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
₴26457
₴37678
₴28350
₴31994
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 872
surtax

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

-
-
-
1 368
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.

-
-
-
3 420
trade
-
-
-
9 328
total
-
-
-
38 988
Employee

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

19 145
-
82 500
-
surtax

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

29
-
1 368
-
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.

535
-
24 872
-
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.

3 420
-
3 420
-
total
3 984
-
29 660
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 355
82 500
-
-
income
9 503
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.

522
681
-
-
chamber of commerce
167
195
-
-
trade
9 979
12 994
-
-
total
20 171
26 245
-
-
Dividends
43 183
56 255
-
-
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.

583
763
-
-
withholding
10 606
13 873
-
-
total
11 189
14 636
-
-
Income
82 500
82 500
82 500
82 500
Total tax
35 344
40 881
29 660
38 988
After tax
47 156
41 619
52 840
43 512
Living cost
15 162
15 162
15 162
15 162
Free-cash
31 994
26 457
37 678
28 350

Estimated living cost  is ₴15162 per week

₴9537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1768
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3574
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24849
₴22867
₴22220
₴24406
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 967
national
-
-
-
13 895
pensions
-
-
-
9 900
total
-
-
-
33 649
Employee
41 284
-
71 321
-
municipal
5 099
-
9 286
-
pensions
1 651
-
2 853
-
national
7 902
-
14 390
-
total
14 652
-
26 529
-
Employer
41 284
-
71 321
-
pensions
3 303
-
5 706
-
social contributions
444
-
767
-
total
3 747
-
6 473
-
Corporate
34 745
82 500
-
-
income

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

6 949
16 500
-
-
total
6 949
16 500
-
-
Dividends
27 796
66 000
-
-
withholding
6 115
14 520
-
-
total
6 115
14 520
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 463
31 020
33 002
33 649
After tax
51 037
51 480
49 498
48 851
Living cost
26 631
26 631
26 631
26 631
Free-cash
24 406
24 849
22 867
22 220

Estimated living cost  is ₴26631 per week

₴18101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴399
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55586
₴23465
₴17567
₴51480
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 302
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.

-
-
-
19 179
microenterprise
-
-
-
-
total
-
-
-
54 519
Employee
14 627
-
61 377
-
surtax
-
-
8 900
-
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.

1 609
-
6 562
-
income
2 604
-
12 037
-
total
4 213
-
27 499
-
Employer
14 627
-
61 377
-
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.

3 523
-
14 371
-
surtax
-
-
6 751
-
total
3 523
-
21 122
-
Corporate
64 350
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%.

12 870
16 500
-
-
total
12 870
16 500
-
-
Dividends

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

51 480
66 000
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
20 606
16 500
48 621
54 519
After tax
61 894
66 000
33 879
27 981
Living cost
10 414
10 414
10 414
10 414
Free-cash
51 480
55 586
23 465
17 567

Estimated living cost  is ₴10414 per week

₴6644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴992
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19791
₴29959
₴24971
₴16726
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 522
health
-
-
-
6 173
pensions
-
-
-
5 865
total
-
-
-
36 560
Employee
42 746
42 746
73 198
-
pensions
7 694
5 865
5 865
-
income

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

6 997
6 997
10 232
-
health
6 561
5 581
6 173
-
total
21 252
18 443
22 270
-
Employer
42 746
42 746
73 198
-
health
2 971
2 971
3 692
-
pensions
2 975
2 975
3 698
-
unemployment
1 539
1 539
1 912
-
total
7 485
7 485
9 302
-
Corporate
32 793
32 269
-
-
income
6 558
6 454
-
-
total
6 558
6 454
-
-
Dividends
26 235
25 815
-
-
income
5 575
5 486
-
-
withholding
3 935
3 872
-
-
total
9 510
9 358
-
-
Income
82 500
82 500
82 500
82 500
Total tax
44 805
41 740
31 572
36 560
After tax
37 695
40 760
50 928
45 940
Living cost
20 969
20 969
20 969
20 969
Free-cash
16 726
19 791
29 959
24 971

Estimated living cost  is ₴20969 per week

₴14860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24912
₴22136
₴22624
₴24460
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 127
unemployment
-
-
-
44
health
-
-
-
2 753
municipal
-
-
-
20 790
national
-
-
-
6 171
pensions
-
-
-
4 770
total
-
-
-
39 743
Employee
28 688
-
68 636
-
municipal
8 555
-
20 467
-
national
-
-
5 900
-
total
8 555
-
26 367
-
Employer
28 688
-
68 636
-
health
1 764
-
2 714
-
pensions
3 101
-
4 770
-
accident
57
-
88
-
unemployment
757
-
1 165
-
other
3 334
-
5 127
-
total
9 013
-
13 864
-
Corporate
44 798
82 500
-
-
income
9 856
18 150
-
-
total
9 856
18 150
-
-
Dividends
34 943
64 350
-
-
withholding
10 483
19 305
-
-
total
10 483
19 305
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 907
37 455
40 231
39 743
After tax
44 593
45 045
42 269
42 757
Living cost
20 133
20 133
20 133
20 133
Free-cash
24 460
24 912
22 136
22 624

Estimated living cost  is ₴20133 per week

₴13343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1976
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.
₴4508
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21531
₴33176
₴23433
₴28562
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 872
surtax

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

-
-
-
1 368
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.

-
-
-
3 420
trade
-
-
-
9 743
total
-
-
-
39 403
Employee

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

25 384
-
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.

120
-
1 368
-
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.

2 181
-
24 872
-
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.

3 420
-
3 420
-
total
5 721
-
29 660
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 116
82 500
-
-
income
8 567
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.

471
681
-
-
chamber of commerce
158
194
-
-
trade
9 396
13 571
-
-
total
18 592
26 821
-
-
Dividends
38 524
55 678
-
-
surtax

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

520
755
-
-
withholding
9 441
13 729
-
-
total
9 961
14 484
-
-
Income
82 500
82 500
82 500
82 500
Total tax
34 274
41 305
29 660
39 403
After tax
48 226
41 195
52 840
43 097
Living cost
19 664
19 664
19 664
19 664
Free-cash
28 562
21 531
33 176
23 433

Estimated living cost  is ₴19664 per week

₴13151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43967
₴39696
₴40437
₴41891
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 624
social contributions
-
-
-
8 099
health
-
-
-
2 104
total
-
-
-
25 827
Employee
38 491
38 491
76 771
-
social contributions
1 870
3 195
4 309
-
income
4 042
3 563
15 225
-
health
383
654
1 305
-
total
6 295
7 412
20 839
-
Employer
38 491
38 491
76 771
-
health
417
712
1 420
-
social contributions
1 870
3 195
4 309
-
total
2 287
3 907
5 729
-
Corporate
57 682
40 102
-
-
income
7 210
5 013
-
-
total
7 210
5 013
-
-
Dividends
50 472
35 090
-
-
withholding
8 581
5 965
-
-
total
8 581
5 965
-
-
Income
82 500
82 500
82 500
82 500
Total tax
24 373
22 297
26 568
25 827
After tax
58 127
60 203
55 932
56 673
Living cost
16 236
16 236
16 236
16 236
Free-cash
41 891
43 967
39 696
40 437

Estimated living cost  is ₴16236 per week

₴11099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37383
₴38855
₴48182
₴37571
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

12 948
5 153
69 038
-
unemployment
194
77
1 036
-
pensions
1 295
515
6 904
-
income
1 583
630
8 440
-
health
906
361
4 833
-
total
3 978
1 583
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.

12 948
5 153
69 038
-
pensions
2 525
1 005
13 462
-
total
2 525
1 005
13 462
-
Corporate
67 027
76 342
-
-
income
6 032
6 871
-
-
total
6 032
6 871
-
-
Dividends
60 995
69 471
-
-
social contributions
11 835
13 488
-
-
withholding
11 589
13 200
-
-
total
23 424
26 688
-
-
Income
82 500
82 500
82 500
82 500
Total tax
35 959
36 147
34 675
25 348
After tax
46 541
46 353
47 825
57 152
Living cost
8 970
8 970
8 970
8 970
Free-cash
37 571
37 383
38 855
48 182

Estimated living cost  is ₴8970 per week

₴6121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53910
₴35462
₴32130
₴50800
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
14 200
-
61 660
-
unemployment
227
-
987
-
pensions
284
-
1 233
-
income
1 599
-
11 888
-
total
2 110
-
14 108
-
Employer
14 200
-
61 660
-
health
1 846
-
8 015
-
pensions
2 840
-
12 332
-
unemployment
114
-
493
-
total
4 800
-
20 840
-
Corporate
63 500
82 500
-
-
income
12 700
16 500
-
-
total
12 700
16 500
-
-
Dividends
50 800
66 000
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
19 610
16 500
34 948
38 280
After tax
62 890
66 000
47 552
44 220
Living cost
12 090
12 090
12 090
12 090
Free-cash
50 800
53 910
35 462
32 130

Estimated living cost  is ₴12090 per week

₴8293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴720
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4477
₴33412
₴45263
₴4972
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
accident
-
-
-
128
income
-
-
-
22 545
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
26 078
Employee
17 554
-
73 868
-
pensions
1 977
-
3 870
-
income
2 408
-
16 969
-
health
2 010
-
8 458
-
total
6 395
-
29 297
-
Employer
17 554
-
73 868
-
pensions
2 854
-
5 588
-
accident
293
-
1 234
-
unemployment
430
-
1 810
-
total
3 577
-
8 632
-
Corporate
61 368
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.

55 231
74 250
-
-
total
55 231
74 250
-
-
Dividends
6 137
8 250
-
-
withholding
1 166
1 568
-
-
total
1 166
1 568
-
-
Income
82 500
82 500
82 500
82 500
Total tax
66 369
75 818
37 929
26 078
After tax
16 131
6 682
44 571
56 422
Living cost
11 159
11 159
11 159
11 159
Free-cash
4 972
-4 477
33 412
45 263

Estimated living cost  is ₴11159 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
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.
₴2130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴74349
₴61974
₴77649
₴73595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 032
-
82 500
-
income
1 006
-
16 500
-
total
1 006
-
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%.

77 468
82 500
-
-
total
-
-
-
-
Dividends
77 468
82 500
-
-
withholding
3 873
4 125
-
-
total
3 873
4 125
-
-
Income
82 500
82 500
82 500
82 500
Total tax
4 879
4 125
16 500
825
After tax
77 621
78 375
66 000
81 675
Living cost
4 026
4 026
4 026
4 026
Free-cash
73 595
74 349
61 974
77 649

Estimated living cost  is ₴4026 per week

₴2495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47275
₴33557
₴31730
₴43895
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 199
other
-
-
-
3 615
health
-
-
-
3 349
pensions

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

-
-
-
18 269
total
-
-
-
37 432
Employee
18 175
-
65 895
-
unemployment
181
-
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.

1 272
-
4 613
-
income
3 129
-
12 807
-
health
255
-
922
-
total
4 837
-
19 001
-
Employer
18 175
-
65 895
-
health
255
-
922
-
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.

3 090
-
11 202
-
accident
145
-
527
-
unemployment
181
-
659
-
other
909
-
3 294
-
total
4 580
-
16 604
-
Corporate
59 745
82 500
-
-
income
12 546
17 325
-
-
total
12 546
17 325
-
-
Dividends
47 198
65 175
-
-
withholding
3 304
4 562
-
-
total
3 304
4 562
-
-
Income
82 500
82 500
82 500
82 500
Total tax
25 267
21 887
35 605
37 432
After tax
57 233
60 613
46 895
45 068
Living cost
13 338
13 338
13 338
13 338
Free-cash
43 895
47 275
33 557
31 730

Estimated living cost  is ₴13338 per week

₴9424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21060
₴14069
₴21570
₴21330
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 945
pensions
-
-
-
4 399
total
-
-
-
27 344
Employee
47 520
-
72 124
-
pensions
4 584
-
5 455
-
income
8 566
-
17 945
-
health
783
-
1 069
-
total
13 933
-
24 469
-
Employer
47 520
-
72 124
-
health
902
-
1 370
-
pensions
5 611
-
9 006
-
total
6 513
-
10 376
-
Corporate
28 467
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.

5 408
15 675
-
-
total
5 408
15 675
-
-
Dividends
23 059
66 825
-
-
withholding
1 730
12 179
-
-
total
1 730
12 179
-
-
Income
82 500
82 500
82 500
82 500
Total tax
27 584
27 854
34 845
27 344
After tax
54 916
54 646
47 655
55 156
Living cost
33 586
33 586
33 586
33 586
Free-cash
21 330
21 060
14 069
21 570

Estimated living cost  is ₴33586 per week

₴25167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3946
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴63974
₴62069
₴58893
₴61648
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
17 044
Employee
8 690
-
79 070
-
accident

We are using the highest rate at 1.1%.

96
-
192
-
pensions

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

763
-
1 535
-
income
869
-
7 907
-
health
400
-
804
-
total
2 128
-
10 438
-
Employer
8 690
-
79 070
-
health
600
-
1 206
-
pensions

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

958
-
1 927
-
accident

We are using the highest rate at 1.1%.

96
-
192
-
unemployment
52
-
105
-
total
1 706
-
3 430
-
Corporate
72 104
82 500
-
-
income
7 211
8 250
-
-
total
7 211
8 250
-
-
Dividends
64 894
74 250
-
-
withholding
3 244
3 713
-
-
total
3 244
3 713
-
-
Income
82 500
82 500
82 500
82 500
Total tax
14 289
11 963
13 868
17 044
After tax
68 211
70 537
68 632
65 456
Living cost
6 563
6 563
6 563
6 563
Free-cash
61 648
63 974
62 069
58 893

Estimated living cost  is ₴6563 per week

₴3832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴469
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13003
₴23171
₴18183
₴14262
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 522
health
-
-
-
6 173
pensions
-
-
-
5 865
total
-
-
-
36 560
Employee
46 408
42 746
73 198
-
pensions
5 865
5 865
5 865
-
income

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

6 997
6 997
10 232
-
health
5 790
5 581
6 173
-
total
18 652
18 443
22 270
-
Employer
46 408
42 746
73 198
-
health
3 225
2 971
3 692
-
pensions
3 230
2 975
3 698
-
unemployment
1 671
1 539
1 912
-
total
8 126
7 485
9 302
-
Corporate
27 966
32 269
-
-
income
5 593
6 454
-
-
total
5 593
6 454
-
-
Dividends
22 373
25 815
-
-
income
4 754
5 486
-
-
withholding
3 356
3 872
-
-
total
8 110
9 358
-
-
Income
82 500
82 500
82 500
82 500
Total tax
40 481
41 740
31 572
36 560
After tax
42 019
40 760
50 928
45 940
Living cost
27 757
27 757
27 757
27 757
Free-cash
14 262
13 003
23 171
18 183

Estimated living cost  is ₴27757 per week

₴20475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2479
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44544
₴29869
₴33408
₴40172
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 638
solidarity contribution
-
-
-
-
health
-
-
-
11 138
total
-
-
-
36 835
Employee
18 025
-
61 834
-
solidarity contribution
-
-
-
-
social contributions
1 172
-
3 926
-
income
2 163
-
7 434
-
health
2 433
-
8 348
-
total
5 768
-
19 708
-
Employer
18 025
-
61 834
-
health
1 622
-
5 565
-
social contributions
4 506
-
15 101
-
total
6 128
-
20 666
-
Corporate
58 346
82 500
-
-
income
11 086
15 675
-
-
total
11 086
15 675
-
-
Dividends
47 260
66 825
-
-
withholding
7 089
10 024
-
-
total
7 089
10 024
-
-
Income
82 500
82 500
82 500
82 500
Total tax
30 071
25 699
40 374
36 835
After tax
52 429
56 801
42 126
45 665
Living cost
12 257
12 257
12 257
12 257
Free-cash
40 172
44 544
29 869
33 408

Estimated living cost  is ₴12257 per week

₴8514
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
₴22896
₴14912
₴18639
₴20280
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
968
municipal
-
-
-
490
national
-
-
-
20 062
total
-
-
-
42 739
Employee
44 487
-
82 500
-
municipal
236
-
438
-
national
7 709
-
17 356
-
regional
420
-
853
-
social contributions
15 001
-
27 819
-
total
23 366
-
46 466
-
Employer
44 487
-
82 500
-
total
-
-
-
-
Corporate
38 013
82 500
-
-
municipal
1 483
3 217
-
-
nationa
9 123
19 800
-
-
total
10 606
23 017
-
-
Dividends
27 407
59 483
-
-
withholding
7 126
15 465
-
-
total
7 126
15 465
-
-
Income
82 500
82 500
82 500
82 500
Total tax
41 098
38 482
46 466
42 739
After tax
41 402
44 018
36 034
39 761
Living cost
21 122
21 122
21 122
21 122
Free-cash
20 280
22 896
14 912
18 639

Estimated living cost  is ₴21122 per week

₴14724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴40847
₴24948
₴28070
₴39288
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 897
other
-
-
-
-
surtax
-
-
-
3 269
unemployment
-
-
-
114
health
-
-
-
4 743
pensions
-
-
-
13 361
total
-
-
-
43 384
Employee
16 553
-
68 438
-
other
-
-
-
-
unemployment
1 152
-
4 650
-
pensions
1 104
-
4 456
-
surtax
54
-
2 732
-
income
2 775
-
18 903
-
health
423
-
1 703
-
total
5 508
-
32 444
-
Employer
16 553
-
68 438
-
health
753
-
3 040
-
pensions
2 207
-
8 905
-
unemployment
524
-
2 117
-
other
-
-
-
-
total
3 484
-
14 062
-
Corporate
62 462
82 500
-
-
income
16 241
21 450
-
-
total
16 241
21 450
-
-
Dividends
46 222
61 050
-
-
withholding
6 933
9 157
-
-
total
6 933
9 157
-
-
Income
82 500
82 500
82 500
82 500
Total tax
32 166
30 607
46 506
43 384
After tax
50 334
51 893
35 994
39 116
Living cost
11 046
11 046
11 046
11 046
Free-cash
39 288
40 847
24 948
28 070

Estimated living cost  is ₴11046 per week

₴6754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31701
₴24710
₴32211
₴34916
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 945
pensions
-
-
-
4 399
total
-
-
-
27 344
Employee
31 846
-
72 124
-
pensions
2 703
-
5 455
-
income
5 736
-
17 945
-
health
462
-
1 069
-
total
8 901
-
24 469
-
Employer
31 846
-
72 124
-
health
605
-
1 370
-
pensions
3 447
-
9 006
-
total
4 052
-
10 376
-
Corporate
46 601
82 500
-
-
income

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

8 855
15 675
-
-
total
8 855
15 675
-
-
Dividends
37 747
66 825
-
-
withholding
2 831
12 179
-
-
total
2 831
12 179
-
-
Income
82 500
82 500
82 500
82 500
Total tax
24 639
27 854
34 845
27 344
After tax
57 861
54 646
47 655
55 156
Living cost
22 945
22 945
22 945
22 945
Free-cash
34 916
31 701
24 710
32 211

Estimated living cost  is ₴22945 per week

₴17190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1720
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.
₴3795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴1877
₴23663
₴27669
₴15067
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 838
health
-
-
-
185
city
-
-
-
870
national
-
-
-
1 095
pensions
-
-
-
7 591
total
-
-
-
15 229
Employee
46 345
-
73 842
-
unemployment
-
-
-
-
pensions
3 894
-
6 202
-
national
219
-
904
-
regional
1 518
-
3 325
-
city
497
-
793
-
health
105
-
166
-
total
6 233
-
11 390
-
Employer
46 345
-
73 842
-
health
105
-
166
-
pensions
3 894
-
6 202
-
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.

927
-
1 477
-
total
4 926
-
7 845
-
Corporate
30 721
82 500
-
-
regional
6 497
17 449
-
-
national
2 611
7 012
-
-
total
9 108
24 461
-
-
Dividends
21 613
58 039
-
-
withholding
7 564
20 314
-
-
total
7 564
20 314
-
-
Income
82 500
82 500
82 500
82 500
Total tax
27 831
44 775
19 235
15 229
After tax
54 669
37 725
63 265
67 271
Living cost
39 602
39 602
39 602
39 602
Free-cash
15 067
-1 877
23 663
27 669

Estimated living cost  is ₴39602 per week

₴25753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3554
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9809
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴17838
₴29909
₴19752
₴25957
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 872
surtax

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

-
-
-
1 368
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.

-
-
-
3 420
trade
-
-
-
10 157
total
-
-
-
39 817
Employee

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

30 083
-
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.

195
-
1 368
-
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.

3 537
-
24 872
-
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.

3 420
-
3 420
-
total
7 152
-
29 660
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 417
82 500
-
-
income
7 862
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.

432
681
-
-
chamber of commerce
150
192
-
-
trade
8 990
14 149
-
-
total
17 434
27 397
-
-
Dividends
34 983
55 103
-
-
surtax

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

470
748
-
-
withholding
8 556
13 586
-
-
total
9 026
14 334
-
-
Income
82 500
82 500
82 500
82 500
Total tax
33 612
41 731
29 660
39 817
After tax
48 888
40 769
52 840
42 683
Living cost
22 931
22 931
22 931
22 931
Free-cash
25 957
17 838
29 909
19 752

Estimated living cost  is ₴22931 per week

₴16748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4051
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24454
₴28842
₴29458
₴27410
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 446
other
-
-
-
2 557
surtax
-
-
-
-
social contributions
-
-
-
2 351
health
-
-
-
3 311
pensions
-
-
-
15 251
total
-
-
-
35 916
Employee
21 423
-
64 244
-
pensions
2 422
-
4 304
-
surtax
-
-
-
-
social contributions
611
-
1 830
-
income
1 264
-
12 143
-
total
4 297
-
18 277
-
Employer
21 423
-
64 244
-
health
1 500
-
5 750
-
pensions
3 519
-
7 274
-
unemployment
867
-
2 602
-
social contributions
65
-
193
-
other
739
-
2 436
-
total
6 690
-
18 255
-
Corporate
54 387
82 500
-
-
income
15 228
23 100
-
-
surtax
-
-
-
-
total
15 228
23 100
-
-
Dividends
39 159
59 400
-
-
surtax
-
-
-
-
social contributions
6 736
10 217
-
-
withholding
5 013
7 603
-
-
total
11 749
17 820
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 964
40 920
36 532
35 916
After tax
44 536
41 580
45 968
46 584
Living cost
17 126
17 126
17 126
17 126
Free-cash
27 410
24 454
28 842
29 458

Estimated living cost  is ₴17126 per week

₴10799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1393
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26151
₴30539
₴31155
₴28934
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 446
other
-
-
-
2 557
surtax
-
-
-
-
social contributions
-
-
-
2 351
health
-
-
-
3 311
pensions
-
-
-
15 251
total
-
-
-
35 916
Employee
19 123
-
64 244
-
pensions
2 163
-
4 304
-
surtax
-
-
-
-
social contributions
545
-
1 830
-
income
986
-
12 143
-
total
3 694
-
18 277
-
Employer
19 123
-
64 244
-
health
1 338
-
5 750
-
pensions
3 142
-
7 274
-
unemployment
774
-
2 602
-
social contributions
57
-
193
-
other
660
-
2 436
-
total
5 971
-
18 255
-
Corporate
57 405
82 500
-
-
income
16 073
23 100
-
-
surtax
-
-
-
-
total
16 073
23 100
-
-
Dividends
41 331
59 400
-
-
surtax
-
-
-
-
social contributions
7 109
10 217
-
-
withholding
5 290
7 603
-
-
total
12 399
17 820
-
-
Income
82 500
82 500
82 500
82 500
Total tax
38 137
40 920
36 532
35 916
After tax
44 363
41 580
45 968
46 584
Living cost
15 429
15 429
15 429
15 429
Free-cash
28 934
26 151
30 539
31 155

Estimated living cost  is ₴15429 per week

₴8948
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1567
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39718
₴40833
₴42368
₴39978
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 758
total
-
-
-
29 518
Employee
16 972
-
82 500
-
social contributions
2 342
-
11 385
-
income
2 831
-
13 910
-
health
1 185
-
5 758
-
total
6 358
-
31 053
-
Employer
16 972
-
82 500
-
total
-
-
-
-
Corporate
65 528
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%.

3 276
4 125
-
-
total
3 276
4 125
-
-
Dividends
62 252
78 375
-
-
social contributions
8 591
10 816
-
-
withholding
9 338
11 756
-
-
health
4 345
5 471
-
-
total
22 274
28 043
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 908
32 168
31 053
29 518
After tax
50 592
50 332
51 447
52 982
Living cost
10 614
10 614
10 614
10 614
Free-cash
39 978
39 718
40 833
42 368

Estimated living cost  is ₴10614 per week

₴7103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴654
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.
₴2611
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28066
₴4160
₴24689
₴27291
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 382
surtax
-
-
-
99
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
330
health
-
-
-
4 473
pensions
-
-
-
10 819
total
-
-
-
40 173
Employee
25 016
19 948
65 089
-
other
250
199
585
-
unemployment
750
598
1 754
-
pensions
2 562
2 042
5 988
-
income
2 848
1 471
16 905
-
health
968
772
2 263
-
total
7 378
5 082
27 495
-
Employer
25 016
19 948
65 089
-
chamber of commerce
100
80
260
-
health
945
754
2 210
-
pensions
3 139
2 504
7 339
-
accident
325
259
760
-
unemployment
750
598
1 754
-
surtax
99
99
99
-
payroll
750
598
1 953
-
other
1 188
947
3 035
-
total
7 296
5 839
17 410
-
Corporate
50 187
56 712
63 189
-
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.

12 546
14 178
15 797
-
total
12 546
14 178
15 797
-
Dividends
37 641
42 534
-
-
withholding
10 351
11 697
-
-
total
10 351
11 697
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 571
36 796
60 702
40 173
After tax
44 929
45 704
21 798
42 327
Living cost
17 638
17 638
17 638
17 638
Free-cash
27 291
28 066
4 160
24 689

Estimated living cost  is ₴17638 per week

₴11764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1505
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4080
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27900
₴11111
₴17480
₴20394
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
4 201
social contributions
-
-
-
12 480
national
-
-
-
30 088
total
-
-
-
46 769
Employee

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

35 805
-
63 899
-
unemployment

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

312
-
556
-
communal

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

1 868
-
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.

2 685
-
4 792
-
national
11 008
-
22 852
-
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.

1 682
-
3 004
-
total
17 555
-
34 537
-
Employer

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

35 805
-
63 899
-
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.

2 202
-
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.

3 173
-
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.

465
-
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.

522
-
933
-
surtax
4 060
-
7 246
-
total
10 422
-
18 601
-
Corporate
36 272
82 500
-
-
income
7 254
16 500
-
-
surtax
145
330
-
-
total
7 399
16 830
-
-
Dividends
28 872
65 670
-
-
withholding

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

8 479
19 519
-
-
total
8 479
19 519
-
-
Income
82 500
82 500
82 500
82 500
Total tax
43 855
36 349
53 138
46 769
After tax
38 645
46 151
29 362
35 731
Living cost
18 251
18 251
18 251
18 251
Free-cash
20 394
27 900
11 111
17 480

Estimated living cost  is ₴18251 per week

₴11756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1596
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36983
₴26185
₴28284
₴33447
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
418
income
-
-
-
22 219
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
36 139
Employee
24 917
-
67 709
-
other
25
-
47
-
unemployment
387
-
719
-
pensions
1 171
-
2 181
-
income
5 257
-
20 500
-
total
6 840
-
23 447
-
Employer
24 917
-
67 709
-
pensions
5 880
-
10 950
-
accident
493
-
919
-
unemployment
1 371
-
2 551
-
other
199
-
371
-
total
7 943
-
14 791
-
Corporate
49 641
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.

7 446
12 375
-
-
total
7 446
12 375
-
-
Dividends
42 195
70 125
-
-
withholding
8 747
15 065
-
-
total
8 747
15 065
-
-
Income
82 500
82 500
82 500
82 500
Total tax
30 976
27 440
38 238
36 139
After tax
51 524
55 060
44 262
46 361
Living cost
18 077
18 077
18 077
18 077
Free-cash
33 447
36 983
26 185
28 284

Estimated living cost  is ₴18077 per week

₴13312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1282
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21406
₴17511
₴14221
₴15275
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 915
surtax
-
-
-
4 090
health
-
-
-
5 796
pensions
-
-
-
12 366
total
-
-
-
41 076
Employee
37 907
-
73 694
-
pensions
3 032
-
5 895
-
surtax
2 323
-
4 517
-
income
3 661
-
15 290
-
health
1 687
-
3 279
-
total
10 703
-
28 981
-
Employer
37 907
-
73 694
-
health
1 156
-
2 247
-
pensions
3 032
-
5 895
-
accident
341
-
663
-
total
4 529
-
8 805
-
Corporate
40 064
82 500
-
-
communal
2 704
5 568
-
-
income
6 009
12 375
-
-
surtax
421
866
-
-
total
9 134
18 809
-
-
Dividends
30 929
63 690
-
-
income
11 017
5 529
-
-
withholding
4 639
9 553
-
-
total
15 656
15 082
-
-
Income
82 500
82 500
82 500
82 500
Total tax
40 022
33 891
37 786
41 076
After tax
42 478
48 609
44 714
41 424
Living cost
27 203
27 203
27 203
27 203
Free-cash
15 275
21 406
17 511
14 221

Estimated living cost  is ₴27203 per week

₴20406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1648
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.
₴4860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40650
₴24751
₴27873
₴39056
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 897
other
-
-
-
-
surtax
-
-
-
3 269
unemployment
-
-
-
114
health
-
-
-
4 743
pensions
-
-
-
13 361
total
-
-
-
43 384
Employee
16 857
-
68 438
-
other
-
-
-
-
unemployment
1 173
-
4 650
-
pensions
1 125
-
4 456
-
surtax
60
-
2 732
-
income
2 826
-
18 903
-
health
430
-
1 703
-
total
5 614
-
32 444
-
Employer
16 857
-
68 438
-
health
767
-
3 040
-
pensions
2 247
-
8 905
-
unemployment
535
-
2 117
-
other
-
-
-
-
total
3 549
-
14 062
-
Corporate
62 094
82 500
-
-
income
16 145
21 450
-
-
total
16 145
21 450
-
-
Dividends
45 949
61 050
-
-
withholding
6 893
9 157
-
-
total
6 893
9 157
-
-
Income
82 500
82 500
82 500
82 500
Total tax
32 201
30 607
46 506
43 384
After tax
50 299
51 893
35 994
39 116
Living cost
11 243
11 243
11 243
11 243
Free-cash
39 056
40 650
24 751
27 873

Estimated living cost  is ₴11243 per week

₴6788
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.
₴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.
₴3217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29879
₴22293
₴26001
₴28768
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 062
total
-
-
-
43 015
Employee
27 767
-
82 500
-
municipal
147
-
438
-
national
4 399
-
17 356
-
regional
374
-
1 110
-
social contributions
9 363
-
27 819
-
total
14 283
-
46 723
-
Employer
27 767
-
82 500
-
total
-
-
-
-
Corporate
54 733
82 500
-
-
municipal
2 721
4 100
-
-
nationa
13 136
19 800
-
-
total
15 857
23 900
-
-
Dividends
38 876
58 600
-
-
withholding
10 108
15 237
-
-
total
10 108
15 237
-
-
Income
82 500
82 500
82 500
82 500
Total tax
40 248
39 137
46 723
43 015
After tax
42 252
43 363
35 777
39 485
Living cost
13 484
13 484
13 484
13 484
Free-cash
28 768
29 879
22 293
26 001

Estimated living cost  is ₴13484 per week

₴8386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41697
₴27022
₴30561
₴36309
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 638
solidarity contribution
-
-
-
-
health
-
-
-
11 138
total
-
-
-
36 835
Employee
22 212
-
61 834
-
solidarity contribution
-
-
-
-
social contributions
1 444
-
3 926
-
income
2 665
-
7 434
-
health
2 999
-
8 348
-
total
7 108
-
19 708
-
Employer
22 212
-
61 834
-
health
1 999
-
5 565
-
social contributions
5 553
-
15 101
-
total
7 552
-
20 666
-
Corporate
52 736
82 500
-
-
income
10 020
15 675
-
-
total
10 020
15 675
-
-
Dividends
42 716
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
15 104
15 104
15 104
15 104
Free-cash
36 309
41 697
27 022
30 561

Estimated living cost  is ₴15104 per week

₴11232
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
₴29788
₴5857
₴26456
₴29540
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 382
surtax
-
-
-
-
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
330
health
-
-
-
4 473
pensions
-
-
-
10 819
total
-
-
-
40 074
Employee
21 881
19 948
65 181
-
other
218
199
585
-
unemployment
656
598
1 754
-
pensions
2 241
2 042
5 988
-
income
1 949
1 471
16 944
-
health
846
772
2 263
-
total
5 910
5 082
27 534
-
Employer
21 881
19 948
65 181
-
chamber of commerce
87
80
260
-
health
827
754
2 210
-
pensions
2 746
2 504
7 339
-
accident
284
259
760
-
unemployment
656
598
1 754
-
surtax
-
-
-
-
payroll
656
598
1 956
-
other
1 039
947
3 039
-
total
6 295
5 740
17 318
-
Corporate
54 322
56 811
63 281
-
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.

13 581
14 203
15 821
-
total
13 581
14 203
15 821
-
Dividends
40 741
42 608
-
-
withholding
11 204
11 717
-
-
total
11 204
11 717
-
-
Income
82 500
82 500
82 500
82 500
Total tax
36 990
36 742
60 673
40 074
After tax
45 510
45 758
21 827
42 426
Living cost
15 970
15 970
15 970
15 970
Free-cash
29 540
29 788
5 857
26 456

Estimated living cost  is ₴15970 per week

₴9580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1631
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.
₴4474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴72102
₴59727
₴75402
₴70926
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 842
-
82 500
-
income
1 568
-
16 500
-
total
1 568
-
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%.

74 658
82 500
-
-
total
-
-
-
-
Dividends
74 658
82 500
-
-
withholding
3 733
4 125
-
-
total
3 733
4 125
-
-
Income
82 500
82 500
82 500
82 500
Total tax
5 301
4 125
16 500
825
After tax
77 199
78 375
66 000
81 675
Living cost
6 273
6 273
6 273
6 273
Free-cash
70 926
72 102
59 727
75 402

Estimated living cost  is ₴6273 per week

₴4245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43376
₴24969
₴27156
₴39189
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 610
unemployment
-
-
-
123
health
-
-
-
8 118
pensions
-
-
-
15 067
total
-
-
-
41 918
Employee

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

22 135
-
71 385
-
unemployment
31
-
100
-
pensions
3 431
-
11 065
-
income
3 817
-
17 213
-
health
1 430
-
4 612
-
total
8 709
-
32 990
-
Employer

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

22 135
-
71 385
-
health
1 474
-
4 754
-
pensions
1 959
-
6 318
-
unemployment
13
-
43
-
total
3 446
-
11 115
-
Corporate
56 919
82 500
-
-
income
10 815
15 675
-
-
total
10 815
15 675
-
-
Dividends
46 104
66 825
-
-
withholding
6 915
10 023
-
-
total
6 915
10 023
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 885
25 698
44 105
41 918
After tax
52 615
56 802
38 395
40 582
Living cost
13 426
13 426
13 426
13 426
Free-cash
39 189
43 376
24 969
27 156

Estimated living cost  is ₴13426 per week

₴9214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28813
₴54602
₴35634
₴5244
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 656
-
-
-
social contributions
2 514
-
358
-
income
6 762
-
-
-
total
9 276
-
358
-
Employer
30 656
-
-
-
social contributions
43 225
-
6 160
-
total
43 225
-
6 160
-
Corporate
8 620
82 500
-
-
income
1 896
18 150
-
-
total
1 896
18 150
-
-
Dividends
6 723
64 350
-
-
income
1 479
14 157
-
-
total
1 479
14 157
-
-
Income
82 500
82 500
82 500
82 500
Total tax
55 876
32 307
6 518
25 486
After tax
26 624
50 193
75 982
57 014
Living cost
21 380
21 380
21 380
21 380
Free-cash
5 244
28 813
54 602
35 634

Estimated living cost  is ₴21380 per week

₴13872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5224
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31225
₴22591
₴28701
₴30721
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 429
surtax
-
-
-
-
social contributions

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

-
-
-
28 669
total
-
-
-
38 098
Employee
23 022
-
66 667
-
surtax
-
-
-
-
social contributions
2 532
-
7 333
-
income
4 789
-
21 042
-
total
7 321
-
28 375
-
Employer
23 022
-
66 667
-
social contributions
5 468
-
15 833
-
total
5 468
-
15 833
-
Corporate
54 010
82 500
-
-
income
11 342
17 325
-
-
surtax
-
-
-
-
total
11 342
17 325
-
-
Dividends
42 668
65 175
-
-
withholding
11 947
18 249
-
-
total
11 947
18 249
-
-
Income
82 500
82 500
82 500
82 500
Total tax
36 078
35 574
44 208
38 098
After tax
46 422
46 926
38 292
44 402
Living cost
15 701
15 701
15 701
15 701
Free-cash
30 721
31 225
22 591
28 701

Estimated living cost  is ₴15701 per week

₴11748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17404
₴21792
₴22408
₴20846
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 446
other
-
-
-
2 557
surtax
-
-
-
-
social contributions
-
-
-
2 351
health
-
-
-
3 311
pensions
-
-
-
15 251
total
-
-
-
35 916
Employee
31 351
-
64 244
-
pensions
3 546
-
4 304
-
surtax
-
-
-
-
social contributions
893
-
1 830
-
income
2 735
-
12 143
-
total
7 174
-
18 277
-
Employer
31 351
-
64 244
-
health
2 194
-
5 750
-
pensions
5 151
-
7 274
-
unemployment
1 270
-
2 602
-
social contributions
94
-
193
-
other
1 082
-
2 436
-
total
9 791
-
18 255
-
Corporate
41 357
82 500
-
-
income
11 580
23 100
-
-
surtax
-
-
-
-
total
11 580
23 100
-
-
Dividends
29 777
59 400
-
-
surtax
-
-
-
-
social contributions
5 122
10 217
-
-
withholding
3 811
7 603
-
-
total
8 933
17 820
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 478
40 920
36 532
35 916
After tax
45 022
41 580
45 968
46 584
Living cost
24 176
24 176
24 176
24 176
Free-cash
20 846
17 404
21 792
22 408

Estimated living cost  is ₴24176 per week

₴16362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59203
₴48099
₴45908
₴57522
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 395
social contributions
-
-
-
18 150
total
-
-
-
21 545
Employee
16 093
-
71 428
-
income
-
-
3 639
-
social contributions
1 046
-
4 643
-
total
1 046
-
8 282
-
Employer
16 093
-
71 428
-
social contributions
2 494
-
11 072
-
total
2 494
-
11 072
-
Corporate
63 913
82 500
-
-
income
6 391
8 250
-
-
total
6 391
8 250
-
-
Dividends
57 522
74 250
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
9 931
8 250
19 354
21 545
After tax
72 569
74 250
63 146
60 955
Living cost
15 047
15 047
15 047
15 047
Free-cash
57 522
59 203
48 099
45 908

Estimated living cost  is ₴15047 per week

₴9729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴26559
-₴26559
₴24877
-₴26559
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
labour market
-
-
-
6 565
municipal
-
-
-
17 017
national
-
-
-
9 500
pensions
-
-
-
434
total
-
-
-
33 516
Employee
101 748
101 748
101 748
-
municipal
21 667
21 667
21 667
-
labour market
8 128
8 128
8 128
-
pensions
145
145
145
-
national
12 430
12 430
12 430
-
total
42 370
42 370
42 370
-
Employer
101 748
101 748
101 748
-
national
12 452
12 452
12 452
-
labour market
8 140
8 140
8 140
-
pensions
289
289
289
-
municipal
21 701
21 701
21 701
-
total
42 582
42 582
42 582
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
84 952
84 952
84 952
33 516
After tax
-2 452
-2 452
-2 452
48 984
Living cost
24 107
24 107
24 107
24 107
Free-cash
-26 559
-26 559
-26 559
24 877

Estimated living cost  is ₴24107 per week

₴16499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4313
₴33576
₴45427
₴4995
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
22 545
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
26 078
Employee
17 296
-
73 868
-
pensions
1 948
-
3 870
-
income
2 373
-
16 969
-
health
1 980
-
8 458
-
total
6 301
-
29 297
-
Employer
17 296
-
73 868
-
pensions
2 812
-
5 588
-
accident
289
-
1 234
-
unemployment
424
-
1 810
-
total
3 525
-
8 632
-
Corporate
61 680
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.

55 512
74 250
-
-
total
55 512
74 250
-
-
Dividends
6 168
8 250
-
-
withholding
1 172
1 568
-
-
total
1 172
1 568
-
-
Income
82 500
82 500
82 500
82 500
Total tax
66 510
75 818
37 929
26 078
After tax
15 990
6 682
44 571
56 422
Living cost
10 995
10 995
10 995
10 995
Free-cash
4 995
-4 313
33 576
45 427

Estimated living cost  is ₴10995 per week

₴8003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴627
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2159
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32830
₴24421
₴34818
₴33953
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 062
municipal
-
-
-
14 659
national
-
-
-
12 743
total
-
-
-
28 464
Employee
26 336
-
69 403
-
municipal
4 314
-
11 307
-
unemployment
395
-
1 041
-
pensions
1 777
-
4 685
-
national
435
-
7 872
-
health
197
-
860
-
total
7 118
-
25 765
-
Employer
26 336
-
69 403
-
health
202
-
535
-
pensions
4 569
-
12 041
-
accident
27
-
69
-
unemployment
171
-
451
-
total
4 969
-
13 096
-
Corporate
51 195
82 500
-
-
income
10 239
16 500
-
-
total
10 239
16 500
-
-
Dividends

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

30 717
49 500
-
-
municipal
5 529
8 910
-
-
national
1 474
5 042
-
-
total
7 003
13 952
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 329
30 452
38 861
28 464
After tax
53 171
52 048
43 639
54 036
Living cost
19 218
19 218
19 218
19 218
Free-cash
33 953
32 830
24 421
34 818

Estimated living cost  is ₴19218 per week

₴12553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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

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
₴48614
₴44343
₴45084
₴45891
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 624
social contributions
-
-
-
8 099
health
-
-
-
2 104
total
-
-
-
25 827
Employee
38 491
38 491
76 771
-
social contributions
1 455
3 195
4 309
-
income
4 191
3 563
15 225
-
health
298
654
1 305
-
total
5 944
7 412
20 839
-
Employer
38 491
38 491
76 771
-
health
324
712
1 420
-
social contributions
1 455
3 195
4 309
-
total
1 779
3 907
5 729
-
Corporate
63 187
40 102
-
-
income
7 898
5 013
-
-
total
7 898
5 013
-
-
Dividends
55 288
35 090
-
-
withholding
9 399
5 965
-
-
total
9 399
5 965
-
-
Income
82 500
82 500
82 500
82 500
Total tax
25 020
22 297
26 568
25 827
After tax
57 480
60 203
55 932
56 673
Living cost
11 589
11 589
11 589
11 589
Free-cash
45 891
48 614
44 343
45 084

Estimated living cost  is ₴11589 per week

₴6946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1137
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.
₴3251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60371
₴51158
₴61197
₴57824
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 347
unemployment
-
-
-
14
health
-
-
-
1 811
pensions
-
-
-
3 184
total
-
-
-
13 356
Employee

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

11 490
-
77 608
-
unemployment
57
-
237
-
pensions
1 723
-
7 124
-
income
786
-
7 106
-
health
977
-
4 037
-
total
3 543
-
18 504
-
Employer

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

11 490
-
77 608
-
health
494
-
2 042
-
pensions
632
-
2 612
-
unemployment
57
-
237
-
total
1 183
-
4 891
-
Corporate
69 828
82 500
-
-
income
6 285
7 425
-
-
total
6 285
7 425
-
-
Dividends
63 543
75 075
-
-
withholding
5 718
6 757
-
-
total
5 718
6 757
-
-
Income
82 500
82 500
82 500
82 500
Total tax
16 729
14 182
23 395
13 356
After tax
65 771
68 318
59 105
69 144
Living cost
7 947
7 947
7 947
7 947
Free-cash
57 824
60 371
51 158
61 197

Estimated living cost  is ₴7947 per week

₴5071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41295
₴30497
₴32596
₴39084
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
418
income
-
-
-
22 219
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
36 139
Employee
18 509
-
67 709
-
other
18
-
47
-
unemployment
287
-
719
-
pensions
870
-
2 181
-
income
3 568
-
20 500
-
total
4 743
-
23 447
-
Employer
18 509
-
67 709
-
pensions
4 368
-
10 950
-
accident
367
-
919
-
unemployment
1 018
-
2 551
-
other
148
-
371
-
total
5 901
-
14 791
-
Corporate
58 090
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.

8 714
12 375
-
-
total
8 714
12 375
-
-
Dividends
49 377
70 125
-
-
withholding
10 293
15 065
-
-
total
10 293
15 065
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 651
27 440
38 238
36 139
After tax
52 849
55 060
44 262
46 361
Living cost
13 765
13 765
13 765
13 765
Free-cash
39 084
41 295
30 497
32 596

Estimated living cost  is ₴13765 per week

₴9291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1323
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.
₴2910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50469
₴51948
₴52020
₴50303
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 196
health
-
-
-
535
pensions
-
-
-
738
total
-
-
-
29 469
Employee
1 540
-
81 670
-
unemployment
15
-
37
-
pensions
139
-
332
-
income
298
-
28 158
-
health
77
-
184
-
total
529
-
28 711
-
Employer
1 540
-
81 670
-
health
146
-
350
-
pensions
169
-
406
-
unemployment
31
-
74
-
total
346
-
830
-
Corporate
80 613
82 500
-
-
income
17 735
18 150
-
-
total
17 735
18 150
-
-
Dividends
62 878
64 350
-
-
withholding
12 576
12 870
-
-
total
12 576
12 870
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 186
31 020
29 541
29 469
After tax
51 314
51 480
52 959
53 031
Living cost
1 011
1 011
1 011
1 011
Free-cash
50 303
50 469
51 948
52 020

Estimated living cost  is ₴1011 per week

₴601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50945
₴41315
₴41316
₴48482
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 533
unemployment
-
-
-
555
health
-
-
-
3 812
pensions
-
-
-
9 623
total
-
-
-
32 523
Employee

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

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

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

13 060
-
75 875
-
unemployment
98
-
278
-
pensions
1 828
-
5 182
-
income
1 800
-
18 533
-
health
673
-
1 906
-
total
4 399
-
25 899
-
Employer

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

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

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

13 060
-
75 875
-
health
673
-
1 906
-
pensions
1 567
-
4 441
-
unemployment
98
-
278
-
total
2 338
-
6 625
-
Corporate
67 102
82 500
-
-
income
10 065
12 375
-
-
total
10 065
12 375
-
-
Dividends
57 037
70 125
-
-
withholding
8 555
10 519
-
-
total
8 555
10 519
-
-
Income
82 500
82 500
82 500
82 500
Total tax
25 357
22 894
32 524
32 523
After tax
57 143
59 606
49 976
49 977
Living cost
8 661
8 661
8 661
8 661
Free-cash
48 482
50 945
41 315
41 316

Estimated living cost  is ₴8661 per week

₴5832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴33431
₴24797
₴30907
₴33250
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 429
surtax
-
-
-
-
social contributions

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

-
-
-
28 669
total
-
-
-
38 098
Employee
19 428
-
66 667
-
surtax
-
-
-
-
social contributions
2 137
-
7 333
-
income
3 796
-
21 042
-
total
5 933
-
28 375
-
Employer
19 428
-
66 667
-
social contributions
4 614
-
15 833
-
total
4 614
-
15 833
-
Corporate
58 458
82 500
-
-
income
12 277
17 325
-
-
surtax
-
-
-
-
total
12 277
17 325
-
-
Dividends
46 182
65 175
-
-
withholding
12 931
18 249
-
-
total
12 931
18 249
-
-
Income
82 500
82 500
82 500
82 500
Total tax
35 755
35 574
44 208
38 098
After tax
46 745
46 926
38 292
44 402
Living cost
13 495
13 495
13 495
13 495
Free-cash
33 250
33 431
24 797
30 907

Estimated living cost  is ₴13495 per week

₴9558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴938
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.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37468
₴26670
₴28769
₴34102
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
418
income
-
-
-
22 219
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
36 139
Employee
24 175
-
67 709
-
other
24
-
47
-
unemployment
374
-
719
-
pensions
1 136
-
2 181
-
income
5 049
-
20 500
-
total
6 583
-
23 447
-
Employer
24 175
-
67 709
-
pensions
5 705
-
10 950
-
accident
479
-
919
-
unemployment
1 330
-
2 551
-
other
194
-
371
-
total
7 708
-
14 791
-
Corporate
50 618
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.

7 593
12 375
-
-
total
7 593
12 375
-
-
Dividends
43 025
70 125
-
-
withholding
8 922
15 065
-
-
total
8 922
15 065
-
-
Income
82 500
82 500
82 500
82 500
Total tax
30 806
27 440
38 238
36 139
After tax
51 694
55 060
44 262
46 361
Living cost
17 592
17 592
17 592
17 592
Free-cash
34 102
37 468
26 670
28 769

Estimated living cost  is ₴17592 per week

₴12634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61926
₴60021
₴56845
₴58877
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
17 044
Employee
11 402
-
79 070
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
pensions

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

1 001
-
1 535
-
income
1 140
-
7 907
-
health
525
-
804
-
total
2 791
-
10 438
-
Employer
11 402
-
79 070
-
health
787
-
1 206
-
pensions

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

1 256
-
1 927
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
unemployment
68
-
105
-
total
2 236
-
3 430
-
Corporate
68 861
82 500
-
-
income
6 886
8 250
-
-
total
6 886
8 250
-
-
Dividends
61 974
74 250
-
-
withholding
3 099
3 713
-
-
total
3 099
3 713
-
-
Income
82 500
82 500
82 500
82 500
Total tax
15 012
11 963
13 868
17 044
After tax
67 488
70 537
68 632
65 456
Living cost
8 611
8 611
8 611
8 611
Free-cash
58 877
61 926
60 021
56 845

Estimated living cost  is ₴8611 per week

₴5695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴493
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23142
₴33515
₴25016
₴29691
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 872
surtax

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

-
-
-
1 368
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.

-
-
-
3 420
trade
-
-
-
8 499
total
-
-
-
38 159
Employee

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

24 906
-
82 500
-
surtax

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

113
-
1 368
-
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.

2 048
-
24 872
-
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.

3 420
-
3 420
-
total
5 581
-
29 660
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 594
82 500
-
-
income
8 639
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.

475
681
-
-
chamber of commerce
161
197
-
-
trade
8 265
11 839
-
-
total
17 540
25 092
-
-
Dividends
40 054
57 408
-
-
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.

540
779
-
-
withholding
9 823
14 162
-
-
total
10 363
14 941
-
-
Income
82 500
82 500
82 500
82 500
Total tax
33 484
40 033
29 660
38 159
After tax
49 016
42 467
52 840
44 341
Living cost
19 325
19 325
19 325
19 325
Free-cash
29 691
23 142
33 515
25 016

Estimated living cost  is ₴19325 per week

₴13331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29236
₴15627
₴15627
₴30342
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 726
social contributions
-
-
-
13 633
total
-
-
-
38 359
Employee
39 155
-
82 500
-
income
7 388
-
24 726
-
social contributions
3 253
-
13 633
-
total
10 641
-
38 359
-
Employer
39 155
-
82 500
-
total
-
-
-
-
Corporate
43 345
82 500
-
-
income
5 418
10 312
-
-
total
5 418
10 312
-
-
Dividends
37 927
72 188
-
-
withholding
7 585
14 438
-
-
total
7 585
14 438
-
-
Income
82 500
82 500
82 500
82 500
Total tax
23 644
24 750
38 359
38 359
After tax
58 856
57 750
44 141
44 141
Living cost
28 514
28 514
28 514
28 514
Free-cash
30 342
29 236
15 627
15 627

Estimated living cost  is ₴28514 per week

₴21693
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
₴32810
₴40834
₴47052
₴34557
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 249
health

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

-
-
-
3 028
total
-
-
-
17 277
Employee
22 963
-
80 197
-
income
2 492
-
18 890
-
social contributions
2 301
-
2 303
-
total
4 793
-
21 193
-
Employer
22 963
-
80 197
-
social contributions
2 301
-
2 303
-
total
2 301
-
2 303
-
Corporate
57 237
82 500
-
-
income
20 033
28 875
-
-
total
20 033
28 875
-
-
Dividends
37 204
53 625
-
-
social contributions
2 645
2 645
-
-
total
2 645
2 645
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 772
31 520
23 496
17 277
After tax
52 728
50 980
59 004
65 223
Living cost
18 170
18 170
18 170
18 170
Free-cash
34 557
32 810
40 834
47 052

Estimated living cost  is ₴18170 per week

₴11969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35992
₴29001
₴36502
₴38966
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 945
pensions
-
-
-
4 399
total
-
-
-
27 344
Employee
25 605
-
72 124
-
pensions
1 954
-
5 455
-
income
4 663
-
17 945
-
health
334
-
1 069
-
total
6 951
-
24 469
-
Employer
25 605
-
72 124
-
health
487
-
1 370
-
pensions
2 587
-
9 006
-
total
3 074
-
10 376
-
Corporate
53 822
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.

10 226
15 675
-
-
total
10 226
15 675
-
-
Dividends
43 595
66 825
-
-
withholding
4 629
12 179
-
-
total
4 629
12 179
-
-
Income
82 500
82 500
82 500
82 500
Total tax
24 880
27 854
34 845
27 344
After tax
57 620
54 646
47 655
55 156
Living cost
18 654
18 654
18 654
18 654
Free-cash
38 966
35 992
29 001
36 502

Estimated living cost  is ₴18654 per week

₴12796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1715
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.
₴3907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5401
₴32488
₴44339
₴4829
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
22 545
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
26 078
Employee
19 008
-
73 868
-
pensions
2 140
-
3 870
-
income
2 608
-
16 969
-
health
2 176
-
8 458
-
total
6 924
-
29 297
-
Employer
19 008
-
73 868
-
pensions
3 091
-
5 588
-
accident
317
-
1 234
-
unemployment
466
-
1 810
-
total
3 874
-
8 632
-
Corporate
59 619
82 500
-
-
income

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

53 657
74 250
-
-
total
53 657
74 250
-
-
Dividends
5 962
8 250
-
-
withholding
1 133
1 568
-
-
total
1 133
1 568
-
-
Income
82 500
82 500
82 500
82 500
Total tax
65 588
75 818
37 929
26 078
After tax
16 912
6 682
44 571
56 422
Living cost
12 083
12 083
12 083
12 083
Free-cash
4 829
-5 401
32 488
44 339

Estimated living cost  is ₴12083 per week

₴8868
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴704
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2268
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴62660
₴51210
₴40198
₴60317
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 516
unemployment
-
-
-
961
work injury
-
-
-
400
health insurance
-
-
-
5 926
pensions
-
-
-
14 735
total
-
-
-
35 538
Employee

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

10 822
-
82 500
-
health insurance
801
-
2 963
-
unemployment
130
-
480
-
work injury
54
-
200
-
pensions
1 991
-
7 367
-
income
1 082
-
13 516
-
total
4 058
-
24 526
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 678
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%.

717
825
-
-
total
717
825
-
-
Dividends
70 961
81 675
-
-
withholding
10 644
12 251
-
-
total
10 644
12 251
-
-
Income
82 500
82 500
82 500
82 500
Total tax
15 419
13 076
24 526
35 538
After tax
67 081
69 424
57 974
46 962
Living cost
6 764
6 764
6 764
6 764
Free-cash
60 317
62 660
51 210
40 198

Estimated living cost  is ₴6764 per week

₴4190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
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.
₴1871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23515
₴15222
₴18843
₴21236
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 883
municipal
-
-
-
552
national
-
-
-
20 062
total
-
-
-
43 716
Employee
42 180
-
82 500
-
municipal
252
-
492
-
national
7 128
-
17 356
-
regional
637
-
1 670
-
social contributions
14 223
-
27 819
-
total
22 240
-
47 337
-
Employer
42 180
-
82 500
-
total
-
-
-
-
Corporate
40 320
82 500
-
-
municipal
1 944
3 976
-
-
nationa
9 677
19 800
-
-
total
11 621
23 776
-
-
Dividends
28 699
58 724
-
-
withholding
7 462
15 268
-
-
total
7 462
15 268
-
-
Income
82 500
82 500
82 500
82 500
Total tax
41 323
39 044
47 337
43 716
After tax
41 177
43 456
35 163
38 784
Living cost
19 941
19 941
19 941
19 941
Free-cash
21 236
23 515
15 222
18 843

Estimated living cost  is ₴19941 per week

₴14007
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.
₴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.
₴4260
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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