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
₴39115
₴27543
₴29418
₴33234
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 516
income

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

-
-
-
25 857
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.

-
-
-
1 422
trade
-
-
-
9 697
total
-
-
-
40 492
Employee

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

19 686
-
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.

30
-
1 422
-
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.

550
-
25 857
-
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.

3 516
-
3 516
-
total
4 096
-
30 795
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 814
85 500
-
-
chamber of commerce
173
201
-
-
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.

543
705
-
-
trade
10 366
13 466
-
-
income
9 872
12 825
-
-
total
20 954
27 197
-
-
Dividends
44 860
58 302
-
-
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.

607
791
-
-
withholding
11 019
14 379
-
-
total
11 626
15 170
-
-
Income
85 500
85 500
85 500
85 500
Total tax
36 676
42 367
30 795
40 492
After tax
48 824
43 133
54 705
45 008
Living cost
15 590
15 590
15 590
15 590
Free-cash
33 234
27 543
39 115
29 418

Estimated living cost  is ₴15590 per week

₴9806
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1818
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3674
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24017
₴26092
₴23347
₴25639
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 260
national
-
-
-
14 413
municipal
-
-
-
9 301
total
-
-
-
34 893
Employee
42 259
-
73 914
-
municipal
5 220
-
9 632
-
national
8 088
-
14 926
-
pensions
1 690
-
2 957
-
total
14 998
-
27 515
-
Employer
42 259
-
73 914
-
pensions
3 381
-
5 913
-
social contributions
454
-
795
-
total
3 835
-
6 708
-
Corporate
36 617
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%.

7 323
17 100
-
-
total
7 323
17 100
-
-
Dividends
29 294
68 400
-
-
withholding
6 445
15 048
-
-
total
6 445
15 048
-
-
Income
85 500
85 500
85 500
85 500
Total tax
32 601
32 148
34 223
34 893
After tax
52 899
53 352
51 277
50 607
Living cost
27 260
27 260
27 260
27 260
Free-cash
25 639
26 092
24 017
23 347

Estimated living cost  is ₴27260 per week

₴18529
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2534
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24503
₴57692
₴18352
₴53469
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
19 720
income
-
-
-
14 917
surtax
-
-
-
21 803
microenterprise
-
-
-
-
total
-
-
-
56 440
Employee
15 040
-
63 714
-
surtax
-
-
9 239
-
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.

1 655
-
6 747
-
income
2 677
-
12 517
-
total
4 332
-
28 503
-
Employer
15 040
-
63 714
-
surtax
-
-
7 009
-
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.

3 623
-
14 777
-
total
3 623
-
21 786
-
Corporate
66 838
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%.

13 368
17 100
-
-
total
13 368
17 100
-
-
Dividends

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

53 470
68 400
-
-
total
-
-
-
-
Income
85 500
85 500
85 500
85 500
Total tax
21 323
17 100
50 289
56 440
After tax
64 177
68 400
35 211
29 060
Living cost
10 708
10 708
10 708
10 708
Free-cash
53 469
57 692
24 503
18 352

Estimated living cost  is ₴10708 per week

₴6831
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1020
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31297
₴20694
₴26001
₴17540
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
health
-
-
-
6 347
income
-
-
-
25 561
pensions
-
-
-
6 030
total
-
-
-
37 938
Employee
43 953
43 953
75 935
-
income

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

7 194
7 194
10 700
-
pensions
7 912
6 030
6 030
-
health
6 746
5 738
6 347
-
total
21 852
18 962
23 077
-
Employer
43 953
43 953
75 935
-
unemployment
1 582
1 582
1 966
-
health
3 055
3 055
3 797
-
pensions
3 059
3 059
3 802
-
total
7 696
7 696
9 565
-
Corporate
34 390
33 850
-
-
income
6 878
6 770
-
-
total
6 878
6 770
-
-
Dividends
27 511
27 081
-
-
income
5 846
5 755
-
-
withholding
4 127
4 062
-
-
total
9 973
9 817
-
-
Income
85 500
85 500
85 500
85 500
Total tax
46 399
43 245
32 642
37 938
After tax
39 101
42 255
52 858
47 562
Living cost
21 561
21 561
21 561
21 561
Free-cash
17 540
20 694
31 297
26 001

Estimated living cost  is ₴21561 per week

₴15280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1944
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴343
Clothing and shoes. We estimate one pair of shoes and 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

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴22518
₴25256
₴23038
₴24774
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 457
health
-
-
-
2 930
accident
-
-
-
94
pensions
-
-
-
5 076
national
-
-
-
5 992
unemployment
-
-
-
47
municipal
-
-
-
21 439
total
-
-
-
41 035
Employee
30 532
-
70 745
-
municipal
9 105
-
21 096
-
national
-
-
5 704
-
total
9 105
-
26 800
-
Employer
30 532
-
70 745
-
other
3 548
-
5 457
-
unemployment
806
-
1 240
-
health
1 878
-
2 888
-
accident
61
-
94
-
pensions
3 300
-
5 076
-
total
9 593
-
14 755
-
Corporate
45 375
85 500
-
-
income
9 983
18 810
-
-
total
9 983
18 810
-
-
Dividends
35 393
66 690
-
-
withholding
10 618
20 007
-
-
total
10 618
20 007
-
-
Income
85 500
85 500
85 500
85 500
Total tax
39 299
38 817
41 555
41 035
After tax
46 201
46 683
43 945
44 465
Living cost
21 427
21 427
21 427
21 427
Free-cash
24 774
25 256
22 518
23 038

Estimated living cost  is ₴21427 per week

₴14201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2103
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34486
₴22474
₴24357
₴29705
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 516
income

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

-
-
-
25 857
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.

-
-
-
1 422
trade
-
-
-
10 129
total
-
-
-
40 924
Employee

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

26 101
-
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.

123
-
1 422
-
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.

2 243
-
25 857
-
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.

3 516
-
3 516
-
total
5 882
-
30 795
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 399
85 500
-
-
chamber of commerce
162
199
-
-
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.

490
705
-
-
trade
9 771
14 065
-
-
income
8 910
12 825
-
-
total
19 333
27 794
-
-
Dividends
40 065
57 705
-
-
surtax

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

540
782
-
-
withholding
9 821
14 231
-
-
total
10 361
15 013
-
-
Income
85 500
85 500
85 500
85 500
Total tax
35 576
42 807
30 795
40 924
After tax
49 924
42 693
54 705
44 576
Living cost
20 219
20 219
20 219
20 219
Free-cash
29 705
22 474
34 486
24 357

Estimated living cost  is ₴20219 per week

₴13523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4262
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41238
₴45694
₴42003
₴43562
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 328
health
-
-
-
2 180
income
-
-
-
16 295
total
-
-
-
26 803
Employee
39 578
39 578
79 597
-
social contributions
1 923
3 285
4 430
-
income
4 156
3 664
15 882
-
health
394
673
1 353
-
total
6 473
7 622
21 665
-
Employer
39 578
39 578
79 597
-
health
429
733
1 473
-
social contributions
1 923
3 285
4 430
-
total
2 352
4 018
5 903
-
Corporate
59 981
41 905
-
-
income
7 497
5 238
-
-
total
7 497
5 238
-
-
Dividends
52 484
36 667
-
-
withholding
8 922
6 234
-
-
total
8 922
6 234
-
-
Income
85 500
85 500
85 500
85 500
Total tax
25 244
23 112
27 568
26 803
After tax
60 256
62 388
57 932
58 697
Living cost
16 694
16 694
16 694
16 694
Free-cash
43 562
45 694
41 238
42 003

Estimated living cost  is ₴16694 per week

₴11412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1304
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3698
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40050
₴38529
₴49715
₴38726
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
health
-
-
-
5 985
income
-
-
-
10 452
pensions
-
-
-
8 550
unemployment
-
-
-
1 283
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.

13 736
5 467
71 548
-
income
1 679
668
8 747
-
pensions
1 374
547
7 155
-
health
962
383
5 008
-
unemployment
206
82
1 073
-
total
4 221
1 680
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.

13 736
5 467
71 548
-
pensions
2 678
1 066
13 952
-
total
2 678
1 066
13 952
-
Corporate
69 086
78 967
-
-
income
6 218
7 107
-
-
total
6 218
7 107
-
-
Dividends
62 868
71 860
-
-
social contributions
12 197
13 950
-
-
withholding
11 945
13 653
-
-
total
24 142
27 603
-
-
Income
85 500
85 500
85 500
85 500
Total tax
37 259
37 456
35 935
26 270
After tax
48 241
48 044
49 565
59 230
Living cost
9 515
9 515
9 515
9 515
Free-cash
38 726
38 529
40 050
49 715

Estimated living cost  is ₴9515 per week

₴6493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴190
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2053
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36848
₴55968
₴33396
₴52771
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
health
-
-
-
11 115
income
-
-
-
11 457
pensions
-
-
-
17 100
total
-
-
-
39 672
Employee
14 601
-
63 902
-
income
1 644
-
12 320
-
pensions
292
-
1 278
-
unemployment
233
-
1 023
-
total
2 169
-
14 621
-
Employer
14 601
-
63 902
-
unemployment
117
-
511
-
health
1 898
-
8 307
-
pensions
2 920
-
12 781
-
total
4 935
-
21 599
-
Corporate
65 963
85 500
-
-
income
13 193
17 100
-
-
total
13 193
17 100
-
-
Dividends
52 771
68 400
-
-
total
-
-
-
-
Income
85 500
85 500
85 500
85 500
Total tax
20 297
17 100
36 220
39 672
After tax
65 203
68 400
49 280
45 828
Living cost
12 432
12 432
12 432
12 432
Free-cash
52 771
55 968
36 848
33 396

Estimated living cost  is ₴12432 per week

₴8527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2915
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34834
-₴4479
₴47065
₴5177
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192
health
-
-
-
1 130
accident
-
-
-
131
income
-
-
-
23 421
pensions
-
-
-
2 157
total
-
-
-
27 031
Employee
17 939
-
76 632
-
income
2 461
-
17 665
-
pensions
2 020
-
3 955
-
health
2 054
-
8 774
-
total
6 535
-
30 394
-
Employer
17 939
-
76 632
-
unemployment
439
-
1 877
-
accident
299
-
1 280
-
pensions
2 917
-
5 711
-
total
3 655
-
8 868
-
Corporate
63 905
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.

57 515
76 950
-
-
total
57 515
76 950
-
-
Dividends
6 391
8 550
-
-
withholding
1 214
1 625
-
-
total
1 214
1 625
-
-
Income
85 500
85 500
85 500
85 500
Total tax
68 919
78 575
39 262
27 031
After tax
16 581
6 925
46 238
58 469
Living cost
11 404
11 404
11 404
11 404
Free-cash
5 177
-4 479
34 834
47 065

Estimated living cost  is ₴11404 per week

₴8358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴632
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.
₴2176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64135
₴76960
₴80380
₴76161
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
85 500
microenterprise

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

-
-
-
855
total
-
-
-
855
Employee
5 331
-
85 500
-
income
1 066
-
17 100
-
total
1 066
-
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%.

80 169
85 500
-
-
total
-
-
-
-
Dividends
80 169
85 500
-
-
withholding
4 008
4 275
-
-
total
4 008
4 275
-
-
Income
85 500
85 500
85 500
85 500
Total tax
5 074
4 275
17 100
855
After tax
80 426
81 225
68 400
84 645
Living cost
4 265
4 265
4 265
4 265
Free-cash
76 161
76 960
64 135
80 380

Estimated living cost  is ₴4265 per week

₴2643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34867
₴49102
₴33129
₴45626
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 717
health
-
-
-
3 444
income
-
-
-
12 710
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.

-
-
-
18 785
total
-
-
-
38 656
Employee
18 688
-
68 291
-
income
3 217
-
13 289
-
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.

1 308
-
4 781
-
health
262
-
956
-
unemployment
187
-
683
-
total
4 974
-
19 709
-
Employer
18 688
-
68 291
-
other
935
-
3 415
-
unemployment
187
-
683
-
health
262
-
956
-
accident
149
-
546
-
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.

3 177
-
11 609
-
total
4 710
-
17 209
-
Corporate
62 102
85 500
-
-
income
13 041
17 955
-
-
total
13 041
17 955
-
-
Dividends
49 061
67 545
-
-
withholding
3 434
4 728
-
-
total
3 434
4 728
-
-
Income
85 500
85 500
85 500
85 500
Total tax
26 159
22 683
36 918
38 656
After tax
59 341
62 817
48 582
46 844
Living cost
13 715
13 715
13 715
13 715
Free-cash
45 626
49 102
34 867
33 129

Estimated living cost  is ₴13715 per week

₴9690
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2877
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15007
₴22198
₴22770
₴22732
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 926
pensions
-
-
-
4 517
total
-
-
-
28 443
Employee
48 511
-
74 733
-
income
8 745
-
18 748
-
health
799
-
1 102
-
pensions
4 680
-
5 590
-
total
14 224
-
25 440
-
Employer
48 511
-
74 733
-
health
921
-
1 420
-
pensions
5 728
-
9 346
-
total
6 649
-
10 766
-
Corporate
30 340
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.

5 765
16 245
-
-
total
5 765
16 245
-
-
Dividends
24 576
69 255
-
-
withholding
1 843
12 770
-
-
total
1 843
12 770
-
-
Income
85 500
85 500
85 500
85 500
Total tax
28 481
29 015
36 206
28 443
After tax
57 019
56 485
49 294
57 057
Living cost
34 287
34 287
34 287
34 287
Free-cash
22 732
22 198
15 007
22 770

Estimated living cost  is ₴34287 per week

₴25692
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4028
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.
₴4288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴64552
₴66423
₴61246
₴64058
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
health
-
-
-
2 046
income
-
-
-
12 825
pensions

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

-
-
-
2 633
unemployment
-
-
-
71
total
-
-
-
17 575
Employee
8 843
-
82 009
-
income
884
-
8 201
-
accident

We are using the highest rate at 1.1%.

97
-
196
-
pensions

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

776
-
1 562
-
health
407
-
818
-
total
2 164
-
10 777
-
Employer
8 843
-
82 009
-
unemployment
53
-
107
-
health
610
-
1 228
-
accident

We are using the highest rate at 1.1%.

97
-
196
-
pensions

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

975
-
1 961
-
total
1 735
-
3 492
-
Corporate
74 921
85 500
-
-
income
7 492
8 550
-
-
total
7 492
8 550
-
-
Dividends
67 429
76 950
-
-
withholding
3 372
3 848
-
-
total
3 372
3 848
-
-
Income
85 500
85 500
85 500
85 500
Total tax
14 763
12 398
14 269
17 575
After tax
70 737
73 102
71 231
67 925
Living cost
6 679
6 679
6 679
6 679
Free-cash
64 058
66 423
64 552
61 246

Estimated living cost  is ₴6679 per week

₴3899
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴477
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴177
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24317
₴13714
₴19021
₴15008
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
health
-
-
-
6 347
income
-
-
-
25 561
pensions
-
-
-
6 030
total
-
-
-
37 938
Employee
47 719
43 953
75 935
-
income

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

7 194
7 194
10 700
-
pensions
6 030
6 030
6 030
-
health
5 953
5 738
6 347
-
total
19 177
18 962
23 077
-
Employer
47 719
43 953
75 935
-
unemployment
1 718
1 582
1 966
-
health
3 316
3 055
3 797
-
pensions
3 321
3 059
3 802
-
total
8 355
7 696
9 565
-
Corporate
29 426
33 850
-
-
income
5 885
6 770
-
-
total
5 885
6 770
-
-
Dividends
23 541
27 081
-
-
income
5 003
5 755
-
-
withholding
3 531
4 062
-
-
total
8 534
9 817
-
-
Income
85 500
85 500
85 500
85 500
Total tax
41 951
43 245
32 642
37 938
After tax
43 549
42 255
52 858
47 562
Living cost
28 541
28 541
28 541
28 541
Free-cash
15 008
13 714
24 317
19 021

Estimated living cost  is ₴28541 per week

₴21053
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2549
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.
₴4611
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30934
₴46153
₴34600
₴41617
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
social contributions
-
-
-
18 295
health
-
-
-
11 542
income
-
-
-
8 349
solidarity contribution
-
-
-
-
total
-
-
-
38 186
Employee
18 697
-
64 070
-
social contributions
1 215
-
4 072
-
solidarity contribution
-
-
-
-
income
2 244
-
7 702
-
health
2 524
-
8 649
-
total
5 983
-
20 423
-
Employer
18 697
-
64 070
-
health
1 683
-
5 766
-
social contributions
4 674
-
15 663
-
total
6 357
-
21 429
-
Corporate
60 446
85 500
-
-
income
11 485
16 245
-
-
total
11 485
16 245
-
-
Dividends
48 961
69 255
-
-
withholding
7 344
10 388
-
-
total
7 344
10 388
-
-
Income
85 500
85 500
85 500
85 500
Total tax
31 169
26 633
41 852
38 186
After tax
54 331
58 867
43 648
47 314
Living cost
12 714
12 714
12 714
12 714
Free-cash
41 617
46 153
30 934
34 600

Estimated living cost  is ₴12714 per week

₴8831
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴904
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2728
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15585
₴23899
₴19448
₴21212
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
20 833
regional
-
-
-
1 003
municipal
-
-
-
508
total
-
-
-
44 334
Employee
45 743
-
85 500
-
social contributions
15 425
-
28 830
-
municipal
242
-
453
-
national
7 926
-
18 029
-
regional
432
-
885
-
total
24 025
-
48 197
-
Employer
45 743
-
85 500
-
total
-
-
-
-
Corporate
39 757
85 500
-
-
nationa
9 542
20 520
-
-
municipal
1 550
3 335
-
-
total
11 092
23 855
-
-
Dividends
28 665
61 645
-
-
withholding
7 453
16 028
-
-
total
7 453
16 028
-
-
Income
85 500
85 500
85 500
85 500
Total tax
42 570
39 883
48 197
44 334
After tax
42 930
45 617
37 303
41 166
Living cost
21 718
21 718
21 718
21 718
Free-cash
21 212
23 899
15 585
19 448

Estimated living cost  is ₴21718 per week

₴15139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4821
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25969
₴42421
₴29171
₴40819
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
4 877
income
-
-
-
22 817
pensions
-
-
-
13 739
surtax
-
-
-
3 421
unemployment
-
-
-
117
total
-
-
-
44 971
Employee
17 021
-
71 040
-
surtax
56
-
2 860
-
income
2 853
-
19 739
-
other
-
-
-
-
pensions
1 135
-
4 582
-
health
435
-
1 751
-
unemployment
1 185
-
4 781
-
total
5 664
-
33 713
-
Employer
17 021
-
71 040
-
other
-
-
-
-
unemployment
539
-
2 177
-
health
775
-
3 126
-
pensions
2 269
-
9 157
-
total
3 583
-
14 460
-
Corporate
64 897
85 500
-
-
income
16 873
22 230
-
-
total
16 873
22 230
-
-
Dividends
48 024
63 270
-
-
withholding
7 203
9 491
-
-
total
7 203
9 491
-
-
Income
85 500
85 500
85 500
85 500
Total tax
33 323
31 721
48 173
44 971
After tax
52 177
53 779
37 327
40 529
Living cost
11 358
11 358
11 358
11 358
Free-cash
40 819
42 421
25 969
29 171

Estimated living cost  is ₴11358 per week

₴6945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1048
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.
₴3103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25870
₴33061
₴33633
₴36449
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 926
pensions
-
-
-
4 517
total
-
-
-
28 443
Employee
32 510
-
74 733
-
income
5 855
-
18 748
-
health
472
-
1 102
-
pensions
2 759
-
5 590
-
total
9 086
-
25 440
-
Employer
32 510
-
74 733
-
health
618
-
1 420
-
pensions
3 519
-
9 346
-
total
4 137
-
10 766
-
Corporate
48 853
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.

9 282
16 245
-
-
total
9 282
16 245
-
-
Dividends
39 571
69 255
-
-
withholding
3 122
12 770
-
-
total
3 122
12 770
-
-
Income
85 500
85 500
85 500
85 500
Total tax
25 627
29 015
36 206
28 443
After tax
59 873
56 485
49 294
57 057
Living cost
23 424
23 424
23 424
23 424
Free-cash
36 449
33 061
25 870
33 633

Estimated living cost  is ₴23424 per week

₴17549
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1756
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.
₴3874
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴24070
-₴2434
₴28226
₴15336
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
192
pensions
-
-
-
7 866
city
-
-
-
901
national
-
-
-
1 121
regional
-
-
-
3 953
total
-
-
-
15 743
Employee
48 602
-
76 528
-
national
230
-
924
-
city
522
-
822
-
pensions
4 083
-
6 428
-
health
110
-
172
-
regional
1 591
-
3 422
-
unemployment
-
-
-
-
total
6 536
-
11 768
-
Employer
48 602
-
76 528
-
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.

972
-
1 531
-
unemployment
-
-
-
-
health
110
-
172
-
pensions
4 083
-
6 428
-
total
5 165
-
8 131
-
Corporate
31 199
85 500
-
-
regional
6 598
18 083
-
-
national
2 652
7 267
-
-
total
9 250
25 350
-
-
Dividends
21 949
60 150
-
-
withholding
7 682
21 053
-
-
total
7 682
21 053
-
-
Income
85 500
85 500
85 500
85 500
Total tax
28 633
46 403
19 899
15 743
After tax
56 867
39 097
65 601
69 757
Living cost
41 531
41 531
41 531
41 531
Free-cash
15 336
-2 434
24 070
28 226

Estimated living cost  is ₴41531 per week

₴27007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3727
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴510
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴31127
₴18673
₴20568
₴27022
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 516
income

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

-
-
-
25 857
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.

-
-
-
1 422
trade
-
-
-
10 559
total
-
-
-
41 354
Employee

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

30 932
-
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.

200
-
1 422
-
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.

3 637
-
25 857
-
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.

3 516
-
3 516
-
total
7 353
-
30 795
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 568
85 500
-
-
chamber of commerce
155
198
-
-
surtax

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

450
705
-
-
trade
9 358
14 664
-
-
income
8 185
12 825
-
-
total
18 148
28 392
-
-
Dividends
36 419
57 107
-
-
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.

490
775
-
-
withholding
8 909
14 082
-
-
total
9 399
14 857
-
-
Income
85 500
85 500
85 500
85 500
Total tax
34 900
43 249
30 795
41 354
After tax
50 600
42 251
54 705
44 146
Living cost
23 578
23 578
23 578
23 578
Free-cash
27 022
18 673
31 127
20 568

Estimated living cost  is ₴23578 per week

₴17221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1886
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.
₴4166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29952
₴25484
₴30657
₴28522
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 651
social contributions
-
-
-
2 436
health
-
-
-
3 454
income
-
-
-
12 956
pensions
-
-
-
15 737
surtax
-
-
-
-
total
-
-
-
37 234
Employee
22 028
-
66 540
-
surtax
-
-
-
-
social contributions
628
-
1 896
-
income
1 300
-
12 613
-
pensions
2 491
-
4 473
-
total
4 419
-
18 982
-
Employer
22 028
-
66 540
-
other
760
-
2 530
-
unemployment
892
-
2 695
-
health
1 542
-
5 975
-
pensions
3 619
-
7 558
-
social contributions
66
-
199
-
total
6 879
-
18 957
-
Corporate
56 593
85 500
-
-
surtax
-
-
-
-
income
15 846
23 940
-
-
total
15 846
23 940
-
-
Dividends
40 747
61 560
-
-
social contributions
7 009
10 588
-
-
surtax
-
-
-
-
withholding
5 216
7 879
-
-
total
12 225
18 467
-
-
Income
85 500
85 500
85 500
85 500
Total tax
39 369
42 407
37 939
37 234
After tax
46 131
43 093
47 561
48 266
Living cost
17 609
17 609
17 609
17 609
Free-cash
28 522
25 484
29 952
30 657

Estimated living cost  is ₴17609 per week

₴11103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4775
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31696
₴27228
₴32401
₴30086
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 651
social contributions
-
-
-
2 436
health
-
-
-
3 454
income
-
-
-
12 956
pensions
-
-
-
15 737
surtax
-
-
-
-
total
-
-
-
37 234
Employee
19 663
-
66 540
-
surtax
-
-
-
-
social contributions
561
-
1 896
-
income
1 014
-
12 613
-
pensions
2 224
-
4 473
-
total
3 799
-
18 982
-
Employer
19 663
-
66 540
-
other
679
-
2 530
-
unemployment
796
-
2 695
-
health
1 376
-
5 975
-
pensions
3 231
-
7 558
-
social contributions
59
-
199
-
total
6 141
-
18 957
-
Corporate
59 696
85 500
-
-
surtax
-
-
-
-
income
16 715
23 940
-
-
total
16 715
23 940
-
-
Dividends
42 981
61 560
-
-
social contributions
7 392
10 588
-
-
surtax
-
-
-
-
withholding
5 502
7 879
-
-
total
12 894
18 467
-
-
Income
85 500
85 500
85 500
85 500
Total tax
39 549
42 407
37 939
37 234
After tax
45 951
43 093
47 561
48 266
Living cost
15 865
15 865
15 865
15 865
Free-cash
30 086
27 228
31 696
32 401

Estimated living cost  is ₴15865 per week

₴9201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1612
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4752
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42383
₴41248
₴43994
₴41515
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 799
health
-
-
-
5 968
income
-
-
-
12 825
total
-
-
-
30 592
Employee
17 451
-
85 500
-
social contributions
2 409
-
11 799
-
income
2 911
-
14 436
-
health
1 218
-
5 968
-
total
6 538
-
32 203
-
Employer
17 451
-
85 500
-
total
-
-
-
-
Corporate
68 049
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%.

3 402
4 275
-
-
total
3 402
4 275
-
-
Dividends
64 647
81 225
-
-
social contributions
8 921
11 209
-
-
withholding
9 697
12 184
-
-
health
4 513
5 670
-
-
total
23 131
29 063
-
-
Income
85 500
85 500
85 500
85 500
Total tax
33 071
33 338
32 203
30 592
After tax
52 429
52 162
53 297
54 908
Living cost
10 914
10 914
10 914
10 914
Free-cash
41 515
41 248
42 383
43 994

Estimated living cost  is ₴10914 per week

₴7304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴673
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.
₴2685
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4481
₴29220
₴25732
₴28423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
health
-
-
-
4 599
income
-
-
-
22 308
chamber of commerce
-
-
-
342
pensions
-
-
-
11 124
surtax
-
-
-
102
unemployment
-
-
-
3 157
total
-
-
-
41 632
Employee
25 722
20 511
67 552
-
income
2 928
1 513
17 645
-
other
257
205
602
-
pensions
2 634
2 100
6 157
-
health
995
794
2 327
-
unemployment
772
615
1 804
-
total
7 586
5 227
28 535
-
Employer
25 722
20 511
67 552
-
other
1 222
974
3 145
-
unemployment
772
615
1 804
-
health
972
776
2 273
-
surtax
102
102
102
-
accident
334
267
781
-
pensions
3 228
2 575
7 546
-
payroll
772
615
2 027
-
chamber of commerce
103
82
271
-
total
7 505
6 006
17 949
-
Corporate
52 275
58 984
65 598
-
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.

13 069
14 746
16 399
-
total
13 069
14 746
16 399
-
Dividends
39 206
44 238
-
-
withholding
10 781
12 165
-
-
total
10 781
12 165
-
-
Income
85 500
85 500
85 500
85 500
Total tax
38 941
38 144
62 883
41 632
After tax
46 559
47 356
22 617
43 868
Living cost
18 136
18 136
18 136
18 136
Free-cash
28 423
29 220
4 481
25 732

Estimated living cost  is ₴18136 per week

₴12096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1547
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11624
₴29062
₴18269
₴21344
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
social contributions
-
-
-
12 832
communal

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

-
-
-
4 360
national
-
-
-
31 273
total
-
-
-
48 465
Employee

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

36 816
-
66 224
-
national
11 319
-
23 724
-
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.

2 761
-
4 967
-
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.

1 730
-
3 113
-
communal

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

1 920
-
3 454
-
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.

320
-
576
-
total
18 050
-
35 834
-
Employer

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

36 816
-
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.

537
-
967
-
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.

2 264
-
4 072
-
surtax
4 175
-
7 509
-
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.

479
-
861
-
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.

3 262
-
5 867
-
total
10 717
-
19 276
-
Corporate
37 967
85 500
-
-
surtax
151
342
-
-
income
7 593
17 100
-
-
total
7 744
17 442
-
-
Dividends
30 222
68 059
-
-
withholding

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

8 879
20 230
-
-
total
8 879
20 230
-
-
Income
85 500
85 500
85 500
85 500
Total tax
45 390
37 672
55 110
48 465
After tax
40 110
47 828
30 390
37 035
Living cost
18 766
18 766
18 766
18 766
Free-cash
21 344
29 062
11 624
18 269

Estimated living cost  is ₴18766 per week

₴12088
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1641
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.
₴4744
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27292
₴38466
₴29452
₴34842
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
430
income
-
-
-
23 148
pensions
-
-
-
13 500
unemployment
-
-
-
334
total
-
-
-
37 460
Employee
25 620
-
70 291
-
income
5 406
-
21 381
-
other
25
-
48
-
pensions
1 204
-
2 243
-
unemployment
398
-
739
-
total
7 033
-
24 411
-
Employer
25 620
-
70 291
-
other
204
-
382
-
unemployment
1 409
-
2 624
-
accident
507
-
944
-
pensions
6 046
-
11 259
-
total
8 166
-
15 209
-
Corporate
51 713
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.

7 757
12 825
-
-
total
7 757
12 825
-
-
Dividends
43 956
72 675
-
-
withholding
9 114
15 621
-
-
total
9 114
15 621
-
-
Income
85 500
85 500
85 500
85 500
Total tax
32 070
28 446
39 620
37 460
After tax
53 430
57 054
45 880
48 040
Living cost
18 588
18 588
18 588
18 588
Free-cash
34 842
38 466
27 292
29 452

Estimated living cost  is ₴18588 per week

₴13688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1319
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3313
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18290
₴22363
₴14878
₴16024
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
health
-
-
-
6 007
accident
-
-
-
721
income
-
-
-
13 465
pensions
-
-
-
12 816
communal
-
-
-
5 403
surtax
-
-
-
4 239
total
-
-
-
42 651
Employee
38 977
-
76 373
-
surtax
2 389
-
4 680
-
income
3 765
-
15 926
-
pensions
3 118
-
6 109
-
health
1 735
-
3 398
-
total
11 007
-
30 113
-
Employer
38 977
-
76 373
-
health
1 189
-
2 329
-
accident
351
-
688
-
pensions
3 118
-
6 109
-
total
4 658
-
9 126
-
Corporate
41 865
85 500
-
-
surtax
440
898
-
-
income
6 279
12 825
-
-
communal
2 826
5 772
-
-
total
9 545
19 495
-
-
Dividends
32 321
66 005
-
-
income
11 447
5 770
-
-
withholding
4 848
9 901
-
-
total
16 295
15 671
-
-
Income
85 500
85 500
85 500
85 500
Total tax
41 505
35 166
39 239
42 651
After tax
43 995
50 334
46 261
42 849
Living cost
27 971
27 971
27 971
27 971
Free-cash
16 024
22 363
18 290
14 878

Estimated living cost  is ₴27971 per week

₴20982
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1695
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4997
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25766
₴42218
₴28968
₴40583
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
4 877
income
-
-
-
22 817
pensions
-
-
-
13 739
surtax
-
-
-
3 421
unemployment
-
-
-
117
total
-
-
-
44 971
Employee
17 333
-
71 040
-
surtax
62
-
2 860
-
income
2 906
-
19 739
-
other
-
-
-
-
pensions
1 156
-
4 582
-
health
442
-
1 751
-
unemployment
1 206
-
4 781
-
total
5 772
-
33 713
-
Employer
17 333
-
71 040
-
other
-
-
-
-
unemployment
550
-
2 177
-
health
788
-
3 126
-
pensions
2 311
-
9 157
-
total
3 649
-
14 460
-
Corporate
64 518
85 500
-
-
income
16 774
22 230
-
-
total
16 774
22 230
-
-
Dividends
47 743
63 270
-
-
withholding
7 161
9 491
-
-
total
7 161
9 491
-
-
Income
85 500
85 500
85 500
85 500
Total tax
33 356
31 721
48 173
44 971
After tax
52 144
53 779
37 327
40 529
Living cost
11 561
11 561
11 561
11 561
Free-cash
40 583
42 218
25 766
28 968

Estimated living cost  is ₴11561 per week

₴6980
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.
₴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.
₴3308
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23173
₴31075
₴27015
₴29934
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
20 833
regional
-
-
-
1 289
municipal
-
-
-
508
total
-
-
-
44 620
Employee
28 551
-
85 500
-
social contributions
9 628
-
28 830
-
municipal
151
-
453
-
national
4 523
-
18 029
-
regional
384
-
1 150
-
total
14 686
-
48 462
-
Employer
28 551
-
85 500
-
total
-
-
-
-
Corporate
56 949
85 500
-
-
nationa
13 667
20 520
-
-
municipal
2 831
4 250
-
-
total
16 498
24 770
-
-
Dividends
40 451
60 730
-
-
withholding
10 517
15 790
-
-
total
10 517
15 790
-
-
Income
85 500
85 500
85 500
85 500
Total tax
41 701
40 560
48 462
44 620
After tax
43 799
44 940
37 038
40 880
Living cost
13 865
13 865
13 865
13 865
Free-cash
29 934
31 075
23 173
27 015

Estimated living cost  is ₴13865 per week

₴8623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1405
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27981
₴43200
₴31647
₴37610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
social contributions
-
-
-
18 295
health
-
-
-
11 542
income
-
-
-
8 349
solidarity contribution
-
-
-
-
total
-
-
-
38 186
Employee
23 040
-
64 070
-
social contributions
1 498
-
4 072
-
solidarity contribution
-
-
-
-
income
2 765
-
7 702
-
health
3 110
-
8 649
-
total
7 373
-
20 423
-
Employer
23 040
-
64 070
-
health
2 074
-
5 766
-
social contributions
5 760
-
15 663
-
total
7 834
-
21 429
-
Corporate
54 627
85 500
-
-
income
10 379
16 245
-
-
total
10 379
16 245
-
-
Dividends
44 248
69 255
-
-
withholding
6 637
10 388
-
-
total
6 637
10 388
-
-
Income
85 500
85 500
85 500
85 500
Total tax
32 223
26 633
41 852
38 186
After tax
53 277
58 867
43 648
47 314
Living cost
15 667
15 667
15 667
15 667
Free-cash
37 610
43 200
27 981
31 647

Estimated living cost  is ₴15667 per week

₴11651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2877
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6227
₴30990
₴27549
₴30736
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
health
-
-
-
4 599
income
-
-
-
22 308
chamber of commerce
-
-
-
342
pensions
-
-
-
11 124
surtax
-
-
-
-
unemployment
-
-
-
3 157
total
-
-
-
41 530
Employee
22 499
20 511
67 646
-
income
2 004
1 513
17 685
-
other
225
205
602
-
pensions
2 304
2 100
6 157
-
health
870
794
2 327
-
unemployment
675
615
1 804
-
total
6 078
5 227
28 575
-
Employer
22 499
20 511
67 646
-
other
1 069
974
3 149
-
unemployment
675
615
1 804
-
health
851
776
2 273
-
surtax
-
-
-
-
accident
292
267
781
-
pensions
2 824
2 575
7 546
-
payroll
675
615
2 030
-
chamber of commerce
90
82
271
-
total
6 476
5 904
17 854
-
Corporate
56 526
59 085
65 693
-
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.

14 131
14 771
16 423
-
total
14 131
14 771
16 423
-
Dividends
42 395
44 314
-
-
withholding
11 658
12 187
-
-
total
11 658
12 187
-
-
Income
85 500
85 500
85 500
85 500
Total tax
38 343
38 089
62 852
41 530
After tax
47 157
47 411
22 648
43 970
Living cost
16 421
16 421
16 421
16 421
Free-cash
30 736
30 990
6 227
27 549

Estimated living cost  is ₴16421 per week

₴9850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1677
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61754
₴74579
₴77999
₴73332
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 308
-
85 500
-
income
1 662
-
17 100
-
total
1 662
-
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%.

77 192
85 500
-
-
total
-
-
-
-
Dividends
77 192
85 500
-
-
withholding
3 860
4 275
-
-
total
3 860
4 275
-
-
Income
85 500
85 500
85 500
85 500
Total tax
5 522
4 275
17 100
855
After tax
79 978
81 225
68 400
84 645
Living cost
6 646
6 646
6 646
6 646
Free-cash
73 332
74 579
61 754
77 999

Estimated living cost  is ₴6646 per week

₴4498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25950
₴45061
₴28216
₴40756
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
8 413
income
-
-
-
19 324
pensions
-
-
-
15 614
unemployment
-
-
-
128
total
-
-
-
43 479
Employee

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

22 760
-
73 981
-
income
3 925
-
17 876
-
pensions
3 528
-
11 467
-
health
1 470
-
4 779
-
unemployment
32
-
104
-
total
8 955
-
34 226
-
Employer

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

22 760
-
73 981
-
unemployment
14
-
44
-
health
1 516
-
4 928
-
pensions
2 014
-
6 547
-
total
3 544
-
11 519
-
Corporate
59 196
85 500
-
-
income
11 247
16 245
-
-
total
11 247
16 245
-
-
Dividends
47 949
69 255
-
-
withholding
7 193
10 389
-
-
total
7 193
10 389
-
-
Income
85 500
85 500
85 500
85 500
Total tax
30 939
26 634
45 745
43 479
After tax
54 561
58 866
39 755
42 021
Living cost
13 805
13 805
13 805
13 805
Free-cash
40 756
45 061
25 950
28 216

Estimated living cost  is ₴13805 per week

₴9474
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴885
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55172
₴28776
₴35845
₴3154
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
social contributions
-
-
-
9 747
income
-
-
-
16 666
total
-
-
-
26 413
Employee
33 325
-
-
-
social contributions
2 733
-
389
-
income
7 351
-
-
-
total
10 084
-
389
-
Employer
33 325
-
-
-
social contributions
46 989
-
6 697
-
total
46 989
-
6 697
-
Corporate
5 186
85 500
-
-
income
1 141
18 810
-
-
total
1 141
18 810
-
-
Dividends
4 045
66 690
-
-
income
890
14 672
-
-
total
890
14 672
-
-
Income
85 500
85 500
85 500
85 500
Total tax
59 104
33 482
7 086
26 413
After tax
26 396
52 018
78 414
59 087
Living cost
23 242
23 242
23 242
23 242
Free-cash
3 154
28 776
55 172
35 845

Estimated living cost  is ₴23242 per week

₴15080
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2186
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23494
₴32489
₴29851
₴31970
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
29 711
income
-
-
-
9 794
surtax
-
-
-
-
total
-
-
-
39 505
Employee
23 672
-
69 091
-
surtax
-
-
-
-
social contributions
2 604
-
7 600
-
income
4 924
-
21 853
-
total
7 528
-
29 453
-
Employer
23 672
-
69 091
-
social contributions
5 622
-
16 409
-
total
5 622
-
16 409
-
Corporate
56 206
85 500
-
-
surtax
-
-
-
-
income
11 803
17 955
-
-
total
11 803
17 955
-
-
Dividends
44 403
67 545
-
-
withholding
12 433
18 912
-
-
total
12 433
18 912
-
-
Income
85 500
85 500
85 500
85 500
Total tax
37 386
36 867
45 862
39 505
After tax
48 114
48 633
39 638
45 995
Living cost
16 144
16 144
16 144
16 144
Free-cash
31 970
32 489
23 494
29 851

Estimated living cost  is ₴16144 per week

₴12079
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴952
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22702
₴18234
₴23407
₴21771
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 651
social contributions
-
-
-
2 436
health
-
-
-
3 454
income
-
-
-
12 956
pensions
-
-
-
15 737
surtax
-
-
-
-
total
-
-
-
37 234
Employee
32 236
-
66 540
-
surtax
-
-
-
-
social contributions
918
-
1 896
-
income
2 813
-
12 613
-
pensions
3 646
-
4 473
-
total
7 377
-
18 982
-
Employer
32 236
-
66 540
-
other
1 112
-
2 530
-
unemployment
1 306
-
2 695
-
health
2 256
-
5 975
-
pensions
5 297
-
7 558
-
social contributions
97
-
199
-
total
10 068
-
18 957
-
Corporate
43 195
85 500
-
-
surtax
-
-
-
-
income
12 095
23 940
-
-
total
12 095
23 940
-
-
Dividends
31 101
61 560
-
-
social contributions
5 349
10 588
-
-
surtax
-
-
-
-
withholding
3 981
7 879
-
-
total
9 330
18 467
-
-
Income
85 500
85 500
85 500
85 500
Total tax
38 870
42 407
37 939
37 234
After tax
46 630
43 093
47 561
48 266
Living cost
24 859
24 859
24 859
24 859
Free-cash
21 771
18 234
22 702
23 407

Estimated living cost  is ₴24859 per week

₴16824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2034
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴341
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5660
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49946
₴61478
₴47674
₴59749
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 544
social contributions
-
-
-
18 810
total
-
-
-
22 354
Employee
16 547
-
74 026
-
income
-
-
3 796
-
social contributions
1 075
-
4 812
-
total
1 075
-
8 608
-
Employer
16 547
-
74 026
-
social contributions
2 565
-
11 474
-
total
2 565
-
11 474
-
Corporate
66 388
85 500
-
-
income
6 639
8 550
-
-
total
6 639
8 550
-
-
Dividends
59 749
76 950
-
-
total
-
-
-
-
Income
85 500
85 500
85 500
85 500
Total tax
10 279
8 550
20 082
22 354
After tax
75 221
76 950
65 418
63 146
Living cost
15 472
15 472
15 472
15 472
Free-cash
59 749
61 478
49 946
47 674

Estimated living cost  is ₴15472 per week

₴10004
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1166
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-₴26457
-₴26457
₴25970
-₴26457
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 804
pensions
-
-
-
445
national
-
-
-
9 873
municipal
-
-
-
17 661
total
-
-
-
34 783
Employee
104 453
104 453
104 453
-
labour market
8 344
8 344
8 344
-
municipal
22 243
22 243
22 243
-
national
12 761
12 761
12 761
-
pensions
148
148
148
-
total
43 496
43 496
43 496
-
Employer
104 453
104 453
104 453
-
national
12 783
12 783
12 783
-
labour market
8 356
8 356
8 356
-
pensions
297
297
297
-
municipal
22 278
22 278
22 278
-
total
43 714
43 714
43 714
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
85 500
85 500
85 500
85 500
Total tax
87 210
87 210
87 210
34 783
After tax
-1 710
-1 710
-1 710
50 717
Living cost
24 747
24 747
24 747
24 747
Free-cash
-26 457
-26 457
-26 457
25 970

Estimated living cost  is ₴24747 per week

₴16937
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2189
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴381
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35002
-₴4311
₴47233
₴5202
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192
health
-
-
-
1 130
accident
-
-
-
131
income
-
-
-
23 421
pensions
-
-
-
2 157
total
-
-
-
27 031
Employee
17 674
-
76 632
-
income
2 425
-
17 665
-
pensions
1 990
-
3 955
-
health
2 024
-
8 774
-
total
6 439
-
30 394
-
Employer
17 674
-
76 632
-
unemployment
433
-
1 877
-
accident
295
-
1 280
-
pensions
2 874
-
5 711
-
total
3 602
-
8 868
-
Corporate
64 224
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.

57 801
76 950
-
-
total
57 801
76 950
-
-
Dividends
6 422
8 550
-
-
withholding
1 220
1 625
-
-
total
1 220
1 625
-
-
Income
85 500
85 500
85 500
85 500
Total tax
69 062
78 575
39 262
27 031
After tax
16 438
6 925
46 238
58 469
Living cost
11 236
11 236
11 236
11 236
Free-cash
5 202
-4 311
35 002
47 233

Estimated living cost  is ₴11236 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25419
₴34136
₴36135
₴35308
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 102
national
-
-
-
13 310
municipal
-
-
-
15 192
total
-
-
-
29 604
Employee
27 079
-
71 926
-
municipal
4 435
-
11 718
-
national
447
-
8 201
-
pensions
1 827
-
4 855
-
health
202
-
893
-
unemployment
406
-
1 079
-
total
7 317
-
26 746
-
Employer
27 079
-
71 926
-
unemployment
176
-
468
-
health
208
-
554
-
accident
27
-
72
-
pensions
4 698
-
12 480
-
total
5 109
-
13 574
-
Corporate
53 312
85 500
-
-
income
10 662
17 100
-
-
total
10 662
17 100
-
-
Dividends

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

31 987
51 300
-
-
national
1 585
5 269
-
-
municipal
5 758
9 234
-
-
total
7 343
14 503
-
-
Income
85 500
85 500
85 500
85 500
Total tax
30 431
31 603
40 320
29 604
After tax
55 069
53 897
45 180
55 896
Living cost
19 761
19 761
19 761
19 761
Free-cash
35 308
34 136
25 419
36 135

Estimated living cost  is ₴19761 per week

₴12908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46015
₴50471
₴46780
₴47672
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 328
health
-
-
-
2 180
income
-
-
-
16 295
total
-
-
-
26 803
Employee
39 578
39 578
79 597
-
social contributions
1 496
3 285
4 430
-
income
4 309
3 664
15 882
-
health
307
673
1 353
-
total
6 112
7 622
21 665
-
Employer
39 578
39 578
79 597
-
health
333
733
1 473
-
social contributions
1 496
3 285
4 430
-
total
1 829
4 018
5 903
-
Corporate
65 642
41 905
-
-
income
8 206
5 238
-
-
total
8 206
5 238
-
-
Dividends
57 436
36 667
-
-
withholding
9 764
6 234
-
-
total
9 764
6 234
-
-
Income
85 500
85 500
85 500
85 500
Total tax
25 911
23 112
27 568
26 803
After tax
59 589
62 388
57 932
58 697
Living cost
11 917
11 917
11 917
11 917
Free-cash
47 672
50 471
46 015
46 780

Estimated living cost  is ₴11917 per week

₴7142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3342
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53198
₴62631
₴63519
₴60009
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 863
income
-
-
-
8 657
pensions
-
-
-
3 274
unemployment
-
-
-
15
total
-
-
-
13 809
Employee

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

11 814
-
80 470
-
income
808
-
7 380
-
pensions
1 772
-
7 325
-
health
1 004
-
4 151
-
unemployment
59
-
244
-
total
3 643
-
19 100
-
Employer

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

11 814
-
80 470
-
unemployment
59
-
244
-
health
508
-
2 100
-
pensions
650
-
2 686
-
total
1 217
-
5 030
-
Corporate
72 470
85 500
-
-
income
6 523
7 695
-
-
total
6 523
7 695
-
-
Dividends
65 947
77 805
-
-
withholding
5 936
7 002
-
-
total
5 936
7 002
-
-
Income
85 500
85 500
85 500
85 500
Total tax
17 319
14 697
24 130
13 809
After tax
68 181
70 803
61 370
71 691
Living cost
8 172
8 172
8 172
8 172
Free-cash
60 009
62 631
53 198
63 519

Estimated living cost  is ₴8172 per week

₴5214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴589
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31726
₴42900
₴33886
₴40626
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
430
income
-
-
-
23 148
pensions
-
-
-
13 500
unemployment
-
-
-
334
total
-
-
-
37 460
Employee
19 031
-
70 291
-
income
3 669
-
21 381
-
other
19
-
48
-
pensions
895
-
2 243
-
unemployment
295
-
739
-
total
4 878
-
24 411
-
Employer
19 031
-
70 291
-
other
152
-
382
-
unemployment
1 047
-
2 624
-
accident
377
-
944
-
pensions
4 491
-
11 259
-
total
6 067
-
15 209
-
Corporate
60 401
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.

9 060
12 825
-
-
total
9 060
12 825
-
-
Dividends
51 341
72 675
-
-
withholding
10 715
15 621
-
-
total
10 715
15 621
-
-
Income
85 500
85 500
85 500
85 500
Total tax
30 720
28 446
39 620
37 460
After tax
54 780
57 054
45 880
48 040
Living cost
14 154
14 154
14 154
14 154
Free-cash
40 626
42 900
31 726
33 886

Estimated living cost  is ₴14154 per week

₴9553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1361
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2992
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53992
₴52398
₴54060
₴52241
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
health
-
-
-
505
income
-
-
-
29 285
pensions
-
-
-
696
total
-
-
-
30 486
Employee
1 454
-
84 717
-
income
281
-
29 248
-
pensions
131
-
313
-
health
73
-
174
-
unemployment
15
-
35
-
total
500
-
29 770
-
Employer
1 454
-
84 717
-
unemployment
29
-
70
-
health
138
-
331
-
pensions
160
-
383
-
total
327
-
784
-
Corporate
83 719
85 500
-
-
income
18 418
18 810
-
-
total
18 418
18 810
-
-
Dividends
65 301
66 690
-
-
withholding
13 060
13 338
-
-
total
13 060
13 338
-
-
Income
85 500
85 500
85 500
85 500
Total tax
32 305
32 148
30 554
30 486
After tax
53 195
53 352
54 946
55 014
Living cost
954
954
954
954
Free-cash
52 241
52 398
53 992
54 060

Estimated living cost  is ₴954 per week

₴567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
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.
₴288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43039
₴52892
₴43042
₴50366
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 909
income
-
-
-
19 230
pensions
-
-
-
9 868
unemployment
-
-
-
569
total
-
-
-
33 576
Employee

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

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

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

13 393
-
78 706
-
income
1 846
-
19 230
-
pensions
1 875
-
5 314
-
health
690
-
1 955
-
unemployment
100
-
285
-
total
4 511
-
26 784
-
Employer

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

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

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

13 393
-
78 706
-
unemployment
100
-
285
-
health
690
-
1 955
-
pensions
1 607
-
4 555
-
total
2 397
-
6 795
-
Corporate
69 710
85 500
-
-
income
10 456
12 825
-
-
total
10 456
12 825
-
-
Dividends
59 253
72 675
-
-
withholding
8 888
10 901
-
-
total
8 888
10 901
-
-
Income
85 500
85 500
85 500
85 500
Total tax
26 252
23 726
33 579
33 576
After tax
59 248
61 774
51 921
51 924
Living cost
8 882
8 882
8 882
8 882
Free-cash
50 366
52 892
43 039
43 042

Estimated living cost  is ₴8882 per week

₴5980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴687
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.
₴1958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25762
₴34757
₴32119
₴34570
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
29 711
income
-
-
-
9 794
surtax
-
-
-
-
total
-
-
-
39 505
Employee
19 976
-
69 091
-
surtax
-
-
-
-
social contributions
2 198
-
7 600
-
income
3 903
-
21 853
-
total
6 101
-
29 453
-
Employer
19 976
-
69 091
-
social contributions
4 744
-
16 409
-
total
4 744
-
16 409
-
Corporate
60 780
85 500
-
-
surtax
-
-
-
-
income
12 764
17 955
-
-
total
12 764
17 955
-
-
Dividends
48 016
67 545
-
-
withholding
13 445
18 912
-
-
total
13 445
18 912
-
-
Income
85 500
85 500
85 500
85 500
Total tax
37 054
36 867
45 862
39 505
After tax
48 446
48 633
39 638
45 995
Living cost
13 876
13 876
13 876
13 876
Free-cash
34 570
34 757
25 762
32 119

Estimated living cost  is ₴13876 per week

₴9828
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.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27791
₴38965
₴29951
₴35517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
430
income
-
-
-
23 148
pensions
-
-
-
13 500
unemployment
-
-
-
334
total
-
-
-
37 460
Employee
24 857
-
70 291
-
income
5 192
-
21 381
-
other
24
-
48
-
pensions
1 168
-
2 243
-
unemployment
385
-
739
-
total
6 769
-
24 411
-
Employer
24 857
-
70 291
-
other
199
-
382
-
unemployment
1 367
-
2 624
-
accident
492
-
944
-
pensions
5 866
-
11 259
-
total
7 924
-
15 209
-
Corporate
52 717
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.

7 908
12 825
-
-
total
7 908
12 825
-
-
Dividends
44 810
72 675
-
-
withholding
9 293
15 621
-
-
total
9 293
15 621
-
-
Income
85 500
85 500
85 500
85 500
Total tax
31 894
28 446
39 620
37 460
After tax
53 606
57 054
45 880
48 040
Living cost
18 089
18 089
18 089
18 089
Free-cash
35 517
38 965
27 791
29 951

Estimated living cost  is ₴18089 per week

₴12991
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1406
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3437
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴62469
₴64340
₴59163
₴61234
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
health
-
-
-
2 046
income
-
-
-
12 825
pensions

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

-
-
-
2 633
unemployment
-
-
-
71
total
-
-
-
17 575
Employee
11 603
-
82 009
-
income
1 160
-
8 201
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
pensions

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

1 019
-
1 562
-
health
534
-
818
-
total
2 841
-
10 777
-
Employer
11 603
-
82 009
-
unemployment
70
-
107
-
health
801
-
1 228
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
pensions

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

1 279
-
1 961
-
total
2 278
-
3 492
-
Corporate
71 621
85 500
-
-
income
7 162
8 550
-
-
total
7 162
8 550
-
-
Dividends
64 459
76 950
-
-
withholding
3 223
3 848
-
-
total
3 223
3 848
-
-
Income
85 500
85 500
85 500
85 500
Total tax
15 504
12 398
14 269
17 575
After tax
69 996
73 102
71 231
67 925
Living cost
8 762
8 762
8 762
8 762
Free-cash
61 234
64 340
62 469
59 163

Estimated living cost  is ₴8762 per week

₴5795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴502
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.
₴2257
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34834
₴24140
₴25998
₴30873
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 516
income

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

-
-
-
25 857
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.

-
-
-
1 422
trade
-
-
-
8 836
total
-
-
-
39 631
Employee

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

25 609
-
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.

116
-
1 422
-
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.

2 106
-
25 857
-
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.

3 516
-
3 516
-
total
5 738
-
30 795
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 891
85 500
-
-
chamber of commerce
166
203
-
-
surtax

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

494
705
-
-
trade
8 594
12 270
-
-
income
8 984
12 825
-
-
total
18 238
26 003
-
-
Dividends
41 652
59 496
-
-
surtax

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

562
808
-
-
withholding
10 218
14 678
-
-
total
10 780
15 486
-
-
Income
85 500
85 500
85 500
85 500
Total tax
34 756
41 489
30 795
39 631
After tax
50 744
44 011
54 705
45 869
Living cost
19 871
19 871
19 871
19 871
Free-cash
30 873
24 140
34 834
25 998

Estimated living cost  is ₴19871 per week

₴13707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2138
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.
₴3737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16343
₴30531
₴16343
₴31668
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 693
social contributions
-
-
-
14 145
total
-
-
-
39 838
Employee
40 261
-
85 500
-
income
7 597
-
25 693
-
social contributions
3 345
-
14 145
-
total
10 942
-
39 838
-
Employer
40 261
-
85 500
-
total
-
-
-
-
Corporate
45 239
85 500
-
-
income
5 655
10 687
-
-
total
5 655
10 687
-
-
Dividends
39 584
74 813
-
-
withholding
7 916
14 963
-
-
total
7 916
14 963
-
-
Income
85 500
85 500
85 500
85 500
Total tax
24 513
25 650
39 838
39 838
After tax
60 987
59 850
45 662
45 662
Living cost
29 319
29 319
29 319
29 319
Free-cash
31 668
30 531
16 343
16 343

Estimated living cost  is ₴29319 per week

₴22306
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4345
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42422
₴34172
₴48987
₴35970
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 651
health

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

-
-
-
3 178
total
-
-
-
17 829
Employee
23 611
-
83 132
-
income
2 562
-
19 658
-
social contributions
2 366
-
2 368
-
total
4 928
-
22 026
-
Employer
23 611
-
83 132
-
social contributions
2 366
-
2 368
-
total
2 366
-
2 368
-
Corporate
59 523
85 500
-
-
income
20 833
29 925
-
-
total
20 833
29 925
-
-
Dividends
38 690
55 575
-
-
social contributions
2 719
2 719
-
-
total
2 719
2 719
-
-
Income
85 500
85 500
85 500
85 500
Total tax
30 846
32 644
24 394
17 829
After tax
54 654
52 856
61 106
67 671
Living cost
18 684
18 684
18 684
18 684
Free-cash
35 970
34 172
42 422
48 987

Estimated living cost  is ₴18684 per week

₴12307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1473
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.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30251
₴37442
₴38014
₴40478
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 926
pensions
-
-
-
4 517
total
-
-
-
28 443
Employee
26 139
-
74 733
-
income
4 760
-
18 748
-
health
341
-
1 102
-
pensions
1 995
-
5 590
-
total
7 096
-
25 440
-
Employer
26 139
-
74 733
-
health
497
-
1 420
-
pensions
2 641
-
9 346
-
total
3 138
-
10 766
-
Corporate
56 224
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.

10 682
16 245
-
-
total
10 682
16 245
-
-
Dividends
45 542
69 255
-
-
withholding
5 063
12 770
-
-
total
5 063
12 770
-
-
Income
85 500
85 500
85 500
85 500
Total tax
25 979
29 015
36 206
28 443
After tax
59 521
56 485
49 294
57 057
Living cost
19 043
19 043
19 043
19 043
Free-cash
40 478
37 442
30 251
38 014

Estimated living cost  is ₴19043 per week

₴13063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1751
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.
₴3989
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴33890
-₴5423
₴46121
₴5032
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192
health
-
-
-
1 130
accident
-
-
-
131
income
-
-
-
23 421
pensions
-
-
-
2 157
total
-
-
-
27 031
Employee
19 424
-
76 632
-
income
2 665
-
17 665
-
pensions
2 187
-
3 955
-
health
2 224
-
8 774
-
total
7 076
-
30 394
-
Employer
19 424
-
76 632
-
unemployment
476
-
1 877
-
accident
324
-
1 280
-
pensions
3 158
-
5 711
-
total
3 958
-
8 868
-
Corporate
62 118
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.

55 906
76 950
-
-
total
55 906
76 950
-
-
Dividends
6 212
8 550
-
-
withholding
1 180
1 625
-
-
total
1 180
1 625
-
-
Income
85 500
85 500
85 500
85 500
Total tax
68 120
78 575
39 262
27 031
After tax
17 380
6 925
46 238
58 469
Living cost
12 348
12 348
12 348
12 348
Free-cash
5 032
-5 423
33 890
46 121

Estimated living cost  is ₴12348 per week

₴9062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴720
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
Skopje , Macedonia
₴53237
₴65006
₴41935
₴62601
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 021
health insurance
-
-
-
6 082
work injury
-
-
-
411
pensions
-
-
-
15 123
unemployment
-
-
-
986
total
-
-
-
36 623
Employee

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

11 107
-
85 500
-
income
1 111
-
14 021
-
work injury
56
-
205
-
health insurance
822
-
3 041
-
pensions
2 044
-
7 561
-
unemployment
133
-
493
-
total
4 166
-
25 321
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
74 393
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%.

744
855
-
-
total
744
855
-
-
Dividends
73 649
84 645
-
-
withholding
11 047
12 697
-
-
total
11 047
12 697
-
-
Income
85 500
85 500
85 500
85 500
Total tax
15 957
13 552
25 321
36 623
After tax
69 543
71 948
60 179
48 877
Living cost
6 942
6 942
6 942
6 942
Free-cash
62 601
65 006
53 237
41 935

Estimated living cost  is ₴6942 per week

₴4301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴504
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1920
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15895
₴24532
₴19649
₴22190
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
20 833
regional
-
-
-
1 953
municipal
-
-
-
571
total
-
-
-
45 347
Employee
43 371
-
85 500
-
social contributions
14 625
-
28 830
-
municipal
259
-
510
-
national
7 329
-
18 029
-
regional
655
-
1 732
-
total
22 868
-
49 101
-
Employer
43 371
-
85 500
-
total
-
-
-
-
Corporate
42 129
85 500
-
-
nationa
10 111
20 520
-
-
municipal
2 031
4 121
-
-
total
12 142
24 641
-
-
Dividends
29 987
60 859
-
-
withholding
7 796
15 823
-
-
total
7 796
15 823
-
-
Income
85 500
85 500
85 500
85 500
Total tax
42 806
40 464
49 101
45 347
After tax
42 694
45 036
36 399
40 153
Living cost
20 504
20 504
20 504
20 504
Free-cash
22 190
24 532
15 895
19 649

Estimated living cost  is ₴20504 per week

₴14403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4381
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close