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
₴28173
₴39463
₴29612
₴33634
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
26 268
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.

-
-
-
1 445
health

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

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

-
-
-
3 372
trade
-
-
-
9 851
total
-
-
-
40 936
Employee

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

18 881
-
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
-
1 445
-
income

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

527
-
26 268
-
health

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

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

3 372
-
3 372
-
total
3 928
-
31 085
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
66 619
85 500
-
-
income
9 993
12 825
-
-
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
705
-
-
chamber of commerce
170
198
-
-
trade
10 492
13 466
-
-
total
21 205
27 194
-
-
Dividends
45 414
58 306
-
-
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.

615
792
-
-
withholding
11 166
14 389
-
-
total
11 781
15 181
-
-
Income
85 500
85 500
85 500
85 500
Total tax
36 914
42 375
31 085
40 936
After tax
48 586
43 125
54 415
44 564
Living cost
14 952
14 952
14 952
14 952
Free-cash
33 634
28 173
39 463
29 612

Estimated living cost  is ₴14952 per week

₴9405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3524
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
₴27137
₴24996
₴24326
₴26701
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
919
municipal
-
-
-
9 327
national
-
-
-
14 453
pensions
-
-
-
10 260
total
-
-
-
34 959
Employee
40 639
-
73 914
-
municipal
5 020
-
9 658
-
pensions
1 626
-
2 957
-
national
7 778
-
14 966
-
total
14 424
-
27 581
-
Employer
40 639
-
73 914
-
pensions
3 251
-
5 913
-
social contributions
437
-
795
-
total
3 688
-
6 708
-
Corporate
38 491
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%.

7 698
17 100
-
-
total
7 698
17 100
-
-
Dividends
30 793
68 400
-
-
withholding
6 774
15 048
-
-
total
6 774
15 048
-
-
Income
85 500
85 500
85 500
85 500
Total tax
32 584
32 148
34 289
34 959
After tax
52 916
53 352
51 211
50 541
Living cost
26 215
26 215
26 215
26 215
Free-cash
26 701
27 137
24 996
24 326

Estimated living cost  is ₴26215 per week

₴17818
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
₴58130
₴25472
₴19109
₴54080
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
15 404
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.

-
-
-
18 914
microenterprise
-
-
-
-
total
-
-
-
56 121
Employee
14 425
-
64 259
-
surtax
-
-
9 317
-
social contributions

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

1 587
-
6 471
-
income
2 568
-
12 729
-
total
4 155
-
28 517
-
Employer
14 425
-
64 259
-
social contributions

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

3 475
-
14 173
-
surtax
-
-
7 068
-
total
3 475
-
21 241
-
Corporate
67 601
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%.

13 520
17 100
-
-
total
13 520
17 100
-
-
Dividends

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

54 081
68 400
-
-
total
-
-
-
-
Income
85 500
85 500
85 500
85 500
Total tax
21 150
17 100
49 758
56 121
After tax
64 350
68 400
35 742
29 379
Living cost
10 270
10 270
10 270
10 270
Free-cash
54 080
58 130
25 472
19 109

Estimated living cost  is ₴10270 per week

₴6552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴21628
₴32581
₴26625
₴18604
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
26 324
health
-
-
-
6 087
pensions
-
-
-
5 784
total
-
-
-
38 195
Employee
42 155
42 155
76 326
-
pensions
7 588
5 784
5 784
-
income

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

6 900
6 900
11 194
-
health
6 470
5 504
6 087
-
total
20 958
18 188
23 065
-
Employer
42 155
42 155
76 326
-
health
2 930
2 930
3 641
-
pensions
2 934
2 934
3 647
-
unemployment
1 518
1 518
1 886
-
total
7 382
7 382
9 174
-
Corporate
36 480
35 963
-
-
income
7 296
7 193
-
-
total
7 296
7 193
-
-
Dividends
29 184
28 770
-
-
income
6 202
6 113
-
-
withholding
4 378
4 316
-
-
total
10 580
10 429
-
-
Income
85 500
85 500
85 500
85 500
Total tax
46 216
43 192
32 239
38 195
After tax
39 284
42 308
53 261
47 305
Living cost
20 680
20 680
20 680
20 680
Free-cash
18 604
21 628
32 581
26 625

Estimated living cost  is ₴20680 per week

₴14655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴26458
₴23421
₴23911
₴26003
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
89
other
-
-
-
5 151
unemployment
-
-
-
44
health
-
-
-
2 766
municipal
-
-
-
21 667
national
-
-
-
6 855
pensions
-
-
-
4 792
total
-
-
-
41 364
Employee
28 819
-
71 573
-
municipal
8 594
-
21 343
-
national
-
-
6 583
-
total
8 594
-
27 926
-
Employer
28 819
-
71 573
-
health
1 772
-
2 726
-
pensions
3 115
-
4 792
-
accident
58
-
89
-
unemployment
761
-
1 170
-
other
3 349
-
5 151
-
total
9 055
-
13 928
-
Corporate
47 626
85 500
-
-
income
10 478
18 810
-
-
total
10 478
18 810
-
-
Dividends
37 148
66 690
-
-
withholding
11 145
20 007
-
-
total
11 145
20 007
-
-
Income
85 500
85 500
85 500
85 500
Total tax
39 272
38 817
41 854
41 364
After tax
46 228
46 683
43 646
44 136
Living cost
20 225
20 225
20 225
20 225
Free-cash
26 003
26 458
23 421
23 911

Estimated living cost  is ₴20225 per week

₴13404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1985
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4529
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴23293
₴35022
₴24732
₴30228
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
26 268
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.

-
-
-
1 445
health

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

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

-
-
-
3 372
trade
-
-
-
10 290
total
-
-
-
41 375
Employee

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

25 034
-
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
-
1 445
-
income

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

2 151
-
26 268
-
health

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

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

3 372
-
3 372
-
total
5 641
-
31 085
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 466
85 500
-
-
income
9 070
12 825
-
-
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.

499
705
-
-
chamber of commerce
161
197
-
-
trade
9 947
14 065
-
-
total
19 677
27 792
-
-
Dividends
40 789
57 708
-
-
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.

551
783
-
-
withholding
10 010
14 239
-
-
total
10 561
15 022
-
-
Income
85 500
85 500
85 500
85 500
Total tax
35 879
42 814
31 085
41 375
After tax
49 621
42 686
54 415
44 125
Living cost
19 393
19 393
19 393
19 393
Free-cash
30 228
23 293
35 022
24 732

Estimated living cost  is ₴19393 per week

₴12970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2045
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
₴46367
₴41747
₴42501
₴44319
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
16 821
social contributions
-
-
-
7 987
health
-
-
-
2 180
total
-
-
-
26 988
Employee
37 959
37 959
79 775
-
social contributions
1 845
3 150
4 249
-
income
3 986
3 514
16 413
-
health
378
645
1 356
-
total
6 209
7 309
22 018
-
Employer
37 959
37 959
79 775
-
health
411
703
1 475
-
social contributions
1 845
3 150
4 249
-
total
2 256
3 853
5 724
-
Corporate
61 025
43 688
-
-
income
7 628
5 461
-
-
total
7 628
5 461
-
-
Dividends
53 396
38 227
-
-
withholding
9 077
6 499
-
-
total
9 077
6 499
-
-
Income
85 500
85 500
85 500
85 500
Total tax
25 170
23 122
27 742
26 988
After tax
60 330
62 378
57 758
58 512
Living cost
16 011
16 011
16 011
16 011
Free-cash
44 319
46 367
41 747
42 501

Estimated living cost  is ₴16011 per week

₴10945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1251
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴38977
₴40507
₴50172
₴39164
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
10 452
unemployment
-
-
-
1 283
health
-
-
-
5 985
pensions
-
-
-
8 550
total
-
-
-
26 270
Employee

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

The minimum wage is 138,000 HUF per month.

13 076
5 204
71 548
-
unemployment
196
78
1 073
-
pensions
1 308
520
7 155
-
income
1 599
636
8 747
-
health
915
364
5 008
-
total
4 018
1 598
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.

13 076
5 204
71 548
-
pensions
2 550
1 015
13 952
-
total
2 550
1 015
13 952
-
Corporate
69 874
79 281
-
-
income
6 289
7 135
-
-
total
6 289
7 135
-
-
Dividends
63 586
72 146
-
-
social contributions
12 340
14 009
-
-
withholding
12 081
13 708
-
-
total
24 421
27 717
-
-
Income
85 500
85 500
85 500
85 500
Total tax
37 278
37 465
35 935
26 270
After tax
48 222
48 035
49 565
59 230
Living cost
9 058
9 058
9 058
9 058
Free-cash
39 164
38 977
40 507
50 172

Estimated living cost  is ₴9058 per week

₴6182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴56477
₴37359
₴33905
₴53411
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
11 457
health
-
-
-
11 115
pensions
-
-
-
17 100
total
-
-
-
39 672
Employee
14 004
-
63 900
-
unemployment
224
-
1 022
-
pensions
280
-
1 278
-
income
1 577
-
12 320
-
total
2 081
-
14 620
-
Employer
14 004
-
63 900
-
health
1 820
-
8 307
-
pensions
2 801
-
12 780
-
unemployment
112
-
511
-
total
4 733
-
21 598
-
Corporate
66 762
85 500
-
-
income
13 352
17 100
-
-
total
13 352
17 100
-
-
Dividends
53 410
68 400
-
-
total
-
-
-
-
Income
85 500
85 500
85 500
85 500
Total tax
20 166
17 100
36 218
39 672
After tax
65 334
68 400
49 282
45 828
Living cost
11 923
11 923
11 923
11 923
Free-cash
53 411
56 477
37 359
33 905

Estimated living cost  is ₴11923 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴710
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴4069
₴35358
₴47463
₴5239
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
23 562
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
27 042
Employee
17 295
-
76 829
-
pensions
1 947
-
3 813
-
income
2 373
-
17 866
-
health
1 980
-
8 797
-
total
6 300
-
30 476
-
Employer
17 295
-
76 829
-
pensions
2 812
-
5 506
-
accident
289
-
1 283
-
unemployment
424
-
1 882
-
total
3 525
-
8 671
-
Corporate
64 680
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.

58 212
76 950
-
-
total
58 212
76 950
-
-
Dividends
6 468
8 550
-
-
withholding
1 229
1 624
-
-
total
1 229
1 624
-
-
Income
85 500
85 500
85 500
85 500
Total tax
69 266
78 574
39 147
27 042
After tax
16 234
6 926
46 353
58 458
Living cost
10 995
10 995
10 995
10 995
Free-cash
5 239
-4 069
35 358
47 463

Estimated living cost  is ₴10995 per week

₴8058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴609
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2098
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₴77230
₴64405
₴80650
₴76481
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 994
-
85 500
-
income
999
-
17 100
-
total
999
-
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%.

80 506
85 500
-
-
total
-
-
-
-
Dividends
80 506
85 500
-
-
withholding
4 025
4 275
-
-
total
4 025
4 275
-
-
Income
85 500
85 500
85 500
85 500
Total tax
5 024
4 275
17 100
855
After tax
80 476
81 225
68 400
84 645
Living cost
3 995
3 995
3 995
3 995
Free-cash
76 481
77 230
64 405
80 650

Estimated living cost  is ₴3995 per week

₴2476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴332
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₴49663
₴35339
₴34398
₴46330
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
13 064
other
-
-
-
3 565
health
-
-
-
3 303
pensions

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

-
-
-
18 016
total
-
-
-
37 948
Employee
17 924
-
68 290
-
unemployment
179
-
683
-
pensions

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

1 254
-
4 780
-
income
3 086
-
13 378
-
health
251
-
956
-
total
4 770
-
19 797
-
Employer
17 924
-
68 290
-
health
251
-
956
-
pensions

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

3 047
-
11 610
-
accident
143
-
546
-
unemployment
179
-
683
-
other
897
-
3 415
-
total
4 517
-
17 210
-
Corporate
63 059
85 500
-
-
income
13 242
17 955
-
-
total
13 242
17 955
-
-
Dividends
49 817
67 545
-
-
withholding
3 487
4 728
-
-
total
3 487
4 728
-
-
Income
85 500
85 500
85 500
85 500
Total tax
26 016
22 683
37 007
37 948
After tax
59 484
62 817
48 493
47 552
Living cost
13 154
13 154
13 154
13 154
Free-cash
46 330
49 663
35 339
34 398

Estimated living cost  is ₴13154 per week

₴9294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴23252
₴16207
₴23951
₴24505
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
24 337
pensions
-
-
-
4 396
total
-
-
-
28 733
Employee
46 430
-
74 698
-
pensions
4 479
-
5 414
-
income
8 369
-
19 175
-
health
765
-
1 086
-
total
13 613
-
25 675
-
Employer
46 430
-
74 698
-
health
882
-
1 419
-
pensions
5 482
-
9 383
-
total
6 364
-
10 802
-
Corporate
32 706
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.

6 215
16 245
-
-
total
6 215
16 245
-
-
Dividends
26 492
69 255
-
-
withholding
1 987
13 187
-
-
total
1 987
13 187
-
-
Income
85 500
85 500
85 500
85 500
Total tax
28 179
29 432
36 477
28 733
After tax
57 321
56 068
49 023
56 767
Living cost
32 816
32 816
32 816
32 816
Free-cash
24 505
23 252
16 207
23 951

Estimated living cost  is ₴32816 per week

₴24590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
₴66621
₴64920
₴61584
₴64325
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
12 825
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
17 435
Employee
8 582
-
82 112
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
pensions

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

754
-
1 516
-
income
858
-
8 211
-
health
395
-
794
-
total
2 101
-
10 711
-
Employer
8 582
-
82 112
-
health
592
-
1 191
-
pensions

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

946
-
1 903
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
unemployment
51
-
104
-
total
1 683
-
3 388
-
Corporate
75 234
85 500
-
-
income
7 524
8 550
-
-
total
7 524
8 550
-
-
Dividends
67 711
76 950
-
-
withholding
3 386
3 848
-
-
total
3 386
3 848
-
-
Income
85 500
85 500
85 500
85 500
Total tax
14 694
12 398
14 099
17 435
After tax
70 806
73 102
71 401
68 065
Living cost
6 481
6 481
6 481
6 481
Free-cash
64 325
66 621
64 920
61 584

Estimated living cost  is ₴6481 per week

₴3784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴14935
₴25888
₴19932
₴16178
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
26 324
health
-
-
-
6 087
pensions
-
-
-
5 784
total
-
-
-
38 195
Employee
45 767
42 155
76 326
-
pensions
5 784
5 784
5 784
-
income

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

6 900
6 900
11 194
-
health
5 710
5 504
6 087
-
total
18 394
18 188
23 065
-
Employer
45 767
42 155
76 326
-
health
3 180
2 930
3 641
-
pensions
3 185
2 934
3 647
-
unemployment
1 648
1 518
1 886
-
total
8 013
7 382
9 174
-
Corporate
31 719
35 963
-
-
income
6 344
7 193
-
-
total
6 344
7 193
-
-
Dividends
25 375
28 770
-
-
income
5 392
6 113
-
-
withholding
3 806
4 316
-
-
total
9 198
10 429
-
-
Income
85 500
85 500
85 500
85 500
Total tax
41 949
43 192
32 239
38 195
After tax
43 551
42 308
53 261
47 305
Living cost
27 373
27 373
27 373
27 373
Free-cash
16 178
14 935
25 888
19 932

Estimated living cost  is ₴27373 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴46600
₴31872
₴35592
₴42223
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 446
social contributions
-
-
-
17 652
solidarity contribution
-
-
-
-
health
-
-
-
11 543
total
-
-
-
37 641
Employee
18 040
-
64 575
-
solidarity contribution
-
-
-
-
social contributions
1 173
-
3 929
-
income
2 165
-
7 789
-
health
2 435
-
8 718
-
total
5 773
-
20 436
-
Employer
18 040
-
64 575
-
health
1 624
-
5 812
-
social contributions
4 510
-
15 113
-
total
6 134
-
20 925
-
Corporate
61 326
85 500
-
-
income
11 652
16 245
-
-
total
11 652
16 245
-
-
Dividends
49 674
69 255
-
-
withholding
7 451
10 388
-
-
total
7 451
10 388
-
-
Income
85 500
85 500
85 500
85 500
Total tax
31 010
26 633
41 361
37 641
After tax
54 490
58 867
44 139
47 859
Living cost
12 267
12 267
12 267
12 267
Free-cash
42 223
46 600
31 872
35 592

Estimated living cost  is ₴12267 per week

₴8521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴24787
₴16256
₴20119
₴22211
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 990
regional
-
-
-
1 007
municipal
-
-
-
508
national
-
-
-
21 046
total
-
-
-
44 551
Employee
43 872
-
85 500
-
municipal
232
-
453
-
national
7 602
-
18 241
-
regional
414
-
889
-
social contributions
14 794
-
28 831
-
total
23 042
-
48 414
-
Employer
43 872
-
85 500
-
total
-
-
-
-
Corporate
41 628
85 500
-
-
municipal
1 623
3 335
-
-
nationa
9 991
20 520
-
-
total
11 614
23 855
-
-
Dividends
30 013
61 645
-
-
withholding
7 803
16 028
-
-
total
7 803
16 028
-
-
Income
85 500
85 500
85 500
85 500
Total tax
42 459
39 883
48 414
44 551
After tax
43 041
45 617
37 086
40 949
Living cost
20 830
20 830
20 830
20 830
Free-cash
22 211
24 787
16 256
20 119

Estimated living cost  is ₴20830 per week

₴14520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴42886
₴26568
₴29587
₴41350
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
23 458
other
-
-
-
-
surtax
-
-
-
3 596
unemployment
-
-
-
112
health
-
-
-
4 677
pensions
-
-
-
13 177
total
-
-
-
45 020
Employee
16 325
-
71 632
-
other
-
-
-
-
unemployment
1 136
-
4 586
-
pensions
1 089
-
4 394
-
surtax
53
-
3 006
-
income
2 736
-
20 505
-
health
417
-
1 680
-
total
5 431
-
34 171
-
Employer
16 325
-
71 632
-
health
743
-
2 998
-
pensions
2 176
-
8 782
-
unemployment
517
-
2 088
-
other
-
-
-
-
total
3 436
-
13 868
-
Corporate
65 739
85 500
-
-
income
17 093
22 230
-
-
total
17 093
22 230
-
-
Dividends
48 647
63 270
-
-
withholding
7 297
9 491
-
-
total
7 297
9 491
-
-
Income
85 500
85 500
85 500
85 500
Total tax
33 257
31 721
48 039
45 020
After tax
52 243
53 779
37 461
40 480
Living cost
10 893
10 893
10 893
10 893
Free-cash
41 350
42 886
26 568
29 587

Estimated living cost  is ₴10893 per week

₴6661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1005
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴33649
₴26604
₴34348
₴36891
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
24 337
pensions
-
-
-
4 396
total
-
-
-
28 733
Employee
31 116
-
74 698
-
pensions
2 641
-
5 414
-
income
5 604
-
19 175
-
health
452
-
1 086
-
total
8 697
-
25 675
-
Employer
31 116
-
74 698
-
health
591
-
1 419
-
pensions
3 368
-
9 383
-
total
3 959
-
10 802
-
Corporate
50 424
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.

9 581
16 245
-
-
total
9 581
16 245
-
-
Dividends
40 844
69 255
-
-
withholding
3 953
13 187
-
-
total
3 953
13 187
-
-
Income
85 500
85 500
85 500
85 500
Total tax
26 190
29 432
36 477
28 733
After tax
59 310
56 068
49 023
56 767
Living cost
22 419
22 419
22 419
22 419
Free-cash
36 891
33 649
26 604
34 348

Estimated living cost  is ₴22419 per week

₴16796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1680
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴44
₴26274
₴30321
₴16703
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
regional
-
-
-
4 098
health
-
-
-
192
city
-
-
-
901
national
-
-
-
1 271
pensions
-
-
-
7 866
total
-
-
-
16 038
Employee
45 805
-
76 528
-
unemployment
-
-
-
-
pensions
3 848
-
6 428
-
national
217
-
989
-
regional
1 500
-
3 543
-
city
492
-
822
-
health
104
-
172
-
total
6 161
-
11 954
-
Employer
45 805
-
76 528
-
health
104
-
172
-
pensions
3 848
-
6 428
-
unemployment
-
-
-
-
other

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

916
-
1 531
-
total
4 868
-
8 131
-
Corporate
34 324
85 500
-
-
regional
7 259
18 083
-
-
national
2 917
7 267
-
-
total
10 176
25 350
-
-
Dividends
24 147
60 150
-
-
withholding
8 451
21 053
-
-
total
8 451
21 053
-
-
Income
85 500
85 500
85 500
85 500
Total tax
29 656
46 403
20 085
16 038
After tax
55 844
39 097
65 415
69 462
Living cost
39 141
39 141
39 141
39 141
Free-cash
16 703
-44
26 274
30 321

Estimated living cost  is ₴39141 per week

₴25453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
₴19632
₴31801
₴21074
₴27636
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
26 268
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.

-
-
-
1 445
health

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

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

-
-
-
3 372
trade
-
-
-
10 727
total
-
-
-
41 812
Employee

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

29 667
-
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.

192
-
1 445
-
income

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

3 489
-
26 268
-
health

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

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

3 372
-
3 372
-
total
7 053
-
31 085
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 833
85 500
-
-
income
8 375
12 825
-
-
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.

461
705
-
-
chamber of commerce
154
195
-
-
trade
9 575
14 664
-
-
total
18 565
28 389
-
-
Dividends
37 268
57 112
-
-
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
775
-
-
withholding
9 130
14 090
-
-
total
9 632
14 865
-
-
Income
85 500
85 500
85 500
85 500
Total tax
35 250
43 254
31 085
41 812
After tax
50 250
42 246
54 415
43 688
Living cost
22 614
22 614
22 614
22 614
Free-cash
27 636
19 632
31 801
21 074

Estimated living cost  is ₴22614 per week

₴16517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
₴26203
₴30251
₴31317
₴29119
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
13 253
other
-
-
-
2 650
surtax
-
-
-
-
social contributions
-
-
-
2 436
health
-
-
-
3 570
pensions
-
-
-
15 385
total
-
-
-
37 294
Employee
21 127
-
66 334
-
pensions
2 389
-
4 545
-
surtax
-
-
-
-
social contributions
602
-
1 890
-
income
1 247
-
12 758
-
total
4 238
-
19 193
-
Employer
21 127
-
66 334
-
health
1 479
-
6 058
-
pensions
3 471
-
7 664
-
unemployment
855
-
2 687
-
social contributions
64
-
199
-
other
729
-
2 559
-
total
6 598
-
19 167
-
Corporate
57 775
85 500
-
-
income
16 177
23 940
-
-
surtax
-
-
-
-
total
16 177
23 940
-
-
Dividends
41 597
61 560
-
-
surtax
-
-
-
-
social contributions
7 154
10 589
-
-
withholding
5 325
7 879
-
-
total
12 479
18 468
-
-
Income
85 500
85 500
85 500
85 500
Total tax
39 492
42 408
38 360
37 294
After tax
46 008
43 092
47 140
48 206
Living cost
16 889
16 889
16 889
16 889
Free-cash
29 119
26 203
30 251
31 317

Estimated living cost  is ₴16889 per week

₴10649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1373
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴27876
₴31924
₴32990
₴30620
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
13 253
other
-
-
-
2 650
surtax
-
-
-
-
social contributions
-
-
-
2 436
health
-
-
-
3 570
pensions
-
-
-
15 385
total
-
-
-
37 294
Employee
18 859
-
66 334
-
pensions
2 133
-
4 545
-
surtax
-
-
-
-
social contributions
538
-
1 890
-
income
972
-
12 758
-
total
3 643
-
19 193
-
Employer
18 859
-
66 334
-
health
1 320
-
6 058
-
pensions
3 099
-
7 664
-
unemployment
763
-
2 687
-
social contributions
56
-
199
-
other
651
-
2 559
-
total
5 889
-
19 167
-
Corporate
60 751
85 500
-
-
income
17 010
23 940
-
-
surtax
-
-
-
-
total
17 010
23 940
-
-
Dividends
43 741
61 560
-
-
surtax
-
-
-
-
social contributions
7 523
10 589
-
-
withholding
5 599
7 879
-
-
total
13 122
18 468
-
-
Income
85 500
85 500
85 500
85 500
Total tax
39 664
42 408
38 360
37 294
After tax
45 836
43 092
47 140
48 206
Living cost
15 216
15 216
15 216
15 216
Free-cash
30 620
27 876
31 924
32 990

Estimated living cost  is ₴15216 per week

₴8825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1546
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴41695
₴42719
₴44440
₴41951
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
12 825
social contributions
-
-
-
11 799
health
-
-
-
5 968
total
-
-
-
30 592
Employee
16 738
-
85 500
-
social contributions
2 310
-
11 799
-
income
2 792
-
14 546
-
health
1 168
-
5 968
-
total
6 270
-
32 313
-
Employer
16 738
-
85 500
-
total
-
-
-
-
Corporate
68 762
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%.

3 438
4 275
-
-
total
3 438
4 275
-
-
Dividends
65 324
81 225
-
-
social contributions
9 015
11 209
-
-
withholding
9 799
12 184
-
-
health
4 559
5 669
-
-
total
23 373
29 062
-
-
Income
85 500
85 500
85 500
85 500
Total tax
33 081
33 337
32 313
30 592
After tax
52 419
52 163
53 187
54 908
Living cost
10 468
10 468
10 468
10 468
Free-cash
41 951
41 695
42 719
44 440

Estimated living cost  is ₴10468 per week

₴7005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴29927
₴5291
₴26485
₴29165
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
23 074
surtax
-
-
-
97
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
342
health
-
-
-
4 411
pensions
-
-
-
10 669
total
-
-
-
41 621
Employee
24 670
19 673
68 048
-
other
246
197
577
-
unemployment
740
590
1 730
-
pensions
2 527
2 014
5 906
-
income
2 808
1 451
18 375
-
health
955
762
2 231
-
total
7 276
5 014
28 819
-
Employer
24 670
19 673
68 048
-
chamber of commerce
98
79
273
-
health
932
744
2 180
-
pensions
3 096
2 469
7 238
-
accident
320
256
749
-
unemployment
740
590
1 730
-
surtax
97
97
97
-
payroll
740
590
2 041
-
other
1 172
934
3 144
-
total
7 195
5 759
17 452
-
Corporate
53 633
60 068
66 174
-
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.

13 408
15 017
16 544
-
total
13 408
15 017
16 544
-
Dividends
40 225
45 051
-
-
withholding
11 062
12 389
-
-
total
11 062
12 389
-
-
Income
85 500
85 500
85 500
85 500
Total tax
38 941
38 179
62 815
41 621
After tax
46 559
47 321
22 685
43 879
Living cost
17 394
17 394
17 394
17 394
Free-cash
29 165
29 927
5 291
26 485

Estimated living cost  is ₴17394 per week

₴11601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
₴29822
₴12185
₴19059
₴22419
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
4 392
social contributions
-
-
-
12 307
national
-
-
-
31 743
total
-
-
-
48 442
Employee

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

35 311
-
66 224
-
unemployment

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

307
-
576
-
communal

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

1 842
-
3 454
-
pensions

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

2 648
-
4 967
-
national
10 856
-
23 930
-
health

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

1 659
-
3 113
-
total
17 312
-
36 040
-
Employer

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

35 311
-
66 224
-
health

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

2 171
-
4 072
-
pensions

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

3 129
-
5 867
-
accident

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

459
-
861
-
unemployment

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

515
-
967
-
surtax
4 004
-
7 509
-
total
10 278
-
19 276
-
Corporate
39 911
85 500
-
-
income
7 982
17 100
-
-
surtax
159
342
-
-
total
8 141
17 442
-
-
Dividends
31 769
68 058
-
-
withholding

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

9 351
20 237
-
-
total
9 351
20 237
-
-
Income
85 500
85 500
85 500
85 500
Total tax
45 082
37 679
55 316
48 442
After tax
40 418
47 821
30 184
37 058
Living cost
17 999
17 999
17 999
17 999
Free-cash
22 419
29 822
12 185
19 059

Estimated living cost  is ₴17999 per week

₴11594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴39181
₴28100
₴30172
₴35764
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
23 774
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
37 500
Employee
24 573
-
70 913
-
other
24
-
46
-
unemployment
381
-
709
-
pensions
1 155
-
2 151
-
income
5 185
-
22 080
-
total
6 745
-
24 986
-
Employer
24 573
-
70 913
-
pensions
5 799
-
10 798
-
accident
486
-
906
-
unemployment
1 352
-
2 516
-
other
196
-
366
-
total
7 833
-
14 586
-
Corporate
53 095
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.

7 965
12 825
-
-
total
7 965
12 825
-
-
Dividends
45 130
72 675
-
-
withholding
9 365
15 666
-
-
total
9 365
15 666
-
-
Income
85 500
85 500
85 500
85 500
Total tax
31 908
28 491
39 572
37 500
After tax
53 592
57 009
45 928
48 000
Living cost
17 828
17 828
17 828
17 828
Free-cash
35 764
39 181
28 100
30 172

Estimated living cost  is ₴17828 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴23280
₴19015
₴15608
₴17046
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
5 403
accident
-
-
-
721
income
-
-
-
13 879
surtax
-
-
-
4 239
health
-
-
-
6 008
pensions
-
-
-
12 815
total
-
-
-
43 065
Employee
37 383
-
76 373
-
pensions
2 990
-
6 110
-
surtax
2 291
-
4 680
-
income
3 611
-
16 341
-
health
1 664
-
3 399
-
total
10 556
-
30 530
-
Employer
37 383
-
76 373
-
health
1 140
-
2 330
-
pensions
2 990
-
6 110
-
accident
336
-
688
-
total
4 466
-
9 128
-
Corporate
43 650
85 500
-
-
communal
2 946
5 772
-
-
income
6 547
12 825
-
-
surtax
458
897
-
-
total
9 951
19 494
-
-
Dividends
33 698
66 006
-
-
income
11 599
5 998
-
-
withholding
5 055
9 901
-
-
total
16 654
15 899
-
-
Income
85 500
85 500
85 500
85 500
Total tax
41 627
35 393
39 658
43 065
After tax
43 873
50 107
45 842
42 435
Living cost
26 827
26 827
26 827
26 827
Free-cash
17 046
23 280
19 015
15 608

Estimated living cost  is ₴26827 per week

₴20124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴42691
₴26373
₴29392
₴41123
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
23 458
other
-
-
-
-
surtax
-
-
-
3 596
unemployment
-
-
-
112
health
-
-
-
4 677
pensions
-
-
-
13 177
total
-
-
-
45 020
Employee
16 624
-
71 632
-
other
-
-
-
-
unemployment
1 157
-
4 586
-
pensions
1 109
-
4 394
-
surtax
59
-
3 006
-
income
2 787
-
20 505
-
health
424
-
1 680
-
total
5 536
-
34 171
-
Employer
16 624
-
71 632
-
health
756
-
2 998
-
pensions
2 216
-
8 782
-
unemployment
527
-
2 088
-
other
-
-
-
-
total
3 499
-
13 868
-
Corporate
65 376
85 500
-
-
income
16 998
22 230
-
-
total
16 998
22 230
-
-
Dividends
48 378
63 270
-
-
withholding
7 256
9 491
-
-
total
7 256
9 491
-
-
Income
85 500
85 500
85 500
85 500
Total tax
33 289
31 721
48 039
45 020
After tax
52 211
53 779
37 461
40 480
Living cost
11 088
11 088
11 088
11 088
Free-cash
41 123
42 691
26 373
29 392

Estimated living cost  is ₴11088 per week

₴6694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴964
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴31643
₴23526
₴27369
₴30547
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 990
regional
-
-
-
1 289
municipal
-
-
-
508
national
-
-
-
21 046
total
-
-
-
44 833
Employee
27 383
-
85 500
-
municipal
145
-
453
-
national
4 338
-
18 241
-
regional
369
-
1 151
-
social contributions
9 234
-
28 831
-
total
14 086
-
48 676
-
Employer
27 383
-
85 500
-
total
-
-
-
-
Corporate
58 117
85 500
-
-
municipal
2 888
4 249
-
-
nationa
13 948
20 520
-
-
total
16 836
24 769
-
-
Dividends
41 281
60 730
-
-
withholding
10 733
15 790
-
-
total
10 733
15 790
-
-
Income
85 500
85 500
85 500
85 500
Total tax
41 655
40 559
48 676
44 833
After tax
43 845
44 941
36 824
40 667
Living cost
13 298
13 298
13 298
13 298
Free-cash
30 547
31 643
23 526
27 369

Estimated living cost  is ₴13298 per week

₴8270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴43751
₴29023
₴32743
₴38357
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 446
social contributions
-
-
-
17 652
solidarity contribution
-
-
-
-
health
-
-
-
11 543
total
-
-
-
37 641
Employee
22 230
-
64 575
-
solidarity contribution
-
-
-
-
social contributions
1 445
-
3 929
-
income
2 668
-
7 789
-
health
3 001
-
8 718
-
total
7 114
-
20 436
-
Employer
22 230
-
64 575
-
health
2 001
-
5 812
-
social contributions
5 558
-
15 113
-
total
7 559
-
20 925
-
Corporate
55 712
85 500
-
-
income
10 585
16 245
-
-
total
10 585
16 245
-
-
Dividends
45 127
69 255
-
-
withholding
6 769
10 388
-
-
total
6 769
10 388
-
-
Income
85 500
85 500
85 500
85 500
Total tax
32 027
26 633
41 361
37 641
After tax
53 473
58 867
44 139
47 859
Living cost
15 116
15 116
15 116
15 116
Free-cash
38 357
43 751
29 023
32 743

Estimated living cost  is ₴15116 per week

₴11242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴31624
₴6960
₴28227
₴31383
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
23 074
surtax
-
-
-
-
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
342
health
-
-
-
4 411
pensions
-
-
-
10 669
total
-
-
-
41 524
Employee
21 579
19 673
68 139
-
other
215
197
577
-
unemployment
647
590
1 730
-
pensions
2 210
2 014
5 906
-
income
1 922
1 451
18 419
-
health
835
762
2 231
-
total
5 829
5 014
28 863
-
Employer
21 579
19 673
68 139
-
chamber of commerce
86
79
273
-
health
816
744
2 180
-
pensions
2 708
2 469
7 238
-
accident
280
256
749
-
unemployment
647
590
1 730
-
surtax
-
-
-
-
payroll
647
590
2 044
-
other
1 025
934
3 148
-
total
6 209
5 662
17 362
-
Corporate
57 711
60 165
66 265
-
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.

14 427
15 041
16 566
-
total
14 427
15 041
16 566
-
Dividends
43 284
45 124
-
-
withholding
11 903
12 410
-
-
total
11 903
12 410
-
-
Income
85 500
85 500
85 500
85 500
Total tax
38 368
38 127
62 791
41 524
After tax
47 132
47 373
22 709
43 976
Living cost
15 749
15 749
15 749
15 749
Free-cash
31 383
31 624
6 960
28 227

Estimated living cost  is ₴15749 per week

₴9448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4412
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
₴74999
₴62174
₴78419
₴73831
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 782
-
85 500
-
income
1 557
-
17 100
-
total
1 557
-
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%.

77 718
85 500
-
-
total
-
-
-
-
Dividends
77 718
85 500
-
-
withholding
3 886
4 275
-
-
total
3 886
4 275
-
-
Income
85 500
85 500
85 500
85 500
Total tax
5 443
4 275
17 100
855
After tax
80 057
81 225
68 400
84 645
Living cost
6 226
6 226
6 226
6 226
Free-cash
73 831
74 999
62 174
78 419

Estimated living cost  is ₴6226 per week

₴4213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴45626
₴26326
₴28593
₴41497
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
19 511
unemployment
-
-
-
128
health
-
-
-
8 413
pensions
-
-
-
15 614
total
-
-
-
43 666
Employee

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

21 829
-
73 981
-
unemployment
31
-
104
-
pensions
3 384
-
11 467
-
income
3 764
-
18 064
-
health
1 410
-
4 779
-
total
8 589
-
34 414
-
Employer

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

21 829
-
73 981
-
health
1 454
-
4 928
-
pensions
1 932
-
6 547
-
unemployment
13
-
44
-
total
3 399
-
11 519
-
Corporate
60 272
85 500
-
-
income
11 451
16 245
-
-
total
11 451
16 245
-
-
Dividends
48 821
69 255
-
-
withholding
7 323
10 388
-
-
total
7 323
10 388
-
-
Income
85 500
85 500
85 500
85 500
Total tax
30 762
26 633
45 933
43 666
After tax
54 738
58 867
39 567
41 834
Living cost
13 241
13 241
13 241
13 241
Free-cash
41 497
45 626
26 326
28 593

Estimated living cost  is ₴13241 per week

₴9087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴30420
₴57317
₴37489
₴6611
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
16 666
social contributions
-
-
-
9 747
total
-
-
-
26 413
Employee
30 968
-
-
-
social contributions
2 539
-
362
-
income
6 831
-
-
-
total
9 370
-
362
-
Employer
30 968
-
-
-
social contributions
43 665
-
6 223
-
total
43 665
-
6 223
-
Corporate
10 866
85 500
-
-
income
2 391
18 810
-
-
total
2 391
18 810
-
-
Dividends
8 476
66 690
-
-
income
1 865
14 672
-
-
total
1 865
14 672
-
-
Income
85 500
85 500
85 500
85 500
Total tax
57 291
33 482
6 585
26 413
After tax
28 209
52 018
78 915
59 087
Living cost
21 598
21 598
21 598
21 598
Free-cash
6 611
30 420
57 317
37 489

Estimated living cost  is ₴21598 per week

₴14014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴33148
₴23916
₴30390
₴32652
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 915
surtax
-
-
-
-
social contributions

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

-
-
-
29 711
total
-
-
-
39 626
Employee
22 704
-
69 091
-
surtax
-
-
-
-
social contributions
2 497
-
7 600
-
income
4 722
-
22 091
-
total
7 219
-
29 691
-
Employer
22 704
-
69 091
-
social contributions
5 392
-
16 409
-
total
5 392
-
16 409
-
Corporate
57 404
85 500
-
-
income
12 055
17 955
-
-
surtax
-
-
-
-
total
12 055
17 955
-
-
Dividends
45 349
67 545
-
-
withholding
12 698
18 913
-
-
total
12 698
18 913
-
-
Income
85 500
85 500
85 500
85 500
Total tax
37 364
36 868
46 100
39 626
After tax
48 136
48 632
39 400
45 874
Living cost
15 484
15 484
15 484
15 484
Free-cash
32 652
33 148
23 916
30 390

Estimated living cost  is ₴15484 per week

₴11585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴913
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴19249
₴23297
₴24363
₴22640
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
13 253
other
-
-
-
2 650
surtax
-
-
-
-
social contributions
-
-
-
2 436
health
-
-
-
3 570
pensions
-
-
-
15 385
total
-
-
-
37 294
Employee
30 918
-
66 334
-
pensions
3 497
-
4 545
-
surtax
-
-
-
-
social contributions
881
-
1 890
-
income
2 698
-
12 758
-
total
7 076
-
19 193
-
Employer
30 918
-
66 334
-
health
2 164
-
6 058
-
pensions
5 080
-
7 664
-
unemployment
1 252
-
2 687
-
social contributions
93
-
199
-
other
1 067
-
2 559
-
total
9 656
-
19 167
-
Corporate
44 926
85 500
-
-
income
12 579
23 940
-
-
surtax
-
-
-
-
total
12 579
23 940
-
-
Dividends
32 346
61 560
-
-
surtax
-
-
-
-
social contributions
5 565
10 589
-
-
withholding
4 141
7 879
-
-
total
9 706
18 468
-
-
Income
85 500
85 500
85 500
85 500
Total tax
39 017
42 408
38 360
37 294
After tax
46 483
43 092
47 140
48 206
Living cost
23 842
23 842
23 842
23 842
Free-cash
22 640
19 249
23 297
24 363

Estimated living cost  is ₴23842 per week

₴16136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴62111
₴50452
₴48180
₴60453
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
3 671
social contributions
-
-
-
18 810
total
-
-
-
22 481
Employee
15 870
-
74 026
-
income
-
-
3 923
-
social contributions
1 031
-
4 812
-
total
1 031
-
8 735
-
Employer
15 870
-
74 026
-
social contributions
2 460
-
11 474
-
total
2 460
-
11 474
-
Corporate
67 170
85 500
-
-
income
6 717
8 550
-
-
total
6 717
8 550
-
-
Dividends
60 453
76 950
-
-
total
-
-
-
-
Income
85 500
85 500
85 500
85 500
Total tax
10 208
8 550
20 209
22 481
After tax
75 292
76 950
65 291
63 019
Living cost
14 839
14 839
14 839
14 839
Free-cash
60 453
62 111
50 452
48 180

Estimated living cost  is ₴14839 per week

₴9595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1119
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴22005
-₴22005
₴26744
-₴22005
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
6 806
municipal
-
-
-
17 768
national
-
-
-
9 991
pensions
-
-
-
428
total
-
-
-
34 993
Employee
100 298
100 298
100 298
-
municipal
21 358
21 358
21 358
-
labour market
8 012
8 012
8 012
-
pensions
143
143
143
-
national
12 253
12 253
12 253
-
total
41 766
41 766
41 766
-
Employer
100 298
100 298
100 298
-
national
12 275
12 275
12 275
-
labour market
8 024
8 024
8 024
-
pensions
285
285
285
-
municipal
21 392
21 392
21 392
-
total
41 976
41 976
41 976
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
85 500
85 500
85 500
85 500
Total tax
83 742
83 742
83 742
34 993
After tax
1 758
1 758
1 758
50 507
Living cost
23 763
23 763
23 763
23 763
Free-cash
-22 005
-22 005
-22 005
26 744

Estimated living cost  is ₴23763 per week

₴16264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2102
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₴3906
₴35521
₴47626
₴5263
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
23 562
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
27 042
Employee
17 040
-
76 829
-
pensions
1 919
-
3 813
-
income
2 338
-
17 866
-
health
1 951
-
8 797
-
total
6 208
-
30 476
-
Employer
17 040
-
76 829
-
pensions
2 771
-
5 506
-
accident
285
-
1 283
-
unemployment
418
-
1 882
-
total
3 474
-
8 671
-
Corporate
64 987
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.

58 488
76 950
-
-
total
58 488
76 950
-
-
Dividends
6 499
8 550
-
-
withholding
1 235
1 624
-
-
total
1 235
1 624
-
-
Income
85 500
85 500
85 500
85 500
Total tax
69 405
78 574
39 147
27 042
After tax
16 095
6 926
46 353
58 458
Living cost
10 832
10 832
10 832
10 832
Free-cash
5 263
-3 906
35 521
47 626

Estimated living cost  is ₴10832 per week

₴7885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴34714
₴25995
₴36406
₴35919
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 111
municipal
-
-
-
15 190
national
-
-
-
13 841
total
-
-
-
30 142
Employee
25 972
-
71 927
-
municipal
4 254
-
11 716
-
unemployment
390
-
1 079
-
pensions
1 753
-
4 855
-
national
429
-
8 430
-
health
194
-
901
-
total
7 020
-
26 981
-
Employer
25 972
-
71 927
-
health
200
-
554
-
pensions
4 506
-
12 479
-
accident
26
-
72
-
unemployment
169
-
467
-
total
4 901
-
13 572
-
Corporate
54 628
85 500
-
-
income
10 926
17 100
-
-
total
10 926
17 100
-
-
Dividends

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

32 777
51 300
-
-
municipal
5 900
9 234
-
-
national
1 882
5 500
-
-
total
7 782
14 734
-
-
Income
85 500
85 500
85 500
85 500
Total tax
30 629
31 834
40 553
30 142
After tax
54 871
53 666
44 947
55 358
Living cost
18 952
18 952
18 952
18 952
Free-cash
35 919
34 714
25 995
36 406

Estimated living cost  is ₴18952 per week

₴12380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴50949
₴46329
₴47083
₴48263
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
16 821
social contributions
-
-
-
7 987
health
-
-
-
2 180
total
-
-
-
26 988
Employee
37 959
37 959
79 775
-
social contributions
1 435
3 150
4 249
-
income
4 133
3 514
16 413
-
health
294
645
1 356
-
total
5 862
7 309
22 018
-
Employer
37 959
37 959
79 775
-
health
319
703
1 475
-
social contributions
1 435
3 150
4 249
-
total
1 754
3 853
5 724
-
Corporate
66 454
43 688
-
-
income
8 307
5 461
-
-
total
8 307
5 461
-
-
Dividends
58 147
38 227
-
-
withholding
9 885
6 499
-
-
total
9 885
6 499
-
-
Income
85 500
85 500
85 500
85 500
Total tax
25 808
23 122
27 742
26 988
After tax
59 692
62 378
57 758
58 512
Living cost
11 429
11 429
11 429
11 429
Free-cash
48 263
50 949
46 329
47 083

Estimated living cost  is ₴11429 per week

₴6850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴62965
₴54134
₴64035
₴60453
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 687
unemployment
-
-
-
14
health
-
-
-
1 786
pensions
-
-
-
3 140
total
-
-
-
13 627
Employee

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

11 331
-
80 676
-
unemployment
56
-
234
-
pensions
1 699
-
7 026
-
income
775
-
7 463
-
health
963
-
3 981
-
total
3 493
-
18 704
-
Employer

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

11 331
-
80 676
-
health
487
-
2 014
-
pensions
623
-
2 576
-
unemployment
56
-
234
-
total
1 166
-
4 824
-
Corporate
73 003
85 500
-
-
income
6 571
7 695
-
-
total
6 571
7 695
-
-
Dividends
66 432
77 805
-
-
withholding
5 979
7 002
-
-
total
5 979
7 002
-
-
Income
85 500
85 500
85 500
85 500
Total tax
17 209
14 697
23 528
13 627
After tax
68 291
70 803
61 972
71 873
Living cost
7 838
7 838
7 838
7 838
Free-cash
60 453
62 965
54 134
64 035

Estimated living cost  is ₴7838 per week

₴5001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴565
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴43434
₴32353
₴34425
₴41255
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
23 774
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
37 500
Employee
18 253
-
70 913
-
other
18
-
46
-
unemployment
283
-
709
-
pensions
858
-
2 151
-
income
3 519
-
22 080
-
total
4 678
-
24 986
-
Employer
18 253
-
70 913
-
pensions
4 307
-
10 798
-
accident
362
-
906
-
unemployment
1 004
-
2 516
-
other
146
-
366
-
total
5 819
-
14 586
-
Corporate
61 428
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.

9 214
12 825
-
-
total
9 214
12 825
-
-
Dividends
52 213
72 675
-
-
withholding
10 959
15 666
-
-
total
10 959
15 666
-
-
Income
85 500
85 500
85 500
85 500
Total tax
30 670
28 491
39 572
37 500
After tax
54 830
57 009
45 928
48 000
Living cost
13 575
13 575
13 575
13 575
Free-cash
41 255
43 434
32 353
34 425

Estimated living cost  is ₴13575 per week

₴9163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴52391
₴53981
₴54050
₴52234
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
29 280
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
30 489
Employee
1 464
-
84 711
-
unemployment
15
-
35
-
pensions
132
-
316
-
income
283
-
29 243
-
health
73
-
175
-
total
503
-
29 769
-
Employer
1 464
-
84 711
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
83 706
85 500
-
-
income
18 415
18 810
-
-
total
18 415
18 810
-
-
Dividends
65 291
66 690
-
-
withholding
13 058
13 338
-
-
total
13 058
13 338
-
-
Income
85 500
85 500
85 500
85 500
Total tax
32 305
32 148
30 558
30 489
After tax
53 195
53 352
54 942
55 011
Living cost
961
961
961
961
Free-cash
52 234
52 391
53 981
54 050

Estimated living cost  is ₴961 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
₴53237
₴43859
₴43860
₴50808
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
19 313
unemployment
-
-
-
547
health
-
-
-
3 758
pensions
-
-
-
9 485
total
-
-
-
33 103
Employee

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

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

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

12 873
-
78 970
-
unemployment
97
-
274
-
pensions
1 802
-
5 107
-
income
1 774
-
19 313
-
health
663
-
1 879
-
total
4 336
-
26 573
-
Employer

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

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

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

12 873
-
78 970
-
health
663
-
1 879
-
pensions
1 545
-
4 378
-
unemployment
97
-
274
-
total
2 305
-
6 531
-
Corporate
70 323
85 500
-
-
income
10 548
12 825
-
-
total
10 548
12 825
-
-
Dividends
59 774
72 675
-
-
withholding
8 966
10 901
-
-
total
8 966
10 901
-
-
Income
85 500
85 500
85 500
85 500
Total tax
26 155
23 726
33 104
33 103
After tax
59 345
61 774
52 396
52 397
Living cost
8 537
8 537
8 537
8 537
Free-cash
50 808
53 237
43 859
43 860

Estimated living cost  is ₴8537 per week

₴5748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴660
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴35324
₴26092
₴32566
₴35146
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 915
surtax
-
-
-
-
social contributions

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

-
-
-
29 711
total
-
-
-
39 626
Employee
19 160
-
69 091
-
surtax
-
-
-
-
social contributions
2 108
-
7 600
-
income
3 744
-
22 091
-
total
5 852
-
29 691
-
Employer
19 160
-
69 091
-
social contributions
4 550
-
16 409
-
total
4 550
-
16 409
-
Corporate
61 790
85 500
-
-
income
12 976
17 955
-
-
surtax
-
-
-
-
total
12 976
17 955
-
-
Dividends
48 814
67 545
-
-
withholding
13 668
18 913
-
-
total
13 668
18 913
-
-
Income
85 500
85 500
85 500
85 500
Total tax
37 046
36 868
46 100
39 626
After tax
48 454
48 632
39 400
45 874
Living cost
13 308
13 308
13 308
13 308
Free-cash
35 146
35 324
26 092
32 566

Estimated living cost  is ₴13308 per week

₴9426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴925
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴39660
₴28579
₴30651
₴36413
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
23 774
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
37 500
Employee
23 841
-
70 913
-
other
23
-
46
-
unemployment
369
-
709
-
pensions
1 120
-
2 151
-
income
4 979
-
22 080
-
total
6 491
-
24 986
-
Employer
23 841
-
70 913
-
pensions
5 626
-
10 798
-
accident
472
-
906
-
unemployment
1 312
-
2 516
-
other
191
-
366
-
total
7 601
-
14 586
-
Corporate
54 058
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.

8 109
12 825
-
-
total
8 109
12 825
-
-
Dividends
45 949
72 675
-
-
withholding
9 537
15 666
-
-
total
9 537
15 666
-
-
Income
85 500
85 500
85 500
85 500
Total tax
31 738
28 491
39 572
37 500
After tax
53 762
57 009
45 928
48 000
Living cost
17 349
17 349
17 349
17 349
Free-cash
36 413
39 660
28 579
30 651

Estimated living cost  is ₴17349 per week

₴12459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1349
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴64598
₴62897
₴59561
₴61585
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
12 825
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
17 435
Employee
11 260
-
82 112
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

989
-
1 516
-
income
1 126
-
8 211
-
health
518
-
794
-
total
2 757
-
10 711
-
Employer
11 260
-
82 112
-
health
777
-
1 191
-
pensions

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

1 241
-
1 903
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 210
-
3 388
-
Corporate
72 031
85 500
-
-
income
7 203
8 550
-
-
total
7 203
8 550
-
-
Dividends
64 828
76 950
-
-
withholding
3 241
3 848
-
-
total
3 241
3 848
-
-
Income
85 500
85 500
85 500
85 500
Total tax
15 411
12 398
14 099
17 435
After tax
70 089
73 102
71 401
68 065
Living cost
8 504
8 504
8 504
8 504
Free-cash
61 585
64 598
62 897
59 561

Estimated living cost  is ₴8504 per week

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

Source of data for Sofia model

Close
Berlin , Germany
₴24947
₴35357
₴26382
₴31406
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
26 268
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.

-
-
-
1 445
health

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

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

-
-
-
3 372
trade
-
-
-
8 975
total
-
-
-
40 060
Employee

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

24 562
-
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.

111
-
1 445
-
income

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

2 020
-
26 268
-
health

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

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

3 372
-
3 372
-
total
5 503
-
31 085
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 938
85 500
-
-
income
9 140
12 825
-
-
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.

503
705
-
-
chamber of commerce
164
200
-
-
trade
8 745
12 269
-
-
total
18 552
25 999
-
-
Dividends
42 386
59 500
-
-
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.

572
808
-
-
withholding
10 409
14 688
-
-
total
10 981
15 496
-
-
Income
85 500
85 500
85 500
85 500
Total tax
35 036
41 495
31 085
40 060
After tax
50 464
44 005
54 415
45 440
Living cost
19 058
19 058
19 058
19 058
Free-cash
31 406
24 947
35 357
26 382

Estimated living cost  is ₴19058 per week

₴13147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
₴31730
₴17107
₴17107
₴32820
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
26 041
social contributions
-
-
-
14 232
total
-
-
-
40 273
Employee
38 614
-
85 500
-
income
7 286
-
26 041
-
social contributions
3 208
-
14 232
-
total
10 494
-
40 273
-
Employer
38 614
-
85 500
-
total
-
-
-
-
Corporate
46 886
85 500
-
-
income
5 861
10 688
-
-
total
5 861
10 688
-
-
Dividends
41 025
74 812
-
-
withholding
8 205
14 962
-
-
total
8 205
14 962
-
-
Income
85 500
85 500
85 500
85 500
Total tax
24 560
25 650
40 273
40 273
After tax
60 940
59 850
45 227
45 227
Living cost
28 120
28 120
28 120
28 120
Free-cash
32 820
31 730
17 107
17 107

Estimated living cost  is ₴28120 per week

₴21393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
₴35047
₴42961
₴50545
₴36772
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
14 052
health

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

-
-
-
2 983
total
-
-
-
17 035
Employee
22 646
-
83 229
-
income
2 457
-
20 077
-
social contributions
2 269
-
2 271
-
total
4 726
-
22 348
-
Employer
22 646
-
83 229
-
social contributions
2 269
-
2 271
-
total
2 269
-
2 271
-
Corporate
60 585
85 500
-
-
income
21 205
29 925
-
-
total
21 205
29 925
-
-
Dividends
39 380
55 575
-
-
social contributions
2 608
2 608
-
-
total
2 608
2 608
-
-
Income
85 500
85 500
85 500
85 500
Total tax
30 808
32 533
24 619
17 035
After tax
54 692
52 967
60 881
68 465
Living cost
17 920
17 920
17 920
17 920
Free-cash
36 772
35 047
42 961
50 545

Estimated living cost  is ₴17920 per week

₴11804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴37842
₴30797
₴38541
₴40748
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
24 337
pensions
-
-
-
4 396
total
-
-
-
28 733
Employee
25 018
-
74 698
-
pensions
1 909
-
5 414
-
income
4 556
-
19 175
-
health
326
-
1 086
-
total
6 791
-
25 675
-
Employer
25 018
-
74 698
-
health
475
-
1 419
-
pensions
2 528
-
9 383
-
total
3 003
-
10 802
-
Corporate
57 479
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.

10 921
16 245
-
-
total
10 921
16 245
-
-
Dividends
46 558
69 255
-
-
withholding
5 811
13 187
-
-
total
5 811
13 187
-
-
Income
85 500
85 500
85 500
85 500
Total tax
26 526
29 432
36 477
28 733
After tax
58 974
56 068
49 023
56 767
Living cost
18 226
18 226
18 226
18 226
Free-cash
40 748
37 842
30 797
38 541

Estimated living cost  is ₴18226 per week

₴12503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴4979
₴34448
₴46553
₴5099
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
23 562
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
27 042
Employee
18 727
-
76 829
-
pensions
2 109
-
3 813
-
income
2 569
-
17 866
-
health
2 144
-
8 797
-
total
6 822
-
30 476
-
Employer
18 727
-
76 829
-
pensions
3 045
-
5 506
-
accident
313
-
1 283
-
unemployment
459
-
1 882
-
total
3 817
-
8 671
-
Corporate
62 957
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.

56 661
76 950
-
-
total
56 661
76 950
-
-
Dividends
6 296
8 550
-
-
withholding
1 196
1 624
-
-
total
1 196
1 624
-
-
Income
85 500
85 500
85 500
85 500
Total tax
68 496
78 574
39 147
27 042
After tax
17 004
6 926
46 353
58 458
Living cost
11 905
11 905
11 905
11 905
Free-cash
5 099
-4 979
34 448
46 553

Estimated living cost  is ₴11905 per week

₴8737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴694
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴65278
₴53897
₴43039
₴62968
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
14 075
unemployment
-
-
-
948
work injury
-
-
-
395
health insurance
-
-
-
5 843
pensions
-
-
-
14 530
total
-
-
-
35 791
Employee

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

10 671
-
85 500
-
health insurance
790
-
2 922
-
unemployment
128
-
474
-
work injury
53
-
197
-
pensions
1 964
-
7 265
-
income
1 067
-
14 075
-
total
4 002
-
24 933
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
74 829
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
74 080
84 645
-
-
withholding
11 112
12 697
-
-
total
11 112
12 697
-
-
Income
85 500
85 500
85 500
85 500
Total tax
15 862
13 552
24 933
35 791
After tax
69 638
71 948
60 567
49 709
Living cost
6 670
6 670
6 670
6 670
Free-cash
62 968
65 278
53 897
43 039

Estimated living cost  is ₴6670 per week

₴4132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴25370
₴16517
₴20271
₴23124
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 990
regional
-
-
-
1 956
municipal
-
-
-
571
national
-
-
-
21 046
total
-
-
-
45 563
Employee
41 598
-
85 500
-
municipal
248
-
510
-
national
7 030
-
18 241
-
regional
628
-
1 735
-
social contributions
14 027
-
28 831
-
total
21 933
-
49 317
-
Employer
41 598
-
85 500
-
total
-
-
-
-
Corporate
43 902
85 500
-
-
municipal
2 116
4 121
-
-
nationa
10 536
20 520
-
-
total
12 652
24 641
-
-
Dividends
31 250
60 859
-
-
withholding
8 125
15 823
-
-
total
8 125
15 823
-
-
Income
85 500
85 500
85 500
85 500
Total tax
42 710
40 464
49 317
45 563
After tax
42 790
45 036
36 183
39 937
Living cost
19 666
19 666
19 666
19 666
Free-cash
23 124
25 370
16 517
20 271

Estimated living cost  is ₴19666 per week

₴13814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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