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
₴28159
₴39455
₴29607
₴33623
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
85 500
income

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

-
-
-
26 258
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.

-
-
-
1 444
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.

-
-
-
3 376
trade
-
-
-
9 848
total
-
-
-
40 926
Employee

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

18 900
-
85 500
-
surtax

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

29
-
1 444
-
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.

528
-
26 258
-
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.

3 376
-
3 376
-
total
3 933
-
31 078
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
66 600
85 500
-
-
income
9 990
12 825
-
-
surtax

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

550
705
-
-
chamber of commerce
171
198
-
-
trade
10 489
13 467
-
-
total
21 200
27 195
-
-
Dividends
45 400
58 305
-
-
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.

614
791
-
-
withholding
11 163
14 388
-
-
total
11 777
15 179
-
-
Income
85 500
85 500
85 500
85 500
Total tax
36 910
42 374
31 078
40 926
After tax
48 590
43 126
54 422
44 574
Living cost
14 967
14 967
14 967
14 967
Free-cash
33 623
28 159
39 455
29 607

Estimated living cost  is ₴14967 per week

₴9415
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1745
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.
₴3528
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27009
₴24876
₴24206
₴26571
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
social contributions
-
-
-
919
municipal
-
-
-
9 324
national
-
-
-
14 448
pensions
-
-
-
10 260
total
-
-
-
34 951
Employee
40 836
-
73 914
-
municipal
5 044
-
9 655
-
pensions
1 633
-
2 957
-
national
7 816
-
14 961
-
total
14 493
-
27 573
-
Employer
40 836
-
73 914
-
pensions
3 267
-
5 913
-
social contributions
439
-
795
-
total
3 706
-
6 708
-
Corporate
38 263
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%.

7 653
17 100
-
-
total
7 653
17 100
-
-
Dividends
30 610
68 400
-
-
withholding
6 734
15 048
-
-
total
6 734
15 048
-
-
Income
85 500
85 500
85 500
85 500
Total tax
32 586
32 148
34 281
34 951
After tax
52 914
53 352
51 219
50 549
Living cost
26 343
26 343
26 343
26 343
Free-cash
26 571
27 009
24 876
24 206

Estimated living cost  is ₴26343 per week

₴17905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2449
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴394
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58120
₴25449
₴19091
₴54068
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
85 500
income
-
-
-
15 393
surtax
-
-
-
21 803
social contributions

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

-
-
-
18 933
microenterprise
-
-
-
-
total
-
-
-
56 129
Employee
14 439
-
64 246
-
surtax
-
-
9 315
-
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.

1 588
-
6 478
-
income
2 570
-
12 724
-
total
4 158
-
28 517
-
Employer
14 439
-
64 246
-
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.

3 478
-
14 187
-
surtax
-
-
7 067
-
total
3 478
-
21 254
-
Corporate
67 583
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%.

13 516
17 100
-
-
total
13 516
17 100
-
-
Dividends

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

54 067
68 400
-
-
total
-
-
-
-
Income
85 500
85 500
85 500
85 500
Total tax
21 152
17 100
49 771
56 129
After tax
64 348
68 400
35 729
29 371
Living cost
10 280
10 280
10 280
10 280
Free-cash
54 068
58 120
25 449
19 091

Estimated living cost  is ₴10280 per week

₴6558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴979
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2509
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21608
₴32551
₴26611
₴18579
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
income
-
-
-
26 307
health
-
-
-
6 093
pensions
-
-
-
5 789
total
-
-
-
38 189
Employee
42 197
42 197
76 317
-
pensions
7 596
5 789
5 789
-
income

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

6 907
6 907
11 183
-
health
6 477
5 509
6 093
-
total
20 980
18 205
23 065
-
Employer
42 197
42 197
76 317
-
health
2 933
2 933
3 645
-
pensions
2 937
2 937
3 651
-
unemployment
1 519
1 519
1 888
-
total
7 389
7 389
9 184
-
Corporate
36 431
35 913
-
-
income
7 286
7 183
-
-
total
7 286
7 183
-
-
Dividends
29 145
28 731
-
-
income
6 194
6 105
-
-
withholding
4 372
4 310
-
-
total
10 566
10 415
-
-
Income
85 500
85 500
85 500
85 500
Total tax
46 221
43 192
32 249
38 189
After tax
39 279
42 308
53 251
47 311
Living cost
20 700
20 700
20 700
20 700
Free-cash
18 579
21 608
32 551
26 611

Estimated living cost  is ₴20700 per week

₴14670
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27024
₴23848
₴24325
₴26583
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
accident
-
-
-
86
other
-
-
-
5 007
unemployment
-
-
-
43
health
-
-
-
2 688
municipal
-
-
-
21 774
national
-
-
-
7 261
pensions
-
-
-
4 657
total
-
-
-
41 516
Employee
28 012
-
71 963
-
municipal
8 353
-
21 459
-
national
-
-
6 997
-
total
8 353
-
28 456
-
Employer
28 012
-
71 963
-
health
1 723
-
2 650
-
pensions
3 028
-
4 657
-
accident
56
-
86
-
unemployment
739
-
1 137
-
other
3 255
-
5 007
-
total
8 801
-
13 537
-
Corporate
48 687
85 500
-
-
income
10 711
18 810
-
-
total
10 711
18 810
-
-
Dividends
37 976
66 690
-
-
withholding
11 393
20 007
-
-
total
11 393
20 007
-
-
Income
85 500
85 500
85 500
85 500
Total tax
39 258
38 817
41 993
41 516
After tax
46 242
46 683
43 507
43 984
Living cost
19 659
19 659
19 659
19 659
Free-cash
26 583
27 024
23 848
24 325

Estimated living cost  is ₴19659 per week

₴13029
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1929
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4402
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23274
₴35010
₴24724
₴30217
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
85 500
income

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

-
-
-
26 258
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.

-
-
-
1 444
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.

-
-
-
3 376
trade
-
-
-
10 286
total
-
-
-
41 364
Employee

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

25 059
-
85 500
-
surtax

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

118
-
1 444
-
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.

2 153
-
26 258
-
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.

3 376
-
3 376
-
total
5 647
-
31 078
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 441
85 500
-
-
income
9 066
12 825
-
-
surtax

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

499
705
-
-
chamber of commerce
161
197
-
-
trade
9 943
14 065
-
-
total
19 669
27 792
-
-
Dividends
40 773
57 708
-
-
surtax

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

550
783
-
-
withholding
10 005
14 239
-
-
total
10 555
15 022
-
-
Income
85 500
85 500
85 500
85 500
Total tax
35 871
42 814
31 078
41 364
After tax
49 629
42 686
54 422
44 136
Living cost
19 412
19 412
19 412
19 412
Free-cash
30 217
23 274
35 010
24 724

Estimated living cost  is ₴19412 per week

₴12983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2047
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46350
₴41734
₴42489
₴44302
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
income
-
-
-
16 809
social contributions
-
-
-
7 995
health
-
-
-
2 180
total
-
-
-
26 984
Employee
37 997
37 997
79 771
-
social contributions
1 846
3 154
4 253
-
income
3 990
3 517
16 401
-
health
378
646
1 356
-
total
6 214
7 317
22 010
-
Employer
37 997
37 997
79 771
-
health
412
703
1 476
-
social contributions
1 846
3 154
4 253
-
total
2 258
3 857
5 729
-
Corporate
61 000
43 646
-
-
income
7 625
5 456
-
-
total
7 625
5 456
-
-
Dividends
53 376
38 191
-
-
withholding
9 074
6 493
-
-
total
9 074
6 493
-
-
Income
85 500
85 500
85 500
85 500
Total tax
25 171
23 123
27 739
26 984
After tax
60 329
62 377
57 761
58 516
Living cost
16 027
16 027
16 027
16 027
Free-cash
44 302
46 350
41 734
42 489

Estimated living cost  is ₴16027 per week

₴10956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1252
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.
₴3550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39185
₴40720
₴50386
₴39367
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

12 768
5 081
71 548
-
unemployment
192
76
1 073
-
pensions
1 277
508
7 155
-
income
1 561
621
8 747
-
health
894
356
5 008
-
total
3 924
1 561
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.

12 768
5 081
71 548
-
pensions
2 490
991
13 952
-
total
2 490
991
13 952
-
Corporate
70 243
79 428
-
-
income
6 322
7 149
-
-
total
6 322
7 149
-
-
Dividends
63 921
72 279
-
-
social contributions
12 407
14 036
-
-
withholding
12 145
13 733
-
-
total
24 552
27 769
-
-
Income
85 500
85 500
85 500
85 500
Total tax
37 288
37 470
35 935
26 269
After tax
48 212
48 030
49 565
59 231
Living cost
8 845
8 845
8 845
8 845
Free-cash
39 367
39 185
40 720
50 386

Estimated living cost  is ₴8845 per week

₴6036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴724
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.
₴1909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴56465
₴37346
₴33893
₴53396
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
income
-
-
-
11 457
health
-
-
-
11 115
pensions
-
-
-
17 100
total
-
-
-
39 672
Employee
14 018
-
63 902
-
unemployment
224
-
1 022
-
pensions
280
-
1 278
-
income
1 578
-
12 321
-
total
2 082
-
14 621
-
Employer
14 018
-
63 902
-
health
1 822
-
8 307
-
pensions
2 804
-
12 780
-
unemployment
113
-
511
-
total
4 739
-
21 598
-
Corporate
66 744
85 500
-
-
income
13 348
17 100
-
-
total
13 348
17 100
-
-
Dividends
53 395
68 400
-
-
total
-
-
-
-
Income
85 500
85 500
85 500
85 500
Total tax
20 169
17 100
36 219
39 672
After tax
65 331
68 400
49 281
45 828
Living cost
11 935
11 935
11 935
11 935
Free-cash
53 396
56 465
37 346
33 893

Estimated living cost  is ₴11935 per week

₴8186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴711
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴4074
₴35353
₴47459
₴5238
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
accident
-
-
-
126
income
-
-
-
23 561
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 080
total
-
-
-
27 042
Employee
17 302
-
76 827
-
pensions
1 948
-
3 814
-
income
2 374
-
17 864
-
health
1 981
-
8 797
-
total
6 303
-
30 475
-
Employer
17 302
-
76 827
-
pensions
2 813
-
5 508
-
accident
289
-
1 283
-
unemployment
424
-
1 882
-
total
3 526
-
8 673
-
Corporate
64 672
85 500
-
-
income

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

58 205
76 950
-
-
total
58 205
76 950
-
-
Dividends
6 467
8 550
-
-
withholding
1 229
1 625
-
-
total
1 229
1 625
-
-
Income
85 500
85 500
85 500
85 500
Total tax
69 263
78 575
39 148
27 042
After tax
16 237
6 925
46 352
58 458
Living cost
10 999
10 999
10 999
10 999
Free-cash
5 238
-4 074
35 353
47 459

Estimated living cost  is ₴10999 per week

₴8061
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴609
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2099
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴77181
₴64356
₴80601
₴76423
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 054
-
85 500
-
income
1 011
-
17 100
-
total
1 011
-
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%.

80 446
85 500
-
-
total
-
-
-
-
Dividends
80 446
85 500
-
-
withholding
4 022
4 275
-
-
total
4 022
4 275
-
-
Income
85 500
85 500
85 500
85 500
Total tax
5 033
4 275
17 100
855
After tax
80 467
81 225
68 400
84 645
Living cost
4 044
4 044
4 044
4 044
Free-cash
76 423
77 181
64 356
80 601

Estimated living cost  is ₴4044 per week

₴2506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴336
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1090
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49650
₴35327
₴34367
₴46315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
income
-
-
-
13 057
other
-
-
-
3 569
health
-
-
-
3 306
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.

-
-
-
18 034
total
-
-
-
37 966
Employee
17 942
-
68 290
-
unemployment
179
-
683
-
pensions

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

1 256
-
4 780
-
income
3 089
-
13 377
-
health
251
-
956
-
total
4 775
-
19 796
-
Employer
17 942
-
68 290
-
health
251
-
956
-
pensions

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

3 050
-
11 610
-
accident
143
-
547
-
unemployment
179
-
683
-
other
897
-
3 414
-
total
4 520
-
17 210
-
Corporate
63 037
85 500
-
-
income
13 238
17 955
-
-
total
13 238
17 955
-
-
Dividends
49 799
67 545
-
-
withholding
3 485
4 728
-
-
total
3 485
4 728
-
-
Income
85 500
85 500
85 500
85 500
Total tax
26 018
22 683
37 006
37 966
After tax
59 482
62 817
48 494
47 534
Living cost
13 167
13 167
13 167
13 167
Free-cash
46 315
49 650
35 327
34 367

Estimated living cost  is ₴13167 per week

₴9303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴889
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23248
₴16203
₴23946
₴24500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
income
-
-
-
24 336
pensions
-
-
-
4 397
total
-
-
-
28 733
Employee
46 436
-
74 698
-
pensions
4 480
-
5 415
-
income
8 371
-
19 173
-
health
765
-
1 086
-
total
13 616
-
25 674
-
Employer
46 436
-
74 698
-
health
882
-
1 419
-
pensions
5 483
-
9 383
-
total
6 365
-
10 802
-
Corporate
32 699
85 500
-
-
income

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

6 212
16 245
-
-
total
6 212
16 245
-
-
Dividends
26 487
69 255
-
-
withholding
1 986
13 186
-
-
total
1 986
13 186
-
-
Income
85 500
85 500
85 500
85 500
Total tax
28 179
29 431
36 476
28 733
After tax
57 321
56 069
49 024
56 767
Living cost
32 821
32 821
32 821
32 821
Free-cash
24 500
23 248
16 203
23 946

Estimated living cost  is ₴32821 per week

₴24593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴66627
₴64928
₴61593
₴64334
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
income
-
-
-
12 825
unemployment
-
-
-
69
health
-
-
-
1 984
pensions

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

-
-
-
2 553
total
-
-
-
17 431
Employee
8 575
-
82 115
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
pensions

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

753
-
1 515
-
income
857
-
8 212
-
health
394
-
794
-
total
2 098
-
10 711
-
Employer
8 575
-
82 115
-
health
592
-
1 190
-
pensions

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

945
-
1 901
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
unemployment
51
-
104
-
total
1 682
-
3 385
-
Corporate
75 242
85 500
-
-
income
7 524
8 550
-
-
total
7 524
8 550
-
-
Dividends
67 718
76 950
-
-
withholding
3 386
3 847
-
-
total
3 386
3 847
-
-
Income
85 500
85 500
85 500
85 500
Total tax
14 690
12 397
14 096
17 431
After tax
70 810
73 103
71 404
68 069
Living cost
6 476
6 476
6 476
6 476
Free-cash
64 334
66 627
64 928
61 593

Estimated living cost  is ₴6476 per week

₴3781
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴462
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14907
₴25850
₴19910
₴16151
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
income
-
-
-
26 307
health
-
-
-
6 093
pensions
-
-
-
5 789
total
-
-
-
38 189
Employee
45 813
42 197
76 317
-
pensions
5 789
5 789
5 789
-
income

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

6 907
6 907
11 183
-
health
5 715
5 509
6 093
-
total
18 411
18 205
23 065
-
Employer
45 813
42 197
76 317
-
health
3 184
2 933
3 645
-
pensions
3 188
2 937
3 651
-
unemployment
1 649
1 519
1 888
-
total
8 021
7 389
9 184
-
Corporate
31 666
35 913
-
-
income
6 333
7 183
-
-
total
6 333
7 183
-
-
Dividends
25 333
28 731
-
-
income
5 383
6 105
-
-
withholding
3 800
4 310
-
-
total
9 183
10 415
-
-
Income
85 500
85 500
85 500
85 500
Total tax
41 948
43 192
32 249
38 189
After tax
43 552
42 308
53 251
47 311
Living cost
27 401
27 401
27 401
27 401
Free-cash
16 151
14 907
25 850
19 910

Estimated living cost  is ₴27401 per week

₴20213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2447
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4427
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46751
₴32189
₴35929
₴42429
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
income
-
-
-
8 478
social contributions
-
-
-
17 435
solidarity contribution
-
-
-
-
health
-
-
-
11 542
total
-
-
-
37 455
Employee
17 818
-
64 746
-
solidarity contribution
-
-
-
-
social contributions
1 158
-
3 881
-
income
2 138
-
7 819
-
health
2 405
-
8 741
-
total
5 701
-
20 441
-
Employer
17 818
-
64 746
-
health
1 604
-
5 827
-
social contributions
4 454
-
14 927
-
total
6 058
-
20 754
-
Corporate
61 624
85 500
-
-
income
11 709
16 245
-
-
total
11 709
16 245
-
-
Dividends
49 915
69 255
-
-
withholding
7 487
10 388
-
-
total
7 487
10 388
-
-
Income
85 500
85 500
85 500
85 500
Total tax
30 955
26 633
41 195
37 455
After tax
54 545
58 867
44 305
48 045
Living cost
12 116
12 116
12 116
12 116
Free-cash
42 429
46 751
32 189
35 929

Estimated living cost  is ₴12116 per week

₴8416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴862
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.
₴2600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24767
₴16240
₴20103
₴22188
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
social contributions
-
-
-
21 990
regional
-
-
-
1 007
municipal
-
-
-
508
national
-
-
-
21 041
total
-
-
-
44 546
Employee
43 916
-
85 500
-
municipal
233
-
453
-
national
7 610
-
18 237
-
regional
414
-
889
-
social contributions
14 808
-
28 830
-
total
23 065
-
48 409
-
Employer
43 916
-
85 500
-
total
-
-
-
-
Corporate
41 584
85 500
-
-
municipal
1 621
3 335
-
-
nationa
9 980
20 520
-
-
total
11 601
23 855
-
-
Dividends
29 983
61 645
-
-
withholding
7 795
16 027
-
-
total
7 795
16 027
-
-
Income
85 500
85 500
85 500
85 500
Total tax
42 461
39 882
48 409
44 546
After tax
43 039
45 618
37 091
40 954
Living cost
20 851
20 851
20 851
20 851
Free-cash
22 188
24 767
16 240
20 103

Estimated living cost  is ₴20851 per week

₴14535
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1367
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42875
₴26555
₴29576
₴41338
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 443
other
-
-
-
-
surtax
-
-
-
3 592
unemployment
-
-
-
113
health
-
-
-
4 682
pensions
-
-
-
13 190
total
-
-
-
45 020
Employee
16 341
-
71 618
-
other
-
-
-
-
unemployment
1 137
-
4 590
-
pensions
1 090
-
4 399
-
surtax
53
-
3 002
-
income
2 739
-
20 487
-
health
417
-
1 681
-
total
5 436
-
34 159
-
Employer
16 341
-
71 618
-
health
744
-
3 001
-
pensions
2 178
-
8 791
-
unemployment
518
-
2 090
-
other
-
-
-
-
total
3 440
-
13 882
-
Corporate
65 720
85 500
-
-
income
17 087
22 230
-
-
total
17 087
22 230
-
-
Dividends
48 633
63 270
-
-
withholding
7 295
9 491
-
-
total
7 295
9 491
-
-
Income
85 500
85 500
85 500
85 500
Total tax
33 258
31 721
48 041
45 020
After tax
52 242
53 779
37 459
40 480
Living cost
10 904
10 904
10 904
10 904
Free-cash
41 338
42 875
26 555
29 576

Estimated living cost  is ₴10904 per week

₴6667
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1006
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.
₴2979
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33647
₴26602
₴34345
₴36889
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
income
-
-
-
24 336
pensions
-
-
-
4 397
total
-
-
-
28 733
Employee
31 120
-
74 698
-
pensions
2 641
-
5 415
-
income
5 605
-
19 173
-
health
452
-
1 086
-
total
8 698
-
25 674
-
Employer
31 120
-
74 698
-
health
591
-
1 419
-
pensions
3 369
-
9 383
-
total
3 960
-
10 802
-
Corporate
50 420
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.

9 580
16 245
-
-
total
9 580
16 245
-
-
Dividends
40 840
69 255
-
-
withholding
3 951
13 186
-
-
total
3 951
13 186
-
-
Income
85 500
85 500
85 500
85 500
Total tax
26 189
29 431
36 476
28 733
After tax
59 311
56 069
49 024
56 767
Living cost
22 422
22 422
22 422
22 422
Free-cash
36 889
33 647
26 602
34 345

Estimated living cost  is ₴22422 per week

₴16799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1681
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴64
₴26254
₴30304
₴16690
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
other

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

-
-
-
1 710
regional
-
-
-
4 097
health
-
-
-
192
city
-
-
-
901
national
-
-
-
1 269
pensions
-
-
-
7 866
total
-
-
-
16 035
Employee
45 828
-
76 526
-
unemployment
-
-
-
-
pensions
3 850
-
6 429
-
national
217
-
989
-
regional
1 501
-
3 541
-
city
492
-
822
-
health
104
-
172
-
total
6 164
-
11 953
-
Employer
45 828
-
76 526
-
health
104
-
172
-
pensions
3 850
-
6 429
-
unemployment
-
-
-
-
other

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

916
-
1 531
-
total
4 870
-
8 132
-
Corporate
34 298
85 500
-
-
regional
7 254
18 083
-
-
national
2 916
7 268
-
-
total
10 170
25 351
-
-
Dividends
24 129
60 149
-
-
withholding
8 445
21 052
-
-
total
8 445
21 052
-
-
Income
85 500
85 500
85 500
85 500
Total tax
29 649
46 403
20 085
16 035
After tax
55 851
39 097
65 415
69 465
Living cost
39 161
39 161
39 161
39 161
Free-cash
16 690
-64
26 254
30 304

Estimated living cost  is ₴39161 per week

₴25466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9700
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴19610
₴31785
₴21062
₴27623
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
85 500
income

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

-
-
-
26 258
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.

-
-
-
1 444
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.

-
-
-
3 376
trade
-
-
-
10 723
total
-
-
-
41 801
Employee

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

29 697
-
85 500
-
surtax

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

192
-
1 444
-
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.

3 492
-
26 258
-
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.

3 376
-
3 376
-
total
7 060
-
31 078
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 803
85 500
-
-
income
8 370
12 825
-
-
surtax

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

460
705
-
-
chamber of commerce
154
195
-
-
trade
9 570
14 663
-
-
total
18 554
28 388
-
-
Dividends
37 249
57 112
-
-
surtax

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

502
775
-
-
withholding
9 124
14 090
-
-
total
9 626
14 865
-
-
Income
85 500
85 500
85 500
85 500
Total tax
35 240
43 253
31 078
41 801
After tax
50 260
42 247
54 422
43 699
Living cost
22 637
22 637
22 637
22 637
Free-cash
27 623
19 610
31 785
21 062

Estimated living cost  is ₴22637 per week

₴16533
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1811
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.
₴3999
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26185
₴30246
₴31301
₴29105
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
income
-
-
-
13 247
other
-
-
-
2 651
surtax
-
-
-
-
social contributions
-
-
-
2 436
health
-
-
-
3 567
pensions
-
-
-
15 392
total
-
-
-
37 293
Employee
21 148
-
66 338
-
pensions
2 391
-
4 543
-
surtax
-
-
-
-
social contributions
603
-
1 890
-
income
1 248
-
12 754
-
total
4 242
-
19 187
-
Employer
21 148
-
66 338
-
health
1 481
-
6 056
-
pensions
3 474
-
7 661
-
unemployment
856
-
2 687
-
social contributions
64
-
199
-
other
730
-
2 558
-
total
6 605
-
19 161
-
Corporate
57 747
85 500
-
-
income
16 169
23 940
-
-
surtax
-
-
-
-
total
16 169
23 940
-
-
Dividends
41 578
61 560
-
-
surtax
-
-
-
-
social contributions
7 151
10 589
-
-
withholding
5 322
7 880
-
-
total
12 473
18 469
-
-
Income
85 500
85 500
85 500
85 500
Total tax
39 489
42 409
38 348
37 293
After tax
46 011
43 091
47 152
48 207
Living cost
16 906
16 906
16 906
16 906
Free-cash
29 105
26 185
30 246
31 301

Estimated living cost  is ₴16906 per week

₴10660
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1375
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.
₴4585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27860
₴31921
₴32976
₴30608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
income
-
-
-
13 247
other
-
-
-
2 651
surtax
-
-
-
-
social contributions
-
-
-
2 436
health
-
-
-
3 567
pensions
-
-
-
15 392
total
-
-
-
37 293
Employee
18 878
-
66 338
-
pensions
2 135
-
4 543
-
surtax
-
-
-
-
social contributions
538
-
1 890
-
income
973
-
12 754
-
total
3 646
-
19 187
-
Employer
18 878
-
66 338
-
health
1 321
-
6 056
-
pensions
3 102
-
7 661
-
unemployment
764
-
2 687
-
social contributions
56
-
199
-
other
652
-
2 558
-
total
5 895
-
19 161
-
Corporate
60 727
85 500
-
-
income
17 004
23 940
-
-
surtax
-
-
-
-
total
17 004
23 940
-
-
Dividends
43 723
61 560
-
-
surtax
-
-
-
-
social contributions
7 520
10 589
-
-
withholding
5 596
7 880
-
-
total
13 116
18 469
-
-
Income
85 500
85 500
85 500
85 500
Total tax
39 661
42 409
38 348
37 293
After tax
45 839
43 091
47 152
48 207
Living cost
15 231
15 231
15 231
15 231
Free-cash
30 608
27 860
31 921
32 976

Estimated living cost  is ₴15231 per week

₴8833
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.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4562
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41685
₴42712
₴44430
₴41943
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
income
-
-
-
12 825
social contributions
-
-
-
11 799
health
-
-
-
5 968
total
-
-
-
30 592
Employee
16 754
-
85 500
-
social contributions
2 312
-
11 799
-
income
2 794
-
14 543
-
health
1 169
-
5 968
-
total
6 275
-
32 310
-
Employer
16 754
-
85 500
-
total
-
-
-
-
Corporate
68 746
85 500
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

3 438
4 275
-
-
total
3 438
4 275
-
-
Dividends
65 308
81 225
-
-
social contributions
9 012
11 209
-
-
withholding
9 796
12 184
-
-
health
4 558
5 669
-
-
total
23 366
29 062
-
-
Income
85 500
85 500
85 500
85 500
Total tax
33 079
33 337
32 310
30 592
After tax
52 421
52 163
53 190
54 908
Living cost
10 478
10 478
10 478
10 478
Free-cash
41 943
41 685
42 712
44 430

Estimated living cost  is ₴10478 per week

₴7012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴646
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2578
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29908
₴5274
₴26466
₴29145
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 056
surtax
-
-
-
98
unemployment
-
-
-
3 031
chamber of commerce
-
-
-
342
health
-
-
-
4 416
pensions
-
-
-
10 680
total
-
-
-
41 623
Employee
24 695
19 692
68 036
-
other
247
197
578
-
unemployment
741
591
1 732
-
pensions
2 529
2 016
5 911
-
income
2 811
1 453
18 356
-
health
956
762
2 234
-
total
7 284
5 019
28 811
-
Employer
24 695
19 692
68 036
-
chamber of commerce
98
79
272
-
health
933
745
2 182
-
pensions
3 099
2 472
7 245
-
accident
321
256
750
-
unemployment
741
591
1 732
-
surtax
98
98
98
-
payroll
741
591
2 041
-
other
1 173
935
3 144
-
total
7 204
5 767
17 464
-
Corporate
53 602
60 043
66 161
-
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.

13 400
15 011
16 540
-
total
13 400
15 011
16 540
-
Dividends
40 202
45 032
-
-
withholding
11 056
12 384
-
-
total
11 056
12 384
-
-
Income
85 500
85 500
85 500
85 500
Total tax
38 944
38 181
62 815
41 623
After tax
46 556
47 319
22 685
43 877
Living cost
17 411
17 411
17 411
17 411
Free-cash
29 145
29 908
5 274
26 466

Estimated living cost  is ₴17411 per week

₴11613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1485
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.
₴4027
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29804
₴12172
₴19042
₴22391
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
communal

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

-
-
-
4 390
social contributions
-
-
-
12 320
national
-
-
-
31 731
total
-
-
-
48 441
Employee

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

35 346
-
66 222
-
unemployment

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

308
-
576
-
communal

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

1 844
-
3 454
-
pensions

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

2 651
-
4 967
-
national
10 867
-
23 925
-
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.

1 661
-
3 112
-
total
17 331
-
36 034
-
Employer

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

35 346
-
66 222
-
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.

2 174
-
4 073
-
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.

3 132
-
5 867
-
accident

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

459
-
861
-
unemployment

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

516
-
967
-
surtax
4 008
-
7 509
-
total
10 289
-
19 277
-
Corporate
39 865
85 500
-
-
income
7 973
17 100
-
-
surtax
159
342
-
-
total
8 132
17 442
-
-
Dividends
31 733
68 058
-
-
withholding

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

9 340
20 237
-
-
total
9 340
20 237
-
-
Income
85 500
85 500
85 500
85 500
Total tax
45 092
37 679
55 311
48 441
After tax
40 408
47 821
30 189
37 059
Living cost
18 017
18 017
18 017
18 017
Free-cash
22 391
29 804
12 172
19 042

Estimated living cost  is ₴18017 per week

₴11605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39165
₴28080
₴30154
₴35745
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
accident
-
-
-
413
income
-
-
-
23 760
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 961
total
-
-
-
37 501
Employee
24 597
-
70 899
-
other
24
-
46
-
unemployment
382
-
710
-
pensions
1 156
-
2 153
-
income
5 190
-
22 064
-
total
6 752
-
24 973
-
Employer
24 597
-
70 899
-
pensions
5 804
-
10 809
-
accident
487
-
907
-
unemployment
1 353
-
2 519
-
other
196
-
367
-
total
7 840
-
14 602
-
Corporate
53 063
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.

7 959
12 825
-
-
total
7 959
12 825
-
-
Dividends
45 103
72 675
-
-
withholding
9 359
15 665
-
-
total
9 359
15 665
-
-
Income
85 500
85 500
85 500
85 500
Total tax
31 910
28 490
39 575
37 501
After tax
53 590
57 010
45 925
47 999
Living cost
17 845
17 845
17 845
17 845
Free-cash
35 745
39 165
28 080
30 154

Estimated living cost  is ₴17845 per week

₴13141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1266
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.
₴3181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23260
₴19002
₴15592
₴17021
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
communal
-
-
-
5 404
accident
-
-
-
721
income
-
-
-
13 869
surtax
-
-
-
4 238
health
-
-
-
6 007
pensions
-
-
-
12 816
total
-
-
-
43 055
Employee
37 421
-
76 373
-
pensions
2 993
-
6 110
-
surtax
2 294
-
4 680
-
income
3 614
-
16 331
-
health
1 665
-
3 398
-
total
10 566
-
30 519
-
Employer
37 421
-
76 373
-
health
1 141
-
2 329
-
pensions
2 993
-
6 110
-
accident
337
-
687
-
total
4 471
-
9 126
-
Corporate
43 608
85 500
-
-
communal
2 943
5 772
-
-
income
6 542
12 825
-
-
surtax
458
897
-
-
total
9 943
19 494
-
-
Dividends
33 666
66 006
-
-
income
11 596
5 993
-
-
withholding
5 050
9 900
-
-
total
16 646
15 893
-
-
Income
85 500
85 500
85 500
85 500
Total tax
41 626
35 387
39 645
43 055
After tax
43 874
50 113
45 855
42 445
Living cost
26 853
26 853
26 853
26 853
Free-cash
17 021
23 260
19 002
15 592

Estimated living cost  is ₴26853 per week

₴20144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1627
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4797
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42680
₴26360
₴29381
₴41109
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 443
other
-
-
-
-
surtax
-
-
-
3 592
unemployment
-
-
-
113
health
-
-
-
4 682
pensions
-
-
-
13 190
total
-
-
-
45 020
Employee
16 641
-
71 618
-
other
-
-
-
-
unemployment
1 158
-
4 590
-
pensions
1 110
-
4 399
-
surtax
59
-
3 002
-
income
2 790
-
20 487
-
health
425
-
1 681
-
total
5 542
-
34 159
-
Employer
16 641
-
71 618
-
health
757
-
3 001
-
pensions
2 219
-
8 791
-
unemployment
528
-
2 090
-
other
-
-
-
-
total
3 504
-
13 882
-
Corporate
65 356
85 500
-
-
income
16 992
22 230
-
-
total
16 992
22 230
-
-
Dividends
48 364
63 270
-
-
withholding
7 254
9 491
-
-
total
7 254
9 491
-
-
Income
85 500
85 500
85 500
85 500
Total tax
33 292
31 721
48 041
45 020
After tax
52 208
53 779
37 459
40 480
Living cost
11 099
11 099
11 099
11 099
Free-cash
41 109
42 680
26 360
29 381

Estimated living cost  is ₴11099 per week

₴6701
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴965
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31629
₴23519
₴27361
₴30534
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
social contributions
-
-
-
21 990
regional
-
-
-
1 289
municipal
-
-
-
508
national
-
-
-
21 041
total
-
-
-
44 828
Employee
27 410
-
85 500
-
municipal
145
-
453
-
national
4 343
-
18 237
-
regional
369
-
1 150
-
social contributions
9 243
-
28 830
-
total
14 100
-
48 670
-
Employer
27 410
-
85 500
-
total
-
-
-
-
Corporate
58 090
85 500
-
-
municipal
2 887
4 250
-
-
nationa
13 941
20 520
-
-
total
16 828
24 770
-
-
Dividends
41 261
60 730
-
-
withholding
10 727
15 790
-
-
total
10 727
15 790
-
-
Income
85 500
85 500
85 500
85 500
Total tax
41 655
40 560
48 670
44 828
After tax
43 845
44 940
36 830
40 672
Living cost
13 311
13 311
13 311
13 311
Free-cash
30 534
31 629
23 519
27 361

Estimated living cost  is ₴13311 per week

₴8278
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1348
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3456
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43937
₴29375
₴33115
₴38610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
income
-
-
-
8 478
social contributions
-
-
-
17 435
solidarity contribution
-
-
-
-
health
-
-
-
11 542
total
-
-
-
37 455
Employee
21 956
-
64 746
-
solidarity contribution
-
-
-
-
social contributions
1 427
-
3 881
-
income
2 635
-
7 819
-
health
2 964
-
8 741
-
total
7 026
-
20 441
-
Employer
21 956
-
64 746
-
health
1 976
-
5 827
-
social contributions
5 489
-
14 927
-
total
7 465
-
20 754
-
Corporate
56 079
85 500
-
-
income
10 655
16 245
-
-
total
10 655
16 245
-
-
Dividends
45 424
69 255
-
-
withholding
6 814
10 388
-
-
total
6 814
10 388
-
-
Income
85 500
85 500
85 500
85 500
Total tax
31 960
26 633
41 195
37 455
After tax
53 540
58 867
44 305
48 045
Living cost
14 930
14 930
14 930
14 930
Free-cash
38 610
43 937
29 375
33 115

Estimated living cost  is ₴14930 per week

₴11103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴827
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2742
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31608
₴6945
₴28210
₴31365
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 056
surtax
-
-
-
-
unemployment
-
-
-
3 031
chamber of commerce
-
-
-
342
health
-
-
-
4 416
pensions
-
-
-
10 680
total
-
-
-
41 525
Employee
21 600
19 692
68 127
-
other
216
197
578
-
unemployment
648
591
1 732
-
pensions
2 212
2 016
5 911
-
income
1 924
1 453
18 399
-
health
836
762
2 234
-
total
5 836
5 019
28 854
-
Employer
21 600
19 692
68 127
-
chamber of commerce
86
79
273
-
health
817
745
2 182
-
pensions
2 711
2 472
7 245
-
accident
280
256
750
-
unemployment
648
591
1 732
-
surtax
-
-
-
-
payroll
648
591
2 044
-
other
1 026
935
3 147
-
total
6 216
5 669
17 373
-
Corporate
57 684
60 140
66 251
-
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.

14 421
15 035
16 563
-
total
14 421
15 035
16 563
-
Dividends
43 263
45 105
-
-
withholding
11 897
12 404
-
-
total
11 897
12 404
-
-
Income
85 500
85 500
85 500
85 500
Total tax
38 370
38 127
62 790
41 525
After tax
47 130
47 373
22 710
43 975
Living cost
15 765
15 765
15 765
15 765
Free-cash
31 365
31 608
6 945
28 210

Estimated living cost  is ₴15765 per week

₴9457
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1610
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4417
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴74924
₴62099
₴78344
₴73743
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
85 500
microenterprise

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

-
-
-
855
total
-
-
-
855
Employee
7 876
-
85 500
-
income
1 575
-
17 100
-
total
1 575
-
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%.

77 624
85 500
-
-
total
-
-
-
-
Dividends
77 624
85 500
-
-
withholding
3 881
4 275
-
-
total
3 881
4 275
-
-
Income
85 500
85 500
85 500
85 500
Total tax
5 456
4 275
17 100
855
After tax
80 044
81 225
68 400
84 645
Living cost
6 301
6 301
6 301
6 301
Free-cash
73 743
74 924
62 099
78 344

Estimated living cost  is ₴6301 per week

₴4264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴264
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.
₴1561
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45613
₴26318
₴28583
₴41480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
85 500
income
-
-
-
19 507
unemployment
-
-
-
128
health
-
-
-
8 413
pensions
-
-
-
15 615
total
-
-
-
43 663
Employee

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

21 851
-
73 981
-
unemployment
31
-
103
-
pensions
3 387
-
11 467
-
income
3 768
-
18 059
-
health
1 411
-
4 780
-
total
8 597
-
34 409
-
Employer

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

21 851
-
73 981
-
health
1 455
-
4 928
-
pensions
1 934
-
6 547
-
unemployment
13
-
44
-
total
3 402
-
11 519
-
Corporate
60 247
85 500
-
-
income
11 447
16 245
-
-
total
11 447
16 245
-
-
Dividends
48 800
69 255
-
-
withholding
7 320
10 388
-
-
total
7 320
10 388
-
-
Income
85 500
85 500
85 500
85 500
Total tax
30 766
26 633
45 928
43 663
After tax
54 734
58 867
39 572
41 837
Living cost
13 254
13 254
13 254
13 254
Free-cash
41 480
45 613
26 318
28 583

Estimated living cost  is ₴13254 per week

₴9096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴850
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.
₴3052
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31003
₴58078
₴38072
₴7836
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
income
-
-
-
16 666
social contributions
-
-
-
9 747
total
-
-
-
26 413
Employee
30 133
-
-
-
social contributions
2 471
-
352
-
income
6 647
-
-
-
total
9 118
-
352
-
Employer
30 133
-
-
-
social contributions
42 487
-
6 055
-
total
42 487
-
6 055
-
Corporate
12 880
85 500
-
-
income
2 834
18 810
-
-
total
2 834
18 810
-
-
Dividends
10 047
66 690
-
-
income
2 210
14 672
-
-
total
2 210
14 672
-
-
Income
85 500
85 500
85 500
85 500
Total tax
56 649
33 482
6 407
26 413
After tax
28 851
52 018
79 093
59 087
Living cost
21 015
21 015
21 015
21 015
Free-cash
7 836
31 003
58 078
38 072

Estimated living cost  is ₴21015 per week

₴13635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴5135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33133
₴23907
₴30377
₴32635
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
85 500
income
-
-
-
9 912
surtax
-
-
-
-
social contributions

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

-
-
-
29 712
total
-
-
-
39 624
Employee
22 726
-
69 091
-
surtax
-
-
-
-
social contributions
2 500
-
7 600
-
income
4 727
-
22 085
-
total
7 227
-
29 685
-
Employer
22 726
-
69 091
-
social contributions
5 398
-
16 409
-
total
5 398
-
16 409
-
Corporate
57 376
85 500
-
-
income
12 049
17 955
-
-
surtax
-
-
-
-
total
12 049
17 955
-
-
Dividends
45 327
67 545
-
-
withholding
12 692
18 913
-
-
total
12 692
18 913
-
-
Income
85 500
85 500
85 500
85 500
Total tax
37 366
36 868
46 094
39 624
After tax
48 134
48 632
39 406
45 876
Living cost
15 499
15 499
15 499
15 499
Free-cash
32 635
33 133
23 907
30 377

Estimated living cost  is ₴15499 per week

₴11597
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴914
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2730
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19225
₴23286
₴24341
₴22623
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
income
-
-
-
13 247
other
-
-
-
2 651
surtax
-
-
-
-
social contributions
-
-
-
2 436
health
-
-
-
3 567
pensions
-
-
-
15 392
total
-
-
-
37 293
Employee
30 949
-
66 338
-
pensions
3 501
-
4 543
-
surtax
-
-
-
-
social contributions
881
-
1 890
-
income
2 700
-
12 754
-
total
7 082
-
19 187
-
Employer
30 949
-
66 338
-
health
2 166
-
6 056
-
pensions
5 085
-
7 661
-
unemployment
1 254
-
2 687
-
social contributions
93
-
199
-
other
1 068
-
2 558
-
total
9 666
-
19 161
-
Corporate
44 885
85 500
-
-
income
12 568
23 940
-
-
surtax
-
-
-
-
total
12 568
23 940
-
-
Dividends
32 317
61 560
-
-
surtax
-
-
-
-
social contributions
5 559
10 589
-
-
withholding
4 136
7 880
-
-
total
9 695
18 469
-
-
Income
85 500
85 500
85 500
85 500
Total tax
39 011
42 409
38 348
37 293
After tax
46 489
43 091
47 152
48 207
Living cost
23 866
23 866
23 866
23 866
Free-cash
22 623
19 225
23 286
24 341

Estimated living cost  is ₴23866 per week

₴16152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1952
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.
₴5434
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴62096
₴50440
₴48168
₴60437
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 668
social contributions
-
-
-
18 810
total
-
-
-
22 478
Employee
15 886
-
74 026
-
income
-
-
3 921
-
social contributions
1 032
-
4 811
-
total
1 032
-
8 732
-
Employer
15 886
-
74 026
-
social contributions
2 462
-
11 474
-
total
2 462
-
11 474
-
Corporate
67 152
85 500
-
-
income
6 715
8 550
-
-
total
6 715
8 550
-
-
Dividends
60 437
76 950
-
-
total
-
-
-
-
Income
85 500
85 500
85 500
85 500
Total tax
10 209
8 550
20 206
22 478
After tax
75 291
76 950
65 294
63 022
Living cost
14 854
14 854
14 854
14 854
Free-cash
60 437
62 096
50 440
48 168

Estimated living cost  is ₴14854 per week

₴9604
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1120
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.
₴3850
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22085
-₴22085
₴26730
-₴22085
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
labour market
-
-
-
6 806
municipal
-
-
-
17 766
national
-
-
-
9 989
pensions
-
-
-
428
total
-
-
-
34 989
Employee
100 372
100 372
100 372
-
municipal
21 374
21 374
21 374
-
labour market
8 018
8 018
8 018
-
pensions
143
143
143
-
national
12 262
12 262
12 262
-
total
41 797
41 797
41 797
-
Employer
100 372
100 372
100 372
-
national
12 284
12 284
12 284
-
labour market
8 030
8 030
8 030
-
pensions
285
285
285
-
municipal
21 408
21 408
21 408
-
total
42 007
42 007
42 007
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
85 500
85 500
85 500
85 500
Total tax
83 804
83 804
83 804
34 989
After tax
1 696
1 696
1 696
50 511
Living cost
23 781
23 781
23 781
23 781
Free-cash
-22 085
-22 085
-22 085
26 730

Estimated living cost  is ₴23781 per week

₴16276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2104
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴366
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5035
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3911
₴35516
₴47622
₴5262
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
accident
-
-
-
126
income
-
-
-
23 561
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 080
total
-
-
-
27 042
Employee
17 047
-
76 827
-
pensions
1 920
-
3 814
-
income
2 339
-
17 864
-
health
1 952
-
8 797
-
total
6 211
-
30 475
-
Employer
17 047
-
76 827
-
pensions
2 772
-
5 508
-
accident
285
-
1 283
-
unemployment
418
-
1 882
-
total
3 475
-
8 673
-
Corporate
64 979
85 500
-
-
income

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

58 481
76 950
-
-
total
58 481
76 950
-
-
Dividends
6 498
8 550
-
-
withholding
1 235
1 625
-
-
total
1 235
1 625
-
-
Income
85 500
85 500
85 500
85 500
Total tax
69 402
78 575
39 148
27 042
After tax
16 098
6 925
46 352
58 458
Living cost
10 836
10 836
10 836
10 836
Free-cash
5 262
-3 911
35 516
47 622

Estimated living cost  is ₴10836 per week

₴7888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2128
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34700
₴25979
₴36400
₴35908
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 110
municipal
-
-
-
15 190
national
-
-
-
13 829
total
-
-
-
30 129
Employee
25 998
-
71 927
-
municipal
4 258
-
11 716
-
unemployment
390
-
1 079
-
pensions
1 754
-
4 856
-
national
429
-
8 425
-
health
194
-
901
-
total
7 025
-
26 977
-
Employer
25 998
-
71 927
-
health
200
-
554
-
pensions
4 510
-
12 479
-
accident
26
-
72
-
unemployment
169
-
468
-
total
4 905
-
13 573
-
Corporate
54 597
85 500
-
-
income
10 920
17 100
-
-
total
10 920
17 100
-
-
Dividends

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

32 758
51 300
-
-
municipal
5 896
9 234
-
-
national
1 875
5 495
-
-
total
7 771
14 729
-
-
Income
85 500
85 500
85 500
85 500
Total tax
30 621
31 829
40 550
30 129
After tax
54 879
53 671
44 950
55 371
Living cost
18 971
18 971
18 971
18 971
Free-cash
35 908
34 700
25 979
36 400

Estimated living cost  is ₴18971 per week

₴12392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1825
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.
₴4453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50936
₴46320
₴47075
₴48247
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
income
-
-
-
16 809
social contributions
-
-
-
7 995
health
-
-
-
2 180
total
-
-
-
26 984
Employee
37 997
37 997
79 771
-
social contributions
1 437
3 154
4 253
-
income
4 137
3 517
16 401
-
health
294
646
1 356
-
total
5 868
7 317
22 010
-
Employer
37 997
37 997
79 771
-
health
320
703
1 476
-
social contributions
1 437
3 154
4 253
-
total
1 757
3 857
5 729
-
Corporate
66 435
43 646
-
-
income
8 304
5 456
-
-
total
8 304
5 456
-
-
Dividends
58 130
38 191
-
-
withholding
9 883
6 493
-
-
total
9 883
6 493
-
-
Income
85 500
85 500
85 500
85 500
Total tax
25 812
23 123
27 739
26 984
After tax
59 688
62 377
57 761
58 516
Living cost
11 441
11 441
11 441
11 441
Free-cash
48 247
50 936
46 320
47 075

Estimated living cost  is ₴11441 per week

₴6857
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1122
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3209
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴62957
₴54113
₴64024
₴60444
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
85 500
income
-
-
-
8 686
unemployment
-
-
-
14
health
-
-
-
1 788
pensions
-
-
-
3 143
total
-
-
-
13 631
Employee

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

11 342
-
80 671
-
unemployment
56
-
234
-
pensions
1 701
-
7 033
-
income
775
-
7 461
-
health
964
-
3 985
-
total
3 496
-
18 713
-
Employer

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

11 342
-
80 671
-
health
488
-
2 016
-
pensions
624
-
2 579
-
unemployment
56
-
234
-
total
1 168
-
4 829
-
Corporate
72 990
85 500
-
-
income
6 569
7 695
-
-
total
6 569
7 695
-
-
Dividends
66 422
77 805
-
-
withholding
5 978
7 003
-
-
total
5 978
7 003
-
-
Income
85 500
85 500
85 500
85 500
Total tax
17 211
14 698
23 542
13 631
After tax
68 289
70 802
61 958
71 869
Living cost
7 845
7 845
7 845
7 845
Free-cash
60 444
62 957
54 113
64 024

Estimated living cost  is ₴7845 per week

₴5006
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴565
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43422
₴32337
₴34411
₴41240
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
accident
-
-
-
413
income
-
-
-
23 760
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 961
total
-
-
-
37 501
Employee
18 271
-
70 899
-
other
18
-
46
-
unemployment
283
-
710
-
pensions
859
-
2 153
-
income
3 523
-
22 064
-
total
4 683
-
24 973
-
Employer
18 271
-
70 899
-
pensions
4 312
-
10 809
-
accident
362
-
907
-
unemployment
1 005
-
2 519
-
other
146
-
367
-
total
5 825
-
14 602
-
Corporate
61 404
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.

9 210
12 825
-
-
total
9 210
12 825
-
-
Dividends
52 193
72 675
-
-
withholding
10 954
15 665
-
-
total
10 954
15 665
-
-
Income
85 500
85 500
85 500
85 500
Total tax
30 672
28 490
39 575
37 501
After tax
54 828
57 010
45 925
47 999
Living cost
13 588
13 588
13 588
13 588
Free-cash
41 240
43 422
32 337
34 411

Estimated living cost  is ₴13588 per week

₴9172
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1306
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.
₴2872
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52350
₴53913
₴53985
₴52186
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
income
-
-
-
29 252
health
-
-
-
530
pensions
-
-
-
731
total
-
-
-
30 513
Employee
1 527
-
84 677
-
unemployment
15
-
37
-
pensions
137
-
329
-
income
295
-
29 214
-
health
76
-
183
-
total
523
-
29 763
-
Employer
1 527
-
84 677
-
health
145
-
347
-
pensions
168
-
402
-
unemployment
31
-
73
-
total
344
-
822
-
Corporate
83 630
85 500
-
-
income
18 399
18 810
-
-
total
18 399
18 810
-
-
Dividends
65 231
66 690
-
-
withholding
13 046
13 338
-
-
total
13 046
13 338
-
-
Income
85 500
85 500
85 500
85 500
Total tax
32 312
32 148
30 585
30 513
After tax
53 188
53 352
54 915
54 987
Living cost
1 002
1 002
1 002
1 002
Free-cash
52 186
52 350
53 913
53 985

Estimated living cost  is ₴1002 per week

₴596
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴81
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴302
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53230
₴43845
₴43843
₴50798
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
85 500
income
-
-
-
19 311
unemployment
-
-
-
548
health
-
-
-
3 761
pensions
-
-
-
9 493
total
-
-
-
33 113
Employee

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

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

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

12 883
-
78 965
-
unemployment
97
-
274
-
pensions
1 804
-
5 111
-
income
1 776
-
19 311
-
health
663
-
1 880
-
total
4 340
-
26 576
-
Employer

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

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

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

12 883
-
78 965
-
health
663
-
1 880
-
pensions
1 546
-
4 381
-
unemployment
97
-
274
-
total
2 306
-
6 535
-
Corporate
70 311
85 500
-
-
income
10 547
12 825
-
-
total
10 547
12 825
-
-
Dividends
59 764
72 675
-
-
withholding
8 965
10 901
-
-
total
8 965
10 901
-
-
Income
85 500
85 500
85 500
85 500
Total tax
26 158
23 726
33 111
33 113
After tax
59 342
61 774
52 389
52 387
Living cost
8 544
8 544
8 544
8 544
Free-cash
50 798
53 230
43 845
43 843

Estimated living cost  is ₴8544 per week

₴5752
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴661
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1883
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35310
₴26084
₴32554
₴35133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
85 500
income
-
-
-
9 912
surtax
-
-
-
-
social contributions

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

-
-
-
29 712
total
-
-
-
39 624
Employee
19 179
-
69 091
-
surtax
-
-
-
-
social contributions
2 110
-
7 600
-
income
3 747
-
22 085
-
total
5 857
-
29 685
-
Employer
19 179
-
69 091
-
social contributions
4 554
-
16 409
-
total
4 554
-
16 409
-
Corporate
61 767
85 500
-
-
income
12 971
17 955
-
-
surtax
-
-
-
-
total
12 971
17 955
-
-
Dividends
48 795
67 545
-
-
withholding
13 663
18 913
-
-
total
13 663
18 913
-
-
Income
85 500
85 500
85 500
85 500
Total tax
37 045
36 868
46 094
39 624
After tax
48 455
48 632
39 406
45 876
Living cost
13 322
13 322
13 322
13 322
Free-cash
35 133
35 310
26 084
32 554

Estimated living cost  is ₴13322 per week

₴9435
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.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39644
₴28559
₴30633
₴36392
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
accident
-
-
-
413
income
-
-
-
23 760
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 961
total
-
-
-
37 501
Employee
23 865
-
70 899
-
other
23
-
46
-
unemployment
369
-
710
-
pensions
1 122
-
2 153
-
income
4 984
-
22 064
-
total
6 498
-
24 973
-
Employer
23 865
-
70 899
-
pensions
5 632
-
10 809
-
accident
473
-
907
-
unemployment
1 313
-
2 519
-
other
191
-
367
-
total
7 609
-
14 602
-
Corporate
54 027
85 500
-
-
income

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

8 104
12 825
-
-
total
8 104
12 825
-
-
Dividends
45 923
72 675
-
-
withholding
9 531
15 665
-
-
total
9 531
15 665
-
-
Income
85 500
85 500
85 500
85 500
Total tax
31 742
28 490
39 575
37 501
After tax
53 758
57 010
45 925
47 999
Living cost
17 366
17 366
17 366
17 366
Free-cash
36 392
39 644
28 559
30 633

Estimated living cost  is ₴17366 per week

₴12472
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1350
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.
₴3300
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64606
₴62907
₴59572
₴61594
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
income
-
-
-
12 825
unemployment
-
-
-
69
health
-
-
-
1 984
pensions

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

-
-
-
2 553
total
-
-
-
17 431
Employee
11 251
-
82 115
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

988
-
1 515
-
income
1 125
-
8 212
-
health
518
-
794
-
total
2 755
-
10 711
-
Employer
11 251
-
82 115
-
health
776
-
1 190
-
pensions

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

1 240
-
1 901
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 208
-
3 385
-
Corporate
72 042
85 500
-
-
income
7 204
8 550
-
-
total
7 204
8 550
-
-
Dividends
64 837
76 950
-
-
withholding
3 242
3 847
-
-
total
3 242
3 847
-
-
Income
85 500
85 500
85 500
85 500
Total tax
15 409
12 397
14 096
17 431
After tax
70 091
73 103
71 404
68 069
Living cost
8 497
8 497
8 497
8 497
Free-cash
61 594
64 606
62 907
59 572

Estimated living cost  is ₴8497 per week

₴5620
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2188
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24929
₴35345
₴26373
₴31392
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
85 500
income

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

-
-
-
26 258
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.

-
-
-
1 444
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.

-
-
-
3 376
trade
-
-
-
8 972
total
-
-
-
40 050
Employee

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

24 586
-
85 500
-
surtax

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

112
-
1 444
-
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.

2 022
-
26 258
-
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.

3 376
-
3 376
-
total
5 510
-
31 078
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 914
85 500
-
-
income
9 137
12 825
-
-
surtax

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

503
705
-
-
chamber of commerce
164
201
-
-
trade
8 741
12 269
-
-
total
18 545
26 000
-
-
Dividends
42 368
59 500
-
-
surtax

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

572
807
-
-
withholding
10 404
14 687
-
-
total
10 976
15 494
-
-
Income
85 500
85 500
85 500
85 500
Total tax
35 031
41 494
31 078
40 050
After tax
50 469
44 006
54 422
45 450
Living cost
19 077
19 077
19 077
19 077
Free-cash
31 392
24 929
35 345
26 373

Estimated living cost  is ₴19077 per week

₴13160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2053
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3588
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31703
₴17091
₴17091
₴32793
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
income
-
-
-
26 033
social contributions
-
-
-
14 228
total
-
-
-
40 261
Employee
38 653
-
85 500
-
income
7 294
-
26 033
-
social contributions
3 211
-
14 228
-
total
10 505
-
40 261
-
Employer
38 653
-
85 500
-
total
-
-
-
-
Corporate
46 847
85 500
-
-
income
5 856
10 687
-
-
total
5 856
10 687
-
-
Dividends
40 991
74 813
-
-
withholding
8 198
14 962
-
-
total
8 198
14 962
-
-
Income
85 500
85 500
85 500
85 500
Total tax
24 559
25 649
40 261
40 261
After tax
60 941
59 851
45 239
45 239
Living cost
28 148
28 148
28 148
28 148
Free-cash
32 793
31 703
17 091
17 091

Estimated living cost  is ₴28148 per week

₴21415
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2294
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.
₴4171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35027
₴42949
₴50467
₴36754
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 066
health

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

-
-
-
3 030
total
-
-
-
17 096
Employee
22 668
-
83 227
-
income
2 460
-
20 068
-
social contributions
2 271
-
2 273
-
total
4 731
-
22 341
-
Employer
22 668
-
83 227
-
social contributions
2 271
-
2 273
-
total
2 271
-
2 273
-
Corporate
60 561
85 500
-
-
income
21 196
29 925
-
-
total
21 196
29 925
-
-
Dividends
39 365
55 575
-
-
social contributions
2 611
2 611
-
-
total
2 611
2 611
-
-
Income
85 500
85 500
85 500
85 500
Total tax
30 809
32 536
24 614
17 096
After tax
54 691
52 964
60 886
68 404
Living cost
17 937
17 937
17 937
17 937
Free-cash
36 754
35 027
42 949
50 467

Estimated living cost  is ₴17937 per week

₴11815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4433
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37841
₴30796
₴38539
₴40746
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
income
-
-
-
24 336
pensions
-
-
-
4 397
total
-
-
-
28 733
Employee
25 021
-
74 698
-
pensions
1 910
-
5 415
-
income
4 557
-
19 173
-
health
326
-
1 086
-
total
6 793
-
25 674
-
Employer
25 021
-
74 698
-
health
476
-
1 419
-
pensions
2 528
-
9 383
-
total
3 004
-
10 802
-
Corporate
57 475
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.

10 920
16 245
-
-
total
10 920
16 245
-
-
Dividends
46 555
69 255
-
-
withholding
5 809
13 186
-
-
total
5 809
13 186
-
-
Income
85 500
85 500
85 500
85 500
Total tax
26 526
29 431
36 476
28 733
After tax
58 974
56 069
49 024
56 767
Living cost
18 228
18 228
18 228
18 228
Free-cash
40 746
37 841
30 796
38 539

Estimated living cost  is ₴18228 per week

₴12505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴4984
₴34443
₴46549
₴5100
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
accident
-
-
-
126
income
-
-
-
23 561
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 080
total
-
-
-
27 042
Employee
18 734
-
76 827
-
pensions
2 109
-
3 814
-
income
2 570
-
17 864
-
health
2 145
-
8 797
-
total
6 824
-
30 475
-
Employer
18 734
-
76 827
-
pensions
3 046
-
5 508
-
accident
313
-
1 283
-
unemployment
459
-
1 882
-
total
3 818
-
8 673
-
Corporate
62 948
85 500
-
-
income

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

56 653
76 950
-
-
total
56 653
76 950
-
-
Dividends
6 295
8 550
-
-
withholding
1 196
1 625
-
-
total
1 196
1 625
-
-
Income
85 500
85 500
85 500
85 500
Total tax
68 491
78 575
39 148
27 042
After tax
17 009
6 925
46 352
58 458
Living cost
11 909
11 909
11 909
11 909
Free-cash
5 100
-4 984
34 443
46 549

Estimated living cost  is ₴11909 per week

₴8740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴694
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2235
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴65291
₴53929
₴43090
₴62986
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 077
unemployment
-
-
-
946
work injury
-
-
-
394
health insurance
-
-
-
5 833
pensions
-
-
-
14 503
total
-
-
-
35 753
Employee

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

10 652
-
85 500
-
health insurance
788
-
2 916
-
unemployment
128
-
473
-
work injury
53
-
197
-
pensions
1 960
-
7 251
-
income
1 065
-
14 077
-
total
3 994
-
24 914
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
74 848
85 500
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

748
855
-
-
total
748
855
-
-
Dividends
74 100
84 645
-
-
withholding
11 115
12 697
-
-
total
11 115
12 697
-
-
Income
85 500
85 500
85 500
85 500
Total tax
15 857
13 552
24 914
35 753
After tax
69 643
71 948
60 586
49 747
Living cost
6 657
6 657
6 657
6 657
Free-cash
62 986
65 291
53 929
43 090

Estimated living cost  is ₴6657 per week

₴4124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25351
₴16502
₴20255
₴23102
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
85 500
social contributions
-
-
-
21 990
regional
-
-
-
1 957
municipal
-
-
-
572
national
-
-
-
21 041
total
-
-
-
45 560
Employee
41 639
-
85 500
-
municipal
248
-
510
-
national
7 037
-
18 237
-
regional
629
-
1 736
-
social contributions
14 040
-
28 830
-
total
21 954
-
49 313
-
Employer
41 639
-
85 500
-
total
-
-
-
-
Corporate
43 861
85 500
-
-
municipal
2 115
4 121
-
-
nationa
10 527
20 520
-
-
total
12 642
24 641
-
-
Dividends
31 220
60 859
-
-
withholding
8 117
15 823
-
-
total
8 117
15 823
-
-
Income
85 500
85 500
85 500
85 500
Total tax
42 713
40 464
49 313
45 560
After tax
42 787
45 036
36 187
39 940
Living cost
19 685
19 685
19 685
19 685
Free-cash
23 102
25 351
16 502
20 255

Estimated living cost  is ₴19685 per week

₴13828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1354
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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