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
₴40247
₴28579
₴30227
₴34260
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 509
income

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

-
-
-
26 717
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.

-
-
-
1 470
trade
-
-
-
10 020
total
-
-
-
41 716
Employee

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

19 645
-
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.

30
-
1 470
-
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.

549
-
26 717
-
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.

3 509
-
3 509
-
total
4 088
-
31 696
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 855
87 500
-
-
chamber of commerce
175
204
-
-
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.

559
722
-
-
trade
10 688
13 781
-
-
income
10 178
13 125
-
-
total
21 600
27 832
-
-
Dividends
46 255
59 667
-
-
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.

626
810
-
-
withholding
11 369
14 722
-
-
total
11 995
15 532
-
-
Income
87 500
87 500
87 500
87 500
Total tax
37 683
43 364
31 696
41 716
After tax
49 817
44 136
55 804
45 784
Living cost
15 557
15 557
15 557
15 557
Free-cash
34 260
28 579
40 247
30 227

Estimated living cost  is ₴15557 per week

₴9786
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3667
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25341
₴27514
₴24653
₴27063
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 500
national
-
-
-
14 781
municipal
-
-
-
9 539
total
-
-
-
35 761
Employee
41 988
-
75 643
-
municipal
5 186
-
9 877
-
national
8 037
-
15 306
-
pensions
1 680
-
3 026
-
total
14 903
-
28 209
-
Employer
41 988
-
75 643
-
pensions
3 359
-
6 051
-
social contributions
451
-
813
-
total
3 810
-
6 864
-
Corporate
38 930
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%.

7 786
17 500
-
-
total
7 786
17 500
-
-
Dividends
31 144
70 000
-
-
withholding
6 852
15 400
-
-
total
6 852
15 400
-
-
Income
87 500
87 500
87 500
87 500
Total tax
33 351
32 900
35 073
35 761
After tax
54 149
54 600
52 427
51 739
Living cost
27 086
27 086
27 086
27 086
Free-cash
27 063
27 514
25 341
24 653

Estimated living cost  is ₴27086 per week

₴18410
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2518
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴405
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25679
₴59314
₴19253
₴55101
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
19 679
income
-
-
-
15 569
surtax
-
-
-
22 313
microenterprise
-
-
-
-
total
-
-
-
57 561
Employee
15 008
-
65 544
-
surtax
-
-
9 504
-
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.

1 651
-
6 733
-
income
2 672
-
12 942
-
total
4 323
-
29 179
-
Employer
15 008
-
65 544
-
surtax
-
-
7 210
-
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.

3 615
-
14 746
-
total
3 615
-
21 956
-
Corporate
68 876
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%.

13 775
17 500
-
-
total
13 775
17 500
-
-
Dividends

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

55 101
70 000
-
-
total
-
-
-
-
Income
87 500
87 500
87 500
87 500
Total tax
21 713
17 500
51 135
57 561
After tax
65 787
70 000
36 365
29 939
Living cost
10 686
10 686
10 686
10 686
Free-cash
55 101
59 314
25 679
19 253

Estimated living cost  is ₴10686 per week

₴6817
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1018
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.
₴2608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32827
₴21761
₴26998
₴18614
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 334
income
-
-
-
26 634
pensions
-
-
-
6 018
total
-
-
-
38 986
Employee
43 861
43 861
77 955
-
income

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

7 179
7 179
11 259
-
pensions
7 895
6 018
6 018
-
health
6 732
5 726
6 334
-
total
21 806
18 923
23 611
-
Employer
43 861
43 861
77 955
-
unemployment
1 579
1 579
1 962
-
health
3 049
3 049
3 789
-
pensions
3 053
3 053
3 795
-
total
7 681
7 681
9 546
-
Corporate
36 496
35 958
-
-
income
7 300
7 191
-
-
total
7 300
7 191
-
-
Dividends
29 196
28 767
-
-
income
6 204
6 113
-
-
withholding
4 379
4 315
-
-
total
10 583
10 428
-
-
Income
87 500
87 500
87 500
87 500
Total tax
47 370
44 223
33 157
38 986
After tax
40 130
43 277
54 343
48 514
Living cost
21 516
21 516
21 516
21 516
Free-cash
18 614
21 761
32 827
26 998

Estimated living cost  is ₴21516 per week

₴15248
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.
₴342
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3987
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23459
₴26399
₴23979
₴25919
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 444
health
-
-
-
2 923
accident
-
-
-
94
pensions
-
-
-
5 064
national
-
-
-
6 528
unemployment
-
-
-
47
municipal
-
-
-
22 045
total
-
-
-
42 145
Employee
30 458
-
72 780
-
municipal
9 083
-
21 703
-
national
-
-
6 242
-
total
9 083
-
27 945
-
Employer
30 458
-
72 780
-
other
3 539
-
5 444
-
unemployment
804
-
1 237
-
health
1 873
-
2 881
-
accident
61
-
94
-
pensions
3 293
-
5 064
-
total
9 570
-
14 720
-
Corporate
47 471
87 500
-
-
income
10 444
19 250
-
-
total
10 444
19 250
-
-
Dividends
37 028
68 250
-
-
withholding
11 108
20 475
-
-
total
11 108
20 475
-
-
Income
87 500
87 500
87 500
87 500
Total tax
40 205
39 725
42 665
42 145
After tax
47 295
47 775
44 835
45 355
Living cost
21 376
21 376
21 376
21 376
Free-cash
25 919
26 399
23 459
23 979

Estimated living cost  is ₴21376 per week

₴14167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2098
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35627
₴23510
₴25162
₴30726
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 509
income

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

-
-
-
26 717
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.

-
-
-
1 470
trade
-
-
-
10 465
total
-
-
-
42 161
Employee

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

26 047
-
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.

123
-
1 470
-
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.

2 238
-
26 717
-
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.

3 509
-
3 509
-
total
5 870
-
31 696
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
61 453
87 500
-
-
chamber of commerce
166
203
-
-
surtax

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

507
722
-
-
trade
10 109
14 393
-
-
income
9 218
13 125
-
-
total
20 000
28 443
-
-
Dividends
41 454
59 056
-
-
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.

559
801
-
-
withholding
10 168
14 569
-
-
total
10 727
15 370
-
-
Income
87 500
87 500
87 500
87 500
Total tax
36 597
43 813
31 696
42 161
After tax
50 903
43 687
55 804
45 339
Living cost
20 177
20 177
20 177
20 177
Free-cash
30 726
23 510
35 627
25 162

Estimated living cost  is ₴20177 per week

₴13495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4254
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42518
₴47183
₴43296
₴45053
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 310
health
-
-
-
2 231
income
-
-
-
17 004
total
-
-
-
27 545
Employee
39 495
39 495
81 570
-
social contributions
1 919
3 278
4 421
-
income
4 147
3 656
16 585
-
health
393
672
1 387
-
total
6 459
7 606
22 393
-
Employer
39 495
39 495
81 570
-
health
428
731
1 509
-
social contributions
1 919
3 278
4 421
-
total
2 347
4 009
5 930
-
Corporate
62 034
43 996
-
-
income
7 755
5 499
-
-
total
7 755
5 499
-
-
Dividends
54 279
38 497
-
-
withholding
9 227
6 544
-
-
total
9 227
6 544
-
-
Income
87 500
87 500
87 500
87 500
Total tax
25 788
23 658
28 323
27 545
After tax
61 712
63 842
59 177
59 955
Living cost
16 659
16 659
16 659
16 659
Free-cash
45 053
47 183
42 518
43 296

Estimated living cost  is ₴16659 per week

₴11388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1301
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.
₴3690
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41379
₴39813
₴51270
₴40009
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 125
income
-
-
-
10 697
pensions
-
-
-
8 750
unemployment
-
-
-
1 312
total
-
-
-
26 884
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.

13 492
5 370
73 222
-
income
1 649
656
8 951
-
pensions
1 349
537
7 322
-
health
944
376
5 126
-
unemployment
202
81
1 098
-
total
4 144
1 650
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.

13 492
5 370
73 222
-
pensions
2 631
1 047
14 278
-
total
2 631
1 047
14 278
-
Corporate
71 377
81 083
-
-
income
6 424
7 298
-
-
total
6 424
7 298
-
-
Dividends
64 953
73 786
-
-
social contributions
12 605
14 327
-
-
withholding
12 341
14 019
-
-
total
24 946
28 346
-
-
Income
87 500
87 500
87 500
87 500
Total tax
38 145
38 341
36 775
26 884
After tax
49 355
49 159
50 725
60 616
Living cost
9 346
9 346
9 346
9 346
Free-cash
40 009
39 813
41 379
51 270

Estimated living cost  is ₴9346 per week

₴6378
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴765
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴187
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2017
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38028
₴57594
₴34494
₴54404
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
11 375
income
-
-
-
11 725
pensions
-
-
-
17 500
total
-
-
-
40 600
Employee
14 571
-
65 396
-
income
1 640
-
12 609
-
pensions
291
-
1 308
-
unemployment
233
-
1 046
-
total
2 164
-
14 963
-
Employer
14 571
-
65 396
-
unemployment
117
-
523
-
health
1 894
-
8 501
-
pensions
2 914
-
13 079
-
total
4 925
-
22 103
-
Corporate
68 004
87 500
-
-
income
13 601
17 500
-
-
total
13 601
17 500
-
-
Dividends
54 403
70 000
-
-
total
-
-
-
-
Income
87 500
87 500
87 500
87 500
Total tax
20 690
17 500
37 066
40 600
After tax
66 810
70 000
50 434
46 900
Living cost
12 406
12 406
12 406
12 406
Free-cash
54 404
57 594
38 028
34 494

Estimated living cost  is ₴12406 per week

₴8509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴739
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.
₴2909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36021
-₴4294
₴48447
₴5342
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192
health
-
-
-
1 128
accident
-
-
-
131
income
-
-
-
24 069
pensions
-
-
-
2 152
total
-
-
-
27 672
Employee
17 903
-
78 564
-
income
2 456
-
18 220
-
pensions
2 016
-
3 947
-
health
2 050
-
8 995
-
total
6 522
-
31 162
-
Employer
17 903
-
78 564
-
unemployment
439
-
1 925
-
accident
299
-
1 312
-
pensions
2 911
-
5 699
-
total
3 649
-
8 936
-
Corporate
65 948
87 500
-
-
income

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

59 353
78 750
-
-
total
59 353
78 750
-
-
Dividends
6 595
8 750
-
-
withholding
1 253
1 663
-
-
total
1 253
1 663
-
-
Income
87 500
87 500
87 500
87 500
Total tax
70 777
80 413
40 098
27 672
After tax
16 723
7 087
47 402
59 828
Living cost
11 381
11 381
11 381
11 381
Free-cash
5 342
-4 294
36 021
48 447

Estimated living cost  is ₴11381 per week

₴8341
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65779
₴78904
₴82404
₴78113
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 276
-
87 500
-
income
1 055
-
17 500
-
total
1 055
-
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%.

82 224
87 500
-
-
total
-
-
-
-
Dividends
82 224
87 500
-
-
withholding
4 111
4 375
-
-
total
4 111
4 375
-
-
Income
87 500
87 500
87 500
87 500
Total tax
5 166
4 375
17 500
875
After tax
82 334
83 125
70 000
86 625
Living cost
4 221
4 221
4 221
4 221
Free-cash
78 113
78 904
65 779
82 404

Estimated living cost  is ₴4221 per week

₴2616
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴116
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1138
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35975
₴50601
₴34693
₴47132
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 710
health
-
-
-
3 437
income
-
-
-
13 229
pensions

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

-
-
-
18 745
total
-
-
-
39 121
Employee
18 649
-
69 888
-
income
3 211
-
13 657
-
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.

1 305
-
4 892
-
health
261
-
979
-
unemployment
186
-
699
-
total
4 963
-
20 227
-
Employer
18 649
-
69 888
-
other
933
-
3 494
-
unemployment
186
-
699
-
health
261
-
979
-
accident
149
-
559
-
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.

3 171
-
11 881
-
total
4 700
-
17 612
-
Corporate
64 151
87 500
-
-
income
13 471
18 375
-
-
total
13 471
18 375
-
-
Dividends
50 680
69 125
-
-
withholding
3 548
4 838
-
-
total
3 548
4 838
-
-
Income
87 500
87 500
87 500
87 500
Total tax
26 682
23 213
37 839
39 121
After tax
60 818
64 287
49 661
48 379
Living cost
13 686
13 686
13 686
13 686
Free-cash
47 132
50 601
35 975
34 693

Estimated living cost  is ₴13686 per week

₴9670
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴924
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16150
₴23412
₴24082
₴24434
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 757
pensions
-
-
-
4 543
total
-
-
-
29 300
Employee
48 272
-
76 458
-
income
8 702
-
19 468
-
health
795
-
1 118
-
pensions
4 657
-
5 604
-
total
14 154
-
26 190
-
Employer
48 272
-
76 458
-
health
917
-
1 453
-
pensions
5 700
-
9 589
-
total
6 617
-
11 042
-
Corporate
32 611
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.

6 196
16 625
-
-
total
6 196
16 625
-
-
Dividends
26 415
70 875
-
-
withholding
1 981
13 345
-
-
total
1 981
13 345
-
-
Income
87 500
87 500
87 500
87 500
Total tax
28 948
29 970
37 232
29 300
After tax
58 552
57 530
50 268
58 200
Living cost
34 118
34 118
34 118
34 118
Free-cash
24 434
23 412
16 150
24 082

Estimated living cost  is ₴34118 per week

₴25566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4009
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.
₴4267
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴66391
₴68155
₴62981
₴65793
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 040
income
-
-
-
13 125
pensions

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

-
-
-
2 625
unemployment
-
-
-
71
total
-
-
-
17 861
Employee
8 816
-
84 020
-
income
882
-
8 402
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

774
-
1 558
-
health
406
-
816
-
total
2 159
-
10 971
-
Employer
8 816
-
84 020
-
unemployment
53
-
106
-
health
609
-
1 224
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

972
-
1 955
-
total
1 731
-
3 480
-
Corporate
76 954
87 500
-
-
income
7 696
8 750
-
-
total
7 696
8 750
-
-
Dividends
69 258
78 750
-
-
withholding
3 463
3 937
-
-
total
3 463
3 937
-
-
Income
87 500
87 500
87 500
87 500
Total tax
15 049
12 687
14 451
17 861
After tax
72 451
74 813
73 049
69 639
Living cost
6 658
6 658
6 658
6 658
Free-cash
65 793
68 155
66 391
62 981

Estimated living cost  is ₴6658 per week

₴3887
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴475
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25862
₴14796
₴20033
₴16088
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 334
income
-
-
-
26 634
pensions
-
-
-
6 018
total
-
-
-
38 986
Employee
47 619
43 861
77 955
-
income

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

7 179
7 179
11 259
-
pensions
6 018
6 018
6 018
-
health
5 941
5 726
6 334
-
total
19 138
18 923
23 611
-
Employer
47 619
43 861
77 955
-
unemployment
1 714
1 579
1 962
-
health
3 309
3 049
3 789
-
pensions
3 314
3 053
3 795
-
total
8 337
7 681
9 546
-
Corporate
31 543
35 958
-
-
income
6 308
7 191
-
-
total
6 308
7 191
-
-
Dividends
25 235
28 767
-
-
income
5 363
6 113
-
-
withholding
3 785
4 315
-
-
total
9 148
10 428
-
-
Income
87 500
87 500
87 500
87 500
Total tax
42 931
44 223
33 157
38 986
After tax
44 569
43 277
54 343
48 514
Living cost
28 481
28 481
28 481
28 481
Free-cash
16 088
14 796
25 862
20 033

Estimated living cost  is ₴28481 per week

₴21010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2544
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.
₴4602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32343
₴47560
₴36136
₴43036
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 252
health
-
-
-
11 813
income
-
-
-
8 615
solidarity contribution
-
-
-
-
total
-
-
-
38 680
Employee
18 653
-
65 939
-
social contributions
1 212
-
4 063
-
solidarity contribution
-
-
-
-
income
2 238
-
7 946
-
health
2 518
-
8 902
-
total
5 968
-
20 911
-
Employer
18 653
-
65 939
-
health
1 679
-
5 935
-
social contributions
4 663
-
15 627
-
total
6 342
-
21 562
-
Corporate
62 505
87 500
-
-
income
11 876
16 625
-
-
total
11 876
16 625
-
-
Dividends
50 629
70 875
-
-
withholding
7 594
10 631
-
-
total
7 594
10 631
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 780
27 256
42 473
38 680
After tax
55 720
60 244
45 027
48 820
Living cost
12 684
12 684
12 684
12 684
Free-cash
43 036
47 560
32 343
36 136

Estimated living cost  is ₴12684 per week

₴8810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴902
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16366
₴25012
₴20319
₴22330
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
21 453
regional
-
-
-
1 030
municipal
-
-
-
520
total
-
-
-
45 508
Employee
45 648
-
87 500
-
social contributions
15 392
-
29 505
-
municipal
242
-
464
-
national
7 910
-
18 583
-
regional
431
-
909
-
total
23 975
-
49 461
-
Employer
45 648
-
87 500
-
total
-
-
-
-
Corporate
41 852
87 500
-
-
nationa
10 044
21 000
-
-
municipal
1 633
3 412
-
-
total
11 677
24 412
-
-
Dividends
30 175
63 088
-
-
withholding
7 845
16 403
-
-
total
7 845
16 403
-
-
Income
87 500
87 500
87 500
87 500
Total tax
43 497
40 815
49 461
45 508
After tax
44 003
46 685
38 039
41 992
Living cost
21 673
21 673
21 673
21 673
Free-cash
22 330
25 012
16 366
20 319

Estimated living cost  is ₴21673 per week

₴15108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4811
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26950
₴43703
₴30112
₴42105
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
4 867
income
-
-
-
23 750
pensions
-
-
-
13 710
surtax
-
-
-
3 610
unemployment
-
-
-
117
total
-
-
-
46 054
Employee
16 985
-
73 071
-
surtax
56
-
3 017
-
income
2 847
-
20 678
-
other
-
-
-
-
pensions
1 133
-
4 572
-
health
434
-
1 748
-
unemployment
1 182
-
4 771
-
total
5 652
-
34 786
-
Employer
16 985
-
73 071
-
other
-
-
-
-
unemployment
538
-
2 173
-
health
773
-
3 119
-
pensions
2 264
-
9 138
-
total
3 575
-
14 430
-
Corporate
66 940
87 500
-
-
income
17 404
22 750
-
-
total
17 404
22 750
-
-
Dividends
49 535
64 750
-
-
withholding
7 430
9 713
-
-
total
7 430
9 713
-
-
Income
87 500
87 500
87 500
87 500
Total tax
34 061
32 463
49 216
46 054
After tax
53 439
55 037
38 284
41 446
Living cost
11 334
11 334
11 334
11 334
Free-cash
42 105
43 703
26 950
30 112

Estimated living cost  is ₴11334 per week

₴6930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1046
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3097
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26959
₴34221
₴34891
₴37591
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 757
pensions
-
-
-
4 543
total
-
-
-
29 300
Employee
32 351
-
76 458
-
income
5 827
-
19 468
-
health
470
-
1 118
-
pensions
2 746
-
5 604
-
total
9 043
-
26 190
-
Employer
32 351
-
76 458
-
health
615
-
1 453
-
pensions
3 502
-
9 589
-
total
4 117
-
11 042
-
Corporate
51 033
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.

9 696
16 625
-
-
total
9 696
16 625
-
-
Dividends
41 337
70 875
-
-
withholding
3 744
13 345
-
-
total
3 744
13 345
-
-
Income
87 500
87 500
87 500
87 500
Total tax
26 600
29 970
37 232
29 300
After tax
60 900
57 530
50 268
58 200
Living cost
23 309
23 309
23 309
23 309
Free-cash
37 591
34 221
26 959
34 891

Estimated living cost  is ₴23309 per week

₴17463
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1747
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3855
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴25467
-₴1587
₴29717
₴16214
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
197
pensions
-
-
-
8 051
city
-
-
-
922
national
-
-
-
1 173
regional
-
-
-
4 091
total
-
-
-
16 184
Employee
48 682
-
78 317
-
national
230
-
970
-
city
522
-
841
-
pensions
4 090
-
6 579
-
health
110
-
176
-
regional
1 594
-
3 547
-
unemployment
-
-
-
-
total
6 546
-
12 113
-
Employer
48 682
-
78 317
-
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.

973
-
1 566
-
unemployment
-
-
-
-
health
110
-
176
-
pensions
4 090
-
6 579
-
total
5 173
-
8 321
-
Corporate
33 110
87 500
-
-
regional
7 002
18 506
-
-
national
2 814
7 437
-
-
total
9 816
25 943
-
-
Dividends
23 293
61 557
-
-
withholding
8 152
21 545
-
-
total
8 152
21 545
-
-
Income
87 500
87 500
87 500
87 500
Total tax
29 687
47 488
20 434
16 184
After tax
57 813
40 012
67 066
71 316
Living cost
41 599
41 599
41 599
41 599
Free-cash
16 214
-1 587
25 467
29 717

Estimated living cost  is ₴41599 per week

₴27051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3733
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴32275
₴19709
₴21364
₴28035
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 509
income

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

-
-
-
26 717
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.

-
-
-
1 470
trade
-
-
-
10 911
total
-
-
-
42 607
Employee

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

30 868
-
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.

200
-
1 470
-
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.

3 630
-
26 717
-
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.

3 509
-
3 509
-
total
7 339
-
31 696
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 632
87 500
-
-
chamber of commerce
158
201
-
-
surtax

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

467
722
-
-
trade
9 713
15 006
-
-
income
8 495
13 125
-
-
total
18 833
29 054
-
-
Dividends
37 800
58 445
-
-
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.

509
792
-
-
withholding
9 255
14 416
-
-
total
9 764
15 208
-
-
Income
87 500
87 500
87 500
87 500
Total tax
35 936
44 262
31 696
42 607
After tax
51 564
43 238
55 804
44 893
Living cost
23 529
23 529
23 529
23 529
Free-cash
28 035
19 709
32 275
21 364

Estimated living cost  is ₴23529 per week

₴17185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1882
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4157
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30836
₴26527
₴31783
₴29562
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 713
social contributions
-
-
-
2 493
health
-
-
-
3 607
income
-
-
-
13 445
pensions
-
-
-
15 886
surtax
-
-
-
-
total
-
-
-
38 144
Employee
21 982
-
67 968
-
surtax
-
-
-
-
social contributions
627
-
1 937
-
income
1 297
-
12 998
-
pensions
2 485
-
4 623
-
total
4 409
-
19 558
-
Employer
21 982
-
67 968
-
other
758
-
2 608
-
unemployment
890
-
2 753
-
health
1 539
-
6 167
-
pensions
3 611
-
7 801
-
social contributions
66
-
204
-
total
6 864
-
19 533
-
Corporate
58 653
87 500
-
-
surtax
-
-
-
-
income
16 423
24 500
-
-
total
16 423
24 500
-
-
Dividends
42 230
63 000
-
-
social contributions
7 263
10 836
-
-
surtax
-
-
-
-
withholding
5 406
8 064
-
-
total
12 669
18 900
-
-
Income
87 500
87 500
87 500
87 500
Total tax
40 365
43 400
39 091
38 144
After tax
47 135
44 100
48 409
49 356
Living cost
17 573
17 573
17 573
17 573
Free-cash
29 562
26 527
30 836
31 783

Estimated living cost  is ₴17573 per week

₴11080
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1429
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32577
₴28268
₴33524
₴31124
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 713
social contributions
-
-
-
2 493
health
-
-
-
3 607
income
-
-
-
13 445
pensions
-
-
-
15 886
surtax
-
-
-
-
total
-
-
-
38 144
Employee
19 622
-
67 968
-
surtax
-
-
-
-
social contributions
559
-
1 937
-
income
1 012
-
12 998
-
pensions
2 219
-
4 623
-
total
3 790
-
19 558
-
Employer
19 622
-
67 968
-
other
677
-
2 608
-
unemployment
794
-
2 753
-
health
1 373
-
6 167
-
pensions
3 224
-
7 801
-
social contributions
58
-
204
-
total
6 126
-
19 533
-
Corporate
61 750
87 500
-
-
surtax
-
-
-
-
income
17 290
24 500
-
-
total
17 290
24 500
-
-
Dividends
44 460
63 000
-
-
social contributions
7 647
10 836
-
-
surtax
-
-
-
-
withholding
5 691
8 064
-
-
total
13 338
18 900
-
-
Income
87 500
87 500
87 500
87 500
Total tax
40 544
43 400
39 091
38 144
After tax
46 956
44 100
48 409
49 356
Living cost
15 832
15 832
15 832
15 832
Free-cash
31 124
28 268
32 577
33 524

Estimated living cost  is ₴15832 per week

₴9182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4742
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43585
₴42493
₴45302
₴42759
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 075
health
-
-
-
6 107
income
-
-
-
13 125
total
-
-
-
31 307
Employee
17 415
-
87 500
-
social contributions
2 404
-
12 075
-
income
2 905
-
14 842
-
health
1 215
-
6 107
-
total
6 524
-
33 024
-
Employer
17 415
-
87 500
-
total
-
-
-
-
Corporate
70 085
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%.

3 504
4 375
-
-
total
3 504
4 375
-
-
Dividends
66 581
83 125
-
-
social contributions
9 188
11 471
-
-
withholding
9 987
12 468
-
-
health
4 647
5 802
-
-
total
23 822
29 741
-
-
Income
87 500
87 500
87 500
87 500
Total tax
33 850
34 116
33 024
31 307
After tax
53 650
53 384
54 476
56 193
Living cost
10 891
10 891
10 891
10 891
Free-cash
42 759
42 493
43 585
45 302

Estimated living cost  is ₴10891 per week

₴7289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴672
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.
₴2679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5138
₴30344
₴26803
₴29552
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 590
income
-
-
-
23 307
chamber of commerce
-
-
-
350
pensions
-
-
-
11 101
surtax
-
-
-
101
unemployment
-
-
-
3 150
total
-
-
-
42 599
Employee
25 669
20 469
69 441
-
income
2 922
1 510
18 466
-
other
256
205
600
-
pensions
2 629
2 096
6 145
-
health
993
792
2 322
-
unemployment
770
614
1 800
-
total
7 570
5 217
29 333
-
Employer
25 669
20 469
69 441
-
other
1 219
972
3 217
-
unemployment
770
614
1 800
-
health
970
774
2 268
-
surtax
101
101
101
-
accident
333
266
780
-
pensions
3 221
2 569
7 531
-
payroll
770
614
2 083
-
chamber of commerce
102
82
278
-
total
7 486
5 992
18 058
-
Corporate
54 344
61 039
67 492
-
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.

13 586
15 260
16 873
-
total
13 586
15 260
16 873
-
Dividends
40 757
45 779
-
-
withholding
11 208
12 589
-
-
total
11 208
12 589
-
-
Income
87 500
87 500
87 500
87 500
Total tax
39 850
39 058
64 264
42 599
After tax
47 650
48 442
23 236
44 901
Living cost
18 098
18 098
18 098
18 098
Free-cash
29 552
30 344
5 138
26 803

Estimated living cost  is ₴18098 per week

₴12071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1544
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12246
₴30216
₴19188
₴22513
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 805
communal

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

-
-
-
4 482
national
-
-
-
32 298
total
-
-
-
49 585
Employee

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

36 740
-
67 772
-
national
11 295
-
24 407
-
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.

2 755
-
5 083
-
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.

1 726
-
3 185
-
communal

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

1 916
-
3 535
-
unemployment

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

320
-
590
-
total
18 012
-
36 800
-
Employer

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

36 740
-
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.

536
-
989
-
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.

2 259
-
4 168
-
surtax
4 166
-
7 685
-
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.

478
-
881
-
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.

3 255
-
6 004
-
total
10 694
-
19 727
-
Corporate
40 066
87 500
-
-
surtax
160
350
-
-
income
8 013
17 500
-
-
total
8 173
17 850
-
-
Dividends
31 893
69 650
-
-
withholding

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

9 381
20 707
-
-
total
9 381
20 707
-
-
Income
87 500
87 500
87 500
87 500
Total tax
46 260
38 557
56 527
49 585
After tax
41 240
48 943
30 973
37 915
Living cost
18 727
18 727
18 727
18 727
Free-cash
22 513
30 216
12 246
19 188

Estimated living cost  is ₴18727 per week

₴12063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1637
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.
₴4734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28434
₴39812
₴30590
₴36232
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
429
income
-
-
-
24 079
pensions
-
-
-
13 472
unemployment
-
-
-
333
total
-
-
-
38 361
Employee
25 567
-
72 323
-
income
5 394
-
22 316
-
other
25
-
48
-
pensions
1 202
-
2 238
-
unemployment
397
-
738
-
total
7 018
-
25 340
-
Employer
25 567
-
72 323
-
other
204
-
381
-
unemployment
1 406
-
2 618
-
accident
506
-
943
-
pensions
6 033
-
11 235
-
total
8 149
-
15 177
-
Corporate
53 784
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.

8 068
13 125
-
-
total
8 068
13 125
-
-
Dividends
45 716
74 375
-
-
withholding
9 484
16 014
-
-
total
9 484
16 014
-
-
Income
87 500
87 500
87 500
87 500
Total tax
32 719
29 139
40 517
38 361
After tax
54 781
58 361
46 983
49 139
Living cost
18 549
18 549
18 549
18 549
Free-cash
36 232
39 812
28 434
30 590

Estimated living cost  is ₴18549 per week

₴13659
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1316
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.
₴3306
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴19169
₴23461
₴15683
₴17035
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 146
accident
-
-
-
738
income
-
-
-
14 038
pensions
-
-
-
13 116
communal
-
-
-
5 530
surtax
-
-
-
4 337
total
-
-
-
43 905
Employee
38 896
-
78 160
-
surtax
2 384
-
4 790
-
income
3 757
-
16 558
-
pensions
3 111
-
6 253
-
health
1 731
-
3 478
-
total
10 983
-
31 079
-
Employer
38 896
-
78 160
-
health
1 186
-
2 383
-
accident
350
-
704
-
pensions
3 111
-
6 253
-
total
4 647
-
9 340
-
Corporate
43 956
87 500
-
-
surtax
462
919
-
-
income
6 594
13 125
-
-
communal
2 967
5 907
-
-
total
10 023
19 951
-
-
Dividends
33 933
67 549
-
-
income
11 810
6 044
-
-
withholding
5 090
10 132
-
-
total
16 900
16 176
-
-
Income
87 500
87 500
87 500
87 500
Total tax
42 553
36 127
40 419
43 905
After tax
44 947
51 373
47 081
43 595
Living cost
27 912
27 912
27 912
27 912
Free-cash
17 035
23 461
19 169
15 683

Estimated living cost  is ₴27912 per week

₴20938
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1691
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.
₴4987
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26747
₴43500
₴29909
₴41866
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
4 867
income
-
-
-
23 750
pensions
-
-
-
13 710
surtax
-
-
-
3 610
unemployment
-
-
-
117
total
-
-
-
46 054
Employee
17 297
-
73 071
-
surtax
61
-
3 017
-
income
2 900
-
20 678
-
other
-
-
-
-
pensions
1 154
-
4 572
-
health
442
-
1 748
-
unemployment
1 204
-
4 771
-
total
5 761
-
34 786
-
Employer
17 297
-
73 071
-
other
-
-
-
-
unemployment
549
-
2 173
-
health
787
-
3 119
-
pensions
2 306
-
9 138
-
total
3 642
-
14 430
-
Corporate
66 561
87 500
-
-
income
17 306
22 750
-
-
total
17 306
22 750
-
-
Dividends
49 256
64 750
-
-
withholding
7 388
9 713
-
-
total
7 388
9 713
-
-
Income
87 500
87 500
87 500
87 500
Total tax
34 097
32 463
49 216
46 054
After tax
53 403
55 037
38 284
41 446
Living cost
11 537
11 537
11 537
11 537
Free-cash
41 866
43 500
26 747
29 909

Estimated living cost  is ₴11537 per week

₴6965
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1003
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3301
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23935
₴32155
₴27867
₴31015
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
21 453
regional
-
-
-
1 319
municipal
-
-
-
520
total
-
-
-
45 797
Employee
28 491
-
87 500
-
social contributions
9 608
-
29 505
-
municipal
151
-
464
-
national
4 514
-
18 583
-
regional
384
-
1 177
-
total
14 657
-
49 729
-
Employer
28 491
-
87 500
-
total
-
-
-
-
Corporate
59 009
87 500
-
-
nationa
14 162
21 000
-
-
municipal
2 933
4 349
-
-
total
17 095
25 349
-
-
Dividends
41 913
62 151
-
-
withholding
10 897
16 160
-
-
total
10 897
16 160
-
-
Income
87 500
87 500
87 500
87 500
Total tax
42 649
41 509
49 729
45 797
After tax
44 851
45 991
37 771
41 703
Living cost
13 836
13 836
13 836
13 836
Free-cash
31 015
32 155
23 935
27 867

Estimated living cost  is ₴13836 per week

₴8605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3593
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29397
₴44614
₴33190
₴39038
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 252
health
-
-
-
11 813
income
-
-
-
8 615
solidarity contribution
-
-
-
-
total
-
-
-
38 680
Employee
22 985
-
65 939
-
social contributions
1 494
-
4 063
-
solidarity contribution
-
-
-
-
income
2 758
-
7 946
-
health
3 103
-
8 902
-
total
7 355
-
20 911
-
Employer
22 985
-
65 939
-
health
2 069
-
5 935
-
social contributions
5 746
-
15 627
-
total
7 815
-
21 562
-
Corporate
56 700
87 500
-
-
income
10 773
16 625
-
-
total
10 773
16 625
-
-
Dividends
45 927
70 875
-
-
withholding
6 889
10 631
-
-
total
6 889
10 631
-
-
Income
87 500
87 500
87 500
87 500
Total tax
32 832
27 256
42 473
38 680
After tax
54 668
60 244
45 027
48 820
Living cost
15 630
15 630
15 630
15 630
Free-cash
39 038
44 614
29 397
33 190

Estimated living cost  is ₴15630 per week

₴11623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2870
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6876
₴32111
₴28616
₴31857
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 590
income
-
-
-
23 307
chamber of commerce
-
-
-
350
pensions
-
-
-
11 101
surtax
-
-
-
-
unemployment
-
-
-
3 150
total
-
-
-
42 498
Employee
22 452
20 469
69 536
-
income
2 000
1 510
18 511
-
other
224
205
600
-
pensions
2 299
2 096
6 145
-
health
868
792
2 322
-
unemployment
674
614
1 800
-
total
6 065
5 217
29 378
-
Employer
22 452
20 469
69 536
-
other
1 066
972
3 221
-
unemployment
674
614
1 800
-
health
849
774
2 268
-
surtax
-
-
-
-
accident
291
266
780
-
pensions
2 818
2 569
7 531
-
payroll
674
614
2 086
-
chamber of commerce
90
82
278
-
total
6 462
5 891
17 964
-
Corporate
58 587
61 140
67 587
-
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.

14 647
15 285
16 896
-
total
14 647
15 285
16 896
-
Dividends
43 940
45 855
-
-
withholding
12 083
12 610
-
-
total
12 083
12 610
-
-
Income
87 500
87 500
87 500
87 500
Total tax
39 257
39 003
64 238
42 498
After tax
48 243
48 497
23 262
45 002
Living cost
16 386
16 386
16 386
16 386
Free-cash
31 857
32 111
6 876
28 616

Estimated living cost  is ₴16386 per week

₴9830
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1674
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63423
₴76548
₴80048
₴75315
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 222
-
87 500
-
income
1 644
-
17 500
-
total
1 644
-
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%.

79 278
87 500
-
-
total
-
-
-
-
Dividends
79 278
87 500
-
-
withholding
3 964
4 375
-
-
total
3 964
4 375
-
-
Income
87 500
87 500
87 500
87 500
Total tax
5 608
4 375
17 500
875
After tax
81 892
83 125
70 000
86 625
Living cost
6 577
6 577
6 577
6 577
Free-cash
75 315
76 548
63 423
80 048

Estimated living cost  is ₴6577 per week

₴4451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴276
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26791
₴46467
₴29110
₴42169
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
8 610
income
-
-
-
19 892
pensions
-
-
-
15 979
unemployment
-
-
-
132
total
-
-
-
44 613
Employee

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

22 713
-
75 711
-
income
3 917
-
18 411
-
pensions
3 521
-
11 735
-
health
1 467
-
4 891
-
unemployment
32
-
106
-
total
8 937
-
35 143
-
Employer

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

22 713
-
75 711
-
unemployment
14
-
46
-
health
1 513
-
5 043
-
pensions
2 010
-
6 700
-
total
3 537
-
11 789
-
Corporate
61 251
87 500
-
-
income
11 638
16 625
-
-
total
11 638
16 625
-
-
Dividends
49 613
70 875
-
-
withholding
7 442
10 631
-
-
total
7 442
10 631
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 554
27 256
46 932
44 613
After tax
55 946
60 244
40 568
42 887
Living cost
13 777
13 777
13 777
13 777
Free-cash
42 169
46 467
26 791
29 110

Estimated living cost  is ₴13777 per week

₴9455
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.
₴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.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴56788
₴29699
₴36933
₴3754
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 975
income
-
-
-
17 056
total
-
-
-
27 031
Employee
33 748
-
-
-
social contributions
2 767
-
394
-
income
7 444
-
-
-
total
10 211
-
394
-
Employer
33 748
-
-
-
social contributions
47 584
-
6 782
-
total
47 584
-
6 782
-
Corporate
6 168
87 500
-
-
income
1 357
19 250
-
-
total
1 357
19 250
-
-
Dividends
4 811
68 250
-
-
income
1 058
15 015
-
-
total
1 058
15 015
-
-
Income
87 500
87 500
87 500
87 500
Total tax
60 210
34 265
7 176
27 031
After tax
27 290
53 235
80 324
60 469
Living cost
23 536
23 536
23 536
23 536
Free-cash
3 754
29 699
56 788
36 933

Estimated living cost  is ₴23536 per week

₴15271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2214
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.
₴5751
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24306
₴33659
₴30883
₴33142
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
30 407
income
-
-
-
10 099
surtax
-
-
-
-
total
-
-
-
40 506
Employee
23 623
-
70 707
-
surtax
-
-
-
-
social contributions
2 599
-
7 778
-
income
4 914
-
22 512
-
total
7 513
-
30 290
-
Employer
23 623
-
70 707
-
social contributions
5 610
-
16 793
-
total
5 610
-
16 793
-
Corporate
58 267
87 500
-
-
surtax
-
-
-
-
income
12 236
18 375
-
-
total
12 236
18 375
-
-
Dividends
46 031
69 125
-
-
withholding
12 888
19 355
-
-
total
12 888
19 355
-
-
Income
87 500
87 500
87 500
87 500
Total tax
38 247
37 730
47 083
40 506
After tax
49 253
49 770
40 417
46 994
Living cost
16 111
16 111
16 111
16 111
Free-cash
33 142
33 659
24 306
30 883

Estimated living cost  is ₴16111 per week

₴12054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23602
₴19293
₴24549
₴22823
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 713
social contributions
-
-
-
2 493
health
-
-
-
3 607
income
-
-
-
13 445
pensions
-
-
-
15 886
surtax
-
-
-
-
total
-
-
-
38 144
Employee
32 169
-
67 968
-
surtax
-
-
-
-
social contributions
916
-
1 937
-
income
2 807
-
12 998
-
pensions
3 639
-
4 623
-
total
7 362
-
19 558
-
Employer
32 169
-
67 968
-
other
1 110
-
2 608
-
unemployment
1 303
-
2 753
-
health
2 252
-
6 167
-
pensions
5 286
-
7 801
-
social contributions
96
-
204
-
total
10 047
-
19 533
-
Corporate
45 284
87 500
-
-
surtax
-
-
-
-
income
12 680
24 500
-
-
total
12 680
24 500
-
-
Dividends
32 604
63 000
-
-
social contributions
5 607
10 836
-
-
surtax
-
-
-
-
withholding
4 174
8 064
-
-
total
9 781
18 900
-
-
Income
87 500
87 500
87 500
87 500
Total tax
39 870
43 400
39 091
38 144
After tax
47 630
44 100
48 409
49 356
Living cost
24 807
24 807
24 807
24 807
Free-cash
22 823
19 293
23 602
24 549

Estimated living cost  is ₴24807 per week

₴16789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2029
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51431
₴63311
₴49105
₴61586
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 706
social contributions
-
-
-
19 250
total
-
-
-
22 956
Employee
16 512
-
75 757
-
income
-
-
3 964
-
social contributions
1 073
-
4 924
-
total
1 073
-
8 888
-
Employer
16 512
-
75 757
-
social contributions
2 560
-
11 742
-
total
2 560
-
11 742
-
Corporate
68 428
87 500
-
-
income
6 842
8 750
-
-
total
6 842
8 750
-
-
Dividends
61 586
78 750
-
-
total
-
-
-
-
Income
87 500
87 500
87 500
87 500
Total tax
10 475
8 750
20 630
22 956
After tax
77 025
78 750
66 870
64 544
Living cost
15 439
15 439
15 439
15 439
Free-cash
61 586
63 311
51 431
49 105

Estimated living cost  is ₴15439 per week

₴9983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
-₴24222
-₴24222
₴27074
-₴24222
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 964
pensions
-
-
-
444
national
-
-
-
10 180
municipal
-
-
-
18 143
total
-
-
-
35 731
Employee
104 232
104 232
104 232
-
labour market
8 327
8 327
8 327
-
municipal
22 196
22 196
22 196
-
national
12 734
12 734
12 734
-
pensions
148
148
148
-
total
43 405
43 405
43 405
-
Employer
104 232
104 232
104 232
-
national
12 756
12 756
12 756
-
labour market
8 339
8 339
8 339
-
pensions
296
296
296
-
municipal
22 231
22 231
22 231
-
total
43 622
43 622
43 622
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
87 500
87 500
87 500
87 500
Total tax
87 027
87 027
87 027
35 731
After tax
473
473
473
51 769
Living cost
24 695
24 695
24 695
24 695
Free-cash
-24 222
-24 222
-24 222
27 074

Estimated living cost  is ₴24695 per week

₴16902
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴380
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5229
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36189
-₴4126
₴48615
₴5368
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192
health
-
-
-
1 128
accident
-
-
-
131
income
-
-
-
24 069
pensions
-
-
-
2 152
total
-
-
-
27 672
Employee
17 639
-
78 564
-
income
2 420
-
18 220
-
pensions
1 986
-
3 947
-
health
2 020
-
8 995
-
total
6 426
-
31 162
-
Employer
17 639
-
78 564
-
unemployment
432
-
1 925
-
accident
295
-
1 312
-
pensions
2 868
-
5 699
-
total
3 595
-
8 936
-
Corporate
66 266
87 500
-
-
income

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

59 639
78 750
-
-
total
59 639
78 750
-
-
Dividends
6 627
8 750
-
-
withholding
1 259
1 663
-
-
total
1 259
1 663
-
-
Income
87 500
87 500
87 500
87 500
Total tax
70 919
80 413
40 098
27 672
After tax
16 581
7 087
47 402
59 828
Living cost
11 213
11 213
11 213
11 213
Free-cash
5 368
-4 126
36 189
48 615

Estimated living cost  is ₴11213 per week

₴8162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴639
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.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26372
₴35295
₴37150
₴36516
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
1 134
national
-
-
-
13 952
municipal
-
-
-
15 545
total
-
-
-
30 631
Employee
27 023
-
73 609
-
municipal
4 426
-
11 991
-
national
446
-
8 536
-
pensions
1 824
-
4 969
-
health
202
-
919
-
unemployment
405
-
1 104
-
total
7 303
-
27 519
-
Employer
27 023
-
73 609
-
unemployment
175
-
479
-
health
208
-
566
-
accident
27
-
74
-
pensions
4 688
-
12 771
-
total
5 098
-
13 890
-
Corporate
55 379
87 500
-
-
income
11 076
17 500
-
-
total
11 076
17 500
-
-
Dividends

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

33 227
52 500
-
-
national
1 807
5 536
-
-
municipal
5 981
9 450
-
-
total
7 788
14 986
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 265
32 486
41 409
30 631
After tax
56 235
55 014
46 091
56 869
Living cost
19 719
19 719
19 719
19 719
Free-cash
36 516
35 295
26 372
37 150

Estimated living cost  is ₴19719 per week

₴12881
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1897
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴47285
₴51950
₴48063
₴49156
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 310
health
-
-
-
2 231
income
-
-
-
17 004
total
-
-
-
27 545
Employee
39 495
39 495
81 570
-
social contributions
1 493
3 278
4 421
-
income
4 300
3 656
16 585
-
health
306
672
1 387
-
total
6 099
7 606
22 393
-
Employer
39 495
39 495
81 570
-
health
332
731
1 509
-
social contributions
1 493
3 278
4 421
-
total
1 825
4 009
5 930
-
Corporate
67 683
43 996
-
-
income
8 460
5 499
-
-
total
8 460
5 499
-
-
Dividends
59 223
38 497
-
-
withholding
10 068
6 544
-
-
total
10 068
6 544
-
-
Income
87 500
87 500
87 500
87 500
Total tax
26 452
23 658
28 323
27 545
After tax
61 048
63 842
59 177
59 955
Living cost
11 892
11 892
11 892
11 892
Free-cash
49 156
51 950
47 285
48 063

Estimated living cost  is ₴11892 per week

₴7127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1167
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3335
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55024
₴64304
₴65326
₴61691
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 859
income
-
-
-
8 878
pensions
-
-
-
3 267
unemployment
-
-
-
15
total
-
-
-
14 019
Employee

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

11 789
-
82 480
-
income
806
-
7 605
-
pensions
1 768
-
7 310
-
health
1 002
-
4 142
-
unemployment
58
-
244
-
total
3 634
-
19 301
-
Employer

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

11 789
-
82 480
-
unemployment
58
-
244
-
health
507
-
2 096
-
pensions
648
-
2 680
-
total
1 213
-
5 020
-
Corporate
74 497
87 500
-
-
income
6 705
7 875
-
-
total
6 705
7 875
-
-
Dividends
67 792
79 625
-
-
withholding
6 102
7 166
-
-
total
6 102
7 166
-
-
Income
87 500
87 500
87 500
87 500
Total tax
17 654
15 041
24 321
14 019
After tax
69 846
72 459
63 179
73 481
Living cost
8 155
8 155
8 155
8 155
Free-cash
61 691
64 304
55 024
65 326

Estimated living cost  is ₴8155 per week

₴5203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴588
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.
₴2121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32859
₴44237
₴35015
₴41968
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
429
income
-
-
-
24 079
pensions
-
-
-
13 472
unemployment
-
-
-
333
total
-
-
-
38 361
Employee
18 992
-
72 323
-
income
3 661
-
22 316
-
other
19
-
48
-
pensions
893
-
2 238
-
unemployment
294
-
738
-
total
4 867
-
25 340
-
Employer
18 992
-
72 323
-
other
152
-
381
-
unemployment
1 045
-
2 618
-
accident
376
-
943
-
pensions
4 482
-
11 235
-
total
6 055
-
15 177
-
Corporate
62 453
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.

9 368
13 125
-
-
total
9 368
13 125
-
-
Dividends
53 086
74 375
-
-
withholding
11 118
16 014
-
-
total
11 118
16 014
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 408
29 139
40 517
38 361
After tax
56 092
58 361
46 983
49 139
Living cost
14 124
14 124
14 124
14 124
Free-cash
41 968
44 237
32 859
35 015

Estimated living cost  is ₴14124 per week

₴9534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2986
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55295
₴53647
₴55362
₴53488
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
504
income
-
-
-
29 986
pensions
-
-
-
695
total
-
-
-
31 185
Employee
1 451
-
86 718
-
income
281
-
29 949
-
pensions
131
-
313
-
health
73
-
174
-
unemployment
15
-
35
-
total
500
-
30 471
-
Employer
1 451
-
86 718
-
unemployment
29
-
69
-
health
138
-
330
-
pensions
160
-
382
-
total
327
-
781
-
Corporate
85 723
87 500
-
-
income
18 859
19 250
-
-
total
18 859
19 250
-
-
Dividends
66 864
68 250
-
-
withholding
13 373
13 650
-
-
total
13 373
13 650
-
-
Income
87 500
87 500
87 500
87 500
Total tax
33 059
32 900
31 252
31 185
After tax
54 441
54 600
56 248
56 315
Living cost
953
953
953
953
Free-cash
53 488
53 647
55 295
55 362

Estimated living cost  is ₴953 per week

₴566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44633
₴54375
₴44631
₴51858
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 893
income
-
-
-
19 739
pensions
-
-
-
9 826
unemployment
-
-
-
567
total
-
-
-
34 025
Employee

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

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

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

13 336
-
80 735
-
income
1 838
-
19 739
-
pensions
1 867
-
5 291
-
health
687
-
1 946
-
unemployment
100
-
283
-
total
4 492
-
27 259
-
Employer

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

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

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

13 336
-
80 735
-
unemployment
100
-
283
-
health
687
-
1 946
-
pensions
1 600
-
4 535
-
total
2 387
-
6 764
-
Corporate
71 777
87 500
-
-
income
10 767
13 125
-
-
total
10 767
13 125
-
-
Dividends
61 011
74 375
-
-
withholding
9 152
11 156
-
-
total
9 152
11 156
-
-
Income
87 500
87 500
87 500
87 500
Total tax
26 798
24 281
34 023
34 025
After tax
60 702
63 219
53 477
53 475
Living cost
8 844
8 844
8 844
8 844
Free-cash
51 858
54 375
44 633
44 631

Estimated living cost  is ₴8844 per week

₴5954
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴684
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.
₴1949
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26570
₴35923
₴33147
₴35738
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
30 407
income
-
-
-
10 099
surtax
-
-
-
-
total
-
-
-
40 506
Employee
19 935
-
70 707
-
surtax
-
-
-
-
social contributions
2 193
-
7 778
-
income
3 895
-
22 512
-
total
6 088
-
30 290
-
Employer
19 935
-
70 707
-
social contributions
4 734
-
16 793
-
total
4 734
-
16 793
-
Corporate
62 831
87 500
-
-
surtax
-
-
-
-
income
13 195
18 375
-
-
total
13 195
18 375
-
-
Dividends
49 636
69 125
-
-
withholding
13 898
19 355
-
-
total
13 898
19 355
-
-
Income
87 500
87 500
87 500
87 500
Total tax
37 915
37 730
47 083
40 506
After tax
49 585
49 770
40 417
46 994
Living cost
13 847
13 847
13 847
13 847
Free-cash
35 738
35 923
26 570
33 147

Estimated living cost  is ₴13847 per week

₴9807
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴962
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.
₴2832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28932
₴40310
₴31088
₴36905
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
429
income
-
-
-
24 079
pensions
-
-
-
13 472
unemployment
-
-
-
333
total
-
-
-
38 361
Employee
24 806
-
72 323
-
income
5 181
-
22 316
-
other
24
-
48
-
pensions
1 166
-
2 238
-
unemployment
384
-
738
-
total
6 755
-
25 340
-
Employer
24 806
-
72 323
-
other
199
-
381
-
unemployment
1 365
-
2 618
-
accident
491
-
943
-
pensions
5 854
-
11 235
-
total
7 909
-
15 177
-
Corporate
54 786
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.

8 218
13 125
-
-
total
8 218
13 125
-
-
Dividends
46 568
74 375
-
-
withholding
9 662
16 014
-
-
total
9 662
16 014
-
-
Income
87 500
87 500
87 500
87 500
Total tax
32 544
29 139
40 517
38 361
After tax
54 956
58 361
46 983
49 139
Living cost
18 051
18 051
18 051
18 051
Free-cash
36 905
40 310
28 932
31 088

Estimated living cost  is ₴18051 per week

₴12963
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3430
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64313
₴66077
₴60903
₴62982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 040
income
-
-
-
13 125
pensions

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

-
-
-
2 625
unemployment
-
-
-
71
total
-
-
-
17 861
Employee
11 568
-
84 020
-
income
1 157
-
8 402
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 016
-
1 558
-
health
532
-
816
-
total
2 832
-
10 971
-
Employer
11 568
-
84 020
-
unemployment
69
-
106
-
health
798
-
1 224
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 275
-
1 955
-
total
2 269
-
3 480
-
Corporate
73 663
87 500
-
-
income
7 366
8 750
-
-
total
7 366
8 750
-
-
Dividends
66 296
78 750
-
-
withholding
3 315
3 937
-
-
total
3 315
3 937
-
-
Income
87 500
87 500
87 500
87 500
Total tax
15 782
12 687
14 451
17 861
After tax
71 718
74 813
73 049
69 639
Living cost
8 736
8 736
8 736
8 736
Free-cash
62 982
66 077
64 313
60 903

Estimated living cost  is ₴8736 per week

₴5778
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴500
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2250
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35974
₴25206
₴26845
₴31926
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 509
income

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

-
-
-
26 717
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.

-
-
-
1 470
trade
-
-
-
9 129
total
-
-
-
40 825
Employee

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

25 556
-
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.

116
-
1 470
-
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.

2 101
-
26 717
-
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.

3 509
-
3 509
-
total
5 726
-
31 696
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
61 944
87 500
-
-
chamber of commerce
169
207
-
-
surtax

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

511
722
-
-
trade
8 889
12 556
-
-
income
9 292
13 125
-
-
total
18 861
26 610
-
-
Dividends
43 084
60 890
-
-
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.

582
827
-
-
withholding
10 575
15 027
-
-
total
11 157
15 854
-
-
Income
87 500
87 500
87 500
87 500
Total tax
35 744
42 464
31 696
40 825
After tax
51 756
45 036
55 804
46 675
Living cost
19 830
19 830
19 830
19 830
Free-cash
31 926
25 206
35 974
26 845

Estimated living cost  is ₴19830 per week

₴13679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2134
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.
₴3729
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17201
₴31992
₴17201
₴33126
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 511
social contributions
-
-
-
14 530
total
-
-
-
41 041
Employee
40 177
-
87 500
-
income
7 581
-
26 511
-
social contributions
3 338
-
14 530
-
total
10 919
-
41 041
-
Employer
40 177
-
87 500
-
total
-
-
-
-
Corporate
47 323
87 500
-
-
income
5 915
10 937
-
-
total
5 915
10 937
-
-
Dividends
41 408
76 563
-
-
withholding
8 282
15 313
-
-
total
8 282
15 313
-
-
Income
87 500
87 500
87 500
87 500
Total tax
25 116
26 250
41 041
41 041
After tax
62 384
61 250
46 459
46 459
Living cost
29 258
29 258
29 258
29 258
Free-cash
33 126
31 992
17 201
17 201

Estimated living cost  is ₴29258 per week

₴22259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2384
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.
₴4335
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43750
₴35516
₴51066
₴37310
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
87 500
income
-
-
-
14 620
health

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

-
-
-
3 169
total
-
-
-
17 789
Employee
23 562
-
85 137
-
income
2 557
-
20 379
-
social contributions
2 361
-
2 363
-
total
4 918
-
22 742
-
Employer
23 562
-
85 137
-
social contributions
2 361
-
2 363
-
total
2 361
-
2 363
-
Corporate
61 577
87 500
-
-
income
21 552
30 625
-
-
total
21 552
30 625
-
-
Dividends
40 026
56 875
-
-
social contributions
2 714
2 714
-
-
total
2 714
2 714
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 545
33 339
25 105
17 789
After tax
55 955
54 161
62 395
69 711
Living cost
18 645
18 645
18 645
18 645
Free-cash
37 310
35 516
43 750
51 066

Estimated living cost  is ₴18645 per week

₴12281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1470
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.
₴4607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31319
₴38581
₴39251
₴41604
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 757
pensions
-
-
-
4 543
total
-
-
-
29 300
Employee
26 011
-
76 458
-
income
4 737
-
19 468
-
health
339
-
1 118
-
pensions
1 985
-
5 604
-
total
7 061
-
26 190
-
Employer
26 011
-
76 458
-
health
494
-
1 453
-
pensions
2 628
-
9 589
-
total
3 122
-
11 042
-
Corporate
58 367
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.

11 090
16 625
-
-
total
11 090
16 625
-
-
Dividends
47 277
70 875
-
-
withholding
5 674
13 345
-
-
total
5 674
13 345
-
-
Income
87 500
87 500
87 500
87 500
Total tax
26 947
29 970
37 232
29 300
After tax
60 553
57 530
50 268
58 200
Living cost
18 949
18 949
18 949
18 949
Free-cash
41 604
38 581
31 319
39 251

Estimated living cost  is ₴18949 per week

₴12999
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1743
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.
₴3969
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴35079
-₴5236
₴47505
₴5197
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192
health
-
-
-
1 128
accident
-
-
-
131
income
-
-
-
24 069
pensions
-
-
-
2 152
total
-
-
-
27 672
Employee
19 385
-
78 564
-
income
2 659
-
18 220
-
pensions
2 183
-
3 947
-
health
2 220
-
8 995
-
total
7 062
-
31 162
-
Employer
19 385
-
78 564
-
unemployment
475
-
1 925
-
accident
324
-
1 312
-
pensions
3 152
-
5 699
-
total
3 951
-
8 936
-
Corporate
64 164
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.

57 748
78 750
-
-
total
57 748
78 750
-
-
Dividends
6 417
8 750
-
-
withholding
1 219
1 663
-
-
total
1 219
1 663
-
-
Income
87 500
87 500
87 500
87 500
Total tax
69 980
80 413
40 098
27 672
After tax
17 520
7 087
47 402
59 828
Living cost
12 323
12 323
12 323
12 323
Free-cash
5 197
-5 236
35 079
47 505

Estimated living cost  is ₴12323 per week

₴9044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2313
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54933
₴66712
₴43669
₴64316
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 385
health insurance
-
-
-
6 062
work injury
-
-
-
410
pensions
-
-
-
15 072
unemployment
-
-
-
983
total
-
-
-
36 912
Employee

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

11 070
-
87 500
-
income
1 107
-
14 385
-
work injury
55
-
205
-
health insurance
819
-
3 031
-
pensions
2 037
-
7 536
-
unemployment
133
-
491
-
total
4 151
-
25 648
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
76 430
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%.

764
875
-
-
total
764
875
-
-
Dividends
75 666
86 625
-
-
withholding
11 350
12 994
-
-
total
11 350
12 994
-
-
Income
87 500
87 500
87 500
87 500
Total tax
16 265
13 869
25 648
36 912
After tax
71 235
73 631
61 852
50 588
Living cost
6 919
6 919
6 919
6 919
Free-cash
64 316
66 712
54 933
43 669

Estimated living cost  is ₴6919 per week

₴4286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1914
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16654
₴25626
₴20494
₴23290
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
21 453
regional
-
-
-
2 001
municipal
-
-
-
585
total
-
-
-
46 544
Employee
43 281
-
87 500
-
social contributions
14 594
-
29 505
-
municipal
258
-
522
-
national
7 314
-
18 583
-
regional
653
-
1 774
-
total
22 819
-
50 384
-
Employer
43 281
-
87 500
-
total
-
-
-
-
Corporate
44 219
87 500
-
-
nationa
10 613
21 000
-
-
municipal
2 132
4 218
-
-
total
12 745
25 218
-
-
Dividends
31 475
62 283
-
-
withholding
8 184
16 194
-
-
total
8 184
16 194
-
-
Income
87 500
87 500
87 500
87 500
Total tax
43 748
41 412
50 384
46 544
After tax
43 752
46 088
37 116
40 956
Living cost
20 462
20 462
20 462
20 462
Free-cash
23 290
25 626
16 654
20 494

Estimated living cost  is ₴20462 per week

₴14373
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1407
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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