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
₴29186
₴27584
₴33077
₴38859
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
9 673
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.

-
-
-
3 392
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.

-
-
-
1 419
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.

-
-
-
25 791
total
-
-
-
40 275
Employee

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

18 991
-
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
-
1 419
-
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.

530
-
25 791
-
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.

3 392
-
3 392
-
total
3 951
-
30 602
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 509
84 500
-
-
trade
10 317
13 309
-
-
income
9 826
12 675
-
-
chamber of commerce
170
197
-
-
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
-
-
total
20 854
26 878
-
-
Dividends
44 655
57 622
-
-
withholding
10 975
14 217
-
-
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.

604
782
-
-
total
11 579
14 999
-
-
Income
84 500
84 500
84 500
84 500
Total tax
36 384
41 877
30 602
40 275
After tax
48 116
42 623
53 898
44 225
Living cost
15 039
15 039
15 039
15 039
Free-cash
33 077
27 584
38 859
29 186

Estimated living cost  is ₴15039 per week

₴9460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1753
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.
₴3545
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23645
₴26396
₴25957
₴24309
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
9 207
pensions
-
-
-
10 140
social contributions
-
-
-
908
national
-
-
-
14 268
total
-
-
-
34 523
Employee
40 820
-
73 049
-
municipal
5 042
-
9 534
-
national
7 813
-
14 774
-
pensions
1 633
-
2 922
-
total
14 488
-
27 230
-
Employer
40 820
-
73 049
-
pensions
3 266
-
5 844
-
social contributions
439
-
785
-
total
3 705
-
6 629
-
Corporate
37 282
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%.

7 456
16 900
-
-
total
7 456
16 900
-
-
Dividends
29 825
67 600
-
-
withholding
6 562
14 872
-
-
total
6 562
14 872
-
-
Income
84 500
84 500
84 500
84 500
Total tax
32 211
31 772
33 859
34 523
After tax
52 289
52 728
50 641
49 977
Living cost
26 332
26 332
26 332
26 332
Free-cash
25 957
26 396
24 309
23 645

Estimated living cost  is ₴26332 per week

₴17898
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2448
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴394
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5593
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18576
₴57271
₴53198
₴24777
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
21 548
social contributions

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

-
-
-
19 023
income
-
-
-
15 024
microenterprise
-
-
-
-
total
-
-
-
55 595
Employee
14 508
-
63 284
-
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.

1 596
-
6 509
-
surtax
-
-
9 176
-
income
2 583
-
12 493
-
total
4 179
-
28 178
-
Employer
14 508
-
63 284
-
surtax
-
-
6 961
-
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.

3 495
-
14 255
-
total
3 495
-
21 216
-
Corporate
66 497
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%.

13 299
16 900
-
-
total
13 299
16 900
-
-
Dividends

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

53 198
67 600
-
-
total
-
-
-
-
Income
84 500
84 500
84 500
84 500
Total tax
20 973
16 900
49 394
55 595
After tax
63 527
67 600
35 106
28 905
Living cost
10 330
10 330
10 330
10 330
Free-cash
53 198
57 271
24 777
18 576

Estimated living cost  is ₴10330 per week

₴6590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴984
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2521
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26058
₴20993
₴17952
₴31673
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 817
health
-
-
-
6 123
income
-
-
-
25 703
total
-
-
-
37 643
Employee
42 400
42 400
75 273
-
pensions
7 632
5 817
5 817
-
income

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

6 940
6 940
10 861
-
health
6 508
5 536
6 123
-
total
21 080
18 293
22 801
-
Employer
42 400
42 400
75 273
-
pensions
2 951
2 951
3 668
-
unemployment
1 526
1 526
1 897
-
health
2 947
2 947
3 662
-
total
7 424
7 424
9 227
-
Corporate
35 196
34 675
-
-
income
7 039
6 935
-
-
total
7 039
6 935
-
-
Dividends
28 156
27 741
-
-
withholding
4 223
4 161
-
-
income
5 983
5 895
-
-
total
10 206
10 056
-
-
Income
84 500
84 500
84 500
84 500
Total tax
45 749
42 708
32 028
37 643
After tax
38 751
41 792
52 472
46 857
Living cost
20 799
20 799
20 799
20 799
Free-cash
17 952
20 993
31 673
26 058

Estimated living cost  is ₴20799 per week

₴14740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23277
₴25661
₴25203
₴22780
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
21 321
pensions
-
-
-
4 851
health
-
-
-
2 800
other
-
-
-
5 215
unemployment
-
-
-
45
accident
-
-
-
90
national
-
-
-
6 425
total
-
-
-
40 747
Employee
29 176
-
70 400
-
municipal
8 700
-
20 993
-
national
-
-
6 150
-
total
8 700
-
27 143
-
Employer
29 176
-
70 400
-
pensions
3 154
-
4 851
-
other
3 390
-
5 215
-
unemployment
770
-
1 185
-
accident
58
-
90
-
health
1 794
-
2 760
-
total
9 166
-
14 101
-
Corporate
46 157
84 500
-
-
income
10 154
18 590
-
-
total
10 154
18 590
-
-
Dividends
36 002
65 910
-
-
withholding
10 801
19 773
-
-
total
10 801
19 773
-
-
Income
84 500
84 500
84 500
84 500
Total tax
38 821
38 363
41 244
40 747
After tax
45 679
46 137
43 256
43 753
Living cost
20 476
20 476
20 476
20 476
Free-cash
25 203
25 661
22 780
23 277

Estimated living cost  is ₴20476 per week

₴13571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2009
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24291
₴22683
₴29660
₴34393
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
10 102
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.

-
-
-
3 392
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.

-
-
-
1 419
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.

-
-
-
25 791
total
-
-
-
40 704
Employee

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

25 179
-
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.

119
-
1 419
-
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.

2 163
-
25 791
-
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.

3 392
-
3 392
-
total
5 674
-
30 602
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 321
84 500
-
-
trade
9 759
13 901
-
-
income
8 898
12 675
-
-
chamber of commerce
160
196
-
-
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.

489
697
-
-
total
19 306
27 469
-
-
Dividends
40 015
57 031
-
-
withholding
9 815
14 069
-
-
surtax

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

540
774
-
-
total
10 355
14 843
-
-
Income
84 500
84 500
84 500
84 500
Total tax
35 335
42 312
30 602
40 704
After tax
49 165
42 188
53 898
43 796
Living cost
19 505
19 505
19 505
19 505
Free-cash
29 660
22 683
34 393
24 291

Estimated living cost  is ₴19505 per week

₴13045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2057
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41800
₴45548
₴43490
₴41047
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 155
social contributions
-
-
-
8 033
income
-
-
-
16 408
total
-
-
-
26 596
Employee
38 179
38 179
78 768
-
social contributions
1 855
3 169
4 274
-
income
4 009
3 534
16 004
-
health
380
649
1 339
-
total
6 244
7 352
21 617
-
Employer
38 179
38 179
78 768
-
social contributions
1 855
3 169
4 274
-
health
414
707
1 458
-
total
2 269
3 876
5 732
-
Corporate
59 883
42 445
-
-
income
7 485
5 306
-
-
total
7 485
5 306
-
-
Dividends
52 398
37 140
-
-
withholding
8 908
6 314
-
-
total
8 908
6 314
-
-
Income
84 500
84 500
84 500
84 500
Total tax
24 906
22 848
27 349
26 596
After tax
59 594
61 652
57 151
57 904
Living cost
16 104
16 104
16 104
16 104
Free-cash
43 490
45 548
41 047
41 800

Estimated living cost  is ₴16104 per week

₴11009
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1258
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49411
₴38348
₴38538
₴39858
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
8 450
health
-
-
-
5 915
unemployment
-
-
-
1 267
income
-
-
-
10 330
total
-
-
-
25 962
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.

13 175
5 244
70 711
-
pensions
1 318
524
7 071
-
unemployment
198
79
1 061
-
income
1 611
641
8 644
-
health
922
367
4 950
-
total
4 049
1 611
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.

13 175
5 244
70 711
-
pensions
2 569
1 023
13 789
-
total
2 569
1 023
13 789
-
Corporate
68 755
78 234
-
-
income
6 188
7 041
-
-
total
6 188
7 041
-
-
Dividends
62 567
71 193
-
-
withholding
11 888
13 527
-
-
social contributions
12 141
13 823
-
-
total
24 029
27 350
-
-
Income
84 500
84 500
84 500
84 500
Total tax
36 835
37 025
35 515
25 962
After tax
47 665
47 475
48 985
58 538
Living cost
9 127
9 127
9 127
9 127
Free-cash
38 538
38 348
39 858
49 411

Estimated living cost  is ₴9127 per week

₴6229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴747
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1970
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33299
₴55607
₴52522
₴36712
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
16 900
health
-
-
-
10 985
income
-
-
-
11 323
total
-
-
-
39 208
Employee
14 085
-
63 154
-
pensions
282
-
1 264
-
unemployment
225
-
1 010
-
income
1 586
-
12 176
-
total
2 093
-
14 450
-
Employer
14 085
-
63 154
-
pensions
2 817
-
12 630
-
unemployment
113
-
505
-
health
1 831
-
8 210
-
total
4 761
-
21 345
-
Corporate
65 654
84 500
-
-
income
13 131
16 900
-
-
total
13 131
16 900
-
-
Dividends
52 523
67 600
-
-
total
-
-
-
-
Income
84 500
84 500
84 500
84 500
Total tax
19 985
16 900
35 795
39 208
After tax
64 515
67 600
48 705
45 292
Living cost
11 993
11 993
11 993
11 993
Free-cash
52 522
55 607
36 712
33 299

Estimated living cost  is ₴11993 per week

₴8226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴714
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.
₴2812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46671
-₴4266
₴5139
₴34632
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 101
health
-
-
-
1 101
other
-
-
-
187
accident
-
-
-
128
income
-
-
-
23 202
total
-
-
-
26 719
Employee
17 476
-
75 813
-
pensions
1 968
-
3 853
-
income
2 398
-
17 537
-
health
2 001
-
8 681
-
total
6 367
-
30 071
-
Employer
17 476
-
75 813
-
pensions
2 842
-
5 564
-
unemployment
428
-
1 857
-
accident
292
-
1 266
-
total
3 562
-
8 687
-
Corporate
63 462
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.

57 116
76 050
-
-
total
57 116
76 050
-
-
Dividends
6 346
8 450
-
-
withholding
1 206
1 606
-
-
total
1 206
1 606
-
-
Income
84 500
84 500
84 500
84 500
Total tax
68 251
77 656
38 758
26 719
After tax
16 249
6 844
45 742
57 781
Living cost
11 110
11 110
11 110
11 110
Free-cash
5 139
-4 266
34 632
46 671

Estimated living cost  is ₴11110 per week

₴8142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴79598
₴76218
₴75457
₴63543
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 071
-
84 500
-
income
1 014
-
16 900
-
total
1 014
-
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%.

79 429
84 500
-
-
total
-
-
-
-
Dividends
79 429
84 500
-
-
withholding
3 972
4 225
-
-
total
3 972
4 225
-
-
Income
84 500
84 500
84 500
84 500
Total tax
4 986
4 225
16 900
845
After tax
79 514
80 275
67 600
83 655
Living cost
4 057
4 057
4 057
4 057
Free-cash
75 457
76 218
63 543
79 598

Estimated living cost  is ₴4057 per week

₴2514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴112
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33474
₴48853
₴45497
₴34733
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
18 121
health
-
-
-
3 322
other
-
-
-
3 586
income
-
-
-
12 767
total
-
-
-
37 796
Employee
18 028
-
67 492
-
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.

1 262
-
4 724
-
unemployment
180
-
675
-
income
3 104
-
13 186
-
health
253
-
945
-
total
4 799
-
19 530
-
Employer
18 028
-
67 492
-
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.

3 065
-
11 473
-
other
902
-
3 374
-
unemployment
180
-
675
-
accident
144
-
540
-
health
253
-
945
-
total
4 544
-
17 007
-
Corporate
61 929
84 500
-
-
income
13 005
17 745
-
-
total
13 005
17 745
-
-
Dividends
48 923
66 755
-
-
withholding
3 425
4 672
-
-
total
3 425
4 672
-
-
Income
84 500
84 500
84 500
84 500
Total tax
25 773
22 417
36 537
37 796
After tax
58 727
62 083
47 963
46 704
Living cost
13 230
13 230
13 230
13 230
Free-cash
45 497
48 853
34 733
33 474

Estimated living cost  is ₴13230 per week

₴9348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴893
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Bratislava model

Close
London , United Kingdom
₴23374
₴22715
₴23774
₴15715
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 375
income
-
-
-
23 949
total
-
-
-
28 324
Employee
46 410
-
73 833
-
pensions
4 477
-
5 395
-
income
8 366
-
18 843
-
health
765
-
1 078
-
total
13 608
-
25 316
-
Employer
46 410
-
73 833
-
pensions
5 480
-
9 264
-
health
881
-
1 403
-
total
6 361
-
10 667
-
Corporate
31 728
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.

6 028
16 055
-
-
total
6 028
16 055
-
-
Dividends
25 700
68 445
-
-
withholding
1 927
12 928
-
-
total
1 927
12 928
-
-
Income
84 500
84 500
84 500
84 500
Total tax
27 924
28 983
35 983
28 324
After tax
56 576
55 517
48 517
56 176
Living cost
32 802
32 802
32 802
32 802
Free-cash
23 774
22 715
15 715
23 374

Estimated living cost  is ₴32802 per week

₴24579
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3854
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.
₴4103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴60680
₴65735
₴63428
₴63960
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 568
health
-
-
-
1 995
unemployment
-
-
-
69
income
-
-
-
12 675
total
-
-
-
17 307
Employee
8 624
-
81 096
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
pensions

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

757
-
1 524
-
income
862
-
8 110
-
health
397
-
798
-
total
2 111
-
10 623
-
Employer
8 624
-
81 096
-
pensions

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

950
-
1 912
-
unemployment
52
-
104
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
health
595
-
1 197
-
total
1 692
-
3 404
-
Corporate
74 183
84 500
-
-
income
7 418
8 450
-
-
total
7 418
8 450
-
-
Dividends
66 765
76 050
-
-
withholding
3 338
3 802
-
-
total
3 338
3 802
-
-
Income
84 500
84 500
84 500
84 500
Total tax
14 559
12 252
14 027
17 307
After tax
69 941
72 248
70 473
67 193
Living cost
6 513
6 513
6 513
6 513
Free-cash
63 428
65 735
63 960
60 680

Estimated living cost  is ₴6513 per week

₴3802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2073
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19325
₴14260
₴15509
₴24940
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 817
health
-
-
-
6 123
income
-
-
-
25 703
total
-
-
-
37 643
Employee
46 033
42 400
75 273
-
pensions
5 817
5 817
5 817
-
income

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

6 940
6 940
10 861
-
health
5 743
5 536
6 123
-
total
18 500
18 293
22 801
-
Employer
46 033
42 400
75 273
-
pensions
3 204
2 951
3 668
-
unemployment
1 657
1 526
1 897
-
health
3 199
2 947
3 662
-
total
8 060
7 424
9 227
-
Corporate
30 408
34 675
-
-
income
6 081
6 935
-
-
total
6 081
6 935
-
-
Dividends
24 327
27 741
-
-
withholding
3 649
4 161
-
-
income
5 169
5 895
-
-
total
8 818
10 056
-
-
Income
84 500
84 500
84 500
84 500
Total tax
41 459
42 708
32 028
37 643
After tax
43 041
41 792
52 472
46 857
Living cost
27 532
27 532
27 532
27 532
Free-cash
15 509
14 260
24 940
19 325

Estimated living cost  is ₴27532 per week

₴20310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2459
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34699
₴45840
₴41439
₴31048
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
11 407
social contributions
-
-
-
17 755
solidarity contribution
-
-
-
-
income
-
-
-
8 301
total
-
-
-
37 463
Employee
18 145
-
63 577
-
social contributions
1 179
-
3 952
-
income
2 177
-
7 656
-
solidarity contribution
-
-
-
-
health
2 450
-
8 583
-
total
5 806
-
20 191
-
Employer
18 145
-
63 577
-
social contributions
4 536
-
15 201
-
health
1 633
-
5 722
-
total
6 169
-
20 923
-
Corporate
60 186
84 500
-
-
income
11 435
16 055
-
-
total
11 435
16 055
-
-
Dividends
48 751
68 445
-
-
withholding
7 313
10 267
-
-
total
7 313
10 267
-
-
Income
84 500
84 500
84 500
84 500
Total tax
30 723
26 322
41 114
37 463
After tax
53 777
58 178
43 386
47 037
Living cost
12 338
12 338
12 338
12 338
Free-cash
41 439
45 840
31 048
34 699

Estimated living cost  is ₴12338 per week

₴8570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19607
₴24132
₴21541
₴15789
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
502
regional
-
-
-
994
social contributions
-
-
-
21 733
national
-
-
-
20 713
total
-
-
-
43 942
Employee
44 127
-
84 500
-
social contributions
14 880
-
28 494
-
municipal
234
-
448
-
regional
416
-
877
-
national
7 646
-
17 941
-
total
23 176
-
47 760
-
Employer
44 127
-
84 500
-
total
-
-
-
-
Corporate
40 373
84 500
-
-
nationa
9 690
20 280
-
-
municipal
1 574
3 296
-
-
total
11 264
23 576
-
-
Dividends
29 109
60 924
-
-
withholding
7 568
15 841
-
-
total
7 568
15 841
-
-
Income
84 500
84 500
84 500
84 500
Total tax
42 008
39 417
47 760
43 942
After tax
42 492
45 083
36 740
40 558
Living cost
20 951
20 951
20 951
20 951
Free-cash
21 541
24 132
15 789
19 607

Estimated living cost  is ₴20951 per week

₴14604
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1374
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4651
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29071
₴42194
₴40649
₴26014
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13 253
health
-
-
-
4 705
surtax
-
-
-
3 482
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
22 920
total
-
-
-
44 473
Employee
16 419
-
70 551
-
surtax
54
-
2 910
-
pensions
1 095
-
4 420
-
other
-
-
-
-
unemployment
1 143
-
4 612
-
income
2 752
-
19 951
-
health
419
-
1 689
-
total
5 463
-
33 582
-
Employer
16 419
-
70 551
-
pensions
2 189
-
8 833
-
other
-
-
-
-
unemployment
520
-
2 100
-
health
747
-
3 015
-
total
3 456
-
13 948
-
Corporate
64 625
84 500
-
-
income
16 803
21 970
-
-
total
16 803
21 970
-
-
Dividends
47 822
62 530
-
-
withholding
7 173
9 380
-
-
total
7 173
9 380
-
-
Income
84 500
84 500
84 500
84 500
Total tax
32 895
31 350
47 530
44 473
After tax
51 605
53 150
36 970
40 027
Living cost
10 956
10 956
10 956
10 956
Free-cash
40 649
42 194
26 014
29 071

Estimated living cost  is ₴10956 per week

₴6699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1011
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.
₴2993
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33766
₴33107
₴36347
₴26107
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 375
income
-
-
-
23 949
total
-
-
-
28 324
Employee
31 103
-
73 833
-
pensions
2 640
-
5 395
-
income
5 602
-
18 843
-
health
452
-
1 078
-
total
8 694
-
25 316
-
Employer
31 103
-
73 833
-
pensions
3 367
-
9 264
-
health
591
-
1 403
-
total
3 958
-
10 667
-
Corporate
49 439
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.

9 393
16 055
-
-
total
9 393
16 055
-
-
Dividends
40 046
68 445
-
-
withholding
3 698
12 928
-
-
total
3 698
12 928
-
-
Income
84 500
84 500
84 500
84 500
Total tax
25 743
28 983
35 983
28 324
After tax
58 757
55 517
48 517
56 176
Living cost
22 410
22 410
22 410
22 410
Free-cash
36 347
33 107
26 107
33 766

Estimated living cost  is ₴22410 per week

₴16789
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.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴29191
-₴957
₴15985
₴25125
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
3 986
city
-
-
-
891
pensions
-
-
-
7 774
health
-
-
-
190
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
national
-
-
-
1 181
total
-
-
-
15 712
Employee
46 339
-
75 633
-
regional
1 517
-
3 455
-
national
219
-
952
-
pensions
3 893
-
6 353
-
unemployment
-
-
-
-
city
497
-
813
-
health
105
-
170
-
total
6 231
-
11 743
-
Employer
46 339
-
75 633
-
pensions
3 893
-
6 353
-
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.

926
-
1 512
-
unemployment
-
-
-
-
health
105
-
170
-
total
4 924
-
8 035
-
Corporate
32 727
84 500
-
-
regional
6 922
17 872
-
-
national
2 782
7 182
-
-
total
9 704
25 054
-
-
Dividends
23 024
59 446
-
-
withholding
8 059
20 806
-
-
total
8 059
20 806
-
-
Income
84 500
84 500
84 500
84 500
Total tax
28 918
45 860
19 778
15 712
After tax
55 582
38 640
64 722
68 788
Living cost
39 597
39 597
39 597
39 597
Free-cash
15 985
-957
25 125
29 191

Estimated living cost  is ₴39597 per week

₴25750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3553
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9808
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴20620
₴19010
₴27061
₴31153
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
10 533
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.

-
-
-
3 392
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.

-
-
-
1 419
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.

-
-
-
25 791
total
-
-
-
41 135
Employee

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

29 839
-
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.

193
-
1 419
-
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.

3 509
-
25 791
-
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.

3 392
-
3 392
-
total
7 094
-
30 602
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 661
84 500
-
-
trade
9 374
14 491
-
-
income
8 199
12 675
-
-
chamber of commerce
153
194
-
-
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.

451
697
-
-
total
18 177
28 057
-
-
Dividends
36 483
56 443
-
-
withholding
8 932
13 922
-
-
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
766
-
-
total
9 423
14 688
-
-
Income
84 500
84 500
84 500
84 500
Total tax
34 694
42 745
30 602
41 135
After tax
49 806
41 755
53 898
43 365
Living cost
22 745
22 745
22 745
22 745
Free-cash
27 061
19 010
31 153
20 620

Estimated living cost  is ₴22745 per week

₴16612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1819
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4019
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
₴30678
₴25601
₴28533
₴29773
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
15 350
health
-
-
-
3 481
surtax
-
-
-
-
other
-
-
-
2 619
social contributions
-
-
-
2 408
income
-
-
-
12 977
total
-
-
-
36 835
Employee
21 250
-
65 642
-
social contributions
606
-
1 870
-
surtax
-
-
-
-
pensions
2 403
-
4 463
-
income
1 254
-
12 549
-
total
4 263
-
18 882
-
Employer
21 250
-
65 642
-
pensions
3 491
-
7 531
-
social contributions
64
-
197
-
other
733
-
2 517
-
unemployment
860
-
2 659
-
health
1 488
-
5 954
-
total
6 636
-
18 858
-
Corporate
56 614
84 500
-
-
income
15 852
23 660
-
-
surtax
-
-
-
-
total
15 852
23 660
-
-
Dividends
40 762
60 840
-
-
withholding
5 218
7 787
-
-
surtax
-
-
-
-
social contributions
7 011
10 465
-
-
total
12 229
18 252
-
-
Income
84 500
84 500
84 500
84 500
Total tax
38 980
41 912
37 740
36 835
After tax
45 520
42 588
46 760
47 665
Living cost
16 987
16 987
16 987
16 987
Free-cash
28 533
25 601
29 773
30 678

Estimated living cost  is ₴16987 per week

₴10711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1381
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32361
₴27284
₴30042
₴31456
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
15 350
health
-
-
-
3 481
surtax
-
-
-
-
other
-
-
-
2 619
social contributions
-
-
-
2 408
income
-
-
-
12 977
total
-
-
-
36 835
Employee
18 968
-
65 642
-
social contributions
541
-
1 870
-
surtax
-
-
-
-
pensions
2 145
-
4 463
-
income
978
-
12 549
-
total
3 664
-
18 882
-
Employer
18 968
-
65 642
-
pensions
3 117
-
7 531
-
social contributions
57
-
197
-
other
655
-
2 517
-
unemployment
768
-
2 659
-
health
1 328
-
5 954
-
total
5 925
-
18 858
-
Corporate
59 608
84 500
-
-
income
16 690
23 660
-
-
surtax
-
-
-
-
total
16 690
23 660
-
-
Dividends
42 917
60 840
-
-
withholding
5 493
7 787
-
-
surtax
-
-
-
-
social contributions
7 382
10 465
-
-
total
12 875
18 252
-
-
Income
84 500
84 500
84 500
84 500
Total tax
39 154
41 912
37 740
36 835
After tax
45 346
42 588
46 760
47 665
Living cost
15 304
15 304
15 304
15 304
Free-cash
30 042
27 284
31 456
32 361

Estimated living cost  is ₴15304 per week

₴8876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1555
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43738
₴41024
₴41280
₴42083
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 898
social contributions
-
-
-
11 661
income
-
-
-
12 675
total
-
-
-
30 234
Employee
16 835
-
84 500
-
social contributions
2 324
-
11 661
-
income
2 808
-
14 330
-
health
1 175
-
5 898
-
total
6 307
-
31 889
-
Employer
16 835
-
84 500
-
total
-
-
-
-
Corporate
67 665
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%.

3 384
4 225
-
-
total
3 384
4 225
-
-
Dividends
64 282
80 275
-
-
withholding
9 643
12 042
-
-
social contributions
8 871
11 078
-
-
health
4 487
5 603
-
-
total
23 001
28 723
-
-
Income
84 500
84 500
84 500
84 500
Total tax
32 692
32 948
31 889
30 234
After tax
51 808
51 552
52 611
54 266
Living cost
10 528
10 528
10 528
10 528
Free-cash
41 280
41 024
42 083
43 738

Estimated living cost  is ₴10528 per week

₴7046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴649
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25866
₴29286
₴28519
₴4944
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 731
health
-
-
-
4 437
surtax
-
-
-
98
unemployment
-
-
-
3 045
income
-
-
-
22 490
chamber of commerce
-
-
-
338
total
-
-
-
41 139
Employee
24 813
19 787
67 048
-
pensions
2 541
2 026
5 940
-
other
248
198
580
-
unemployment
744
594
1 740
-
income
2 825
1 459
17 813
-
health
960
766
2 244
-
total
7 318
5 043
28 317
-
Employer
24 813
19 787
67 048
-
payroll
744
594
2 012
-
chamber of commerce
99
79
269
-
pensions
3 114
2 484
7 280
-
surtax
98
98
98
-
other
1 179
939
3 107
-
unemployment
744
594
1 740
-
accident
322
257
754
-
health
938
748
2 193
-
total
7 238
5 793
17 453
-
Corporate
52 449
58 921
65 164
-
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.

13 112
14 730
16 291
-
total
13 112
14 730
16 291
-
Dividends
39 337
44 191
-
-
withholding
10 818
12 153
-
-
total
10 818
12 153
-
-
Income
84 500
84 500
84 500
84 500
Total tax
38 486
37 719
62 061
41 139
After tax
46 014
46 781
22 439
43 361
Living cost
17 495
17 495
17 495
17 495
Free-cash
28 519
29 286
4 944
25 866

Estimated living cost  is ₴17495 per week

₴11668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4047
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18511
₴29161
₴21714
₴11814
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 379
communal

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

-
-
-
4 328
national
-
-
-
31 179
total
-
-
-
47 886
Employee

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

35 516
-
65 447
-
national
10 919
-
23 565
-
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.

2 664
-
4 909
-
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.

309
-
569
-
communal

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

1 852
-
3 414
-
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.

1 669
-
3 076
-
total
17 413
-
35 533
-
Employer

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

35 516
-
65 447
-
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.

3 147
-
5 798
-
surtax
4 027
-
7 421
-
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.

518
-
955
-
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.

462
-
851
-
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.

2 184
-
4 025
-
total
10 338
-
19 050
-
Corporate
38 646
84 500
-
-
income
7 729
16 900
-
-
surtax
155
338
-
-
total
7 884
17 238
-
-
Dividends
30 763
67 262
-
-
withholding

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

9 048
19 998
-
-
total
9 048
19 998
-
-
Income
84 500
84 500
84 500
84 500
Total tax
44 683
37 236
54 583
47 886
After tax
39 817
47 264
29 917
36 614
Living cost
18 103
18 103
18 103
18 103
Free-cash
21 714
29 161
11 814
18 511

Estimated living cost  is ₴18103 per week

₴11661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1583
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.
₴4576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29524
₴38429
₴34967
₴27441
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13 023
other
-
-
-
46
unemployment
-
-
-
322
accident
-
-
-
415
income
-
-
-
23 239
total
-
-
-
37 045
Employee
24 715
-
69 829
-
pensions
1 162
-
2 163
-
other
24
-
46
-
unemployment
383
-
713
-
income
5 215
-
21 535
-
total
6 784
-
24 457
-
Employer
24 715
-
69 829
-
pensions
5 832
-
10 861
-
other
197
-
368
-
unemployment
1 360
-
2 531
-
accident
489
-
911
-
total
7 878
-
14 671
-
Corporate
51 907
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.

7 787
12 675
-
-
total
7 787
12 675
-
-
Dividends
44 121
71 825
-
-
withholding
9 153
15 465
-
-
total
9 153
15 465
-
-
Income
84 500
84 500
84 500
84 500
Total tax
31 602
28 140
39 128
37 045
After tax
52 898
56 360
45 372
47 455
Living cost
17 931
17 931
17 931
17 931
Free-cash
34 967
38 429
27 441
29 524

Estimated living cost  is ₴17931 per week

₴13204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1272
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.
₴3196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15128
₴22635
₴16425
₴18495
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
12 665
health
-
-
-
5 937
surtax
-
-
-
4 189
accident
-
-
-
712
communal
-
-
-
5 340
income
-
-
-
13 547
total
-
-
-
42 390
Employee
37 600
-
75 480
-
surtax
2 305
-
4 625
-
pensions
3 008
-
6 039
-
income
3 632
-
15 980
-
health
1 673
-
3 359
-
total
10 618
-
30 003
-
Employer
37 600
-
75 480
-
pensions
3 008
-
6 039
-
accident
338
-
679
-
health
1 147
-
2 302
-
total
4 493
-
9 020
-
Corporate
42 407
84 500
-
-
communal
2 862
5 704
-
-
income
6 361
12 675
-
-
surtax
446
888
-
-
total
9 669
19 267
-
-
Dividends
32 738
65 233
-
-
withholding
4 911
9 785
-
-
income
11 402
5 831
-
-
total
16 313
15 616
-
-
Income
84 500
84 500
84 500
84 500
Total tax
41 093
34 883
39 023
42 390
After tax
43 407
49 617
45 477
42 110
Living cost
26 982
26 982
26 982
26 982
Free-cash
16 425
22 635
18 495
15 128

Estimated living cost  is ₴26982 per week

₴20241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28875
₴41998
₴40420
₴25818
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13 253
health
-
-
-
4 705
surtax
-
-
-
3 482
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
22 920
total
-
-
-
44 473
Employee
16 721
-
70 551
-
surtax
59
-
2 910
-
pensions
1 116
-
4 420
-
other
-
-
-
-
unemployment
1 164
-
4 612
-
income
2 803
-
19 951
-
health
427
-
1 689
-
total
5 569
-
33 582
-
Employer
16 721
-
70 551
-
pensions
2 229
-
8 833
-
other
-
-
-
-
unemployment
530
-
2 100
-
health
760
-
3 015
-
total
3 519
-
13 948
-
Corporate
64 259
84 500
-
-
income
16 707
21 970
-
-
total
16 707
21 970
-
-
Dividends
47 552
62 530
-
-
withholding
7 133
9 380
-
-
total
7 133
9 380
-
-
Income
84 500
84 500
84 500
84 500
Total tax
32 928
31 350
47 530
44 473
After tax
51 572
53 150
36 970
40 027
Living cost
11 152
11 152
11 152
11 152
Free-cash
40 420
41 998
25 818
28 875

Estimated living cost  is ₴11152 per week

₴6733
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
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.
₴3191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26903
₴31041
₴29939
₴23105
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
502
regional
-
-
-
1 274
social contributions
-
-
-
21 733
national
-
-
-
20 713
total
-
-
-
44 222
Employee
27 542
-
84 500
-
social contributions
9 287
-
28 494
-
municipal
146
-
448
-
regional
371
-
1 137
-
national
4 363
-
17 941
-
total
14 167
-
48 020
-
Employer
27 542
-
84 500
-
total
-
-
-
-
Corporate
56 958
84 500
-
-
nationa
13 670
20 280
-
-
municipal
2 830
4 199
-
-
total
16 500
24 479
-
-
Dividends
40 458
60 020
-
-
withholding
10 519
15 605
-
-
total
10 519
15 605
-
-
Income
84 500
84 500
84 500
84 500
Total tax
41 186
40 084
48 020
44 222
After tax
43 314
44 416
36 480
40 278
Living cost
13 375
13 375
13 375
13 375
Free-cash
29 939
31 041
23 105
26 903

Estimated living cost  is ₴13375 per week

₴8318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1355
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.
₴3473
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31833
₴42974
₴37552
₴28182
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
11 407
social contributions
-
-
-
17 755
solidarity contribution
-
-
-
-
income
-
-
-
8 301
total
-
-
-
37 463
Employee
22 359
-
63 577
-
social contributions
1 453
-
3 952
-
income
2 683
-
7 656
-
solidarity contribution
-
-
-
-
health
3 018
-
8 583
-
total
7 154
-
20 191
-
Employer
22 359
-
63 577
-
social contributions
5 590
-
15 201
-
health
2 012
-
5 722
-
total
7 602
-
20 923
-
Corporate
54 539
84 500
-
-
income
10 362
16 055
-
-
total
10 362
16 055
-
-
Dividends
44 176
68 445
-
-
withholding
6 626
10 267
-
-
total
6 626
10 267
-
-
Income
84 500
84 500
84 500
84 500
Total tax
31 744
26 322
41 114
37 463
After tax
52 756
58 178
43 386
47 037
Living cost
15 204
15 204
15 204
15 204
Free-cash
37 552
42 974
28 182
31 833

Estimated living cost  is ₴15204 per week

₴11307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴842
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴27619
₴30995
₴30747
₴6624
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 731
health
-
-
-
4 437
surtax
-
-
-
-
unemployment
-
-
-
3 045
income
-
-
-
22 490
chamber of commerce
-
-
-
338
total
-
-
-
41 041
Employee
21 704
19 787
67 140
-
pensions
2 223
2 026
5 940
-
other
217
198
580
-
unemployment
651
594
1 740
-
income
1 933
1 459
17 857
-
health
840
766
2 244
-
total
5 864
5 043
28 361
-
Employer
21 704
19 787
67 140
-
payroll
651
594
2 014
-
chamber of commerce
87
79
269
-
pensions
2 724
2 484
7 280
-
surtax
-
-
-
-
other
1 031
939
3 111
-
unemployment
651
594
1 740
-
accident
282
257
754
-
health
821
748
2 193
-
total
6 247
5 695
17 361
-
Corporate
56 550
59 019
65 255
-
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.

14 138
14 754
16 314
-
total
14 138
14 754
16 314
-
Dividends
42 412
44 264
-
-
withholding
11 664
12 173
-
-
total
11 664
12 173
-
-
Income
84 500
84 500
84 500
84 500
Total tax
37 913
37 665
62 036
41 041
After tax
46 587
46 835
22 464
43 459
Living cost
15 840
15 840
15 840
15 840
Free-cash
30 747
30 995
6 624
27 619

Estimated living cost  is ₴15840 per week

₴9502
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4438
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴77333
₴73953
₴72767
₴61278
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 903
-
84 500
-
income
1 581
-
16 900
-
total
1 581
-
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%.

76 597
84 500
-
-
total
-
-
-
-
Dividends
76 597
84 500
-
-
withholding
3 830
4 225
-
-
total
3 830
4 225
-
-
Income
84 500
84 500
84 500
84 500
Total tax
5 411
4 225
16 900
845
After tax
79 089
80 275
67 600
83 655
Living cost
6 322
6 322
6 322
6 322
Free-cash
72 767
73 953
61 278
77 333

Estimated living cost  is ₴6322 per week

₴4278
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
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.
₴1566
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28103
₴44862
₴40710
₴25866
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
15 432
health
-
-
-
8 315
unemployment
-
-
-
127
income
-
-
-
19 206
total
-
-
-
43 080
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.

21 956
-
73 114
-
pensions
3 403
-
11 333
-
unemployment
31
-
103
-
income
3 786
-
17 775
-
health
1 418
-
4 723
-
total
8 638
-
33 934
-
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.

21 956
-
73 114
-
pensions
1 943
-
6 470
-
unemployment
13
-
44
-
health
1 462
-
4 869
-
total
3 418
-
11 383
-
Corporate
59 126
84 500
-
-
income
11 234
16 055
-
-
total
11 234
16 055
-
-
Dividends
47 892
68 445
-
-
withholding
7 183
10 266
-
-
total
7 183
10 266
-
-
Income
84 500
84 500
84 500
84 500
Total tax
30 473
26 321
45 317
43 080
After tax
54 027
58 179
39 183
41 420
Living cost
13 317
13 317
13 317
13 317
Free-cash
40 710
44 862
25 866
28 103

Estimated living cost  is ₴13317 per week

₴9140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴854
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.
₴3067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36733
₴29747
₴5866
₴56232
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 633
income
-
-
-
16 471
total
-
-
-
26 104
Employee
31 061
-
-
-
social contributions
2 547
-
363
-
income
6 852
-
-
-
total
9 399
-
363
-
Employer
31 061
-
-
-
social contributions
43 796
-
6 242
-
total
43 796
-
6 242
-
Corporate
9 642
84 500
-
-
income
2 121
18 590
-
-
total
2 121
18 590
-
-
Dividends
7 521
65 910
-
-
income
1 655
14 500
-
-
total
1 655
14 500
-
-
Income
84 500
84 500
84 500
84 500
Total tax
56 971
33 090
6 605
26 104
After tax
27 529
51 410
77 895
58 396
Living cost
21 663
21 663
21 663
21 663
Free-cash
5 866
29 747
56 232
36 733

Estimated living cost  is ₴21663 per week

₴14056
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2037
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.
₴5294
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29813
₴32489
₴31990
₴23463
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
29 363
income
-
-
-
9 750
total
-
-
-
39 113
Employee
22 836
-
68 283
-
social contributions
2 512
-
7 511
-
surtax
-
-
-
-
income
4 750
-
21 735
-
total
7 262
-
29 246
-
Employer
22 836
-
68 283
-
social contributions
5 423
-
16 217
-
total
5 423
-
16 217
-
Corporate
56 241
84 500
-
-
income
11 811
17 745
-
-
surtax
-
-
-
-
total
11 811
17 745
-
-
Dividends
44 430
66 755
-
-
withholding
12 440
18 692
-
-
total
12 440
18 692
-
-
Income
84 500
84 500
84 500
84 500
Total tax
36 936
36 437
45 463
39 113
After tax
47 564
48 063
39 037
45 387
Living cost
15 574
15 574
15 574
15 574
Free-cash
31 990
32 489
23 463
29 813

Estimated living cost  is ₴15574 per week

₴11652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴919
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2743
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23684
₴18607
₴22020
₴22779
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
15 350
health
-
-
-
3 481
surtax
-
-
-
-
other
-
-
-
2 619
social contributions
-
-
-
2 408
income
-
-
-
12 977
total
-
-
-
36 835
Employee
31 097
-
65 642
-
social contributions
886
-
1 870
-
surtax
-
-
-
-
pensions
3 517
-
4 463
-
income
2 713
-
12 549
-
total
7 116
-
18 882
-
Employer
31 097
-
65 642
-
pensions
5 110
-
7 531
-
social contributions
93
-
197
-
other
1 073
-
2 517
-
unemployment
1 260
-
2 659
-
health
2 177
-
5 954
-
total
9 713
-
18 858
-
Corporate
43 690
84 500
-
-
income
12 233
23 660
-
-
surtax
-
-
-
-
total
12 233
23 660
-
-
Dividends
31 457
60 840
-
-
withholding
4 026
7 787
-
-
surtax
-
-
-
-
social contributions
5 411
10 465
-
-
total
9 437
18 252
-
-
Income
84 500
84 500
84 500
84 500
Total tax
38 499
41 912
37 740
36 835
After tax
46 001
42 588
46 760
47 665
Living cost
23 981
23 981
23 981
23 981
Free-cash
22 020
18 607
22 779
23 684

Estimated living cost  is ₴23981 per week

₴16230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1962
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.
₴5460
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47409
₴61125
₴59458
₴49655
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 590
income
-
-
-
3 576
total
-
-
-
22 166
Employee
15 962
-
73 160
-
social contributions
1 037
-
4 755
-
income
-
-
3 825
-
total
1 037
-
8 580
-
Employer
15 962
-
73 160
-
social contributions
2 474
-
11 340
-
total
2 474
-
11 340
-
Corporate
66 063
84 500
-
-
income
6 606
8 450
-
-
total
6 606
8 450
-
-
Dividends
59 458
76 050
-
-
total
-
-
-
-
Income
84 500
84 500
84 500
84 500
Total tax
10 117
8 450
19 920
22 166
After tax
74 383
76 050
64 580
62 334
Living cost
14 925
14 925
14 925
14 925
Free-cash
59 458
61 125
49 655
47 409

Estimated living cost  is ₴14925 per week

₴9650
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1125
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.
₴3869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26116
-₴23554
-₴23554
-₴23554
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
17 517
pensions
-
-
-
430
labour market
-
-
-
6 726
national
-
-
-
9 826
total
-
-
-
34 499
Employee
100 812
100 812
100 812
-
municipal
21 467
21 467
21 467
-
national
12 316
12 316
12 316
-
pensions
143
143
143
-
labour market
8 053
8 053
8 053
-
total
41 979
41 979
41 979
-
Employer
100 812
100 812
100 812
-
labour market
8 065
8 065
8 065
-
pensions
287
287
287
-
municipal
21 501
21 501
21 501
-
national
12 337
12 337
12 337
-
total
42 190
42 190
42 190
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
84 500
84 500
84 500
84 500
Total tax
84 169
84 169
84 169
34 499
After tax
331
331
331
50 001
Living cost
23 885
23 885
23 885
23 885
Free-cash
-23 554
-23 554
-23 554
26 116

Estimated living cost  is ₴23885 per week

₴16347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2113
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴367
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5057
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46835
-₴4102
₴5164
₴34796
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 101
health
-
-
-
1 101
other
-
-
-
187
accident
-
-
-
128
income
-
-
-
23 202
total
-
-
-
26 719
Employee
17 218
-
75 813
-
pensions
1 939
-
3 853
-
income
2 362
-
17 537
-
health
1 972
-
8 681
-
total
6 273
-
30 071
-
Employer
17 218
-
75 813
-
pensions
2 800
-
5 564
-
unemployment
422
-
1 857
-
accident
288
-
1 266
-
total
3 510
-
8 687
-
Corporate
63 772
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.

57 395
76 050
-
-
total
57 395
76 050
-
-
Dividends
6 377
8 450
-
-
withholding
1 212
1 606
-
-
total
1 212
1 606
-
-
Income
84 500
84 500
84 500
84 500
Total tax
68 390
77 656
38 758
26 719
After tax
16 110
6 844
45 742
57 781
Living cost
10 946
10 946
10 946
10 946
Free-cash
5 164
-4 102
34 796
46 835

Estimated living cost  is ₴10946 per week

₴7967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35869
₴34071
₴35248
₴25451
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
15 013
health
-
-
-
1 094
national
-
-
-
13 462
total
-
-
-
29 569
Employee
26 122
-
71 087
-
municipal
4 279
-
11 580
-
national
432
-
8 239
-
pensions
1 763
-
4 799
-
unemployment
392
-
1 067
-
health
195
-
888
-
total
7 061
-
26 573
-
Employer
26 122
-
71 087
-
pensions
4 532
-
12 334
-
unemployment
170
-
462
-
accident
26
-
71
-
health
201
-
547
-
total
4 929
-
13 414
-
Corporate
53 449
84 500
-
-
income
10 689
16 900
-
-
total
10 689
16 900
-
-
Dividends

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

32 070
50 700
-
-
municipal
5 773
9 126
-
-
national
1 738
5 341
-
-
total
7 511
14 467
-
-
Income
84 500
84 500
84 500
84 500
Total tax
30 190
31 367
39 987
29 569
After tax
54 310
53 133
44 513
54 931
Living cost
19 062
19 062
19 062
19 062
Free-cash
35 248
34 071
25 451
35 869

Estimated living cost  is ₴19062 per week

₴12451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4475
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46408
₴50156
₴47456
₴45655
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 155
social contributions
-
-
-
8 033
income
-
-
-
16 408
total
-
-
-
26 596
Employee
38 179
38 179
78 768
-
social contributions
1 443
3 169
4 274
-
income
4 157
3 534
16 004
-
health
296
649
1 339
-
total
5 896
7 352
21 617
-
Employer
38 179
38 179
78 768
-
social contributions
1 443
3 169
4 274
-
health
321
707
1 458
-
total
1 764
3 876
5 732
-
Corporate
65 343
42 445
-
-
income
8 168
5 306
-
-
total
8 168
5 306
-
-
Dividends
57 175
37 140
-
-
withholding
9 720
6 314
-
-
total
9 720
6 314
-
-
Income
84 500
84 500
84 500
84 500
Total tax
25 548
22 848
27 349
26 596
After tax
58 952
61 652
57 151
57 904
Living cost
11 496
11 496
11 496
11 496
Free-cash
47 456
50 156
45 655
46 408

Estimated living cost  is ₴11496 per week

₴6890
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3224
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63075
₴62091
₴59564
₴53115
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 158
health
-
-
-
1 797
unemployment
-
-
-
14
income
-
-
-
8 573
total
-
-
-
13 542
Employee

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

11 397
-
79 648
-
pensions
1 709
-
7 067
-
unemployment
57
-
236
-
income
779
-
7 342
-
health
969
-
4 004
-
total
3 514
-
18 649
-
Employer

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

11 397
-
79 648
-
pensions
627
-
2 591
-
unemployment
57
-
236
-
health
490
-
2 026
-
total
1 174
-
4 853
-
Corporate
71 930
84 500
-
-
income
6 474
7 605
-
-
total
6 474
7 605
-
-
Dividends
65 456
76 895
-
-
withholding
5 891
6 921
-
-
total
5 891
6 921
-
-
Income
84 500
84 500
84 500
84 500
Total tax
17 053
14 526
23 502
13 542
After tax
67 447
69 974
60 998
70 958
Living cost
7 883
7 883
7 883
7 883
Free-cash
59 564
62 091
53 115
63 075

Estimated living cost  is ₴7883 per week

₴5030
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴568
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2050
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33802
₴42707
₴40515
₴31719
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13 023
other
-
-
-
46
unemployment
-
-
-
322
accident
-
-
-
415
income
-
-
-
23 239
total
-
-
-
37 045
Employee
18 359
-
69 829
-
pensions
863
-
2 163
-
other
18
-
46
-
unemployment
285
-
713
-
income
3 539
-
21 535
-
total
4 705
-
24 457
-
Employer
18 359
-
69 829
-
pensions
4 332
-
10 861
-
other
147
-
368
-
unemployment
1 010
-
2 531
-
accident
364
-
911
-
total
5 853
-
14 671
-
Corporate
60 288
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.

9 043
12 675
-
-
total
9 043
12 675
-
-
Dividends
51 245
71 825
-
-
withholding
10 731
15 465
-
-
total
10 731
15 465
-
-
Income
84 500
84 500
84 500
84 500
Total tax
30 332
28 140
39 128
37 045
After tax
54 168
56 360
45 372
47 455
Living cost
13 653
13 653
13 653
13 653
Free-cash
40 515
42 707
31 719
33 802

Estimated living cost  is ₴13653 per week

₴9216
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1313
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2886
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53391
₴51761
₴51602
₴53322
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
705
health
-
-
-
511
income
-
-
-
28 926
total
-
-
-
30 142
Employee
1 473
-
83 706
-
pensions
133
-
317
-
unemployment
15
-
35
-
income
285
-
28 889
-
health
74
-
176
-
total
507
-
29 417
-
Employer
1 473
-
83 706
-
pensions
162
-
388
-
unemployment
29
-
71
-
health
140
-
335
-
total
331
-
794
-
Corporate
82 695
84 500
-
-
income
18 193
18 590
-
-
total
18 193
18 590
-
-
Dividends
64 502
65 910
-
-
withholding
12 900
13 182
-
-
total
12 900
13 182
-
-
Income
84 500
84 500
84 500
84 500
Total tax
31 931
31 772
30 211
30 142
After tax
52 569
52 728
54 289
54 358
Living cost
967
967
967
967
Free-cash
51 602
51 761
53 322
53 391

Estimated living cost  is ₴967 per week

₴575
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.
₴292
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43006
₴52470
₴50028
₴43004
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
9 534
health
-
-
-
3 777
unemployment
-
-
-
550
income
-
-
-
19 052
total
-
-
-
32 913
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.

12 940
-
77 936
-
pensions
1 812
-
5 134
-
unemployment
97
-
275
-
income
1 784
-
19 052
-
health
666
-
1 889
-
total
4 359
-
26 350
-
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.

12 940
-
77 936
-
pensions
1 553
-
4 401
-
unemployment
97
-
275
-
health
666
-
1 889
-
total
2 316
-
6 565
-
Corporate
69 244
84 500
-
-
income
10 387
12 675
-
-
total
10 387
12 675
-
-
Dividends
58 857
71 825
-
-
withholding
8 829
10 774
-
-
total
8 829
10 774
-
-
Income
84 500
84 500
84 500
84 500
Total tax
25 891
23 449
32 915
32 913
After tax
58 609
61 051
51 585
51 587
Living cost
8 581
8 581
8 581
8 581
Free-cash
50 028
52 470
43 004
43 006

Estimated living cost  is ₴8581 per week

₴5778
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴664
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1891
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32001
₴34677
₴34500
₴25651
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
29 363
income
-
-
-
9 750
total
-
-
-
39 113
Employee
19 271
-
68 283
-
social contributions
2 120
-
7 511
-
surtax
-
-
-
-
income
3 765
-
21 735
-
total
5 885
-
29 246
-
Employer
19 271
-
68 283
-
social contributions
4 576
-
16 217
-
total
4 576
-
16 217
-
Corporate
60 653
84 500
-
-
income
12 737
17 745
-
-
surtax
-
-
-
-
total
12 737
17 745
-
-
Dividends
47 916
66 755
-
-
withholding
13 416
18 692
-
-
total
13 416
18 692
-
-
Income
84 500
84 500
84 500
84 500
Total tax
36 614
36 437
45 463
39 113
After tax
47 886
48 063
39 037
45 387
Living cost
13 386
13 386
13 386
13 386
Free-cash
34 500
34 677
25 651
32 001

Estimated living cost  is ₴13386 per week

₴9481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2738
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30005
₴38910
₴35618
₴27922
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13 023
other
-
-
-
46
unemployment
-
-
-
322
accident
-
-
-
415
income
-
-
-
23 239
total
-
-
-
37 045
Employee
23 979
-
69 829
-
pensions
1 127
-
2 163
-
other
24
-
46
-
unemployment
371
-
713
-
income
5 008
-
21 535
-
total
6 530
-
24 457
-
Employer
23 979
-
69 829
-
pensions
5 659
-
10 861
-
other
192
-
368
-
unemployment
1 319
-
2 531
-
accident
475
-
911
-
total
7 645
-
14 671
-
Corporate
52 876
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.

7 932
12 675
-
-
total
7 932
12 675
-
-
Dividends
44 944
71 825
-
-
withholding
9 325
15 465
-
-
total
9 325
15 465
-
-
Income
84 500
84 500
84 500
84 500
Total tax
31 432
28 140
39 128
37 045
After tax
53 068
56 360
45 372
47 455
Living cost
17 450
17 450
17 450
17 450
Free-cash
35 618
38 910
27 922
30 005

Estimated living cost  is ₴17450 per week

₴12532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1357
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3316
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58648
₴63703
₴60676
₴61928
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 568
health
-
-
-
1 995
unemployment
-
-
-
69
income
-
-
-
12 675
total
-
-
-
17 307
Employee
11 315
-
81 096
-
accident

We are using the highest rate at 1.1%.

124
-
191
-
pensions

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

993
-
1 524
-
income
1 132
-
8 110
-
health
521
-
798
-
total
2 770
-
10 623
-
Employer
11 315
-
81 096
-
pensions

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

1 247
-
1 912
-
unemployment
68
-
104
-
accident

We are using the highest rate at 1.1%.

124
-
191
-
health
781
-
1 197
-
total
2 220
-
3 404
-
Corporate
70 964
84 500
-
-
income
7 096
8 450
-
-
total
7 096
8 450
-
-
Dividends
63 868
76 050
-
-
withholding
3 193
3 802
-
-
total
3 193
3 802
-
-
Income
84 500
84 500
84 500
84 500
Total tax
15 279
12 252
14 027
17 307
After tax
69 221
72 248
70 473
67 193
Living cost
8 545
8 545
8 545
8 545
Free-cash
60 676
63 703
61 928
58 648

Estimated living cost  is ₴8545 per week

₴5652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25915
₴24324
₴30818
₴34729
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
8 814
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.

-
-
-
3 392
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.

-
-
-
1 419
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.

-
-
-
25 791
total
-
-
-
39 416
Employee

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

24 704
-
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.

112
-
1 419
-
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.

2 031
-
25 791
-
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.

3 392
-
3 392
-
total
5 535
-
30 602
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 796
84 500
-
-
trade
8 581
12 125
-
-
income
8 969
12 675
-
-
chamber of commerce
163
200
-
-
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.

494
697
-
-
total
18 207
25 697
-
-
Dividends
41 589
58 803
-
-
withholding
10 209
14 512
-
-
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.

562
798
-
-
total
10 771
15 310
-
-
Income
84 500
84 500
84 500
84 500
Total tax
34 513
41 007
30 602
39 416
After tax
49 987
43 493
53 898
45 084
Living cost
19 169
19 169
19 169
19 169
Free-cash
30 818
24 324
34 729
25 915

Estimated living cost  is ₴19169 per week

₴13223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2063
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16594
₴30868
₴31962
₴16594
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 029
income
-
-
-
25 594
total
-
-
-
39 623
Employee
38 838
-
84 500
-
social contributions
3 227
-
14 029
-
income
7 329
-
25 594
-
total
10 556
-
39 623
-
Employer
38 838
-
84 500
-
total
-
-
-
-
Corporate
45 662
84 500
-
-
income
5 708
10 562
-
-
total
5 708
10 562
-
-
Dividends
39 954
73 938
-
-
withholding
7 991
14 787
-
-
total
7 991
14 787
-
-
Income
84 500
84 500
84 500
84 500
Total tax
24 255
25 349
39 623
39 623
After tax
60 245
59 151
44 877
44 877
Living cost
28 283
28 283
28 283
28 283
Free-cash
31 962
30 868
16 594
16 594

Estimated living cost  is ₴28283 per week

₴21517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49299
₴34279
₴36015
₴42238
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 045
income
-
-
-
14 133
total
-
-
-
17 178
Employee
22 777
-
82 216
-
social contributions
2 282
-
2 284
-
income
2 471
-
19 671
-
total
4 753
-
21 955
-
Employer
22 777
-
82 216
-
social contributions
2 282
-
2 284
-
total
2 282
-
2 284
-
Corporate
59 441
84 500
-
-
income
20 804
29 575
-
-
total
20 804
29 575
-
-
Dividends
38 637
54 925
-
-
social contributions
2 623
2 623
-
-
total
2 623
2 623
-
-
Income
84 500
84 500
84 500
84 500
Total tax
30 462
32 198
24 239
17 178
After tax
54 038
52 302
60 261
67 322
Living cost
18 023
18 023
18 023
18 023
Free-cash
36 015
34 279
42 238
49 299

Estimated living cost  is ₴18023 per week

₴11872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1421
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.
₴4454
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37958
₴37299
₴40202
₴30299
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 375
income
-
-
-
23 949
total
-
-
-
28 324
Employee
25 007
-
73 833
-
pensions
1 909
-
5 395
-
income
4 554
-
18 843
-
health
326
-
1 078
-
total
6 789
-
25 316
-
Employer
25 007
-
73 833
-
pensions
2 527
-
9 264
-
health
475
-
1 403
-
total
3 002
-
10 667
-
Corporate
56 491
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.

10 734
16 055
-
-
total
10 734
16 055
-
-
Dividends
45 757
68 445
-
-
withholding
5 555
12 928
-
-
total
5 555
12 928
-
-
Income
84 500
84 500
84 500
84 500
Total tax
26 080
28 983
35 983
28 324
After tax
58 420
55 517
48 517
56 176
Living cost
18 218
18 218
18 218
18 218
Free-cash
40 202
37 299
30 299
37 958

Estimated living cost  is ₴18218 per week

₴12498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1675
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.
₴3816
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴45752
-₴5185
₴4998
₴33713
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 101
health
-
-
-
1 101
other
-
-
-
187
accident
-
-
-
128
income
-
-
-
23 202
total
-
-
-
26 719
Employee
18 923
-
75 813
-
pensions
2 131
-
3 853
-
income
2 596
-
17 537
-
health
2 167
-
8 681
-
total
6 894
-
30 071
-
Employer
18 923
-
75 813
-
pensions
3 077
-
5 564
-
unemployment
464
-
1 857
-
accident
316
-
1 266
-
total
3 857
-
8 687
-
Corporate
61 721
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.

55 549
76 050
-
-
total
55 549
76 050
-
-
Dividends
6 172
8 450
-
-
withholding
1 173
1 606
-
-
total
1 173
1 606
-
-
Income
84 500
84 500
84 500
84 500
Total tax
67 473
77 656
38 758
26 719
After tax
17 027
6 844
45 742
57 781
Living cost
12 029
12 029
12 029
12 029
Free-cash
4 998
-5 185
33 713
45 752

Estimated living cost  is ₴12029 per week

₴8828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42096
₴64407
₴62086
₴53004
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
14 596
health insurance
-
-
-
5 870
work injury
-
-
-
397
unemployment
-
-
-
952
income
-
-
-
13 889
total
-
-
-
35 704
Employee

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

10 720
-
84 500
-
pensions
1 972
-
7 298
-
health insurance
793
-
2 935
-
unemployment
129
-
476
-
income
1 072
-
13 889
-
work injury
54
-
198
-
total
4 020
-
24 796
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
73 780
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
73 042
83 655
-
-
withholding
10 956
12 548
-
-
total
10 956
12 548
-
-
Income
84 500
84 500
84 500
84 500
Total tax
15 714
13 393
24 796
35 704
After tax
68 786
71 107
59 704
48 796
Living cost
6 700
6 700
6 700
6 700
Free-cash
62 086
64 407
53 004
42 096

Estimated living cost  is ₴6700 per week

₴4151
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.
₴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.
₴1853
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19777
₴24729
₴22470
₴16068
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
565
regional
-
-
-
1 932
social contributions
-
-
-
21 733
national
-
-
-
20 713
total
-
-
-
44 943
Employee
41 839
-
84 500
-
social contributions
14 108
-
28 494
-
municipal
250
-
504
-
regional
632
-
1 713
-
national
7 070
-
17 941
-
total
22 060
-
48 652
-
Employer
41 839
-
84 500
-
total
-
-
-
-
Corporate
42 661
84 500
-
-
nationa
10 239
20 280
-
-
municipal
2 056
4 073
-
-
total
12 295
24 353
-
-
Dividends
30 366
60 146
-
-
withholding
7 895
15 638
-
-
total
7 895
15 638
-
-
Income
84 500
84 500
84 500
84 500
Total tax
42 250
39 991
48 652
44 943
After tax
42 250
44 509
35 848
39 557
Living cost
19 780
19 780
19 780
19 780
Free-cash
22 470
24 729
16 068
19 777

Estimated living cost  is ₴19780 per week

₴13894
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1361
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4226
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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