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
₴ 85500
per

Your estimated
City
free-cash

Dresden , Germany
₴29596
₴28118
₴33599
₴39433
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 500
trade
-
-
-
9 837
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.

-
-
-
3 385
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.

-
-
-
1 442
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.

-
-
-
26 232
total
-
-
-
40 896
Employee

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

18 952
-
85 500
-
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
-
1 442
-
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.

529
-
26 232
-
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.

3 385
-
3 385
-
total
3 943
-
31 059
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
66 548
85 500
-
-
trade
10 482
13 466
-
-
income
9 982
12 825
-
-
chamber of commerce
171
198
-
-
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.

549
705
-
-
total
21 184
27 194
-
-
Dividends
45 364
58 306
-
-
withholding
11 153
14 388
-
-
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.

613
792
-
-
total
11 766
15 180
-
-
Income
85 500
85 500
85 500
85 500
Total tax
36 893
42 374
31 059
40 896
After tax
48 607
43 126
54 441
44 604
Living cost
15 008
15 008
15 008
15 008
Free-cash
33 599
28 118
39 433
29 596

Estimated living cost  is ₴15008 per week

₴9441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1750
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.
₴3537
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24300
₴27109
₴26672
₴24970
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
municipal
-
-
-
9 326
pensions
-
-
-
10 260
social contributions
-
-
-
919
national
-
-
-
14 452
total
-
-
-
34 957
Employee
40 682
-
73 914
-
municipal
5 025
-
9 657
-
national
7 787
-
14 965
-
pensions
1 627
-
2 957
-
total
14 439
-
27 579
-
Employer
40 682
-
73 914
-
pensions
3 255
-
5 913
-
social contributions
437
-
795
-
total
3 692
-
6 708
-
Corporate
38 441
85 500
-
-
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%.

7 688
17 100
-
-
total
7 688
17 100
-
-
Dividends
30 753
68 400
-
-
withholding
6 766
15 048
-
-
total
6 766
15 048
-
-
Income
85 500
85 500
85 500
85 500
Total tax
32 585
32 148
34 287
34 957
After tax
52 915
53 352
51 213
50 543
Living cost
26 243
26 243
26 243
26 243
Free-cash
26 672
27 109
24 970
24 300

Estimated living cost  is ₴26243 per week

₴17837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2440
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴393
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5574
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19042
₴58092
₴54028
₴25385
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 500
surtax
-
-
-
21 803
social contributions

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

-
-
-
18 985
income
-
-
-
15 362
microenterprise
-
-
-
-
total
-
-
-
56 150
Employee
14 479
-
64 211
-
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.

1 593
-
6 496
-
surtax
-
-
9 311
-
income
2 577
-
12 710
-
total
4 170
-
28 517
-
Employer
14 479
-
64 211
-
surtax
-
-
7 064
-
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.

3 488
-
14 226
-
total
3 488
-
21 290
-
Corporate
67 534
85 500
-
-
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%.

13 506
17 100
-
-
total
13 506
17 100
-
-
Dividends

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

54 027
68 400
-
-
total
-
-
-
-
Income
85 500
85 500
85 500
85 500
Total tax
21 164
17 100
49 807
56 150
After tax
64 336
68 400
35 693
29 350
Living cost
10 308
10 308
10 308
10 308
Free-cash
54 028
58 092
25 385
19 042

Estimated living cost  is ₴10308 per week

₴6576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴982
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2516
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26570
₴21548
₴18513
₴32467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
5 805
health
-
-
-
6 110
income
-
-
-
26 258
total
-
-
-
38 173
Employee
42 314
42 314
76 292
-
pensions
7 616
5 805
5 805
-
income

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

6 926
6 926
11 152
-
health
6 495
5 524
6 110
-
total
21 037
18 255
23 067
-
Employer
42 314
42 314
76 292
-
pensions
2 945
2 945
3 661
-
unemployment
1 523
1 523
1 893
-
health
2 941
2 941
3 655
-
total
7 409
7 409
9 209
-
Corporate
36 296
35 777
-
-
income
7 259
7 156
-
-
total
7 259
7 156
-
-
Dividends
29 037
28 621
-
-
withholding
4 355
4 293
-
-
income
6 170
6 082
-
-
total
10 525
10 375
-
-
Income
85 500
85 500
85 500
85 500
Total tax
46 230
43 195
32 276
38 173
After tax
39 270
42 305
53 224
47 327
Living cost
20 757
20 757
20 757
20 757
Free-cash
18 513
21 548
32 467
26 570

Estimated living cost  is ₴20757 per week

₴14710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1871
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴23785
₴26283
₴25825
₴23290
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
municipal
-
-
-
21 634
pensions
-
-
-
4 833
health
-
-
-
2 790
other
-
-
-
5 195
unemployment
-
-
-
45
accident
-
-
-
89
national
-
-
-
6 729
total
-
-
-
41 315
Employee
29 067
-
71 453
-
municipal
8 668
-
21 307
-
national
-
-
6 456
-
total
8 668
-
27 763
-
Employer
29 067
-
71 453
-
pensions
3 142
-
4 833
-
other
3 378
-
5 195
-
unemployment
767
-
1 180
-
accident
58
-
89
-
health
1 788
-
2 750
-
total
9 133
-
14 047
-
Corporate
47 300
85 500
-
-
income
10 406
18 810
-
-
total
10 406
18 810
-
-
Dividends
36 894
66 690
-
-
withholding
11 068
20 007
-
-
total
11 068
20 007
-
-
Income
85 500
85 500
85 500
85 500
Total tax
39 275
38 817
41 810
41 315
After tax
46 225
46 683
43 690
44 185
Living cost
20 400
20 400
20 400
20 400
Free-cash
25 825
26 283
23 290
23 785

Estimated living cost  is ₴20400 per week

₴13520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2002
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24701
₴23221
₴30183
₴34976
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 500
trade
-
-
-
10 275
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.

-
-
-
3 385
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.

-
-
-
1 442
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.

-
-
-
26 232
total
-
-
-
41 334
Employee

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

25 128
-
85 500
-
surtax

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

118
-
1 442
-
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.

2 159
-
26 232
-
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.

3 385
-
3 385
-
total
5 662
-
31 059
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 372
85 500
-
-
trade
9 931
14 065
-
-
income
9 056
12 825
-
-
chamber of commerce
161
197
-
-
surtax

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

498
705
-
-
total
19 646
27 792
-
-
Dividends
40 726
57 708
-
-
withholding
9 994
14 239
-
-
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.

550
783
-
-
total
10 544
15 022
-
-
Income
85 500
85 500
85 500
85 500
Total tax
35 852
42 814
31 059
41 334
After tax
49 648
42 686
54 441
44 166
Living cost
19 465
19 465
19 465
19 465
Free-cash
30 183
23 221
34 976
24 701

Estimated living cost  is ₴19465 per week

₴13018
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2053
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
₴42457
₴46308
₴44254
₴41701
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
health
-
-
-
2 181
social contributions
-
-
-
8 017
income
-
-
-
16 774
total
-
-
-
26 972
Employee
38 101
38 101
79 759
-
social contributions
1 851
3 162
4 265
-
income
4 001
3 527
16 367
-
health
379
648
1 356
-
total
6 231
7 337
21 988
-
Employer
38 101
38 101
79 759
-
social contributions
1 851
3 162
4 265
-
health
413
705
1 475
-
total
2 264
3 867
5 740
-
Corporate
60 933
43 531
-
-
income
7 616
5 442
-
-
total
7 616
5 442
-
-
Dividends
53 316
38 090
-
-
withholding
9 064
6 475
-
-
total
9 064
6 475
-
-
Income
85 500
85 500
85 500
85 500
Total tax
25 175
23 121
27 728
26 972
After tax
60 325
62 379
57 772
58 528
Living cost
16 071
16 071
16 071
16 071
Free-cash
44 254
46 308
41 701
42 457

Estimated living cost  is ₴16071 per week

₴10986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1255
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3560
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50142
₴38947
₴39136
₴40476
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
8 550
health
-
-
-
5 985
unemployment
-
-
-
1 282
income
-
-
-
10 452
total
-
-
-
26 269
Employee

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

The minimum wage is 138,000 HUF per month.

13 120
5 222
71 548
-
pensions
1 312
522
7 155
-
unemployment
197
78
1 073
-
income
1 604
638
8 747
-
health
918
366
5 008
-
total
4 031
1 604
21 983
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 120
5 222
71 548
-
pensions
2 558
1 018
13 952
-
total
2 558
1 018
13 952
-
Corporate
69 822
79 260
-
-
income
6 284
7 133
-
-
total
6 284
7 133
-
-
Dividends
63 538
72 127
-
-
withholding
12 072
13 704
-
-
social contributions
12 330
14 005
-
-
total
24 402
27 709
-
-
Income
85 500
85 500
85 500
85 500
Total tax
37 275
37 464
35 935
26 269
After tax
48 225
48 036
49 565
59 231
Living cost
9 089
9 089
9 089
9 089
Free-cash
39 136
38 947
40 476
50 142

Estimated living cost  is ₴9089 per week

₴6202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴744
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1961
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33860
₴56432
₴53354
₴37313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
17 100
health
-
-
-
11 115
income
-
-
-
11 457
total
-
-
-
39 672
Employee
14 057
-
63 900
-
pensions
281
-
1 278
-
unemployment
225
-
1 022
-
income
1 583
-
12 320
-
total
2 089
-
14 620
-
Employer
14 057
-
63 900
-
pensions
2 811
-
12 780
-
unemployment
113
-
512
-
health
1 827
-
8 307
-
total
4 751
-
21 599
-
Corporate
66 692
85 500
-
-
income
13 338
17 100
-
-
total
13 338
17 100
-
-
Dividends
53 354
68 400
-
-
total
-
-
-
-
Income
85 500
85 500
85 500
85 500
Total tax
20 178
17 100
36 219
39 672
After tax
65 322
68 400
49 281
45 828
Living cost
11 968
11 968
11 968
11 968
Free-cash
53 354
56 432
37 313
33 860

Estimated living cost  is ₴11968 per week

₴8209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴713
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.
₴2806
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47399
-₴4134
₴5229
₴35276
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
2 092
health
-
-
-
1 096
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
23 540
total
-
-
-
27 041
Employee
17 398
-
76 798
-
pensions
1 959
-
3 835
-
income
2 387
-
17 834
-
health
1 992
-
8 793
-
total
6 338
-
30 462
-
Employer
17 398
-
76 798
-
pensions
2 829
-
5 539
-
unemployment
426
-
1 881
-
accident
290
-
1 282
-
total
3 545
-
8 702
-
Corporate
64 557
85 500
-
-
income

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

58 101
76 950
-
-
total
58 101
76 950
-
-
Dividends
6 456
8 550
-
-
withholding
1 227
1 624
-
-
total
1 227
1 624
-
-
Income
85 500
85 500
85 500
85 500
Total tax
69 211
78 574
39 164
27 041
After tax
16 289
6 926
46 336
58 459
Living cost
11 060
11 060
11 060
11 060
Free-cash
5 229
-4 134
35 276
47 399

Estimated living cost  is ₴11060 per week

₴8106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
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.
₴2111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴80592
₴77172
₴76412
₴64347
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
85 500
microenterprise

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

-
-
-
855
total
-
-
-
855
Employee
5 066
-
85 500
-
income
1 013
-
17 100
-
total
1 013
-
17 100
-
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%.

80 434
85 500
-
-
total
-
-
-
-
Dividends
80 434
85 500
-
-
withholding
4 022
4 275
-
-
total
4 022
4 275
-
-
Income
85 500
85 500
85 500
85 500
Total tax
5 035
4 275
17 100
855
After tax
80 465
81 225
68 400
84 645
Living cost
4 053
4 053
4 053
4 053
Free-cash
76 412
77 172
64 347
80 592

Estimated living cost  is ₴4053 per week

₴2512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34285
₴49614
₴46267
₴35297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions

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

-
-
-
18 084
health
-
-
-
3 315
other
-
-
-
3 579
income
-
-
-
13 034
total
-
-
-
38 012
Employee
17 991
-
68 290
-
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.

1 259
-
4 780
-
unemployment
180
-
683
-
income
3 097
-
13 371
-
health
252
-
956
-
total
4 788
-
19 790
-
Employer
17 991
-
68 290
-
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.

3 059
-
11 610
-
other
900
-
3 415
-
unemployment
180
-
683
-
accident
144
-
546
-
health
252
-
956
-
total
4 535
-
17 210
-
Corporate
62 975
85 500
-
-
income
13 224
17 955
-
-
total
13 224
17 955
-
-
Dividends
49 750
67 545
-
-
withholding
3 483
4 728
-
-
total
3 483
4 728
-
-
Income
85 500
85 500
85 500
85 500
Total tax
26 030
22 683
37 000
38 012
After tax
59 470
62 817
48 500
47 488
Living cost
13 203
13 203
13 203
13 203
Free-cash
46 267
49 614
35 297
34 285

Estimated living cost  is ₴13203 per week

₴9329
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴891
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2770
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24061
₴23350
₴24669
₴16320
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
4 385
income
-
-
-
24 375
total
-
-
-
28 760
Employee
46 237
-
74 695
-
pensions
4 461
-
5 398
-
income
8 335
-
19 213
-
health
762
-
1 085
-
total
13 558
-
25 696
-
Employer
46 237
-
74 695
-
pensions
5 459
-
9 386
-
health
878
-
1 419
-
total
6 337
-
10 805
-
Corporate
32 926
85 500
-
-
income

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

6 256
16 245
-
-
total
6 256
16 245
-
-
Dividends
26 671
69 255
-
-
withholding
2 001
13 226
-
-
total
2 001
13 226
-
-
Income
85 500
85 500
85 500
85 500
Total tax
28 152
29 471
36 501
28 760
After tax
57 348
56 029
48 999
56 740
Living cost
32 679
32 679
32 679
32 679
Free-cash
24 669
23 350
16 320
24 061

Estimated living cost  is ₴32679 per week

₴24487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3840
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴61552
₴66602
₴64299
₴64886
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions

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

-
-
-
2 563
health
-
-
-
1 991
unemployment
-
-
-
69
income
-
-
-
12 825
total
-
-
-
17 448
Employee
8 607
-
82 103
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
pensions

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

756
-
1 520
-
income
861
-
8 210
-
health
396
-
797
-
total
2 108
-
10 717
-
Employer
8 607
-
82 103
-
pensions

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

949
-
1 908
-
unemployment
51
-
104
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
health
594
-
1 195
-
total
1 689
-
3 397
-
Corporate
75 205
85 500
-
-
income
7 520
8 550
-
-
total
7 520
8 550
-
-
Dividends
67 684
76 950
-
-
withholding
3 384
3 848
-
-
total
3 384
3 848
-
-
Income
85 500
85 500
85 500
85 500
Total tax
14 701
12 398
14 114
17 448
After tax
70 799
73 102
71 386
68 052
Living cost
6 500
6 500
6 500
6 500
Free-cash
64 299
66 602
64 886
61 552

Estimated living cost  is ₴6500 per week

₴3795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴464
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2069
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19851
₴14829
₴16075
₴25748
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
5 805
health
-
-
-
6 110
income
-
-
-
26 258
total
-
-
-
38 173
Employee
45 939
42 314
76 292
-
pensions
5 805
5 805
5 805
-
income

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

6 926
6 926
11 152
-
health
5 731
5 524
6 110
-
total
18 462
18 255
23 067
-
Employer
45 939
42 314
76 292
-
pensions
3 197
2 945
3 661
-
unemployment
1 654
1 523
1 893
-
health
3 192
2 941
3 655
-
total
8 043
7 409
9 209
-
Corporate
31 518
35 777
-
-
income
6 304
7 156
-
-
total
6 304
7 156
-
-
Dividends
25 214
28 621
-
-
withholding
3 782
4 293
-
-
income
5 358
6 082
-
-
total
9 140
10 375
-
-
Income
85 500
85 500
85 500
85 500
Total tax
41 949
43 195
32 276
38 173
After tax
43 551
42 305
53 224
47 327
Living cost
27 476
27 476
27 476
27 476
Free-cash
16 075
14 829
25 748
19 851

Estimated living cost  is ₴27476 per week

₴20268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2454
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4439
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35487
₴46552
₴42159
₴31771
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
health
-
-
-
11 542
social contributions
-
-
-
17 720
solidarity contribution
-
-
-
-
income
-
-
-
8 436
total
-
-
-
37 698
Employee
18 110
-
64 521
-
social contributions
1 177
-
3 945
-
income
2 173
-
7 780
-
solidarity contribution
-
-
-
-
health
2 445
-
8 710
-
total
5 795
-
20 435
-
Employer
18 110
-
64 521
-
social contributions
4 527
-
15 172
-
health
1 630
-
5 807
-
total
6 157
-
20 979
-
Corporate
61 233
85 500
-
-
income
11 634
16 245
-
-
total
11 634
16 245
-
-
Dividends
49 598
69 255
-
-
withholding
7 440
10 388
-
-
total
7 440
10 388
-
-
Income
85 500
85 500
85 500
85 500
Total tax
31 026
26 633
41 414
37 698
After tax
54 474
58 867
44 086
47 802
Living cost
12 315
12 315
12 315
12 315
Free-cash
42 159
46 552
31 771
35 487

Estimated living cost  is ₴12315 per week

₴8554
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴876
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2643
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20059
₴24711
₴22122
₴16196
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
municipal
-
-
-
508
regional
-
-
-
1 007
social contributions
-
-
-
21 991
national
-
-
-
21 027
total
-
-
-
44 533
Employee
44 037
-
85 500
-
social contributions
14 849
-
28 831
-
municipal
233
-
453
-
regional
416
-
889
-
national
7 631
-
18 223
-
total
23 129
-
48 396
-
Employer
44 037
-
85 500
-
total
-
-
-
-
Corporate
41 463
85 500
-
-
nationa
9 951
20 520
-
-
municipal
1 617
3 334
-
-
total
11 568
23 854
-
-
Dividends
29 895
61 646
-
-
withholding
7 773
16 027
-
-
total
7 773
16 027
-
-
Income
85 500
85 500
85 500
85 500
Total tax
42 470
39 881
48 396
44 533
After tax
43 030
45 619
37 104
40 967
Living cost
20 908
20 908
20 908
20 908
Free-cash
22 122
24 711
16 196
20 059

Estimated living cost  is ₴20908 per week

₴14575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1371
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4641
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29550
₴42846
₴41302
₴26517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
13 226
health
-
-
-
4 695
surtax
-
-
-
3 581
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
23 401
total
-
-
-
45 016
Employee
16 386
-
71 580
-
surtax
54
-
2 992
-
pensions
1 093
-
4 411
-
other
-
-
-
-
unemployment
1 141
-
4 603
-
income
2 747
-
20 437
-
health
418
-
1 686
-
total
5 453
-
34 129
-
Employer
16 386
-
71 580
-
pensions
2 184
-
8 815
-
other
-
-
-
-
unemployment
519
-
2 096
-
health
746
-
3 009
-
total
3 449
-
13 920
-
Corporate
65 665
85 500
-
-
income
17 073
22 230
-
-
total
17 073
22 230
-
-
Dividends
48 592
63 270
-
-
withholding
7 289
9 490
-
-
total
7 289
9 490
-
-
Income
85 500
85 500
85 500
85 500
Total tax
33 264
31 720
48 049
45 016
After tax
52 236
53 780
37 451
40 484
Living cost
10 934
10 934
10 934
10 934
Free-cash
41 302
42 846
26 517
29 550

Estimated living cost  is ₴10934 per week

₴6686
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1009
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2987
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34414
₴33703
₴36930
₴26673
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
4 385
income
-
-
-
24 375
total
-
-
-
28 760
Employee
30 986
-
74 695
-
pensions
2 630
-
5 398
-
income
5 581
-
19 213
-
health
450
-
1 085
-
total
8 661
-
25 696
-
Employer
30 986
-
74 695
-
pensions
3 354
-
9 386
-
health
589
-
1 419
-
total
3 943
-
10 805
-
Corporate
50 571
85 500
-
-
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.

9 609
16 245
-
-
total
9 609
16 245
-
-
Dividends
40 962
69 255
-
-
withholding
4 031
13 226
-
-
total
4 031
13 226
-
-
Income
85 500
85 500
85 500
85 500
Total tax
26 244
29 471
36 501
28 760
After tax
59 256
56 029
48 999
56 740
Living cost
22 326
22 326
22 326
22 326
Free-cash
36 930
33 703
26 673
34 414

Estimated living cost  is ₴22326 per week

₴16726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1673
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴29953
-₴474
₴16456
₴25877
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
regional
-
-
-
4 068
city
-
-
-
902
pensions
-
-
-
7 867
health
-
-
-
192
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.

-
-
-
1 710
national
-
-
-
1 236
total
-
-
-
15 975
Employee
46 310
-
76 529
-
regional
1 516
-
3 521
-
national
219
-
977
-
pensions
3 891
-
6 428
-
unemployment
-
-
-
-
city
497
-
822
-
health
105
-
172
-
total
6 228
-
11 920
-
Employer
46 310
-
76 529
-
pensions
3 891
-
6 428
-
other

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

926
-
1 531
-
unemployment
-
-
-
-
health
105
-
172
-
total
4 922
-
8 131
-
Corporate
33 760
85 500
-
-
regional
7 140
18 083
-
-
national
2 869
7 267
-
-
total
10 009
25 350
-
-
Dividends
23 750
60 150
-
-
withholding
8 313
21 052
-
-
total
8 313
21 052
-
-
Income
85 500
85 500
85 500
85 500
Total tax
29 472
46 402
20 051
15 975
After tax
56 028
39 098
65 449
69 525
Living cost
39 572
39 572
39 572
39 572
Free-cash
16 456
-474
25 877
29 953

Estimated living cost  is ₴39572 per week

₴25733
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3551
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.
₴9802
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴21030
₴19548
₴27582
₴31742
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 500
trade
-
-
-
10 712
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.

-
-
-
3 385
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.

-
-
-
1 442
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.

-
-
-
26 232
total
-
-
-
41 771
Employee

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

29 779
-
85 500
-
surtax

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

193
-
1 442
-
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.

3 502
-
26 232
-
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.

3 385
-
3 385
-
total
7 080
-
31 059
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 721
85 500
-
-
trade
9 556
14 663
-
-
income
8 358
12 825
-
-
chamber of commerce
153
196
-
-
surtax

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

460
705
-
-
total
18 527
28 389
-
-
Dividends
37 194
57 111
-
-
withholding
9 111
14 089
-
-
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.

501
775
-
-
total
9 612
14 864
-
-
Income
85 500
85 500
85 500
85 500
Total tax
35 219
43 253
31 059
41 771
After tax
50 281
42 247
54 441
43 729
Living cost
22 699
22 699
22 699
22 699
Free-cash
27 582
19 548
31 742
21 030

Estimated living cost  is ₴22699 per week

₴16578
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1816
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31257
₴26139
₴29063
₴30226
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
15 415
health
-
-
-
3 560
surtax
-
-
-
-
other
-
-
-
2 651
social contributions
-
-
-
2 436
income
-
-
-
13 228
total
-
-
-
37 290
Employee
21 207
-
66 352
-
social contributions
605
-
1 891
-
surtax
-
-
-
-
pensions
2 398
-
4 538
-
income
1 252
-
12 745
-
total
4 255
-
19 174
-
Employer
21 207
-
66 352
-
pensions
3 484
-
7 655
-
social contributions
64
-
199
-
other
732
-
2 556
-
unemployment
858
-
2 687
-
health
1 485
-
6 050
-
total
6 623
-
19 147
-
Corporate
57 671
85 500
-
-
income
16 148
23 940
-
-
surtax
-
-
-
-
total
16 148
23 940
-
-
Dividends
41 523
61 560
-
-
withholding
5 315
7 880
-
-
surtax
-
-
-
-
social contributions
7 143
10 588
-
-
total
12 458
18 468
-
-
Income
85 500
85 500
85 500
85 500
Total tax
39 484
42 408
38 321
37 290
After tax
46 016
43 092
47 179
48 210
Living cost
16 953
16 953
16 953
16 953
Free-cash
29 063
26 139
30 226
31 257

Estimated living cost  is ₴16953 per week

₴10689
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1378
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴32937
₴27819
₴30571
₴31906
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
15 415
health
-
-
-
3 560
surtax
-
-
-
-
other
-
-
-
2 651
social contributions
-
-
-
2 436
income
-
-
-
13 228
total
-
-
-
37 290
Employee
18 930
-
66 352
-
social contributions
540
-
1 891
-
surtax
-
-
-
-
pensions
2 141
-
4 538
-
income
976
-
12 745
-
total
3 657
-
19 174
-
Employer
18 930
-
66 352
-
pensions
3 111
-
7 655
-
social contributions
56
-
199
-
other
654
-
2 556
-
unemployment
766
-
2 687
-
health
1 325
-
6 050
-
total
5 912
-
19 147
-
Corporate
60 659
85 500
-
-
income
16 985
23 940
-
-
surtax
-
-
-
-
total
16 985
23 940
-
-
Dividends
43 674
61 560
-
-
withholding
5 590
7 880
-
-
surtax
-
-
-
-
social contributions
7 512
10 588
-
-
total
13 102
18 468
-
-
Income
85 500
85 500
85 500
85 500
Total tax
39 656
42 408
38 321
37 290
After tax
45 844
43 092
47 179
48 210
Living cost
15 273
15 273
15 273
15 273
Free-cash
30 571
27 819
31 906
32 937

Estimated living cost  is ₴15273 per week

₴8858
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1551
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.
₴4575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44401
₴41657
₴41913
₴42690
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
health
-
-
-
5 968
social contributions
-
-
-
11 799
income
-
-
-
12 825
total
-
-
-
30 592
Employee
16 800
-
85 500
-
social contributions
2 319
-
11 799
-
income
2 802
-
14 536
-
health
1 173
-
5 968
-
total
6 294
-
32 303
-
Employer
16 800
-
85 500
-
total
-
-
-
-
Corporate
68 700
85 500
-
-
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%.

3 435
4 275
-
-
total
3 435
4 275
-
-
Dividends
65 265
81 225
-
-
withholding
9 789
12 183
-
-
social contributions
9 006
11 209
-
-
health
4 556
5 669
-
-
total
23 351
29 061
-
-
Income
85 500
85 500
85 500
85 500
Total tax
33 080
33 336
32 303
30 592
After tax
52 420
52 164
53 197
54 908
Living cost
10 507
10 507
10 507
10 507
Free-cash
41 913
41 657
42 690
44 401

Estimated living cost  is ₴10507 per week

₴7032
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26419
₴29865
₴29097
₴5230
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
10 709
health
-
-
-
4 428
surtax
-
-
-
98
unemployment
-
-
-
3 039
income
-
-
-
23 006
chamber of commerce
-
-
-
342
total
-
-
-
41 622
Employee
24 763
19 746
68 004
-
pensions
2 536
2 022
5 928
-
other
247
197
579
-
unemployment
743
592
1 737
-
income
2 819
1 457
18 301
-
health
958
764
2 240
-
total
7 303
5 032
28 785
-
Employer
24 763
19 746
68 004
-
payroll
743
592
2 040
-
chamber of commerce
99
79
272
-
pensions
3 108
2 479
7 265
-
surtax
98
98
98
-
other
1 176
937
3 144
-
unemployment
743
592
1 737
-
accident
322
257
752
-
health
936
747
2 188
-
total
7 225
5 781
17 496
-
Corporate
53 514
59 973
66 123
-
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.

13 379
14 993
16 530
-
total
13 379
14 993
16 530
-
Dividends
40 135
44 980
-
-
withholding
11 037
12 370
-
-
total
11 037
12 370
-
-
Income
85 500
85 500
85 500
85 500
Total tax
38 944
38 176
62 811
41 622
After tax
46 556
47 324
22 689
43 878
Living cost
17 459
17 459
17 459
17 459
Free-cash
29 097
29 865
5 230
26 419

Estimated living cost  is ₴17459 per week

₴11645
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1489
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18991
₴29755
₴22323
₴12137
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
social contributions
-
-
-
12 354
communal

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

-
-
-
4 388
national
-
-
-
31 701
total
-
-
-
48 443
Employee

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

35 443
-
66 224
-
national
10 897
-
23 913
-
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.

2 658
-
4 967
-
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.

308
-
576
-
communal

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

1 849
-
3 454
-
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.

1 665
-
3 112
-
total
17 377
-
36 022
-
Employer

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

35 443
-
66 224
-
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.

3 141
-
5 867
-
surtax
4 019
-
7 509
-
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.

517
-
967
-
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.

461
-
860
-
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.

2 180
-
4 072
-
total
10 318
-
19 275
-
Corporate
39 740
85 500
-
-
income
7 948
17 100
-
-
surtax
159
342
-
-
total
8 107
17 442
-
-
Dividends
31 633
68 057
-
-
withholding

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

9 309
20 237
-
-
total
9 309
20 237
-
-
Income
85 500
85 500
85 500
85 500
Total tax
45 111
37 679
55 297
48 443
After tax
40 389
47 821
30 203
37 057
Living cost
18 066
18 066
18 066
18 066
Free-cash
22 323
29 755
12 137
18 991

Estimated living cost  is ₴18066 per week

₴11637
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1580
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.
₴4567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30107
₴39118
₴35685
₴28028
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
12 997
other
-
-
-
46
unemployment
-
-
-
322
accident
-
-
-
414
income
-
-
-
23 720
total
-
-
-
37 499
Employee
24 665
-
70 859
-
pensions
1 159
-
2 159
-
other
24
-
46
-
unemployment
383
-
712
-
income
5 204
-
22 019
-
total
6 770
-
24 936
-
Employer
24 665
-
70 859
-
pensions
5 820
-
10 839
-
other
197
-
368
-
unemployment
1 357
-
2 526
-
accident
488
-
909
-
total
7 862
-
14 642
-
Corporate
52 973
85 500
-
-
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.

7 946
12 825
-
-
total
7 946
12 825
-
-
Dividends
45 027
72 675
-
-
withholding
9 343
15 663
-
-
total
9 343
15 663
-
-
Income
85 500
85 500
85 500
85 500
Total tax
31 921
28 488
39 578
37 499
After tax
53 579
57 012
45 922
48 001
Living cost
17 894
17 894
17 894
17 894
Free-cash
35 685
39 118
28 028
30 107

Estimated living cost  is ₴17894 per week

₴13177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1269
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15543
₴23201
₴16956
₴18954
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
12 815
health
-
-
-
6 008
surtax
-
-
-
4 239
accident
-
-
-
721
communal
-
-
-
5 404
income
-
-
-
13 843
total
-
-
-
43 030
Employee
37 524
-
76 373
-
surtax
2 300
-
4 681
-
pensions
3 001
-
6 110
-
income
3 624
-
16 304
-
health
1 670
-
3 398
-
total
10 595
-
30 493
-
Employer
37 524
-
76 373
-
pensions
3 001
-
6 110
-
accident
338
-
687
-
health
1 144
-
2 329
-
total
4 483
-
9 126
-
Corporate
43 493
85 500
-
-
communal
2 936
5 772
-
-
income
6 524
12 825
-
-
surtax
457
898
-
-
total
9 917
19 495
-
-
Dividends
33 577
66 006
-
-
withholding
5 036
9 900
-
-
income
11 586
5 977
-
-
total
16 622
15 877
-
-
Income
85 500
85 500
85 500
85 500
Total tax
41 617
35 372
39 619
43 030
After tax
43 883
50 128
45 881
42 470
Living cost
26 927
26 927
26 927
26 927
Free-cash
16 956
23 201
18 954
15 543

Estimated living cost  is ₴26927 per week

₴20200
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.
₴4811
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29355
₴42651
₴41075
₴26322
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
13 226
health
-
-
-
4 695
surtax
-
-
-
3 581
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
23 401
total
-
-
-
45 016
Employee
16 687
-
71 580
-
surtax
59
-
2 992
-
pensions
1 113
-
4 411
-
other
-
-
-
-
unemployment
1 161
-
4 603
-
income
2 797
-
20 437
-
health
426
-
1 686
-
total
5 556
-
34 129
-
Employer
16 687
-
71 580
-
pensions
2 225
-
8 815
-
other
-
-
-
-
unemployment
529
-
2 096
-
health
759
-
3 009
-
total
3 513
-
13 920
-
Corporate
65 300
85 500
-
-
income
16 978
22 230
-
-
total
16 978
22 230
-
-
Dividends
48 322
63 270
-
-
withholding
7 249
9 490
-
-
total
7 249
9 490
-
-
Income
85 500
85 500
85 500
85 500
Total tax
33 296
31 720
48 049
45 016
After tax
52 204
53 780
37 451
40 484
Living cost
11 129
11 129
11 129
11 129
Free-cash
41 075
42 651
26 322
29 355

Estimated living cost  is ₴11129 per week

₴6719
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴968
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3185
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27336
₴31593
₴30492
₴23495
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
municipal
-
-
-
508
regional
-
-
-
1 290
social contributions
-
-
-
21 991
national
-
-
-
21 027
total
-
-
-
44 816
Employee
27 486
-
85 500
-
social contributions
9 269
-
28 831
-
municipal
146
-
453
-
regional
370
-
1 150
-
national
4 355
-
18 223
-
total
14 140
-
48 657
-
Employer
27 486
-
85 500
-
total
-
-
-
-
Corporate
58 014
85 500
-
-
nationa
13 923
20 520
-
-
municipal
2 883
4 249
-
-
total
16 806
24 769
-
-
Dividends
41 208
60 731
-
-
withholding
10 714
15 790
-
-
total
10 714
15 790
-
-
Income
85 500
85 500
85 500
85 500
Total tax
41 660
40 559
48 657
44 816
After tax
43 840
44 941
36 843
40 684
Living cost
13 348
13 348
13 348
13 348
Free-cash
30 492
31 593
23 495
27 336

Estimated living cost  is ₴13348 per week

₴8301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1352
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3466
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32627
₴43692
₴38278
₴28911
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
health
-
-
-
11 542
social contributions
-
-
-
17 720
solidarity contribution
-
-
-
-
income
-
-
-
8 436
total
-
-
-
37 698
Employee
22 316
-
64 521
-
social contributions
1 451
-
3 945
-
income
2 678
-
7 780
-
solidarity contribution
-
-
-
-
health
3 013
-
8 710
-
total
7 142
-
20 435
-
Employer
22 316
-
64 521
-
social contributions
5 579
-
15 172
-
health
2 008
-
5 807
-
total
7 587
-
20 979
-
Corporate
55 596
85 500
-
-
income
10 563
16 245
-
-
total
10 563
16 245
-
-
Dividends
45 033
69 255
-
-
withholding
6 755
10 388
-
-
total
6 755
10 388
-
-
Income
85 500
85 500
85 500
85 500
Total tax
32 047
26 633
41 414
37 698
After tax
53 453
58 867
44 086
47 802
Living cost
15 175
15 175
15 175
15 175
Free-cash
38 278
43 692
28 911
32 627

Estimated living cost  is ₴15175 per week

₴11285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴841
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28168
₴31570
₴31323
₴6905
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
10 709
health
-
-
-
4 428
surtax
-
-
-
-
unemployment
-
-
-
3 039
income
-
-
-
23 006
chamber of commerce
-
-
-
342
total
-
-
-
41 524
Employee
21 660
19 746
68 095
-
pensions
2 218
2 022
5 928
-
other
216
197
579
-
unemployment
650
592
1 737
-
income
1 929
1 457
18 344
-
health
838
764
2 240
-
total
5 851
5 032
28 828
-
Employer
21 660
19 746
68 095
-
payroll
650
592
2 043
-
chamber of commerce
87
79
273
-
pensions
2 718
2 479
7 265
-
surtax
-
-
-
-
other
1 029
937
3 147
-
unemployment
650
592
1 737
-
accident
281
257
752
-
health
819
747
2 188
-
total
6 234
5 683
17 405
-
Corporate
57 607
60 071
66 214
-
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.

14 402
15 018
16 554
-
total
14 402
15 018
16 554
-
Dividends
43 205
45 053
-
-
withholding
11 882
12 389
-
-
total
11 882
12 389
-
-
Income
85 500
85 500
85 500
85 500
Total tax
38 369
38 122
62 787
41 524
After tax
47 131
47 378
22 713
43 976
Living cost
15 808
15 808
15 808
15 808
Free-cash
31 323
31 570
6 905
28 168

Estimated living cost  is ₴15808 per week

₴9483
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴78329
₴74909
₴73725
₴62084
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
85 500
microenterprise

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

-
-
-
855
total
-
-
-
855
Employee
7 895
-
85 500
-
income
1 579
-
17 100
-
total
1 579
-
17 100
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

77 605
85 500
-
-
total
-
-
-
-
Dividends
77 605
85 500
-
-
withholding
3 880
4 275
-
-
total
3 880
4 275
-
-
Income
85 500
85 500
85 500
85 500
Total tax
5 459
4 275
17 100
855
After tax
80 041
81 225
68 400
84 645
Living cost
6 316
6 316
6 316
6 316
Free-cash
73 725
74 909
62 084
78 329

Estimated living cost  is ₴6316 per week

₴4274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28559
₴45577
₴41432
₴26295
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 500
pensions
-
-
-
15 615
health
-
-
-
8 413
unemployment
-
-
-
128
income
-
-
-
19 495
total
-
-
-
43 651
Employee

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

21 911
-
73 981
-
pensions
3 396
-
11 467
-
unemployment
31
-
103
-
income
3 779
-
18 047
-
health
1 415
-
4 780
-
total
8 621
-
34 397
-
Employer

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

21 911
-
73 981
-
pensions
1 939
-
6 547
-
unemployment
13
-
44
-
health
1 459
-
4 927
-
total
3 411
-
11 518
-
Corporate
60 178
85 500
-
-
income
11 434
16 245
-
-
total
11 434
16 245
-
-
Dividends
48 744
69 255
-
-
withholding
7 312
10 388
-
-
total
7 312
10 388
-
-
Income
85 500
85 500
85 500
85 500
Total tax
30 778
26 633
45 915
43 651
After tax
54 722
58 867
39 585
41 849
Living cost
13 290
13 290
13 290
13 290
Free-cash
41 432
45 577
26 295
28 559

Estimated living cost  is ₴13290 per week

₴9121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴852
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37460
₴30391
₴6550
₴57280
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
social contributions
-
-
-
9 747
income
-
-
-
16 666
total
-
-
-
26 413
Employee
31 009
-
-
-
social contributions
2 543
-
362
-
income
6 840
-
-
-
total
9 383
-
362
-
Employer
31 009
-
-
-
social contributions
43 723
-
6 231
-
total
43 723
-
6 231
-
Corporate
10 767
85 500
-
-
income
2 369
18 810
-
-
total
2 369
18 810
-
-
Dividends
8 399
66 690
-
-
income
1 848
14 672
-
-
total
1 848
14 672
-
-
Income
85 500
85 500
85 500
85 500
Total tax
57 323
33 482
6 593
26 413
After tax
28 177
52 018
78 907
59 087
Living cost
21 627
21 627
21 627
21 627
Free-cash
6 550
30 391
57 280
37 460

Estimated living cost  is ₴21627 per week

₴14032
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2034
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5285
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30342
₴33091
₴32592
₴23880
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 500
surtax
-
-
-
-
social contributions

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

-
-
-
29 712
income
-
-
-
9 904
total
-
-
-
39 616
Employee
22 789
-
69 091
-
social contributions
2 507
-
7 600
-
surtax
-
-
-
-
income
4 740
-
22 069
-
total
7 247
-
29 669
-
Employer
22 789
-
69 091
-
social contributions
5 412
-
16 409
-
total
5 412
-
16 409
-
Corporate
57 299
85 500
-
-
income
12 033
17 955
-
-
surtax
-
-
-
-
total
12 033
17 955
-
-
Dividends
45 266
67 545
-
-
withholding
12 674
18 912
-
-
total
12 674
18 912
-
-
Income
85 500
85 500
85 500
85 500
Total tax
37 366
36 867
46 078
39 616
After tax
48 134
48 633
39 422
45 884
Living cost
15 542
15 542
15 542
15 542
Free-cash
32 592
33 091
23 880
30 342

Estimated living cost  is ₴15542 per week

₴11629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴917
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.
₴2737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24278
₴19160
₴22567
₴23247
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
15 415
health
-
-
-
3 560
surtax
-
-
-
-
other
-
-
-
2 651
social contributions
-
-
-
2 436
income
-
-
-
13 228
total
-
-
-
37 290
Employee
31 034
-
66 352
-
social contributions
884
-
1 891
-
surtax
-
-
-
-
pensions
3 510
-
4 538
-
income
2 708
-
12 745
-
total
7 102
-
19 174
-
Employer
31 034
-
66 352
-
pensions
5 099
-
7 655
-
social contributions
93
-
199
-
other
1 071
-
2 556
-
unemployment
1 257
-
2 687
-
health
2 172
-
6 050
-
total
9 692
-
19 147
-
Corporate
44 773
85 500
-
-
income
12 537
23 940
-
-
surtax
-
-
-
-
total
12 537
23 940
-
-
Dividends
32 236
61 560
-
-
withholding
4 126
7 880
-
-
surtax
-
-
-
-
social contributions
5 544
10 588
-
-
total
9 670
18 468
-
-
Income
85 500
85 500
85 500
85 500
Total tax
39 001
42 408
38 321
37 290
After tax
46 499
43 092
47 179
48 210
Living cost
23 932
23 932
23 932
23 932
Free-cash
22 567
19 160
23 247
24 278

Estimated living cost  is ₴23932 per week

₴16197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1958
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48136
₴62056
₴60392
₴50407
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
social contributions
-
-
-
18 810
income
-
-
-
3 660
total
-
-
-
22 470
Employee
15 930
-
74 026
-
social contributions
1 035
-
4 812
-
income
-
-
3 913
-
total
1 035
-
8 725
-
Employer
15 930
-
74 026
-
social contributions
2 469
-
11 474
-
total
2 469
-
11 474
-
Corporate
67 101
85 500
-
-
income
6 710
8 550
-
-
total
6 710
8 550
-
-
Dividends
60 391
76 950
-
-
total
-
-
-
-
Income
85 500
85 500
85 500
85 500
Total tax
10 214
8 550
20 199
22 470
After tax
75 286
76 950
65 301
63 030
Living cost
14 894
14 894
14 894
14 894
Free-cash
60 392
62 056
50 407
48 136

Estimated living cost  is ₴14894 per week

₴9631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1123
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.
₴3861
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26692
-₴22303
-₴22303
-₴22303
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
municipal
-
-
-
17 761
pensions
-
-
-
429
labour market
-
-
-
6 806
national
-
-
-
9 983
total
-
-
-
34 979
Employee
100 577
100 577
100 577
-
municipal
21 417
21 417
21 417
-
national
12 287
12 287
12 287
-
pensions
143
143
143
-
labour market
8 035
8 035
8 035
-
total
41 882
41 882
41 882
-
Employer
100 577
100 577
100 577
-
labour market
8 046
8 046
8 046
-
pensions
286
286
286
-
municipal
21 451
21 451
21 451
-
national
12 309
12 309
12 309
-
total
42 092
42 092
42 092
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
85 500
85 500
85 500
85 500
Total tax
83 974
83 974
83 974
34 979
After tax
1 526
1 526
1 526
50 521
Living cost
23 829
23 829
23 829
23 829
Free-cash
-22 303
-22 303
-22 303
26 692

Estimated living cost  is ₴23829 per week

₴16309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2108
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴366
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47562
-₴3971
₴5254
₴35439
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
2 092
health
-
-
-
1 096
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
23 540
total
-
-
-
27 041
Employee
17 141
-
76 798
-
pensions
1 930
-
3 835
-
income
2 352
-
17 834
-
health
1 963
-
8 793
-
total
6 245
-
30 462
-
Employer
17 141
-
76 798
-
pensions
2 787
-
5 539
-
unemployment
420
-
1 881
-
accident
286
-
1 282
-
total
3 493
-
8 702
-
Corporate
64 866
85 500
-
-
income

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

58 379
76 950
-
-
total
58 379
76 950
-
-
Dividends
6 487
8 550
-
-
withholding
1 232
1 624
-
-
total
1 232
1 624
-
-
Income
85 500
85 500
85 500
85 500
Total tax
69 349
78 574
39 164
27 041
After tax
16 151
6 926
46 336
58 459
Living cost
10 897
10 897
10 897
10 897
Free-cash
5 254
-3 971
35 439
47 562

Estimated living cost  is ₴10897 per week

₴7931
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴621
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2139
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36382
₴34662
₴35867
₴25942
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
85 500
municipal
-
-
-
15 191
health
-
-
-
1 110
national
-
-
-
13 794
total
-
-
-
30 095
Employee
26 069
-
71 928
-
municipal
4 270
-
11 717
-
national
431
-
8 411
-
pensions
1 759
-
4 855
-
unemployment
391
-
1 079
-
health
195
-
901
-
total
7 046
-
26 963
-
Employer
26 069
-
71 928
-
pensions
4 523
-
12 480
-
unemployment
169
-
467
-
accident
26
-
71
-
health
200
-
554
-
total
4 918
-
13 572
-
Corporate
54 512
85 500
-
-
income
10 903
17 100
-
-
total
10 903
17 100
-
-
Dividends

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

32 707
51 300
-
-
municipal
5 887
9 234
-
-
national
1 856
5 480
-
-
total
7 743
14 714
-
-
Income
85 500
85 500
85 500
85 500
Total tax
30 610
31 814
40 535
30 095
After tax
54 890
53 686
44 965
55 405
Living cost
19 024
19 024
19 024
19 024
Free-cash
35 867
34 662
25 942
36 382

Estimated living cost  is ₴19024 per week

₴12426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1830
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4465
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47056
₴50907
₴48209
₴46300
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
health
-
-
-
2 181
social contributions
-
-
-
8 017
income
-
-
-
16 774
total
-
-
-
26 972
Employee
38 101
38 101
79 759
-
social contributions
1 441
3 162
4 265
-
income
4 149
3 527
16 367
-
health
295
648
1 356
-
total
5 885
7 337
21 988
-
Employer
38 101
38 101
79 759
-
social contributions
1 441
3 162
4 265
-
health
321
705
1 475
-
total
1 762
3 867
5 740
-
Corporate
66 382
43 531
-
-
income
8 298
5 442
-
-
total
8 298
5 442
-
-
Dividends
58 084
38 090
-
-
withholding
9 874
6 475
-
-
total
9 874
6 475
-
-
Income
85 500
85 500
85 500
85 500
Total tax
25 819
23 121
27 728
26 972
After tax
59 681
62 379
57 772
58 528
Living cost
11 472
11 472
11 472
11 472
Free-cash
48 209
50 907
46 300
47 056

Estimated living cost  is ₴11472 per week

₴6875
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1126
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63989
₴62936
₴60415
₴54051
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
85 500
pensions
-
-
-
3 152
health
-
-
-
1 793
unemployment
-
-
-
14
income
-
-
-
8 685
total
-
-
-
13 644
Employee

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

11 373
-
80 657
-
pensions
1 706
-
7 052
-
unemployment
56
-
235
-
income
778
-
7 456
-
health
967
-
3 996
-
total
3 507
-
18 739
-
Employer

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

11 373
-
80 657
-
pensions
625
-
2 586
-
unemployment
56
-
235
-
health
489
-
2 022
-
total
1 170
-
4 843
-
Corporate
72 956
85 500
-
-
income
6 566
7 695
-
-
total
6 566
7 695
-
-
Dividends
66 390
77 805
-
-
withholding
5 975
7 002
-
-
total
5 975
7 002
-
-
Income
85 500
85 500
85 500
85 500
Total tax
17 218
14 697
23 582
13 644
After tax
68 282
70 803
61 918
71 856
Living cost
7 867
7 867
7 867
7 867
Free-cash
60 415
62 936
54 051
63 989

Estimated living cost  is ₴7867 per week

₴5019
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴567
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34375
₴43386
₴41197
₴32296
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
12 997
other
-
-
-
46
unemployment
-
-
-
322
accident
-
-
-
414
income
-
-
-
23 720
total
-
-
-
37 499
Employee
18 321
-
70 859
-
pensions
861
-
2 159
-
other
18
-
46
-
unemployment
284
-
712
-
income
3 532
-
22 019
-
total
4 695
-
24 936
-
Employer
18 321
-
70 859
-
pensions
4 324
-
10 839
-
other
147
-
368
-
unemployment
1 008
-
2 526
-
accident
363
-
909
-
total
5 842
-
14 642
-
Corporate
61 337
85 500
-
-
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.

9 201
12 825
-
-
total
9 201
12 825
-
-
Dividends
52 137
72 675
-
-
withholding
10 939
15 663
-
-
total
10 939
15 663
-
-
Income
85 500
85 500
85 500
85 500
Total tax
30 677
28 488
39 578
37 499
After tax
54 823
57 012
45 922
48 001
Living cost
13 626
13 626
13 626
13 626
Free-cash
41 197
43 386
32 296
34 375

Estimated living cost  is ₴13626 per week

₴9197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1310
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.
₴2880
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54042
₴52386
₴52226
₴53974
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
704
health
-
-
-
511
income
-
-
-
29 277
total
-
-
-
30 492
Employee
1 471
-
84 708
-
pensions
132
-
317
-
unemployment
15
-
35
-
income
285
-
29 240
-
health
74
-
176
-
total
506
-
29 768
-
Employer
1 471
-
84 708
-
pensions
162
-
387
-
unemployment
29
-
70
-
health
140
-
335
-
total
331
-
792
-
Corporate
83 698
85 500
-
-
income
18 414
18 810
-
-
total
18 414
18 810
-
-
Dividends
65 285
66 690
-
-
withholding
13 057
13 338
-
-
total
13 057
13 338
-
-
Income
85 500
85 500
85 500
85 500
Total tax
32 308
32 148
30 560
30 492
After tax
53 192
53 352
54 940
55 008
Living cost
966
966
966
966
Free-cash
52 226
52 386
53 974
54 042

Estimated living cost  is ₴966 per week

₴574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴291
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43827
₴53223
₴50790
₴43826
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 500
pensions
-
-
-
9 500
health
-
-
-
3 764
unemployment
-
-
-
548
income
-
-
-
19 310
total
-
-
-
33 122
Employee

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

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

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

12 894
-
78 959
-
pensions
1 805
-
5 116
-
unemployment
97
-
274
-
income
1 777
-
19 310
-
health
664
-
1 882
-
total
4 343
-
26 582
-
Employer

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

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

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

12 894
-
78 959
-
pensions
1 547
-
4 385
-
unemployment
97
-
274
-
health
664
-
1 882
-
total
2 308
-
6 541
-
Corporate
70 298
85 500
-
-
income
10 545
12 825
-
-
total
10 545
12 825
-
-
Dividends
59 753
72 675
-
-
withholding
8 963
10 901
-
-
total
8 963
10 901
-
-
Income
85 500
85 500
85 500
85 500
Total tax
26 159
23 726
33 123
33 122
After tax
59 341
61 774
52 377
52 378
Living cost
8 551
8 551
8 551
8 551
Free-cash
50 790
53 223
43 826
43 827

Estimated living cost  is ₴8551 per week

₴5757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴661
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32526
₴35275
₴35096
₴26064
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 500
surtax
-
-
-
-
social contributions

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

-
-
-
29 712
income
-
-
-
9 904
total
-
-
-
39 616
Employee
19 231
-
69 091
-
social contributions
2 116
-
7 600
-
surtax
-
-
-
-
income
3 758
-
22 069
-
total
5 874
-
29 669
-
Employer
19 231
-
69 091
-
social contributions
4 567
-
16 409
-
total
4 567
-
16 409
-
Corporate
61 702
85 500
-
-
income
12 957
17 955
-
-
surtax
-
-
-
-
total
12 957
17 955
-
-
Dividends
48 744
67 545
-
-
withholding
13 648
18 912
-
-
total
13 648
18 912
-
-
Income
85 500
85 500
85 500
85 500
Total tax
37 046
36 867
46 078
39 616
After tax
48 454
48 633
39 422
45 884
Living cost
13 358
13 358
13 358
13 358
Free-cash
35 096
35 275
26 064
32 526

Estimated living cost  is ₴13358 per week

₴9461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴928
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.
₴2733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30587
₴39598
₴36333
₴28508
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
12 997
other
-
-
-
46
unemployment
-
-
-
322
accident
-
-
-
414
income
-
-
-
23 720
total
-
-
-
37 499
Employee
23 930
-
70 859
-
pensions
1 125
-
2 159
-
other
24
-
46
-
unemployment
370
-
712
-
income
4 998
-
22 019
-
total
6 517
-
24 936
-
Employer
23 930
-
70 859
-
pensions
5 647
-
10 839
-
other
192
-
368
-
unemployment
1 316
-
2 526
-
accident
474
-
909
-
total
7 629
-
14 642
-
Corporate
53 940
85 500
-
-
income

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

8 091
12 825
-
-
total
8 091
12 825
-
-
Dividends
45 849
72 675
-
-
withholding
9 516
15 663
-
-
total
9 516
15 663
-
-
Income
85 500
85 500
85 500
85 500
Total tax
31 753
28 488
39 578
37 499
After tax
53 747
57 012
45 922
48 001
Living cost
17 414
17 414
17 414
17 414
Free-cash
36 333
39 598
28 508
30 587

Estimated living cost  is ₴17414 per week

₴12506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1354
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3309
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59524
₴64574
₴61555
₴62858
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions

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

-
-
-
2 563
health
-
-
-
1 991
unemployment
-
-
-
69
income
-
-
-
12 825
total
-
-
-
17 448
Employee
11 292
-
82 103
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

991
-
1 520
-
income
1 129
-
8 210
-
health
519
-
797
-
total
2 763
-
10 717
-
Employer
11 292
-
82 103
-
pensions

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

1 244
-
1 908
-
unemployment
68
-
104
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
health
779
-
1 195
-
total
2 215
-
3 397
-
Corporate
71 992
85 500
-
-
income
7 199
8 550
-
-
total
7 199
8 550
-
-
Dividends
64 793
76 950
-
-
withholding
3 240
3 848
-
-
total
3 240
3 848
-
-
Income
85 500
85 500
85 500
85 500
Total tax
15 417
12 398
14 114
17 448
After tax
70 083
73 102
71 386
68 052
Living cost
8 528
8 528
8 528
8 528
Free-cash
61 555
64 574
62 858
59 524

Estimated living cost  is ₴8528 per week

₴5640
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴488
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26348
₴24876
₴31356
₴35311
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 500
trade
-
-
-
8 963
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.

-
-
-
3 385
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.

-
-
-
1 442
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.

-
-
-
26 232
total
-
-
-
40 022
Employee

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

24 654
-
85 500
-
surtax

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

112
-
1 442
-
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.

2 027
-
26 232
-
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.

3 385
-
3 385
-
total
5 524
-
31 059
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 846
85 500
-
-
trade
8 732
12 269
-
-
income
9 127
12 825
-
-
chamber of commerce
165
200
-
-
surtax

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

502
705
-
-
total
18 526
25 999
-
-
Dividends
42 321
59 501
-
-
withholding
10 392
14 687
-
-
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.

572
808
-
-
total
10 964
15 495
-
-
Income
85 500
85 500
85 500
85 500
Total tax
35 014
41 494
31 059
40 022
After tax
50 486
44 006
54 441
45 478
Living cost
19 130
19 130
19 130
19 130
Free-cash
31 356
24 876
35 311
26 348

Estimated living cost  is ₴19130 per week

₴13196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2058
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3598
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17041
₴31625
₴32717
₴17041
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
social contributions
-
-
-
14 223
income
-
-
-
26 010
total
-
-
-
40 233
Employee
38 759
-
85 500
-
social contributions
3 220
-
14 223
-
income
7 314
-
26 010
-
total
10 534
-
40 233
-
Employer
38 759
-
85 500
-
total
-
-
-
-
Corporate
46 741
85 500
-
-
income
5 843
10 687
-
-
total
5 843
10 687
-
-
Dividends
40 898
74 813
-
-
withholding
8 180
14 962
-
-
total
8 180
14 962
-
-
Income
85 500
85 500
85 500
85 500
Total tax
24 557
25 649
40 233
40 233
After tax
60 943
59 851
45 267
45 267
Living cost
28 226
28 226
28 226
28 226
Free-cash
32 717
31 625
17 041
17 041

Estimated living cost  is ₴28226 per week

₴21474
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2300
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50365
₴34970
₴36703
₴42914
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 500
health

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

-
-
-
3 043
income
-
-
-
14 105
total
-
-
-
17 148
Employee
22 731
-
83 221
-
social contributions
2 277
-
2 279
-
income
2 466
-
20 041
-
total
4 743
-
22 320
-
Employer
22 731
-
83 221
-
social contributions
2 277
-
2 279
-
total
2 277
-
2 279
-
Corporate
60 492
85 500
-
-
income
21 172
29 925
-
-
total
21 172
29 925
-
-
Dividends
39 320
55 575
-
-
social contributions
2 618
2 618
-
-
total
2 618
2 618
-
-
Income
85 500
85 500
85 500
85 500
Total tax
30 810
32 543
24 599
17 148
After tax
54 690
52 957
60 901
68 352
Living cost
17 987
17 987
17 987
17 987
Free-cash
36 703
34 970
42 914
50 365

Estimated living cost  is ₴17987 per week

₴11848
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1418
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4445
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38590
₴37879
₴40772
₴30849
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
4 385
income
-
-
-
24 375
total
-
-
-
28 760
Employee
24 914
-
74 695
-
pensions
1 902
-
5 398
-
income
4 537
-
19 213
-
health
325
-
1 085
-
total
6 764
-
25 696
-
Employer
24 914
-
74 695
-
pensions
2 517
-
9 386
-
health
473
-
1 419
-
total
2 990
-
10 805
-
Corporate
57 596
85 500
-
-
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.

10 943
16 245
-
-
total
10 943
16 245
-
-
Dividends
46 653
69 255
-
-
withholding
5 881
13 226
-
-
total
5 881
13 226
-
-
Income
85 500
85 500
85 500
85 500
Total tax
26 578
29 471
36 501
28 760
After tax
58 922
56 029
48 999
56 740
Living cost
18 150
18 150
18 150
18 150
Free-cash
40 772
37 879
30 849
38 590

Estimated living cost  is ₴18150 per week

₴12451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1669
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3802
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴46484
-₴5049
₴5089
₴34361
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
pensions
-
-
-
2 092
health
-
-
-
1 096
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
23 540
total
-
-
-
27 041
Employee
18 838
-
76 798
-
pensions
2 121
-
3 835
-
income
2 584
-
17 834
-
health
2 157
-
8 793
-
total
6 862
-
30 462
-
Employer
18 838
-
76 798
-
pensions
3 063
-
5 539
-
unemployment
461
-
1 881
-
accident
315
-
1 282
-
total
3 839
-
8 702
-
Corporate
62 823
85 500
-
-
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.

56 541
76 950
-
-
total
56 541
76 950
-
-
Dividends
6 282
8 550
-
-
withholding
1 194
1 624
-
-
total
1 194
1 624
-
-
Income
85 500
85 500
85 500
85 500
Total tax
68 436
78 574
39 164
27 041
After tax
17 064
6 926
46 336
58 459
Living cost
11 975
11 975
11 975
11 975
Free-cash
5 089
-5 049
34 361
46 484

Estimated living cost  is ₴11975 per week

₴8789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴698
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.
₴2248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42981
₴65264
₴62950
₴53862
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
85 500
pensions
-
-
-
14 561
health insurance
-
-
-
5 856
work injury
-
-
-
396
unemployment
-
-
-
950
income
-
-
-
14 072
total
-
-
-
35 835
Employee

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

10 695
-
85 500
-
pensions
1 968
-
7 281
-
health insurance
791
-
2 928
-
unemployment
128
-
475
-
income
1 069
-
14 072
-
work injury
53
-
198
-
total
4 009
-
24 954
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
74 805
85 500
-
-
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%.

748
855
-
-
total
748
855
-
-
Dividends
74 057
84 645
-
-
withholding
11 109
12 697
-
-
total
11 109
12 697
-
-
Income
85 500
85 500
85 500
85 500
Total tax
15 866
13 552
24 954
35 835
After tax
69 634
71 948
60 546
49 665
Living cost
6 684
6 684
6 684
6 684
Free-cash
62 950
65 264
53 862
42 981

Estimated living cost  is ₴6684 per week

₴4141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20215
₴25297
₴23044
₴16462
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
municipal
-
-
-
572
regional
-
-
-
1 956
social contributions
-
-
-
21 991
national
-
-
-
21 027
total
-
-
-
45 546
Employee
41 754
-
85 500
-
social contributions
14 079
-
28 831
-
municipal
249
-
510
-
regional
630
-
1 735
-
national
7 056
-
18 223
-
total
22 014
-
49 299
-
Employer
41 754
-
85 500
-
total
-
-
-
-
Corporate
43 746
85 500
-
-
nationa
10 499
20 520
-
-
municipal
2 108
4 121
-
-
total
12 607
24 641
-
-
Dividends
31 139
60 858
-
-
withholding
8 096
15 823
-
-
total
8 096
15 823
-
-
Income
85 500
85 500
85 500
85 500
Total tax
42 717
40 464
49 299
45 546
After tax
42 783
45 036
36 201
39 954
Living cost
19 739
19 739
19 739
19 739
Free-cash
23 044
25 297
16 462
20 215

Estimated living cost  is ₴19739 per week

₴13866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
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.
₴4217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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