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
₴29257
₴40620
₴30435
₴34689
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
27 160
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.

-
-
-
1 494
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.

-
-
-
3 354
trade
-
-
-
10 185
total
-
-
-
42 193
Employee

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

18 780
-
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
-
1 494
-
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.

525
-
27 160
-
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.

3 354
-
3 354
-
total
3 908
-
32 008
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 720
87 500
-
-
income
10 308
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.

567
722
-
-
chamber of commerce
173
200
-
-
trade
10 824
13 781
-
-
total
21 872
27 828
-
-
Dividends
46 848
59 671
-
-
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.

634
811
-
-
withholding
11 525
14 732
-
-
total
12 159
15 543
-
-
Income
87 500
87 500
87 500
87 500
Total tax
37 939
43 371
32 008
42 193
After tax
49 561
44 129
55 492
45 307
Living cost
14 872
14 872
14 872
14 872
Free-cash
34 689
29 257
40 620
30 435

Estimated living cost  is ₴14872 per week

₴9355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28596
₴26334
₴25668
₴28164
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 565
national
-
-
-
14 822
pensions
-
-
-
10 500
total
-
-
-
35 828
Employee
40 311
-
75 643
-
municipal
4 979
-
9 904
-
pensions
1 612
-
3 026
-
national
7 716
-
15 368
-
total
14 307
-
28 298
-
Employer
40 311
-
75 643
-
pensions
3 225
-
6 051
-
social contributions
433
-
813
-
total
3 658
-
6 864
-
Corporate
40 870
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%.

8 174
17 500
-
-
total
8 174
17 500
-
-
Dividends
32 696
70 000
-
-
withholding
7 193
15 400
-
-
total
7 193
15 400
-
-
Income
87 500
87 500
87 500
87 500
Total tax
33 332
32 900
35 162
35 828
After tax
54 168
54 600
52 338
51 672
Living cost
26 004
26 004
26 004
26 004
Free-cash
28 164
28 596
26 334
25 668

Estimated living cost  is ₴26004 per week

₴17675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴389
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5523
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59785
₴26619
₴20065
₴55757
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 094
surtax
-
-
-
22 313
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.

-
-
-
18 813
microenterprise
-
-
-
-
total
-
-
-
57 220
Employee
14 348
-
66 129
-
surtax
-
-
9 589
-
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.

1 578
-
6 437
-
income
2 554
-
13 269
-
total
4 132
-
29 295
-
Employer
14 348
-
66 129
-
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.

3 456
-
14 097
-
surtax
-
-
7 274
-
total
3 456
-
21 371
-
Corporate
69 696
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%.

13 940
17 500
-
-
total
13 940
17 500
-
-
Dividends

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

55 757
70 000
-
-
total
-
-
-
-
Income
87 500
87 500
87 500
87 500
Total tax
21 528
17 500
50 666
57 220
After tax
65 972
70 000
36 834
30 280
Living cost
10 215
10 215
10 215
10 215
Free-cash
55 757
59 785
26 619
20 065

Estimated living cost  is ₴10215 per week

₴6517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22769
₴34207
₴27667
₴19759
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 456
health
-
-
-
6 055
pensions
-
-
-
5 753
total
-
-
-
39 264
Employee
41 930
41 930
78 375
-
pensions
7 547
5 753
5 753
-
income

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

6 863
6 863
11 791
-
health
6 436
5 474
6 055
-
total
20 846
18 090
23 599
-
Employer
41 930
41 930
78 375
-
health
2 915
2 915
3 622
-
pensions
2 918
2 918
3 627
-
unemployment
1 509
1 509
1 876
-
total
7 342
7 342
9 125
-
Corporate
38 742
38 227
-
-
income
7 749
7 645
-
-
total
7 749
7 645
-
-
Dividends
30 993
30 582
-
-
income
6 586
6 498
-
-
withholding
4 649
4 587
-
-
total
11 235
11 085
-
-
Income
87 500
87 500
87 500
87 500
Total tax
47 172
44 162
32 724
39 264
After tax
40 328
43 338
54 776
48 236
Living cost
20 569
20 569
20 569
20 569
Free-cash
19 759
22 769
34 207
27 667

Estimated living cost  is ₴20569 per week

₴14577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1854
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3811
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27519
₴24302
₴24794
₴27064
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 158
unemployment
-
-
-
44
health
-
-
-
2 770
municipal
-
-
-
22 257
national
-
-
-
7 333
pensions
-
-
-
4 799
total
-
-
-
42 450
Employee
28 862
-
73 552
-
municipal
8 607
-
21 933
-
national
-
-
7 061
-
total
8 607
-
28 994
-
Employer
28 862
-
73 552
-
health
1 775
-
2 730
-
pensions
3 120
-
4 799
-
accident
58
-
89
-
unemployment
762
-
1 172
-
other
3 354
-
5 158
-
total
9 069
-
13 948
-
Corporate
49 569
87 500
-
-
income
10 905
19 250
-
-
total
10 905
19 250
-
-
Dividends
38 664
68 250
-
-
withholding
11 599
20 475
-
-
total
11 599
20 475
-
-
Income
87 500
87 500
87 500
87 500
Total tax
40 180
39 725
42 942
42 450
After tax
47 320
47 775
44 558
45 050
Living cost
20 256
20 256
20 256
20 256
Free-cash
27 064
27 519
24 302
24 794

Estimated living cost  is ₴20256 per week

₴13425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4536
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24391
₴36203
₴25565
₴31291
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
27 160
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.

-
-
-
1 494
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.

-
-
-
3 354
trade
-
-
-
10 638
total
-
-
-
42 646
Employee

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

24 900
-
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.

117
-
1 494
-
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.

2 139
-
27 160
-
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.

3 354
-
3 354
-
total
5 610
-
32 008
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 600
87 500
-
-
income
9 390
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.

516
722
-
-
chamber of commerce
164
199
-
-
trade
10 298
14 393
-
-
total
20 368
28 439
-
-
Dividends
42 232
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
10 372
14 579
-
-
total
10 942
15 381
-
-
Income
87 500
87 500
87 500
87 500
Total tax
36 920
43 820
32 008
42 646
After tax
50 580
43 680
55 492
44 854
Living cost
19 289
19 289
19 289
19 289
Free-cash
31 291
24 391
36 203
25 565

Estimated living cost  is ₴19289 per week

₴12901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2034
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47902
₴43062
₴43829
₴45866
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 569
social contributions
-
-
-
7 944
health
-
-
-
2 232
total
-
-
-
27 745
Employee
37 756
37 756
81 761
-
social contributions
1 835
3 134
4 227
-
income
3 965
3 495
17 156
-
health
376
642
1 390
-
total
6 176
7 271
22 773
-
Employer
37 756
37 756
81 761
-
health
409
699
1 512
-
social contributions
1 835
3 134
4 227
-
total
2 244
3 833
5 739
-
Corporate
63 155
45 911
-
-
income
7 894
5 739
-
-
total
7 894
5 739
-
-
Dividends
55 261
40 172
-
-
withholding
9 394
6 829
-
-
total
9 394
6 829
-
-
Income
87 500
87 500
87 500
87 500
Total tax
25 708
23 672
28 512
27 745
After tax
61 792
63 828
58 988
59 755
Living cost
15 926
15 926
15 926
15 926
Free-cash
45 866
47 902
43 062
43 829

Estimated living cost  is ₴15926 per week

₴10887
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1244
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3528
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴40137
₴41710
₴51600
₴40326
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

13 014
5 179
73 222
-
unemployment
195
78
1 098
-
pensions
1 301
518
7 322
-
income
1 591
633
8 951
-
health
911
363
5 126
-
total
3 998
1 592
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.

13 014
5 179
73 222
-
pensions
2 538
1 010
14 278
-
total
2 538
1 010
14 278
-
Corporate
71 949
81 311
-
-
income
6 475
7 318
-
-
total
6 475
7 318
-
-
Dividends
65 473
73 993
-
-
social contributions
12 708
14 369
-
-
withholding
12 440
14 059
-
-
total
25 148
28 428
-
-
Income
87 500
87 500
87 500
87 500
Total tax
38 159
38 348
36 775
26 885
After tax
49 341
49 152
50 725
60 615
Living cost
9 015
9 015
9 015
9 015
Free-cash
40 326
40 137
41 710
51 600

Estimated living cost  is ₴9015 per week

₴6152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1945
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58140
₴38574
₴35040
₴55089
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
13 929
-
65 396
-
unemployment
223
-
1 046
-
pensions
279
-
1 308
-
income
1 568
-
12 608
-
total
2 070
-
14 962
-
Employer
13 929
-
65 396
-
health
1 810
-
8 502
-
pensions
2 786
-
13 079
-
unemployment
112
-
523
-
total
4 708
-
22 104
-
Corporate
68 862
87 500
-
-
income
13 773
17 500
-
-
total
13 773
17 500
-
-
Dividends
55 090
70 000
-
-
total
-
-
-
-
Income
87 500
87 500
87 500
87 500
Total tax
20 551
17 500
37 066
40 600
After tax
66 949
70 000
50 434
46 900
Living cost
11 860
11 860
11 860
11 860
Free-cash
55 089
58 140
38 574
35 040

Estimated living cost  is ₴11860 per week

₴8134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴706
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.
₴2780
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3861
₴36574
₴48868
₴5408
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
126
income
-
-
-
24 218
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
27 684
Employee
17 222
-
78 772
-
pensions
1 939
-
3 797
-
income
2 363
-
18 433
-
health
1 972
-
9 019
-
total
6 274
-
31 249
-
Employer
17 222
-
78 772
-
pensions
2 800
-
5 483
-
accident
288
-
1 316
-
unemployment
422
-
1 930
-
total
3 510
-
8 729
-
Corporate
66 768
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.

60 091
78 750
-
-
total
60 091
78 750
-
-
Dividends
6 677
8 750
-
-
withholding
1 269
1 663
-
-
total
1 269
1 663
-
-
Income
87 500
87 500
87 500
87 500
Total tax
71 144
80 413
39 978
27 684
After tax
16 356
7 087
47 522
59 816
Living cost
10 948
10 948
10 948
10 948
Free-cash
5 408
-3 861
36 574
48 868

Estimated living cost  is ₴10948 per week

₴8024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴607
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴79105
₴65980
₴82605
₴78351
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 025
-
87 500
-
income
1 005
-
17 500
-
total
1 005
-
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%.

82 475
87 500
-
-
total
-
-
-
-
Dividends
82 475
87 500
-
-
withholding
4 124
4 375
-
-
total
4 124
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
4 020
4 020
4 020
4 020
Free-cash
78 351
79 105
65 980
82 605

Estimated living cost  is ₴4020 per week

₴2491
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51203
₴36484
₴36056
₴47886
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 610
other
-
-
-
3 546
health
-
-
-
3 285
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.

-
-
-
17 920
total
-
-
-
38 361
Employee
17 828
-
69 887
-
unemployment
178
-
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.

1 248
-
4 892
-
income
3 069
-
13 752
-
health
250
-
978
-
total
4 745
-
20 321
-
Employer
17 828
-
69 887
-
health
250
-
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.

3 031
-
11 881
-
accident
143
-
559
-
unemployment
178
-
699
-
other
892
-
3 495
-
total
4 494
-
17 612
-
Corporate
65 179
87 500
-
-
income
13 688
18 375
-
-
total
13 688
18 375
-
-
Dividends
51 491
69 125
-
-
withholding
3 604
4 839
-
-
total
3 604
4 839
-
-
Income
87 500
87 500
87 500
87 500
Total tax
26 531
23 214
37 933
38 361
After tax
60 969
64 286
49 567
49 139
Living cost
13 083
13 083
13 083
13 083
Free-cash
47 886
51 203
36 484
36 056

Estimated living cost  is ₴13083 per week

₴9244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴883
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.
₴2745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24414
₴17292
₴25204
₴26120
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 147
pensions
-
-
-
4 429
total
-
-
-
29 576
Employee
46 294
-
76 424
-
pensions
4 466
-
5 437
-
income
8 345
-
19 873
-
health
763
-
1 102
-
total
13 574
-
26 412
-
Employer
46 294
-
76 424
-
health
879
-
1 452
-
pensions
5 466
-
9 624
-
total
6 345
-
11 076
-
Corporate
34 861
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.

6 623
16 625
-
-
total
6 623
16 625
-
-
Dividends
28 238
70 875
-
-
withholding
2 118
13 741
-
-
total
2 118
13 741
-
-
Income
87 500
87 500
87 500
87 500
Total tax
28 660
30 366
37 488
29 576
After tax
58 840
57 134
50 012
57 924
Living cost
32 720
32 720
32 720
32 720
Free-cash
26 120
24 414
17 292
25 204

Estimated living cost  is ₴32720 per week

₴24518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3844
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.
₴4092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴68374
₴66799
₴63356
₴66093
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 973
pensions

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

-
-
-
2 539
total
-
-
-
17 706
Employee
8 525
-
84 135
-
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.

749
-
1 506
-
income
852
-
8 413
-
health
392
-
789
-
total
2 087
-
10 897
-
Employer
8 525
-
84 135
-
health
588
-
1 184
-
pensions

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

940
-
1 890
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
unemployment
51
-
103
-
total
1 673
-
3 366
-
Corporate
77 302
87 500
-
-
income
7 730
8 750
-
-
total
7 730
8 750
-
-
Dividends
69 572
78 750
-
-
withholding
3 479
3 938
-
-
total
3 479
3 938
-
-
Income
87 500
87 500
87 500
87 500
Total tax
14 969
12 688
14 263
17 706
After tax
72 531
74 812
73 237
69 794
Living cost
6 438
6 438
6 438
6 438
Free-cash
66 093
68 374
66 799
63 356

Estimated living cost  is ₴6438 per week

₴3759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴460
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.
₴2049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16111
₴27549
₴21009
₴17345
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 456
health
-
-
-
6 055
pensions
-
-
-
5 753
total
-
-
-
39 264
Employee
45 523
41 930
78 375
-
pensions
5 753
5 753
5 753
-
income

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

6 863
6 863
11 791
-
health
5 679
5 474
6 055
-
total
18 295
18 090
23 599
-
Employer
45 523
41 930
78 375
-
health
3 163
2 915
3 622
-
pensions
3 168
2 918
3 627
-
unemployment
1 639
1 509
1 876
-
total
7 970
7 342
9 125
-
Corporate
34 007
38 227
-
-
income
6 801
7 645
-
-
total
6 801
7 645
-
-
Dividends
27 206
30 582
-
-
income
5 781
6 498
-
-
withholding
4 081
4 587
-
-
total
9 862
11 085
-
-
Income
87 500
87 500
87 500
87 500
Total tax
42 928
44 162
32 724
39 264
After tax
44 572
43 338
54 776
48 236
Living cost
27 227
27 227
27 227
27 227
Free-cash
17 345
16 111
27 549
21 009

Estimated living cost  is ₴27227 per week

₴20085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4399
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48043
₴33361
₴37210
₴43690
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 720
social contributions
-
-
-
17 557
solidarity contribution
-
-
-
-
health
-
-
-
11 812
total
-
-
-
38 089
Employee
17 942
-
66 485
-
solidarity contribution
-
-
-
-
social contributions
1 166
-
3 908
-
income
2 153
-
8 040
-
health
2 422
-
8 975
-
total
5 741
-
20 923
-
Employer
17 942
-
66 485
-
health
1 615
-
5 984
-
social contributions
4 486
-
15 031
-
total
6 101
-
21 015
-
Corporate
63 457
87 500
-
-
income
12 057
16 625
-
-
total
12 057
16 625
-
-
Dividends
51 400
70 875
-
-
withholding
7 710
10 631
-
-
total
7 710
10 631
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 609
27 256
41 938
38 089
After tax
55 891
60 244
45 562
49 411
Living cost
12 201
12 201
12 201
12 201
Free-cash
43 690
48 043
33 361
37 210

Estimated living cost  is ₴12201 per week

₴8475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2618
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25966
₴17088
₴21040
₴23402
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 682
total
-
-
-
45 741
Employee
43 638
-
87 500
-
municipal
231
-
464
-
national
7 561
-
18 812
-
regional
412
-
912
-
social contributions
14 715
-
29 505
-
total
22 919
-
49 693
-
Employer
43 638
-
87 500
-
total
-
-
-
-
Corporate
43 862
87 500
-
-
municipal
1 711
3 412
-
-
nationa
10 527
21 000
-
-
total
12 238
24 412
-
-
Dividends
31 624
63 088
-
-
withholding
8 222
16 403
-
-
total
8 222
16 403
-
-
Income
87 500
87 500
87 500
87 500
Total tax
43 379
40 815
49 693
45 741
After tax
44 121
46 685
37 807
41 759
Living cost
20 719
20 719
20 719
20 719
Free-cash
23 402
25 966
17 088
21 040

Estimated living cost  is ₴20719 per week

₴14443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1359
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4599
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44202
₴27556
₴30559
₴42673
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 438
other
-
-
-
-
surtax
-
-
-
3 798
unemployment
-
-
-
112
health
-
-
-
4 652
pensions
-
-
-
13 106
total
-
-
-
46 106
Employee
16 237
-
73 706
-
other
-
-
-
-
unemployment
1 130
-
4 561
-
pensions
1 083
-
4 371
-
surtax
53
-
3 211
-
income
2 722
-
21 501
-
health
415
-
1 671
-
total
5 403
-
35 315
-
Employer
16 237
-
73 706
-
health
739
-
2 982
-
pensions
2 165
-
8 735
-
unemployment
514
-
2 077
-
other
-
-
-
-
total
3 418
-
13 794
-
Corporate
67 845
87 500
-
-
income
17 640
22 750
-
-
total
17 640
22 750
-
-
Dividends
50 205
64 750
-
-
withholding
7 531
9 713
-
-
total
7 531
9 713
-
-
Income
87 500
87 500
87 500
87 500
Total tax
33 992
32 463
49 109
46 106
After tax
53 508
55 037
38 391
41 394
Living cost
10 835
10 835
10 835
10 835
Free-cash
42 673
44 202
27 556
30 559

Estimated living cost  is ₴10835 per week

₴6625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34781
₴27659
₴35571
₴38013
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 147
pensions
-
-
-
4 429
total
-
-
-
29 576
Employee
31 025
-
76 424
-
pensions
2 633
-
5 437
-
income
5 588
-
19 873
-
health
450
-
1 102
-
total
8 671
-
26 412
-
Employer
31 025
-
76 424
-
health
589
-
1 452
-
pensions
3 358
-
9 624
-
total
3 947
-
11 076
-
Corporate
52 527
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.

9 981
16 625
-
-
total
9 981
16 625
-
-
Dividends
42 547
70 875
-
-
withholding
4 535
13 741
-
-
total
4 535
13 741
-
-
Income
87 500
87 500
87 500
87 500
Total tax
27 134
30 366
37 488
29 576
After tax
60 366
57 134
50 012
57 924
Living cost
22 353
22 353
22 353
22 353
Free-cash
38 013
34 781
27 659
35 571

Estimated living cost  is ₴22353 per week

₴16747
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.
₴3697
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴1200
₴28038
₴32086
₴17806
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 280
health
-
-
-
197
city
-
-
-
922
national
-
-
-
1 404
pensions
-
-
-
8 050
total
-
-
-
16 603
Employee
45 419
-
78 317
-
unemployment
-
-
-
-
pensions
3 816
-
6 579
-
national
215
-
1 046
-
regional
1 487
-
3 688
-
city
487
-
841
-
health
103
-
176
-
total
6 108
-
12 330
-
Employer
45 419
-
78 317
-
health
103
-
176
-
pensions
3 816
-
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.

908
-
1 566
-
total
4 827
-
8 321
-
Corporate
36 755
87 500
-
-
regional
7 774
18 507
-
-
national
3 124
7 437
-
-
total
10 898
25 944
-
-
Dividends
25 857
61 556
-
-
withholding
9 050
21 545
-
-
total
9 050
21 545
-
-
Income
87 500
87 500
87 500
87 500
Total tax
30 883
47 489
20 651
16 603
After tax
56 617
40 011
66 849
70 897
Living cost
38 811
38 811
38 811
38 811
Free-cash
17 806
1 200
28 038
32 086

Estimated living cost  is ₴38811 per week

₴25238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴20736
₴32999
₴21908
₴28700
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
27 160
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.

-
-
-
1 494
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.

-
-
-
3 354
trade
-
-
-
11 091
total
-
-
-
43 099
Employee

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

29 509
-
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.

191
-
1 494
-
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.

3 470
-
27 160
-
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.

3 354
-
3 354
-
total
7 015
-
32 008
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 991
87 500
-
-
income
8 698
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.

478
722
-
-
chamber of commerce
157
198
-
-
trade
9 946
15 006
-
-
total
19 279
29 051
-
-
Dividends
38 713
58 449
-
-
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.

522
794
-
-
withholding
9 491
14 426
-
-
total
10 013
15 220
-
-
Income
87 500
87 500
87 500
87 500
Total tax
36 307
44 271
32 008
43 099
After tax
51 193
43 229
55 492
44 401
Living cost
22 493
22 493
22 493
22 493
Free-cash
28 700
20 736
32 999
21 908

Estimated living cost  is ₴22493 per week

₴16428
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1799
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27301
₴31164
₴32494
₴30200
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 765
other
-
-
-
2 712
surtax
-
-
-
-
social contributions
-
-
-
2 493
health
-
-
-
3 731
pensions
-
-
-
15 506
total
-
-
-
38 207
Employee
21 015
-
67 745
-
pensions
2 376
-
4 700
-
surtax
-
-
-
-
social contributions
599
-
1 930
-
income
1 240
-
13 153
-
total
4 215
-
19 783
-
Employer
21 015
-
67 745
-
health
1 471
-
6 256
-
pensions
3 452
-
7 913
-
unemployment
851
-
2 744
-
social contributions
63
-
203
-
other
725
-
2 638
-
total
6 562
-
19 754
-
Corporate
59 923
87 500
-
-
income
16 779
24 500
-
-
surtax
-
-
-
-
total
16 779
24 500
-
-
Dividends
43 144
63 000
-
-
surtax
-
-
-
-
social contributions
7 422
10 836
-
-
withholding
5 523
8 064
-
-
total
12 945
18 900
-
-
Income
87 500
87 500
87 500
87 500
Total tax
40 501
43 400
39 537
38 207
After tax
46 999
44 100
47 963
49 293
Living cost
16 799
16 799
16 799
16 799
Free-cash
30 200
27 301
31 164
32 494

Estimated living cost  is ₴16799 per week

₴10593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28965
₴32828
₴34158
₴31693
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 765
other
-
-
-
2 712
surtax
-
-
-
-
social contributions
-
-
-
2 493
health
-
-
-
3 731
pensions
-
-
-
15 506
total
-
-
-
38 207
Employee
18 758
-
67 745
-
pensions
2 122
-
4 700
-
surtax
-
-
-
-
social contributions
535
-
1 930
-
income
967
-
13 153
-
total
3 624
-
19 783
-
Employer
18 758
-
67 745
-
health
1 313
-
6 256
-
pensions
3 082
-
7 913
-
unemployment
759
-
2 744
-
social contributions
56
-
203
-
other
648
-
2 638
-
total
5 858
-
19 754
-
Corporate
62 883
87 500
-
-
income
17 607
24 500
-
-
surtax
-
-
-
-
total
17 607
24 500
-
-
Dividends
45 276
63 000
-
-
surtax
-
-
-
-
social contributions
7 787
10 836
-
-
withholding
5 796
8 064
-
-
total
13 583
18 900
-
-
Income
87 500
87 500
87 500
87 500
Total tax
40 672
43 400
39 537
38 207
After tax
46 828
44 100
47 963
49 293
Living cost
15 135
15 135
15 135
15 135
Free-cash
31 693
28 965
32 828
34 158

Estimated living cost  is ₴15135 per week

₴8777
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1537
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.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42971
₴43946
₴45780
₴43224
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 108
total
-
-
-
31 308
Employee
16 648
-
87 500
-
social contributions
2 298
-
12 075
-
income
2 777
-
14 959
-
health
1 162
-
6 108
-
total
6 237
-
33 142
-
Employer
16 648
-
87 500
-
total
-
-
-
-
Corporate
70 852
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%.

3 543
4 375
-
-
total
3 543
4 375
-
-
Dividends
67 309
83 125
-
-
social contributions
9 289
11 471
-
-
withholding
10 097
12 469
-
-
health
4 698
5 802
-
-
total
24 084
29 742
-
-
Income
87 500
87 500
87 500
87 500
Total tax
33 864
34 117
33 142
31 308
After tax
53 636
53 383
54 358
56 192
Living cost
10 412
10 412
10 412
10 412
Free-cash
43 224
42 971
43 946
45 780

Estimated living cost  is ₴10412 per week

₴6968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴642
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.
₴2561
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31103
₴5881
₴27610
₴30344
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 130
surtax
-
-
-
97
unemployment
-
-
-
3 012
chamber of commerce
-
-
-
350
health
-
-
-
4 388
pensions
-
-
-
10 612
total
-
-
-
42 589
Employee
24 539
19 567
69 974
-
other
245
196
574
-
unemployment
736
587
1 721
-
pensions
2 513
2 003
5 874
-
income
2 793
1 443
19 376
-
health
949
758
2 220
-
total
7 236
4 987
29 765
-
Employer
24 539
19 567
69 974
-
chamber of commerce
98
78
280
-
health
927
740
2 168
-
pensions
3 080
2 456
7 199
-
accident
319
254
745
-
unemployment
736
587
1 721
-
surtax
97
97
97
-
payroll
736
587
2 099
-
other
1 166
929
3 217
-
total
7 159
5 728
17 526
-
Corporate
55 804
62 204
68 110
-
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.

13 951
15 551
17 027
-
total
13 951
15 551
17 027
-
Dividends
41 853
46 653
-
-
withholding
11 509
12 830
-
-
total
11 509
12 830
-
-
Income
87 500
87 500
87 500
87 500
Total tax
39 855
39 096
64 318
42 589
After tax
47 645
48 404
23 182
44 911
Living cost
17 301
17 301
17 301
17 301
Free-cash
30 344
31 103
5 881
27 610

Estimated living cost  is ₴17301 per week

₴11539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4002
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31031
₴12846
₴20038
₴23667
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
4 515
social contributions
-
-
-
12 242
national
-
-
-
32 802
total
-
-
-
49 559
Employee

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

35 122
-
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.

306
-
590
-
communal

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

1 832
-
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.

2 634
-
5 083
-
national
10 798
-
24 630
-
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.

1 650
-
3 185
-
total
17 220
-
37 023
-
Employer

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

35 122
-
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.

2 160
-
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.

3 112
-
6 004
-
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.

457
-
881
-
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.

512
-
990
-
surtax
3 982
-
7 685
-
total
10 223
-
19 728
-
Corporate
42 154
87 500
-
-
income
8 431
17 500
-
-
surtax
169
350
-
-
total
8 600
17 850
-
-
Dividends
33 555
69 650
-
-
withholding

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

9 887
20 716
-
-
total
9 887
20 716
-
-
Income
87 500
87 500
87 500
87 500
Total tax
45 930
38 566
56 751
49 559
After tax
41 570
48 934
30 749
37 941
Living cost
17 903
17 903
17 903
17 903
Free-cash
23 667
31 031
12 846
20 038

Estimated living cost  is ₴17903 per week

₴11532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1565
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40580
₴29301
₴31361
₴37216
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
410
income
-
-
-
24 753
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
38 407
Employee
24 441
-
72 991
-
other
24
-
46
-
unemployment
379
-
705
-
pensions
1 149
-
2 139
-
income
5 157
-
23 068
-
total
6 709
-
25 958
-
Employer
24 441
-
72 991
-
pensions
5 768
-
10 741
-
accident
484
-
901
-
unemployment
1 345
-
2 503
-
other
195
-
364
-
total
7 792
-
14 509
-
Corporate
55 268
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.

8 290
13 125
-
-
total
8 290
13 125
-
-
Dividends
46 978
74 375
-
-
withholding
9 761
16 063
-
-
total
9 761
16 063
-
-
Income
87 500
87 500
87 500
87 500
Total tax
32 552
29 188
40 467
38 407
After tax
54 948
58 312
47 033
49 093
Living cost
17 732
17 732
17 732
17 732
Free-cash
37 216
40 580
29 301
31 361

Estimated living cost  is ₴17732 per week

₴13058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1258
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3161
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24434
₴19954
₴16465
₴18128
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 483
surtax
-
-
-
4 337
health
-
-
-
6 148
pensions
-
-
-
13 115
total
-
-
-
44 351
Employee
37 184
-
78 159
-
pensions
2 974
-
6 252
-
surtax
2 279
-
4 790
-
income
3 592
-
17 003
-
health
1 655
-
3 478
-
total
10 500
-
31 523
-
Employer
37 184
-
78 159
-
health
1 134
-
2 384
-
pensions
2 974
-
6 252
-
accident
335
-
703
-
total
4 443
-
9 339
-
Corporate
45 873
87 500
-
-
communal
3 096
5 907
-
-
income
6 881
13 125
-
-
surtax
482
919
-
-
total
10 459
19 951
-
-
Dividends
35 414
67 550
-
-
income
11 974
6 299
-
-
withholding
5 312
10 132
-
-
total
17 286
16 431
-
-
Income
87 500
87 500
87 500
87 500
Total tax
42 688
36 382
40 862
44 351
After tax
44 812
51 118
46 638
43 149
Living cost
26 684
26 684
26 684
26 684
Free-cash
18 128
24 434
19 954
16 465

Estimated living cost  is ₴26684 per week

₴20017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
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.
₴4767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44008
₴27362
₴30365
₴42445
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 438
other
-
-
-
-
surtax
-
-
-
3 798
unemployment
-
-
-
112
health
-
-
-
4 652
pensions
-
-
-
13 106
total
-
-
-
46 106
Employee
16 536
-
73 706
-
other
-
-
-
-
unemployment
1 151
-
4 561
-
pensions
1 103
-
4 371
-
surtax
59
-
3 211
-
income
2 772
-
21 501
-
health
422
-
1 671
-
total
5 507
-
35 315
-
Employer
16 536
-
73 706
-
health
752
-
2 982
-
pensions
2 205
-
8 735
-
unemployment
525
-
2 077
-
other
-
-
-
-
total
3 482
-
13 794
-
Corporate
67 483
87 500
-
-
income
17 546
22 750
-
-
total
17 546
22 750
-
-
Dividends
49 938
64 750
-
-
withholding
7 491
9 713
-
-
total
7 491
9 713
-
-
Income
87 500
87 500
87 500
87 500
Total tax
34 026
32 463
49 109
46 106
After tax
53 474
55 037
38 391
41 394
Living cost
11 029
11 029
11 029
11 029
Free-cash
42 445
44 008
27 362
30 365

Estimated living cost  is ₴11029 per week

₴6659
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴959
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.
₴3156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32765
₴24315
₴28247
₴31675
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 682
total
-
-
-
46 026
Employee
27 237
-
87 500
-
municipal
144
-
464
-
national
4 315
-
18 812
-
regional
367
-
1 177
-
social contributions
9 185
-
29 505
-
total
14 011
-
49 958
-
Employer
27 237
-
87 500
-
total
-
-
-
-
Corporate
60 263
87 500
-
-
municipal
2 995
4 349
-
-
nationa
14 463
21 000
-
-
total
17 458
25 349
-
-
Dividends
42 805
62 152
-
-
withholding
11 129
16 159
-
-
total
11 129
16 159
-
-
Income
87 500
87 500
87 500
87 500
Total tax
42 598
41 508
49 958
46 026
After tax
44 902
45 992
37 542
41 474
Living cost
13 227
13 227
13 227
13 227
Free-cash
31 675
32 765
24 315
28 247

Estimated living cost  is ₴13227 per week

₴8226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1340
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3435
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45209
₴30527
₴34376
₴39845
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 720
social contributions
-
-
-
17 557
solidarity contribution
-
-
-
-
health
-
-
-
11 812
total
-
-
-
38 089
Employee
22 110
-
66 485
-
solidarity contribution
-
-
-
-
social contributions
1 437
-
3 908
-
income
2 653
-
8 040
-
health
2 985
-
8 975
-
total
7 075
-
20 923
-
Employer
22 110
-
66 485
-
health
1 990
-
5 984
-
social contributions
5 527
-
15 031
-
total
7 517
-
21 015
-
Corporate
57 873
87 500
-
-
income
10 996
16 625
-
-
total
10 996
16 625
-
-
Dividends
46 877
70 875
-
-
withholding
7 032
10 631
-
-
total
7 032
10 631
-
-
Income
87 500
87 500
87 500
87 500
Total tax
32 620
27 256
41 938
38 089
After tax
54 880
60 244
45 562
49 411
Living cost
15 035
15 035
15 035
15 035
Free-cash
39 845
45 209
30 527
34 376

Estimated living cost  is ₴15035 per week

₴11181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32793
₴7542
₴29343
₴32549
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 130
surtax
-
-
-
-
unemployment
-
-
-
3 012
chamber of commerce
-
-
-
350
health
-
-
-
4 388
pensions
-
-
-
10 612
total
-
-
-
42 492
Employee
21 463
19 567
70 064
-
other
214
196
574
-
unemployment
644
587
1 721
-
pensions
2 198
2 003
5 874
-
income
1 912
1 443
19 419
-
health
830
758
2 220
-
total
5 798
4 987
29 808
-
Employer
21 463
19 567
70 064
-
chamber of commerce
86
78
280
-
health
812
740
2 168
-
pensions
2 694
2 456
7 199
-
accident
279
254
745
-
unemployment
644
587
1 721
-
surtax
-
-
-
-
payroll
644
587
2 102
-
other
1 019
929
3 220
-
total
6 178
5 631
17 435
-
Corporate
59 860
62 301
68 200
-
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.

14 964
15 575
17 050
-
total
14 964
15 575
17 050
-
Dividends
44 895
46 726
-
-
withholding
12 346
12 849
-
-
total
12 346
12 849
-
-
Income
87 500
87 500
87 500
87 500
Total tax
39 286
39 042
64 293
42 492
After tax
48 214
48 458
23 207
45 008
Living cost
15 665
15 665
15 665
15 665
Free-cash
32 549
32 793
7 542
29 343

Estimated living cost  is ₴15665 per week

₴9397
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1600
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4389
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴76861
₴63736
₴80361
₴75687
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 830
-
87 500
-
income
1 566
-
17 500
-
total
1 566
-
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%.

79 670
87 500
-
-
total
-
-
-
-
Dividends
79 670
87 500
-
-
withholding
3 983
4 375
-
-
total
3 983
4 375
-
-
Income
87 500
87 500
87 500
87 500
Total tax
5 549
4 375
17 500
875
After tax
81 951
83 125
70 000
86 625
Living cost
6 264
6 264
6 264
6 264
Free-cash
75 687
76 861
63 736
80 361

Estimated living cost  is ₴6264 per week

₴4239
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.
₴1552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47073
₴27197
₴29514
₴42967
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 095
unemployment
-
-
-
131
health
-
-
-
8 610
pensions
-
-
-
15 980
total
-
-
-
44 816
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.

21 713
-
75 712
-
unemployment
31
-
106
-
pensions
3 366
-
11 735
-
income
3 744
-
18 613
-
health
1 402
-
4 891
-
total
8 543
-
35 345
-
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.

21 713
-
75 712
-
health
1 446
-
5 042
-
pensions
1 921
-
6 700
-
unemployment
13
-
46
-
total
3 380
-
11 788
-
Corporate
62 407
87 500
-
-
income
11 857
16 625
-
-
total
11 857
16 625
-
-
Dividends
50 550
70 875
-
-
withholding
7 583
10 632
-
-
total
7 583
10 632
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 363
27 257
47 133
44 816
After tax
56 137
60 243
40 367
42 684
Living cost
13 170
13 170
13 170
13 170
Free-cash
42 967
47 073
27 197
29 514

Estimated living cost  is ₴13170 per week

₴9038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3033
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31684
₴59379
₴38918
₴7926
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 056
social contributions
-
-
-
9 975
total
-
-
-
27 031
Employee
30 900
-
-
-
social contributions
2 534
-
361
-
income
6 816
-
-
-
total
9 350
-
361
-
Employer
30 900
-
-
-
social contributions
43 570
-
6 209
-
total
43 570
-
6 209
-
Corporate
13 030
87 500
-
-
income
2 867
19 250
-
-
total
2 867
19 250
-
-
Dividends
10 163
68 250
-
-
income
2 236
15 015
-
-
total
2 236
15 015
-
-
Income
87 500
87 500
87 500
87 500
Total tax
58 023
34 265
6 570
27 031
After tax
29 477
53 235
80 930
60 469
Living cost
21 551
21 551
21 551
21 551
Free-cash
7 926
31 684
59 379
38 918

Estimated living cost  is ₴21551 per week

₴13983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2027
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34369
₴24760
₴31394
₴33875
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 299
surtax
-
-
-
-
social contributions

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

-
-
-
30 406
total
-
-
-
40 705
Employee
22 583
-
70 707
-
surtax
-
-
-
-
social contributions
2 484
-
7 778
-
income
4 697
-
22 768
-
total
7 181
-
30 546
-
Employer
22 583
-
70 707
-
social contributions
5 363
-
16 793
-
total
5 363
-
16 793
-
Corporate
59 554
87 500
-
-
income
12 506
18 375
-
-
surtax
-
-
-
-
total
12 506
18 375
-
-
Dividends
47 048
69 125
-
-
withholding
13 174
19 355
-
-
total
13 174
19 355
-
-
Income
87 500
87 500
87 500
87 500
Total tax
38 224
37 730
47 339
40 705
After tax
49 276
49 770
40 161
46 795
Living cost
15 401
15 401
15 401
15 401
Free-cash
33 875
34 369
24 760
31 394

Estimated living cost  is ₴15401 per week

₴11523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴908
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.
₴2712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20385
₴24248
₴25578
₴23761
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 765
other
-
-
-
2 712
surtax
-
-
-
-
social contributions
-
-
-
2 493
health
-
-
-
3 731
pensions
-
-
-
15 506
total
-
-
-
38 207
Employee
30 753
-
67 745
-
pensions
3 478
-
4 700
-
surtax
-
-
-
-
social contributions
876
-
1 930
-
income
2 683
-
13 153
-
total
7 037
-
19 783
-
Employer
30 753
-
67 745
-
health
2 152
-
6 256
-
pensions
5 053
-
7 913
-
unemployment
1 246
-
2 744
-
social contributions
92
-
203
-
other
1 061
-
2 638
-
total
9 604
-
19 754
-
Corporate
47 142
87 500
-
-
income
13 200
24 500
-
-
surtax
-
-
-
-
total
13 200
24 500
-
-
Dividends
33 943
63 000
-
-
surtax
-
-
-
-
social contributions
5 838
10 836
-
-
withholding
4 345
8 064
-
-
total
10 183
18 900
-
-
Income
87 500
87 500
87 500
87 500
Total tax
40 024
43 400
39 537
38 207
After tax
47 476
44 100
47 963
49 293
Living cost
23 715
23 715
23 715
23 715
Free-cash
23 761
20 385
24 248
25 578

Estimated living cost  is ₴23715 per week

₴16050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5400
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63990
₴51972
₴49645
₴62340
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 844
social contributions
-
-
-
19 251
total
-
-
-
23 095
Employee
15 785
-
75 758
-
income
-
-
4 102
-
social contributions
1 026
-
4 924
-
total
1 026
-
9 026
-
Employer
15 785
-
75 758
-
social contributions
2 447
-
11 742
-
total
2 447
-
11 742
-
Corporate
69 268
87 500
-
-
income
6 927
8 750
-
-
total
6 927
8 750
-
-
Dividends
62 341
78 750
-
-
total
-
-
-
-
Income
87 500
87 500
87 500
87 500
Total tax
10 400
8 750
20 768
23 095
After tax
77 100
78 750
66 732
64 405
Living cost
14 760
14 760
14 760
14 760
Free-cash
62 340
63 990
51 972
49 645

Estimated living cost  is ₴14760 per week

₴9543
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1113
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and 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

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
-₴19427
-₴19427
₴27910
-₴19427
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 258
national
-
-
-
10 306
pensions
-
-
-
425
total
-
-
-
35 955
Employee
99 759
99 759
99 759
-
municipal
21 243
21 243
21 243
-
labour market
7 969
7 969
7 969
-
pensions
142
142
142
-
national
12 187
12 187
12 187
-
total
41 541
41 541
41 541
-
Employer
99 759
99 759
99 759
-
national
12 209
12 209
12 209
-
labour market
7 981
7 981
7 981
-
pensions
284
284
284
-
municipal
21 277
21 277
21 277
-
total
41 751
41 751
41 751
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
87 500
87 500
87 500
87 500
Total tax
83 292
83 292
83 292
35 955
After tax
4 208
4 208
4 208
51 545
Living cost
23 635
23 635
23 635
23 635
Free-cash
-19 427
-19 427
-19 427
27 910

Estimated living cost  is ₴23635 per week

₴16176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2091
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴363
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3700
₴36735
₴49029
₴5433
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
126
income
-
-
-
24 218
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
27 684
Employee
16 969
-
78 772
-
pensions
1 911
-
3 797
-
income
2 328
-
18 433
-
health
1 943
-
9 019
-
total
6 182
-
31 249
-
Employer
16 969
-
78 772
-
pensions
2 759
-
5 483
-
accident
283
-
1 316
-
unemployment
416
-
1 930
-
total
3 458
-
8 729
-
Corporate
67 073
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.

60 366
78 750
-
-
total
60 366
78 750
-
-
Dividends
6 707
8 750
-
-
withholding
1 274
1 663
-
-
total
1 274
1 663
-
-
Income
87 500
87 500
87 500
87 500
Total tax
71 280
80 413
39 978
27 684
After tax
16 220
7 087
47 522
59 816
Living cost
10 787
10 787
10 787
10 787
Free-cash
5 433
-3 700
36 735
49 029

Estimated living cost  is ₴10787 per week

₴7852
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴615
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.
₴2118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35916
₴26987
₴37440
₴37175
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 523
total
-
-
-
31 209
Employee
25 833
-
73 611
-
municipal
4 231
-
11 989
-
unemployment
388
-
1 104
-
pensions
1 743
-
4 968
-
national
427
-
8 782
-
health
193
-
929
-
total
6 982
-
27 772
-
Employer
25 833
-
73 611
-
health
198
-
567
-
pensions
4 482
-
12 771
-
accident
26
-
74
-
unemployment
168
-
478
-
total
4 874
-
13 890
-
Corporate
56 793
87 500
-
-
income
11 358
17 500
-
-
total
11 358
17 500
-
-
Dividends

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

34 076
52 500
-
-
municipal
6 134
9 450
-
-
national
2 126
5 783
-
-
total
8 260
15 233
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 474
32 733
41 662
31 209
After tax
56 026
54 767
45 838
56 291
Living cost
18 851
18 851
18 851
18 851
Free-cash
37 175
35 916
26 987
37 440

Estimated living cost  is ₴18851 per week

₴12314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1813
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52460
₴47620
₴48387
₴49789
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 569
social contributions
-
-
-
7 944
health
-
-
-
2 232
total
-
-
-
27 745
Employee
37 756
37 756
81 761
-
social contributions
1 427
3 134
4 227
-
income
4 111
3 495
17 156
-
health
293
642
1 390
-
total
5 831
7 271
22 773
-
Employer
37 756
37 756
81 761
-
health
318
699
1 512
-
social contributions
1 427
3 134
4 227
-
total
1 745
3 833
5 739
-
Corporate
68 555
45 911
-
-
income
8 570
5 739
-
-
total
8 570
5 739
-
-
Dividends
59 986
40 172
-
-
withholding
10 197
6 829
-
-
total
10 197
6 829
-
-
Income
87 500
87 500
87 500
87 500
Total tax
26 343
23 672
28 512
27 745
After tax
61 157
63 828
58 988
59 755
Living cost
11 368
11 368
11 368
11 368
Free-cash
49 789
52 460
47 620
48 387

Estimated living cost  is ₴11368 per week

₴6813
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1115
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64663
₴56031
₴65879
₴62164
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 911
unemployment
-
-
-
14
health
-
-
-
1 777
pensions
-
-
-
3 123
total
-
-
-
13 825
Employee

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

11 270
-
82 701
-
unemployment
56
-
233
-
pensions
1 690
-
6 988
-
income
771
-
7 694
-
health
958
-
3 960
-
total
3 475
-
18 875
-
Employer

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

11 270
-
82 701
-
health
485
-
2 003
-
pensions
620
-
2 562
-
unemployment
56
-
233
-
total
1 161
-
4 798
-
Corporate
75 070
87 500
-
-
income
6 756
7 875
-
-
total
6 756
7 875
-
-
Dividends
68 313
79 625
-
-
withholding
6 148
7 166
-
-
total
6 148
7 166
-
-
Income
87 500
87 500
87 500
87 500
Total tax
17 540
15 041
23 673
13 825
After tax
69 960
72 459
63 827
73 675
Living cost
7 796
7 796
7 796
7 796
Free-cash
62 164
64 663
56 031
65 879

Estimated living cost  is ₴7796 per week

₴4974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44810
₴33531
₴35591
₴42642
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
410
income
-
-
-
24 753
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
38 407
Employee
18 156
-
72 991
-
other
18
-
46
-
unemployment
281
-
705
-
pensions
854
-
2 139
-
income
3 500
-
23 068
-
total
4 653
-
25 958
-
Employer
18 156
-
72 991
-
pensions
4 284
-
10 741
-
accident
360
-
901
-
unemployment
999
-
2 503
-
other
145
-
364
-
total
5 788
-
14 509
-
Corporate
63 556
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.

9 533
13 125
-
-
total
9 533
13 125
-
-
Dividends
54 023
74 375
-
-
withholding
11 382
16 063
-
-
total
11 382
16 063
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 356
29 188
40 467
38 407
After tax
56 144
58 312
47 033
49 093
Living cost
13 502
13 502
13 502
13 502
Free-cash
42 642
44 810
33 531
35 591

Estimated living cost  is ₴13502 per week

₴9114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1298
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53640
₴55283
₴55351
₴53481
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
508
pensions
-
-
-
700
total
-
-
-
31 189
Employee
1 463
-
86 712
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
29 944
-
health
73
-
175
-
total
503
-
30 469
-
Employer
1 463
-
86 712
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
85 708
87 500
-
-
income
18 856
19 250
-
-
total
18 856
19 250
-
-
Dividends
66 853
68 250
-
-
withholding
13 371
13 650
-
-
total
13 371
13 650
-
-
Income
87 500
87 500
87 500
87 500
Total tax
33 059
32 900
31 257
31 189
After tax
54 441
54 600
56 243
56 311
Living cost
960
960
960
960
Free-cash
53 481
53 640
55 283
55 351

Estimated living cost  is ₴960 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
₴54728
₴45469
₴45470
₴52312
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 824
unemployment
-
-
-
544
health
-
-
-
3 737
pensions
-
-
-
9 434
total
-
-
-
33 539
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.

12 804
-
81 005
-
unemployment
96
-
272
-
pensions
1 793
-
5 080
-
income
1 765
-
19 824
-
health
659
-
1 869
-
total
4 313
-
27 045
-
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.

12 804
-
81 005
-
health
659
-
1 869
-
pensions
1 536
-
4 354
-
unemployment
96
-
272
-
total
2 291
-
6 495
-
Corporate
72 404
87 500
-
-
income
10 861
13 125
-
-
total
10 861
13 125
-
-
Dividends
61 544
74 375
-
-
withholding
9 232
11 156
-
-
total
9 232
11 156
-
-
Income
87 500
87 500
87 500
87 500
Total tax
26 697
24 281
33 540
33 539
After tax
60 803
63 219
53 960
53 961
Living cost
8 491
8 491
8 491
8 491
Free-cash
52 312
54 728
45 469
45 470

Estimated living cost  is ₴8491 per week

₴5717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴657
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36533
₴26924
₴33558
₴36355
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 299
surtax
-
-
-
-
social contributions

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

-
-
-
30 406
total
-
-
-
40 705
Employee
19 057
-
70 707
-
surtax
-
-
-
-
social contributions
2 097
-
7 778
-
income
3 724
-
22 768
-
total
5 821
-
30 546
-
Employer
19 057
-
70 707
-
social contributions
4 526
-
16 793
-
total
4 526
-
16 793
-
Corporate
63 917
87 500
-
-
income
13 422
18 375
-
-
surtax
-
-
-
-
total
13 422
18 375
-
-
Dividends
50 495
69 125
-
-
withholding
14 139
19 355
-
-
total
14 139
19 355
-
-
Income
87 500
87 500
87 500
87 500
Total tax
37 908
37 730
47 339
40 705
After tax
49 592
49 770
40 161
46 795
Living cost
13 237
13 237
13 237
13 237
Free-cash
36 355
36 533
26 924
33 558

Estimated living cost  is ₴13237 per week

₴9376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41056
₴29777
₴31837
₴37844
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
410
income
-
-
-
24 753
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
38 407
Employee
23 714
-
72 991
-
other
23
-
46
-
unemployment
367
-
705
-
pensions
1 114
-
2 139
-
income
4 953
-
23 068
-
total
6 457
-
25 958
-
Employer
23 714
-
72 991
-
pensions
5 596
-
10 741
-
accident
470
-
901
-
unemployment
1 304
-
2 503
-
other
190
-
364
-
total
7 560
-
14 509
-
Corporate
56 226
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.

8 434
13 125
-
-
total
8 434
13 125
-
-
Dividends
47 792
74 375
-
-
withholding
9 949
16 063
-
-
total
9 949
16 063
-
-
Income
87 500
87 500
87 500
87 500
Total tax
32 400
29 188
40 467
38 407
After tax
55 100
58 312
47 033
49 093
Living cost
17 256
17 256
17 256
17 256
Free-cash
37 844
41 056
29 777
31 837

Estimated living cost  is ₴17256 per week

₴12393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1342
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3279
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66365
₴64790
₴61347
₴63372
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 973
pensions

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

-
-
-
2 539
total
-
-
-
17 706
Employee
11 186
-
84 135
-
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.

982
-
1 506
-
income
1 119
-
8 413
-
health
515
-
789
-
total
2 739
-
10 897
-
Employer
11 186
-
84 135
-
health
772
-
1 184
-
pensions

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

1 233
-
1 890
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
unemployment
67
-
103
-
total
2 195
-
3 366
-
Corporate
74 120
87 500
-
-
income
7 412
8 750
-
-
total
7 412
8 750
-
-
Dividends
66 708
78 750
-
-
withholding
3 335
3 938
-
-
total
3 335
3 938
-
-
Income
87 500
87 500
87 500
87 500
Total tax
15 681
12 688
14 263
17 706
After tax
71 819
74 812
73 237
69 794
Living cost
8 447
8 447
8 447
8 447
Free-cash
63 372
66 365
64 790
61 347

Estimated living cost  is ₴8447 per week

₴5587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴26073
₴36535
₴27254
₴32497
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
27 160
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.

-
-
-
1 494
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.

-
-
-
3 354
trade
-
-
-
9 281
total
-
-
-
41 289
Employee

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

24 431
-
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
-
1 494
-
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.

2 009
-
27 160
-
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.

3 354
-
3 354
-
total
5 474
-
32 008
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 069
87 500
-
-
income
9 460
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.

520
722
-
-
chamber of commerce
167
203
-
-
trade
9 050
12 556
-
-
total
19 197
26 606
-
-
Dividends
43 872
60 894
-
-
surtax

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

593
827
-
-
withholding
10 782
15 037
-
-
total
11 375
15 864
-
-
Income
87 500
87 500
87 500
87 500
Total tax
36 046
42 470
32 008
41 289
After tax
51 454
45 030
55 492
46 211
Living cost
18 957
18 957
18 957
18 957
Free-cash
32 497
26 073
36 535
27 254

Estimated living cost  is ₴18957 per week

₴13077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2040
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33280
₴18025
₴18025
₴34364
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 884
social contributions
-
-
-
14 621
total
-
-
-
41 505
Employee
38 408
-
87 500
-
income
7 247
-
26 884
-
social contributions
3 191
-
14 621
-
total
10 438
-
41 505
-
Employer
38 408
-
87 500
-
total
-
-
-
-
Corporate
49 092
87 500
-
-
income
6 137
10 937
-
-
total
6 137
10 937
-
-
Dividends
42 955
76 563
-
-
withholding
8 591
15 313
-
-
total
8 591
15 313
-
-
Income
87 500
87 500
87 500
87 500
Total tax
25 166
26 250
41 505
41 505
After tax
62 334
61 250
45 995
45 995
Living cost
27 970
27 970
27 970
27 970
Free-cash
34 364
33 280
18 025
18 025

Estimated living cost  is ₴27970 per week

₴21279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36457
₴44328
₴52719
₴38172
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 977
health

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

-
-
-
2 980
total
-
-
-
16 957
Employee
22 525
-
85 241
-
income
2 444
-
20 830
-
social contributions
2 257
-
2 259
-
total
4 701
-
23 089
-
Employer
22 525
-
85 241
-
social contributions
2 257
-
2 259
-
total
2 257
-
2 259
-
Corporate
62 719
87 500
-
-
income
21 952
30 625
-
-
total
21 952
30 625
-
-
Dividends
40 767
56 875
-
-
social contributions
2 594
2 594
-
-
total
2 594
2 594
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 504
33 219
25 348
16 957
After tax
55 996
54 281
62 152
70 543
Living cost
17 824
17 824
17 824
17 824
Free-cash
38 172
36 457
44 328
52 719

Estimated living cost  is ₴17824 per week

₴11740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1405
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4405
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38961
₴31839
₴39751
₴41857
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 147
pensions
-
-
-
4 429
total
-
-
-
29 576
Employee
24 944
-
76 424
-
pensions
1 904
-
5 437
-
income
4 543
-
19 873
-
health
325
-
1 102
-
total
6 772
-
26 412
-
Employer
24 944
-
76 424
-
health
474
-
1 452
-
pensions
2 520
-
9 624
-
total
2 994
-
11 076
-
Corporate
59 561
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.

11 317
16 625
-
-
total
11 317
16 625
-
-
Dividends
48 245
70 875
-
-
withholding
6 387
13 741
-
-
total
6 387
13 741
-
-
Income
87 500
87 500
87 500
87 500
Total tax
27 470
30 366
37 488
29 576
After tax
60 030
57 134
50 012
57 924
Living cost
18 173
18 173
18 173
18 173
Free-cash
41 857
38 961
31 839
39 751

Estimated living cost  is ₴18173 per week

₴12466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1671
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.
₴3807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-₴4768
₴35667
₴47961
₴5270
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
126
income
-
-
-
24 218
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
27 684
Employee
18 648
-
78 772
-
pensions
2 100
-
3 797
-
income
2 558
-
18 433
-
health
2 135
-
9 019
-
total
6 793
-
31 249
-
Employer
18 648
-
78 772
-
pensions
3 032
-
5 483
-
accident
311
-
1 316
-
unemployment
457
-
1 930
-
total
3 800
-
8 729
-
Corporate
65 051
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.

58 546
78 750
-
-
total
58 546
78 750
-
-
Dividends
6 505
8 750
-
-
withholding
1 236
1 663
-
-
total
1 236
1 663
-
-
Income
87 500
87 500
87 500
87 500
Total tax
70 375
80 413
39 978
27 684
After tax
17 125
7 087
47 522
59 816
Living cost
11 855
11 855
11 855
11 855
Free-cash
5 270
-4 768
35 667
47 961

Estimated living cost  is ₴11855 per week

₴8700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴691
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.
₴2225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66997
₴55626
₴44823
₴64699
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 441
unemployment
-
-
-
943
work injury
-
-
-
393
health insurance
-
-
-
5 813
pensions
-
-
-
14 453
total
-
-
-
36 043
Employee

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

10 615
-
87 500
-
health insurance
786
-
2 906
-
unemployment
127
-
471
-
work injury
53
-
196
-
pensions
1 953
-
7 226
-
income
1 062
-
14 441
-
total
3 981
-
25 240
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
76 885
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
76 116
86 625
-
-
withholding
11 417
12 994
-
-
total
11 417
12 994
-
-
Income
87 500
87 500
87 500
87 500
Total tax
16 167
13 869
25 240
36 043
After tax
71 333
73 631
62 260
51 457
Living cost
6 634
6 634
6 634
6 634
Free-cash
64 699
66 997
55 626
44 823

Estimated living cost  is ₴6634 per week

₴4110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
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.
₴1835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26529
₴17321
₴21161
₴24294
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 006
municipal
-
-
-
585
national
-
-
-
21 682
total
-
-
-
46 778
Employee
41 376
-
87 500
-
municipal
247
-
522
-
national
6 992
-
18 812
-
regional
625
-
1 779
-
social contributions
13 952
-
29 505
-
total
21 816
-
50 618
-
Employer
41 376
-
87 500
-
total
-
-
-
-
Corporate
46 124
87 500
-
-
municipal
2 223
4 217
-
-
nationa
11 070
21 000
-
-
total
13 293
25 217
-
-
Dividends
32 832
62 283
-
-
withholding
8 536
16 193
-
-
total
8 536
16 193
-
-
Income
87 500
87 500
87 500
87 500
Total tax
43 645
41 410
50 618
46 778
After tax
43 855
46 090
36 882
40 722
Living cost
19 561
19 561
19 561
19 561
Free-cash
24 294
26 529
17 321
21 161

Estimated living cost  is ₴19561 per week

₴13740
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.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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