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
₴ 84500
per

Your estimated
City
free-cash

Dresden , Germany
₴27670
₴38906
₴29212
₴33131
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
84 500
income

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

-
-
-
25 848
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.

-
-
-
1 422
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.

-
-
-
3 372
trade
-
-
-
9 694
total
-
-
-
40 336
Employee

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

18 881
-
84 500
-
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
-
1 422
-
income

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

527
-
25 848
-
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.

3 372
-
3 372
-
total
3 928
-
30 642
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 619
84 500
-
-
income
9 843
12 675
-
-
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.

541
697
-
-
chamber of commerce
170
197
-
-
trade
10 335
13 309
-
-
total
20 889
26 878
-
-
Dividends
44 730
57 623
-
-
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.

605
782
-
-
withholding
10 995
14 218
-
-
total
11 600
15 000
-
-
Income
84 500
84 500
84 500
84 500
Total tax
36 417
41 878
30 642
40 336
After tax
48 083
42 622
53 858
44 164
Living cost
14 952
14 952
14 952
14 952
Free-cash
33 131
27 670
38 906
29 212

Estimated living cost  is ₴14952 per week

₴9405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3524
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26513
₴24418
₴23755
₴26077
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
social contributions
-
-
-
908
municipal
-
-
-
9 210
national
-
-
-
14 272
pensions
-
-
-
10 140
total
-
-
-
34 530
Employee
40 639
-
73 049
-
municipal
5 020
-
9 537
-
pensions
1 626
-
2 922
-
national
7 778
-
14 779
-
total
14 424
-
27 238
-
Employer
40 639
-
73 049
-
pensions
3 251
-
5 844
-
social contributions
437
-
785
-
total
3 688
-
6 629
-
Corporate
37 491
84 500
-
-
income

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

7 498
16 900
-
-
total
7 498
16 900
-
-
Dividends
29 993
67 600
-
-
withholding
6 598
14 872
-
-
total
6 598
14 872
-
-
Income
84 500
84 500
84 500
84 500
Total tax
32 208
31 772
33 867
34 530
After tax
52 292
52 728
50 633
49 970
Living cost
26 215
26 215
26 215
26 215
Free-cash
26 077
26 513
24 418
23 755

Estimated living cost  is ₴26215 per week

₴17818
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57330
₴24907
₴18678
₴53280
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
84 500
income
-
-
-
15 091
surtax
-
-
-
21 547
social contributions

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

-
-
-
18 914
microenterprise
-
-
-
-
total
-
-
-
55 552
Employee
14 425
-
63 358
-
surtax
-
-
9 187
-
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.

1 587
-
6 471
-
income
2 568
-
12 522
-
total
4 155
-
28 180
-
Employer
14 425
-
63 358
-
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.

3 475
-
14 173
-
surtax
-
-
6 970
-
total
3 475
-
21 143
-
Corporate
66 601
84 500
-
-
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%.

13 320
16 900
-
-
total
13 320
16 900
-
-
Dividends

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

53 281
67 600
-
-
total
-
-
-
-
Income
84 500
84 500
84 500
84 500
Total tax
20 950
16 900
49 323
55 552
After tax
63 550
67 600
35 177
28 948
Living cost
10 270
10 270
10 270
10 270
Free-cash
53 280
57 330
24 907
18 678

Estimated living cost  is ₴10270 per week

₴6552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴978
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.
₴2507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21118
₴31847
₴26142
₴18095
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
25 807
health
-
-
-
6 087
pensions
-
-
-
5 784
total
-
-
-
37 678
Employee
42 155
42 155
75 326
-
pensions
7 588
5 784
5 784
-
income

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

6 900
6 900
10 928
-
health
6 470
5 504
6 087
-
total
20 958
18 188
22 799
-
Employer
42 155
42 155
75 326
-
health
2 930
2 930
3 641
-
pensions
2 934
2 934
3 647
-
unemployment
1 518
1 518
1 886
-
total
7 382
7 382
9 174
-
Corporate
35 480
34 963
-
-
income
7 096
6 992
-
-
total
7 096
6 992
-
-
Dividends
28 384
27 970
-
-
income
6 031
5 944
-
-
withholding
4 258
4 196
-
-
total
10 289
10 140
-
-
Income
84 500
84 500
84 500
84 500
Total tax
45 725
42 702
31 973
37 678
After tax
38 775
41 798
52 527
46 822
Living cost
20 680
20 680
20 680
20 680
Free-cash
18 095
21 118
31 847
26 142

Estimated living cost  is ₴20680 per week

₴14655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25912
₴22969
₴23459
₴25457
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
accident
-
-
-
89
other
-
-
-
5 151
unemployment
-
-
-
44
health
-
-
-
2 766
municipal
-
-
-
21 369
national
-
-
-
6 605
pensions
-
-
-
4 792
total
-
-
-
40 816
Employee
28 819
-
70 573
-
municipal
8 594
-
21 045
-
national
-
-
6 333
-
total
8 594
-
27 378
-
Employer
28 819
-
70 573
-
health
1 772
-
2 726
-
pensions
3 115
-
4 792
-
accident
58
-
89
-
unemployment
761
-
1 170
-
other
3 349
-
5 151
-
total
9 055
-
13 928
-
Corporate
46 626
84 500
-
-
income
10 258
18 590
-
-
total
10 258
18 590
-
-
Dividends
36 369
65 910
-
-
withholding
10 911
19 773
-
-
total
10 911
19 773
-
-
Income
84 500
84 500
84 500
84 500
Total tax
38 818
38 363
41 306
40 816
After tax
45 682
46 137
43 194
43 684
Living cost
20 225
20 225
20 225
20 225
Free-cash
25 457
25 912
22 969
23 459

Estimated living cost  is ₴20225 per week

₴13404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1985
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4529
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22795
₴34465
₴24340
₴29732
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
84 500
income

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

-
-
-
25 848
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.

-
-
-
1 422
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.

-
-
-
3 372
trade
-
-
-
10 125
total
-
-
-
40 767
Employee

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

25 034
-
84 500
-
surtax

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

118
-
1 422
-
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.

2 151
-
25 848
-
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.

3 372
-
3 372
-
total
5 641
-
30 642
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 466
84 500
-
-
income
8 920
12 675
-
-
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.

491
697
-
-
chamber of commerce
159
195
-
-
trade
9 782
13 900
-
-
total
19 352
27 467
-
-
Dividends
40 114
57 033
-
-
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.

541
774
-
-
withholding
9 841
14 071
-
-
total
10 382
14 845
-
-
Income
84 500
84 500
84 500
84 500
Total tax
35 375
42 312
30 642
40 767
After tax
49 125
42 188
53 858
43 733
Living cost
19 393
19 393
19 393
19 393
Free-cash
29 732
22 795
34 465
24 340

Estimated living cost  is ₴19393 per week

₴12970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2045
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45641
₴41118
₴41867
₴43592
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
16 480
social contributions
-
-
-
7 987
health
-
-
-
2 155
total
-
-
-
26 622
Employee
37 959
37 959
78 793
-
social contributions
1 845
3 150
4 249
-
income
3 986
3 514
16 075
-
health
378
645
1 340
-
total
6 209
7 309
21 664
-
Employer
37 959
37 959
78 793
-
health
411
703
1 458
-
social contributions
1 845
3 150
4 249
-
total
2 256
3 853
5 707
-
Corporate
60 025
42 688
-
-
income
7 503
5 336
-
-
total
7 503
5 336
-
-
Dividends
52 522
37 352
-
-
withholding
8 929
6 350
-
-
total
8 929
6 350
-
-
Income
84 500
84 500
84 500
84 500
Total tax
24 897
22 848
27 371
26 622
After tax
59 603
61 652
57 129
57 878
Living cost
16 011
16 011
16 011
16 011
Free-cash
43 592
45 641
41 118
41 867

Estimated living cost  is ₴16011 per week

₴10945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1251
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38417
₴39927
₴49479
₴38605
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
10 330
unemployment
-
-
-
1 268
health
-
-
-
5 915
pensions
-
-
-
8 450
total
-
-
-
25 963
Employee

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

The minimum wage is 138,000 HUF per month.

13 076
5 204
70 711
-
unemployment
196
78
1 061
-
pensions
1 308
520
7 071
-
income
1 599
636
8 644
-
health
915
364
4 950
-
total
4 018
1 598
21 726
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 076
5 204
70 711
-
pensions
2 550
1 015
13 789
-
total
2 550
1 015
13 789
-
Corporate
68 874
78 281
-
-
income
6 199
7 045
-
-
total
6 199
7 045
-
-
Dividends
62 676
71 236
-
-
social contributions
12 162
13 832
-
-
withholding
11 908
13 535
-
-
total
24 070
27 367
-
-
Income
84 500
84 500
84 500
84 500
Total tax
36 837
37 025
35 515
25 963
After tax
47 663
47 475
48 985
58 537
Living cost
9 058
9 058
9 058
9 058
Free-cash
38 605
38 417
39 927
49 479

Estimated living cost  is ₴9058 per week

₴6182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55677
₴36781
₴33369
₴52610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
11 323
health
-
-
-
10 985
pensions
-
-
-
16 900
total
-
-
-
39 208
Employee
14 004
-
63 153
-
unemployment
224
-
1 011
-
pensions
280
-
1 263
-
income
1 577
-
12 176
-
total
2 081
-
14 450
-
Employer
14 004
-
63 153
-
health
1 820
-
8 210
-
pensions
2 801
-
12 631
-
unemployment
112
-
505
-
total
4 733
-
21 346
-
Corporate
65 762
84 500
-
-
income
13 153
16 900
-
-
total
13 153
16 900
-
-
Dividends
52 610
67 600
-
-
total
-
-
-
-
Income
84 500
84 500
84 500
84 500
Total tax
19 967
16 900
35 796
39 208
After tax
64 533
67 600
48 704
45 292
Living cost
11 923
11 923
11 923
11 923
Free-cash
52 610
55 677
36 781
33 369

Estimated living cost  is ₴11923 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴710
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.
₴2795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4150
₴34779
₴46783
₴5158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
accident
-
-
-
126
income
-
-
-
23 242
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
26 722
Employee
17 295
-
75 868
-
pensions
1 947
-
3 813
-
income
2 373
-
17 594
-
health
1 980
-
8 687
-
total
6 300
-
30 094
-
Employer
17 295
-
75 868
-
pensions
2 812
-
5 506
-
accident
289
-
1 267
-
unemployment
424
-
1 859
-
total
3 525
-
8 632
-
Corporate
63 680
84 500
-
-
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.

57 312
76 050
-
-
total
57 312
76 050
-
-
Dividends
6 368
8 450
-
-
withholding
1 210
1 605
-
-
total
1 210
1 605
-
-
Income
84 500
84 500
84 500
84 500
Total tax
68 347
77 655
38 726
26 722
After tax
16 153
6 845
45 774
57 778
Living cost
10 995
10 995
10 995
10 995
Free-cash
5 158
-4 150
34 779
46 783

Estimated living cost  is ₴10995 per week

₴8058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴609
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2098
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴76280
₴63605
₴79660
₴75531
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
84 500
microenterprise

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

-
-
-
845
total
-
-
-
845
Employee
4 994
-
84 500
-
income
999
-
16 900
-
total
999
-
16 900
-
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%.

79 506
84 500
-
-
total
-
-
-
-
Dividends
79 506
84 500
-
-
withholding
3 975
4 225
-
-
total
3 975
4 225
-
-
Income
84 500
84 500
84 500
84 500
Total tax
4 974
4 225
16 900
845
After tax
79 526
80 275
67 600
83 655
Living cost
3 995
3 995
3 995
3 995
Free-cash
75 531
76 280
63 605
79 660

Estimated living cost  is ₴3995 per week

₴2476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴332
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48928
₴34798
₴33647
₴45595
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
12 815
other
-
-
-
3 565
health
-
-
-
3 303
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.

-
-
-
18 016
total
-
-
-
37 699
Employee
17 924
-
67 493
-
unemployment
179
-
674
-
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.

1 254
-
4 724
-
income
3 086
-
13 198
-
health
251
-
945
-
total
4 770
-
19 541
-
Employer
17 924
-
67 493
-
health
251
-
945
-
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.

3 047
-
11 474
-
accident
143
-
540
-
unemployment
179
-
674
-
other
897
-
3 374
-
total
4 517
-
17 007
-
Corporate
62 059
84 500
-
-
income
13 033
17 745
-
-
total
13 033
17 745
-
-
Dividends
49 026
66 755
-
-
withholding
3 431
4 673
-
-
total
3 431
4 673
-
-
Income
84 500
84 500
84 500
84 500
Total tax
25 751
22 418
36 548
37 699
After tax
58 749
62 082
47 952
46 801
Living cost
13 154
13 154
13 154
13 154
Free-cash
45 595
48 928
34 798
33 647

Estimated living cost  is ₴13154 per week

₴9294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and 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 Bratislava model

Close
London , United Kingdom
₴22705
₴15704
₴23363
₴23756
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
23 945
pensions
-
-
-
4 376
total
-
-
-
28 321
Employee
46 430
-
73 833
-
pensions
4 479
-
5 397
-
income
8 369
-
18 839
-
health
765
-
1 078
-
total
13 613
-
25 314
-
Employer
46 430
-
73 833
-
health
882
-
1 403
-
pensions
5 482
-
9 263
-
total
6 364
-
10 666
-
Corporate
31 706
84 500
-
-
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.

6 025
16 055
-
-
total
6 025
16 055
-
-
Dividends
25 682
68 445
-
-
withholding
1 926
12 924
-
-
total
1 926
12 924
-
-
Income
84 500
84 500
84 500
84 500
Total tax
27 928
28 979
35 980
28 321
After tax
56 572
55 521
48 520
56 179
Living cost
32 816
32 816
32 816
32 816
Free-cash
23 756
22 705
15 704
23 363

Estimated living cost  is ₴32816 per week

₴24590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴65766
₴64020
₴60734
₴63471
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
12 675
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
17 285
Employee
8 582
-
81 112
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
pensions

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

754
-
1 516
-
income
858
-
8 111
-
health
395
-
794
-
total
2 101
-
10 611
-
Employer
8 582
-
81 112
-
health
592
-
1 191
-
pensions

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

946
-
1 903
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
unemployment
51
-
104
-
total
1 683
-
3 388
-
Corporate
74 234
84 500
-
-
income
7 423
8 450
-
-
total
7 423
8 450
-
-
Dividends
66 811
76 050
-
-
withholding
3 341
3 803
-
-
total
3 341
3 803
-
-
Income
84 500
84 500
84 500
84 500
Total tax
14 548
12 253
13 999
17 285
After tax
69 952
72 247
70 501
67 215
Living cost
6 481
6 481
6 481
6 481
Free-cash
63 471
65 766
64 020
60 734

Estimated living cost  is ₴6481 per week

₴3784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14425
₴25154
₴19449
₴15668
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
25 807
health
-
-
-
6 087
pensions
-
-
-
5 784
total
-
-
-
37 678
Employee
45 767
42 155
75 326
-
pensions
5 784
5 784
5 784
-
income

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

6 900
6 900
10 928
-
health
5 710
5 504
6 087
-
total
18 394
18 188
22 799
-
Employer
45 767
42 155
75 326
-
health
3 180
2 930
3 641
-
pensions
3 185
2 934
3 647
-
unemployment
1 648
1 518
1 886
-
total
8 013
7 382
9 174
-
Corporate
30 719
34 963
-
-
income
6 143
6 992
-
-
total
6 143
6 992
-
-
Dividends
24 576
27 970
-
-
income
5 223
5 944
-
-
withholding
3 686
4 196
-
-
total
8 909
10 140
-
-
Income
84 500
84 500
84 500
84 500
Total tax
41 459
42 702
31 973
37 678
After tax
43 041
41 798
52 527
46 822
Living cost
27 373
27 373
27 373
27 373
Free-cash
15 668
14 425
25 154
19 449

Estimated living cost  is ₴27373 per week

₴20192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2445
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴45911
₴31198
₴34857
₴41534
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
8 316
social contributions
-
-
-
17 652
solidarity contribution
-
-
-
-
health
-
-
-
11 408
total
-
-
-
37 376
Employee
18 040
-
63 658
-
solidarity contribution
-
-
-
-
social contributions
1 173
-
3 929
-
income
2 165
-
7 670
-
health
2 435
-
8 594
-
total
5 773
-
20 193
-
Employer
18 040
-
63 658
-
health
1 624
-
5 729
-
social contributions
4 510
-
15 113
-
total
6 134
-
20 842
-
Corporate
60 326
84 500
-
-
income
11 462
16 055
-
-
total
11 462
16 055
-
-
Dividends
48 864
68 445
-
-
withholding
7 330
10 267
-
-
total
7 330
10 267
-
-
Income
84 500
84 500
84 500
84 500
Total tax
30 699
26 322
41 035
37 376
After tax
53 801
58 178
43 465
47 124
Living cost
12 267
12 267
12 267
12 267
Free-cash
41 534
45 911
31 198
34 857

Estimated living cost  is ₴12267 per week

₴8521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
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.
₴2632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24254
₴15882
₴19699
₴21677
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
social contributions
-
-
-
21 733
regional
-
-
-
995
municipal
-
-
-
502
national
-
-
-
20 741
total
-
-
-
43 971
Employee
43 872
-
84 500
-
municipal
232
-
448
-
national
7 602
-
17 969
-
regional
414
-
878
-
social contributions
14 794
-
28 493
-
total
23 042
-
47 788
-
Employer
43 872
-
84 500
-
total
-
-
-
-
Corporate
40 628
84 500
-
-
municipal
1 584
3 296
-
-
nationa
9 751
20 280
-
-
total
11 335
23 576
-
-
Dividends
29 293
60 925
-
-
withholding
7 616
15 840
-
-
total
7 616
15 840
-
-
Income
84 500
84 500
84 500
84 500
Total tax
41 993
39 416
47 788
43 971
After tax
42 507
45 084
36 712
40 529
Living cost
20 830
20 830
20 830
20 830
Free-cash
21 677
24 254
15 882
19 699

Estimated living cost  is ₴20830 per week

₴14520
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.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42258
₴26095
₴29127
₴40722
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
23 008
other
-
-
-
-
surtax
-
-
-
3 506
unemployment
-
-
-
112
health
-
-
-
4 677
pensions
-
-
-
13 177
total
-
-
-
44 480
Employee
16 325
-
70 632
-
other
-
-
-
-
unemployment
1 136
-
4 586
-
pensions
1 089
-
4 394
-
surtax
53
-
2 929
-
income
2 736
-
20 055
-
health
417
-
1 680
-
total
5 431
-
33 644
-
Employer
16 325
-
70 632
-
health
743
-
2 998
-
pensions
2 176
-
8 782
-
unemployment
517
-
2 088
-
other
-
-
-
-
total
3 436
-
13 868
-
Corporate
64 739
84 500
-
-
income
16 832
21 970
-
-
total
16 832
21 970
-
-
Dividends
47 907
62 530
-
-
withholding
7 186
9 379
-
-
total
7 186
9 379
-
-
Income
84 500
84 500
84 500
84 500
Total tax
32 885
31 349
47 512
44 480
After tax
51 615
53 151
36 988
40 020
Living cost
10 893
10 893
10 893
10 893
Free-cash
40 722
42 258
26 095
29 127

Estimated living cost  is ₴10893 per week

₴6661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1005
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.
₴2976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33102
₴26101
₴33760
₴36343
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
23 945
pensions
-
-
-
4 376
total
-
-
-
28 321
Employee
31 116
-
73 833
-
pensions
2 641
-
5 397
-
income
5 604
-
18 839
-
health
452
-
1 078
-
total
8 697
-
25 314
-
Employer
31 116
-
73 833
-
health
591
-
1 403
-
pensions
3 368
-
9 263
-
total
3 959
-
10 666
-
Corporate
49 424
84 500
-
-
income

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

9 391
16 055
-
-
total
9 391
16 055
-
-
Dividends
40 034
68 445
-
-
withholding
3 691
12 924
-
-
total
3 691
12 924
-
-
Income
84 500
84 500
84 500
84 500
Total tax
25 738
28 979
35 980
28 321
After tax
58 762
55 521
48 520
56 179
Living cost
22 419
22 419
22 419
22 419
Free-cash
36 343
33 102
26 101
33 760

Estimated living cost  is ₴22419 per week

₴16796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1680
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴501
₴25546
₴29578
₴16244
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
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.

-
-
-
1 690
regional
-
-
-
4 018
health
-
-
-
190
city
-
-
-
891
national
-
-
-
1 218
pensions
-
-
-
7 774
total
-
-
-
15 781
Employee
45 805
-
75 631
-
unemployment
-
-
-
-
pensions
3 848
-
6 353
-
national
217
-
965
-
regional
1 500
-
3 477
-
city
492
-
812
-
health
104
-
170
-
total
6 161
-
11 777
-
Employer
45 805
-
75 631
-
health
104
-
170
-
pensions
3 848
-
6 353
-
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.

916
-
1 513
-
total
4 868
-
8 036
-
Corporate
33 324
84 500
-
-
regional
7 048
17 872
-
-
national
2 833
7 183
-
-
total
9 881
25 055
-
-
Dividends
23 443
59 445
-
-
withholding
8 205
20 805
-
-
total
8 205
20 805
-
-
Income
84 500
84 500
84 500
84 500
Total tax
29 115
45 860
19 813
15 781
After tax
55 385
38 640
64 687
68 719
Living cost
39 141
39 141
39 141
39 141
Free-cash
16 244
-501
25 546
29 578

Estimated living cost  is ₴39141 per week

₴25453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴19140
₴31244
₴20688
₴27146
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
84 500
income

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

-
-
-
25 848
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.

-
-
-
1 422
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.

-
-
-
3 372
trade
-
-
-
10 556
total
-
-
-
41 198
Employee

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

29 667
-
84 500
-
surtax

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

192
-
1 422
-
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.

3 489
-
25 848
-
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.

3 372
-
3 372
-
total
7 053
-
30 642
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 833
84 500
-
-
income
8 225
12 675
-
-
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.

452
697
-
-
chamber of commerce
152
194
-
-
trade
9 403
14 492
-
-
total
18 232
28 058
-
-
Dividends
36 600
56 442
-
-
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.

493
765
-
-
withholding
8 962
13 923
-
-
total
9 455
14 688
-
-
Income
84 500
84 500
84 500
84 500
Total tax
34 740
42 746
30 642
41 198
After tax
49 760
41 754
53 858
43 302
Living cost
22 614
22 614
22 614
22 614
Free-cash
27 146
19 140
31 244
20 688

Estimated living cost  is ₴22614 per week

₴16517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25698
₴29815
₴30768
₴28615
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
13 017
other
-
-
-
2 619
surtax
-
-
-
-
social contributions
-
-
-
2 408
health
-
-
-
3 497
pensions
-
-
-
15 302
total
-
-
-
36 843
Employee
21 127
-
65 613
-
pensions
2 389
-
4 472
-
surtax
-
-
-
-
social contributions
602
-
1 870
-
income
1 247
-
12 569
-
total
4 238
-
18 911
-
Employer
21 127
-
65 613
-
health
1 479
-
5 964
-
pensions
3 471
-
7 545
-
unemployment
855
-
2 658
-
social contributions
64
-
197
-
other
729
-
2 521
-
total
6 598
-
18 885
-
Corporate
56 775
84 500
-
-
income
15 897
23 660
-
-
surtax
-
-
-
-
total
15 897
23 660
-
-
Dividends
40 878
60 840
-
-
surtax
-
-
-
-
social contributions
7 031
10 465
-
-
withholding
5 232
7 788
-
-
total
12 263
18 253
-
-
Income
84 500
84 500
84 500
84 500
Total tax
38 996
41 913
37 796
36 843
After tax
45 504
42 587
46 704
47 657
Living cost
16 889
16 889
16 889
16 889
Free-cash
28 615
25 698
29 815
30 768

Estimated living cost  is ₴16889 per week

₴10649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1373
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.
₴4580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27371
₴31488
₴32441
₴30116
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
13 017
other
-
-
-
2 619
surtax
-
-
-
-
social contributions
-
-
-
2 408
health
-
-
-
3 497
pensions
-
-
-
15 302
total
-
-
-
36 843
Employee
18 859
-
65 613
-
pensions
2 133
-
4 472
-
surtax
-
-
-
-
social contributions
538
-
1 870
-
income
972
-
12 569
-
total
3 643
-
18 911
-
Employer
18 859
-
65 613
-
health
1 320
-
5 964
-
pensions
3 099
-
7 545
-
unemployment
763
-
2 658
-
social contributions
56
-
197
-
other
651
-
2 521
-
total
5 889
-
18 885
-
Corporate
59 751
84 500
-
-
income
16 730
23 660
-
-
surtax
-
-
-
-
total
16 730
23 660
-
-
Dividends
43 021
60 840
-
-
surtax
-
-
-
-
social contributions
7 400
10 465
-
-
withholding
5 506
7 788
-
-
total
12 906
18 253
-
-
Income
84 500
84 500
84 500
84 500
Total tax
39 168
41 913
37 796
36 843
After tax
45 332
42 587
46 704
47 657
Living cost
15 216
15 216
15 216
15 216
Free-cash
30 116
27 371
31 488
32 441

Estimated living cost  is ₴15216 per week

₴8825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1546
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41085
₴42128
₴43798
₴41340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
12 675
social contributions
-
-
-
11 661
health
-
-
-
5 898
total
-
-
-
30 234
Employee
16 738
-
84 500
-
social contributions
2 310
-
11 661
-
income
2 792
-
14 345
-
health
1 168
-
5 898
-
total
6 270
-
31 904
-
Employer
16 738
-
84 500
-
total
-
-
-
-
Corporate
67 762
84 500
-
-
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%.

3 388
4 225
-
-
total
3 388
4 225
-
-
Dividends
64 374
80 275
-
-
social contributions
8 884
11 078
-
-
withholding
9 656
12 041
-
-
health
4 494
5 603
-
-
total
23 034
28 722
-
-
Income
84 500
84 500
84 500
84 500
Total tax
32 692
32 947
31 904
30 234
After tax
51 808
51 553
52 596
54 266
Living cost
10 468
10 468
10 468
10 468
Free-cash
41 340
41 085
42 128
43 798

Estimated living cost  is ₴10468 per week

₴7005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29383
₴5041
₴25970
₴28621
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
22 593
surtax
-
-
-
97
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
338
health
-
-
-
4 411
pensions
-
-
-
10 669
total
-
-
-
41 136
Employee
24 670
19 673
67 116
-
other
246
197
577
-
unemployment
740
590
1 730
-
pensions
2 527
2 014
5 906
-
income
2 808
1 451
17 928
-
health
955
762
2 231
-
total
7 276
5 014
28 372
-
Employer
24 670
19 673
67 116
-
chamber of commerce
98
79
269
-
health
932
744
2 180
-
pensions
3 096
2 469
7 238
-
accident
320
256
749
-
unemployment
740
590
1 730
-
surtax
97
97
97
-
payroll
740
590
2 013
-
other
1 172
934
3 107
-
total
7 195
5 759
17 383
-
Corporate
52 633
59 068
65 242
-
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.

13 158
14 767
16 310
-
total
13 158
14 767
16 310
-
Dividends
39 475
44 301
-
-
withholding
10 856
12 183
-
-
total
10 856
12 183
-
-
Income
84 500
84 500
84 500
84 500
Total tax
38 485
37 723
62 065
41 136
After tax
46 015
46 777
22 435
43 364
Living cost
17 394
17 394
17 394
17 394
Free-cash
28 621
29 383
5 041
25 970

Estimated living cost  is ₴17394 per week

₴11601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1484
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.
₴4024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29264
₴11887
₴18619
₴21861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
communal

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

-
-
-
4 332
social contributions
-
-
-
12 307
national
-
-
-
31 243
total
-
-
-
47 882
Employee

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

35 311
-
65 448
-
unemployment

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

307
-
570
-
communal

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

1 842
-
3 414
-
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.

2 648
-
4 909
-
national
10 856
-
23 593
-
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.

1 659
-
3 075
-
total
17 312
-
35 561
-
Employer

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

35 311
-
65 448
-
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.

2 171
-
4 025
-
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.

3 129
-
5 799
-
accident

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

459
-
852
-
unemployment

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

515
-
956
-
surtax
4 004
-
7 421
-
total
10 278
-
19 053
-
Corporate
38 911
84 500
-
-
income
7 782
16 900
-
-
surtax
156
338
-
-
total
7 938
17 238
-
-
Dividends
30 973
67 262
-
-
withholding

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

9 112
19 999
-
-
total
9 112
19 999
-
-
Income
84 500
84 500
84 500
84 500
Total tax
44 640
37 237
54 614
47 882
After tax
39 860
47 263
29 886
36 618
Living cost
17 999
17 999
17 999
17 999
Free-cash
21 861
29 264
11 887
18 619

Estimated living cost  is ₴17999 per week

₴11594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38526
₴27550
₴29621
₴35093
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
accident
-
-
-
412
income
-
-
-
23 325
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
37 051
Employee
24 573
-
69 913
-
other
24
-
46
-
unemployment
381
-
709
-
pensions
1 155
-
2 151
-
income
5 185
-
21 630
-
total
6 745
-
24 536
-
Employer
24 573
-
69 913
-
pensions
5 799
-
10 798
-
accident
486
-
906
-
unemployment
1 352
-
2 516
-
other
196
-
366
-
total
7 833
-
14 586
-
Corporate
52 095
84 500
-
-
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.

7 815
12 675
-
-
total
7 815
12 675
-
-
Dividends
44 280
71 825
-
-
withholding
9 186
15 471
-
-
total
9 186
15 471
-
-
Income
84 500
84 500
84 500
84 500
Total tax
31 579
28 146
39 122
37 051
After tax
52 921
56 354
45 378
47 449
Living cost
17 828
17 828
17 828
17 828
Free-cash
35 093
38 526
27 550
29 621

Estimated living cost  is ₴17828 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22759
₴18593
₴15225
₴16566
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
communal
-
-
-
5 341
accident
-
-
-
713
income
-
-
-
13 603
surtax
-
-
-
4 189
health
-
-
-
5 937
pensions
-
-
-
12 665
total
-
-
-
42 448
Employee
37 383
-
75 481
-
pensions
2 990
-
6 039
-
surtax
2 291
-
4 626
-
income
3 611
-
16 037
-
health
1 664
-
3 358
-
total
10 556
-
30 060
-
Employer
37 383
-
75 481
-
health
1 140
-
2 302
-
pensions
2 990
-
6 039
-
accident
336
-
679
-
total
4 466
-
9 020
-
Corporate
42 650
84 500
-
-
communal
2 879
5 704
-
-
income
6 397
12 675
-
-
surtax
448
887
-
-
total
9 724
19 266
-
-
Dividends
32 926
65 234
-
-
income
11 422
5 863
-
-
withholding
4 939
9 785
-
-
total
16 361
15 648
-
-
Income
84 500
84 500
84 500
84 500
Total tax
41 107
34 914
39 080
42 448
After tax
43 393
49 586
45 420
42 052
Living cost
26 827
26 827
26 827
26 827
Free-cash
16 566
22 759
18 593
15 225

Estimated living cost  is ₴26827 per week

₴20124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42063
₴25900
₴28932
₴40493
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
23 008
other
-
-
-
-
surtax
-
-
-
3 506
unemployment
-
-
-
112
health
-
-
-
4 677
pensions
-
-
-
13 177
total
-
-
-
44 480
Employee
16 624
-
70 632
-
other
-
-
-
-
unemployment
1 157
-
4 586
-
pensions
1 109
-
4 394
-
surtax
59
-
2 929
-
income
2 787
-
20 055
-
health
424
-
1 680
-
total
5 536
-
33 644
-
Employer
16 624
-
70 632
-
health
756
-
2 998
-
pensions
2 216
-
8 782
-
unemployment
527
-
2 088
-
other
-
-
-
-
total
3 499
-
13 868
-
Corporate
64 376
84 500
-
-
income
16 738
21 970
-
-
total
16 738
21 970
-
-
Dividends
47 638
62 530
-
-
withholding
7 146
9 379
-
-
total
7 146
9 379
-
-
Income
84 500
84 500
84 500
84 500
Total tax
32 919
31 349
47 512
44 480
After tax
51 581
53 151
36 988
40 020
Living cost
11 088
11 088
11 088
11 088
Free-cash
40 493
42 063
25 900
28 932

Estimated living cost  is ₴11088 per week

₴6694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴964
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31117
₴23155
₴26951
₴30022
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
social contributions
-
-
-
21 733
regional
-
-
-
1 275
municipal
-
-
-
502
national
-
-
-
20 741
total
-
-
-
44 251
Employee
27 383
-
84 500
-
municipal
145
-
448
-
national
4 338
-
17 969
-
regional
369
-
1 137
-
social contributions
9 234
-
28 493
-
total
14 086
-
48 047
-
Employer
27 383
-
84 500
-
total
-
-
-
-
Corporate
57 117
84 500
-
-
municipal
2 838
4 200
-
-
nationa
13 708
20 280
-
-
total
16 546
24 480
-
-
Dividends
40 570
60 021
-
-
withholding
10 548
15 605
-
-
total
10 548
15 605
-
-
Income
84 500
84 500
84 500
84 500
Total tax
41 180
40 085
48 047
44 251
After tax
43 320
44 415
36 453
40 249
Living cost
13 298
13 298
13 298
13 298
Free-cash
30 022
31 117
23 155
26 951

Estimated living cost  is ₴13298 per week

₴8270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43062
₴28349
₴32008
₴37669
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
8 316
social contributions
-
-
-
17 652
solidarity contribution
-
-
-
-
health
-
-
-
11 408
total
-
-
-
37 376
Employee
22 230
-
63 658
-
solidarity contribution
-
-
-
-
social contributions
1 445
-
3 929
-
income
2 668
-
7 670
-
health
3 001
-
8 594
-
total
7 114
-
20 193
-
Employer
22 230
-
63 658
-
health
2 001
-
5 729
-
social contributions
5 558
-
15 113
-
total
7 559
-
20 842
-
Corporate
54 712
84 500
-
-
income
10 395
16 055
-
-
total
10 395
16 055
-
-
Dividends
44 317
68 445
-
-
withholding
6 647
10 267
-
-
total
6 647
10 267
-
-
Income
84 500
84 500
84 500
84 500
Total tax
31 715
26 322
41 035
37 376
After tax
52 785
58 178
43 465
47 124
Living cost
15 116
15 116
15 116
15 116
Free-cash
37 669
43 062
28 349
32 008

Estimated living cost  is ₴15116 per week

₴11242
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.
₴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.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31081
₴6709
₴27712
₴30839
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
22 593
surtax
-
-
-
-
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
338
health
-
-
-
4 411
pensions
-
-
-
10 669
total
-
-
-
41 039
Employee
21 579
19 673
67 207
-
other
215
197
577
-
unemployment
647
590
1 730
-
pensions
2 210
2 014
5 906
-
income
1 922
1 451
17 972
-
health
835
762
2 231
-
total
5 829
5 014
28 416
-
Employer
21 579
19 673
67 207
-
chamber of commerce
86
79
269
-
health
816
744
2 180
-
pensions
2 708
2 469
7 238
-
accident
280
256
749
-
unemployment
647
590
1 730
-
surtax
-
-
-
-
payroll
647
590
2 016
-
other
1 025
934
3 111
-
total
6 209
5 662
17 293
-
Corporate
56 711
59 165
65 333
-
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.

14 177
14 791
16 333
-
total
14 177
14 791
16 333
-
Dividends
42 534
44 375
-
-
withholding
11 697
12 203
-
-
total
11 697
12 203
-
-
Income
84 500
84 500
84 500
84 500
Total tax
37 912
37 670
62 042
41 039
After tax
46 588
46 830
22 458
43 461
Living cost
15 749
15 749
15 749
15 749
Free-cash
30 839
31 081
6 709
27 712

Estimated living cost  is ₴15749 per week

₴9448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4412
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴74049
₴61374
₴77429
₴72881
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
84 500
microenterprise

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

-
-
-
845
total
-
-
-
845
Employee
7 782
-
84 500
-
income
1 557
-
16 900
-
total
1 557
-
16 900
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

76 718
84 500
-
-
total
-
-
-
-
Dividends
76 718
84 500
-
-
withholding
3 836
4 225
-
-
total
3 836
4 225
-
-
Income
84 500
84 500
84 500
84 500
Total tax
5 393
4 225
16 900
845
After tax
79 107
80 275
67 600
83 655
Living cost
6 226
6 226
6 226
6 226
Free-cash
72 881
74 049
61 374
77 429

Estimated living cost  is ₴6226 per week

₴4213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44937
₴25917
₴28154
₴40808
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
84 500
income
-
-
-
19 232
unemployment
-
-
-
126
health
-
-
-
8 315
pensions
-
-
-
15 432
total
-
-
-
43 105
Employee

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

21 829
-
73 116
-
unemployment
31
-
102
-
pensions
3 384
-
11 333
-
income
3 764
-
17 801
-
health
1 410
-
4 723
-
total
8 589
-
33 959
-
Employer

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

21 829
-
73 116
-
health
1 454
-
4 869
-
pensions
1 932
-
6 470
-
unemployment
13
-
44
-
total
3 399
-
11 383
-
Corporate
59 272
84 500
-
-
income
11 262
16 055
-
-
total
11 262
16 055
-
-
Dividends
48 010
68 445
-
-
withholding
7 201
10 267
-
-
total
7 201
10 267
-
-
Income
84 500
84 500
84 500
84 500
Total tax
30 451
26 322
45 342
43 105
After tax
54 049
58 178
39 158
41 395
Living cost
13 241
13 241
13 241
13 241
Free-cash
40 808
44 937
25 917
28 154

Estimated living cost  is ₴13241 per week

₴9087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29812
₴56317
₴36798
₴6003
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
16 471
social contributions
-
-
-
9 633
total
-
-
-
26 104
Employee
30 968
-
-
-
social contributions
2 539
-
362
-
income
6 831
-
-
-
total
9 370
-
362
-
Employer
30 968
-
-
-
social contributions
43 665
-
6 223
-
total
43 665
-
6 223
-
Corporate
9 866
84 500
-
-
income
2 171
18 590
-
-
total
2 171
18 590
-
-
Dividends
7 696
65 910
-
-
income
1 693
14 500
-
-
total
1 693
14 500
-
-
Income
84 500
84 500
84 500
84 500
Total tax
56 899
33 090
6 585
26 104
After tax
27 601
51 410
77 915
58 396
Living cost
21 598
21 598
21 598
21 598
Free-cash
6 003
29 812
56 317
36 798

Estimated living cost  is ₴21598 per week

₴14014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32579
₴23521
₴29886
₴32084
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
84 500
income
-
-
-
9 766
surtax
-
-
-
-
social contributions

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

-
-
-
29 364
total
-
-
-
39 130
Employee
22 704
-
68 282
-
surtax
-
-
-
-
social contributions
2 497
-
7 511
-
income
4 722
-
21 767
-
total
7 219
-
29 278
-
Employer
22 704
-
68 282
-
social contributions
5 392
-
16 217
-
total
5 392
-
16 217
-
Corporate
56 404
84 500
-
-
income
11 845
17 745
-
-
surtax
-
-
-
-
total
11 845
17 745
-
-
Dividends
44 559
66 755
-
-
withholding
12 476
18 692
-
-
total
12 476
18 692
-
-
Income
84 500
84 500
84 500
84 500
Total tax
36 932
36 437
45 495
39 130
After tax
47 568
48 063
39 005
45 370
Living cost
15 484
15 484
15 484
15 484
Free-cash
32 084
32 579
23 521
29 886

Estimated living cost  is ₴15484 per week

₴11585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴913
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18745
₴22862
₴23815
₴22139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
13 017
other
-
-
-
2 619
surtax
-
-
-
-
social contributions
-
-
-
2 408
health
-
-
-
3 497
pensions
-
-
-
15 302
total
-
-
-
36 843
Employee
30 918
-
65 613
-
pensions
3 497
-
4 472
-
surtax
-
-
-
-
social contributions
881
-
1 870
-
income
2 698
-
12 569
-
total
7 076
-
18 911
-
Employer
30 918
-
65 613
-
health
2 164
-
5 964
-
pensions
5 080
-
7 545
-
unemployment
1 252
-
2 658
-
social contributions
93
-
197
-
other
1 067
-
2 521
-
total
9 656
-
18 885
-
Corporate
43 926
84 500
-
-
income
12 299
23 660
-
-
surtax
-
-
-
-
total
12 299
23 660
-
-
Dividends
31 626
60 840
-
-
surtax
-
-
-
-
social contributions
5 440
10 465
-
-
withholding
4 048
7 788
-
-
total
9 488
18 253
-
-
Income
84 500
84 500
84 500
84 500
Total tax
38 519
41 913
37 796
36 843
After tax
45 981
42 587
46 704
47 657
Living cost
23 842
23 842
23 842
23 842
Free-cash
22 139
18 745
22 862
23 815

Estimated living cost  is ₴23842 per week

₴16136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61211
₴49723
₴47477
₴59553
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
3 594
social contributions
-
-
-
18 590
total
-
-
-
22 184
Employee
15 870
-
73 160
-
income
-
-
3 843
-
social contributions
1 031
-
4 755
-
total
1 031
-
8 598
-
Employer
15 870
-
73 160
-
social contributions
2 460
-
11 340
-
total
2 460
-
11 340
-
Corporate
66 170
84 500
-
-
income
6 617
8 450
-
-
total
6 617
8 450
-
-
Dividends
59 553
76 050
-
-
total
-
-
-
-
Income
84 500
84 500
84 500
84 500
Total tax
10 108
8 450
19 938
22 184
After tax
74 392
76 050
64 562
62 316
Living cost
14 839
14 839
14 839
14 839
Free-cash
59 553
61 211
49 723
47 477

Estimated living cost  is ₴14839 per week

₴9595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1119
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴23005
-₴23005
₴26212
-₴23005
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
labour market
-
-
-
6 726
municipal
-
-
-
17 530
national
-
-
-
9 841
pensions
-
-
-
428
total
-
-
-
34 525
Employee
100 298
100 298
100 298
-
municipal
21 358
21 358
21 358
-
labour market
8 012
8 012
8 012
-
pensions
143
143
143
-
national
12 253
12 253
12 253
-
total
41 766
41 766
41 766
-
Employer
100 298
100 298
100 298
-
national
12 275
12 275
12 275
-
labour market
8 024
8 024
8 024
-
pensions
285
285
285
-
municipal
21 392
21 392
21 392
-
total
41 976
41 976
41 976
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
84 500
84 500
84 500
84 500
Total tax
83 742
83 742
83 742
34 525
After tax
758
758
758
49 975
Living cost
23 763
23 763
23 763
23 763
Free-cash
-23 005
-23 005
-23 005
26 212

Estimated living cost  is ₴23763 per week

₴16264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2102
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3987
₴34942
₴46946
₴5182
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
accident
-
-
-
126
income
-
-
-
23 242
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
26 722
Employee
17 040
-
75 868
-
pensions
1 919
-
3 813
-
income
2 338
-
17 594
-
health
1 951
-
8 687
-
total
6 208
-
30 094
-
Employer
17 040
-
75 868
-
pensions
2 771
-
5 506
-
accident
285
-
1 267
-
unemployment
418
-
1 859
-
total
3 474
-
8 632
-
Corporate
63 987
84 500
-
-
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.

57 588
76 050
-
-
total
57 588
76 050
-
-
Dividends
6 399
8 450
-
-
withholding
1 216
1 605
-
-
total
1 216
1 605
-
-
Income
84 500
84 500
84 500
84 500
Total tax
68 486
77 655
38 726
26 722
After tax
16 014
6 845
45 774
57 778
Living cost
10 832
10 832
10 832
10 832
Free-cash
5 182
-3 987
34 942
46 946

Estimated living cost  is ₴10832 per week

₴7885
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.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34150
₴25532
₴35906
₴35331
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
84 500
health
-
-
-
1 095
municipal
-
-
-
15 013
national
-
-
-
13 534
total
-
-
-
29 642
Employee
25 972
-
71 086
-
municipal
4 254
-
11 580
-
unemployment
390
-
1 066
-
pensions
1 753
-
4 798
-
national
429
-
8 269
-
health
194
-
889
-
total
7 020
-
26 602
-
Employer
25 972
-
71 086
-
health
200
-
547
-
pensions
4 506
-
12 334
-
accident
26
-
71
-
unemployment
169
-
462
-
total
4 901
-
13 414
-
Corporate
53 628
84 500
-
-
income
10 725
16 900
-
-
total
10 725
16 900
-
-
Dividends

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

32 177
50 700
-
-
municipal
5 792
9 126
-
-
national
1 779
5 372
-
-
total
7 571
14 498
-
-
Income
84 500
84 500
84 500
84 500
Total tax
30 217
31 398
40 016
29 642
After tax
54 283
53 102
44 484
54 858
Living cost
18 952
18 952
18 952
18 952
Free-cash
35 331
34 150
25 532
35 906

Estimated living cost  is ₴18952 per week

₴12380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50223
₴45700
₴46449
₴47537
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
16 480
social contributions
-
-
-
7 987
health
-
-
-
2 155
total
-
-
-
26 622
Employee
37 959
37 959
78 793
-
social contributions
1 435
3 150
4 249
-
income
4 133
3 514
16 075
-
health
294
645
1 340
-
total
5 862
7 309
21 664
-
Employer
37 959
37 959
78 793
-
health
319
703
1 458
-
social contributions
1 435
3 150
4 249
-
total
1 754
3 853
5 707
-
Corporate
65 454
42 688
-
-
income
8 182
5 336
-
-
total
8 182
5 336
-
-
Dividends
57 272
37 352
-
-
withholding
9 736
6 350
-
-
total
9 736
6 350
-
-
Income
84 500
84 500
84 500
84 500
Total tax
25 534
22 848
27 371
26 622
After tax
58 966
61 652
57 129
57 878
Living cost
11 429
11 429
11 429
11 429
Free-cash
47 537
50 223
45 700
46 449

Estimated living cost  is ₴11429 per week

₴6850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴62136
₴53244
₴63145
₴59625
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
84 500
income
-
-
-
8 577
unemployment
-
-
-
14
health
-
-
-
1 786
pensions
-
-
-
3 140
total
-
-
-
13 517
Employee

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

11 331
-
79 676
-
unemployment
56
-
234
-
pensions
1 699
-
7 026
-
income
775
-
7 353
-
health
963
-
3 981
-
total
3 493
-
18 594
-
Employer

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

11 331
-
79 676
-
health
487
-
2 014
-
pensions
623
-
2 576
-
unemployment
56
-
234
-
total
1 166
-
4 824
-
Corporate
72 003
84 500
-
-
income
6 481
7 605
-
-
total
6 481
7 605
-
-
Dividends
65 522
76 895
-
-
withholding
5 897
6 921
-
-
total
5 897
6 921
-
-
Income
84 500
84 500
84 500
84 500
Total tax
17 037
14 526
23 418
13 517
After tax
67 463
69 974
61 082
70 983
Living cost
7 838
7 838
7 838
7 838
Free-cash
59 625
62 136
53 244
63 145

Estimated living cost  is ₴7838 per week

₴5001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴565
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.
₴2038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42779
₴31803
₴33874
₴40599
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
accident
-
-
-
412
income
-
-
-
23 325
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
37 051
Employee
18 253
-
69 913
-
other
18
-
46
-
unemployment
283
-
709
-
pensions
858
-
2 151
-
income
3 519
-
21 630
-
total
4 678
-
24 536
-
Employer
18 253
-
69 913
-
pensions
4 307
-
10 798
-
accident
362
-
906
-
unemployment
1 004
-
2 516
-
other
146
-
366
-
total
5 819
-
14 586
-
Corporate
60 428
84 500
-
-
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.

9 064
12 675
-
-
total
9 064
12 675
-
-
Dividends
51 363
71 825
-
-
withholding
10 765
15 471
-
-
total
10 765
15 471
-
-
Income
84 500
84 500
84 500
84 500
Total tax
30 326
28 146
39 122
37 051
After tax
54 174
56 354
45 378
47 449
Living cost
13 575
13 575
13 575
13 575
Free-cash
40 599
42 779
31 803
33 874

Estimated living cost  is ₴13575 per week

₴9163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51767
₴53331
₴53400
₴51610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
28 930
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
30 139
Employee
1 464
-
83 711
-
unemployment
15
-
35
-
pensions
132
-
316
-
income
283
-
28 893
-
health
73
-
175
-
total
503
-
29 419
-
Employer
1 464
-
83 711
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
82 706
84 500
-
-
income
18 195
18 590
-
-
total
18 195
18 590
-
-
Dividends
64 511
65 910
-
-
withholding
12 902
13 182
-
-
total
12 902
13 182
-
-
Income
84 500
84 500
84 500
84 500
Total tax
31 929
31 772
30 208
30 139
After tax
52 571
52 728
54 292
54 361
Living cost
961
961
961
961
Free-cash
51 610
51 767
53 331
53 400

Estimated living cost  is ₴961 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
₴52514
₴43109
₴43110
₴50085
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
84 500
income
-
-
-
19 063
unemployment
-
-
-
547
health
-
-
-
3 758
pensions
-
-
-
9 485
total
-
-
-
32 853
Employee

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

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

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

12 873
-
77 970
-
unemployment
97
-
274
-
pensions
1 802
-
5 107
-
income
1 774
-
19 063
-
health
663
-
1 879
-
total
4 336
-
26 323
-
Employer

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

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

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

12 873
-
77 970
-
health
663
-
1 879
-
pensions
1 545
-
4 378
-
unemployment
97
-
274
-
total
2 305
-
6 531
-
Corporate
69 323
84 500
-
-
income
10 398
12 675
-
-
total
10 398
12 675
-
-
Dividends
58 924
71 825
-
-
withholding
8 839
10 774
-
-
total
8 839
10 774
-
-
Income
84 500
84 500
84 500
84 500
Total tax
25 878
23 449
32 854
32 853
After tax
58 622
61 051
51 646
51 647
Living cost
8 537
8 537
8 537
8 537
Free-cash
50 085
52 514
43 109
43 110

Estimated living cost  is ₴8537 per week

₴5748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴660
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34755
₴25697
₴32062
₴34577
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
84 500
income
-
-
-
9 766
surtax
-
-
-
-
social contributions

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

-
-
-
29 364
total
-
-
-
39 130
Employee
19 160
-
68 282
-
surtax
-
-
-
-
social contributions
2 108
-
7 511
-
income
3 744
-
21 767
-
total
5 852
-
29 278
-
Employer
19 160
-
68 282
-
social contributions
4 550
-
16 217
-
total
4 550
-
16 217
-
Corporate
60 790
84 500
-
-
income
12 766
17 745
-
-
surtax
-
-
-
-
total
12 766
17 745
-
-
Dividends
48 025
66 755
-
-
withholding
13 447
18 692
-
-
total
13 447
18 692
-
-
Income
84 500
84 500
84 500
84 500
Total tax
36 615
36 437
45 495
39 130
After tax
47 885
48 063
39 005
45 370
Living cost
13 308
13 308
13 308
13 308
Free-cash
34 577
34 755
25 697
32 062

Estimated living cost  is ₴13308 per week

₴9426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴925
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39005
₴28029
₴30100
₴35741
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
accident
-
-
-
412
income
-
-
-
23 325
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
37 051
Employee
23 841
-
69 913
-
other
23
-
46
-
unemployment
369
-
709
-
pensions
1 120
-
2 151
-
income
4 979
-
21 630
-
total
6 491
-
24 536
-
Employer
23 841
-
69 913
-
pensions
5 626
-
10 798
-
accident
472
-
906
-
unemployment
1 312
-
2 516
-
other
191
-
366
-
total
7 601
-
14 586
-
Corporate
53 058
84 500
-
-
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.

7 959
12 675
-
-
total
7 959
12 675
-
-
Dividends
45 099
71 825
-
-
withholding
9 359
15 471
-
-
total
9 359
15 471
-
-
Income
84 500
84 500
84 500
84 500
Total tax
31 410
28 146
39 122
37 051
After tax
53 090
56 354
45 378
47 449
Living cost
17 349
17 349
17 349
17 349
Free-cash
35 741
39 005
28 029
30 100

Estimated living cost  is ₴17349 per week

₴12459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1349
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63743
₴61997
₴58711
₴60730
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
12 675
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
17 285
Employee
11 260
-
81 112
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

989
-
1 516
-
income
1 126
-
8 111
-
health
518
-
794
-
total
2 757
-
10 611
-
Employer
11 260
-
81 112
-
health
777
-
1 191
-
pensions

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

1 241
-
1 903
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 210
-
3 388
-
Corporate
71 031
84 500
-
-
income
7 103
8 450
-
-
total
7 103
8 450
-
-
Dividends
63 928
76 050
-
-
withholding
3 196
3 803
-
-
total
3 196
3 803
-
-
Income
84 500
84 500
84 500
84 500
Total tax
15 266
12 253
13 999
17 285
After tax
69 234
72 247
70 501
67 215
Living cost
8 504
8 504
8 504
8 504
Free-cash
60 730
63 743
61 997
58 711

Estimated living cost  is ₴8504 per week

₴5624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴24433
₴34800
₴25968
₴30893
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
84 500
income

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

-
-
-
25 848
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.

-
-
-
1 422
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.

-
-
-
3 372
trade
-
-
-
8 832
total
-
-
-
39 474
Employee

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

24 562
-
84 500
-
surtax

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

111
-
1 422
-
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.

2 020
-
25 848
-
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.

3 372
-
3 372
-
total
5 503
-
30 642
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 938
84 500
-
-
income
8 990
12 675
-
-
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.

495
697
-
-
chamber of commerce
163
199
-
-
trade
8 601
12 126
-
-
total
18 249
25 697
-
-
Dividends
41 689
58 804
-
-
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.

563
798
-
-
withholding
10 234
14 514
-
-
total
10 797
15 312
-
-
Income
84 500
84 500
84 500
84 500
Total tax
34 549
41 009
30 642
39 474
After tax
49 951
43 491
53 858
45 026
Living cost
19 058
19 058
19 058
19 058
Free-cash
30 893
24 433
34 800
25 968

Estimated living cost  is ₴19058 per week

₴13147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31031
₴16698
₴16698
₴32120
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
25 641
social contributions
-
-
-
14 041
total
-
-
-
39 682
Employee
38 614
-
84 500
-
income
7 286
-
25 641
-
social contributions
3 208
-
14 041
-
total
10 494
-
39 682
-
Employer
38 614
-
84 500
-
total
-
-
-
-
Corporate
45 886
84 500
-
-
income
5 736
10 562
-
-
total
5 736
10 562
-
-
Dividends
40 150
73 938
-
-
withholding
8 030
14 787
-
-
total
8 030
14 787
-
-
Income
84 500
84 500
84 500
84 500
Total tax
24 260
25 349
39 682
39 682
After tax
60 240
59 151
44 818
44 818
Living cost
28 120
28 120
28 120
28 120
Free-cash
32 120
31 031
16 698
16 698

Estimated living cost  is ₴28120 per week

₴21393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34397
₴42310
₴49545
₴36122
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
84 500
income
-
-
-
14 052
health

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

-
-
-
2 983
total
-
-
-
17 035
Employee
22 646
-
82 229
-
income
2 457
-
19 728
-
social contributions
2 269
-
2 271
-
total
4 726
-
21 999
-
Employer
22 646
-
82 229
-
social contributions
2 269
-
2 271
-
total
2 269
-
2 271
-
Corporate
59 585
84 500
-
-
income
20 855
29 575
-
-
total
20 855
29 575
-
-
Dividends
38 731
54 925
-
-
social contributions
2 608
2 608
-
-
total
2 608
2 608
-
-
Income
84 500
84 500
84 500
84 500
Total tax
30 458
32 183
24 270
17 035
After tax
54 042
52 317
60 230
67 465
Living cost
17 920
17 920
17 920
17 920
Free-cash
36 122
34 397
42 310
49 545

Estimated living cost  is ₴17920 per week

₴11804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37295
₴30294
₴37953
₴40202
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
23 945
pensions
-
-
-
4 376
total
-
-
-
28 321
Employee
25 018
-
73 833
-
pensions
1 909
-
5 397
-
income
4 556
-
18 839
-
health
326
-
1 078
-
total
6 791
-
25 314
-
Employer
25 018
-
73 833
-
health
475
-
1 403
-
pensions
2 528
-
9 263
-
total
3 003
-
10 666
-
Corporate
56 479
84 500
-
-
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.

10 731
16 055
-
-
total
10 731
16 055
-
-
Dividends
45 748
68 445
-
-
withholding
5 547
12 924
-
-
total
5 547
12 924
-
-
Income
84 500
84 500
84 500
84 500
Total tax
26 072
28 979
35 980
28 321
After tax
58 428
55 521
48 520
56 179
Living cost
18 226
18 226
18 226
18 226
Free-cash
40 202
37 295
30 294
37 953

Estimated living cost  is ₴18226 per week

₴12503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5060
₴33869
₴45873
₴5018
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
accident
-
-
-
126
income
-
-
-
23 242
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
26 722
Employee
18 727
-
75 868
-
pensions
2 109
-
3 813
-
income
2 569
-
17 594
-
health
2 144
-
8 687
-
total
6 822
-
30 094
-
Employer
18 727
-
75 868
-
pensions
3 045
-
5 506
-
accident
313
-
1 267
-
unemployment
459
-
1 859
-
total
3 817
-
8 632
-
Corporate
61 957
84 500
-
-
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.

55 761
76 050
-
-
total
55 761
76 050
-
-
Dividends
6 196
8 450
-
-
withholding
1 177
1 605
-
-
total
1 177
1 605
-
-
Income
84 500
84 500
84 500
84 500
Total tax
67 577
77 655
38 726
26 722
After tax
16 923
6 845
45 774
57 778
Living cost
11 905
11 905
11 905
11 905
Free-cash
5 018
-5 060
33 869
45 873

Estimated living cost  is ₴11905 per week

₴8737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴694
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.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64437
₴53077
₴42219
₴62126
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
84 500
income
-
-
-
13 895
unemployment
-
-
-
948
work injury
-
-
-
395
health insurance
-
-
-
5 843
pensions
-
-
-
14 530
total
-
-
-
35 611
Employee

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

10 671
-
84 500
-
health insurance
790
-
2 922
-
unemployment
128
-
474
-
work injury
53
-
197
-
pensions
1 964
-
7 265
-
income
1 067
-
13 895
-
total
4 002
-
24 753
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
73 829
84 500
-
-
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%.

738
845
-
-
total
738
845
-
-
Dividends
73 090
83 655
-
-
withholding
10 964
12 548
-
-
total
10 964
12 548
-
-
Income
84 500
84 500
84 500
84 500
Total tax
15 704
13 393
24 753
35 611
After tax
68 796
71 107
59 747
48 889
Living cost
6 670
6 670
6 670
6 670
Free-cash
62 126
64 437
53 077
42 219

Estimated living cost  is ₴6670 per week

₴4132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24842
₴16153
₴19862
₴22598
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
social contributions
-
-
-
21 733
regional
-
-
-
1 933
municipal
-
-
-
565
national
-
-
-
20 741
total
-
-
-
44 972
Employee
41 598
-
84 500
-
municipal
248
-
504
-
national
7 030
-
17 969
-
regional
628
-
1 715
-
social contributions
14 027
-
28 493
-
total
21 933
-
48 681
-
Employer
41 598
-
84 500
-
total
-
-
-
-
Corporate
42 902
84 500
-
-
municipal
2 067
4 073
-
-
nationa
10 296
20 280
-
-
total
12 363
24 353
-
-
Dividends
30 538
60 147
-
-
withholding
7 940
15 639
-
-
total
7 940
15 639
-
-
Income
84 500
84 500
84 500
84 500
Total tax
42 236
39 992
48 681
44 972
After tax
42 264
44 508
35 819
39 528
Living cost
19 666
19 666
19 666
19 666
Free-cash
22 598
24 842
16 153
19 862

Estimated living cost  is ₴19666 per week

₴13814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Source

Source of data for Rome model

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