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
₴ 87500
per

Your estimated
City
free-cash

Dresden , Germany
₴29201
₴40588
₴30416
₴34652
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
87 500
income

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

-
-
-
27 121
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.

-
-
-
1 492
health

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

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

-
-
-
3 368
trade
-
-
-
10 172
total
-
-
-
42 153
Employee

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

18 854
-
87 500
-
surtax

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

29
-
1 492
-
income

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

527
-
27 121
-
health

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

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

3 368
-
3 368
-
total
3 924
-
31 981
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 646
87 500
-
-
income
10 297
13 125
-
-
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.

566
722
-
-
chamber of commerce
173
200
-
-
trade
10 812
13 781
-
-
total
21 848
27 828
-
-
Dividends
46 798
59 672
-
-
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.

633
810
-
-
withholding
11 512
14 730
-
-
total
12 145
15 540
-
-
Income
87 500
87 500
87 500
87 500
Total tax
37 917
43 368
31 981
42 153
After tax
49 583
44 132
55 519
45 347
Living cost
14 931
14 931
14 931
14 931
Free-cash
34 652
29 201
40 588
30 416

Estimated living cost  is ₴14931 per week

₴9392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28199
₴25983
₴25295
₴27760
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
social contributions
-
-
-
941
municipal
-
-
-
9 556
national
-
-
-
14 807
pensions
-
-
-
10 500
total
-
-
-
35 804
Employee
40 926
-
75 643
-
municipal
5 055
-
9 894
-
pensions
1 637
-
3 026
-
national
7 833
-
15 332
-
total
14 525
-
28 252
-
Employer
40 926
-
75 643
-
pensions
3 274
-
6 051
-
social contributions
440
-
813
-
total
3 714
-
6 864
-
Corporate
40 159
87 500
-
-
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%.

8 032
17 500
-
-
total
8 032
17 500
-
-
Dividends
32 127
70 000
-
-
withholding
7 068
15 400
-
-
total
7 068
15 400
-
-
Income
87 500
87 500
87 500
87 500
Total tax
33 339
32 900
35 116
35 804
After tax
54 161
54 600
52 384
51 696
Living cost
26 401
26 401
26 401
26 401
Free-cash
27 760
28 199
25 983
25 295

Estimated living cost  is ₴26401 per week

₴17944
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2454
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴395
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59745
₴26557
₴19998
₴55701
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
87 500
income
-
-
-
16 048
surtax
-
-
-
22 312
social contributions

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

-
-
-
18 887
microenterprise
-
-
-
-
total
-
-
-
57 247
Employee
14 404
-
66 079
-
surtax
-
-
9 582
-
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.

1 585
-
6 462
-
income
2 564
-
13 224
-
total
4 149
-
29 268
-
Employer
14 404
-
66 079
-
social contributions

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

3 470
-
14 152
-
surtax
-
-
7 268
-
total
3 470
-
21 420
-
Corporate
69 627
87 500
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

13 925
17 500
-
-
total
13 925
17 500
-
-
Dividends

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

55 702
70 000
-
-
total
-
-
-
-
Income
87 500
87 500
87 500
87 500
Total tax
21 544
17 500
50 688
57 247
After tax
65 956
70 000
36 812
30 253
Living cost
10 255
10 255
10 255
10 255
Free-cash
55 701
59 745
26 557
19 998

Estimated living cost  is ₴10255 per week

₴6542
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22681
₴34091
₴27611
₴19661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
27 386
health
-
-
-
6 078
pensions
-
-
-
5 775
total
-
-
-
39 239
Employee
42 095
42 095
78 339
-
pensions
7 577
5 775
5 775
-
income

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

6 890
6 890
11 745
-
health
6 461
5 496
6 078
-
total
20 928
18 161
23 598
-
Employer
42 095
42 095
78 339
-
health
2 926
2 926
3 636
-
pensions
2 930
2 930
3 642
-
unemployment
1 515
1 515
1 883
-
total
7 371
7 371
9 161
-
Corporate
38 550
38 034
-
-
income
7 710
7 607
-
-
total
7 710
7 607
-
-
Dividends
30 840
30 427
-
-
income
6 554
6 466
-
-
withholding
4 626
4 564
-
-
total
11 180
11 030
-
-
Income
87 500
87 500
87 500
87 500
Total tax
47 189
44 169
32 759
39 239
After tax
40 311
43 331
54 741
48 261
Living cost
20 650
20 650
20 650
20 650
Free-cash
19 661
22 681
34 091
27 611

Estimated living cost  is ₴20650 per week

₴14634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1862
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27546
₴24321
₴24812
₴27092
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
accident
-
-
-
89
other
-
-
-
5 152
unemployment
-
-
-
44
health
-
-
-
2 766
municipal
-
-
-
22 263
national
-
-
-
7 352
pensions
-
-
-
4 793
total
-
-
-
42 459
Employee
28 824
-
73 570
-
municipal
8 595
-
21 939
-
national
-
-
7 080
-
total
8 595
-
29 019
-
Employer
28 824
-
73 570
-
health
1 773
-
2 727
-
pensions
3 116
-
4 793
-
accident
58
-
89
-
unemployment
761
-
1 170
-
other
3 349
-
5 152
-
total
9 057
-
13 931
-
Corporate
49 619
87 500
-
-
income
10 916
19 250
-
-
total
10 916
19 250
-
-
Dividends
38 703
68 250
-
-
withholding
11 611
20 475
-
-
total
11 611
20 475
-
-
Income
87 500
87 500
87 500
87 500
Total tax
40 179
39 725
42 950
42 459
After tax
47 321
47 775
44 550
45 041
Living cost
20 229
20 229
20 229
20 229
Free-cash
27 092
27 546
24 321
24 812

Estimated living cost  is ₴20229 per week

₴13407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1985
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4530
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24315
₴36154
₴25530
₴31242
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
87 500
income

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

-
-
-
27 121
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.

-
-
-
1 492
health

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

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

-
-
-
3 368
trade
-
-
-
10 624
total
-
-
-
42 605
Employee

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

24 998
-
87 500
-
surtax

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

118
-
1 492
-
income

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

2 148
-
27 121
-
health

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

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

3 368
-
3 368
-
total
5 634
-
31 981
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 502
87 500
-
-
income
9 375
13 125
-
-
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.

515
722
-
-
chamber of commerce
164
199
-
-
trade
10 281
14 394
-
-
total
20 335
28 440
-
-
Dividends
42 167
59 060
-
-
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.

570
802
-
-
withholding
10 354
14 578
-
-
total
10 924
15 380
-
-
Income
87 500
87 500
87 500
87 500
Total tax
36 893
43 820
31 981
42 605
After tax
50 607
43 680
55 519
44 895
Living cost
19 365
19 365
19 365
19 365
Free-cash
31 242
24 315
36 154
25 530

Estimated living cost  is ₴19365 per week

₴12951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2042
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47841
₴43017
₴43784
₴45797
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
17 521
social contributions
-
-
-
7 976
health
-
-
-
2 231
total
-
-
-
27 728
Employee
37 904
37 904
81 744
-
social contributions
1 842
3 146
4 243
-
income
3 980
3 509
17 106
-
health
377
645
1 390
-
total
6 199
7 300
22 739
-
Employer
37 904
37 904
81 744
-
health
411
702
1 513
-
social contributions
1 842
3 146
4 243
-
total
2 253
3 848
5 756
-
Corporate
63 060
45 748
-
-
income
7 883
5 718
-
-
total
7 883
5 718
-
-
Dividends
55 177
40 030
-
-
withholding
9 380
6 805
-
-
total
9 380
6 805
-
-
Income
87 500
87 500
87 500
87 500
Total tax
25 715
23 671
28 495
27 728
After tax
61 785
63 829
59 005
59 772
Living cost
15 988
15 988
15 988
15 988
Free-cash
45 797
47 841
43 017
43 784

Estimated living cost  is ₴15988 per week

₴10930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1249
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40091
₴41662
₴51552
₴40280
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
10 697
unemployment
-
-
-
1 313
health
-
-
-
6 125
pensions
-
-
-
8 750
total
-
-
-
26 885
Employee

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

The minimum wage is 138,000 HUF per month.

13 083
5 207
73 222
-
unemployment
196
78
1 098
-
pensions
1 308
521
7 322
-
income
1 599
637
8 951
-
health
916
364
5 126
-
total
4 019
1 600
22 497
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 083
5 207
73 222
-
pensions
2 551
1 015
14 278
-
total
2 551
1 015
14 278
-
Corporate
71 865
81 278
-
-
income
6 468
7 315
-
-
total
6 468
7 315
-
-
Dividends
65 398
73 963
-
-
social contributions
12 693
14 363
-
-
withholding
12 426
14 053
-
-
total
25 119
28 416
-
-
Income
87 500
87 500
87 500
87 500
Total tax
38 157
38 346
36 775
26 885
After tax
49 343
49 154
50 725
60 615
Living cost
9 063
9 063
9 063
9 063
Free-cash
40 280
40 091
41 662
51 552

Estimated living cost  is ₴9063 per week

₴6185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴742
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1956
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58094
₴38527
₴34994
₴55031
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
11 725
health
-
-
-
11 375
pensions
-
-
-
17 500
total
-
-
-
40 600
Employee
13 984
-
65 396
-
unemployment
224
-
1 047
-
pensions
280
-
1 308
-
income
1 574
-
12 609
-
total
2 078
-
14 964
-
Employer
13 984
-
65 396
-
health
1 818
-
8 501
-
pensions
2 797
-
13 079
-
unemployment
112
-
523
-
total
4 727
-
22 103
-
Corporate
68 789
87 500
-
-
income
13 758
17 500
-
-
total
13 758
17 500
-
-
Dividends
55 032
70 000
-
-
total
-
-
-
-
Income
87 500
87 500
87 500
87 500
Total tax
20 563
17 500
37 067
40 600
After tax
66 937
70 000
50 433
46 900
Living cost
11 906
11 906
11 906
11 906
Free-cash
55 031
58 094
38 527
34 994

Estimated living cost  is ₴11906 per week

₴8166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴709
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2791
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3936
₴36479
₴48794
₴5398
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
accident
-
-
-
127
income
-
-
-
24 192
other
-
-
-
186
health
-
-
-
1 093
pensions
-
-
-
2 085
total
-
-
-
27 683
Employee
17 339
-
78 736
-
pensions
1 952
-
3 823
-
income
2 379
-
18 396
-
health
1 985
-
9 015
-
total
6 316
-
31 234
-
Employer
17 339
-
78 736
-
pensions
2 819
-
5 520
-
accident
289
-
1 315
-
unemployment
425
-
1 929
-
total
3 533
-
8 764
-
Corporate
66 627
87 500
-
-
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.

59 964
78 750
-
-
total
59 964
78 750
-
-
Dividends
6 663
8 750
-
-
withholding
1 266
1 663
-
-
total
1 266
1 663
-
-
Income
87 500
87 500
87 500
87 500
Total tax
71 079
80 413
39 998
27 683
After tax
16 421
7 087
47 502
59 817
Living cost
11 023
11 023
11 023
11 023
Free-cash
5 398
-3 936
36 479
48 794

Estimated living cost  is ₴11023 per week

₴8079
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴611
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴79099
₴65974
₴82599
₴78345
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
87 500
microenterprise

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

-
-
-
875
total
-
-
-
875
Employee
5 033
-
87 500
-
income
1 006
-
17 500
-
total
1 006
-
17 500
-
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%.

82 467
87 500
-
-
total
-
-
-
-
Dividends
82 467
87 500
-
-
withholding
4 123
4 375
-
-
total
4 123
4 375
-
-
Income
87 500
87 500
87 500
87 500
Total tax
5 129
4 375
17 500
875
After tax
82 371
83 125
70 000
86 625
Living cost
4 026
4 026
4 026
4 026
Free-cash
78 345
79 099
65 974
82 599

Estimated living cost  is ₴4026 per week

₴2495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51151
₴36441
₴35940
₴47820
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
13 577
other
-
-
-
3 560
health
-
-
-
3 298
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.

-
-
-
17 990
total
-
-
-
38 425
Employee
17 898
-
69 888
-
unemployment
179
-
699
-
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.

1 253
-
4 891
-
income
3 081
-
13 744
-
health
251
-
978
-
total
4 764
-
20 312
-
Employer
17 898
-
69 888
-
health
251
-
978
-
pensions

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

3 043
-
11 881
-
accident
143
-
559
-
unemployment
179
-
699
-
other
895
-
3 495
-
total
4 511
-
17 612
-
Corporate
65 091
87 500
-
-
income
13 670
18 375
-
-
total
13 670
18 375
-
-
Dividends
51 422
69 125
-
-
withholding
3 600
4 839
-
-
total
3 600
4 839
-
-
Income
87 500
87 500
87 500
87 500
Total tax
26 545
23 214
37 924
38 425
After tax
60 955
64 286
49 576
49 075
Living cost
13 135
13 135
13 135
13 135
Free-cash
47 820
51 151
36 441
35 940

Estimated living cost  is ₴13135 per week

₴9280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴887
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.
₴2756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24424
₴17303
₴25216
₴26139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
25 152
pensions
-
-
-
4 427
total
-
-
-
29 579
Employee
46 273
-
76 423
-
pensions
4 464
-
5 436
-
income
8 341
-
19 877
-
health
762
-
1 103
-
total
13 567
-
26 416
-
Employer
46 273
-
76 423
-
health
879
-
1 452
-
pensions
5 463
-
9 624
-
total
6 342
-
11 076
-
Corporate
34 885
87 500
-
-
income

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

6 628
16 625
-
-
total
6 628
16 625
-
-
Dividends
28 257
70 875
-
-
withholding
2 119
13 746
-
-
total
2 119
13 746
-
-
Income
87 500
87 500
87 500
87 500
Total tax
28 656
30 371
37 492
29 579
After tax
58 844
57 129
50 008
57 921
Living cost
32 705
32 705
32 705
32 705
Free-cash
26 139
24 424
17 303
25 216

Estimated living cost  is ₴32705 per week

₴24506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3843
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4090
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴68349
₴66755
₴63315
₴66060
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
13 125
unemployment
-
-
-
69
health
-
-
-
1 980
pensions

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

-
-
-
2 548
total
-
-
-
17 722
Employee
8 559
-
84 122
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

751
-
1 512
-
income
856
-
8 412
-
health
394
-
792
-
total
2 095
-
10 905
-
Employer
8 559
-
84 122
-
health
591
-
1 188
-
pensions

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

943
-
1 897
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
unemployment
51
-
103
-
total
1 679
-
3 377
-
Corporate
77 262
87 500
-
-
income
7 726
8 750
-
-
total
7 726
8 750
-
-
Dividends
69 536
78 750
-
-
withholding
3 477
3 938
-
-
total
3 477
3 938
-
-
Income
87 500
87 500
87 500
87 500
Total tax
14 977
12 688
14 282
17 722
After tax
72 523
74 812
73 218
69 778
Living cost
6 463
6 463
6 463
6 463
Free-cash
66 060
68 349
66 755
63 315

Estimated living cost  is ₴6463 per week

₴3773
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴462
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2057
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15997
₴27407
₴20927
₴17238
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
27 386
health
-
-
-
6 078
pensions
-
-
-
5 775
total
-
-
-
39 239
Employee
45 701
42 095
78 339
-
pensions
5 775
5 775
5 775
-
income

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

6 890
6 890
11 745
-
health
5 702
5 496
6 078
-
total
18 367
18 161
23 598
-
Employer
45 701
42 095
78 339
-
health
3 176
2 926
3 636
-
pensions
3 180
2 930
3 642
-
unemployment
1 645
1 515
1 883
-
total
8 001
7 371
9 161
-
Corporate
33 797
38 034
-
-
income
6 759
7 607
-
-
total
6 759
7 607
-
-
Dividends
27 037
30 427
-
-
income
5 745
6 466
-
-
withholding
4 056
4 564
-
-
total
9 801
11 030
-
-
Income
87 500
87 500
87 500
87 500
Total tax
42 928
44 169
32 759
39 239
After tax
44 572
43 331
54 741
48 261
Living cost
27 334
27 334
27 334
27 334
Free-cash
17 238
15 997
27 407
20 927

Estimated living cost  is ₴27334 per week

₴20163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2441
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4416
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47978
₴33223
₴37065
₴43603
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
8 706
social contributions
-
-
-
17 650
solidarity contribution
-
-
-
-
health
-
-
-
11 813
total
-
-
-
38 169
Employee
18 038
-
66 412
-
solidarity contribution
-
-
-
-
social contributions
1 172
-
3 929
-
income
2 165
-
8 028
-
health
2 435
-
8 966
-
total
5 772
-
20 923
-
Employer
18 038
-
66 412
-
health
1 623
-
5 977
-
social contributions
4 509
-
15 111
-
total
6 132
-
21 088
-
Corporate
63 329
87 500
-
-
income
12 033
16 625
-
-
total
12 033
16 625
-
-
Dividends
51 297
70 875
-
-
withholding
7 694
10 631
-
-
total
7 694
10 631
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 631
27 256
42 011
38 169
After tax
55 869
60 244
45 489
49 331
Living cost
12 266
12 266
12 266
12 266
Free-cash
43 603
47 978
33 223
37 065

Estimated living cost  is ₴12266 per week

₴8520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴25885
₴17027
₴20979
₴23312
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
social contributions
-
-
-
22 505
regional
-
-
-
1 034
municipal
-
-
-
520
national
-
-
-
21 662
total
-
-
-
45 721
Employee
43 809
-
87 500
-
municipal
232
-
464
-
national
7 591
-
18 792
-
regional
413
-
912
-
social contributions
14 772
-
29 505
-
total
23 008
-
49 673
-
Employer
43 809
-
87 500
-
total
-
-
-
-
Corporate
43 691
87 500
-
-
municipal
1 704
3 412
-
-
nationa
10 485
21 000
-
-
total
12 189
24 412
-
-
Dividends
31 501
63 088
-
-
withholding
8 191
16 403
-
-
total
8 191
16 403
-
-
Income
87 500
87 500
87 500
87 500
Total tax
43 388
40 815
49 673
45 721
After tax
44 112
46 685
37 827
41 779
Living cost
20 800
20 800
20 800
20 800
Free-cash
23 312
25 885
17 027
20 979

Estimated living cost  is ₴20800 per week

₴14499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴44160
₴27507
₴30521
₴42627
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
24 379
other
-
-
-
-
surtax
-
-
-
3 782
unemployment
-
-
-
112
health
-
-
-
4 671
pensions
-
-
-
13 158
total
-
-
-
46 102
Employee
16 301
-
73 652
-
other
-
-
-
-
unemployment
1 135
-
4 579
-
pensions
1 087
-
4 388
-
surtax
53
-
3 193
-
income
2 732
-
21 431
-
health
416
-
1 677
-
total
5 423
-
35 268
-
Employer
16 301
-
73 652
-
health
742
-
2 993
-
pensions
2 173
-
8 770
-
unemployment
516
-
2 085
-
other
-
-
-
-
total
3 431
-
13 848
-
Corporate
67 768
87 500
-
-
income
17 620
22 750
-
-
total
17 620
22 750
-
-
Dividends
50 148
64 750
-
-
withholding
7 522
9 713
-
-
total
7 522
9 713
-
-
Income
87 500
87 500
87 500
87 500
Total tax
33 996
32 463
49 116
46 102
After tax
53 504
55 037
38 384
41 398
Living cost
10 877
10 877
10 877
10 877
Free-cash
42 627
44 160
27 507
30 521

Estimated living cost  is ₴10877 per week

₴6651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1004
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2972
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34786
₴27665
₴35578
₴38017
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
25 152
pensions
-
-
-
4 427
total
-
-
-
29 579
Employee
31 011
-
76 423
-
pensions
2 632
-
5 436
-
income
5 585
-
19 877
-
health
450
-
1 103
-
total
8 667
-
26 416
-
Employer
31 011
-
76 423
-
health
589
-
1 452
-
pensions
3 357
-
9 624
-
total
3 946
-
11 076
-
Corporate
52 543
87 500
-
-
income

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

9 984
16 625
-
-
total
9 984
16 625
-
-
Dividends
42 560
70 875
-
-
withholding
4 543
13 746
-
-
total
4 543
13 746
-
-
Income
87 500
87 500
87 500
87 500
Total tax
27 140
30 371
37 492
29 579
After tax
60 360
57 129
50 008
57 921
Living cost
22 343
22 343
22 343
22 343
Free-cash
38 017
34 786
27 665
35 578

Estimated living cost  is ₴22343 per week

₴16739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1675
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.
₴3695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴530
₴27418
₴31516
₴17423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
other

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

-
-
-
1 750
regional
-
-
-
4 234
health
-
-
-
197
city
-
-
-
923
national
-
-
-
1 348
pensions
-
-
-
8 050
total
-
-
-
16 502
Employee
46 204
-
78 316
-
unemployment
-
-
-
-
pensions
3 882
-
6 579
-
national
219
-
1 027
-
regional
1 513
-
3 654
-
city
496
-
842
-
health
104
-
176
-
total
6 214
-
12 278
-
Employer
46 204
-
78 316
-
health
104
-
176
-
pensions
3 882
-
6 579
-
unemployment
-
-
-
-
other

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

924
-
1 567
-
total
4 910
-
8 322
-
Corporate
35 878
87 500
-
-
regional
7 588
18 506
-
-
national
3 049
7 437
-
-
total
10 637
25 943
-
-
Dividends
25 240
61 556
-
-
withholding
8 834
21 545
-
-
total
8 834
21 545
-
-
Income
87 500
87 500
87 500
87 500
Total tax
30 595
47 488
20 600
16 502
After tax
56 905
40 012
66 900
70 998
Living cost
39 482
39 482
39 482
39 482
Free-cash
17 423
530
27 418
31 516

Estimated living cost  is ₴39482 per week

₴25675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9780
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴20650
₴32937
₴21861
₴28642
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
87 500
income

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

-
-
-
27 121
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.

-
-
-
1 492
health

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

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

-
-
-
3 368
trade
-
-
-
11 076
total
-
-
-
43 057
Employee

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

29 625
-
87 500
-
surtax

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

192
-
1 492
-
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.

3 484
-
27 121
-
health

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

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

3 368
-
3 368
-
total
7 044
-
31 981
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 875
87 500
-
-
income
8 681
13 125
-
-
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.

477
722
-
-
chamber of commerce
156
198
-
-
trade
9 926
15 006
-
-
total
19 240
29 051
-
-
Dividends
38 635
58 448
-
-
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.

521
793
-
-
withholding
9 471
14 424
-
-
total
9 992
15 217
-
-
Income
87 500
87 500
87 500
87 500
Total tax
36 276
44 268
31 981
43 057
After tax
51 224
43 232
55 519
44 443
Living cost
22 582
22 582
22 582
22 582
Free-cash
28 642
20 650
32 937
21 861

Estimated living cost  is ₴22582 per week

₴16493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1806
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴27235
₴31134
₴32431
₴30146
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
13 737
other
-
-
-
2 713
surtax
-
-
-
-
social contributions
-
-
-
2 494
health
-
-
-
3 721
pensions
-
-
-
15 539
total
-
-
-
38 204
Employee
21 097
-
67 765
-
pensions
2 385
-
4 694
-
surtax
-
-
-
-
social contributions
601
-
1 931
-
income
1 245
-
13 140
-
total
4 231
-
19 765
-
Employer
21 097
-
67 765
-
health
1 477
-
6 248
-
pensions
3 466
-
7 904
-
unemployment
854
-
2 745
-
social contributions
64
-
203
-
other
728
-
2 636
-
total
6 589
-
19 736
-
Corporate
59 815
87 500
-
-
income
16 748
24 500
-
-
surtax
-
-
-
-
total
16 748
24 500
-
-
Dividends
43 067
63 000
-
-
surtax
-
-
-
-
social contributions
7 408
10 836
-
-
withholding
5 513
8 064
-
-
total
12 921
18 900
-
-
Income
87 500
87 500
87 500
87 500
Total tax
40 489
43 400
39 501
38 204
After tax
47 011
44 100
47 999
49 296
Living cost
16 865
16 865
16 865
16 865
Free-cash
30 146
27 235
31 134
32 431

Estimated living cost  is ₴16865 per week

₴10634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1371
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4573
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28906
₴32805
₴34102
₴31645
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
13 737
other
-
-
-
2 713
surtax
-
-
-
-
social contributions
-
-
-
2 494
health
-
-
-
3 721
pensions
-
-
-
15 539
total
-
-
-
38 204
Employee
18 832
-
67 765
-
pensions
2 130
-
4 694
-
surtax
-
-
-
-
social contributions
537
-
1 931
-
income
971
-
13 140
-
total
3 638
-
19 765
-
Employer
18 832
-
67 765
-
health
1 318
-
6 248
-
pensions
3 094
-
7 904
-
unemployment
762
-
2 745
-
social contributions
56
-
203
-
other
650
-
2 636
-
total
5 880
-
19 736
-
Corporate
62 787
87 500
-
-
income
17 581
24 500
-
-
surtax
-
-
-
-
total
17 581
24 500
-
-
Dividends
45 206
63 000
-
-
surtax
-
-
-
-
social contributions
7 775
10 836
-
-
withholding
5 787
8 064
-
-
total
13 562
18 900
-
-
Income
87 500
87 500
87 500
87 500
Total tax
40 661
43 400
39 501
38 204
After tax
46 839
44 100
47 999
49 296
Living cost
15 194
15 194
15 194
15 194
Free-cash
31 645
28 906
32 805
34 102

Estimated living cost  is ₴15194 per week

₴8812
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42930
₴43916
₴45740
₴43185
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
13 125
social contributions
-
-
-
12 075
health
-
-
-
6 107
total
-
-
-
31 307
Employee
16 713
-
87 500
-
social contributions
2 307
-
12 075
-
income
2 788
-
14 949
-
health
1 166
-
6 107
-
total
6 261
-
33 131
-
Employer
16 713
-
87 500
-
total
-
-
-
-
Corporate
70 787
87 500
-
-
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%.

3 540
4 375
-
-
total
3 540
4 375
-
-
Dividends
67 247
83 125
-
-
social contributions
9 280
11 471
-
-
withholding
10 087
12 468
-
-
health
4 694
5 803
-
-
total
24 061
29 742
-
-
Income
87 500
87 500
87 500
87 500
Total tax
33 862
34 117
33 131
31 307
After tax
53 638
53 383
54 369
56 193
Living cost
10 453
10 453
10 453
10 453
Free-cash
43 185
42 930
43 916
45 740

Estimated living cost  is ₴10453 per week

₴6995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2572
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31039
₴5817
₴27542
₴30277
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
24 060
surtax
-
-
-
97
unemployment
-
-
-
3 023
chamber of commerce
-
-
-
350
health
-
-
-
4 405
pensions
-
-
-
10 654
total
-
-
-
42 589
Employee
24 635
19 644
69 929
-
other
246
196
576
-
unemployment
739
589
1 728
-
pensions
2 523
2 011
5 897
-
income
2 804
1 449
19 299
-
health
953
761
2 228
-
total
7 265
5 006
29 728
-
Employer
24 635
19 644
69 929
-
chamber of commerce
98
79
280
-
health
931
743
2 177
-
pensions
3 092
2 466
7 227
-
accident
320
255
748
-
unemployment
739
589
1 728
-
surtax
97
97
97
-
payroll
739
589
2 098
-
other
1 170
933
3 216
-
total
7 186
5 751
17 571
-
Corporate
55 679
62 105
68 058
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

13 919
15 526
17 015
-
total
13 919
15 526
17 015
-
Dividends
41 760
46 578
-
-
withholding
11 484
12 809
-
-
total
11 484
12 809
-
-
Income
87 500
87 500
87 500
87 500
Total tax
39 854
39 092
64 314
42 589
After tax
47 646
48 408
23 186
44 911
Living cost
17 369
17 369
17 369
17 369
Free-cash
30 277
31 039
5 817
27 542

Estimated living cost  is ₴17369 per week

₴11584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30962
₴12796
₴19965
₴23569
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
communal

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

-
-
-
4 513
social contributions
-
-
-
12 290
national
-
-
-
32 759
total
-
-
-
49 562
Employee

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

35 260
-
67 772
-
unemployment

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

307
-
589
-
communal

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

1 839
-
3 535
-
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.

2 644
-
5 083
-
national
10 840
-
24 610
-
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.

1 657
-
3 185
-
total
17 287
-
37 002
-
Employer

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

35 260
-
67 772
-
health

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

2 168
-
4 168
-
pensions

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

3 124
-
6 005
-
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.

458
-
880
-
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.

514
-
990
-
surtax
3 998
-
7 686
-
total
10 262
-
19 729
-
Corporate
41 976
87 500
-
-
income
8 396
17 500
-
-
surtax
168
350
-
-
total
8 564
17 850
-
-
Dividends
33 412
69 650
-
-
withholding

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

9 845
20 715
-
-
total
9 845
20 715
-
-
Income
87 500
87 500
87 500
87 500
Total tax
45 958
38 565
56 731
49 562
After tax
41 542
48 935
30 769
37 938
Living cost
17 973
17 973
17 973
17 973
Free-cash
23 569
30 962
12 796
19 965

Estimated living cost  is ₴17973 per week

₴11577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
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.
₴4543
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40514
₴29225
₴31294
₴37139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
accident
-
-
-
412
income
-
-
-
24 696
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 930
total
-
-
-
38 404
Employee
24 537
-
72 934
-
other
24
-
46
-
unemployment
381
-
708
-
pensions
1 153
-
2 148
-
income
5 177
-
23 004
-
total
6 735
-
25 906
-
Employer
24 537
-
72 934
-
pensions
5 790
-
10 783
-
accident
485
-
905
-
unemployment
1 350
-
2 513
-
other
196
-
366
-
total
7 821
-
14 567
-
Corporate
55 142
87 500
-
-
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.

8 271
13 125
-
-
total
8 271
13 125
-
-
Dividends
46 870
74 375
-
-
withholding
9 732
16 059
-
-
total
9 732
16 059
-
-
Income
87 500
87 500
87 500
87 500
Total tax
32 559
29 184
40 473
38 404
After tax
54 941
58 316
47 027
49 096
Living cost
17 802
17 802
17 802
17 802
Free-cash
37 139
40 514
29 225
31 294

Estimated living cost  is ₴17802 per week

₴13109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1263
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.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴24354
₴19887
₴16397
₴18034
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
communal
-
-
-
5 530
accident
-
-
-
738
income
-
-
-
14 446
surtax
-
-
-
4 338
health
-
-
-
6 148
pensions
-
-
-
13 115
total
-
-
-
44 315
Employee
37 330
-
78 160
-
pensions
2 986
-
6 252
-
surtax
2 288
-
4 790
-
income
3 606
-
16 965
-
health
1 661
-
3 479
-
total
10 541
-
31 486
-
Employer
37 330
-
78 160
-
health
1 138
-
2 384
-
pensions
2 986
-
6 252
-
accident
336
-
703
-
total
4 460
-
9 339
-
Corporate
45 710
87 500
-
-
communal
3 085
5 906
-
-
income
6 857
13 125
-
-
surtax
480
919
-
-
total
10 422
19 950
-
-
Dividends
35 288
67 550
-
-
income
11 961
6 275
-
-
withholding
5 294
10 133
-
-
total
17 255
16 408
-
-
Income
87 500
87 500
87 500
87 500
Total tax
42 678
36 358
40 825
44 315
After tax
44 822
51 142
46 675
43 185
Living cost
26 788
26 788
26 788
26 788
Free-cash
18 034
24 354
19 887
16 397

Estimated living cost  is ₴26788 per week

₴20095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4786
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43965
₴27312
₴30326
₴42397
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
24 379
other
-
-
-
-
surtax
-
-
-
3 782
unemployment
-
-
-
112
health
-
-
-
4 671
pensions
-
-
-
13 158
total
-
-
-
46 102
Employee
16 600
-
73 652
-
other
-
-
-
-
unemployment
1 155
-
4 579
-
pensions
1 108
-
4 388
-
surtax
59
-
3 193
-
income
2 783
-
21 431
-
health
424
-
1 677
-
total
5 529
-
35 268
-
Employer
16 600
-
73 652
-
health
755
-
2 993
-
pensions
2 213
-
8 770
-
unemployment
527
-
2 085
-
other
-
-
-
-
total
3 495
-
13 848
-
Corporate
67 405
87 500
-
-
income
17 525
22 750
-
-
total
17 525
22 750
-
-
Dividends
49 879
64 750
-
-
withholding
7 482
9 713
-
-
total
7 482
9 713
-
-
Income
87 500
87 500
87 500
87 500
Total tax
34 031
32 463
49 116
46 102
After tax
53 469
55 037
38 384
41 398
Living cost
11 072
11 072
11 072
11 072
Free-cash
42 397
43 965
27 312
30 326

Estimated living cost  is ₴11072 per week

₴6685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴963
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32712
₴24283
₴28215
₴31618
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
social contributions
-
-
-
22 505
regional
-
-
-
1 319
municipal
-
-
-
520
national
-
-
-
21 662
total
-
-
-
46 006
Employee
27 344
-
87 500
-
municipal
145
-
464
-
national
4 332
-
18 792
-
regional
368
-
1 177
-
social contributions
9 221
-
29 505
-
total
14 066
-
49 938
-
Employer
27 344
-
87 500
-
total
-
-
-
-
Corporate
60 156
87 500
-
-
municipal
2 990
4 349
-
-
nationa
14 438
21 000
-
-
total
17 428
25 349
-
-
Dividends
42 729
62 151
-
-
withholding
11 109
16 160
-
-
total
11 109
16 160
-
-
Income
87 500
87 500
87 500
87 500
Total tax
42 603
41 509
49 938
46 006
After tax
44 897
45 991
37 562
41 494
Living cost
13 279
13 279
13 279
13 279
Free-cash
31 618
32 712
24 283
28 215

Estimated living cost  is ₴13279 per week

₴8258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45129
₴30374
₴34216
₴39737
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
8 706
social contributions
-
-
-
17 650
solidarity contribution
-
-
-
-
health
-
-
-
11 813
total
-
-
-
38 169
Employee
22 227
-
66 412
-
solidarity contribution
-
-
-
-
social contributions
1 445
-
3 929
-
income
2 667
-
8 028
-
health
3 001
-
8 966
-
total
7 113
-
20 923
-
Employer
22 227
-
66 412
-
health
2 000
-
5 977
-
social contributions
5 557
-
15 111
-
total
7 557
-
21 088
-
Corporate
57 715
87 500
-
-
income
10 966
16 625
-
-
total
10 966
16 625
-
-
Dividends
46 749
70 875
-
-
withholding
7 012
10 631
-
-
total
7 012
10 631
-
-
Income
87 500
87 500
87 500
87 500
Total tax
32 648
27 256
42 011
38 169
After tax
54 852
60 244
45 489
49 331
Living cost
15 115
15 115
15 115
15 115
Free-cash
39 737
45 129
30 374
34 216

Estimated living cost  is ₴15115 per week

₴11240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴32734
₴7485
₴29282
₴32492
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
24 060
surtax
-
-
-
-
unemployment
-
-
-
3 023
chamber of commerce
-
-
-
350
health
-
-
-
4 405
pensions
-
-
-
10 654
total
-
-
-
42 492
Employee
21 548
19 644
70 019
-
other
215
196
576
-
unemployment
646
589
1 728
-
pensions
2 207
2 011
5 897
-
income
1 920
1 449
19 342
-
health
833
761
2 228
-
total
5 821
5 006
29 771
-
Employer
21 548
19 644
70 019
-
chamber of commerce
86
79
280
-
health
815
743
2 177
-
pensions
2 704
2 466
7 227
-
accident
280
255
748
-
unemployment
646
589
1 728
-
surtax
-
-
-
-
payroll
646
589
2 101
-
other
1 023
933
3 220
-
total
6 200
5 654
17 481
-
Corporate
59 751
62 202
68 149
-
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.

14 938
15 551
17 037
-
total
14 938
15 551
17 037
-
Dividends
44 813
46 651
-
-
withholding
12 323
12 829
-
-
total
12 323
12 829
-
-
Income
87 500
87 500
87 500
87 500
Total tax
39 282
39 040
64 289
42 492
After tax
48 218
48 460
23 211
45 008
Living cost
15 726
15 726
15 726
15 726
Free-cash
32 492
32 734
7 485
29 282

Estimated living cost  is ₴15726 per week

₴9434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1606
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4406
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴76851
₴63726
₴80351
₴75674
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
87 500
microenterprise

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

-
-
-
875
total
-
-
-
875
Employee
7 843
-
87 500
-
income
1 569
-
17 500
-
total
1 569
-
17 500
-
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%.

79 657
87 500
-
-
total
-
-
-
-
Dividends
79 657
87 500
-
-
withholding
3 983
4 375
-
-
total
3 983
4 375
-
-
Income
87 500
87 500
87 500
87 500
Total tax
5 552
4 375
17 500
875
After tax
81 948
83 125
70 000
86 625
Living cost
6 274
6 274
6 274
6 274
Free-cash
75 674
76 851
63 726
80 351

Estimated living cost  is ₴6274 per week

₴4246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47022
₴27162
₴29479
₴42897
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
87 500
income
-
-
-
20 078
unemployment
-
-
-
131
health
-
-
-
8 610
pensions
-
-
-
15 980
total
-
-
-
44 799
Employee

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

21 798
-
75 712
-
unemployment
31
-
106
-
pensions
3 379
-
11 735
-
income
3 759
-
18 595
-
health
1 408
-
4 891
-
total
8 577
-
35 327
-
Employer

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

21 798
-
75 712
-
health
1 452
-
5 042
-
pensions
1 929
-
6 701
-
unemployment
13
-
46
-
total
3 394
-
11 789
-
Corporate
62 308
87 500
-
-
income
11 839
16 625
-
-
total
11 839
16 625
-
-
Dividends
50 470
70 875
-
-
withholding
7 571
10 631
-
-
total
7 571
10 631
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 381
27 256
47 116
44 799
After tax
56 119
60 244
40 384
42 701
Living cost
13 222
13 222
13 222
13 222
Free-cash
42 897
47 022
27 162
29 479

Estimated living cost  is ₴13222 per week

₴9074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴848
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.
₴3045
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31860
₴59608
₴39095
₴8295
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
17 055
social contributions
-
-
-
9 975
total
-
-
-
27 030
Employee
30 649
-
-
-
social contributions
2 513
-
358
-
income
6 761
-
-
-
total
9 274
-
358
-
Employer
30 649
-
-
-
social contributions
43 216
-
6 159
-
total
43 216
-
6 159
-
Corporate
13 635
87 500
-
-
income
3 000
19 250
-
-
total
3 000
19 250
-
-
Dividends
10 635
68 250
-
-
income
2 340
15 015
-
-
total
2 340
15 015
-
-
Income
87 500
87 500
87 500
87 500
Total tax
57 830
34 265
6 517
27 030
After tax
29 670
53 235
80 983
60 470
Living cost
21 375
21 375
21 375
21 375
Free-cash
8 295
31 860
59 608
39 095

Estimated living cost  is ₴21375 per week

₴13869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2010
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5223
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34308
₴24721
₴31356
₴33812
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
87 500
income
-
-
-
10 276
surtax
-
-
-
-
social contributions

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

-
-
-
30 406
total
-
-
-
40 682
Employee
22 671
-
70 707
-
surtax
-
-
-
-
social contributions
2 494
-
7 778
-
income
4 716
-
22 746
-
total
7 210
-
30 524
-
Employer
22 671
-
70 707
-
social contributions
5 384
-
16 793
-
total
5 384
-
16 793
-
Corporate
59 444
87 500
-
-
income
12 483
18 375
-
-
surtax
-
-
-
-
total
12 483
18 375
-
-
Dividends
46 961
69 125
-
-
withholding
13 149
19 355
-
-
total
13 149
19 355
-
-
Income
87 500
87 500
87 500
87 500
Total tax
38 226
37 730
47 317
40 682
After tax
49 274
49 770
40 183
46 818
Living cost
15 462
15 462
15 462
15 462
Free-cash
33 812
34 308
24 721
31 356

Estimated living cost  is ₴15462 per week

₴11569
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20292
₴24191
₴25488
₴23681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
13 737
other
-
-
-
2 713
surtax
-
-
-
-
social contributions
-
-
-
2 494
health
-
-
-
3 721
pensions
-
-
-
15 539
total
-
-
-
38 204
Employee
30 874
-
67 765
-
pensions
3 492
-
4 694
-
surtax
-
-
-
-
social contributions
879
-
1 931
-
income
2 694
-
13 140
-
total
7 065
-
19 765
-
Employer
30 874
-
67 765
-
health
2 161
-
6 248
-
pensions
5 073
-
7 904
-
unemployment
1 251
-
2 745
-
social contributions
93
-
203
-
other
1 065
-
2 636
-
total
9 643
-
19 736
-
Corporate
46 984
87 500
-
-
income
13 155
24 500
-
-
surtax
-
-
-
-
total
13 155
24 500
-
-
Dividends
33 829
63 000
-
-
surtax
-
-
-
-
social contributions
5 818
10 836
-
-
withholding
4 330
8 064
-
-
total
10 148
18 900
-
-
Income
87 500
87 500
87 500
87 500
Total tax
40 011
43 400
39 501
38 204
After tax
47 489
44 100
47 999
49 296
Living cost
23 808
23 808
23 808
23 808
Free-cash
23 681
20 292
24 191
25 488

Estimated living cost  is ₴23808 per week

₴16113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1948
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5421
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63933
₴51925
₴49601
₴62278
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
3 832
social contributions
-
-
-
19 250
total
-
-
-
23 082
Employee
15 847
-
75 757
-
income
-
-
4 090
-
social contributions
1 030
-
4 925
-
total
1 030
-
9 015
-
Employer
15 847
-
75 757
-
social contributions
2 456
-
11 743
-
total
2 456
-
11 743
-
Corporate
69 196
87 500
-
-
income
6 919
8 750
-
-
total
6 919
8 750
-
-
Dividends
62 277
78 750
-
-
total
-
-
-
-
Income
87 500
87 500
87 500
87 500
Total tax
10 405
8 750
20 758
23 082
After tax
77 095
78 750
66 742
64 418
Living cost
14 817
14 817
14 817
14 817
Free-cash
62 278
63 933
51 925
49 601

Estimated living cost  is ₴14817 per week

₴9581
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1117
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19802
-₴19802
₴27844
-₴19802
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
labour market
-
-
-
6 966
municipal
-
-
-
18 249
national
-
-
-
10 296
pensions
-
-
-
427
total
-
-
-
35 938
Employee
100 109
100 109
100 109
-
municipal
21 318
21 318
21 318
-
labour market
7 997
7 997
7 997
-
pensions
142
142
142
-
national
12 230
12 230
12 230
-
total
41 687
41 687
41 687
-
Employer
100 109
100 109
100 109
-
national
12 251
12 251
12 251
-
labour market
8 009
8 009
8 009
-
pensions
285
285
285
-
municipal
21 352
21 352
21 352
-
total
41 897
41 897
41 897
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
87 500
87 500
87 500
87 500
Total tax
83 584
83 584
83 584
35 938
After tax
3 916
3 916
3 916
51 562
Living cost
23 718
23 718
23 718
23 718
Free-cash
-19 802
-19 802
-19 802
27 844

Estimated living cost  is ₴23718 per week

₴16233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2098
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5022
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3773
₴36642
₴48957
₴5421
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
accident
-
-
-
127
income
-
-
-
24 192
other
-
-
-
186
health
-
-
-
1 093
pensions
-
-
-
2 085
total
-
-
-
27 683
Employee
17 084
-
78 736
-
pensions
1 924
-
3 823
-
income
2 344
-
18 396
-
health
1 956
-
9 015
-
total
6 224
-
31 234
-
Employer
17 084
-
78 736
-
pensions
2 778
-
5 520
-
accident
285
-
1 315
-
unemployment
419
-
1 929
-
total
3 482
-
8 764
-
Corporate
66 935
87 500
-
-
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.

60 241
78 750
-
-
total
60 241
78 750
-
-
Dividends
6 693
8 750
-
-
withholding
1 272
1 663
-
-
total
1 272
1 663
-
-
Income
87 500
87 500
87 500
87 500
Total tax
71 219
80 413
39 998
27 683
After tax
16 281
7 087
47 502
59 817
Living cost
10 860
10 860
10 860
10 860
Free-cash
5 421
-3 773
36 642
48 957

Estimated living cost  is ₴10860 per week

₴7905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴619
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.
₴2132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35863
₴26932
₴37415
₴37119
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
87 500
health
-
-
-
1 142
municipal
-
-
-
15 544
national
-
-
-
14 474
total
-
-
-
31 160
Employee
25 934
-
73 610
-
municipal
4 248
-
11 990
-
unemployment
389
-
1 104
-
pensions
1 750
-
4 969
-
national
428
-
8 761
-
health
194
-
928
-
total
7 009
-
27 752
-
Employer
25 934
-
73 610
-
health
199
-
567
-
pensions
4 499
-
12 772
-
accident
26
-
74
-
unemployment
168
-
478
-
total
4 892
-
13 891
-
Corporate
56 672
87 500
-
-
income
11 335
17 500
-
-
total
11 335
17 500
-
-
Dividends

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

34 003
52 500
-
-
municipal
6 121
9 450
-
-
national
2 099
5 762
-
-
total
8 220
15 212
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 456
32 712
41 643
31 160
After tax
56 044
54 788
45 857
56 340
Living cost
18 925
18 925
18 925
18 925
Free-cash
37 119
35 863
26 932
37 415

Estimated living cost  is ₴18925 per week

₴12362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1820
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4442
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52416
₴47592
₴48359
₴49734
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
17 521
social contributions
-
-
-
7 976
health
-
-
-
2 231
total
-
-
-
27 728
Employee
37 904
37 904
81 744
-
social contributions
1 433
3 146
4 243
-
income
4 127
3 509
17 106
-
health
294
645
1 390
-
total
5 854
7 300
22 739
-
Employer
37 904
37 904
81 744
-
health
319
702
1 513
-
social contributions
1 433
3 146
4 243
-
total
1 752
3 848
5 756
-
Corporate
68 481
45 748
-
-
income
8 560
5 718
-
-
total
8 560
5 718
-
-
Dividends
59 921
40 030
-
-
withholding
10 187
6 805
-
-
total
10 187
6 805
-
-
Income
87 500
87 500
87 500
87 500
Total tax
26 353
23 671
28 495
27 728
After tax
61 147
63 829
59 005
59 772
Living cost
11 413
11 413
11 413
11 413
Free-cash
49 734
52 416
47 592
48 359

Estimated living cost  is ₴11413 per week

₴6840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64633
₴55945
₴65832
₴62125
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
87 500
income
-
-
-
8 908
unemployment
-
-
-
14
health
-
-
-
1 784
pensions
-
-
-
3 136
total
-
-
-
13 842
Employee

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

11 315
-
82 682
-
unemployment
56
-
234
-
pensions
1 697
-
7 016
-
income
774
-
7 686
-
health
962
-
3 976
-
total
3 489
-
18 912
-
Employer

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

11 315
-
82 682
-
health
486
-
2 011
-
pensions
622
-
2 572
-
unemployment
56
-
234
-
total
1 164
-
4 817
-
Corporate
75 021
87 500
-
-
income
6 752
7 875
-
-
total
6 752
7 875
-
-
Dividends
68 269
79 625
-
-
withholding
6 144
7 166
-
-
total
6 144
7 166
-
-
Income
87 500
87 500
87 500
87 500
Total tax
17 549
15 041
23 729
13 842
After tax
69 951
72 459
63 771
73 658
Living cost
7 826
7 826
7 826
7 826
Free-cash
62 125
64 633
55 945
65 832

Estimated living cost  is ₴7826 per week

₴4993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴564
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44761
₴33472
₴35541
₴42584
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
accident
-
-
-
412
income
-
-
-
24 696
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 930
total
-
-
-
38 404
Employee
18 227
-
72 934
-
other
18
-
46
-
unemployment
283
-
708
-
pensions
857
-
2 148
-
income
3 514
-
23 004
-
total
4 672
-
25 906
-
Employer
18 227
-
72 934
-
pensions
4 301
-
10 783
-
accident
361
-
905
-
unemployment
1 003
-
2 513
-
other
146
-
366
-
total
5 811
-
14 567
-
Corporate
63 462
87 500
-
-
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.

9 519
13 125
-
-
total
9 519
13 125
-
-
Dividends
53 943
74 375
-
-
withholding
11 359
16 059
-
-
total
11 359
16 059
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 361
29 184
40 473
38 404
After tax
56 139
58 316
47 027
49 096
Living cost
13 555
13 555
13 555
13 555
Free-cash
42 584
44 761
33 472
35 541

Estimated living cost  is ₴13555 per week

₴9150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1303
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.
₴2865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53641
₴55284
₴55353
₴53483
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
29 981
health
-
-
-
507
pensions
-
-
-
700
total
-
-
-
31 188
Employee
1 461
-
86 713
-
unemployment
15
-
35
-
pensions
131
-
315
-
income
283
-
29 945
-
health
73
-
175
-
total
502
-
30 470
-
Employer
1 461
-
86 713
-
health
139
-
332
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
787
-
Corporate
85 710
87 500
-
-
income
18 856
19 250
-
-
total
18 856
19 250
-
-
Dividends
66 854
68 250
-
-
withholding
13 371
13 650
-
-
total
13 371
13 650
-
-
Income
87 500
87 500
87 500
87 500
Total tax
33 058
32 900
31 257
31 188
After tax
54 442
54 600
56 243
56 312
Living cost
959
959
959
959
Free-cash
53 483
53 641
55 284
55 353

Estimated living cost  is ₴959 per week

₴570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴289
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54696
₴45393
₴45393
₴52272
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
87 500
income
-
-
-
19 816
unemployment
-
-
-
546
health
-
-
-
3 752
pensions
-
-
-
9 470
total
-
-
-
33 584
Employee

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

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

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

12 853
-
80 980
-
unemployment
96
-
273
-
pensions
1 799
-
5 099
-
income
1 772
-
19 816
-
health
662
-
1 876
-
total
4 329
-
27 064
-
Employer

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

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

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

12 853
-
80 980
-
health
662
-
1 876
-
pensions
1 542
-
4 371
-
unemployment
96
-
273
-
total
2 300
-
6 520
-
Corporate
72 347
87 500
-
-
income
10 852
13 125
-
-
total
10 852
13 125
-
-
Dividends
61 495
74 375
-
-
withholding
9 224
11 156
-
-
total
9 224
11 156
-
-
Income
87 500
87 500
87 500
87 500
Total tax
26 705
24 281
33 584
33 584
After tax
60 795
63 219
53 916
53 916
Living cost
8 523
8 523
8 523
8 523
Free-cash
52 272
54 696
45 393
45 393

Estimated living cost  is ₴8523 per week

₴5739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴659
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.
₴1879
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36481
₴26894
₴33529
₴36304
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
87 500
income
-
-
-
10 276
surtax
-
-
-
-
social contributions

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

-
-
-
30 406
total
-
-
-
40 682
Employee
19 132
-
70 707
-
surtax
-
-
-
-
social contributions
2 105
-
7 778
-
income
3 738
-
22 746
-
total
5 843
-
30 524
-
Employer
19 132
-
70 707
-
social contributions
4 543
-
16 793
-
total
4 543
-
16 793
-
Corporate
63 825
87 500
-
-
income
13 403
18 375
-
-
surtax
-
-
-
-
total
13 403
18 375
-
-
Dividends
50 422
69 125
-
-
withholding
14 118
19 355
-
-
total
14 118
19 355
-
-
Income
87 500
87 500
87 500
87 500
Total tax
37 907
37 730
47 317
40 682
After tax
49 593
49 770
40 183
46 818
Living cost
13 289
13 289
13 289
13 289
Free-cash
36 304
36 481
26 894
33 529

Estimated living cost  is ₴13289 per week

₴9412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴923
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2718
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40992
₴29703
₴31772
₴37768
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
accident
-
-
-
412
income
-
-
-
24 696
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 930
total
-
-
-
38 404
Employee
23 807
-
72 934
-
other
23
-
46
-
unemployment
369
-
708
-
pensions
1 119
-
2 148
-
income
4 972
-
23 004
-
total
6 483
-
25 906
-
Employer
23 807
-
72 934
-
pensions
5 618
-
10 783
-
accident
471
-
905
-
unemployment
1 310
-
2 513
-
other
191
-
366
-
total
7 590
-
14 567
-
Corporate
56 103
87 500
-
-
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.

8 415
13 125
-
-
total
8 415
13 125
-
-
Dividends
47 688
74 375
-
-
withholding
9 920
16 059
-
-
total
9 920
16 059
-
-
Income
87 500
87 500
87 500
87 500
Total tax
32 408
29 184
40 473
38 404
After tax
55 092
58 316
47 027
49 096
Living cost
17 324
17 324
17 324
17 324
Free-cash
37 768
40 992
29 703
31 772

Estimated living cost  is ₴17324 per week

₴12441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3292
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66332
₴64738
₴61298
₴63329
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
13 125
unemployment
-
-
-
69
health
-
-
-
1 980
pensions

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

-
-
-
2 548
total
-
-
-
17 722
Employee
11 229
-
84 122
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

986
-
1 512
-
income
1 123
-
8 412
-
health
517
-
792
-
total
2 749
-
10 905
-
Employer
11 229
-
84 122
-
health
775
-
1 188
-
pensions

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

1 237
-
1 897
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
unemployment
67
-
103
-
total
2 202
-
3 377
-
Corporate
74 068
87 500
-
-
income
7 407
8 750
-
-
total
7 407
8 750
-
-
Dividends
66 661
78 750
-
-
withholding
3 333
3 938
-
-
total
3 333
3 938
-
-
Income
87 500
87 500
87 500
87 500
Total tax
15 691
12 688
14 282
17 722
After tax
71 809
74 812
73 218
69 778
Living cost
8 480
8 480
8 480
8 480
Free-cash
63 329
66 332
64 738
61 298

Estimated living cost  is ₴8480 per week

₴5609
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26000
₴36488
₴27221
₴32449
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
87 500
income

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

-
-
-
27 121
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.

-
-
-
1 492
health

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

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

-
-
-
3 368
trade
-
-
-
9 267
total
-
-
-
41 248
Employee

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

24 527
-
87 500
-
surtax

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

111
-
1 492
-
income

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

2 017
-
27 121
-
health

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

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

3 368
-
3 368
-
total
5 496
-
31 981
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 973
87 500
-
-
income
9 446
13 125
-
-
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.

519
722
-
-
chamber of commerce
167
203
-
-
trade
9 036
12 556
-
-
total
19 168
26 606
-
-
Dividends
43 804
60 893
-
-
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.

592
827
-
-
withholding
10 764
15 036
-
-
total
11 356
15 863
-
-
Income
87 500
87 500
87 500
87 500
Total tax
36 020
42 469
31 981
41 248
After tax
51 480
45 031
55 519
46 252
Living cost
19 031
19 031
19 031
19 031
Free-cash
32 449
26 000
36 488
27 221

Estimated living cost  is ₴19031 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2048
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.
₴3579
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33171
₴17953
₴17953
₴34258
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
26 853
social contributions
-
-
-
14 614
total
-
-
-
41 467
Employee
38 559
-
87 500
-
income
7 276
-
26 853
-
social contributions
3 203
-
14 614
-
total
10 479
-
41 467
-
Employer
38 559
-
87 500
-
total
-
-
-
-
Corporate
48 941
87 500
-
-
income
6 118
10 937
-
-
total
6 118
10 937
-
-
Dividends
42 824
76 563
-
-
withholding
8 565
15 312
-
-
total
8 565
15 312
-
-
Income
87 500
87 500
87 500
87 500
Total tax
25 162
26 249
41 467
41 467
After tax
62 338
61 251
46 033
46 033
Living cost
28 080
28 080
28 080
28 080
Free-cash
34 258
33 171
17 953
17 953

Estimated living cost  is ₴28080 per week

₴21363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2288
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4161
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36377
₴44278
₴52552
₴38099
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
87 500
income
-
-
-
14 032
health

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

-
-
-
3 022
total
-
-
-
17 054
Employee
22 613
-
85 232
-
income
2 454
-
20 792
-
social contributions
2 266
-
2 268
-
total
4 720
-
23 060
-
Employer
22 613
-
85 232
-
social contributions
2 266
-
2 268
-
total
2 266
-
2 268
-
Corporate
62 621
87 500
-
-
income
21 917
30 625
-
-
total
21 917
30 625
-
-
Dividends
40 704
56 875
-
-
social contributions
2 604
2 604
-
-
total
2 604
2 604
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 507
33 229
25 328
17 054
After tax
55 993
54 271
62 172
70 446
Living cost
17 894
17 894
17 894
17 894
Free-cash
38 099
36 377
44 278
52 552

Estimated living cost  is ₴17894 per week

₴11787
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1411
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4422
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38965
₴31844
₴39757
₴41860
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
25 152
pensions
-
-
-
4 427
total
-
-
-
29 579
Employee
24 933
-
76 423
-
pensions
1 903
-
5 436
-
income
4 541
-
19 877
-
health
325
-
1 103
-
total
6 769
-
26 416
-
Employer
24 933
-
76 423
-
health
474
-
1 452
-
pensions
2 519
-
9 624
-
total
2 993
-
11 076
-
Corporate
59 574
87 500
-
-
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.

11 319
16 625
-
-
total
11 319
16 625
-
-
Dividends
48 255
70 875
-
-
withholding
6 395
13 746
-
-
total
6 395
13 746
-
-
Income
87 500
87 500
87 500
87 500
Total tax
27 476
30 371
37 492
29 579
After tax
60 024
57 129
50 008
57 921
Living cost
18 164
18 164
18 164
18 164
Free-cash
41 860
38 965
31 844
39 757

Estimated living cost  is ₴18164 per week

₴12461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4848
₴35567
₴47882
₴5256
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
accident
-
-
-
127
income
-
-
-
24 192
other
-
-
-
186
health
-
-
-
1 093
pensions
-
-
-
2 085
total
-
-
-
27 683
Employee
18 775
-
78 736
-
pensions
2 114
-
3 823
-
income
2 576
-
18 396
-
health
2 150
-
9 015
-
total
6 840
-
31 234
-
Employer
18 775
-
78 736
-
pensions
3 053
-
5 520
-
accident
314
-
1 315
-
unemployment
460
-
1 929
-
total
3 827
-
8 764
-
Corporate
64 899
87 500
-
-
income

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

58 409
78 750
-
-
total
58 409
78 750
-
-
Dividends
6 490
8 750
-
-
withholding
1 233
1 663
-
-
total
1 233
1 663
-
-
Income
87 500
87 500
87 500
87 500
Total tax
70 309
80 413
39 998
27 683
After tax
17 191
7 087
47 502
59 817
Living cost
11 935
11 935
11 935
11 935
Free-cash
5 256
-4 848
35 567
47 882

Estimated living cost  is ₴11935 per week

₴8759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴695
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66981
₴55586
₴44758
₴64677
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
87 500
income
-
-
-
14 438
unemployment
-
-
-
945
work injury
-
-
-
394
health insurance
-
-
-
5 827
pensions
-
-
-
14 488
total
-
-
-
36 092
Employee

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

10 641
-
87 500
-
health insurance
787
-
2 913
-
unemployment
128
-
472
-
work injury
53
-
197
-
pensions
1 958
-
7 244
-
income
1 064
-
14 438
-
total
3 990
-
25 264
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
76 859
87 500
-
-
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%.

769
875
-
-
total
769
875
-
-
Dividends
76 091
86 625
-
-
withholding
11 414
12 994
-
-
total
11 414
12 994
-
-
Income
87 500
87 500
87 500
87 500
Total tax
16 173
13 869
25 264
36 092
After tax
71 327
73 631
62 236
51 408
Living cost
6 650
6 650
6 650
6 650
Free-cash
64 677
66 981
55 586
44 758

Estimated living cost  is ₴6650 per week

₴4120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴483
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.
₴1840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26452
₴17265
₴21106
₴24210
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
social contributions
-
-
-
22 505
regional
-
-
-
2 005
municipal
-
-
-
585
national
-
-
-
21 662
total
-
-
-
46 757
Employee
41 538
-
87 500
-
municipal
248
-
522
-
national
7 020
-
18 792
-
regional
627
-
1 779
-
social contributions
14 006
-
29 505
-
total
21 901
-
50 598
-
Employer
41 538
-
87 500
-
total
-
-
-
-
Corporate
45 962
87 500
-
-
municipal
2 215
4 218
-
-
nationa
11 031
21 000
-
-
total
13 246
25 218
-
-
Dividends
32 716
62 282
-
-
withholding
8 506
16 193
-
-
total
8 506
16 193
-
-
Income
87 500
87 500
87 500
87 500
Total tax
43 653
41 411
50 598
46 757
After tax
43 847
46 089
36 902
40 743
Living cost
19 637
19 637
19 637
19 637
Free-cash
24 210
26 452
17 265
21 106

Estimated living cost  is ₴19637 per week

₴13794
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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