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
₴29631
₴34368
₴29813
₴39985
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 172
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.

-
-
-
27 124
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.

-
-
-
2 926
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.

-
-
-
1 492
total
-
-
-
41 714
Employee

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

16 382
-
84 500
-
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.

2 926
-
2 926
-
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.

25
-
1 492
-
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.

458
-
27 124
-
total
3 409
-
31 542
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 118
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.

562
697
-
-
income
10 218
12 675
-
-
trade
10 728
13 309
-
-
chamber of commerce
163
186
-
-
total
21 671
26 867
-
-
Dividends
46 447
57 632
-
-
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.

630
784
-
-
withholding
11 449
14 245
-
-
total
12 079
15 029
-
-
Income
84 500
84 500
84 500
84 500
Total tax
37 159
41 896
31 542
41 714
After tax
47 341
42 604
52 958
42 786
Living cost
12 973
12 973
12 973
12 973
Free-cash
34 368
29 631
39 985
29 813

Estimated living cost  is ₴12973 per week

₴8161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
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.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31085
₴30724
₴27330
₴27784
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 323
pensions
-
-
-
10 140
national
-
-
-
15 156
social contributions
-
-
-
908
total
-
-
-
35 527
Employee
33 550
-
73 049
-
municipal
4 144
-
9 650
-
pensions
1 342
-
2 922
-
national
6 422
-
15 872
-
total
11 908
-
28 444
-
Employer
33 550
-
73 049
-
social contributions
361
-
785
-
pensions
2 684
-
5 844
-
total
3 045
-
6 629
-
Corporate
45 691
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%.

9 138
16 900
-
-
total
9 138
16 900
-
-
Dividends
36 552
67 600
-
-
withholding
8 042
14 872
-
-
total
8 042
14 872
-
-
Income
84 500
84 500
84 500
84 500
Total tax
32 133
31 772
35 073
35 527
After tax
52 367
52 728
49 427
48 973
Living cost
21 643
21 643
21 643
21 643
Free-cash
30 724
31 085
27 784
27 330

Estimated living cost  is ₴21643 per week

₴14710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58689
₴55175
₴21025
₴27204
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
16 605
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.

-
-
-
16 411
total
-
-
-
54 564
Employee
12 516
-
65 048
-
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.

1 377
-
5 615
-
surtax
-
-
9 432
-
income
2 228
-
13 886
-
total
3 605
-
28 933
-
Employer
12 516
-
65 048
-
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.

3 015
-
12 297
-
surtax
-
-
7 155
-
total
3 015
-
19 452
-
Corporate
68 970
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%.

13 794
16 900
-
-
total
13 794
16 900
-
-
Dividends

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

55 175
67 600
-
-
total
-
-
-
-
Income
84 500
84 500
84 500
84 500
Total tax
20 414
16 900
48 385
54 564
After tax
64 086
67 600
36 115
29 936
Living cost
8 911
8 911
8 911
8 911
Free-cash
55 175
58 689
27 204
21 025

Estimated living cost  is ₴8911 per week

₴5685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24027
₴21403
₴28078
₴35834
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
28 179
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
38 479
Employee
36 577
36 577
76 540
-
health
5 614
4 775
5 282
-
income

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

5 987
5 987
12 464
-
pensions
6 584
5 018
5 018
-
total
18 185
15 780
22 764
-
Employer
36 577
36 577
76 540
-
unemployment
1 317
1 317
1 636
-
pensions
2 546
2 546
3 164
-
health
2 542
2 542
3 159
-
total
6 405
6 405
7 959
-
Corporate
41 967
41 518
-
-
income
8 393
8 304
-
-
total
8 393
8 304
-
-
Dividends
33 574
33 215
-
-
income
7 135
7 058
-
-
withholding
5 036
4 983
-
-
total
12 171
12 041
-
-
Income
84 500
84 500
84 500
84 500
Total tax
45 154
42 530
30 723
38 479
After tax
39 346
41 970
53 777
46 021
Living cost
17 943
17 943
17 943
17 943
Free-cash
21 403
24 027
35 834
28 078

Estimated living cost  is ₴17943 per week

₴12716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
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.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29588
₴29217
₴26134
₴25732
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 065
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 215
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
9 244
total
-
-
-
41 817
Employee
23 581
-
73 104
-
municipal
7 032
-
21 800
-
national
-
-
9 022
-
total
7 032
-
30 822
-
Employer
23 581
-
73 104
-
accident
47
-
73
-
other
2 740
-
4 215
-
unemployment
623
-
957
-
pensions
2 549
-
3 921
-
health
1 450
-
2 231
-
total
7 409
-
11 397
-
Corporate
53 510
84 500
-
-
income
11 772
18 590
-
-
total
11 772
18 590
-
-
Dividends
41 738
65 910
-
-
withholding
12 521
19 773
-
-
total
12 521
19 773
-
-
Income
84 500
84 500
84 500
84 500
Total tax
38 734
38 363
42 219
41 817
After tax
45 766
46 137
42 281
42 683
Living cost
16 549
16 549
16 549
16 549
Free-cash
29 217
29 588
25 732
26 134

Estimated living cost  is ₴16549 per week

₴10968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴25344
₴31362
₴25508
₴36132
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 624
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.

-
-
-
27 124
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.

-
-
-
2 926
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.

-
-
-
1 492
total
-
-
-
42 166
Employee

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

21 721
-
84 500
-
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.

2 926
-
2 926
-
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.

102
-
1 492
-
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.

1 866
-
27 124
-
total
4 894
-
31 542
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 779
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.

518
697
-
-
income
9 417
12 675
-
-
trade
10 327
13 900
-
-
chamber of commerce
154
185
-
-
total
20 416
27 457
-
-
Dividends
42 363
57 042
-
-
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.

574
775
-
-
withholding
10 428
14 098
-
-
total
11 002
14 873
-
-
Income
84 500
84 500
84 500
84 500
Total tax
36 312
42 330
31 542
42 166
After tax
48 188
42 170
52 958
42 334
Living cost
16 826
16 826
16 826
16 826
Free-cash
31 362
25 344
36 132
25 508

Estimated living cost  is ₴16826 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴47722
₴45945
₴43410
₴42691
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
18 113
health
-
-
-
2 155
social contributions
-
-
-
6 930
total
-
-
-
27 198
Employee
32 936
32 936
79 345
-
social contributions
1 600
2 733
3 687
-
health
328
560
1 349
-
income
3 459
3 049
17 726
-
total
5 387
6 342
22 762
-
Employer
32 936
32 936
79 345
-
social contributions
1 600
2 733
3 687
-
health
357
610
1 468
-
total
1 957
3 343
5 155
-
Corporate
63 264
48 221
-
-
income
7 908
6 028
-
-
total
7 908
6 028
-
-
Dividends
55 356
42 194
-
-
withholding
9 411
7 173
-
-
total
9 411
7 173
-
-
Income
84 500
84 500
84 500
84 500
Total tax
24 663
22 886
27 917
27 198
After tax
59 837
61 614
56 583
57 302
Living cost
13 892
13 892
13 892
13 892
Free-cash
45 945
47 722
42 691
43 410

Estimated living cost  is ₴13892 per week

₴9497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39667
₴39829
₴50756
₴41203
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
10 330
pensions
-
-
-
8 450
unemployment
-
-
-
1 267
health
-
-
-
5 915
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.

11 234
4 471
70 711
-
health
786
313
4 950
-
income
1 373
547
8 644
-
pensions
1 123
447
7 071
-
unemployment
169
67
1 061
-
total
3 451
1 374
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.

11 234
4 471
70 711
-
pensions
2 191
872
13 789
-
total
2 191
872
13 789
-
Corporate
71 076
79 157
-
-
income
6 397
7 124
-
-
total
6 397
7 124
-
-
Dividends
64 679
72 033
-
-
social contributions
12 561
13 995
-
-
withholding
12 289
13 686
-
-
total
24 850
27 681
-
-
Income
84 500
84 500
84 500
84 500
Total tax
36 889
37 051
35 515
25 962
After tax
47 611
47 449
48 985
58 538
Living cost
7 782
7 782
7 782
7 782
Free-cash
39 829
39 667
41 203
50 756

Estimated living cost  is ₴7782 per week

₴5311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57255
₴54594
₴34947
₴38359
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
11 323
pensions
-
-
-
16 900
health
-
-
-
10 985
total
-
-
-
39 208
Employee
12 151
-
63 153
-
income
1 368
-
12 176
-
pensions
243
-
1 263
-
unemployment
194
-
1 010
-
total
1 805
-
14 449
-
Employer
12 151
-
63 153
-
unemployment
98
-
506
-
pensions
2 430
-
12 631
-
health
1 579
-
8 210
-
total
4 107
-
21 347
-
Corporate
68 242
84 500
-
-
income
13 649
16 900
-
-
total
13 649
16 900
-
-
Dividends
54 593
67 600
-
-
total
-
-
-
-
Income
84 500
84 500
84 500
84 500
Total tax
19 561
16 900
35 796
39 208
After tax
64 939
67 600
48 704
45 292
Living cost
10 345
10 345
10 345
10 345
Free-cash
54 594
57 255
38 359
34 947

Estimated living cost  is ₴10345 per week

₴7096
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.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2523
₴5408
₴48361
₴36865
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
accident
-
-
-
108
income
-
-
-
23 804
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
26 771
Employee
14 736
-
76 651
-
health
1 687
-
8 776
-
income
2 022
-
18 393
-
pensions
1 659
-
3 249
-
total
5 368
-
30 418
-
Employer
14 736
-
76 651
-
accident
246
-
1 280
-
unemployment
361
-
1 878
-
pensions
2 396
-
4 691
-
total
3 003
-
7 849
-
Corporate
66 761
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.

60 085
76 050
-
-
total
60 085
76 050
-
-
Dividends
6 676
8 450
-
-
withholding
1 268
1 605
-
-
total
1 268
1 605
-
-
Income
84 500
84 500
84 500
84 500
Total tax
69 724
77 655
38 267
26 771
After tax
14 776
6 845
46 233
57 729
Living cost
9 368
9 368
9 368
9 368
Free-cash
5 408
-2 523
36 865
48 361

Estimated living cost  is ₴9368 per week

₴6866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴76421
₴75699
₴79801
₴63746
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
84 500
microenterprise

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

-
-
-
845
total
-
-
-
845
Employee
4 817
-
84 500
-
income
963
-
16 900
-
total
963
-
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%.

79 683
84 500
-
-
total
-
-
-
-
Dividends
79 683
84 500
-
-
withholding
3 984
4 225
-
-
total
3 984
4 225
-
-
Income
84 500
84 500
84 500
84 500
Total tax
4 947
4 225
16 900
845
After tax
79 553
80 275
67 600
83 655
Living cost
3 854
3 854
3 854
3 854
Free-cash
75 699
76 421
63 746
79 801

Estimated living cost  is ₴3854 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50669
₴47778
₴37580
₴36855
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
13 915
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.

-
-
-
15 632
other
-
-
-
3 094
health
-
-
-
2 866
total
-
-
-
35 507
Employee
15 552
-
68 063
-
health
218
-
912
-
income
2 677
-
13 673
-
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.

1 088
-
4 559
-
unemployment
155
-
651
-
total
4 138
-
19 795
-
Employer
15 552
-
68 063
-
accident
124
-
545
-
other
778
-
3 256
-
unemployment
155
-
651
-
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.

2 644
-
11 073
-
health
218
-
912
-
total
3 919
-
16 437
-
Corporate
65 029
84 500
-
-
income
13 656
17 745
-
-
total
13 656
17 745
-
-
Dividends
51 373
66 755
-
-
withholding
3 596
4 673
-
-
total
3 596
4 673
-
-
Income
84 500
84 500
84 500
84 500
Total tax
25 309
22 418
36 232
35 507
After tax
59 191
62 082
48 268
48 993
Living cost
11 413
11 413
11 413
11 413
Free-cash
47 778
50 669
36 855
37 580

Estimated living cost  is ₴11413 per week

₴8064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25621
₴28665
₴26629
₴19029
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
25 084
pensions
-
-
-
4 043
total
-
-
-
29 127
Employee
40 669
-
73 734
-
health
670
-
1 035
-
income
7 331
-
20 018
-
pensions
3 923
-
4 908
-
total
11 924
-
25 961
-
Employer
40 669
-
73 734
-
pensions
4 802
-
9 365
-
health
772
-
1 401
-
total
5 574
-
10 766
-
Corporate
38 257
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.

7 269
16 055
-
-
total
7 269
16 055
-
-
Dividends
30 988
68 445
-
-
withholding
2 324
14 080
-
-
total
2 324
14 080
-
-
Income
84 500
84 500
84 500
84 500
Total tax
27 091
30 135
36 727
29 127
After tax
57 409
54 365
47 773
55 373
Living cost
28 744
28 744
28 744
28 744
Free-cash
28 665
25 621
19 029
26 629

Estimated living cost  is ₴28744 per week

₴21539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
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.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴66629
₴64638
₴62208
₴65619
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
12 675
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
16 673
Employee
7 440
-
81 563
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
8 156
-
pensions

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

653
-
1 314
-
total
1 821
-
10 324
-
Employer
7 440
-
81 563
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
75 600
84 500
-
-
income
7 560
8 450
-
-
total
7 560
8 450
-
-
Dividends
68 040
76 050
-
-
withholding
3 402
3 802
-
-
total
3 402
3 802
-
-
Income
84 500
84 500
84 500
84 500
Total tax
14 243
12 252
13 262
16 673
After tax
70 257
72 248
71 238
67 827
Living cost
5 619
5 619
5 619
5 619
Free-cash
64 638
66 629
65 619
62 208

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18219
₴19297
₴22270
₴30026
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
28 179
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
38 479
Employee
39 710
36 577
76 540
-
health
4 954
4 775
5 282
-
income

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

5 987
5 987
12 464
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
22 764
-
Employer
39 710
36 577
76 540
-
unemployment
1 430
1 317
1 636
-
pensions
2 764
2 546
3 164
-
health
2 759
2 542
3 159
-
total
6 953
6 405
7 959
-
Corporate
37 837
41 518
-
-
income
7 567
8 304
-
-
total
7 567
8 304
-
-
Dividends
30 270
33 215
-
-
income
6 433
7 058
-
-
withholding
4 540
4 983
-
-
total
10 973
12 041
-
-
Income
84 500
84 500
84 500
84 500
Total tax
41 452
42 530
30 723
38 479
After tax
43 048
41 970
53 777
46 021
Living cost
23 751
23 751
23 751
23 751
Free-cash
19 297
18 219
30 026
22 270

Estimated living cost  is ₴23751 per week

₴17520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47919
₴44258
₴38777
₴35198
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
8 750
health
-
-
-
11 408
solidarity contribution
-
-
-
544
social contributions
-
-
-
14 762
total
-
-
-
35 464
Employee
15 086
-
65 928
-
social contributions
981
-
3 286
-
health
2 037
-
8 900
-
solidarity contribution
-
-
223
-
income
1 810
-
8 061
-
total
4 828
-
20 470
-
Employer
15 086
-
65 928
-
social contributions
3 772
-
12 639
-
health
1 358
-
5 934
-
total
5 130
-
18 573
-
Corporate
64 284
84 500
-
-
income
12 214
16 055
-
-
total
12 214
16 055
-
-
Dividends
52 070
68 445
-
-
withholding
7 811
10 267
-
-
total
7 811
10 267
-
-
Income
84 500
84 500
84 500
84 500
Total tax
29 983
26 322
39 043
35 464
After tax
54 517
58 178
45 457
49 036
Living cost
10 259
10 259
10 259
10 259
Free-cash
44 258
47 919
35 198
38 777

Estimated living cost  is ₴10259 per week

₴7126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Brno model

Close
Milan , Italy
₴27011
₴24775
₴21907
₴18184
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
505
regional
-
-
-
1 012
national
-
-
-
21 566
social contributions
-
-
-
21 437
total
-
-
-
44 520
Employee
38 066
-
84 500
-
social contributions
12 836
-
28 105
-
regional
359
-
897
-
municipal
202
-
451
-
national
6 596
-
18 790
-
total
19 993
-
48 243
-
Employer
38 066
-
84 500
-
total
-
-
-
-
Corporate
46 434
84 500
-
-
nationa
11 144
20 280
-
-
municipal
1 811
3 295
-
-
total
12 955
23 575
-
-
Dividends
33 478
60 925
-
-
withholding
8 704
15 841
-
-
total
8 704
15 841
-
-
Income
84 500
84 500
84 500
84 500
Total tax
41 652
39 416
48 243
44 520
After tax
42 848
45 084
36 257
39 980
Living cost
18 073
18 073
18 073
18 073
Free-cash
24 775
27 011
18 184
21 907

Estimated living cost  is ₴18073 per week

₴12599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43698
₴42366
₴30415
₴27795
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
24 995
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
4 049
total
-
-
-
44 633
Employee
14 164
-
72 467
-
other
-
-
-
-
health
362
-
1 457
-
surtax
46
-
3 537
-
income
2 374
-
22 434
-
pensions
944
-
3 813
-
unemployment
986
-
3 979
-
total
4 712
-
35 220
-
Employer
14 164
-
72 467
-
other
-
-
-
-
unemployment
449
-
1 812
-
pensions
1 888
-
7 620
-
health
645
-
2 601
-
total
2 982
-
12 033
-
Corporate
67 354
84 500
-
-
income
17 512
21 970
-
-
total
17 512
21 970
-
-
Dividends
49 842
62 530
-
-
withholding
7 476
9 380
-
-
total
7 476
9 380
-
-
Income
84 500
84 500
84 500
84 500
Total tax
32 682
31 350
47 253
44 633
After tax
51 818
53 150
37 247
39 867
Living cost
9 452
9 452
9 452
9 452
Free-cash
42 366
43 698
27 795
30 415

Estimated living cost  is ₴9452 per week

₴5779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34728
₴37567
₴35736
₴28136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
25 084
pensions
-
-
-
4 043
total
-
-
-
29 127
Employee
27 255
-
73 734
-
health
396
-
1 035
-
income
4 909
-
20 018
-
pensions
2 313
-
4 908
-
total
7 618
-
25 961
-
Employer
27 255
-
73 734
-
pensions
2 950
-
9 365
-
health
518
-
1 401
-
total
3 468
-
10 766
-
Corporate
53 777
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.

10 218
16 055
-
-
total
10 218
16 055
-
-
Dividends
43 559
68 445
-
-
withholding
5 992
14 080
-
-
total
5 992
14 080
-
-
Income
84 500
84 500
84 500
84 500
Total tax
27 296
30 135
36 727
29 127
After tax
57 204
54 365
47 773
55 373
Living cost
19 637
19 637
19 637
19 637
Free-cash
37 567
34 728
28 136
35 736

Estimated living cost  is ₴19637 per week

₴14712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
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.
₴3248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴6267
₴20116
₴35254
₴31745
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
890
pensions
-
-
-
7 774
other

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

-
-
-
1 690
regional
-
-
-
4 488
health
-
-
-
190
national
-
-
-
1 842
total
-
-
-
16 874
Employee
37 884
-
75 804
-
city
407
-
816
-
regional
1 241
-
3 928
-
health
86
-
170
-
pensions
3 183
-
6 176
-
unemployment
-
-
-
-
national
179
-
1 431
-
total
5 096
-
12 521
-
Employer
37 884
-
75 804
-
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.

757
-
1 516
-
unemployment
-
-
-
-
pensions
3 183
-
6 176
-
health
86
-
170
-
total
4 026
-
7 862
-
Corporate
42 174
84 500
-
-
regional
8 920
17 872
-
-
national
3 585
7 183
-
-
total
12 505
25 055
-
-
Dividends
29 669
59 446
-
-
withholding
10 385
20 806
-
-
total
10 385
20 806
-
-
Income
84 500
84 500
84 500
84 500
Total tax
32 012
45 861
20 383
16 874
After tax
52 488
38 639
64 117
67 626
Living cost
32 372
32 372
32 372
32 372
Free-cash
20 116
6 267
31 745
35 254

Estimated living cost  is ₴32372 per week

₴21051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴22114
₴29059
₴22261
₴33337
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 076
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.

-
-
-
27 124
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.

-
-
-
2 926
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.

-
-
-
1 492
total
-
-
-
42 618
Employee

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

25 741
-
84 500
-
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.

2 926
-
2 926
-
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.

167
-
1 492
-
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.

3 027
-
27 124
-
total
6 120
-
31 542
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58 759
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.

484
697
-
-
income
8 814
12 675
-
-
trade
10 077
14 492
-
-
chamber of commerce
148
184
-
-
total
19 523
28 048
-
-
Dividends
39 235
56 452
-
-
surtax

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

531
767
-
-
withholding
9 646
13 950
-
-
total
10 177
14 717
-
-
Income
84 500
84 500
84 500
84 500
Total tax
35 820
42 765
31 542
42 618
After tax
48 680
41 735
52 958
41 882
Living cost
19 621
19 621
19 621
19 621
Free-cash
29 059
22 114
33 337
22 261

Estimated living cost  is ₴19621 per week

₴14331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3467
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27934
₴30465
₴32612
₴30755
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
14 146
pensions
-
-
-
14 204
other
-
-
-
2 620
health
-
-
-
3 856
surtax
-
-
-
-
social contributions
-
-
-
2 408
total
-
-
-
37 234
Employee
18 331
-
64 972
-
social contributions
523
-
1 852
-
surtax
-
-
-
-
income
1 082
-
13 016
-
pensions
2 073
-
4 695
-
total
3 678
-
19 563
-
Employer
18 331
-
64 972
-
other
632
-
2 609
-
social contributions
55
-
195
-
unemployment
742
-
2 631
-
pensions
3 011
-
7 872
-
health
1 283
-
6 221
-
total
5 723
-
19 528
-
Corporate
60 444
84 500
-
-
surtax
-
-
-
-
income
16 924
23 660
-
-
total
16 924
23 660
-
-
Dividends
43 520
60 840
-
-
surtax
-
-
-
-
social contributions
7 486
10 464
-
-
withholding
5 570
7 788
-
-
total
13 056
18 252
-
-
Income
84 500
84 500
84 500
84 500
Total tax
39 381
41 912
39 091
37 234
After tax
45 119
42 588
45 409
47 266
Living cost
14 654
14 654
14 654
14 654
Free-cash
30 465
27 934
30 755
32 612

Estimated living cost  is ₴14654 per week

₴9240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29386
₴31765
₴34064
₴32207
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
14 146
pensions
-
-
-
14 204
other
-
-
-
2 620
health
-
-
-
3 856
surtax
-
-
-
-
social contributions
-
-
-
2 408
total
-
-
-
37 234
Employee
16 363
-
64 972
-
social contributions
467
-
1 852
-
surtax
-
-
-
-
income
844
-
13 016
-
pensions
1 851
-
4 695
-
total
3 162
-
19 563
-
Employer
16 363
-
64 972
-
other
565
-
2 609
-
social contributions
49
-
195
-
unemployment
662
-
2 631
-
pensions
2 689
-
7 872
-
health
1 145
-
6 221
-
total
5 110
-
19 528
-
Corporate
63 027
84 500
-
-
surtax
-
-
-
-
income
17 648
23 660
-
-
total
17 648
23 660
-
-
Dividends
45 379
60 840
-
-
surtax
-
-
-
-
social contributions
7 805
10 464
-
-
withholding
5 808
7 788
-
-
total
13 613
18 252
-
-
Income
84 500
84 500
84 500
84 500
Total tax
39 533
41 912
39 091
37 234
After tax
44 967
42 588
45 409
47 266
Living cost
13 202
13 202
13 202
13 202
Free-cash
31 765
29 386
32 207
34 064

Estimated living cost  is ₴13202 per week

₴7657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42470
₴42693
₴45184
₴43176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
12 675
health
-
-
-
5 898
social contributions
-
-
-
11 661
total
-
-
-
30 234
Employee
14 522
-
84 500
-
social contributions
2 004
-
11 661
-
health
1 014
-
5 898
-
income
2 422
-
14 683
-
total
5 440
-
32 242
-
Employer
14 522
-
84 500
-
total
-
-
-
-
Corporate
69 978
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%.

3 499
4 225
-
-
total
3 499
4 225
-
-
Dividends
66 478
80 275
-
-
health
4 640
5 604
-
-
social contributions
9 174
11 078
-
-
withholding
9 972
12 041
-
-
total
23 786
28 723
-
-
Income
84 500
84 500
84 500
84 500
Total tax
32 725
32 948
32 242
30 234
After tax
51 775
51 552
52 258
54 266
Living cost
9 082
9 082
9 082
9 082
Free-cash
42 693
42 470
43 176
45 184

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
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.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴31575
₴30912
₴28302
₴7185
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
338
income
-
-
-
24 971
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 828
surtax
-
-
-
85
total
-
-
-
41 106
Employee
21 405
17 069
68 656
-
other
214
171
501
-
health
828
661
1 936
-
income
2 437
1 259
20 558
-
pensions
2 192
1 748
5 124
-
unemployment
642
512
1 501
-
total
6 313
4 351
29 620
-
Employer
21 405
17 069
68 656
-
accident
278
222
650
-
other
1 017
810
3 103
-
chamber of commerce
85
68
275
-
unemployment
642
512
1 501
-
surtax
85
85
85
-
pensions
2 686
2 143
6 280
-
payroll
642
512
2 060
-
health
809
645
1 891
-
total
6 244
4 997
15 845
-
Corporate
56 851
62 434
67 030
-
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.

14 213
15 608
16 758
-
total
14 213
15 608
16 758
-
Dividends
42 638
46 825
-
-
withholding
11 726
12 877
-
-
total
11 726
12 877
-
-
Income
84 500
84 500
84 500
84 500
Total tax
38 496
37 833
62 223
41 106
After tax
46 004
46 667
22 277
43 394
Living cost
15 092
15 092
15 092
15 092
Free-cash
30 912
31 575
7 185
28 302

Estimated living cost  is ₴15092 per week

₴10066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
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.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31416
₴25199
₴21076
₴13626
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
32 699
communal

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

-
-
-
4 429
social contributions
-
-
-
10 679
total
-
-
-
47 807
Employee

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

30 638
-
65 447
-
communal

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

1 598
-
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.

1 439
-
3 076
-
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.

2 298
-
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.

267
-
570
-
national
9 419
-
24 236
-
total
15 021
-
36 205
-
Employer

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

30 638
-
65 447
-
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.

398
-
851
-
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.

447
-
956
-
surtax
3 474
-
7 421
-
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.

2 715
-
5 799
-
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.

1 884
-
4 025
-
total
8 918
-
19 052
-
Corporate
44 944
84 500
-
-
surtax
180
344
-
-
income
8 989
17 189
-
-
total
9 169
17 533
-
-
Dividends
35 776
66 967
-
-
withholding

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

10 576
19 934
-
-
total
10 576
19 934
-
-
Income
84 500
84 500
84 500
84 500
Total tax
43 684
37 467
55 257
47 807
After tax
40 816
47 033
29 243
36 693
Living cost
15 617
15 617
15 617
15 617
Free-cash
25 199
31 416
13 626
21 076

Estimated living cost  is ₴15617 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40748
₴37813
₴31851
₴30055
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
accident
-
-
-
358
income
-
-
-
25 270
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
37 181
Employee
21 321
-
71 844
-
other
21
-
40
-
income
4 499
-
23 800
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 853
-
26 321
-
Employer
21 321
-
71 844
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
56 383
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.

8 457
12 675
-
-
total
8 457
12 675
-
-
Dividends
47 926
71 825
-
-
withholding
10 113
15 609
-
-
total
10 113
15 609
-
-
Income
84 500
84 500
84 500
84 500
Total tax
31 219
28 284
38 977
37 181
After tax
53 281
56 216
45 523
47 319
Living cost
15 468
15 468
15 468
15 468
Free-cash
37 813
40 748
30 055
31 851

Estimated living cost  is ₴15468 per week

₴11391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴25475
₴19726
₴17487
₴20855
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
accident
-
-
-
713
income
-
-
-
14 892
pensions
-
-
-
12 665
health
-
-
-
5 937
surtax
-
-
-
4 189
communal
-
-
-
5 340
total
-
-
-
43 736
Employee
32 436
-
75 480
-
health
1 444
-
3 359
-
surtax
1 988
-
4 626
-
income
3 133
-
17 325
-
pensions
2 594
-
6 038
-
total
9 159
-
31 348
-
Employer
32 436
-
75 480
-
accident
292
-
680
-
pensions
2 594
-
6 038
-
health
989
-
2 302
-
total
3 875
-
9 020
-
Corporate
48 188
84 500
-
-
surtax
506
888
-
-
communal
3 253
5 704
-
-
income
7 228
12 675
-
-
total
10 987
19 267
-
-
Dividends
37 201
65 234
-
-
income
11 896
6 696
-
-
withholding
5 580
9 785
-
-
total
17 476
16 481
-
-
Income
84 500
84 500
84 500
84 500
Total tax
41 497
35 748
40 368
43 736
After tax
43 003
48 752
44 132
40 764
Living cost
23 277
23 277
23 277
23 277
Free-cash
19 726
25 475
20 855
17 487

Estimated living cost  is ₴23277 per week

₴17461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
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.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43530
₴42169
₴30247
₴27627
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
24 995
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
4 049
total
-
-
-
44 633
Employee
14 424
-
72 467
-
other
-
-
-
-
health
368
-
1 457
-
surtax
51
-
3 537
-
income
2 418
-
22 434
-
pensions
962
-
3 813
-
unemployment
1 004
-
3 979
-
total
4 803
-
35 220
-
Employer
14 424
-
72 467
-
other
-
-
-
-
unemployment
458
-
1 812
-
pensions
1 923
-
7 620
-
health
656
-
2 601
-
total
3 037
-
12 033
-
Corporate
67 039
84 500
-
-
income
17 430
21 970
-
-
total
17 430
21 970
-
-
Dividends
49 609
62 530
-
-
withholding
7 441
9 380
-
-
total
7 441
9 380
-
-
Income
84 500
84 500
84 500
84 500
Total tax
32 711
31 350
47 253
44 633
After tax
51 789
53 150
37 247
39 867
Living cost
9 620
9 620
9 620
9 620
Free-cash
42 169
43 530
27 627
30 247

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32877
₴31925
₴28174
₴24471
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
505
regional
-
-
-
1 280
national
-
-
-
21 566
social contributions
-
-
-
21 437
total
-
-
-
44 788
Employee
23 759
-
84 500
-
social contributions
8 012
-
28 105
-
regional
320
-
1 145
-
municipal
126
-
451
-
national
3 764
-
18 790
-
total
12 222
-
48 491
-
Employer
23 759
-
84 500
-
total
-
-
-
-
Corporate
60 741
84 500
-
-
nationa
14 578
20 280
-
-
municipal
3 019
4 200
-
-
total
17 597
24 480
-
-
Dividends
43 144
60 021
-
-
withholding
11 218
15 605
-
-
total
11 218
15 605
-
-
Income
84 500
84 500
84 500
84 500
Total tax
41 037
40 085
48 491
44 788
After tax
43 463
44 415
36 009
39 712
Living cost
11 538
11 538
11 538
11 538
Free-cash
31 925
32 877
24 471
28 174

Estimated living cost  is ₴11538 per week

₴7176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45537
₴41027
₴36395
₴32816
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
8 750
health
-
-
-
11 408
solidarity contribution
-
-
-
544
social contributions
-
-
-
14 762
total
-
-
-
35 464
Employee
18 590
-
65 928
-
social contributions
1 208
-
3 286
-
health
2 510
-
8 900
-
solidarity contribution
-
-
223
-
income
2 231
-
8 061
-
total
5 949
-
20 470
-
Employer
18 590
-
65 928
-
social contributions
4 648
-
12 639
-
health
1 673
-
5 934
-
total
6 321
-
18 573
-
Corporate
59 589
84 500
-
-
income
11 322
16 055
-
-
total
11 322
16 055
-
-
Dividends
48 267
68 445
-
-
withholding
7 240
10 267
-
-
total
7 240
10 267
-
-
Income
84 500
84 500
84 500
84 500
Total tax
30 832
26 322
39 043
35 464
After tax
53 668
58 178
45 457
49 036
Living cost
12 641
12 641
12 641
12 641
Free-cash
41 027
45 537
32 816
36 395

Estimated living cost  is ₴12641 per week

₴9401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33048
₴32835
₴29814
₴8635
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
338
income
-
-
-
24 971
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 828
surtax
-
-
-
-
total
-
-
-
41 021
Employee
18 723
17 069
68 735
-
other
187
171
501
-
health
724
661
1 936
-
income
1 668
1 259
20 596
-
pensions
1 917
1 748
5 124
-
unemployment
562
512
1 501
-
total
5 058
4 351
29 658
-
Employer
18 723
17 069
68 735
-
accident
243
222
650
-
other
889
810
3 106
-
chamber of commerce
75
68
275
-
unemployment
562
512
1 501
-
surtax
-
-
-
-
pensions
2 350
2 143
6 280
-
payroll
562
512
2 062
-
health
708
645
1 891
-
total
5 389
4 912
15 765
-
Corporate
60 389
62 518
67 109
-
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.

15 097
15 630
16 777
-
total
15 097
15 630
16 777
-
Dividends
45 292
46 889
-
-
withholding
12 456
12 894
-
-
total
12 456
12 894
-
-
Income
84 500
84 500
84 500
84 500
Total tax
38 000
37 787
62 200
41 021
After tax
46 500
46 713
22 300
43 479
Living cost
13 665
13 665
13 665
13 665
Free-cash
32 835
33 048
8 635
29 814

Estimated living cost  is ₴13665 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴74270
₴73144
₴77650
₴61595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 506
-
84 500
-
income
1 501
-
16 900
-
total
1 501
-
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%.

76 994
84 500
-
-
total
-
-
-
-
Dividends
76 994
84 500
-
-
withholding
3 850
4 225
-
-
total
3 850
4 225
-
-
Income
84 500
84 500
84 500
84 500
Total tax
5 351
4 225
16 900
845
After tax
79 149
80 275
67 600
83 655
Living cost
6 005
6 005
6 005
6 005
Free-cash
73 144
74 270
61 595
77 650

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46690
₴43109
₴28994
₴27084
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
84 500
income
-
-
-
20 144
pensions
-
-
-
15 432
unemployment
-
-
-
127
health
-
-
-
8 315
total
-
-
-
44 018
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.

18 940
-
73 116
-
health
1 223
-
4 723
-
income
3 266
-
18 385
-
pensions
2 936
-
11 333
-
unemployment
27
-
102
-
total
7 452
-
34 543
-
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.

18 940
-
73 116
-
unemployment
11
-
44
-
pensions
1 676
-
6 471
-
health
1 261
-
4 870
-
total
2 948
-
11 385
-
Corporate
62 611
84 500
-
-
income
11 896
16 055
-
-
total
11 896
16 055
-
-
Dividends
50 715
68 445
-
-
withholding
7 607
10 267
-
-
total
7 607
10 267
-
-
Income
84 500
84 500
84 500
84 500
Total tax
29 903
26 322
45 928
44 018
After tax
54 597
58 178
38 572
40 482
Living cost
11 488
11 488
11 488
11 488
Free-cash
43 109
46 690
27 084
28 994

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32912
₴12520
₴39898
₴60362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
16 471
social contributions
-
-
-
9 633
total
-
-
-
26 104
Employee
26 523
-
-
-
social contributions
2 175
-
310
-
income
5 851
-
-
-
total
8 026
-
310
-
Employer
26 523
-
-
-
social contributions
37 398
-
5 330
-
total
37 398
-
5 330
-
Corporate
20 579
84 500
-
-
income
4 527
18 590
-
-
total
4 527
18 590
-
-
Dividends
16 051
65 910
-
-
income
3 531
14 500
-
-
total
3 531
14 500
-
-
Income
84 500
84 500
84 500
84 500
Total tax
53 482
33 090
5 640
26 104
After tax
31 018
51 410
78 860
58 396
Living cost
18 498
18 498
18 498
18 498
Free-cash
12 520
32 912
60 362
39 898

Estimated living cost  is ₴18498 per week

₴12002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34629
₴34197
₴31237
₴24831
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
84 500
income
-
-
-
10 464
surtax
-
-
-
-
social contributions

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

-
-
-
29 364
total
-
-
-
39 828
Employee
19 699
-
68 283
-
social contributions
2 167
-
7 511
-
surtax
-
-
-
-
income
4 098
-
22 506
-
total
6 265
-
30 017
-
Employer
19 699
-
68 283
-
social contributions
4 679
-
16 217
-
total
4 679
-
16 217
-
Corporate
60 122
84 500
-
-
surtax
-
-
-
-
income
12 625
17 745
-
-
total
12 625
17 745
-
-
Dividends
47 497
66 755
-
-
withholding
13 299
18 691
-
-
total
13 299
18 691
-
-
Income
84 500
84 500
84 500
84 500
Total tax
36 868
36 436
46 234
39 828
After tax
47 632
48 064
38 266
44 672
Living cost
13 435
13 435
13 435
13 435
Free-cash
34 197
34 629
24 831
31 237

Estimated living cost  is ₴13435 per week

₴10052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21901
₴24846
₴26579
₴24722
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
14 146
pensions
-
-
-
14 204
other
-
-
-
2 620
health
-
-
-
3 856
surtax
-
-
-
-
social contributions
-
-
-
2 408
total
-
-
-
37 234
Employee
26 826
-
64 972
-
social contributions
764
-
1 852
-
surtax
-
-
-
-
income
2 341
-
13 016
-
pensions
3 034
-
4 695
-
total
6 139
-
19 563
-
Employer
26 826
-
64 972
-
other
926
-
2 609
-
social contributions
80
-
195
-
unemployment
1 087
-
2 631
-
pensions
4 408
-
7 872
-
health
1 878
-
6 221
-
total
8 379
-
19 528
-
Corporate
49 295
84 500
-
-
surtax
-
-
-
-
income
13 802
23 660
-
-
total
13 802
23 660
-
-
Dividends
35 493
60 840
-
-
surtax
-
-
-
-
social contributions
6 104
10 464
-
-
withholding
4 543
7 788
-
-
total
10 647
18 252
-
-
Income
84 500
84 500
84 500
84 500
Total tax
38 967
41 912
39 091
37 234
After tax
45 533
42 588
45 409
47 266
Living cost
20 687
20 687
20 687
20 687
Free-cash
24 846
21 901
24 722
26 579

Estimated living cost  is ₴20687 per week

₴14001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
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.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63175
₴61737
₴49045
₴51290
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
3 990
social contributions
-
-
-
18 590
total
-
-
-
22 580
Employee
13 770
-
73 160
-
income
-
-
4 240
-
social contributions
895
-
4 755
-
total
895
-
8 995
-
Employer
13 770
-
73 160
-
social contributions
2 134
-
11 340
-
total
2 134
-
11 340
-
Corporate
68 596
84 500
-
-
income
6 859
8 450
-
-
total
6 859
8 450
-
-
Dividends
61 736
76 050
-
-
total
-
-
-
-
Income
84 500
84 500
84 500
84 500
Total tax
9 888
8 450
20 335
22 580
After tax
74 612
76 050
64 165
61 920
Living cost
12 875
12 875
12 875
12 875
Free-cash
61 737
63 175
51 290
49 045

Estimated living cost  is ₴12875 per week

₴8325
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.
₴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.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8862
-₴8862
₴28678
-₴8862
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 870
pensions
-
-
-
371
national
-
-
-
10 214
labour market
-
-
-
6 730
total
-
-
-
35 185
Employee
87 103
87 103
87 103
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 103
87 103
87 103
-
labour market
6 968
6 968
6 968
-
municipal
18 578
18 578
18 578
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 454
36 454
36 454
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
84 500
84 500
84 500
84 500
Total tax
72 725
72 725
72 725
35 185
After tax
11 775
11 775
11 775
49 315
Living cost
20 637
20 637
20 637
20 637
Free-cash
-8 862
-8 862
-8 862
28 678

Estimated living cost  is ₴20637 per week

₴14124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2385
₴5428
₴48499
₴37003
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
accident
-
-
-
108
income
-
-
-
23 804
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
26 771
Employee
14 519
-
76 651
-
health
1 663
-
8 776
-
income
1 992
-
18 393
-
pensions
1 635
-
3 249
-
total
5 290
-
30 418
-
Employer
14 519
-
76 651
-
accident
242
-
1 280
-
unemployment
356
-
1 878
-
pensions
2 361
-
4 691
-
total
2 959
-
7 849
-
Corporate
67 022
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.

60 320
76 050
-
-
total
60 320
76 050
-
-
Dividends
6 702
8 450
-
-
withholding
1 273
1 605
-
-
total
1 273
1 605
-
-
Income
84 500
84 500
84 500
84 500
Total tax
69 842
77 655
38 267
26 771
After tax
14 658
6 845
46 233
57 729
Living cost
9 230
9 230
9 230
9 230
Free-cash
5 428
-2 385
37 003
48 499

Estimated living cost  is ₴9230 per week

₴6718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
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.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35943
₴37237
₴36742
₴27063
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 008
health
-
-
-
1 122
national
-
-
-
15 184
total
-
-
-
31 314
Employee
22 535
-
71 087
-
health
168
-
916
-
municipal
3 691
-
11 575
-
pensions
1 521
-
4 798
-
unemployment
338
-
1 066
-
national
372
-
9 224
-
total
6 090
-
27 579
-
Employer
22 535
-
71 087
-
accident
23
-
71
-
unemployment
146
-
462
-
pensions
3 910
-
12 334
-
health
173
-
547
-
total
4 252
-
13 414
-
Corporate
57 714
84 500
-
-
income
11 543
16 900
-
-
total
11 543
16 900
-
-
Dividends

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

34 628
50 700
-
-
national
2 701
6 087
-
-
municipal
6 233
9 126
-
-
total
8 934
15 213
-
-
Income
84 500
84 500
84 500
84 500
Total tax
30 819
32 113
40 993
31 314
After tax
53 681
52 387
43 507
53 186
Living cost
16 444
16 444
16 444
16 444
Free-cash
37 237
35 943
27 063
36 742

Estimated living cost  is ₴16444 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51697
₴49367
₴47385
₴46666
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
18 113
health
-
-
-
2 155
social contributions
-
-
-
6 930
total
-
-
-
27 198
Employee
32 936
32 936
79 345
-
social contributions
1 245
2 733
3 687
-
health
255
560
1 349
-
income
3 586
3 049
17 726
-
total
5 086
6 342
22 762
-
Employer
32 936
32 936
79 345
-
social contributions
1 245
2 733
3 687
-
health
277
610
1 468
-
total
1 522
3 343
5 155
-
Corporate
67 974
48 221
-
-
income
8 497
6 028
-
-
total
8 497
6 028
-
-
Dividends
59 477
42 194
-
-
withholding
10 111
7 173
-
-
total
10 111
7 173
-
-
Income
84 500
84 500
84 500
84 500
Total tax
25 216
22 886
27 917
27 198
After tax
59 284
61 614
56 583
57 302
Living cost
9 917
9 917
9 917
9 917
Free-cash
49 367
51 697
46 666
47 385

Estimated living cost  is ₴9917 per week

₴5943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63175
₴60994
₴64741
₴56151
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
84 500
income
-
-
-
8 672
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
12 959
Employee

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

9 831
-
80 314
-
health
836
-
3 454
-
income
672
-
7 610
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
17 363
-
Employer

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

9 831
-
80 314
-
unemployment
49
-
203
-
pensions
541
-
2 235
-
health
423
-
1 748
-
total
1 013
-
4 186
-
Corporate
73 657
84 500
-
-
income
6 629
7 605
-
-
total
6 629
7 605
-
-
Dividends
67 027
76 895
-
-
withholding
6 033
6 920
-
-
total
6 033
6 920
-
-
Income
84 500
84 500
84 500
84 500
Total tax
16 706
14 525
21 549
12 959
After tax
67 794
69 975
62 951
71 541
Living cost
6 800
6 800
6 800
6 800
Free-cash
60 994
63 175
56 151
64 741

Estimated living cost  is ₴6800 per week

₴4339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44438
₴42547
₴35541
₴33745
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
accident
-
-
-
358
income
-
-
-
25 270
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
37 181
Employee
15 837
-
71 844
-
other
15
-
40
-
income
3 053
-
23 800
-
pensions
745
-
1 866
-
unemployment
245
-
615
-
total
4 058
-
26 321
-
Employer
15 837
-
71 844
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
63 613
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.

9 542
12 675
-
-
total
9 542
12 675
-
-
Dividends
54 072
71 825
-
-
withholding
11 526
15 609
-
-
total
11 526
15 609
-
-
Income
84 500
84 500
84 500
84 500
Total tax
30 175
28 284
38 977
37 181
After tax
54 325
56 216
45 523
47 319
Living cost
11 778
11 778
11 778
11 778
Free-cash
42 547
44 438
33 745
35 541

Estimated living cost  is ₴11778 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51558
₴51365
₴53068
₴52986
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
28 790
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
30 262
Employee
1 782
-
83 540
-
health
89
-
213
-
income
345
-
28 745
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
29 385
-
Employer
1 782
-
83 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
82 317
84 500
-
-
income
18 110
18 590
-
-
total
18 110
18 590
-
-
Dividends
64 208
65 910
-
-
withholding
12 842
13 182
-
-
total
12 842
13 182
-
-
Income
84 500
84 500
84 500
84 500
Total tax
31 965
31 772
30 344
30 262
After tax
52 535
52 728
54 156
54 238
Living cost
1 170
1 170
1 170
1 170
Free-cash
51 365
51 558
52 986
53 068

Estimated living cost  is ₴1170 per week

₴695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53643
₴51535
₴45790
₴45791
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
84 500
income
-
-
-
19 336
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
31 302
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.

11 170
-
78 834
-
health
575
-
1 630
-
income
1 540
-
19 336
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
25 635
-
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.

11 170
-
78 834
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
71 330
84 500
-
-
income
10 700
12 675
-
-
total
10 700
12 675
-
-
Dividends
60 631
71 825
-
-
withholding
9 095
10 774
-
-
total
9 095
10 774
-
-
Income
84 500
84 500
84 500
84 500
Total tax
25 557
23 449
31 301
31 302
After tax
58 943
61 051
53 199
53 198
Living cost
7 408
7 408
7 408
7 408
Free-cash
51 535
53 643
45 791
45 790

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36517
₴36363
₴33125
₴26719
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
84 500
income
-
-
-
10 464
surtax
-
-
-
-
social contributions

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

-
-
-
29 364
total
-
-
-
39 828
Employee
16 624
-
68 283
-
social contributions
1 829
-
7 511
-
surtax
-
-
-
-
income
3 248
-
22 506
-
total
5 077
-
30 017
-
Employer
16 624
-
68 283
-
social contributions
3 948
-
16 217
-
total
3 948
-
16 217
-
Corporate
63 928
84 500
-
-
surtax
-
-
-
-
income
13 425
17 745
-
-
total
13 425
17 745
-
-
Dividends
50 503
66 755
-
-
withholding
14 140
18 691
-
-
total
14 140
18 691
-
-
Income
84 500
84 500
84 500
84 500
Total tax
36 590
36 436
46 234
39 828
After tax
47 910
48 064
38 266
44 672
Living cost
11 547
11 547
11 547
11 547
Free-cash
36 363
36 517
26 719
33 125

Estimated living cost  is ₴11547 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
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.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41163
₴38360
₴32266
₴30470
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
accident
-
-
-
358
income
-
-
-
25 270
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
37 181
Employee
20 686
-
71 844
-
other
20
-
40
-
income
4 321
-
23 800
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 633
-
26 321
-
Employer
20 686
-
71 844
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 882
-
9 369
-
total
6 596
-
12 656
-
Corporate
57 219
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.

8 582
12 675
-
-
total
8 582
12 675
-
-
Dividends
48 637
71 825
-
-
withholding
10 276
15 609
-
-
total
10 276
15 609
-
-
Income
84 500
84 500
84 500
84 500
Total tax
31 087
28 284
38 977
37 181
After tax
53 413
56 216
45 523
47 319
Living cost
15 053
15 053
15 053
15 053
Free-cash
38 360
41 163
30 470
32 266

Estimated living cost  is ₴15053 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
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.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴64876
₴62264
₴60455
₴63866
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
12 675
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
16 673
Employee
9 762
-
81 563
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
8 156
-
pensions

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

857
-
1 314
-
total
2 389
-
10 324
-
Employer
9 762
-
81 563
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
72 822
84 500
-
-
income
7 282
8 450
-
-
total
7 282
8 450
-
-
Dividends
65 540
76 050
-
-
withholding
3 277
3 802
-
-
total
3 277
3 802
-
-
Income
84 500
84 500
84 500
84 500
Total tax
14 864
12 252
13 262
16 673
After tax
69 636
72 248
71 238
67 827
Living cost
7 372
7 372
7 372
7 372
Free-cash
62 264
64 876
63 866
60 455

Estimated living cost  is ₴7372 per week

₴4876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26937
₴32540
₴27153
₴36422
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 269
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.

-
-
-
27 124
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.

-
-
-
2 926
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.

-
-
-
1 492
total
-
-
-
40 811
Employee

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

21 311
-
84 500
-
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.

2 926
-
2 926
-
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.

97
-
1 492
-
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.

1 752
-
27 124
-
total
4 775
-
31 542
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 189
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.

521
697
-
-
income
9 478
12 675
-
-
trade
9 068
12 126
-
-
chamber of commerce
158
189
-
-
total
19 225
25 687
-
-
Dividends
43 964
58 813
-
-
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.

596
800
-
-
withholding
10 828
14 540
-
-
total
11 424
15 340
-
-
Income
84 500
84 500
84 500
84 500
Total tax
35 424
41 027
31 542
40 811
After tax
49 076
43 473
52 958
43 689
Living cost
16 536
16 536
16 536
16 536
Free-cash
32 540
26 937
36 422
27 153

Estimated living cost  is ₴16536 per week

₴11407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34752
₴35697
₴19074
₴19074
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
26 720
social contributions
-
-
-
14 307
total
-
-
-
41 027
Employee
33 504
-
84 500
-
income
6 322
-
26 720
-
social contributions
2 783
-
14 307
-
total
9 105
-
41 027
-
Employer
33 504
-
84 500
-
total
-
-
-
-
Corporate
50 996
84 500
-
-
income
6 375
10 562
-
-
total
6 375
10 562
-
-
Dividends
44 621
73 938
-
-
withholding
8 924
14 787
-
-
total
8 924
14 787
-
-
Income
84 500
84 500
84 500
84 500
Total tax
24 404
25 349
41 027
41 027
After tax
60 096
59 151
43 473
43 473
Living cost
24 399
24 399
24 399
24 399
Free-cash
35 697
34 752
19 074
19 074

Estimated living cost  is ₴24399 per week

₴18562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37114
₴38610
₴53416
₴43981
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
84 500
income
-
-
-
12 675
health

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

-
-
-
2 861
total
-
-
-
15 536
Employee
19 649
-
82 530
-
income
2 132
-
21 031
-
social contributions
1 969
-
1 970
-
total
4 101
-
23 001
-
Employer
19 649
-
82 530
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
62 883
84 500
-
-
income
22 009
29 575
-
-
total
22 009
29 575
-
-
Dividends
40 873
54 925
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
84 500
84 500
84 500
84 500
Total tax
30 342
31 838
24 971
15 536
After tax
54 158
52 662
59 529
68 964
Living cost
15 548
15 548
15 548
15 548
Free-cash
38 610
37 114
43 981
53 416

Estimated living cost  is ₴15548 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴38400
₴40944
₴39408
₴31808
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
25 084
pensions
-
-
-
4 043
total
-
-
-
29 127
Employee
21 914
-
73 734
-
health
286
-
1 035
-
income
3 991
-
20 018
-
pensions
1 673
-
4 908
-
total
5 950
-
25 961
-
Employer
21 914
-
73 734
-
pensions
2 214
-
9 365
-
health
416
-
1 401
-
total
2 630
-
10 766
-
Corporate
59 956
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.

11 392
16 055
-
-
total
11 392
16 055
-
-
Dividends
48 564
68 445
-
-
withholding
7 619
14 080
-
-
total
7 619
14 080
-
-
Income
84 500
84 500
84 500
84 500
Total tax
27 591
30 135
36 727
29 127
After tax
56 909
54 365
47 773
55 373
Living cost
15 965
15 965
15 965
15 965
Free-cash
40 944
38 400
31 808
39 408

Estimated living cost  is ₴15965 per week

₴10952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴3298
₴5289
₴47586
₴36090
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
accident
-
-
-
108
income
-
-
-
23 804
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
26 771
Employee
15 956
-
76 651
-
health
1 827
-
8 776
-
income
2 189
-
18 393
-
pensions
1 797
-
3 249
-
total
5 813
-
30 418
-
Employer
15 956
-
76 651
-
accident
266
-
1 280
-
unemployment
391
-
1 878
-
pensions
2 594
-
4 691
-
total
3 251
-
7 849
-
Corporate
65 292
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.

58 763
76 050
-
-
total
58 763
76 050
-
-
Dividends
6 529
8 450
-
-
withholding
1 241
1 605
-
-
total
1 241
1 605
-
-
Income
84 500
84 500
84 500
84 500
Total tax
69 068
77 655
38 267
26 771
After tax
15 432
6 845
46 233
57 729
Living cost
10 143
10 143
10 143
10 143
Free-cash
5 289
-3 298
36 090
47 586

Estimated living cost  is ₴10143 per week

₴7444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
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.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58857
₴63318
₴45810
₴55228
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
342
health insurance
-
-
-
5 069
income
-
-
-
14 069
pensions
-
-
-
12 603
unemployment
-
-
-
822
total
-
-
-
32 905
Employee

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

9 257
-
84 500
-
work injury
46
-
171
-
income
926
-
14 069
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
23 487
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
75 243
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%.

752
8 450
-
-
total
752
8 450
-
-
Dividends
74 491
76 050
-
-
withholding
11 174
11 408
-
-
total
11 174
11 408
-
-
Income
84 500
84 500
84 500
84 500
Total tax
15 397
19 858
23 487
32 905
After tax
69 103
64 642
61 013
51 595
Living cost
5 785
5 785
5 785
5 785
Free-cash
63 318
58 857
55 228
45 810

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27445
₴25497
₴21910
₴18295
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
567
regional
-
-
-
1 957
national
-
-
-
21 566
social contributions
-
-
-
21 437
total
-
-
-
45 527
Employee
36 093
-
84 500
-
social contributions
12 170
-
28 105
-
regional
545
-
1 740
-
municipal
215
-
507
-
national
6 099
-
18 790
-
total
19 029
-
49 142
-
Employer
36 093
-
84 500
-
total
-
-
-
-
Corporate
48 407
84 500
-
-
nationa
11 618
20 280
-
-
municipal
2 334
4 073
-
-
total
13 952
24 353
-
-
Dividends
34 456
60 147
-
-
withholding
8 959
15 639
-
-
total
8 959
15 639
-
-
Income
84 500
84 500
84 500
84 500
Total tax
41 940
39 992
49 142
45 527
After tax
42 560
44 508
35 358
38 973
Living cost
17 063
17 063
17 063
17 063
Free-cash
25 497
27 445
18 295
21 910

Estimated living cost  is ₴17063 per week

₴11986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
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.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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