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
₴26681
₴37801
₴28418
₴32135
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
25 018
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.

-
-
-
1 376
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.

-
-
-
3 369
trade
-
-
-
9 383
total
-
-
-
39 146
Employee

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

18 860
-
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.

29
-
1 376
-
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.

527
-
25 018
-
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.

3 369
-
3 369
-
total
3 925
-
29 763
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 640
82 500
-
-
income
9 546
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.

525
680
-
-
chamber of commerce
167
194
-
-
trade
10 023
12 994
-
-
total
20 261
26 243
-
-
Dividends
43 380
56 257
-
-
surtax

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

586
764
-
-
withholding
10 657
13 876
-
-
total
11 243
14 640
-
-
Income
82 500
82 500
82 500
82 500
Total tax
35 429
40 883
29 763
39 146
After tax
47 071
41 617
52 737
43 354
Living cost
14 936
14 936
14 936
14 936
Free-cash
32 135
26 681
37 801
28 418

Estimated living cost  is ₴14936 per week

₴9395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25366
₴23352
₴22706
₴24933
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
887
municipal
-
-
-
8 979
national
-
-
-
13 914
pensions
-
-
-
9 900
total
-
-
-
33 680
Employee
40 482
-
71 321
-
municipal
5 000
-
9 299
-
pensions
1 619
-
2 853
-
national
7 748
-
14 409
-
total
14 367
-
26 561
-
Employer
40 482
-
71 321
-
pensions
3 239
-
5 706
-
social contributions
435
-
767
-
total
3 674
-
6 473
-
Corporate
35 672
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%.

7 134
16 500
-
-
total
7 134
16 500
-
-
Dividends
28 538
66 000
-
-
withholding
6 278
14 520
-
-
total
6 278
14 520
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 453
31 020
33 034
33 680
After tax
51 047
51 480
49 466
48 820
Living cost
26 114
26 114
26 114
26 114
Free-cash
24 933
25 366
23 352
22 706

Estimated living cost  is ₴26114 per week

₴17750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴391
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5546
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55741
₴23807
₴17835
₴51696
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
14 475
surtax
-
-
-
21 038
social contributions

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

-
-
-
18 893
microenterprise
-
-
-
-
total
-
-
-
54 406
Employee
14 409
-
61 570
-
surtax
-
-
8 928
-
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.

1 585
-
6 464
-
income
2 565
-
12 112
-
total
4 150
-
27 504
-
Employer
14 409
-
61 570
-
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.

3 471
-
14 157
-
surtax
-
-
6 773
-
total
3 471
-
20 930
-
Corporate
64 621
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%.

12 924
16 500
-
-
total
12 924
16 500
-
-
Dividends

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

51 697
66 000
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
20 545
16 500
48 434
54 406
After tax
61 955
66 000
34 066
28 094
Living cost
10 259
10 259
10 259
10 259
Free-cash
51 696
55 741
23 807
17 835

Estimated living cost  is ₴10259 per week

₴6545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
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.
₴2504
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20122
₴30414
₴25193
₴17101
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 792
health
-
-
-
6 081
pensions
-
-
-
5 777
total
-
-
-
36 650
Employee
42 109
42 109
73 336
-
pensions
7 580
5 777
5 777
-
income

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

6 893
6 893
10 407
-
health
6 463
5 498
6 081
-
total
20 936
18 168
22 265
-
Employer
42 109
42 109
73 336
-
health
2 927
2 927
3 637
-
pensions
2 931
2 931
3 643
-
unemployment
1 516
1 516
1 884
-
total
7 374
7 374
9 164
-
Corporate
33 534
33 017
-
-
income
6 707
6 604
-
-
total
6 707
6 604
-
-
Dividends
26 827
26 413
-
-
income
5 701
5 613
-
-
withholding
4 024
3 962
-
-
total
9 725
9 575
-
-
Income
82 500
82 500
82 500
82 500
Total tax
44 742
41 721
31 429
36 650
After tax
37 758
40 779
51 071
45 850
Living cost
20 657
20 657
20 657
20 657
Free-cash
17 101
20 122
30 414
25 193

Estimated living cost  is ₴20657 per week

₴14639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1862
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3827
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24900
₴22127
₴22616
₴24448
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
accident
-
-
-
88
other
-
-
-
5 130
unemployment
-
-
-
44
health
-
-
-
2 755
municipal
-
-
-
20 787
national
-
-
-
6 162
pensions
-
-
-
4 773
total
-
-
-
39 739
Employee
28 705
-
68 628
-
municipal
8 560
-
20 465
-
national
-
-
5 891
-
total
8 560
-
26 356
-
Employer
28 705
-
68 628
-
health
1 765
-
2 715
-
pensions
3 103
-
4 773
-
accident
57
-
88
-
unemployment
758
-
1 166
-
other
3 336
-
5 130
-
total
9 019
-
13 872
-
Corporate
44 776
82 500
-
-
income
9 851
18 150
-
-
total
9 851
18 150
-
-
Dividends
34 925
64 350
-
-
withholding
10 477
19 305
-
-
total
10 477
19 305
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 907
37 455
40 228
39 739
After tax
44 593
45 045
42 272
42 761
Living cost
20 145
20 145
20 145
20 145
Free-cash
24 448
24 900
22 127
22 616

Estimated living cost  is ₴20145 per week

₴13351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21823
₴33366
₴23566
₴28750
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
25 018
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.

-
-
-
1 376
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.

-
-
-
3 369
trade
-
-
-
9 800
total
-
-
-
39 563
Employee

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

25 006
-
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.

118
-
1 376
-
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.

2 149
-
25 018
-
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.

3 369
-
3 369
-
total
5 636
-
29 763
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 494
82 500
-
-
income
8 624
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.

474
680
-
-
chamber of commerce
156
192
-
-
trade
9 458
13 571
-
-
total
18 712
26 818
-
-
Dividends
38 781
55 681
-
-
surtax

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

523
755
-
-
withholding
9 508
13 733
-
-
total
10 031
14 488
-
-
Income
82 500
82 500
82 500
82 500
Total tax
34 379
41 306
29 763
39 563
After tax
48 121
41 194
52 737
42 937
Living cost
19 371
19 371
19 371
19 371
Free-cash
28 750
21 823
33 366
23 566

Estimated living cost  is ₴19371 per week

₴12956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2043
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.
₴4084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44205
₴39875
₴40613
₴42158
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 811
social contributions
-
-
-
7 978
health
-
-
-
2 104
total
-
-
-
25 893
Employee
37 917
37 917
76 834
-
social contributions
1 843
3 147
4 245
-
income
3 982
3 510
15 414
-
health
377
645
1 306
-
total
6 202
7 302
20 965
-
Employer
37 917
37 917
76 834
-
health
411
702
1 421
-
social contributions
1 843
3 147
4 245
-
total
2 254
3 849
5 666
-
Corporate
58 052
40 734
-
-
income
7 257
5 091
-
-
total
7 257
5 091
-
-
Dividends
50 795
35 642
-
-
withholding
8 635
6 059
-
-
total
8 635
6 059
-
-
Income
82 500
82 500
82 500
82 500
Total tax
24 348
22 301
26 631
25 893
After tax
58 152
60 199
55 869
56 607
Living cost
15 994
15 994
15 994
15 994
Free-cash
42 158
44 205
39 875
40 613

Estimated living cost  is ₴15994 per week

₴10933
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1249
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.
₴3543
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37291
₴38761
₴48088
₴37480
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 086
unemployment
-
-
-
1 237
health
-
-
-
5 775
pensions
-
-
-
8 250
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.

13 084
5 207
69 038
-
unemployment
196
78
1 036
-
pensions
1 308
521
6 904
-
income
1 600
637
8 440
-
health
916
365
4 833
-
total
4 020
1 601
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.

13 084
5 207
69 038
-
pensions
2 551
1 015
13 462
-
total
2 551
1 015
13 462
-
Corporate
66 865
76 277
-
-
income
6 018
6 865
-
-
total
6 018
6 865
-
-
Dividends
60 847
69 412
-
-
social contributions
11 806
13 476
-
-
withholding
11 561
13 188
-
-
total
23 367
26 664
-
-
Income
82 500
82 500
82 500
82 500
Total tax
35 956
36 145
34 675
25 348
After tax
46 544
46 355
47 825
57 152
Living cost
9 064
9 064
9 064
9 064
Free-cash
37 480
37 291
38 761
48 088

Estimated living cost  is ₴9064 per week

₴6185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴742
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1956
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54090
₴35642
₴32310
₴51027
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
10 725
pensions
-
-
-
16 500
total
-
-
-
38 280
Employee
13 989
-
61 659
-
unemployment
224
-
986
-
pensions
280
-
1 233
-
income
1 575
-
11 888
-
total
2 079
-
14 107
-
Employer
13 989
-
61 659
-
health
1 818
-
8 016
-
pensions
2 798
-
12 332
-
unemployment
112
-
493
-
total
4 728
-
20 841
-
Corporate
63 783
82 500
-
-
income
12 756
16 500
-
-
total
12 756
16 500
-
-
Dividends
51 027
66 000
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
19 563
16 500
34 948
38 280
After tax
62 937
66 000
47 552
44 220
Living cost
11 910
11 910
11 910
11 910
Free-cash
51 027
54 090
35 642
32 310

Estimated living cost  is ₴11910 per week

₴8169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴709
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.
₴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 Tallinn model

Close
Gdansk , Poland
-₴4285
₴33660
₴45449
₴4999
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
accident
-
-
-
126
income
-
-
-
22 612
other
-
-
-
185
health
-
-
-
1 087
pensions
-
-
-
2 074
total
-
-
-
26 084
Employee
17 251
-
73 961
-
pensions
1 943
-
3 803
-
income
2 367
-
17 063
-
health
1 975
-
8 468
-
total
6 285
-
29 334
-
Employer
17 251
-
73 961
-
pensions
2 805
-
5 492
-
accident
288
-
1 235
-
unemployment
423
-
1 812
-
total
3 516
-
8 539
-
Corporate
61 733
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.

55 560
74 250
-
-
total
55 560
74 250
-
-
Dividends
6 173
8 250
-
-
withholding
1 173
1 568
-
-
total
1 173
1 568
-
-
Income
82 500
82 500
82 500
82 500
Total tax
66 534
75 818
37 873
26 084
After tax
15 966
6 682
44 627
56 416
Living cost
10 967
10 967
10 967
10 967
Free-cash
4 999
-4 285
33 660
45 449

Estimated living cost  is ₴10967 per week

₴8038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴74374
₴61999
₴77674
₴73624
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 001
-
82 500
-
income
1 000
-
16 500
-
total
1 000
-
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%.

77 499
82 500
-
-
total
-
-
-
-
Dividends
77 499
82 500
-
-
withholding
3 875
4 125
-
-
total
3 875
4 125
-
-
Income
82 500
82 500
82 500
82 500
Total tax
4 875
4 125
16 500
825
After tax
77 625
78 375
66 000
81 675
Living cost
4 001
4 001
4 001
4 001
Free-cash
73 624
74 374
61 999
77 674

Estimated living cost  is ₴4001 per week

₴2479
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1079
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47474
₴33721
₴32179
₴44142
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 324
other
-
-
-
3 562
health
-
-
-
3 299
pensions

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

-
-
-
17 997
total
-
-
-
37 182
Employee
17 904
-
65 894
-
unemployment
179
-
659
-
pensions

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

1 253
-
4 613
-
income
3 082
-
12 839
-
health
251
-
923
-
total
4 765
-
19 034
-
Employer
17 904
-
65 894
-
health
251
-
923
-
pensions

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

3 044
-
11 202
-
accident
143
-
527
-
unemployment
179
-
659
-
other
896
-
3 295
-
total
4 513
-
16 606
-
Corporate
60 084
82 500
-
-
income
12 618
17 325
-
-
total
12 618
17 325
-
-
Dividends
47 466
65 175
-
-
withholding
3 323
4 562
-
-
total
3 323
4 562
-
-
Income
82 500
82 500
82 500
82 500
Total tax
25 219
21 887
35 640
37 182
After tax
57 281
60 613
46 860
45 318
Living cost
13 139
13 139
13 139
13 139
Free-cash
44 142
47 474
33 721
32 179

Estimated living cost  is ₴13139 per week

₴9284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴887
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21710
₴14812
₴22298
₴22424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
income
-
-
-
23 199
pensions
-
-
-
4 325
total
-
-
-
27 524
Employee
46 235
-
72 102
-
pensions
4 460
-
5 345
-
income
8 334
-
18 208
-
health
762
-
1 059
-
total
13 556
-
24 612
-
Employer
46 235
-
72 102
-
health
878
-
1 370
-
pensions
5 459
-
9 028
-
total
6 337
-
10 398
-
Corporate
29 928
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.

5 686
15 675
-
-
total
5 686
15 675
-
-
Dividends
24 242
66 825
-
-
withholding
1 819
12 437
-
-
total
1 819
12 437
-
-
Income
82 500
82 500
82 500
82 500
Total tax
27 398
28 112
35 010
27 524
After tax
55 102
54 388
47 490
54 976
Living cost
32 678
32 678
32 678
32 678
Free-cash
22 424
21 710
14 812
22 298

Estimated living cost  is ₴32678 per week

₴24486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴64072
₴62252
₴59061
₴61783
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 375
unemployment
-
-
-
69
health
-
-
-
1 981
pensions

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

-
-
-
2 549
total
-
-
-
16 974
Employee
8 561
-
79 121
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

752
-
1 512
-
income
856
-
7 912
-
health
394
-
792
-
total
2 096
-
10 405
-
Employer
8 561
-
79 121
-
health
591
-
1 188
-
pensions

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

943
-
1 898
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
unemployment
51
-
103
-
total
1 679
-
3 378
-
Corporate
72 260
82 500
-
-
income
7 226
8 250
-
-
total
7 226
8 250
-
-
Dividends
65 034
74 250
-
-
withholding
3 251
3 713
-
-
total
3 251
3 713
-
-
Income
82 500
82 500
82 500
82 500
Total tax
14 252
11 963
13 783
16 974
After tax
68 248
70 537
68 717
65 526
Living cost
6 465
6 465
6 465
6 465
Free-cash
61 783
64 072
62 252
59 061

Estimated living cost  is ₴6465 per week

₴3774
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴462
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13436
₴23728
₴18507
₴14678
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 792
health
-
-
-
6 081
pensions
-
-
-
5 777
total
-
-
-
36 650
Employee
45 717
42 109
73 336
-
pensions
5 777
5 777
5 777
-
income

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

6 893
6 893
10 407
-
health
5 703
5 498
6 081
-
total
18 373
18 168
22 265
-
Employer
45 717
42 109
73 336
-
health
3 177
2 927
3 637
-
pensions
3 182
2 931
3 643
-
unemployment
1 646
1 516
1 884
-
total
8 005
7 374
9 164
-
Corporate
28 778
33 017
-
-
income
5 756
6 604
-
-
total
5 756
6 604
-
-
Dividends
23 023
26 413
-
-
income
4 892
5 613
-
-
withholding
3 453
3 962
-
-
total
8 345
9 575
-
-
Income
82 500
82 500
82 500
82 500
Total tax
40 479
41 721
31 429
36 650
After tax
42 021
40 779
51 071
45 850
Living cost
27 343
27 343
27 343
27 343
Free-cash
14 678
13 436
23 728
18 507

Estimated living cost  is ₴27343 per week

₴20170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2442
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4418
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44543
₴29868
₴33407
₴40170
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 059
social contributions
-
-
-
17 639
solidarity contribution
-
-
-
-
health
-
-
-
11 137
total
-
-
-
36 835
Employee
18 027
-
61 833
-
solidarity contribution
-
-
-
-
social contributions
1 172
-
3 926
-
income
2 163
-
7 434
-
health
2 434
-
8 347
-
total
5 769
-
19 707
-
Employer
18 027
-
61 833
-
health
1 622
-
5 565
-
social contributions
4 507
-
15 102
-
total
6 129
-
20 667
-
Corporate
58 344
82 500
-
-
income
11 085
15 675
-
-
total
11 085
15 675
-
-
Dividends
47 259
66 825
-
-
withholding
7 089
10 024
-
-
total
7 089
10 024
-
-
Income
82 500
82 500
82 500
82 500
Total tax
30 072
25 699
40 374
36 835
After tax
52 428
56 801
42 126
45 665
Living cost
12 258
12 258
12 258
12 258
Free-cash
40 170
44 543
29 868
33 407

Estimated living cost  is ₴12258 per week

₴8515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23211
₴15151
₴18877
₴20635
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
21 219
regional
-
-
-
969
municipal
-
-
-
490
national
-
-
-
20 138
total
-
-
-
42 816
Employee
43 824
-
82 500
-
municipal
232
-
437
-
national
7 594
-
17 431
-
regional
414
-
855
-
social contributions
14 778
-
27 819
-
total
23 018
-
46 542
-
Employer
43 824
-
82 500
-
total
-
-
-
-
Corporate
38 676
82 500
-
-
municipal
1 508
3 217
-
-
nationa
9 282
19 800
-
-
total
10 790
23 017
-
-
Dividends
27 886
59 483
-
-
withholding
7 250
15 465
-
-
total
7 250
15 465
-
-
Income
82 500
82 500
82 500
82 500
Total tax
41 058
38 482
46 542
42 816
After tax
41 442
44 018
35 958
39 684
Living cost
20 807
20 807
20 807
20 807
Free-cash
20 635
23 211
15 151
18 877

Estimated living cost  is ₴20807 per week

₴14504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41012
₴25158
₴28218
₴39477
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 124
other
-
-
-
-
surtax
-
-
-
3 331
unemployment
-
-
-
112
health
-
-
-
4 672
pensions
-
-
-
13 162
total
-
-
-
43 401
Employee
16 307
-
68 647
-
other
-
-
-
-
unemployment
1 135
-
4 581
-
pensions
1 087
-
4 390
-
surtax
53
-
2 784
-
income
2 733
-
19 175
-
health
416
-
1 678
-
total
5 424
-
32 608
-
Employer
16 307
-
68 647
-
health
742
-
2 994
-
pensions
2 174
-
8 773
-
unemployment
517
-
2 086
-
other
-
-
-
-
total
3 433
-
13 853
-
Corporate
62 761
82 500
-
-
income
16 318
21 450
-
-
total
16 318
21 450
-
-
Dividends
46 443
61 050
-
-
withholding
6 967
9 157
-
-
total
6 967
9 157
-
-
Income
82 500
82 500
82 500
82 500
Total tax
32 142
30 607
46 461
43 401
After tax
50 358
51 893
36 039
39 099
Living cost
10 881
10 881
10 881
10 881
Free-cash
39 477
41 012
25 158
28 218

Estimated living cost  is ₴10881 per week

₴6653
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1004
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2973
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32063
₴25165
₴32651
₴35290
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
income
-
-
-
23 199
pensions
-
-
-
4 325
total
-
-
-
27 524
Employee
30 985
-
72 102
-
pensions
2 630
-
5 345
-
income
5 581
-
18 208
-
health
450
-
1 059
-
total
8 661
-
24 612
-
Employer
30 985
-
72 102
-
health
589
-
1 370
-
pensions
3 354
-
9 028
-
total
3 943
-
10 398
-
Corporate
47 572
82 500
-
-
income

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

9 039
15 675
-
-
total
9 039
15 675
-
-
Dividends
38 533
66 825
-
-
withholding
3 242
12 437
-
-
total
3 242
12 437
-
-
Income
82 500
82 500
82 500
82 500
Total tax
24 885
28 112
35 010
27 524
After tax
57 615
54 388
47 490
54 976
Living cost
22 325
22 325
22 325
22 325
Free-cash
35 290
32 063
25 165
32 651

Estimated living cost  is ₴22325 per week

₴16726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1673
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.
₴3692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴1267
₴24223
₴28219
₴15417
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
3 869
health
-
-
-
185
city
-
-
-
869
national
-
-
-
1 126
pensions
-
-
-
7 590
total
-
-
-
15 289
Employee
45 631
-
73 841
-
unemployment
-
-
-
-
pensions
3 834
-
6 203
-
national
216
-
921
-
regional
1 494
-
3 356
-
city
490
-
793
-
health
103
-
166
-
total
6 137
-
11 439
-
Employer
45 631
-
73 841
-
health
103
-
166
-
pensions
3 834
-
6 203
-
unemployment
-
-
-
-
other

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

912
-
1 477
-
total
4 849
-
7 846
-
Corporate
31 518
82 500
-
-
regional
6 666
17 449
-
-
national
2 679
7 012
-
-
total
9 345
24 461
-
-
Dividends
22 173
58 039
-
-
withholding
7 760
20 314
-
-
total
7 760
20 314
-
-
Income
82 500
82 500
82 500
82 500
Total tax
28 091
44 775
19 285
15 289
After tax
54 409
37 725
63 215
67 211
Living cost
38 992
38 992
38 992
38 992
Free-cash
15 417
-1 267
24 223
28 219

Estimated living cost  is ₴38992 per week

₴25356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴479
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9658
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴18179
₴30148
₴19931
₴26175
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
25 018
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.

-
-
-
1 376
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.

-
-
-
3 369
trade
-
-
-
10 217
total
-
-
-
39 980
Employee

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

29 635
-
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.

192
-
1 376
-
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.

3 485
-
25 018
-
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.

3 369
-
3 369
-
total
7 046
-
29 763
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 865
82 500
-
-
income
7 930
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.

436
680
-
-
chamber of commerce
150
191
-
-
trade
9 067
14 149
-
-
total
17 583
27 395
-
-
Dividends
35 283
55 105
-
-
surtax

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

474
748
-
-
withholding
8 633
13 589
-
-
total
9 107
14 337
-
-
Income
82 500
82 500
82 500
82 500
Total tax
33 736
41 732
29 763
39 980
After tax
48 764
40 768
52 737
42 520
Living cost
22 589
22 589
22 589
22 589
Free-cash
26 175
18 179
30 148
19 931

Estimated living cost  is ₴22589 per week

₴16498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1807
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.
₴3991
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24709
₴28948
₴29691
₴27620
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 552
other
-
-
-
2 557
surtax
-
-
-
-
social contributions
-
-
-
2 351
health
-
-
-
3 352
pensions
-
-
-
15 126
total
-
-
-
35 938
Employee
21 104
-
64 171
-
pensions
2 386
-
4 329
-
surtax
-
-
-
-
social contributions
602
-
1 828
-
income
1 245
-
12 195
-
total
4 233
-
18 352
-
Employer
21 104
-
64 171
-
health
1 478
-
5 780
-
pensions
3 467
-
7 311
-
unemployment
854
-
2 599
-
social contributions
64
-
193
-
other
728
-
2 446
-
total
6 591
-
18 329
-
Corporate
54 805
82 500
-
-
income
15 346
23 100
-
-
surtax
-
-
-
-
total
15 346
23 100
-
-
Dividends
39 460
59 400
-
-
surtax
-
-
-
-
social contributions
6 788
10 217
-
-
withholding
5 051
7 603
-
-
total
11 839
17 820
-
-
Income
82 500
82 500
82 500
82 500
Total tax
38 009
40 920
36 681
35 938
After tax
44 491
41 580
45 819
46 562
Living cost
16 871
16 871
16 871
16 871
Free-cash
27 620
24 709
28 948
29 691

Estimated living cost  is ₴16871 per week

₴10638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26381
₴30620
₴31363
₴29123
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 552
other
-
-
-
2 557
surtax
-
-
-
-
social contributions
-
-
-
2 351
health
-
-
-
3 352
pensions
-
-
-
15 126
total
-
-
-
35 938
Employee
18 838
-
64 171
-
pensions
2 131
-
4 329
-
surtax
-
-
-
-
social contributions
537
-
1 828
-
income
971
-
12 195
-
total
3 639
-
18 352
-
Employer
18 838
-
64 171
-
health
1 318
-
5 780
-
pensions
3 095
-
7 311
-
unemployment
763
-
2 599
-
social contributions
56
-
193
-
other
650
-
2 446
-
total
5 882
-
18 329
-
Corporate
57 778
82 500
-
-
income
16 178
23 100
-
-
surtax
-
-
-
-
total
16 178
23 100
-
-
Dividends
41 600
59 400
-
-
surtax
-
-
-
-
social contributions
7 155
10 217
-
-
withholding
5 324
7 603
-
-
total
12 479
17 820
-
-
Income
82 500
82 500
82 500
82 500
Total tax
38 178
40 920
36 681
35 938
After tax
44 322
41 580
45 819
46 562
Living cost
15 199
15 199
15 199
15 199
Free-cash
29 123
26 381
30 620
31 363

Estimated living cost  is ₴15199 per week

₴8815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1544
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.
₴4552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40952
₴42525
₴40131
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 375
social contributions
-
-
-
11 385
health
-
-
-
5 759
total
-
-
-
29 519
Employee
16 719
-
82 500
-
social contributions
2 308
-
11 385
-
income
2 789
-
13 948
-
health
1 167
-
5 759
-
total
6 264
-
31 092
-
Employer
16 719
-
82 500
-
total
-
-
-
-
Corporate
65 781
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%.

3 289
4 125
-
-
total
3 289
4 125
-
-
Dividends
62 492
78 375
-
-
social contributions
8 624
10 816
-
-
withholding
9 374
11 756
-
-
health
4 362
5 470
-
-
total
22 360
28 042
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 913
32 167
31 092
29 519
After tax
50 587
50 333
51 408
52 981
Living cost
10 456
10 456
10 456
10 456
Free-cash
40 131
39 877
40 952
42 525

Estimated living cost  is ₴10456 per week

₴6998
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
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.
₴2572
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28312
₴4474
₴24958
₴27551
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 653
surtax
-
-
-
97
unemployment
-
-
-
3 024
chamber of commerce
-
-
-
330
health
-
-
-
4 406
pensions
-
-
-
10 657
total
-
-
-
40 167
Employee
24 643
19 651
65 265
-
other
246
197
576
-
unemployment
739
590
1 728
-
pensions
2 524
2 012
5 899
-
income
2 805
1 449
17 135
-
health
954
761
2 229
-
total
7 268
5 009
27 567
-
Employer
24 643
19 651
65 265
-
chamber of commerce
98
79
261
-
health
931
743
2 178
-
pensions
3 093
2 467
7 230
-
accident
320
255
749
-
unemployment
739
590
1 728
-
surtax
97
97
97
-
payroll
739
590
1 958
-
other
1 171
933
3 035
-
total
7 188
5 754
17 236
-
Corporate
50 668
57 096
63 394
-
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.

12 667
14 274
15 848
-
total
12 667
14 274
15 848
-
Dividends
38 001
42 822
-
-
withholding
10 451
11 776
-
-
total
10 451
11 776
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 574
36 813
60 651
40 167
After tax
44 926
45 687
21 849
42 333
Living cost
17 375
17 375
17 375
17 375
Free-cash
27 551
28 312
4 474
24 958

Estimated living cost  is ₴17375 per week

₴11588
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4019
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28170
₴11310
₴17759
₴20774
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
4 213
social contributions
-
-
-
12 294
national
-
-
-
30 255
total
-
-
-
46 762
Employee

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

35 272
-
63 898
-
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.

307
-
556
-
communal

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

1 840
-
3 333
-
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.

2 645
-
4 792
-
national
10 844
-
22 925
-
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.

1 657
-
3 003
-
total
17 293
-
34 609
-
Employer

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

35 272
-
63 898
-
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.

2 169
-
3 930
-
pensions

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

3 125
-
5 661
-
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.

459
-
831
-
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.

515
-
933
-
surtax
3 999
-
7 247
-
total
10 267
-
18 602
-
Corporate
36 961
82 500
-
-
income
7 393
16 500
-
-
surtax
148
330
-
-
total
7 541
16 830
-
-
Dividends
29 420
65 669
-
-
withholding

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

8 646
19 521
-
-
total
8 646
19 521
-
-
Income
82 500
82 500
82 500
82 500
Total tax
43 747
36 351
53 211
46 762
After tax
38 753
46 149
29 289
35 738
Living cost
17 979
17 979
17 979
17 979
Free-cash
20 774
28 170
11 310
17 759

Estimated living cost  is ₴17979 per week

₴11581
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4545
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37236
₴26470
₴28539
₴33774
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
accident
-
-
-
412
income
-
-
-
22 441
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 934
total
-
-
-
36 153
Employee
24 546
-
67 929
-
other
24
-
46
-
unemployment
381
-
708
-
pensions
1 154
-
2 149
-
income
5 179
-
20 748
-
total
6 738
-
23 651
-
Employer
24 546
-
67 929
-
pensions
5 792
-
10 787
-
accident
486
-
905
-
unemployment
1 350
-
2 513
-
other
196
-
366
-
total
7 824
-
14 571
-
Corporate
50 131
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.

7 520
12 375
-
-
total
7 520
12 375
-
-
Dividends
42 611
70 125
-
-
withholding
8 836
15 081
-
-
total
8 836
15 081
-
-
Income
82 500
82 500
82 500
82 500
Total tax
30 918
27 456
38 222
36 153
After tax
51 582
55 044
44 278
46 347
Living cost
17 808
17 808
17 808
17 808
Free-cash
33 774
37 236
26 470
28 539

Estimated living cost  is ₴17808 per week

₴13114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3174
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21737
₴17769
₴14480
₴15635
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
5 214
accident
-
-
-
695
income
-
-
-
13 062
surtax
-
-
-
4 090
health
-
-
-
5 796
pensions
-
-
-
12 366
total
-
-
-
41 223
Employee
37 342
-
73 694
-
pensions
2 987
-
5 895
-
surtax
2 289
-
4 516
-
income
3 607
-
15 437
-
health
1 662
-
3 280
-
total
10 545
-
29 128
-
Employer
37 342
-
73 694
-
health
1 139
-
2 248
-
pensions
2 987
-
5 895
-
accident
336
-
663
-
total
4 462
-
8 806
-
Corporate
40 696
82 500
-
-
communal
2 747
5 569
-
-
income
6 104
12 375
-
-
surtax
428
867
-
-
total
9 279
18 811
-
-
Dividends
31 417
63 689
-
-
income
11 070
5 602
-
-
withholding
4 712
9 553
-
-
total
15 782
15 155
-
-
Income
82 500
82 500
82 500
82 500
Total tax
40 068
33 966
37 934
41 223
After tax
42 432
48 534
44 566
41 277
Living cost
26 797
26 797
26 797
26 797
Free-cash
15 635
21 737
17 769
14 480

Estimated living cost  is ₴26797 per week

₴20102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40817
₴24963
₴28023
₴39248
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 124
other
-
-
-
-
surtax
-
-
-
3 331
unemployment
-
-
-
112
health
-
-
-
4 672
pensions
-
-
-
13 162
total
-
-
-
43 401
Employee
16 606
-
68 647
-
other
-
-
-
-
unemployment
1 156
-
4 581
-
pensions
1 108
-
4 390
-
surtax
59
-
2 784
-
income
2 784
-
19 175
-
health
424
-
1 678
-
total
5 531
-
32 608
-
Employer
16 606
-
68 647
-
health
755
-
2 994
-
pensions
2 214
-
8 773
-
unemployment
527
-
2 086
-
other
-
-
-
-
total
3 496
-
13 853
-
Corporate
62 398
82 500
-
-
income
16 223
21 450
-
-
total
16 223
21 450
-
-
Dividends
46 175
61 050
-
-
withholding
6 926
9 157
-
-
total
6 926
9 157
-
-
Income
82 500
82 500
82 500
82 500
Total tax
32 176
30 607
46 461
43 401
After tax
50 324
51 893
36 039
39 099
Living cost
11 076
11 076
11 076
11 076
Free-cash
39 248
40 817
24 963
28 023

Estimated living cost  is ₴11076 per week

₴6687
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴963
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.
₴3169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30081
₴22420
₴26126
₴28986
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
21 219
regional
-
-
-
1 244
municipal
-
-
-
490
national
-
-
-
20 138
total
-
-
-
43 091
Employee
27 353
-
82 500
-
municipal
145
-
437
-
national
4 334
-
17 431
-
regional
368
-
1 110
-
social contributions
9 224
-
27 819
-
total
14 071
-
46 797
-
Employer
27 353
-
82 500
-
total
-
-
-
-
Corporate
55 147
82 500
-
-
municipal
2 741
4 100
-
-
nationa
13 235
19 800
-
-
total
15 976
23 900
-
-
Dividends
39 171
58 600
-
-
withholding
10 184
15 236
-
-
total
10 184
15 236
-
-
Income
82 500
82 500
82 500
82 500
Total tax
40 231
39 136
46 797
43 091
After tax
42 269
43 364
35 703
39 409
Living cost
13 283
13 283
13 283
13 283
Free-cash
28 986
30 081
22 420
26 126

Estimated living cost  is ₴13283 per week

₴8261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1346
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41696
₴27021
₴30560
₴36308
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 059
social contributions
-
-
-
17 639
solidarity contribution
-
-
-
-
health
-
-
-
11 137
total
-
-
-
36 835
Employee
22 214
-
61 833
-
solidarity contribution
-
-
-
-
social contributions
1 444
-
3 926
-
income
2 666
-
7 434
-
health
2 999
-
8 347
-
total
7 109
-
19 707
-
Employer
22 214
-
61 833
-
health
1 999
-
5 565
-
social contributions
5 553
-
15 102
-
total
7 552
-
20 667
-
Corporate
52 734
82 500
-
-
income
10 019
15 675
-
-
total
10 019
15 675
-
-
Dividends
42 714
66 825
-
-
withholding
6 407
10 024
-
-
total
6 407
10 024
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 087
25 699
40 374
36 835
After tax
51 413
56 801
42 126
45 665
Living cost
15 105
15 105
15 105
15 105
Free-cash
36 308
41 696
27 021
30 560

Estimated living cost  is ₴15105 per week

₴11233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30008
₴6149
₴26698
₴29765
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 653
surtax
-
-
-
-
unemployment
-
-
-
3 024
chamber of commerce
-
-
-
330
health
-
-
-
4 406
pensions
-
-
-
10 657
total
-
-
-
40 070
Employee
21 555
19 651
65 356
-
other
215
197
576
-
unemployment
647
590
1 728
-
pensions
2 207
2 012
5 899
-
income
1 920
1 449
17 172
-
health
834
761
2 229
-
total
5 823
5 009
27 604
-
Employer
21 555
19 651
65 356
-
chamber of commerce
86
79
261
-
health
815
743
2 178
-
pensions
2 705
2 467
7 230
-
accident
280
255
749
-
unemployment
647
590
1 728
-
surtax
-
-
-
-
payroll
647
590
1 960
-
other
1 024
933
3 038
-
total
6 204
5 657
17 144
-
Corporate
54 742
57 193
63 484
-
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.

13 685
14 298
15 871
-
total
13 685
14 298
15 871
-
Dividends
41 056
42 895
-
-
withholding
11 291
11 796
-
-
total
11 291
11 796
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 003
36 760
60 619
40 070
After tax
45 497
45 740
21 881
42 430
Living cost
15 732
15 732
15 732
15 732
Free-cash
29 765
30 008
6 149
26 698

Estimated living cost  is ₴15732 per week

₴9437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1607
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.
₴4407
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴72140
₴59765
₴75440
₴70971
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
82 500
microenterprise

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

-
-
-
825
total
-
-
-
825
Employee
7 794
-
82 500
-
income
1 559
-
16 500
-
total
1 559
-
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%.

74 706
82 500
-
-
total
-
-
-
-
Dividends
74 706
82 500
-
-
withholding
3 735
4 125
-
-
total
3 735
4 125
-
-
Income
82 500
82 500
82 500
82 500
Total tax
5 294
4 125
16 500
825
After tax
77 206
78 375
66 000
81 675
Living cost
6 235
6 235
6 235
6 235
Free-cash
70 971
72 140
59 765
75 440

Estimated living cost  is ₴6235 per week

₴4219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1545
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43575
₴25105
₴27288
₴39451
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
18 677
unemployment
-
-
-
124
health
-
-
-
8 118
pensions
-
-
-
15 067
total
-
-
-
41 986
Employee

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

21 805
-
71 386
-
unemployment
31
-
100
-
pensions
3 380
-
11 064
-
income
3 760
-
17 280
-
health
1 408
-
4 611
-
total
8 579
-
33 055
-
Employer

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

21 805
-
71 386
-
health
1 452
-
4 754
-
pensions
1 930
-
6 317
-
unemployment
13
-
43
-
total
3 395
-
11 114
-
Corporate
57 300
82 500
-
-
income
10 887
15 675
-
-
total
10 887
15 675
-
-
Dividends
46 413
66 825
-
-
withholding
6 962
10 024
-
-
total
6 962
10 024
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 823
25 699
44 169
41 986
After tax
52 677
56 801
38 331
40 514
Living cost
13 226
13 226
13 226
13 226
Free-cash
39 451
43 575
25 105
27 288

Estimated living cost  is ₴13226 per week

₴9077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴848
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28719
₴54479
₴35540
₴5046
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
income
-
-
-
16 081
social contributions
-
-
-
9 405
total
-
-
-
25 486
Employee
30 791
-
-
-
social contributions
2 525
-
360
-
income
6 792
-
-
-
total
9 317
-
360
-
Employer
30 791
-
-
-
social contributions
43 416
-
6 187
-
total
43 416
-
6 187
-
Corporate
8 293
82 500
-
-
income
1 824
18 150
-
-
total
1 824
18 150
-
-
Dividends
6 469
64 350
-
-
income
1 423
14 157
-
-
total
1 423
14 157
-
-
Income
82 500
82 500
82 500
82 500
Total tax
55 980
32 307
6 547
25 486
After tax
26 520
50 193
75 953
57 014
Living cost
21 474
21 474
21 474
21 474
Free-cash
5 046
28 719
54 479
35 540

Estimated living cost  is ₴21474 per week

₴13933
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2020
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴5248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31459
₴22740
₴28892
₴30963
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 472
surtax
-
-
-
-
social contributions

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

-
-
-
28 669
total
-
-
-
38 141
Employee
22 679
-
66 667
-
surtax
-
-
-
-
social contributions
2 495
-
7 334
-
income
4 717
-
21 126
-
total
7 212
-
28 460
-
Employer
22 679
-
66 667
-
social contributions
5 386
-
15 833
-
total
5 386
-
15 833
-
Corporate
54 435
82 500
-
-
income
11 431
17 325
-
-
surtax
-
-
-
-
total
11 431
17 325
-
-
Dividends
43 004
65 175
-
-
withholding
12 041
18 249
-
-
total
12 041
18 249
-
-
Income
82 500
82 500
82 500
82 500
Total tax
36 070
35 574
44 293
38 141
After tax
46 430
46 926
38 207
44 359
Living cost
15 467
15 467
15 467
15 467
Free-cash
30 963
31 459
22 740
28 892

Estimated living cost  is ₴15467 per week

₴11573
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2724
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17764
₴22003
₴22746
₴21153
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 552
other
-
-
-
2 557
surtax
-
-
-
-
social contributions
-
-
-
2 351
health
-
-
-
3 352
pensions
-
-
-
15 126
total
-
-
-
35 938
Employee
30 884
-
64 171
-
pensions
3 493
-
4 329
-
surtax
-
-
-
-
social contributions
880
-
1 828
-
income
2 695
-
12 195
-
total
7 068
-
18 352
-
Employer
30 884
-
64 171
-
health
2 162
-
5 780
-
pensions
5 075
-
7 311
-
unemployment
1 251
-
2 599
-
social contributions
93
-
193
-
other
1 066
-
2 446
-
total
9 647
-
18 329
-
Corporate
41 970
82 500
-
-
income
11 751
23 100
-
-
surtax
-
-
-
-
total
11 751
23 100
-
-
Dividends
30 219
59 400
-
-
surtax
-
-
-
-
social contributions
5 197
10 217
-
-
withholding
3 868
7 603
-
-
total
9 065
17 820
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 531
40 920
36 681
35 938
After tax
44 969
41 580
45 819
46 562
Living cost
23 816
23 816
23 816
23 816
Free-cash
21 153
17 764
22 003
22 746

Estimated living cost  is ₴23816 per week

₴16118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1948
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.
₴5423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59427
₴48279
₴46086
₴57771
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 441
social contributions
-
-
-
18 150
total
-
-
-
21 591
Employee
15 853
-
71 429
-
income
-
-
3 684
-
social contributions
1 030
-
4 643
-
total
1 030
-
8 327
-
Employer
15 853
-
71 429
-
social contributions
2 457
-
11 071
-
total
2 457
-
11 071
-
Corporate
64 190
82 500
-
-
income
6 419
8 250
-
-
total
6 419
8 250
-
-
Dividends
57 771
74 250
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
9 906
8 250
19 398
21 591
After tax
72 594
74 250
63 102
60 909
Living cost
14 823
14 823
14 823
14 823
Free-cash
57 771
59 427
48 279
46 086

Estimated living cost  is ₴14823 per week

₴9584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1117
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴24888
-₴24888
₴25169
-₴24888
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
labour market
-
-
-
6 566
municipal
-
-
-
17 057
national
-
-
-
9 544
pensions
-
-
-
427
total
-
-
-
33 594
Employee
100 190
100 190
100 190
-
municipal
21 335
21 335
21 335
-
labour market
8 004
8 004
8 004
-
pensions
142
142
142
-
national
12 240
12 240
12 240
-
total
41 721
41 721
41 721
-
Employer
100 190
100 190
100 190
-
national
12 261
12 261
12 261
-
labour market
8 015
8 015
8 015
-
pensions
285
285
285
-
municipal
21 369
21 369
21 369
-
total
41 930
41 930
41 930
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
83 651
83 651
83 651
33 594
After tax
-1 151
-1 151
-1 151
48 906
Living cost
23 737
23 737
23 737
23 737
Free-cash
-24 888
-24 888
-24 888
25 169

Estimated living cost  is ₴23737 per week

₴16246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5026
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4123
₴33822
₴45611
₴5025
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
accident
-
-
-
126
income
-
-
-
22 612
other
-
-
-
185
health
-
-
-
1 087
pensions
-
-
-
2 074
total
-
-
-
26 084
Employee
16 997
-
73 961
-
pensions
1 914
-
3 803
-
income
2 332
-
17 063
-
health
1 946
-
8 468
-
total
6 192
-
29 334
-
Employer
16 997
-
73 961
-
pensions
2 764
-
5 492
-
accident
284
-
1 235
-
unemployment
416
-
1 812
-
total
3 464
-
8 539
-
Corporate
62 039
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.

55 835
74 250
-
-
total
55 835
74 250
-
-
Dividends
6 204
8 250
-
-
withholding
1 179
1 568
-
-
total
1 179
1 568
-
-
Income
82 500
82 500
82 500
82 500
Total tax
66 670
75 818
37 873
26 084
After tax
15 830
6 682
44 627
56 416
Living cost
10 805
10 805
10 805
10 805
Free-cash
5 025
-4 123
33 822
45 611

Estimated living cost  is ₴10805 per week

₴7865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33035
₴24624
₴34913
₴34170
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
82 500
health
-
-
-
1 065
municipal
-
-
-
14 659
national
-
-
-
12 931
total
-
-
-
28 655
Employee
25 943
-
69 404
-
municipal
4 249
-
11 307
-
unemployment
389
-
1 042
-
pensions
1 751
-
4 684
-
national
429
-
7 953
-
health
194
-
863
-
total
7 012
-
25 849
-
Employer
25 943
-
69 404
-
health
199
-
534
-
pensions
4 501
-
12 041
-
accident
26
-
69
-
unemployment
168
-
451
-
total
4 894
-
13 095
-
Corporate
51 662
82 500
-
-
income
10 333
16 500
-
-
total
10 333
16 500
-
-
Dividends

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

30 997
49 500
-
-
municipal
5 579
8 910
-
-
national
1 580
5 123
-
-
total
7 159
14 033
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 398
30 533
38 944
28 655
After tax
53 102
51 967
43 556
53 845
Living cost
18 932
18 932
18 932
18 932
Free-cash
34 170
33 035
24 624
34 913

Estimated living cost  is ₴18932 per week

₴12366
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1821
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.
₴4444
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48782
₴44452
₴45190
₴46097
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 811
social contributions
-
-
-
7 978
health
-
-
-
2 104
total
-
-
-
25 893
Employee
37 917
37 917
76 834
-
social contributions
1 434
3 147
4 245
-
income
4 129
3 510
15 414
-
health
294
645
1 306
-
total
5 857
7 302
20 965
-
Employer
37 917
37 917
76 834
-
health
319
702
1 421
-
social contributions
1 434
3 147
4 245
-
total
1 753
3 849
5 666
-
Corporate
63 475
40 734
-
-
income
7 934
5 091
-
-
total
7 934
5 091
-
-
Dividends
55 540
35 642
-
-
withholding
9 442
6 059
-
-
total
9 442
6 059
-
-
Income
82 500
82 500
82 500
82 500
Total tax
24 986
22 301
26 631
25 893
After tax
57 514
60 199
55 869
56 607
Living cost
11 417
11 417
11 417
11 417
Free-cash
46 097
48 782
44 452
45 190

Estimated living cost  is ₴11417 per week

₴6842
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1120
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.
₴3202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60489
₴51488
₴61378
₴57982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 358
unemployment
-
-
-
14
health
-
-
-
1 784
pensions
-
-
-
3 137
total
-
-
-
13 293
Employee

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

11 318
-
77 681
-
unemployment
56
-
234
-
pensions
1 697
-
7 018
-
income
774
-
7 135
-
health
962
-
3 977
-
total
3 489
-
18 364
-
Employer

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

11 318
-
77 681
-
health
487
-
2 012
-
pensions
622
-
2 573
-
unemployment
56
-
234
-
total
1 165
-
4 819
-
Corporate
70 017
82 500
-
-
income
6 301
7 425
-
-
total
6 301
7 425
-
-
Dividends
63 715
75 075
-
-
withholding
5 734
6 757
-
-
total
5 734
6 757
-
-
Income
82 500
82 500
82 500
82 500
Total tax
16 689
14 182
23 183
13 293
After tax
65 811
68 318
59 317
69 207
Living cost
7 829
7 829
7 829
7 829
Free-cash
57 982
60 489
51 488
61 378

Estimated living cost  is ₴7829 per week

₴4995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴564
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.
₴2036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41484
₴30718
₴32787
₴39307
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
accident
-
-
-
412
income
-
-
-
22 441
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 934
total
-
-
-
36 153
Employee
18 233
-
67 929
-
other
18
-
46
-
unemployment
283
-
708
-
pensions
857
-
2 149
-
income
3 515
-
20 748
-
total
4 673
-
23 651
-
Employer
18 233
-
67 929
-
pensions
4 303
-
10 787
-
accident
361
-
905
-
unemployment
1 003
-
2 513
-
other
146
-
366
-
total
5 813
-
14 571
-
Corporate
58 454
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.

8 768
12 375
-
-
total
8 768
12 375
-
-
Dividends
49 686
70 125
-
-
withholding
10 379
15 081
-
-
total
10 379
15 081
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 633
27 456
38 222
36 153
After tax
52 867
55 044
44 278
46 347
Living cost
13 560
13 560
13 560
13 560
Free-cash
39 307
41 484
30 718
32 787

Estimated living cost  is ₴13560 per week

₴9153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1304
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2866
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50520
₴52033
₴52100
₴50362
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 231
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
29 440
Employee
1 463
-
81 712
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
28 194
-
health
73
-
175
-
total
503
-
28 719
-
Employer
1 463
-
81 712
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
80 708
82 500
-
-
income
17 756
18 150
-
-
total
17 756
18 150
-
-
Dividends
62 952
64 350
-
-
withholding
12 590
12 870
-
-
total
12 590
12 870
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 178
31 020
29 507
29 440
After tax
51 322
51 480
52 993
53 060
Living cost
960
960
960
960
Free-cash
50 362
50 520
52 033
52 100

Estimated living cost  is ₴960 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴51074
₴41623
₴41623
₴48647
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
18 564
unemployment
-
-
-
547
health
-
-
-
3 755
pensions
-
-
-
9 479
total
-
-
-
32 345
Employee

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

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

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

12 865
-
75 974
-
unemployment
96
-
273
-
pensions
1 801
-
5 104
-
income
1 773
-
18 564
-
health
663
-
1 878
-
total
4 333
-
25 819
-
Employer

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

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

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

12 865
-
75 974
-
health
663
-
1 878
-
pensions
1 544
-
4 375
-
unemployment
96
-
273
-
total
2 303
-
6 526
-
Corporate
67 332
82 500
-
-
income
10 100
12 375
-
-
total
10 100
12 375
-
-
Dividends
57 232
70 125
-
-
withholding
8 585
10 519
-
-
total
8 585
10 519
-
-
Income
82 500
82 500
82 500
82 500
Total tax
25 321
22 894
32 345
32 345
After tax
57 179
59 606
50 155
50 155
Living cost
8 532
8 532
8 532
8 532
Free-cash
48 647
51 074
41 623
41 623

Estimated living cost  is ₴8532 per week

₴5744
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴660
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1880
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33632
₴24913
₴31065
₴33455
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 472
surtax
-
-
-
-
social contributions

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

-
-
-
28 669
total
-
-
-
38 141
Employee
19 139
-
66 667
-
surtax
-
-
-
-
social contributions
2 105
-
7 334
-
income
3 740
-
21 126
-
total
5 845
-
28 460
-
Employer
19 139
-
66 667
-
social contributions
4 545
-
15 833
-
total
4 545
-
15 833
-
Corporate
58 817
82 500
-
-
income
12 351
17 325
-
-
surtax
-
-
-
-
total
12 351
17 325
-
-
Dividends
46 465
65 175
-
-
withholding
13 010
18 249
-
-
total
13 010
18 249
-
-
Income
82 500
82 500
82 500
82 500
Total tax
35 751
35 574
44 293
38 141
After tax
46 749
46 926
38 207
44 359
Living cost
13 294
13 294
13 294
13 294
Free-cash
33 455
33 632
24 913
31 065

Estimated living cost  is ₴13294 per week

₴9416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴924
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37714
₴26948
₴29017
₴34420
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
accident
-
-
-
412
income
-
-
-
22 441
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 934
total
-
-
-
36 153
Employee
23 815
-
67 929
-
other
23
-
46
-
unemployment
369
-
708
-
pensions
1 119
-
2 149
-
income
4 974
-
20 748
-
total
6 485
-
23 651
-
Employer
23 815
-
67 929
-
pensions
5 620
-
10 787
-
accident
472
-
905
-
unemployment
1 310
-
2 513
-
other
191
-
366
-
total
7 593
-
14 571
-
Corporate
51 093
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.

7 664
12 375
-
-
total
7 664
12 375
-
-
Dividends
43 429
70 125
-
-
withholding
9 008
15 081
-
-
total
9 008
15 081
-
-
Income
82 500
82 500
82 500
82 500
Total tax
30 750
27 456
38 222
36 153
After tax
51 750
55 044
44 278
46 347
Living cost
17 330
17 330
17 330
17 330
Free-cash
34 420
37 714
26 948
29 017

Estimated living cost  is ₴17330 per week

₴12446
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
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.
₴3293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴62055
₴60235
₴57044
₴59052
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 375
unemployment
-
-
-
69
health
-
-
-
1 981
pensions

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

-
-
-
2 549
total
-
-
-
16 974
Employee
11 232
-
79 121
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

986
-
1 512
-
income
1 123
-
7 912
-
health
517
-
792
-
total
2 749
-
10 405
-
Employer
11 232
-
79 121
-
health
775
-
1 188
-
pensions

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

1 238
-
1 898
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
unemployment
67
-
103
-
total
2 203
-
3 378
-
Corporate
69 064
82 500
-
-
income
6 906
8 250
-
-
total
6 906
8 250
-
-
Dividends
62 158
74 250
-
-
withholding
3 108
3 713
-
-
total
3 108
3 713
-
-
Income
82 500
82 500
82 500
82 500
Total tax
14 966
11 963
13 783
16 974
After tax
67 534
70 537
68 717
65 526
Living cost
8 482
8 482
8 482
8 482
Free-cash
59 052
62 055
60 235
57 044

Estimated living cost  is ₴8482 per week

₴5610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2185
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23429
₴33700
₴25151
₴29880
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
25 018
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.

-
-
-
1 376
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.

-
-
-
3 369
trade
-
-
-
8 549
total
-
-
-
38 312
Employee

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

24 535
-
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.

111
-
1 376
-
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.

2 017
-
25 018
-
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.

3 369
-
3 369
-
total
5 497
-
29 763
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 965
82 500
-
-
income
8 695
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.

478
680
-
-
chamber of commerce
160
196
-
-
trade
8 318
11 838
-
-
total
17 651
25 089
-
-
Dividends
40 314
57 410
-
-
surtax

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

544
779
-
-
withholding
9 891
14 166
-
-
total
10 435
14 945
-
-
Income
82 500
82 500
82 500
82 500
Total tax
33 583
40 034
29 763
38 312
After tax
48 917
42 466
52 737
44 188
Living cost
19 037
19 037
19 037
19 037
Free-cash
29 880
23 429
33 700
25 151

Estimated living cost  is ₴19037 per week

₴13132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2048
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29661
₴15899
₴15899
₴30750
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 849
social contributions
-
-
-
13 663
total
-
-
-
38 512
Employee
38 572
-
82 500
-
income
7 278
-
24 849
-
social contributions
3 205
-
13 663
-
total
10 483
-
38 512
-
Employer
38 572
-
82 500
-
total
-
-
-
-
Corporate
43 928
82 500
-
-
income
5 491
10 312
-
-
total
5 491
10 312
-
-
Dividends
38 437
72 188
-
-
withholding
7 687
14 438
-
-
total
7 687
14 438
-
-
Income
82 500
82 500
82 500
82 500
Total tax
23 661
24 750
38 512
38 512
After tax
58 839
57 750
43 988
43 988
Living cost
28 089
28 089
28 089
28 089
Free-cash
30 750
29 661
15 899
15 899

Estimated living cost  is ₴28089 per week

₴21370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2289
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.
₴4162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33120
₴41026
₴47577
₴34844
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
82 500
income
-
-
-
14 036
health

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

-
-
-
2 987
total
-
-
-
17 023
Employee
22 621
-
80 232
-
income
2 454
-
19 038
-
social contributions
2 266
-
2 268
-
total
4 720
-
21 306
-
Employer
22 621
-
80 232
-
social contributions
2 266
-
2 268
-
total
2 266
-
2 268
-
Corporate
57 613
82 500
-
-
income
20 165
28 875
-
-
total
20 165
28 875
-
-
Dividends
37 448
53 625
-
-
social contributions
2 605
2 605
-
-
total
2 605
2 605
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 756
31 480
23 574
17 023
After tax
52 744
51 020
58 926
65 477
Living cost
17 900
17 900
17 900
17 900
Free-cash
34 844
33 120
41 026
47 577

Estimated living cost  is ₴17900 per week

₴11791
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1411
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.
₴4423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36239
₴29341
₴36827
₴39133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
income
-
-
-
23 199
pensions
-
-
-
4 325
total
-
-
-
27 524
Employee
24 913
-
72 102
-
pensions
1 901
-
5 345
-
income
4 537
-
18 208
-
health
325
-
1 059
-
total
6 763
-
24 612
-
Employer
24 913
-
72 102
-
health
473
-
1 370
-
pensions
2 517
-
9 028
-
total
2 990
-
10 398
-
Corporate
54 597
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.

10 373
15 675
-
-
total
10 373
15 675
-
-
Dividends
44 223
66 825
-
-
withholding
5 092
12 437
-
-
total
5 092
12 437
-
-
Income
82 500
82 500
82 500
82 500
Total tax
25 218
28 112
35 010
27 524
After tax
57 282
54 388
47 490
54 976
Living cost
18 149
18 149
18 149
18 149
Free-cash
39 133
36 239
29 341
36 827

Estimated living cost  is ₴18149 per week

₴12450
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1669
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3802
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5193
₴32752
₴44541
₴4861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
accident
-
-
-
126
income
-
-
-
22 612
other
-
-
-
185
health
-
-
-
1 087
pensions
-
-
-
2 074
total
-
-
-
26 084
Employee
18 679
-
73 961
-
pensions
2 103
-
3 803
-
income
2 563
-
17 063
-
health
2 139
-
8 468
-
total
6 805
-
29 334
-
Employer
18 679
-
73 961
-
pensions
3 037
-
5 492
-
accident
312
-
1 235
-
unemployment
458
-
1 812
-
total
3 807
-
8 539
-
Corporate
60 014
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.

54 012
74 250
-
-
total
54 012
74 250
-
-
Dividends
6 002
8 250
-
-
withholding
1 140
1 568
-
-
total
1 140
1 568
-
-
Income
82 500
82 500
82 500
82 500
Total tax
65 764
75 818
37 873
26 084
After tax
16 736
6 682
44 627
56 416
Living cost
11 875
11 875
11 875
11 875
Free-cash
4 861
-5 193
32 752
44 541

Estimated living cost  is ₴11875 per week

₴8715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴692
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.
₴2229
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴62737
₴51396
₴40509
₴60421
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
82 500
income
-
-
-
13 531
unemployment
-
-
-
950
work injury
-
-
-
396
health insurance
-
-
-
5 859
pensions
-
-
-
14 568
total
-
-
-
35 304
Employee

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

10 700
-
82 500
-
health insurance
792
-
2 929
-
unemployment
128
-
475
-
work injury
53
-
198
-
pensions
1 969
-
7 284
-
income
1 070
-
13 531
-
total
4 012
-
24 417
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 800
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%.

718
825
-
-
total
718
825
-
-
Dividends
71 082
81 675
-
-
withholding
10 662
12 251
-
-
total
10 662
12 251
-
-
Income
82 500
82 500
82 500
82 500
Total tax
15 392
13 076
24 417
35 304
After tax
67 108
69 424
58 083
47 196
Living cost
6 687
6 687
6 687
6 687
Free-cash
60 421
62 737
51 396
40 509

Estimated living cost  is ₴6687 per week

₴4143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1850
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23812
₴15442
₴19063
₴21569
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
21 219
regional
-
-
-
1 885
municipal
-
-
-
551
national
-
-
-
20 138
total
-
-
-
43 793
Employee
41 552
-
82 500
-
municipal
248
-
492
-
national
7 022
-
17 431
-
regional
627
-
1 672
-
social contributions
14 011
-
27 819
-
total
21 908
-
47 414
-
Employer
41 552
-
82 500
-
total
-
-
-
-
Corporate
40 948
82 500
-
-
municipal
1 974
3 976
-
-
nationa
9 827
19 800
-
-
total
11 801
23 776
-
-
Dividends
29 147
58 724
-
-
withholding
7 578
15 268
-
-
total
7 578
15 268
-
-
Income
82 500
82 500
82 500
82 500
Total tax
41 287
39 044
47 414
43 793
After tax
41 213
43 456
35 086
38 707
Living cost
19 644
19 644
19 644
19 644
Free-cash
21 569
23 812
15 442
19 063

Estimated living cost  is ₴19644 per week

₴13799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4197
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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