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
₴27462
₴38791
₴29148
₴32999
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
84 500
income

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

-
-
-
25 713
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.

-
-
-
1 414
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
3 420
trade
-
-
-
9 643
total
-
-
-
40 190
Employee

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

19 145
-
84 500
-
surtax

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

29
-
1 414
-
income

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

535
-
25 713
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

3 420
-
3 420
-
total
3 984
-
30 547
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 355
84 500
-
-
income
9 803
12 675
-
-
surtax

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

540
697
-
-
chamber of commerce
170
198
-
-
trade
10 293
13 309
-
-
total
20 806
26 879
-
-
Dividends
44 549
57 621
-
-
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.

602
782
-
-
withholding
10 947
14 215
-
-
total
11 549
14 997
-
-
Income
84 500
84 500
84 500
84 500
Total tax
36 339
41 876
30 547
40 190
After tax
48 161
42 624
53 953
44 310
Living cost
15 162
15 162
15 162
15 162
Free-cash
32 999
27 462
38 791
29 148

Estimated living cost  is ₴15162 per week

₴9537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1768
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3574
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
₴26097
₴24028
₴23365
₴25654
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
social contributions
-
-
-
908
municipal
-
-
-
9 200
national
-
-
-
14 256
pensions
-
-
-
10 140
total
-
-
-
34 504
Employee
41 284
-
73 050
-
municipal
5 099
-
9 527
-
pensions
1 651
-
2 922
-
national
7 902
-
14 763
-
total
14 652
-
27 212
-
Employer
41 284
-
73 050
-
pensions
3 303
-
5 844
-
social contributions
444
-
785
-
total
3 747
-
6 629
-
Corporate
36 745
84 500
-
-
income

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

7 349
16 900
-
-
total
7 349
16 900
-
-
Dividends
29 396
67 600
-
-
withholding
6 467
14 872
-
-
total
6 467
14 872
-
-
Income
84 500
84 500
84 500
84 500
Total tax
32 215
31 772
33 841
34 504
After tax
52 285
52 728
50 659
49 996
Living cost
26 631
26 631
26 631
26 631
Free-cash
25 654
26 097
24 028
23 365

Estimated living cost  is ₴26631 per week

₴18101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴399
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
₴57186
₴24590
₴18429
₴53080
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
84 500
income
-
-
-
14 930
surtax
-
-
-
21 548
social contributions

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

-
-
-
19 179
microenterprise
-
-
-
-
total
-
-
-
55 657
Employee
14 627
-
63 179
-
surtax
-
-
9 161
-
social contributions

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

1 609
-
6 562
-
income
2 604
-
12 452
-
total
4 213
-
28 175
-
Employer
14 627
-
63 179
-
social contributions

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

3 523
-
14 371
-
surtax
-
-
6 950
-
total
3 523
-
21 321
-
Corporate
66 350
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%.

13 270
16 900
-
-
total
13 270
16 900
-
-
Dividends

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

53 080
67 600
-
-
total
-
-
-
-
Income
84 500
84 500
84 500
84 500
Total tax
21 006
16 900
49 496
55 657
After tax
63 494
67 600
35 004
28 843
Living cost
10 414
10 414
10 414
10 414
Free-cash
53 080
57 186
24 590
18 429

Estimated living cost  is ₴10414 per week

₴6644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴992
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴20811
₴31426
₴25937
₴17745
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 556
health
-
-
-
6 173
pensions
-
-
-
5 865
total
-
-
-
37 594
Employee
42 746
42 746
75 198
-
pensions
7 694
5 865
5 865
-
income

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

6 997
6 997
10 765
-
health
6 561
5 581
6 173
-
total
21 252
18 443
22 803
-
Employer
42 746
42 746
75 198
-
health
2 971
2 971
3 692
-
pensions
2 975
2 975
3 698
-
unemployment
1 539
1 539
1 912
-
total
7 485
7 485
9 302
-
Corporate
34 793
34 269
-
-
income
6 959
6 854
-
-
total
6 959
6 854
-
-
Dividends
27 834
27 415
-
-
income
5 915
5 826
-
-
withholding
4 175
4 112
-
-
total
10 090
9 938
-
-
Income
84 500
84 500
84 500
84 500
Total tax
45 786
42 720
32 105
37 594
After tax
38 714
41 780
52 395
46 906
Living cost
20 969
20 969
20 969
20 969
Free-cash
17 745
20 811
31 426
25 937

Estimated living cost  is ₴20969 per week

₴14860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴26004
₴23039
₴23528
₴25552
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88
other
-
-
-
5 127
unemployment
-
-
-
44
health
-
-
-
2 753
municipal
-
-
-
21 386
national
-
-
-
6 671
pensions
-
-
-
4 770
total
-
-
-
40 839
Employee
28 688
-
70 636
-
municipal
8 555
-
21 064
-
national
-
-
6 400
-
total
8 555
-
27 464
-
Employer
28 688
-
70 636
-
health
1 764
-
2 714
-
pensions
3 101
-
4 770
-
accident
57
-
88
-
unemployment
757
-
1 165
-
other
3 334
-
5 127
-
total
9 013
-
13 864
-
Corporate
46 798
84 500
-
-
income
10 296
18 590
-
-
total
10 296
18 590
-
-
Dividends
36 503
65 910
-
-
withholding
10 951
19 773
-
-
total
10 951
19 773
-
-
Income
84 500
84 500
84 500
84 500
Total tax
38 815
38 363
41 328
40 839
After tax
45 685
46 137
43 172
43 661
Living cost
20 133
20 133
20 133
20 133
Free-cash
25 552
26 004
23 039
23 528

Estimated living cost  is ₴20133 per week

₴13343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4508
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴22527
₴34289
₴24217
₴29560
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
84 500
income

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

-
-
-
25 713
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.

-
-
-
1 414
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
3 420
trade
-
-
-
10 072
total
-
-
-
40 619
Employee

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

25 384
-
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.

120
-
1 414
-
income

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

2 181
-
25 713
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

3 420
-
3 420
-
total
5 721
-
30 547
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 116
84 500
-
-
income
8 867
12 675
-
-
surtax

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

487
697
-
-
chamber of commerce
161
197
-
-
trade
9 724
13 900
-
-
total
19 239
27 469
-
-
Dividends
39 876
57 031
-
-
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.

538
773
-
-
withholding
9 778
14 067
-
-
total
10 316
14 840
-
-
Income
84 500
84 500
84 500
84 500
Total tax
35 276
42 309
30 547
40 619
After tax
49 224
42 191
53 953
43 881
Living cost
19 664
19 664
19 664
19 664
Free-cash
29 560
22 527
34 289
24 217

Estimated living cost  is ₴19664 per week

₴13151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
₴45420
₴40951
₴41704
₴43343
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 307
social contributions
-
-
-
8 099
health
-
-
-
2 154
total
-
-
-
26 560
Employee
38 491
38 491
78 735
-
social contributions
1 870
3 195
4 309
-
income
4 042
3 563
15 901
-
health
383
654
1 338
-
total
6 295
7 412
21 548
-
Employer
38 491
38 491
78 735
-
health
417
712
1 456
-
social contributions
1 870
3 195
4 309
-
total
2 287
3 907
5 765
-
Corporate
59 682
42 102
-
-
income
7 461
5 262
-
-
total
7 461
5 262
-
-
Dividends
52 221
36 840
-
-
withholding
8 878
6 263
-
-
total
8 878
6 263
-
-
Income
84 500
84 500
84 500
84 500
Total tax
24 921
22 844
27 313
26 560
After tax
59 579
61 656
57 187
57 940
Living cost
16 236
16 236
16 236
16 236
Free-cash
43 343
45 420
40 951
41 704

Estimated living cost  is ₴16236 per week

₴11099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴38503
₴40015
₴49568
₴38690
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

12 948
5 153
70 711
-
unemployment
194
77
1 061
-
pensions
1 295
515
7 071
-
income
1 583
630
8 644
-
health
906
361
4 950
-
total
3 978
1 583
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.

12 948
5 153
70 711
-
pensions
2 525
1 005
13 789
-
total
2 525
1 005
13 789
-
Corporate
69 027
78 342
-
-
income
6 212
7 051
-
-
total
6 212
7 051
-
-
Dividends
62 815
71 291
-
-
social contributions
12 190
13 843
-
-
withholding
11 935
13 545
-
-
total
24 125
27 388
-
-
Income
84 500
84 500
84 500
84 500
Total tax
36 840
37 027
35 515
25 962
After tax
47 660
47 473
48 985
58 538
Living cost
8 970
8 970
8 970
8 970
Free-cash
38 690
38 503
40 015
49 568

Estimated living cost  is ₴8970 per week

₴6121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴55510
₴36615
₴33202
₴52400
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
11 323
health
-
-
-
10 985
pensions
-
-
-
16 900
total
-
-
-
39 208
Employee
14 200
-
63 154
-
unemployment
227
-
1 011
-
pensions
284
-
1 263
-
income
1 599
-
12 176
-
total
2 110
-
14 450
-
Employer
14 200
-
63 154
-
health
1 846
-
8 210
-
pensions
2 840
-
12 630
-
unemployment
114
-
505
-
total
4 800
-
21 345
-
Corporate
65 500
84 500
-
-
income
13 100
16 900
-
-
total
13 100
16 900
-
-
Dividends
52 400
67 600
-
-
total
-
-
-
-
Income
84 500
84 500
84 500
84 500
Total tax
20 010
16 900
35 795
39 208
After tax
64 490
67 600
48 705
45 292
Living cost
12 090
12 090
12 090
12 090
Free-cash
52 400
55 510
36 615
33 202

Estimated living cost  is ₴12090 per week

₴8293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴720
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴4315
₴34569
₴46623
₴5134
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
23 185
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
26 718
Employee
17 554
-
75 789
-
pensions
1 977
-
3 870
-
income
2 408
-
17 513
-
health
2 010
-
8 678
-
total
6 395
-
30 061
-
Employer
17 554
-
75 789
-
pensions
2 854
-
5 588
-
accident
293
-
1 266
-
unemployment
430
-
1 857
-
total
3 577
-
8 711
-
Corporate
63 368
84 500
-
-
income

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

57 031
76 050
-
-
total
57 031
76 050
-
-
Dividends
6 337
8 450
-
-
withholding
1 204
1 606
-
-
total
1 204
1 606
-
-
Income
84 500
84 500
84 500
84 500
Total tax
68 207
77 656
38 772
26 718
After tax
16 293
6 844
45 728
57 782
Living cost
11 159
11 159
11 159
11 159
Free-cash
5 134
-4 315
34 569
46 623

Estimated living cost  is ₴11159 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Gdansk model

Close
Batumi , Georgia
₴76249
₴63574
₴79629
₴75495
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
84 500
microenterprise

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

-
-
-
845
total
-
-
-
845
Employee
5 032
-
84 500
-
income
1 006
-
16 900
-
total
1 006
-
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%.

79 468
84 500
-
-
total
-
-
-
-
Dividends
79 468
84 500
-
-
withholding
3 973
4 225
-
-
total
3 973
4 225
-
-
Income
84 500
84 500
84 500
84 500
Total tax
4 979
4 225
16 900
845
After tax
79 521
80 275
67 600
83 655
Living cost
4 026
4 026
4 026
4 026
Free-cash
75 495
76 249
63 574
79 629

Estimated living cost  is ₴4026 per week

₴2495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
₴48744
₴34643
₴33231
₴45364
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 698
other
-
-
-
3 615
health
-
-
-
3 349
pensions

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

-
-
-
18 269
total
-
-
-
37 931
Employee
18 175
-
67 491
-
unemployment
181
-
674
-
pensions

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

1 272
-
4 724
-
income
3 129
-
13 169
-
health
255
-
945
-
total
4 837
-
19 512
-
Employer
18 175
-
67 491
-
health
255
-
945
-
pensions

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

3 090
-
11 473
-
accident
145
-
540
-
unemployment
181
-
674
-
other
909
-
3 375
-
total
4 580
-
17 007
-
Corporate
61 745
84 500
-
-
income
12 966
17 745
-
-
total
12 966
17 745
-
-
Dividends
48 778
66 755
-
-
withholding
3 415
4 673
-
-
total
3 415
4 673
-
-
Income
84 500
84 500
84 500
84 500
Total tax
25 798
22 418
36 519
37 931
After tax
58 702
62 082
47 981
46 569
Living cost
13 338
13 338
13 338
13 338
Free-cash
45 364
48 744
34 643
33 231

Estimated living cost  is ₴13338 per week

₴9424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴22154
₴15075
₴22746
₴22828
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
23 729
pensions
-
-
-
4 439
total
-
-
-
28 168
Employee
47 520
-
73 851
-
pensions
4 584
-
5 489
-
income
8 566
-
18 615
-
health
783
-
1 086
-
total
13 933
-
25 190
-
Employer
47 520
-
73 851
-
health
902
-
1 404
-
pensions
5 611
-
9 245
-
total
6 513
-
10 649
-
Corporate
30 467
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.

5 789
16 055
-
-
total
5 789
16 055
-
-
Dividends
24 678
68 445
-
-
withholding
1 851
12 705
-
-
total
1 851
12 705
-
-
Income
84 500
84 500
84 500
84 500
Total tax
28 086
28 760
35 839
28 168
After tax
56 414
55 740
48 661
56 332
Living cost
33 586
33 586
33 586
33 586
Free-cash
22 828
22 154
15 075
22 746

Estimated living cost  is ₴33586 per week

₴25167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3946
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
₴65684
₴63869
₴60593
₴63358
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
12 675
unemployment
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
17 344
Employee
8 690
-
81 070
-
accident

We are using the highest rate at 1.1%.

96
-
192
-
pensions

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

763
-
1 535
-
income
869
-
8 107
-
health
400
-
804
-
total
2 128
-
10 638
-
Employer
8 690
-
81 070
-
health
600
-
1 206
-
pensions

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

958
-
1 927
-
accident

We are using the highest rate at 1.1%.

96
-
192
-
unemployment
52
-
105
-
total
1 706
-
3 430
-
Corporate
74 104
84 500
-
-
income
7 410
8 450
-
-
total
7 410
8 450
-
-
Dividends
66 694
76 050
-
-
withholding
3 335
3 803
-
-
total
3 335
3 803
-
-
Income
84 500
84 500
84 500
84 500
Total tax
14 579
12 253
14 068
17 344
After tax
69 921
72 247
70 432
67 156
Living cost
6 563
6 563
6 563
6 563
Free-cash
63 358
65 684
63 869
60 593

Estimated living cost  is ₴6563 per week

₴3832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴469
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴14023
₴24638
₴19149
₴15282
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 556
health
-
-
-
6 173
pensions
-
-
-
5 865
total
-
-
-
37 594
Employee
46 408
42 746
75 198
-
pensions
5 865
5 865
5 865
-
income

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

6 997
6 997
10 765
-
health
5 790
5 581
6 173
-
total
18 652
18 443
22 803
-
Employer
46 408
42 746
75 198
-
health
3 225
2 971
3 692
-
pensions
3 230
2 975
3 698
-
unemployment
1 671
1 539
1 912
-
total
8 126
7 485
9 302
-
Corporate
29 966
34 269
-
-
income
5 993
6 854
-
-
total
5 993
6 854
-
-
Dividends
23 973
27 415
-
-
income
5 094
5 826
-
-
withholding
3 596
4 112
-
-
total
8 690
9 938
-
-
Income
84 500
84 500
84 500
84 500
Total tax
41 461
42 720
32 105
37 594
After tax
43 039
41 780
52 395
46 906
Living cost
27 757
27 757
27 757
27 757
Free-cash
15 282
14 023
24 638
19 149

Estimated living cost  is ₴27757 per week

₴20475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2479
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴45921
₴31219
₴34879
₴41549
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 318
social contributions
-
-
-
17 638
solidarity contribution
-
-
-
-
health
-
-
-
11 408
total
-
-
-
37 364
Employee
18 025
-
63 669
-
solidarity contribution
-
-
-
-
social contributions
1 172
-
3 926
-
income
2 163
-
7 672
-
health
2 433
-
8 595
-
total
5 768
-
20 193
-
Employer
18 025
-
63 669
-
health
1 622
-
5 730
-
social contributions
4 506
-
15 101
-
total
6 128
-
20 831
-
Corporate
60 346
84 500
-
-
income
11 466
16 055
-
-
total
11 466
16 055
-
-
Dividends
48 880
68 445
-
-
withholding
7 332
10 267
-
-
total
7 332
10 267
-
-
Income
84 500
84 500
84 500
84 500
Total tax
30 694
26 322
41 024
37 364
After tax
53 806
58 178
43 476
47 136
Living cost
12 257
12 257
12 257
12 257
Free-cash
41 549
45 921
31 219
34 879

Estimated living cost  is ₴12257 per week

₴8514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴23962
₴15660
₴19476
₴21347
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
social contributions
-
-
-
21 733
regional
-
-
-
994
municipal
-
-
-
503
national
-
-
-
20 672
total
-
-
-
43 902
Employee
44 487
-
84 500
-
municipal
236
-
448
-
national
7 709
-
17 900
-
regional
420
-
877
-
social contributions
15 001
-
28 493
-
total
23 366
-
47 718
-
Employer
44 487
-
84 500
-
total
-
-
-
-
Corporate
40 013
84 500
-
-
municipal
1 561
3 295
-
-
nationa
9 604
20 280
-
-
total
11 165
23 575
-
-
Dividends
28 849
60 925
-
-
withholding
7 500
15 841
-
-
total
7 500
15 841
-
-
Income
84 500
84 500
84 500
84 500
Total tax
42 031
39 416
47 718
43 902
After tax
42 469
45 084
36 782
40 598
Living cost
21 122
21 122
21 122
21 122
Free-cash
21 347
23 962
15 660
19 476

Estimated living cost  is ₴21122 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
₴42105
₴25897
₴28989
₴40546
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
22 798
other
-
-
-
-
surtax
-
-
-
3 449
unemployment
-
-
-
114
health
-
-
-
4 743
pensions
-
-
-
13 361
total
-
-
-
44 465
Employee
16 553
-
70 438
-
other
-
-
-
-
unemployment
1 152
-
4 650
-
pensions
1 104
-
4 456
-
surtax
54
-
2 882
-
income
2 775
-
19 804
-
health
423
-
1 703
-
total
5 508
-
33 495
-
Employer
16 553
-
70 438
-
health
753
-
3 040
-
pensions
2 207
-
8 905
-
unemployment
524
-
2 117
-
other
-
-
-
-
total
3 484
-
14 062
-
Corporate
64 462
84 500
-
-
income
16 760
21 970
-
-
total
16 760
21 970
-
-
Dividends
47 702
62 530
-
-
withholding
7 156
9 379
-
-
total
7 156
9 379
-
-
Income
84 500
84 500
84 500
84 500
Total tax
32 908
31 349
47 557
44 465
After tax
51 592
53 151
36 943
40 035
Living cost
11 046
11 046
11 046
11 046
Free-cash
40 546
42 105
25 897
28 989

Estimated living cost  is ₴11046 per week

₴6754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴32795
₴25716
₴33387
₴36113
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
23 729
pensions
-
-
-
4 439
total
-
-
-
28 168
Employee
31 846
-
73 851
-
pensions
2 703
-
5 489
-
income
5 736
-
18 615
-
health
462
-
1 086
-
total
8 901
-
25 190
-
Employer
31 846
-
73 851
-
health
605
-
1 404
-
pensions
3 447
-
9 245
-
total
4 052
-
10 649
-
Corporate
48 601
84 500
-
-
income

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

9 234
16 055
-
-
total
9 234
16 055
-
-
Dividends
39 367
68 445
-
-
withholding
3 255
12 705
-
-
total
3 255
12 705
-
-
Income
84 500
84 500
84 500
84 500
Total tax
25 442
28 760
35 839
28 168
After tax
59 058
55 740
48 661
56 332
Living cost
22 945
22 945
22 945
22 945
Free-cash
36 113
32 795
25 716
33 387

Estimated living cost  is ₴22945 per week

₴17190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1720
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴962
₴25119
₴29187
₴15980
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
other

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

-
-
-
1 690
regional
-
-
-
3 986
health
-
-
-
190
city
-
-
-
891
national
-
-
-
1 180
pensions
-
-
-
7 774
total
-
-
-
15 711
Employee
46 345
-
75 632
-
unemployment
-
-
-
-
pensions
3 894
-
6 354
-
national
219
-
952
-
regional
1 518
-
3 454
-
city
497
-
813
-
health
105
-
170
-
total
6 233
-
11 743
-
Employer
46 345
-
75 632
-
health
105
-
170
-
pensions
3 894
-
6 354
-
unemployment
-
-
-
-
other

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

927
-
1 512
-
total
4 926
-
8 036
-
Corporate
32 721
84 500
-
-
regional
6 921
17 872
-
-
national
2 781
7 183
-
-
total
9 702
25 055
-
-
Dividends
23 020
59 445
-
-
withholding
8 057
20 805
-
-
total
8 057
20 805
-
-
Income
84 500
84 500
84 500
84 500
Total tax
28 918
45 860
19 779
15 711
After tax
55 582
38 640
64 721
68 789
Living cost
39 602
39 602
39 602
39 602
Free-cash
15 980
-962
25 119
29 187

Estimated living cost  is ₴39602 per week

₴25753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3554
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9809
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
₴18824
₴31022
₴20522
₴26941
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
84 500
income

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

-
-
-
25 713
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.

-
-
-
1 414
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
3 420
trade
-
-
-
10 500
total
-
-
-
41 047
Employee

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

30 083
-
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.

195
-
1 414
-
income

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

3 537
-
25 713
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

3 420
-
3 420
-
total
7 152
-
30 547
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 417
84 500
-
-
income
8 163
12 675
-
-
surtax

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

449
697
-
-
chamber of commerce
153
195
-
-
trade
9 333
14 492
-
-
total
18 098
28 059
-
-
Dividends
36 320
56 442
-
-
surtax

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

489
766
-
-
withholding
8 889
13 920
-
-
total
9 378
14 686
-
-
Income
84 500
84 500
84 500
84 500
Total tax
34 628
42 745
30 547
41 047
After tax
49 872
41 755
53 953
43 453
Living cost
22 931
22 931
22 931
22 931
Free-cash
26 941
18 824
31 022
20 522

Estimated living cost  is ₴22931 per week

₴16748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4051
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
₴25463
₴29714
₴30551
₴28419
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 919
other
-
-
-
2 620
surtax
-
-
-
-
social contributions
-
-
-
2 408
health
-
-
-
3 459
pensions
-
-
-
15 417
total
-
-
-
36 823
Employee
21 423
-
65 682
-
pensions
2 422
-
4 449
-
surtax
-
-
-
-
social contributions
611
-
1 871
-
income
1 264
-
12 521
-
total
4 297
-
18 841
-
Employer
21 423
-
65 682
-
health
1 500
-
5 938
-
pensions
3 519
-
7 512
-
unemployment
867
-
2 660
-
social contributions
65
-
197
-
other
739
-
2 512
-
total
6 690
-
18 819
-
Corporate
56 387
84 500
-
-
income
15 788
23 660
-
-
surtax
-
-
-
-
total
15 788
23 660
-
-
Dividends
40 598
60 840
-
-
surtax
-
-
-
-
social contributions
6 983
10 464
-
-
withholding
5 197
7 787
-
-
total
12 180
18 251
-
-
Income
84 500
84 500
84 500
84 500
Total tax
38 955
41 911
37 660
36 823
After tax
45 545
42 589
46 840
47 677
Living cost
17 126
17 126
17 126
17 126
Free-cash
28 419
25 463
29 714
30 551

Estimated living cost  is ₴17126 per week

₴10799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1393
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴27160
₴31411
₴32248
₴29942
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 919
other
-
-
-
2 620
surtax
-
-
-
-
social contributions
-
-
-
2 408
health
-
-
-
3 459
pensions
-
-
-
15 417
total
-
-
-
36 823
Employee
19 123
-
65 682
-
pensions
2 163
-
4 449
-
surtax
-
-
-
-
social contributions
545
-
1 871
-
income
986
-
12 521
-
total
3 694
-
18 841
-
Employer
19 123
-
65 682
-
health
1 338
-
5 938
-
pensions
3 142
-
7 512
-
unemployment
774
-
2 660
-
social contributions
57
-
197
-
other
660
-
2 512
-
total
5 971
-
18 819
-
Corporate
59 405
84 500
-
-
income
16 633
23 660
-
-
surtax
-
-
-
-
total
16 633
23 660
-
-
Dividends
42 772
60 840
-
-
surtax
-
-
-
-
social contributions
7 357
10 464
-
-
withholding
5 474
7 787
-
-
total
12 831
18 251
-
-
Income
84 500
84 500
84 500
84 500
Total tax
39 129
41 911
37 660
36 823
After tax
45 371
42 589
46 840
47 677
Living cost
15 429
15 429
15 429
15 429
Free-cash
29 942
27 160
31 411
32 248

Estimated living cost  is ₴15429 per week

₴8948
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1567
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴40938
₴42018
₴43652
₴41198
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
12 675
social contributions
-
-
-
11 661
health
-
-
-
5 898
total
-
-
-
30 234
Employee
16 972
-
84 500
-
social contributions
2 342
-
11 661
-
income
2 831
-
14 309
-
health
1 185
-
5 898
-
total
6 358
-
31 868
-
Employer
16 972
-
84 500
-
total
-
-
-
-
Corporate
67 528
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%.

3 376
4 225
-
-
total
3 376
4 225
-
-
Dividends
64 152
80 275
-
-
social contributions
8 853
11 078
-
-
withholding
9 623
12 041
-
-
health
4 478
5 604
-
-
total
22 954
28 723
-
-
Income
84 500
84 500
84 500
84 500
Total tax
32 688
32 948
31 868
30 234
After tax
51 812
51 552
52 632
54 266
Living cost
10 614
10 614
10 614
10 614
Free-cash
41 198
40 938
42 018
43 652

Estimated living cost  is ₴10614 per week

₴7103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴654
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2611
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴29154
₴4776
₴25721
₴28378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
22 342
surtax
-
-
-
99
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
338
health
-
-
-
4 473
pensions
-
-
-
10 819
total
-
-
-
41 141
Employee
25 016
19 948
66 952
-
other
250
199
585
-
unemployment
750
598
1 754
-
pensions
2 562
2 042
5 988
-
income
2 848
1 471
17 687
-
health
968
772
2 263
-
total
7 378
5 082
28 277
-
Employer
25 016
19 948
66 952
-
chamber of commerce
100
80
268
-
health
945
754
2 210
-
pensions
3 139
2 504
7 339
-
accident
325
259
760
-
unemployment
750
598
1 754
-
surtax
99
99
99
-
payroll
750
598
2 008
-
other
1 188
947
3 108
-
total
7 296
5 839
17 546
-
Corporate
52 187
58 712
65 053
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

13 047
14 678
16 263
-
total
13 047
14 678
16 263
-
Dividends
39 140
44 034
-
-
withholding
10 763
12 109
-
-
total
10 763
12 109
-
-
Income
84 500
84 500
84 500
84 500
Total tax
38 484
37 708
62 086
41 141
After tax
46 016
46 792
22 414
43 359
Living cost
17 638
17 638
17 638
17 638
Free-cash
28 378
29 154
4 776
25 721

Estimated living cost  is ₴17638 per week

₴11764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1505
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4080
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
₴29014
₴11704
₴18359
₴21508
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
communal

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

-
-
-
4 321
social contributions
-
-
-
12 480
national
-
-
-
31 089
total
-
-
-
47 890
Employee

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

35 805
-
65 448
-
unemployment

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

312
-
569
-
communal

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

1 868
-
3 414
-
pensions

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

2 685
-
4 908
-
national
11 008
-
23 525
-
health

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

1 682
-
3 076
-
total
17 555
-
35 492
-
Employer

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

35 805
-
65 448
-
health

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

2 202
-
4 025
-
pensions

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

3 173
-
5 798
-
accident

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

465
-
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.

522
-
956
-
surtax
4 060
-
7 423
-
total
10 422
-
19 053
-
Corporate
38 272
84 500
-
-
income
7 654
16 900
-
-
surtax
153
338
-
-
total
7 807
17 238
-
-
Dividends
30 465
67 262
-
-
withholding

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

8 957
19 997
-
-
total
8 957
19 997
-
-
Income
84 500
84 500
84 500
84 500
Total tax
44 741
37 235
54 545
47 890
After tax
39 759
47 265
29 955
36 610
Living cost
18 251
18 251
18 251
18 251
Free-cash
21 508
29 014
11 704
18 359

Estimated living cost  is ₴18251 per week

₴11756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1596
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴38292
₴27285
₴29385
₴34789
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
418
income
-
-
-
23 118
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
37 038
Employee
24 917
-
69 709
-
other
25
-
47
-
unemployment
387
-
719
-
pensions
1 171
-
2 181
-
income
5 257
-
21 400
-
total
6 840
-
24 347
-
Employer
24 917
-
69 709
-
pensions
5 880
-
10 950
-
accident
493
-
919
-
unemployment
1 371
-
2 551
-
other
199
-
371
-
total
7 943
-
14 791
-
Corporate
51 641
84 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

7 747
12 675
-
-
total
7 747
12 675
-
-
Dividends
43 895
71 825
-
-
withholding
9 104
15 456
-
-
total
9 104
15 456
-
-
Income
84 500
84 500
84 500
84 500
Total tax
31 634
28 131
39 138
37 038
After tax
52 866
56 369
45 362
47 462
Living cost
18 077
18 077
18 077
18 077
Free-cash
34 789
38 292
27 285
29 385

Estimated living cost  is ₴18077 per week

₴13312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1282
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴22461
₴18353
₴14986
₴16232
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
communal
-
-
-
5 340
accident
-
-
-
712
income
-
-
-
13 467
surtax
-
-
-
4 189
health
-
-
-
5 938
pensions
-
-
-
12 665
total
-
-
-
42 311
Employee
37 907
-
75 480
-
pensions
3 032
-
6 039
-
surtax
2 323
-
4 626
-
income
3 661
-
15 899
-
health
1 687
-
3 359
-
total
10 703
-
29 923
-
Employer
37 907
-
75 480
-
health
1 156
-
2 303
-
pensions
3 032
-
6 039
-
accident
341
-
679
-
total
4 529
-
9 021
-
Corporate
42 064
84 500
-
-
communal
2 839
5 704
-
-
income
6 309
12 675
-
-
surtax
442
887
-
-
total
9 590
19 266
-
-
Dividends
32 473
65 234
-
-
income
11 372
5 785
-
-
withholding
4 871
9 785
-
-
total
16 243
15 570
-
-
Income
84 500
84 500
84 500
84 500
Total tax
41 065
34 836
38 944
42 311
After tax
43 435
49 664
45 556
42 189
Living cost
27 203
27 203
27 203
27 203
Free-cash
16 232
22 461
18 353
14 986

Estimated living cost  is ₴27203 per week

₴20406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴41908
₴25700
₴28792
₴40315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
22 798
other
-
-
-
-
surtax
-
-
-
3 449
unemployment
-
-
-
114
health
-
-
-
4 743
pensions
-
-
-
13 361
total
-
-
-
44 465
Employee
16 857
-
70 438
-
other
-
-
-
-
unemployment
1 173
-
4 650
-
pensions
1 125
-
4 456
-
surtax
60
-
2 882
-
income
2 826
-
19 804
-
health
430
-
1 703
-
total
5 614
-
33 495
-
Employer
16 857
-
70 438
-
health
767
-
3 040
-
pensions
2 247
-
8 905
-
unemployment
535
-
2 117
-
other
-
-
-
-
total
3 549
-
14 062
-
Corporate
64 094
84 500
-
-
income
16 664
21 970
-
-
total
16 664
21 970
-
-
Dividends
47 430
62 530
-
-
withholding
7 115
9 379
-
-
total
7 115
9 379
-
-
Income
84 500
84 500
84 500
84 500
Total tax
32 942
31 349
47 557
44 465
After tax
51 558
53 151
36 943
40 035
Living cost
11 243
11 243
11 243
11 243
Free-cash
40 315
41 908
25 700
28 792

Estimated living cost  is ₴11243 per week

₴6788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴30931
₴23038
₴26834
₴29821
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
social contributions
-
-
-
21 733
regional
-
-
-
1 274
municipal
-
-
-
503
national
-
-
-
20 672
total
-
-
-
44 182
Employee
27 767
-
84 500
-
municipal
147
-
448
-
national
4 399
-
17 900
-
regional
374
-
1 137
-
social contributions
9 363
-
28 493
-
total
14 283
-
47 978
-
Employer
27 767
-
84 500
-
total
-
-
-
-
Corporate
56 733
84 500
-
-
municipal
2 819
4 200
-
-
nationa
13 616
20 280
-
-
total
16 435
24 480
-
-
Dividends
40 298
60 021
-
-
withholding
10 477
15 605
-
-
total
10 477
15 605
-
-
Income
84 500
84 500
84 500
84 500
Total tax
41 195
40 085
47 978
44 182
After tax
43 305
44 415
36 522
40 318
Living cost
13 484
13 484
13 484
13 484
Free-cash
29 821
30 931
23 038
26 834

Estimated living cost  is ₴13484 per week

₴8386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴43074
₴28372
₴32032
₴37686
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 318
social contributions
-
-
-
17 638
solidarity contribution
-
-
-
-
health
-
-
-
11 408
total
-
-
-
37 364
Employee
22 212
-
63 669
-
solidarity contribution
-
-
-
-
social contributions
1 444
-
3 926
-
income
2 665
-
7 672
-
health
2 999
-
8 595
-
total
7 108
-
20 193
-
Employer
22 212
-
63 669
-
health
1 999
-
5 730
-
social contributions
5 553
-
15 101
-
total
7 552
-
20 831
-
Corporate
54 736
84 500
-
-
income
10 400
16 055
-
-
total
10 400
16 055
-
-
Dividends
44 336
68 445
-
-
withholding
6 650
10 267
-
-
total
6 650
10 267
-
-
Income
84 500
84 500
84 500
84 500
Total tax
31 710
26 322
41 024
37 364
After tax
52 790
58 178
43 476
47 136
Living cost
15 104
15 104
15 104
15 104
Free-cash
37 686
43 074
28 372
32 032

Estimated living cost  is ₴15104 per week

₴11232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴30876
₴6474
₴27488
₴30628
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
22 342
surtax
-
-
-
-
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
338
health
-
-
-
4 473
pensions
-
-
-
10 819
total
-
-
-
41 042
Employee
21 881
19 948
67 045
-
other
218
199
585
-
unemployment
656
598
1 754
-
pensions
2 241
2 042
5 988
-
income
1 949
1 471
17 726
-
health
846
772
2 263
-
total
5 910
5 082
28 316
-
Employer
21 881
19 948
67 045
-
chamber of commerce
87
80
268
-
health
827
754
2 210
-
pensions
2 746
2 504
7 339
-
accident
284
259
760
-
unemployment
656
598
1 754
-
surtax
-
-
-
-
payroll
656
598
2 011
-
other
1 039
947
3 112
-
total
6 295
5 740
17 454
-
Corporate
56 322
58 811
65 146
-
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.

14 081
14 703
16 286
-
total
14 081
14 703
16 286
-
Dividends
42 242
44 108
-
-
withholding
11 616
12 129
-
-
total
11 616
12 129
-
-
Income
84 500
84 500
84 500
84 500
Total tax
37 902
37 654
62 056
41 042
After tax
46 598
46 846
22 444
43 458
Living cost
15 970
15 970
15 970
15 970
Free-cash
30 628
30 876
6 474
27 488

Estimated living cost  is ₴15970 per week

₴9580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₴74002
₴61327
₴77382
₴72826
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 842
-
84 500
-
income
1 568
-
16 900
-
total
1 568
-
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%.

76 658
84 500
-
-
total
-
-
-
-
Dividends
76 658
84 500
-
-
withholding
3 833
4 225
-
-
total
3 833
4 225
-
-
Income
84 500
84 500
84 500
84 500
Total tax
5 401
4 225
16 900
845
After tax
79 099
80 275
67 600
83 655
Living cost
6 273
6 273
6 273
6 273
Free-cash
72 826
74 002
61 327
77 382

Estimated living cost  is ₴6273 per week

₴4245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴44752
₴25792
₴28031
₴40565
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
84 500
income
-
-
-
19 170
unemployment
-
-
-
126
health
-
-
-
8 315
pensions
-
-
-
15 432
total
-
-
-
43 043
Employee

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

22 135
-
73 116
-
unemployment
31
-
103
-
pensions
3 431
-
11 333
-
income
3 817
-
17 739
-
health
1 430
-
4 723
-
total
8 709
-
33 898
-
Employer

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

22 135
-
73 116
-
health
1 474
-
4 869
-
pensions
1 959
-
6 471
-
unemployment
13
-
44
-
total
3 446
-
11 384
-
Corporate
58 919
84 500
-
-
income
11 195
16 055
-
-
total
11 195
16 055
-
-
Dividends
47 724
68 445
-
-
withholding
7 159
10 267
-
-
total
7 159
10 267
-
-
Income
84 500
84 500
84 500
84 500
Total tax
30 509
26 322
45 282
43 043
After tax
53 991
58 178
39 218
41 457
Living cost
13 426
13 426
13 426
13 426
Free-cash
40 565
44 752
25 792
28 031

Estimated living cost  is ₴13426 per week

₴9214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴30030
₴56602
₴37016
₴6461
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
16 471
social contributions
-
-
-
9 633
total
-
-
-
26 104
Employee
30 656
-
-
-
social contributions
2 514
-
358
-
income
6 762
-
-
-
total
9 276
-
358
-
Employer
30 656
-
-
-
social contributions
43 225
-
6 160
-
total
43 225
-
6 160
-
Corporate
10 620
84 500
-
-
income
2 336
18 590
-
-
total
2 336
18 590
-
-
Dividends
8 283
65 910
-
-
income
1 822
14 500
-
-
total
1 822
14 500
-
-
Income
84 500
84 500
84 500
84 500
Total tax
56 659
33 090
6 518
26 104
After tax
27 841
51 410
77 982
58 396
Living cost
21 380
21 380
21 380
21 380
Free-cash
6 461
30 030
56 602
37 016

Estimated living cost  is ₴21380 per week

₴13872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5224
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴32363
₴23382
₴29708
₴31858
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
84 500
income
-
-
-
9 727
surtax
-
-
-
-
social contributions

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

-
-
-
29 364
total
-
-
-
39 091
Employee
23 022
-
68 283
-
surtax
-
-
-
-
social contributions
2 532
-
7 511
-
income
4 789
-
21 689
-
total
7 321
-
29 200
-
Employer
23 022
-
68 283
-
social contributions
5 468
-
16 217
-
total
5 468
-
16 217
-
Corporate
56 010
84 500
-
-
income
11 762
17 745
-
-
surtax
-
-
-
-
total
11 762
17 745
-
-
Dividends
44 249
66 755
-
-
withholding
12 390
18 691
-
-
total
12 390
18 691
-
-
Income
84 500
84 500
84 500
84 500
Total tax
36 941
36 436
45 417
39 091
After tax
47 559
48 064
39 083
45 409
Living cost
15 701
15 701
15 701
15 701
Free-cash
31 858
32 363
23 382
29 708

Estimated living cost  is ₴15701 per week

₴11748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴18413
₴22664
₴23501
₴21854
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 919
other
-
-
-
2 620
surtax
-
-
-
-
social contributions
-
-
-
2 408
health
-
-
-
3 459
pensions
-
-
-
15 417
total
-
-
-
36 823
Employee
31 351
-
65 682
-
pensions
3 546
-
4 449
-
surtax
-
-
-
-
social contributions
893
-
1 871
-
income
2 735
-
12 521
-
total
7 174
-
18 841
-
Employer
31 351
-
65 682
-
health
2 194
-
5 938
-
pensions
5 151
-
7 512
-
unemployment
1 270
-
2 660
-
social contributions
94
-
197
-
other
1 082
-
2 512
-
total
9 791
-
18 819
-
Corporate
43 357
84 500
-
-
income
12 140
23 660
-
-
surtax
-
-
-
-
total
12 140
23 660
-
-
Dividends
31 217
60 840
-
-
surtax
-
-
-
-
social contributions
5 369
10 464
-
-
withholding
3 996
7 787
-
-
total
9 365
18 251
-
-
Income
84 500
84 500
84 500
84 500
Total tax
38 470
41 911
37 660
36 823
After tax
46 030
42 589
46 840
47 677
Living cost
24 176
24 176
24 176
24 176
Free-cash
21 854
18 413
22 664
23 501

Estimated living cost  is ₴24176 per week

₴16362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴61003
₴49556
₴47311
₴59322
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 551
social contributions
-
-
-
18 591
total
-
-
-
22 142
Employee
16 093
-
73 160
-
income
-
-
3 801
-
social contributions
1 046
-
4 756
-
total
1 046
-
8 557
-
Employer
16 093
-
73 160
-
social contributions
2 494
-
11 340
-
total
2 494
-
11 340
-
Corporate
65 913
84 500
-
-
income
6 591
8 450
-
-
total
6 591
8 450
-
-
Dividends
59 322
76 050
-
-
total
-
-
-
-
Income
84 500
84 500
84 500
84 500
Total tax
10 131
8 450
19 897
22 142
After tax
74 369
76 050
64 603
62 358
Living cost
15 047
15 047
15 047
15 047
Free-cash
59 322
61 003
49 556
47 311

Estimated living cost  is ₴15047 per week

₴9729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴24559
-₴24559
₴25941
-₴24559
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
labour market
-
-
-
6 725
municipal
-
-
-
17 493
national
-
-
-
9 800
pensions
-
-
-
434
total
-
-
-
34 452
Employee
101 748
101 748
101 748
-
municipal
21 667
21 667
21 667
-
labour market
8 128
8 128
8 128
-
pensions
145
145
145
-
national
12 430
12 430
12 430
-
total
42 370
42 370
42 370
-
Employer
101 748
101 748
101 748
-
national
12 452
12 452
12 452
-
labour market
8 140
8 140
8 140
-
pensions
289
289
289
-
municipal
21 701
21 701
21 701
-
total
42 582
42 582
42 582
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
84 500
84 500
84 500
84 500
Total tax
84 952
84 952
84 952
34 452
After tax
-452
-452
-452
50 048
Living cost
24 107
24 107
24 107
24 107
Free-cash
-24 559
-24 559
-24 559
25 941

Estimated living cost  is ₴24107 per week

₴16499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₴4151
₴34733
₴46787
₴5157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
23 185
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
26 718
Employee
17 296
-
75 789
-
pensions
1 948
-
3 870
-
income
2 373
-
17 513
-
health
1 980
-
8 678
-
total
6 301
-
30 061
-
Employer
17 296
-
75 789
-
pensions
2 812
-
5 588
-
accident
289
-
1 266
-
unemployment
424
-
1 857
-
total
3 525
-
8 711
-
Corporate
63 680
84 500
-
-
income

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

57 312
76 050
-
-
total
57 312
76 050
-
-
Dividends
6 368
8 450
-
-
withholding
1 210
1 606
-
-
total
1 210
1 606
-
-
Income
84 500
84 500
84 500
84 500
Total tax
68 348
77 656
38 772
26 718
After tax
16 152
6 844
45 728
57 782
Living cost
10 995
10 995
10 995
10 995
Free-cash
5 157
-4 151
34 733
46 787

Estimated living cost  is ₴10995 per week

₴8003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴627
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2159
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Krakow model

Close
Helsinki , Finland
₴33960
₴25343
₴35818
₴35130
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
84 500
health
-
-
-
1 092
municipal
-
-
-
15 013
national
-
-
-
13 359
total
-
-
-
29 464
Employee
26 336
-
71 086
-
municipal
4 314
-
11 580
-
unemployment
395
-
1 067
-
pensions
1 777
-
4 798
-
national
435
-
8 194
-
health
197
-
886
-
total
7 118
-
26 525
-
Employer
26 336
-
71 086
-
health
202
-
547
-
pensions
4 569
-
12 334
-
accident
27
-
71
-
unemployment
171
-
462
-
total
4 969
-
13 414
-
Corporate
53 195
84 500
-
-
income
10 639
16 900
-
-
total
10 639
16 900
-
-
Dividends

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

31 917
50 700
-
-
municipal
5 745
9 126
-
-
national
1 681
5 296
-
-
total
7 426
14 422
-
-
Income
84 500
84 500
84 500
84 500
Total tax
30 152
31 322
39 939
29 464
After tax
54 348
53 178
44 561
55 036
Living cost
19 218
19 218
19 218
19 218
Free-cash
35 130
33 960
25 343
35 818

Estimated living cost  is ₴19218 per week

₴12553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Finland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should set up a company and hire themselves as an employee.

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴50067
₴45598
₴46351
₴47343
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 307
social contributions
-
-
-
8 099
health
-
-
-
2 154
total
-
-
-
26 560
Employee
38 491
38 491
78 735
-
social contributions
1 455
3 195
4 309
-
income
4 191
3 563
15 901
-
health
298
654
1 338
-
total
5 944
7 412
21 548
-
Employer
38 491
38 491
78 735
-
health
324
712
1 456
-
social contributions
1 455
3 195
4 309
-
total
1 779
3 907
5 765
-
Corporate
65 187
42 102
-
-
income
8 148
5 262
-
-
total
8 148
5 262
-
-
Dividends
57 039
36 840
-
-
withholding
9 697
6 263
-
-
total
9 697
6 263
-
-
Income
84 500
84 500
84 500
84 500
Total tax
25 568
22 844
27 313
26 560
After tax
58 932
61 656
57 187
57 940
Living cost
11 589
11 589
11 589
11 589
Free-cash
47 343
50 067
45 598
46 351

Estimated living cost  is ₴11589 per week

₴6946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1137
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴62028
₴52938
₴62977
₴59480
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 567
unemployment
-
-
-
14
health
-
-
-
1 811
pensions
-
-
-
3 184
total
-
-
-
13 576
Employee

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

11 490
-
79 608
-
unemployment
57
-
237
-
pensions
1 723
-
7 124
-
income
786
-
7 326
-
health
977
-
4 037
-
total
3 543
-
18 724
-
Employer

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

11 490
-
79 608
-
health
494
-
2 042
-
pensions
632
-
2 612
-
unemployment
57
-
237
-
total
1 183
-
4 891
-
Corporate
71 828
84 500
-
-
income
6 464
7 605
-
-
total
6 464
7 605
-
-
Dividends
65 364
76 895
-
-
withholding
5 883
6 920
-
-
total
5 883
6 920
-
-
Income
84 500
84 500
84 500
84 500
Total tax
17 073
14 525
23 615
13 576
After tax
67 427
69 975
60 885
70 924
Living cost
7 947
7 947
7 947
7 947
Free-cash
59 480
62 028
52 938
62 977

Estimated living cost  is ₴7947 per week

₴5071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴42604
₴31597
₴33697
₴40393
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
418
income
-
-
-
23 118
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
37 038
Employee
18 509
-
69 709
-
other
18
-
47
-
unemployment
287
-
719
-
pensions
870
-
2 181
-
income
3 568
-
21 400
-
total
4 743
-
24 347
-
Employer
18 509
-
69 709
-
pensions
4 368
-
10 950
-
accident
367
-
919
-
unemployment
1 018
-
2 551
-
other
148
-
371
-
total
5 901
-
14 791
-
Corporate
60 090
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.

9 014
12 675
-
-
total
9 014
12 675
-
-
Dividends
51 077
71 825
-
-
withholding
10 684
15 456
-
-
total
10 684
15 456
-
-
Income
84 500
84 500
84 500
84 500
Total tax
30 342
28 131
39 138
37 038
After tax
54 158
56 369
45 362
47 462
Living cost
13 765
13 765
13 765
13 765
Free-cash
40 393
42 604
31 597
33 697

Estimated living cost  is ₴13765 per week

₴9291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴51717
₴53248
₴53320
₴51551
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 896
health
-
-
-
535
pensions
-
-
-
738
total
-
-
-
30 169
Employee
1 540
-
83 670
-
unemployment
15
-
37
-
pensions
139
-
332
-
income
298
-
28 858
-
health
77
-
184
-
total
529
-
29 411
-
Employer
1 540
-
83 670
-
health
146
-
350
-
pensions
169
-
406
-
unemployment
31
-
74
-
total
346
-
830
-
Corporate
82 613
84 500
-
-
income
18 175
18 590
-
-
total
18 175
18 590
-
-
Dividends
64 438
65 910
-
-
withholding
12 888
13 182
-
-
total
12 888
13 182
-
-
Income
84 500
84 500
84 500
84 500
Total tax
31 938
31 772
30 241
30 169
After tax
52 562
52 728
54 259
54 331
Living cost
1 011
1 011
1 011
1 011
Free-cash
51 551
51 717
53 248
53 320

Estimated living cost  is ₴1011 per week

₴601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴52390
₴42815
₴42816
₴49927
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 033
unemployment
-
-
-
555
health
-
-
-
3 812
pensions
-
-
-
9 623
total
-
-
-
33 023
Employee

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

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

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

13 060
-
77 875
-
unemployment
98
-
278
-
pensions
1 828
-
5 182
-
income
1 800
-
19 033
-
health
673
-
1 906
-
total
4 399
-
26 399
-
Employer

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

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

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

13 060
-
77 875
-
health
673
-
1 906
-
pensions
1 567
-
4 441
-
unemployment
98
-
278
-
total
2 338
-
6 625
-
Corporate
69 102
84 500
-
-
income
10 365
12 675
-
-
total
10 365
12 675
-
-
Dividends
58 737
71 825
-
-
withholding
8 810
10 774
-
-
total
8 810
10 774
-
-
Income
84 500
84 500
84 500
84 500
Total tax
25 912
23 449
33 024
33 023
After tax
58 588
61 051
51 476
51 477
Living cost
8 661
8 661
8 661
8 661
Free-cash
49 927
52 390
42 815
42 816

Estimated living cost  is ₴8661 per week

₴5832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴34569
₴25588
₴31914
₴34388
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
84 500
income
-
-
-
9 727
surtax
-
-
-
-
social contributions

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

-
-
-
29 364
total
-
-
-
39 091
Employee
19 428
-
68 283
-
surtax
-
-
-
-
social contributions
2 137
-
7 511
-
income
3 796
-
21 689
-
total
5 933
-
29 200
-
Employer
19 428
-
68 283
-
social contributions
4 614
-
16 217
-
total
4 614
-
16 217
-
Corporate
60 458
84 500
-
-
income
12 696
17 745
-
-
surtax
-
-
-
-
total
12 696
17 745
-
-
Dividends
47 762
66 755
-
-
withholding
13 374
18 691
-
-
total
13 374
18 691
-
-
Income
84 500
84 500
84 500
84 500
Total tax
36 617
36 436
45 417
39 091
After tax
47 883
48 064
39 083
45 409
Living cost
13 495
13 495
13 495
13 495
Free-cash
34 388
34 569
25 588
31 914

Estimated living cost  is ₴13495 per week

₴9558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴938
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴38777
₴27770
₴29870
₴35446
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
418
income
-
-
-
23 118
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
37 038
Employee
24 175
-
69 709
-
other
24
-
47
-
unemployment
374
-
719
-
pensions
1 136
-
2 181
-
income
5 049
-
21 400
-
total
6 583
-
24 347
-
Employer
24 175
-
69 709
-
pensions
5 705
-
10 950
-
accident
479
-
919
-
unemployment
1 330
-
2 551
-
other
194
-
371
-
total
7 708
-
14 791
-
Corporate
52 618
84 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

7 893
12 675
-
-
total
7 893
12 675
-
-
Dividends
44 725
71 825
-
-
withholding
9 278
15 456
-
-
total
9 278
15 456
-
-
Income
84 500
84 500
84 500
84 500
Total tax
31 462
28 131
39 138
37 038
After tax
53 038
56 369
45 362
47 462
Living cost
17 592
17 592
17 592
17 592
Free-cash
35 446
38 777
27 770
29 870

Estimated living cost  is ₴17592 per week

₴12634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴63636
₴61821
₴58545
₴60587
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
12 675
unemployment
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
17 344
Employee
11 402
-
81 070
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
pensions

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

1 001
-
1 535
-
income
1 140
-
8 107
-
health
525
-
804
-
total
2 791
-
10 638
-
Employer
11 402
-
81 070
-
health
787
-
1 206
-
pensions

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

1 256
-
1 927
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
unemployment
68
-
105
-
total
2 236
-
3 430
-
Corporate
70 861
84 500
-
-
income
7 086
8 450
-
-
total
7 086
8 450
-
-
Dividends
63 775
76 050
-
-
withholding
3 189
3 803
-
-
total
3 189
3 803
-
-
Income
84 500
84 500
84 500
84 500
Total tax
15 302
12 253
14 068
17 344
After tax
69 198
72 247
70 432
67 156
Living cost
8 611
8 611
8 611
8 611
Free-cash
60 587
63 636
61 821
58 545

Estimated living cost  is ₴8611 per week

₴5695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴493
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴24169
₴34628
₴25842
₴30717
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
84 500
income

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

-
-
-
25 713
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.

-
-
-
1 414
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
3 420
trade
-
-
-
8 786
total
-
-
-
39 333
Employee

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

24 906
-
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.

113
-
1 414
-
income

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

2 048
-
25 713
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

3 420
-
3 420
-
total
5 581
-
30 547
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 594
84 500
-
-
income
8 939
12 675
-
-
surtax

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

492
697
-
-
chamber of commerce
163
199
-
-
trade
8 552
12 126
-
-
total
18 146
25 697
-
-
Dividends
41 448
58 803
-
-
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.

559
798
-
-
withholding
10 172
14 511
-
-
total
10 731
15 309
-
-
Income
84 500
84 500
84 500
84 500
Total tax
34 458
41 006
30 547
39 333
After tax
50 042
43 494
53 953
45 167
Living cost
19 325
19 325
19 325
19 325
Free-cash
30 717
24 169
34 628
25 842

Estimated living cost  is ₴19325 per week

₴13331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
₴30637
₴16448
₴16448
₴31741
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 526
social contributions
-
-
-
14 012
total
-
-
-
39 538
Employee
39 155
-
84 500
-
income
7 388
-
25 526
-
social contributions
3 253
-
14 012
-
total
10 641
-
39 538
-
Employer
39 155
-
84 500
-
total
-
-
-
-
Corporate
45 345
84 500
-
-
income
5 668
10 562
-
-
total
5 668
10 562
-
-
Dividends
39 677
73 938
-
-
withholding
7 936
14 787
-
-
total
7 936
14 787
-
-
Income
84 500
84 500
84 500
84 500
Total tax
24 245
25 349
39 538
39 538
After tax
60 255
59 151
44 962
44 962
Living cost
28 514
28 514
28 514
28 514
Free-cash
31 741
30 637
16 448
16 448

Estimated living cost  is ₴28514 per week

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

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
₴34110
₴42134
₴49052
₴35858
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
84 500
income
-
-
-
14 249
health

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

-
-
-
3 028
total
-
-
-
17 277
Employee
22 963
-
82 197
-
income
2 492
-
19 590
-
social contributions
2 301
-
2 303
-
total
4 793
-
21 893
-
Employer
22 963
-
82 197
-
social contributions
2 301
-
2 303
-
total
2 301
-
2 303
-
Corporate
59 237
84 500
-
-
income
20 733
29 575
-
-
total
20 733
29 575
-
-
Dividends
38 504
54 925
-
-
social contributions
2 645
2 645
-
-
total
2 645
2 645
-
-
Income
84 500
84 500
84 500
84 500
Total tax
30 472
32 220
24 196
17 277
After tax
54 028
52 280
60 304
67 223
Living cost
18 170
18 170
18 170
18 170
Free-cash
35 858
34 110
42 134
49 052

Estimated living cost  is ₴18170 per week

₴11969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴37086
₴30007
₴37678
₴40059
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
income
-
-
-
23 729
pensions
-
-
-
4 439
total
-
-
-
28 168
Employee
25 605
-
73 851
-
pensions
1 954
-
5 489
-
income
4 663
-
18 615
-
health
334
-
1 086
-
total
6 951
-
25 190
-
Employer
25 605
-
73 851
-
health
487
-
1 404
-
pensions
2 587
-
9 245
-
total
3 074
-
10 649
-
Corporate
55 822
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.

10 606
16 055
-
-
total
10 606
16 055
-
-
Dividends
45 215
68 445
-
-
withholding
5 156
12 705
-
-
total
5 156
12 705
-
-
Income
84 500
84 500
84 500
84 500
Total tax
25 787
28 760
35 839
28 168
After tax
58 713
55 740
48 661
56 332
Living cost
18 654
18 654
18 654
18 654
Free-cash
40 059
37 086
30 007
37 678

Estimated living cost  is ₴18654 per week

₴12796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1715
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴5239
₴33645
₴45699
₴4991
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
23 185
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
26 718
Employee
19 008
-
75 789
-
pensions
2 140
-
3 870
-
income
2 608
-
17 513
-
health
2 176
-
8 678
-
total
6 924
-
30 061
-
Employer
19 008
-
75 789
-
pensions
3 091
-
5 588
-
accident
317
-
1 266
-
unemployment
466
-
1 857
-
total
3 874
-
8 711
-
Corporate
61 619
84 500
-
-
income

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

55 457
76 050
-
-
total
55 457
76 050
-
-
Dividends
6 162
8 450
-
-
withholding
1 171
1 606
-
-
total
1 171
1 606
-
-
Income
84 500
84 500
84 500
84 500
Total tax
67 426
77 656
38 772
26 718
After tax
17 074
6 844
45 728
57 782
Living cost
12 083
12 083
12 083
12 083
Free-cash
4 991
-5 239
33 645
45 699

Estimated living cost  is ₴12083 per week

₴8868
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴704
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2268
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

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Skopje , Macedonia
₴64343
₴52850
₴41838
₴62000
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
84 500
income
-
-
-
13 876
unemployment
-
-
-
961
work injury
-
-
-
400
health insurance
-
-
-
5 926
pensions
-
-
-
14 735
total
-
-
-
35 898
Employee

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

10 822
-
84 500
-
health insurance
801
-
2 963
-
unemployment
130
-
480
-
work injury
54
-
200
-
pensions
1 991
-
7 367
-
income
1 082
-
13 876
-
total
4 058
-
24 886
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
73 678
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%.

737
845
-
-
total
737
845
-
-
Dividends
72 941
83 655
-
-
withholding
10 941
12 548
-
-
total
10 941
12 548
-
-
Income
84 500
84 500
84 500
84 500
Total tax
15 736
13 393
24 886
35 898
After tax
68 764
71 107
59 614
48 602
Living cost
6 764
6 764
6 764
6 764
Free-cash
62 000
64 343
52 850
41 838

Estimated living cost  is ₴6764 per week

₴4190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴24568
₴15949
₴19657
₴22292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
84 500
social contributions
-
-
-
21 733
regional
-
-
-
1 932
municipal
-
-
-
565
national
-
-
-
20 672
total
-
-
-
44 902
Employee
42 180
-
84 500
-
municipal
252
-
504
-
national
7 128
-
17 900
-
regional
637
-
1 713
-
social contributions
14 223
-
28 493
-
total
22 240
-
48 610
-
Employer
42 180
-
84 500
-
total
-
-
-
-
Corporate
42 320
84 500
-
-
municipal
2 039
4 073
-
-
nationa
10 156
20 280
-
-
total
12 195
24 353
-
-
Dividends
30 124
60 147
-
-
withholding
7 832
15 638
-
-
total
7 832
15 638
-
-
Income
84 500
84 500
84 500
84 500
Total tax
42 267
39 991
48 610
44 902
After tax
42 233
44 509
35 890
39 598
Living cost
19 941
19 941
19 941
19 941
Free-cash
22 292
24 568
15 949
19 657

Estimated living cost  is ₴19941 per week

₴14007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4260
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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