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
₴ 86500
per

Your estimated
City
free-cash

Dresden , Germany
₴30707
₴35418
₴30632
₴41137
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
86 500
trade
-
-
-
10 505
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.

-
-
-
28 011
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.

-
-
-
2 910
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.

-
-
-
1 541
total
-
-
-
42 967
Employee

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

16 291
-
86 500
-
health

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

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

2 910
-
2 910
-
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.

25
-
1 541
-
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.

455
-
28 011
-
total
3 390
-
32 462
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
70 209
86 500
-
-
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.

580
714
-
-
income
10 531
12 975
-
-
trade
11 058
13 623
-
-
chamber of commerce
166
189
-
-
total
22 335
27 501
-
-
Dividends
47 875
58 998
-
-
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.

649
803
-
-
withholding
11 807
14 588
-
-
total
12 456
15 391
-
-
Income
86 500
86 500
86 500
86 500
Total tax
38 181
42 892
32 462
42 967
After tax
48 319
43 608
54 038
43 533
Living cost
12 901
12 901
12 901
12 901
Free-cash
35 418
30 707
41 137
30 632

Estimated living cost  is ₴12901 per week

₴8115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1504
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.
₴3041
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32512
₴32154
₴28446
₴28911
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
municipal
-
-
-
9 560
pensions
-
-
-
10 380
national
-
-
-
15 720
social contributions
-
-
-
930
total
-
-
-
36 590
Employee
33 274
-
74 778
-
municipal
4 110
-
9 895
-
pensions
1 331
-
2 991
-
national
6 369
-
16 453
-
total
11 810
-
29 339
-
Employer
33 274
-
74 778
-
social contributions
358
-
804
-
pensions
2 662
-
5 982
-
total
3 020
-
6 786
-
Corporate
48 011
86 500
-
-
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%.

9 602
17 300
-
-
total
9 602
17 300
-
-
Dividends
38 409
69 200
-
-
withholding
8 450
15 224
-
-
total
8 450
15 224
-
-
Income
86 500
86 500
86 500
86 500
Total tax
32 882
32 524
36 125
36 590
After tax
53 618
53 976
50 375
49 910
Living cost
21 464
21 464
21 464
21 464
Free-cash
32 154
32 512
28 911
28 446

Estimated living cost  is ₴21464 per week

₴14589
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1995
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4559
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60339
₴56846
₴21974
₴28256
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
86 500
microenterprise
-
-
-
-
income
-
-
-
17 288
surtax
-
-
-
22 058
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.

-
-
-
16 319
total
-
-
-
55 665
Employee
12 446
-
66 911
-
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.

1 369
-
5 584
-
surtax
-
-
9 703
-
income
2 215
-
14 508
-
total
3 584
-
29 795
-
Employer
12 446
-
66 911
-
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.

2 998
-
12 228
-
surtax
-
-
7 360
-
total
2 998
-
19 588
-
Corporate
71 056
86 500
-
-
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%.

14 211
17 300
-
-
total
14 211
17 300
-
-
Dividends

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

56 845
69 200
-
-
total
-
-
-
-
Income
86 500
86 500
86 500
86 500
Total tax
20 793
17 300
49 383
55 665
After tax
65 707
69 200
37 117
30 835
Living cost
8 861
8 861
8 861
8 861
Free-cash
56 846
60 339
28 256
21 974

Estimated living cost  is ₴8861 per week

₴5653
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25153
₴22543
₴29114
₴37445
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
29 301
pensions
-
-
-
4 990
health
-
-
-
5 252
total
-
-
-
39 543
Employee
36 372
36 372
78 585
-
health
5 583
4 749
5 252
-
income

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

5 954
5 954
13 054
-
pensions
6 547
4 990
4 990
-
total
18 084
15 693
23 296
-
Employer
36 372
36 372
78 585
-
unemployment
1 309
1 309
1 627
-
pensions
2 532
2 532
3 147
-
health
2 528
2 528
3 142
-
total
6 369
6 369
7 916
-
Corporate
44 205
43 758
-
-
income
8 841
8 752
-
-
total
8 841
8 752
-
-
Dividends
35 364
35 006
-
-
income
7 515
7 439
-
-
withholding
5 305
5 251
-
-
total
12 820
12 690
-
-
Income
86 500
86 500
86 500
86 500
Total tax
46 114
43 504
31 212
39 543
After tax
40 386
42 996
55 288
46 957
Living cost
17 843
17 843
17 843
17 843
Free-cash
22 543
25 153
37 445
29 114

Estimated living cost  is ₴17843 per week

₴12645
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3306
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30805
₴30436
₴27130
₴26731
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
municipal
-
-
-
22 685
accident
-
-
-
72
pensions
-
-
-
3 891
other
-
-
-
4 183
unemployment
-
-
-
36
health
-
-
-
2 246
national
-
-
-
9 833
total
-
-
-
42 946
Employee
23 403
-
75 190
-
municipal
6 979
-
22 422
-
national
-
-
9 613
-
total
6 979
-
32 035
-
Employer
23 403
-
75 190
-
accident
47
-
72
-
other
2 719
-
4 183
-
unemployment
618
-
950
-
pensions
2 530
-
3 891
-
health
1 439
-
2 214
-
total
7 353
-
11 310
-
Corporate
55 744
86 500
-
-
income
12 264
19 030
-
-
total
12 264
19 030
-
-
Dividends
43 480
67 470
-
-
withholding
13 044
20 241
-
-
total
13 044
20 241
-
-
Income
86 500
86 500
86 500
86 500
Total tax
39 640
39 271
43 345
42 946
After tax
46 860
47 229
43 155
43 554
Living cost
16 424
16 424
16 424
16 424
Free-cash
30 436
30 805
26 731
27 130

Estimated living cost  is ₴16424 per week

₴10885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1612
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3678
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26431
₴32417
₴26334
₴37306
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
86 500
trade
-
-
-
10 972
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.

-
-
-
28 011
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.

-
-
-
2 910
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.

-
-
-
1 541
total
-
-
-
43 434
Employee

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

21 600
-
86 500
-
health

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

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

2 910
-
2 910
-
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.

102
-
1 541
-
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.

1 856
-
28 011
-
total
4 868
-
32 462
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
64 900
86 500
-
-
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.

535
714
-
-
income
9 735
12 975
-
-
trade
10 676
14 229
-
-
chamber of commerce
157
188
-
-
total
21 103
28 106
-
-
Dividends
43 797
58 395
-
-
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.

593
794
-
-
withholding
10 787
14 437
-
-
total
11 380
15 231
-
-
Income
86 500
86 500
86 500
86 500
Total tax
37 351
43 337
32 462
43 434
After tax
49 149
43 163
54 038
43 066
Living cost
16 732
16 732
16 732
16 732
Free-cash
32 417
26 431
37 306
26 334

Estimated living cost  is ₴16732 per week

₴11191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1764
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49250
₴47485
₴44733
₴44004
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
18 855
health
-
-
-
2 206
social contributions
-
-
-
6 891
total
-
-
-
27 952
Employee
32 752
32 752
81 329
-
social contributions
1 591
2 718
3 666
-
health
326
557
1 383
-
income
3 439
3 032
18 462
-
total
5 356
6 307
23 511
-
Employer
32 752
32 752
81 329
-
social contributions
1 591
2 718
3 666
-
health
355
606
1 504
-
total
1 946
3 324
5 170
-
Corporate
65 382
50 424
-
-
income
8 172
6 303
-
-
total
8 172
6 303
-
-
Dividends
57 210
44 121
-
-
withholding
9 726
7 501
-
-
total
9 726
7 501
-
-
Income
86 500
86 500
86 500
86 500
Total tax
25 200
23 435
28 681
27 952
After tax
61 300
63 065
57 819
58 548
Living cost
13 815
13 815
13 815
13 815
Free-cash
47 485
49 250
44 004
44 733

Estimated living cost  is ₴13815 per week

₴9444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3060
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40811
₴40974
₴52168
₴42390
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
10 575
pensions
-
-
-
8 650
unemployment
-
-
-
1 297
health
-
-
-
6 055
total
-
-
-
26 577
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.

11 194
4 455
72 385
-
health
784
312
5 067
-
income
1 368
545
8 849
-
pensions
1 119
446
7 238
-
unemployment
168
67
1 086
-
total
3 439
1 370
22 240
-
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.

11 194
4 455
72 385
-
pensions
2 183
869
14 115
-
total
2 183
869
14 115
-
Corporate
73 123
81 176
-
-
income
6 581
7 306
-
-
total
6 581
7 306
-
-
Dividends
66 542
73 870
-
-
social contributions
12 925
14 354
-
-
withholding
12 643
14 035
-
-
total
25 568
28 389
-
-
Income
86 500
86 500
86 500
86 500
Total tax
37 771
37 934
36 355
26 577
After tax
48 729
48 566
50 145
59 923
Living cost
7 755
7 755
7 755
7 755
Free-cash
40 974
40 811
42 390
52 168

Estimated living cost  is ₴7755 per week

₴5292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴634
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1673
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58912
₴56267
₴36076
₴39570
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
11 591
pensions
-
-
-
17 300
health
-
-
-
11 245
total
-
-
-
40 136
Employee
12 083
-
64 649
-
income
1 360
-
12 464
-
pensions
242
-
1 293
-
unemployment
193
-
1 035
-
total
1 795
-
14 792
-
Employer
12 083
-
64 649
-
unemployment
97
-
517
-
pensions
2 417
-
12 929
-
health
1 570
-
8 404
-
total
4 084
-
21 850
-
Corporate
70 333
86 500
-
-
income
14 066
17 300
-
-
total
14 066
17 300
-
-
Dividends
56 267
69 200
-
-
total
-
-
-
-
Income
86 500
86 500
86 500
86 500
Total tax
19 945
17 300
36 642
40 136
After tax
66 555
69 200
49 858
46 364
Living cost
10 288
10 288
10 288
10 288
Free-cash
56 267
58 912
39 570
36 076

Estimated living cost  is ₴10288 per week

₴7056
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2412
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2274
₴5582
₴49807
₴38132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
accident
-
-
-
107
income
-
-
-
24 474
pensions
-
-
-
1 755
other
-
-
-
156
health
-
-
-
920
total
-
-
-
27 412
Employee
14 600
-
78 613
-
health
1 672
-
9 001
-
income
2 003
-
18 980
-
pensions
1 644
-
3 219
-
total
5 319
-
31 200
-
Employer
14 600
-
78 613
-
accident
244
-
1 313
-
unemployment
358
-
1 926
-
pensions
2 374
-
4 648
-
total
2 976
-
7 887
-
Corporate
68 924
86 500
-
-
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.

62 032
77 850
-
-
total
62 032
77 850
-
-
Dividends
6 892
8 650
-
-
withholding
1 310
1 643
-
-
total
1 310
1 643
-
-
Income
86 500
86 500
86 500
86 500
Total tax
71 637
79 493
39 087
27 412
After tax
14 863
7 007
47 413
59 088
Living cost
9 281
9 281
9 281
9 281
Free-cash
5 582
-2 274
38 132
49 807

Estimated living cost  is ₴9281 per week

₴6802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴194
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴78289
₴77561
₴81749
₴65314
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
86 500
microenterprise

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

-
-
-
865
total
-
-
-
865
Employee
4 857
-
86 500
-
income
971
-
17 300
-
total
971
-
17 300
-
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%.

81 643
86 500
-
-
total
-
-
-
-
Dividends
81 643
86 500
-
-
withholding
4 082
4 325
-
-
total
4 082
4 325
-
-
Income
86 500
86 500
86 500
86 500
Total tax
5 053
4 325
17 300
865
After tax
81 447
82 175
69 200
85 635
Living cost
3 886
3 886
3 886
3 886
Free-cash
77 561
78 289
65 314
81 749

Estimated living cost  is ₴3886 per week

₴2408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴107
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1048
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52203
₴49327
₴39225
₴38490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
14 455
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.

-
-
-
15 545
other
-
-
-
3 076
health
-
-
-
2 850
total
-
-
-
35 926
Employee
15 465
-
70 136
-
health
217
-
907
-
income
2 662
-
14 209
-
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.

1 082
-
4 534
-
unemployment
154
-
647
-
total
4 115
-
20 297
-
Employer
15 465
-
70 136
-
accident
124
-
561
-
other
774
-
3 238
-
unemployment
154
-
647
-
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.

2 629
-
11 011
-
health
217
-
907
-
total
3 898
-
16 364
-
Corporate
67 138
86 500
-
-
income
14 099
18 165
-
-
total
14 099
18 165
-
-
Dividends
53 039
68 335
-
-
withholding
3 712
4 783
-
-
total
3 712
4 783
-
-
Income
86 500
86 500
86 500
86 500
Total tax
25 824
22 948
36 661
35 926
After tax
60 676
63 552
49 839
50 574
Living cost
11 349
11 349
11 349
11 349
Free-cash
49 327
52 203
38 490
39 225

Estimated living cost  is ₴11349 per week

₴8019
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴183
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2381
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26715
₴30167
₴27807
₴20036
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
25 869
pensions
-
-
-
4 082
total
-
-
-
29 951
Employee
40 665
-
75 462
-
health
670
-
1 052
-
income
7 330
-
20 689
-
pensions
3 923
-
4 943
-
total
11 923
-
26 684
-
Employer
40 665
-
75 462
-
pensions
4 801
-
9 604
-
health
772
-
1 434
-
total
5 573
-
11 038
-
Corporate
40 261
86 500
-
-
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.

7 649
16 435
-
-
total
7 649
16 435
-
-
Dividends
32 612
70 065
-
-
withholding
2 446
14 608
-
-
total
2 446
14 608
-
-
Income
86 500
86 500
86 500
86 500
Total tax
27 591
31 043
37 722
29 951
After tax
58 909
55 457
48 778
56 549
Living cost
28 742
28 742
28 742
28 742
Free-cash
30 167
26 715
20 036
27 807

Estimated living cost  is ₴28742 per week

₴21537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴68370
₴66392
₴63963
₴67479
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
12 975
pensions

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

-
-
-
2 203
unemployment
-
-
-
60
health
-
-
-
1 712
total
-
-
-
16 950
Employee
7 398
-
83 580
-
health
340
-
685
-
accident

We are using the highest rate at 1.1%.

81
-
164
-
income
740
-
8 358
-
pensions

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

650
-
1 307
-
total
1 811
-
10 514
-
Employer
7 398
-
83 580
-
accident

We are using the highest rate at 1.1%.

81
-
164
-
unemployment
44
-
89
-
pensions

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

815
-
1 640
-
health
511
-
1 027
-
total
1 451
-
2 920
-
Corporate
77 651
86 500
-
-
income
7 765
8 650
-
-
total
7 765
8 650
-
-
Dividends
69 886
77 850
-
-
withholding
3 494
3 893
-
-
total
3 494
3 893
-
-
Income
86 500
86 500
86 500
86 500
Total tax
14 521
12 543
13 434
16 950
After tax
71 979
73 957
73 066
69 550
Living cost
5 587
5 587
5 587
5 587
Free-cash
66 392
68 370
67 479
63 963

Estimated living cost  is ₴5587 per week

₴3262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴148
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1778
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19378
₴20450
₴23339
₴31670
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
29 301
pensions
-
-
-
4 990
health
-
-
-
5 252
total
-
-
-
39 543
Employee
39 489
36 372
78 585
-
health
4 926
4 749
5 252
-
income

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

5 954
5 954
13 054
-
pensions
4 990
4 990
4 990
-
total
15 870
15 693
23 296
-
Employer
39 489
36 372
78 585
-
unemployment
1 422
1 309
1 627
-
pensions
2 748
2 532
3 147
-
health
2 744
2 528
3 142
-
total
6 914
6 369
7 916
-
Corporate
40 097
43 758
-
-
income
8 020
8 752
-
-
total
8 020
8 752
-
-
Dividends
32 078
35 006
-
-
income
6 816
7 439
-
-
withholding
4 812
5 251
-
-
total
11 628
12 690
-
-
Income
86 500
86 500
86 500
86 500
Total tax
42 432
43 504
31 212
39 543
After tax
44 068
42 996
55 288
46 957
Living cost
23 618
23 618
23 618
23 618
Free-cash
20 450
19 378
31 670
23 339

Estimated living cost  is ₴23618 per week

₴17422
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2110
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3816
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49344
₴45702
₴40212
₴36516
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
9 019
health
-
-
-
11 678
solidarity contribution
-
-
-
687
social contributions
-
-
-
14 693
total
-
-
-
36 077
Employee
15 016
-
67 817
-
social contributions
976
-
3 271
-
health
2 027
-
9 155
-
solidarity contribution
-
-
355
-
income
1 802
-
8 309
-
total
4 805
-
21 090
-
Employer
15 016
-
67 817
-
social contributions
3 754
-
12 579
-
health
1 351
-
6 104
-
total
5 105
-
18 683
-
Corporate
66 379
86 500
-
-
income
12 612
16 435
-
-
total
12 612
16 435
-
-
Dividends
53 767
70 065
-
-
withholding
8 065
10 510
-
-
total
8 065
10 510
-
-
Income
86 500
86 500
86 500
86 500
Total tax
30 587
26 945
39 773
36 077
After tax
55 913
59 555
46 727
50 423
Living cost
10 211
10 211
10 211
10 211
Free-cash
45 702
49 344
36 516
40 212

Estimated living cost  is ₴10211 per week

₴7092
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴726
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28177
₴25955
₴23132
₴19477
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
municipal
-
-
-
521
regional
-
-
-
1 049
national
-
-
-
22 508
social contributions
-
-
-
21 317
total
-
-
-
45 395
Employee
37 854
-
86 500
-
social contributions
12 764
-
27 948
-
regional
357
-
935
-
municipal
200
-
469
-
national
6 559
-
19 698
-
total
19 880
-
49 050
-
Employer
37 854
-
86 500
-
total
-
-
-
-
Corporate
48 646
86 500
-
-
nationa
11 676
20 760
-
-
municipal
1 897
3 374
-
-
total
13 573
24 134
-
-
Dividends
35 074
62 367
-
-
withholding
9 119
16 216
-
-
total
9 119
16 216
-
-
Income
86 500
86 500
86 500
86 500
Total tax
42 572
40 350
49 050
45 395
After tax
43 928
46 150
37 450
41 105
Living cost
17 973
17 973
17 973
17 973
Free-cash
25 955
28 177
19 477
23 132

Estimated living cost  is ₴17973 per week

₴12528
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1178
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3990
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45010
₴43684
₴31382
₴28777
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
25 968
pensions
-
-
-
11 369
other
-
-
-
-
unemployment
-
-
-
97
health
-
-
-
4 036
surtax
-
-
-
4 249
total
-
-
-
45 719
Employee
14 085
-
74 534
-
other
-
-
-
-
health
360
-
1 449
-
surtax
46
-
3 739
-
income
2 361
-
23 421
-
pensions
939
-
3 792
-
unemployment
980
-
3 957
-
total
4 686
-
36 358
-
Employer
14 085
-
74 534
-
other
-
-
-
-
unemployment
446
-
1 802
-
pensions
1 878
-
7 578
-
health
641
-
2 586
-
total
2 965
-
11 966
-
Corporate
69 450
86 500
-
-
income
18 057
22 490
-
-
total
18 057
22 490
-
-
Dividends
51 393
64 010
-
-
withholding
7 709
9 601
-
-
total
7 709
9 601
-
-
Income
86 500
86 500
86 500
86 500
Total tax
33 417
32 091
48 324
45 719
After tax
53 083
54 409
38 176
40 781
Living cost
9 399
9 399
9 399
9 399
Free-cash
43 684
45 010
28 777
31 382

Estimated living cost  is ₴9399 per week

₴5747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴867
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35821
₴38660
₴36913
₴29142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
25 869
pensions
-
-
-
4 082
total
-
-
-
29 951
Employee
27 253
-
75 462
-
health
396
-
1 052
-
income
4 908
-
20 689
-
pensions
2 313
-
4 943
-
total
7 617
-
26 684
-
Employer
27 253
-
75 462
-
pensions
2 950
-
9 604
-
health
518
-
1 434
-
total
3 468
-
11 038
-
Corporate
55 780
86 500
-
-
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.

10 598
16 435
-
-
total
10 598
16 435
-
-
Dividends
45 181
70 065
-
-
withholding
6 521
14 608
-
-
total
6 521
14 608
-
-
Income
86 500
86 500
86 500
86 500
Total tax
28 204
31 043
37 722
29 951
After tax
58 296
55 457
48 778
56 549
Living cost
19 636
19 636
19 636
19 636
Free-cash
38 660
35 821
29 142
36 913

Estimated living cost  is ₴19636 per week

₴14711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴7098
₴20984
₴36657
₴33144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
city
-
-
-
912
pensions
-
-
-
7 958
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.

-
-
-
1 730
regional
-
-
-
4 642
health
-
-
-
194
national
-
-
-
1 950
total
-
-
-
17 386
Employee
37 983
-
77 645
-
city
408
-
837
-
regional
1 244
-
4 076
-
health
86
-
175
-
pensions
3 191
-
6 273
-
unemployment
-
-
-
-
national
180
-
1 537
-
total
5 109
-
12 898
-
Employer
37 983
-
77 645
-
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.

759
-
1 553
-
unemployment
-
-
-
-
pensions
3 191
-
6 273
-
health
86
-
175
-
total
4 036
-
8 001
-
Corporate
44 063
86 500
-
-
regional
9 320
18 294
-
-
national
3 745
7 352
-
-
total
13 065
25 646
-
-
Dividends
30 998
60 853
-
-
withholding
10 849
21 299
-
-
total
10 849
21 299
-
-
Income
86 500
86 500
86 500
86 500
Total tax
33 059
46 945
20 899
17 386
After tax
53 441
39 555
65 601
69 114
Living cost
32 457
32 457
32 457
32 457
Free-cash
20 984
7 098
33 144
36 657

Estimated living cost  is ₴32457 per week

₴21106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2913
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴23206
₴30113
₴23087
₴34526
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
86 500
trade
-
-
-
11 439
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.

-
-
-
28 011
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.

-
-
-
2 910
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.

-
-
-
1 541
total
-
-
-
43 901
Employee

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

25 597
-
86 500
-
health

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

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

2 910
-
2 910
-
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.

166
-
1 541
-
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.

3 010
-
28 011
-
total
6 086
-
32 462
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 903
86 500
-
-
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.

503
714
-
-
income
9 135
12 975
-
-
trade
10 445
14 835
-
-
chamber of commerce
150
187
-
-
total
20 233
28 711
-
-
Dividends
40 670
57 789
-
-
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
786
-
-
withholding
10 006
14 285
-
-
total
10 556
15 071
-
-
Income
86 500
86 500
86 500
86 500
Total tax
36 875
43 782
32 462
43 901
After tax
49 625
42 718
54 038
42 599
Living cost
19 512
19 512
19 512
19 512
Free-cash
30 113
23 206
34 526
23 087

Estimated living cost  is ₴19512 per week

₴14251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3447
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29024
₴31539
₴33570
₴31628
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
14 866
pensions
-
-
-
14 330
other
-
-
-
2 682
health
-
-
-
4 016
surtax
-
-
-
-
social contributions
-
-
-
2 464
total
-
-
-
38 358
Employee
18 229
-
66 386
-
social contributions
520
-
1 891
-
surtax
-
-
-
-
income
1 076
-
13 448
-
pensions
2 061
-
4 848
-
total
3 657
-
20 187
-
Employer
18 229
-
66 386
-
other
629
-
2 689
-
social contributions
55
-
199
-
unemployment
738
-
2 688
-
pensions
2 995
-
8 120
-
health
1 276
-
6 417
-
total
5 693
-
20 113
-
Corporate
62 578
86 500
-
-
surtax
-
-
-
-
income
17 522
24 220
-
-
total
17 522
24 220
-
-
Dividends
45 057
62 280
-
-
surtax
-
-
-
-
social contributions
7 750
10 712
-
-
withholding
5 767
7 972
-
-
total
13 517
18 684
-
-
Income
86 500
86 500
86 500
86 500
Total tax
40 389
42 904
40 300
38 358
After tax
46 111
43 596
46 200
48 142
Living cost
14 572
14 572
14 572
14 572
Free-cash
31 539
29 024
31 628
33 570

Estimated living cost  is ₴14572 per week

₴9188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3952
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30467
₴32834
₴35013
₴33071
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
14 866
pensions
-
-
-
14 330
other
-
-
-
2 682
health
-
-
-
4 016
surtax
-
-
-
-
social contributions
-
-
-
2 464
total
-
-
-
38 358
Employee
16 272
-
66 386
-
social contributions
464
-
1 891
-
surtax
-
-
-
-
income
839
-
13 448
-
pensions
1 840
-
4 848
-
total
3 143
-
20 187
-
Employer
16 272
-
66 386
-
other
562
-
2 689
-
social contributions
48
-
199
-
unemployment
659
-
2 688
-
pensions
2 674
-
8 120
-
health
1 139
-
6 417
-
total
5 082
-
20 113
-
Corporate
65 146
86 500
-
-
surtax
-
-
-
-
income
18 241
24 220
-
-
total
18 241
24 220
-
-
Dividends
46 905
62 280
-
-
surtax
-
-
-
-
social contributions
8 067
10 712
-
-
withholding
6 004
7 972
-
-
total
14 071
18 684
-
-
Income
86 500
86 500
86 500
86 500
Total tax
40 537
42 904
40 300
38 358
After tax
45 963
43 596
46 200
48 142
Living cost
13 129
13 129
13 129
13 129
Free-cash
32 834
30 467
33 071
35 013

Estimated living cost  is ₴13129 per week

₴7614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3932
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43741
₴43961
₴46518
₴44397
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
12 975
health
-
-
-
6 038
social contributions
-
-
-
11 937
total
-
-
-
30 950
Employee
14 441
-
86 500
-
social contributions
1 993
-
11 937
-
health
1 008
-
6 038
-
income
2 409
-
15 096
-
total
5 410
-
33 071
-
Employer
14 441
-
86 500
-
total
-
-
-
-
Corporate
72 059
86 500
-
-
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%.

3 603
4 325
-
-
total
3 603
4 325
-
-
Dividends
68 455
82 175
-
-
health
4 779
5 736
-
-
social contributions
9 447
11 340
-
-
withholding
10 268
12 326
-
-
total
24 494
29 402
-
-
Income
86 500
86 500
86 500
86 500
Total tax
33 507
33 727
33 071
30 950
After tax
52 993
52 773
53 429
55 550
Living cost
9 032
9 032
9 032
9 032
Free-cash
43 961
43 741
44 397
46 518

Estimated living cost  is ₴9032 per week

₴6044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴557
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.
₴2222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32741
₴32083
₴29421
₴7767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
chamber of commerce
-
-
-
346
income
-
-
-
26 018
pensions
-
-
-
9 205
unemployment
-
-
-
2 612
health
-
-
-
3 806
surtax
-
-
-
84
total
-
-
-
42 071
Employee
21 286
16 974
70 576
-
other
213
170
498
-
health
824
657
1 925
-
income
2 423
1 252
21 549
-
pensions
2 180
1 738
5 095
-
unemployment
639
509
1 493
-
total
6 279
4 326
30 560
-
Employer
21 286
16 974
70 576
-
accident
276
221
647
-
other
1 011
806
3 175
-
chamber of commerce
85
68
282
-
unemployment
639
509
1 493
-
surtax
84
84
84
-
pensions
2 671
2 131
6 245
-
payroll
639
509
2 118
-
health
804
642
1 881
-
total
6 209
4 970
15 925
-
Corporate
59 005
64 557
68 960
-
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.

14 751
16 140
17 240
-
total
14 751
16 140
17 240
-
Dividends
44 254
48 417
-
-
withholding
12 170
13 315
-
-
total
12 170
13 315
-
-
Income
86 500
86 500
86 500
86 500
Total tax
39 409
38 751
63 725
42 071
After tax
47 091
47 749
22 775
44 429
Living cost
15 008
15 008
15 008
15 008
Free-cash
32 083
32 741
7 767
29 421

Estimated living cost  is ₴15008 per week

₴10010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1280
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.
₴3472
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32459
₴26434
₴22045
₴14283
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
national
-
-
-
33 753
communal

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

-
-
-
4 553
social contributions
-
-
-
10 619
total
-
-
-
48 925
Employee

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

30 467
-
66 996
-
communal

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

1 589
-
3 494
-
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.

1 431
-
3 149
-
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.

2 285
-
5 025
-
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.

265
-
583
-
national
9 367
-
24 932
-
total
14 937
-
37 183
-
Employer

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

30 467
-
66 996
-
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.

396
-
871
-
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.

445
-
978
-
surtax
3 455
-
7 598
-
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.

2 700
-
5 936
-
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.

1 874
-
4 121
-
total
8 870
-
19 504
-
Corporate
47 165
86 500
-
-
surtax
188
356
-
-
income
9 433
17 810
-
-
total
9 621
18 166
-
-
Dividends
37 543
68 333
-
-
withholding

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

11 108
20 345
-
-
total
11 108
20 345
-
-
Income
86 500
86 500
86 500
86 500
Total tax
44 536
38 511
56 687
48 925
After tax
41 964
47 989
29 813
37 575
Living cost
15 530
15 530
15 530
15 530
Free-cash
26 434
32 459
14 283
22 045

Estimated living cost  is ₴15530 per week

₴10003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3926
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42138
₴39221
₴33033
₴31245
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
accident
-
-
-
356
income
-
-
-
26 241
pensions
-
-
-
11 172
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
38 085
Employee
21 202
-
73 914
-
other
21
-
40
-
income
4 473
-
24 779
-
pensions
997
-
1 856
-
unemployment
329
-
612
-
total
5 820
-
27 287
-
Employer
21 202
-
73 914
-
accident
419
-
782
-
other
169
-
316
-
unemployment
1 166
-
2 171
-
pensions
5 003
-
9 317
-
total
6 757
-
12 586
-
Corporate
58 540
86 500
-
-
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.

8 781
12 975
-
-
total
8 781
12 975
-
-
Dividends
49 759
73 525
-
-
withholding
10 539
16 005
-
-
total
10 539
16 005
-
-
Income
86 500
86 500
86 500
86 500
Total tax
31 897
28 980
39 873
38 085
After tax
54 603
57 520
46 627
48 415
Living cost
15 382
15 382
15 382
15 382
Free-cash
39 221
42 138
31 245
33 033

Estimated living cost  is ₴15382 per week

₴11327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1091
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Barcelona model

Close
Luxembourg , Luxembourg
₴26563
₴20798
₴18335
₴21783
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
accident
-
-
-
729
income
-
-
-
15 491
pensions
-
-
-
12 966
health
-
-
-
6 077
surtax
-
-
-
4 288
communal
-
-
-
5 467
total
-
-
-
45 018
Employee
32 255
-
77 266
-
health
1 435
-
3 438
-
surtax
1 977
-
4 735
-
income
3 116
-
17 981
-
pensions
2 580
-
6 182
-
total
9 108
-
32 336
-
Employer
32 255
-
77 266
-
accident
290
-
695
-
pensions
2 580
-
6 182
-
health
984
-
2 357
-
total
3 854
-
9 234
-
Corporate
50 391
86 500
-
-
surtax
529
909
-
-
communal
3 401
5 839
-
-
income
7 559
12 975
-
-
total
11 489
19 723
-
-
Dividends
38 902
66 777
-
-
income
12 269
7 050
-
-
withholding
5 835
10 017
-
-
total
18 104
17 067
-
-
Income
86 500
86 500
86 500
86 500
Total tax
42 555
36 790
41 570
45 018
After tax
43 945
49 710
44 930
41 482
Living cost
23 147
23 147
23 147
23 147
Free-cash
20 798
26 563
21 783
18 335

Estimated living cost  is ₴23147 per week

₴17363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1402
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.
₴4135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44842
₴43487
₴31214
₴28609
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
25 968
pensions
-
-
-
11 369
other
-
-
-
-
unemployment
-
-
-
97
health
-
-
-
4 036
surtax
-
-
-
4 249
total
-
-
-
45 719
Employee
14 344
-
74 534
-
other
-
-
-
-
health
366
-
1 449
-
surtax
51
-
3 739
-
income
2 405
-
23 421
-
pensions
957
-
3 792
-
unemployment
998
-
3 957
-
total
4 777
-
36 358
-
Employer
14 344
-
74 534
-
other
-
-
-
-
unemployment
455
-
1 802
-
pensions
1 912
-
7 578
-
health
652
-
2 586
-
total
3 019
-
11 966
-
Corporate
69 137
86 500
-
-
income
17 975
22 490
-
-
total
17 975
22 490
-
-
Dividends
51 161
64 010
-
-
withholding
7 675
9 601
-
-
total
7 675
9 601
-
-
Income
86 500
86 500
86 500
86 500
Total tax
33 446
32 091
48 324
45 719
After tax
53 054
54 409
38 176
40 781
Living cost
9 567
9 567
9 567
9 567
Free-cash
43 487
44 842
28 609
31 214

Estimated living cost  is ₴9567 per week

₴5776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴832
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2738
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33992
₴33046
₴29356
₴25722
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
municipal
-
-
-
521
regional
-
-
-
1 324
national
-
-
-
22 508
social contributions
-
-
-
21 317
total
-
-
-
45 670
Employee
23 627
-
86 500
-
social contributions
7 967
-
27 948
-
regional
318
-
1 189
-
municipal
125
-
469
-
national
3 743
-
19 698
-
total
12 153
-
49 304
-
Employer
23 627
-
86 500
-
total
-
-
-
-
Corporate
62 873
86 500
-
-
nationa
15 090
20 760
-
-
municipal
3 125
4 299
-
-
total
18 215
25 059
-
-
Dividends
44 659
61 441
-
-
withholding
11 612
15 975
-
-
total
11 612
15 975
-
-
Income
86 500
86 500
86 500
86 500
Total tax
41 980
41 034
49 304
45 670
After tax
44 520
45 466
37 196
40 830
Living cost
11 474
11 474
11 474
11 474
Free-cash
33 046
33 992
25 722
29 356

Estimated living cost  is ₴11474 per week

₴7135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1162
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and 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

Source of data for Naples model

Close
Prague , Czech Republic
₴46973
₴42485
₴37841
₴34145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
9 019
health
-
-
-
11 678
solidarity contribution
-
-
-
687
social contributions
-
-
-
14 693
total
-
-
-
36 077
Employee
18 503
-
67 817
-
social contributions
1 203
-
3 271
-
health
2 498
-
9 155
-
solidarity contribution
-
-
355
-
income
2 220
-
8 309
-
total
5 921
-
21 090
-
Employer
18 503
-
67 817
-
social contributions
4 626
-
12 579
-
health
1 665
-
6 104
-
total
6 291
-
18 683
-
Corporate
61 706
86 500
-
-
income
11 724
16 435
-
-
total
11 724
16 435
-
-
Dividends
49 982
70 065
-
-
withholding
7 497
10 510
-
-
total
7 497
10 510
-
-
Income
86 500
86 500
86 500
86 500
Total tax
31 433
26 945
39 773
36 077
After tax
55 067
59 555
46 727
50 423
Living cost
12 582
12 582
12 582
12 582
Free-cash
42 485
46 973
34 145
37 841

Estimated living cost  is ₴12582 per week

₴9357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2311
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34206
₴33995
₴30924
₴9207
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
chamber of commerce
-
-
-
346
income
-
-
-
26 018
pensions
-
-
-
9 205
unemployment
-
-
-
2 612
health
-
-
-
3 806
surtax
-
-
-
-
total
-
-
-
41 987
Employee
18 618
16 974
70 655
-
other
186
170
498
-
health
720
657
1 925
-
income
1 659
1 252
21 587
-
pensions
1 907
1 738
5 095
-
unemployment
559
509
1 493
-
total
5 031
4 326
30 598
-
Employer
18 618
16 974
70 655
-
accident
242
221
647
-
other
884
806
3 178
-
chamber of commerce
74
68
283
-
unemployment
559
509
1 493
-
surtax
-
-
-
-
pensions
2 337
2 131
6 245
-
payroll
559
509
2 119
-
health
704
642
1 881
-
total
5 359
4 886
15 846
-
Corporate
62 524
64 641
69 038
-
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.

15 631
16 161
17 260
-
total
15 631
16 161
17 260
-
Dividends
46 892
48 480
-
-
withholding
12 895
13 332
-
-
total
12 895
13 332
-
-
Income
86 500
86 500
86 500
86 500
Total tax
38 916
38 705
63 704
41 987
After tax
47 584
47 795
22 796
44 513
Living cost
13 589
13 589
13 589
13 589
Free-cash
33 995
34 206
9 207
30 924

Estimated living cost  is ₴13589 per week

₴8151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1388
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴76119
₴74983
₴79579
₴63144
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
86 500
microenterprise

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

-
-
-
865
total
-
-
-
865
Employee
7 570
-
86 500
-
income
1 514
-
17 300
-
total
1 514
-
17 300
-
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%.

78 930
86 500
-
-
total
-
-
-
-
Dividends
78 930
86 500
-
-
withholding
3 947
4 325
-
-
total
3 947
4 325
-
-
Income
86 500
86 500
86 500
86 500
Total tax
5 461
4 325
17 300
865
After tax
81 039
82 175
69 200
85 635
Living cost
6 056
6 056
6 056
6 056
Free-cash
74 983
76 119
63 144
79 579

Estimated living cost  is ₴6056 per week

₴4098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴254
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.
₴1500
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48131
₴44569
₴29718
₴27841
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
86 500
income
-
-
-
20 919
pensions
-
-
-
15 797
unemployment
-
-
-
130
health
-
-
-
8 512
total
-
-
-
45 358
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.

18 835
-
74 845
-
health
1 216
-
4 835
-
income
3 248
-
19 040
-
pensions
2 919
-
11 601
-
unemployment
27
-
105
-
total
7 410
-
35 581
-
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.

18 835
-
74 845
-
unemployment
11
-
45
-
pensions
1 667
-
6 624
-
health
1 254
-
4 985
-
total
2 932
-
11 654
-
Corporate
64 733
86 500
-
-
income
12 300
16 435
-
-
total
12 300
16 435
-
-
Dividends
52 434
70 065
-
-
withholding
7 865
10 510
-
-
total
7 865
10 510
-
-
Income
86 500
86 500
86 500
86 500
Total tax
30 507
26 945
47 235
45 358
After tax
55 993
59 555
39 265
41 142
Living cost
11 424
11 424
11 424
11 424
Free-cash
44 569
48 131
27 841
29 718

Estimated living cost  is ₴11424 per week

₴7840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴732
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2631
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34157
₴13795
₴41308
₴62399
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
16 861
social contributions
-
-
-
9 861
total
-
-
-
26 722
Employee
26 483
-
-
-
social contributions
2 172
-
309
-
income
5 842
-
-
-
total
8 014
-
309
-
Employer
26 483
-
-
-
social contributions
37 341
-
5 322
-
total
37 341
-
5 322
-
Corporate
22 676
86 500
-
-
income
4 989
19 030
-
-
total
4 989
19 030
-
-
Dividends
17 687
67 470
-
-
income
3 891
14 843
-
-
total
3 891
14 843
-
-
Income
86 500
86 500
86 500
86 500
Total tax
54 235
33 873
5 631
26 722
After tax
32 265
52 627
80 869
59 778
Living cost
18 470
18 470
18 470
18 470
Free-cash
13 795
34 157
62 399
41 308

Estimated living cost  is ₴18470 per week

₴11984
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1737
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.
₴4513
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35842
₴35412
₴32229
₴25670
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
86 500
income
-
-
-
10 852
surtax
-
-
-
-
social contributions

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

-
-
-
30 059
total
-
-
-
40 911
Employee
19 589
-
69 899
-
social contributions
2 155
-
7 689
-
surtax
-
-
-
-
income
4 075
-
23 180
-
total
6 230
-
30 869
-
Employer
19 589
-
69 899
-
social contributions
4 652
-
16 601
-
total
4 652
-
16 601
-
Corporate
62 258
86 500
-
-
surtax
-
-
-
-
income
13 075
18 165
-
-
total
13 075
18 165
-
-
Dividends
49 184
68 335
-
-
withholding
13 771
19 133
-
-
total
13 771
19 133
-
-
Income
86 500
86 500
86 500
86 500
Total tax
37 728
37 298
47 470
40 911
After tax
48 772
49 202
39 030
45 589
Living cost
13 360
13 360
13 360
13 360
Free-cash
35 412
35 842
25 670
32 229

Estimated living cost  is ₴13360 per week

₴9996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴788
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23024
₴25952
₴27570
₴25628
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
14 866
pensions
-
-
-
14 330
other
-
-
-
2 682
health
-
-
-
4 016
surtax
-
-
-
-
social contributions
-
-
-
2 464
total
-
-
-
38 358
Employee
26 677
-
66 386
-
social contributions
760
-
1 891
-
surtax
-
-
-
-
income
2 328
-
13 448
-
pensions
3 017
-
4 848
-
total
6 105
-
20 187
-
Employer
26 677
-
66 386
-
other
921
-
2 689
-
social contributions
80
-
199
-
unemployment
1 081
-
2 688
-
pensions
4 383
-
8 120
-
health
1 867
-
6 417
-
total
8 332
-
20 113
-
Corporate
51 492
86 500
-
-
surtax
-
-
-
-
income
14 418
24 220
-
-
total
14 418
24 220
-
-
Dividends
37 074
62 280
-
-
surtax
-
-
-
-
social contributions
6 376
10 712
-
-
withholding
4 745
7 972
-
-
total
11 121
18 684
-
-
Income
86 500
86 500
86 500
86 500
Total tax
39 976
42 904
40 300
38 358
After tax
46 524
43 596
46 200
48 142
Living cost
20 572
20 572
20 572
20 572
Free-cash
25 952
23 024
25 628
27 570

Estimated living cost  is ₴20572 per week

₴13923
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1683
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.
₴4684
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65047
₴63616
₴50507
₴52805
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
4 160
social contributions
-
-
-
19 030
total
-
-
-
23 190
Employee
13 693
-
74 892
-
income
-
-
4 416
-
social contributions
890
-
4 868
-
total
890
-
9 284
-
Employer
13 693
-
74 892
-
social contributions
2 123
-
11 608
-
total
2 123
-
11 608
-
Corporate
70 684
86 500
-
-
income
7 068
8 650
-
-
total
7 068
8 650
-
-
Dividends
63 616
77 850
-
-
total
-
-
-
-
Income
86 500
86 500
86 500
86 500
Total tax
10 081
8 650
20 892
23 190
After tax
76 419
77 850
65 608
63 310
Living cost
12 803
12 803
12 803
12 803
Free-cash
63 616
65 047
52 805
50 507

Estimated living cost  is ₴12803 per week

₴8278
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.
₴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.
₴3319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6301
-₴6301
₴29840
-₴6301
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
municipal
-
-
-
18 359
pensions
-
-
-
369
national
-
-
-
10 528
labour market
-
-
-
6 891
total
-
-
-
36 147
Employee
86 581
86 581
86 581
-
labour market
6 917
6 917
6 917
-
national
10 577
10 577
10 577
-
municipal
18 437
18 437
18 437
-
pensions
123
123
123
-
total
36 054
36 054
36 054
-
Employer
86 581
86 581
86 581
-
labour market
6 926
6 926
6 926
-
municipal
18 466
18 466
18 466
-
pensions
246
246
246
-
national
10 596
10 596
10 596
-
total
36 234
36 234
36 234
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
86 500
86 500
86 500
86 500
Total tax
72 288
72 288
72 288
36 147
After tax
14 212
14 212
14 212
50 353
Living cost
20 513
20 513
20 513
20 513
Free-cash
-6 301
-6 301
-6 301
29 840

Estimated living cost  is ₴20513 per week

₴14039
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1815
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2137
₴5605
₴49944
₴38269
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
accident
-
-
-
107
income
-
-
-
24 474
pensions
-
-
-
1 755
other
-
-
-
156
health
-
-
-
920
total
-
-
-
27 412
Employee
14 385
-
78 613
-
health
1 647
-
9 001
-
income
1 973
-
18 980
-
pensions
1 620
-
3 219
-
total
5 240
-
31 200
-
Employer
14 385
-
78 613
-
accident
240
-
1 313
-
unemployment
352
-
1 926
-
pensions
2 339
-
4 648
-
total
2 931
-
7 887
-
Corporate
69 184
86 500
-
-
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.

62 265
77 850
-
-
total
62 265
77 850
-
-
Dividends
6 918
8 650
-
-
withholding
1 315
1 643
-
-
total
1 315
1 643
-
-
Income
86 500
86 500
86 500
86 500
Total tax
71 751
79 493
39 087
27 412
After tax
14 749
7 007
47 413
59 088
Living cost
9 144
9 144
9 144
9 144
Free-cash
5 605
-2 137
38 269
49 944

Estimated living cost  is ₴9144 per week

₴6656
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
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.
₴1795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37138
₴38455
₴37773
₴27865
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
86 500
municipal
-
-
-
15 362
health
-
-
-
1 154
national
-
-
-
15 859
total
-
-
-
32 375
Employee
22 409
-
72 769
-
health
167
-
943
-
municipal
3 670
-
11 848
-
pensions
1 512
-
4 912
-
unemployment
336
-
1 091
-
national
370
-
9 758
-
total
6 055
-
28 552
-
Employer
22 409
-
72 769
-
accident
23
-
73
-
unemployment
145
-
473
-
pensions
3 888
-
12 625
-
health
172
-
560
-
total
4 228
-
13 731
-
Corporate
59 863
86 500
-
-
income
11 973
17 300
-
-
total
11 973
17 300
-
-
Dividends

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

35 918
51 900
-
-
national
2 972
6 368
-
-
municipal
6 465
9 342
-
-
total
9 437
15 710
-
-
Income
86 500
86 500
86 500
86 500
Total tax
31 693
33 010
42 283
32 375
After tax
54 807
53 490
44 217
54 125
Living cost
16 352
16 352
16 352
16 352
Free-cash
38 455
37 138
27 865
37 773

Estimated living cost  is ₴16352 per week

₴10681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53204
₴50886
₴48687
₴47958
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
18 855
health
-
-
-
2 206
social contributions
-
-
-
6 891
total
-
-
-
27 952
Employee
32 752
32 752
81 329
-
social contributions
1 238
2 718
3 666
-
health
254
557
1 383
-
income
3 566
3 032
18 462
-
total
5 058
6 307
23 511
-
Employer
32 752
32 752
81 329
-
social contributions
1 238
2 718
3 666
-
health
276
606
1 504
-
total
1 514
3 324
5 170
-
Corporate
70 067
50 424
-
-
income
8 758
6 303
-
-
total
8 758
6 303
-
-
Dividends
61 308
44 121
-
-
withholding
10 423
7 501
-
-
total
10 423
7 501
-
-
Income
86 500
86 500
86 500
86 500
Total tax
25 753
23 435
28 681
27 952
After tax
60 747
63 065
57 819
58 548
Living cost
9 861
9 861
9 861
9 861
Free-cash
50 886
53 204
47 958
48 687

Estimated living cost  is ₴9861 per week

₴5910
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴968
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64868
₴62703
₴66580
₴58036
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
86 500
income
-
-
-
8 896
pensions
-
-
-
2 709
unemployment
-
-
-
12
health
-
-
-
1 541
total
-
-
-
13 158
Employee

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

9 776
-
82 337
-
health
831
-
3 435
-
income
668
-
7 840
-
pensions
1 466
-
6 062
-
unemployment
48
-
202
-
total
3 013
-
17 539
-
Employer

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

9 776
-
82 337
-
unemployment
48
-
202
-
pensions
538
-
2 223
-
health
420
-
1 738
-
total
1 006
-
4 163
-
Corporate
75 717
86 500
-
-
income
6 815
7 785
-
-
total
6 815
7 785
-
-
Dividends
68 903
78 715
-
-
withholding
6 201
7 085
-
-
total
6 201
7 085
-
-
Income
86 500
86 500
86 500
86 500
Total tax
17 035
14 870
21 702
13 158
After tax
69 465
71 630
64 798
73 342
Living cost
6 762
6 762
6 762
6 762
Free-cash
62 703
64 868
58 036
66 580

Estimated living cost  is ₴6762 per week

₴4315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45808
₴43929
₴36703
₴34915
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
accident
-
-
-
356
income
-
-
-
26 241
pensions
-
-
-
11 172
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
38 085
Employee
15 749
-
73 914
-
other
15
-
40
-
income
3 036
-
24 779
-
pensions
740
-
1 856
-
unemployment
244
-
612
-
total
4 035
-
27 287
-
Employer
15 749
-
73 914
-
accident
312
-
782
-
other
126
-
316
-
unemployment
866
-
2 171
-
pensions
3 716
-
9 317
-
total
5 020
-
12 586
-
Corporate
65 730
86 500
-
-
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.

9 859
12 975
-
-
total
9 859
12 975
-
-
Dividends
55 871
73 525
-
-
withholding
11 945
16 005
-
-
total
11 945
16 005
-
-
Income
86 500
86 500
86 500
86 500
Total tax
30 859
28 980
39 873
38 085
After tax
55 641
57 520
46 627
48 415
Living cost
11 712
11 712
11 712
11 712
Free-cash
43 929
45 808
34 915
36 703

Estimated living cost  is ₴11712 per week

₴7906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1126
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2476
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52806
₴52613
₴54368
₴54286
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
29 490
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
30 962
Employee
1 782
-
85 540
-
health
89
-
213
-
income
345
-
29 445
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
30 085
-
Employer
1 782
-
85 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
84 318
86 500
-
-
income
18 550
19 030
-
-
total
18 550
19 030
-
-
Dividends
65 768
67 470
-
-
withholding
13 154
13 494
-
-
total
13 154
13 494
-
-
Income
86 500
86 500
86 500
86 500
Total tax
32 717
32 524
31 044
30 962
After tax
53 783
53 976
55 456
55 538
Living cost
1 170
1 170
1 170
1 170
Free-cash
52 613
52 806
54 286
54 368

Estimated living cost  is ₴1170 per week

₴695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55127
₴53032
₴47382
₴47382
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
86 500
income
-
-
-
19 845
pensions
-
-
-
8 188
unemployment
-
-
-
472
health
-
-
-
3 244
total
-
-
-
31 749
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.

11 112
-
80 863
-
health
572
-
1 622
-
income
1 532
-
19 845
-
pensions
1 556
-
4 409
-
unemployment
83
-
236
-
total
3 743
-
26 112
-
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.

11 112
-
80 863
-
unemployment
83
-
236
-
pensions
1 333
-
3 779
-
health
572
-
1 622
-
total
1 988
-
5 637
-
Corporate
73 399
86 500
-
-
income
11 010
12 975
-
-
total
11 010
12 975
-
-
Dividends
62 389
73 525
-
-
withholding
9 358
11 029
-
-
total
9 358
11 029
-
-
Income
86 500
86 500
86 500
86 500
Total tax
26 099
24 004
31 749
31 749
After tax
60 401
62 496
54 751
54 751
Living cost
7 369
7 369
7 369
7 369
Free-cash
53 032
55 127
47 382
47 382

Estimated living cost  is ₴7369 per week

₴4962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37719
₴37564
₴34106
₴27547
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
86 500
income
-
-
-
10 852
surtax
-
-
-
-
social contributions

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

-
-
-
30 059
total
-
-
-
40 911
Employee
16 531
-
69 899
-
social contributions
1 819
-
7 689
-
surtax
-
-
-
-
income
3 230
-
23 180
-
total
5 049
-
30 869
-
Employer
16 531
-
69 899
-
social contributions
3 926
-
16 601
-
total
3 926
-
16 601
-
Corporate
66 043
86 500
-
-
surtax
-
-
-
-
income
13 869
18 165
-
-
total
13 869
18 165
-
-
Dividends
52 174
68 335
-
-
withholding
14 609
19 133
-
-
total
14 609
19 133
-
-
Income
86 500
86 500
86 500
86 500
Total tax
37 453
37 298
47 470
40 911
After tax
49 047
49 202
39 030
45 589
Living cost
11 483
11 483
11 483
11 483
Free-cash
37 564
37 719
27 547
34 106

Estimated living cost  is ₴11483 per week

₴8133
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴798
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2349
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42551
₴39764
₴33446
₴31658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
accident
-
-
-
356
income
-
-
-
26 241
pensions
-
-
-
11 172
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
38 085
Employee
20 570
-
73 914
-
other
20
-
40
-
income
4 296
-
24 779
-
pensions
967
-
1 856
-
unemployment
318
-
612
-
total
5 601
-
27 287
-
Employer
20 570
-
73 914
-
accident
407
-
782
-
other
165
-
316
-
unemployment
1 132
-
2 171
-
pensions
4 854
-
9 317
-
total
6 558
-
12 586
-
Corporate
59 371
86 500
-
-
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.

8 906
12 975
-
-
total
8 906
12 975
-
-
Dividends
50 466
73 525
-
-
withholding
10 702
16 005
-
-
total
10 702
16 005
-
-
Income
86 500
86 500
86 500
86 500
Total tax
31 767
28 980
39 873
38 085
After tax
54 733
57 520
46 627
48 415
Living cost
14 969
14 969
14 969
14 969
Free-cash
39 764
42 551
31 658
33 446

Estimated living cost  is ₴14969 per week

₴10750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
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.
₴2844
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66627
₴64029
₴62220
₴65736
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
12 975
pensions

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

-
-
-
2 203
unemployment
-
-
-
60
health
-
-
-
1 712
total
-
-
-
16 950
Employee
9 706
-
83 580
-
health
447
-
685
-
accident

We are using the highest rate at 1.1%.

107
-
164
-
income
971
-
8 358
-
pensions

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

852
-
1 307
-
total
2 377
-
10 514
-
Employer
9 706
-
83 580
-
accident

We are using the highest rate at 1.1%.

107
-
164
-
unemployment
58
-
89
-
pensions

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

1 070
-
1 640
-
health
670
-
1 027
-
total
1 905
-
2 920
-
Corporate
74 890
86 500
-
-
income
7 489
8 650
-
-
total
7 489
8 650
-
-
Dividends
67 401
77 850
-
-
withholding
3 370
3 893
-
-
total
3 370
3 893
-
-
Income
86 500
86 500
86 500
86 500
Total tax
15 141
12 543
13 434
16 950
After tax
71 359
73 957
73 066
69 550
Living cost
7 330
7 330
7 330
7 330
Free-cash
64 029
66 627
65 736
62 220

Estimated living cost  is ₴7330 per week

₴4848
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴175
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1888
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28053
₴33626
₴28023
₴37594
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
86 500
trade
-
-
-
9 571
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.

-
-
-
28 011
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.

-
-
-
2 910
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.

-
-
-
1 541
total
-
-
-
42 033
Employee

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

21 192
-
86 500
-
health

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

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

2 910
-
2 910
-
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.

96
-
1 541
-
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.

1 743
-
28 011
-
total
4 749
-
32 462
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 308
86 500
-
-
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.

539
714
-
-
income
9 796
12 975
-
-
trade
9 372
12 413
-
-
chamber of commerce
160
192
-
-
total
19 867
26 294
-
-
Dividends
45 440
60 207
-
-
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.

616
819
-
-
withholding
11 198
14 890
-
-
total
11 814
15 709
-
-
Income
86 500
86 500
86 500
86 500
Total tax
36 430
42 003
32 462
42 033
After tax
50 070
44 497
54 038
44 467
Living cost
16 444
16 444
16 444
16 444
Free-cash
33 626
28 053
37 594
28 023

Estimated living cost  is ₴16444 per week

₴11343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1769
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.
₴3092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴36288
₴37227
₴19980
₴19980
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
27 560
social contributions
-
-
-
14 697
total
-
-
-
42 257
Employee
33 317
-
86 500
-
income
6 287
-
27 560
-
social contributions
2 768
-
14 697
-
total
9 055
-
42 257
-
Employer
33 317
-
86 500
-
total
-
-
-
-
Corporate
53 183
86 500
-
-
income
6 648
10 812
-
-
total
6 648
10 812
-
-
Dividends
46 535
75 688
-
-
withholding
9 307
15 137
-
-
total
9 307
15 137
-
-
Income
86 500
86 500
86 500
86 500
Total tax
25 010
25 949
42 257
42 257
After tax
61 490
60 551
44 243
44 243
Living cost
24 263
24 263
24 263
24 263
Free-cash
37 227
36 288
19 980
19 980

Estimated living cost  is ₴24263 per week

₴18459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38514
₴40002
₴55206
₴45342
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
86 500
income
-
-
-
12 975
health

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

-
-
-
2 858
total
-
-
-
15 833
Employee
19 539
-
84 541
-
income
2 120
-
21 779
-
social contributions
1 958
-
1 959
-
total
4 078
-
23 738
-
Employer
19 539
-
84 541
-
social contributions
1 958
-
1 959
-
total
1 958
-
1 959
-
Corporate
65 003
86 500
-
-
income
22 751
30 275
-
-
total
22 751
30 275
-
-
Dividends
42 252
56 225
-
-
social contributions
2 250
2 250
-
-
total
2 250
2 250
-
-
Income
86 500
86 500
86 500
86 500
Total tax
31 037
32 525
25 697
15 833
After tax
55 463
53 975
60 803
70 667
Living cost
15 461
15 461
15 461
15 461
Free-cash
40 002
38 514
45 342
55 206

Estimated living cost  is ₴15461 per week

₴10184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1219
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3821
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39494
₴42039
₴40586
₴32815
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
income
-
-
-
25 869
pensions
-
-
-
4 082
total
-
-
-
29 951
Employee
21 912
-
75 462
-
health
286
-
1 052
-
income
3 990
-
20 689
-
pensions
1 672
-
4 943
-
total
5 948
-
26 684
-
Employer
21 912
-
75 462
-
pensions
2 214
-
9 604
-
health
416
-
1 434
-
total
2 630
-
11 038
-
Corporate
61 958
86 500
-
-
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.

11 772
16 435
-
-
total
11 772
16 435
-
-
Dividends
50 186
70 065
-
-
withholding
8 148
14 608
-
-
total
8 148
14 608
-
-
Income
86 500
86 500
86 500
86 500
Total tax
28 498
31 043
37 722
29 951
After tax
58 002
55 457
48 778
56 549
Living cost
15 963
15 963
15 963
15 963
Free-cash
42 039
39 494
32 815
40 586

Estimated living cost  is ₴15963 per week

₴10951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴3043
₴5465
₴49038
₴37363
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
accident
-
-
-
107
income
-
-
-
24 474
pensions
-
-
-
1 755
other
-
-
-
156
health
-
-
-
920
total
-
-
-
27 412
Employee
15 809
-
78 613
-
health
1 810
-
9 001
-
income
2 169
-
18 980
-
pensions
1 780
-
3 219
-
total
5 759
-
31 200
-
Employer
15 809
-
78 613
-
accident
264
-
1 313
-
unemployment
387
-
1 926
-
pensions
2 570
-
4 648
-
total
3 221
-
7 887
-
Corporate
67 470
86 500
-
-
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.

60 723
77 850
-
-
total
60 723
77 850
-
-
Dividends
6 747
8 650
-
-
withholding
1 282
1 643
-
-
total
1 282
1 643
-
-
Income
86 500
86 500
86 500
86 500
Total tax
70 985
79 493
39 087
27 412
After tax
15 515
7 007
47 413
59 088
Living cost
10 050
10 050
10 050
10 050
Free-cash
5 465
-3 043
37 363
49 038

Estimated living cost  is ₴10050 per week

₴7375
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1886
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60422
₴65047
₴47588
₴56950
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
86 500
work injury
-
-
-
340
health insurance
-
-
-
5 039
income
-
-
-
14 436
pensions
-
-
-
12 529
unemployment
-
-
-
817
total
-
-
-
33 161
Employee

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

9 202
-
86 500
-
work injury
46
-
170
-
income
920
-
14 436
-
pensions
1 693
-
6 265
-
health insurance
681
-
2 519
-
unemployment
110
-
409
-
total
3 450
-
23 799
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
77 298
86 500
-
-
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%.

773
8 650
-
-
total
773
8 650
-
-
Dividends
76 525
77 850
-
-
withholding
11 479
11 677
-
-
total
11 479
11 677
-
-
Income
86 500
86 500
86 500
86 500
Total tax
15 702
20 327
23 799
33 161
After tax
70 798
66 173
62 701
53 339
Living cost
5 751
5 751
5 751
5 751
Free-cash
65 047
60 422
56 950
47 588

Estimated living cost  is ₴5751 per week

₴3563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴418
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28594
₴26658
₴23092
₴19550
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
86 500
municipal
-
-
-
587
regional
-
-
-
2 028
national
-
-
-
22 508
social contributions
-
-
-
21 317
total
-
-
-
46 440
Employee
35 891
-
86 500
-
social contributions
12 102
-
27 948
-
regional
542
-
1 809
-
municipal
214
-
527
-
national
6 065
-
19 698
-
total
18 923
-
49 982
-
Employer
35 891
-
86 500
-
total
-
-
-
-
Corporate
50 609
86 500
-
-
nationa
12 146
20 760
-
-
municipal
2 439
4 169
-
-
total
14 585
24 929
-
-
Dividends
36 024
61 571
-
-
withholding
9 366
16 009
-
-
total
9 366
16 009
-
-
Income
86 500
86 500
86 500
86 500
Total tax
42 874
40 938
49 982
46 440
After tax
43 626
45 562
36 518
40 060
Living cost
16 968
16 968
16 968
16 968
Free-cash
26 658
28 594
19 550
23 092

Estimated living cost  is ₴16968 per week

₴11919
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1167
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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