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
₴28972
₴40461
₴30345
₴34508
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
87 500
income

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

-
-
-
26 973
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.

-
-
-
1 484
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.

-
-
-
3 420
trade
-
-
-
10 116
total
-
-
-
41 993
Employee

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

19 145
-
87 500
-
surtax

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

29
-
1 484
-
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.

535
-
26 973
-
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.

3 420
-
3 420
-
total
3 984
-
31 877
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 355
87 500
-
-
income
10 253
13 125
-
-
surtax

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

564
722
-
-
chamber of commerce
174
201
-
-
trade
10 766
13 781
-
-
total
21 757
27 829
-
-
Dividends
46 597
59 671
-
-
surtax

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

630
810
-
-
withholding
11 459
14 727
-
-
total
12 089
15 537
-
-
Income
87 500
87 500
87 500
87 500
Total tax
37 830
43 366
31 877
41 993
After tax
49 670
44 134
55 623
45 507
Living cost
15 162
15 162
15 162
15 162
Free-cash
34 508
28 972
40 461
30 345

Estimated living cost  is ₴15162 per week

₴9537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1768
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3574
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27969
₴25767
₴25080
₴27526
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
social contributions
-
-
-
941
municipal
-
-
-
9 550
national
-
-
-
14 798
pensions
-
-
-
10 500
total
-
-
-
35 789
Employee
41 284
-
75 643
-
municipal
5 099
-
9 889
-
pensions
1 651
-
3 026
-
national
7 902
-
15 323
-
total
14 652
-
28 238
-
Employer
41 284
-
75 643
-
pensions
3 303
-
6 051
-
social contributions
444
-
813
-
total
3 747
-
6 864
-
Corporate
39 745
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%.

7 949
17 500
-
-
total
7 949
17 500
-
-
Dividends
31 796
70 000
-
-
withholding
6 995
15 400
-
-
total
6 995
15 400
-
-
Income
87 500
87 500
87 500
87 500
Total tax
33 343
32 900
35 102
35 789
After tax
54 157
54 600
52 398
51 711
Living cost
26 631
26 631
26 631
26 631
Free-cash
27 526
27 969
25 767
25 080

Estimated living cost  is ₴26631 per week

₴18101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴399
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59586
₴26280
₴19723
₴55480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
87 500
income
-
-
-
15 872
surtax
-
-
-
22 312
social contributions

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

-
-
-
19 179
microenterprise
-
-
-
-
total
-
-
-
57 363
Employee
14 627
-
65 882
-
surtax
-
-
9 553
-
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.

1 609
-
6 562
-
income
2 604
-
13 073
-
total
4 213
-
29 188
-
Employer
14 627
-
65 882
-
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.

3 523
-
14 371
-
surtax
-
-
7 247
-
total
3 523
-
21 618
-
Corporate
69 350
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%.

13 870
17 500
-
-
total
13 870
17 500
-
-
Dividends

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

55 481
70 000
-
-
total
-
-
-
-
Income
87 500
87 500
87 500
87 500
Total tax
21 606
17 500
50 806
57 363
After tax
65 894
70 000
36 694
30 137
Living cost
10 414
10 414
10 414
10 414
Free-cash
55 480
59 586
26 280
19 723

Estimated living cost  is ₴10414 per week

₴6644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴992
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.
₴2542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22341
₴33625
₴27384
₴19276
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
27 109
health
-
-
-
6 173
pensions
-
-
-
5 865
total
-
-
-
39 147
Employee
42 746
42 746
78 198
-
pensions
7 694
5 865
5 865
-
income

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

6 997
6 997
11 566
-
health
6 561
5 581
6 173
-
total
21 252
18 443
23 604
-
Employer
42 746
42 746
78 198
-
health
2 971
2 971
3 692
-
pensions
2 975
2 975
3 698
-
unemployment
1 539
1 539
1 912
-
total
7 485
7 485
9 302
-
Corporate
37 793
37 269
-
-
income
7 558
7 454
-
-
total
7 558
7 454
-
-
Dividends
30 235
29 815
-
-
income
6 425
6 336
-
-
withholding
4 535
4 472
-
-
total
10 960
10 808
-
-
Income
87 500
87 500
87 500
87 500
Total tax
47 255
44 190
32 906
39 147
After tax
40 245
43 310
54 594
48 353
Living cost
20 969
20 969
20 969
20 969
Free-cash
19 276
22 341
33 625
27 384

Estimated living cost  is ₴20969 per week

₴14860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27642
₴24395
₴24883
₴27190
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
accident
-
-
-
88
other
-
-
-
5 127
unemployment
-
-
-
44
health
-
-
-
2 753
municipal
-
-
-
22 281
national
-
-
-
7 421
pensions
-
-
-
4 770
total
-
-
-
42 484
Employee
28 688
-
73 636
-
municipal
8 555
-
21 958
-
national
-
-
7 150
-
total
8 555
-
29 108
-
Employer
28 688
-
73 636
-
health
1 764
-
2 714
-
pensions
3 101
-
4 770
-
accident
57
-
88
-
unemployment
757
-
1 165
-
other
3 334
-
5 127
-
total
9 013
-
13 864
-
Corporate
49 798
87 500
-
-
income
10 956
19 250
-
-
total
10 956
19 250
-
-
Dividends
38 843
68 250
-
-
withholding
11 653
20 475
-
-
total
11 653
20 475
-
-
Income
87 500
87 500
87 500
87 500
Total tax
40 177
39 725
42 972
42 484
After tax
47 323
47 775
44 528
45 016
Living cost
20 133
20 133
20 133
20 133
Free-cash
27 190
27 642
24 395
24 883

Estimated living cost  is ₴20133 per week

₴13343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4508
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24019
₴35959
₴25393
₴31051
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
87 500
income

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

-
-
-
26 973
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.

-
-
-
1 484
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.

-
-
-
3 420
trade
-
-
-
10 566
total
-
-
-
42 443
Employee

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

25 384
-
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.

120
-
1 484
-
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.

2 181
-
26 973
-
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.

3 420
-
3 420
-
total
5 721
-
31 877
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 116
87 500
-
-
income
9 318
13 125
-
-
surtax

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

512
722
-
-
chamber of commerce
164
200
-
-
trade
10 218
14 394
-
-
total
20 212
28 441
-
-
Dividends
41 903
59 059
-
-
surtax

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

566
802
-
-
withholding
10 286
14 574
-
-
total
10 852
15 376
-
-
Income
87 500
87 500
87 500
87 500
Total tax
36 785
43 817
31 877
42 443
After tax
50 715
43 683
55 623
45 057
Living cost
19 664
19 664
19 664
19 664
Free-cash
31 051
24 019
35 959
25 393

Estimated living cost  is ₴19664 per week

₴13151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
₴47598
₴42832
₴43604
₴45523
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
17 330
social contributions
-
-
-
8 099
health
-
-
-
2 231
total
-
-
-
27 660
Employee
38 491
38 491
81 680
-
social contributions
1 870
3 195
4 309
-
income
4 042
3 563
16 914
-
health
383
654
1 389
-
total
6 295
7 412
22 612
-
Employer
38 491
38 491
81 680
-
health
417
712
1 511
-
social contributions
1 870
3 195
4 309
-
total
2 287
3 907
5 820
-
Corporate
62 682
45 102
-
-
income
7 835
5 638
-
-
total
7 835
5 638
-
-
Dividends
54 847
39 465
-
-
withholding
9 324
6 709
-
-
total
9 324
6 709
-
-
Income
87 500
87 500
87 500
87 500
Total tax
25 741
23 666
28 432
27 660
After tax
61 759
63 834
59 068
59 840
Living cost
16 236
16 236
16 236
16 236
Free-cash
45 523
47 598
42 832
43 604

Estimated living cost  is ₴16236 per week

₴11099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40182
₴41755
₴51646
₴40369
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
10 697
unemployment
-
-
-
1 312
health
-
-
-
6 125
pensions
-
-
-
8 750
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.

12 948
5 153
73 222
-
unemployment
194
77
1 098
-
pensions
1 295
515
7 322
-
income
1 583
630
8 951
-
health
906
361
5 126
-
total
3 978
1 583
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.

12 948
5 153
73 222
-
pensions
2 525
1 005
14 278
-
total
2 525
1 005
14 278
-
Corporate
72 027
81 342
-
-
income
6 482
7 321
-
-
total
6 482
7 321
-
-
Dividends
65 545
74 021
-
-
social contributions
12 722
14 375
-
-
withholding
12 454
14 064
-
-
total
25 176
28 439
-
-
Income
87 500
87 500
87 500
87 500
Total tax
38 161
38 348
36 775
26 884
After tax
49 339
49 152
50 725
60 616
Living cost
8 970
8 970
8 970
8 970
Free-cash
40 369
40 182
41 755
51 646

Estimated living cost  is ₴8970 per week

₴6121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57910
₴38343
₴34810
₴54800
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
11 725
health
-
-
-
11 375
pensions
-
-
-
17 500
total
-
-
-
40 600
Employee
14 200
-
65 396
-
unemployment
227
-
1 047
-
pensions
284
-
1 308
-
income
1 599
-
12 608
-
total
2 110
-
14 963
-
Employer
14 200
-
65 396
-
health
1 846
-
8 502
-
pensions
2 840
-
13 079
-
unemployment
114
-
523
-
total
4 800
-
22 104
-
Corporate
68 500
87 500
-
-
income
13 700
17 500
-
-
total
13 700
17 500
-
-
Dividends
54 800
70 000
-
-
total
-
-
-
-
Income
87 500
87 500
87 500
87 500
Total tax
20 610
17 500
37 067
40 600
After tax
66 890
70 000
50 433
46 900
Living cost
12 090
12 090
12 090
12 090
Free-cash
54 800
57 910
38 343
34 810

Estimated living cost  is ₴12090 per week

₴8293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴720
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.
₴2835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4072
₴36305
₴48663
₴5377
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
accident
-
-
-
128
income
-
-
-
24 145
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
27 678
Employee
17 554
-
78 670
-
pensions
1 977
-
3 870
-
income
2 408
-
18 329
-
health
2 010
-
9 008
-
total
6 395
-
31 207
-
Employer
17 554
-
78 670
-
pensions
2 854
-
5 588
-
accident
293
-
1 314
-
unemployment
430
-
1 927
-
total
3 577
-
8 829
-
Corporate
66 368
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.

59 731
78 750
-
-
total
59 731
78 750
-
-
Dividends
6 637
8 750
-
-
withholding
1 261
1 663
-
-
total
1 261
1 663
-
-
Income
87 500
87 500
87 500
87 500
Total tax
70 964
80 413
40 036
27 678
After tax
16 536
7 087
47 464
59 822
Living cost
11 159
11 159
11 159
11 159
Free-cash
5 377
-4 072
36 305
48 663

Estimated living cost  is ₴11159 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₴79099
₴65974
₴82599
₴78345
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
87 500
microenterprise

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

-
-
-
875
total
-
-
-
875
Employee
5 032
-
87 500
-
income
1 006
-
17 500
-
total
1 006
-
17 500
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

82 468
87 500
-
-
total
-
-
-
-
Dividends
82 468
87 500
-
-
withholding
4 123
4 375
-
-
total
4 123
4 375
-
-
Income
87 500
87 500
87 500
87 500
Total tax
5 129
4 375
17 500
875
After tax
82 371
83 125
70 000
86 625
Living cost
4 026
4 026
4 026
4 026
Free-cash
78 345
79 099
65 974
82 599

Estimated living cost  is ₴4026 per week

₴2495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
₴50948
₴36270
₴35480
₴47569
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
13 449
other
-
-
-
3 615
health
-
-
-
3 349
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.

-
-
-
18 269
total
-
-
-
38 682
Employee
18 175
-
69 888
-
unemployment
181
-
699
-
pensions

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

1 272
-
4 892
-
income
3 129
-
13 711
-
health
255
-
978
-
total
4 837
-
20 280
-
Employer
18 175
-
69 888
-
health
255
-
978
-
pensions

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

3 090
-
11 881
-
accident
145
-
559
-
unemployment
181
-
699
-
other
909
-
3 495
-
total
4 580
-
17 612
-
Corporate
64 745
87 500
-
-
income
13 596
18 375
-
-
total
13 596
18 375
-
-
Dividends
51 149
69 125
-
-
withholding
3 580
4 839
-
-
total
3 580
4 839
-
-
Income
87 500
87 500
87 500
87 500
Total tax
26 593
23 214
37 892
38 682
After tax
60 907
64 286
49 608
48 818
Living cost
13 338
13 338
13 338
13 338
Free-cash
47 569
50 948
36 270
35 480

Estimated living cost  is ₴13338 per week

₴9424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴23794
₴16584
₴24509
₴25077
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 905
pensions
-
-
-
4 500
total
-
-
-
29 405
Employee
47 520
-
76 446
-
pensions
4 584
-
5 541
-
income
8 566
-
19 623
-
health
783
-
1 112
-
total
13 933
-
26 276
-
Employer
47 520
-
76 446
-
health
902
-
1 452
-
pensions
5 611
-
9 602
-
total
6 513
-
11 054
-
Corporate
33 467
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.

6 358
16 625
-
-
total
6 358
16 625
-
-
Dividends
27 109
70 875
-
-
withholding
2 033
13 495
-
-
total
2 033
13 495
-
-
Income
87 500
87 500
87 500
87 500
Total tax
28 837
30 120
37 330
29 405
After tax
58 663
57 380
50 170
58 095
Living cost
33 586
33 586
33 586
33 586
Free-cash
25 077
23 794
16 584
24 509

Estimated living cost  is ₴33586 per week

₴25167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3946
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴68249
₴66569
₴63143
₴65923
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
13 125
unemployment
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
17 794
Employee
8 690
-
84 070
-
accident

We are using the highest rate at 1.1%.

96
-
192
-
pensions

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

763
-
1 535
-
income
869
-
8 407
-
health
400
-
804
-
total
2 128
-
10 938
-
Employer
8 690
-
84 070
-
health
600
-
1 206
-
pensions

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

958
-
1 927
-
accident

We are using the highest rate at 1.1%.

96
-
192
-
unemployment
52
-
105
-
total
1 706
-
3 430
-
Corporate
77 104
87 500
-
-
income
7 710
8 750
-
-
total
7 710
8 750
-
-
Dividends
69 394
78 750
-
-
withholding
3 470
3 938
-
-
total
3 470
3 938
-
-
Income
87 500
87 500
87 500
87 500
Total tax
15 014
12 688
14 368
17 794
After tax
72 486
74 812
73 132
69 706
Living cost
6 563
6 563
6 563
6 563
Free-cash
65 923
68 249
66 569
63 143

Estimated living cost  is ₴6563 per week

₴3832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴469
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴15553
₴26837
₴20596
₴16812
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
27 109
health
-
-
-
6 173
pensions
-
-
-
5 865
total
-
-
-
39 147
Employee
46 408
42 746
78 198
-
pensions
5 865
5 865
5 865
-
income

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

6 997
6 997
11 566
-
health
5 790
5 581
6 173
-
total
18 652
18 443
23 604
-
Employer
46 408
42 746
78 198
-
health
3 225
2 971
3 692
-
pensions
3 230
2 975
3 698
-
unemployment
1 671
1 539
1 912
-
total
8 126
7 485
9 302
-
Corporate
32 966
37 269
-
-
income
6 593
7 454
-
-
total
6 593
7 454
-
-
Dividends
26 373
29 815
-
-
income
5 604
6 336
-
-
withholding
3 956
4 472
-
-
total
9 560
10 808
-
-
Income
87 500
87 500
87 500
87 500
Total tax
42 931
44 190
32 906
39 147
After tax
44 569
43 310
54 594
48 353
Living cost
27 757
27 757
27 757
27 757
Free-cash
16 812
15 553
26 837
20 596

Estimated living cost  is ₴27757 per week

₴20475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2479
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47987
₴33242
₴37085
₴43614
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
8 707
social contributions
-
-
-
17 638
solidarity contribution
-
-
-
-
health
-
-
-
11 813
total
-
-
-
38 158
Employee
18 025
-
66 421
-
solidarity contribution
-
-
-
-
social contributions
1 172
-
3 926
-
income
2 163
-
8 029
-
health
2 433
-
8 967
-
total
5 768
-
20 922
-
Employer
18 025
-
66 421
-
health
1 622
-
5 978
-
social contributions
4 506
-
15 101
-
total
6 128
-
21 079
-
Corporate
63 346
87 500
-
-
income
12 036
16 625
-
-
total
12 036
16 625
-
-
Dividends
51 310
70 875
-
-
withholding
7 697
10 631
-
-
total
7 697
10 631
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 629
27 256
42 001
38 158
After tax
55 871
60 244
45 499
49 342
Living cost
12 257
12 257
12 257
12 257
Free-cash
43 614
47 987
33 242
37 085

Estimated living cost  is ₴12257 per week

₴8514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25563
₴16783
₴20736
₴22947
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
social contributions
-
-
-
22 505
regional
-
-
-
1 032
municipal
-
-
-
520
national
-
-
-
21 585
total
-
-
-
45 642
Employee
44 487
-
87 500
-
municipal
236
-
464
-
national
7 709
-
18 715
-
regional
420
-
911
-
social contributions
15 001
-
29 505
-
total
23 366
-
49 595
-
Employer
44 487
-
87 500
-
total
-
-
-
-
Corporate
43 013
87 500
-
-
municipal
1 678
3 412
-
-
nationa
10 324
21 000
-
-
total
12 002
24 412
-
-
Dividends
31 012
63 088
-
-
withholding
8 063
16 403
-
-
total
8 063
16 403
-
-
Income
87 500
87 500
87 500
87 500
Total tax
43 431
40 815
49 595
45 642
After tax
44 069
46 685
37 905
41 858
Living cost
21 122
21 122
21 122
21 122
Free-cash
22 947
25 563
16 783
20 736

Estimated living cost  is ₴21122 per week

₴14724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43991
₴27309
₴30369
₴42434
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 148
other
-
-
-
-
surtax
-
-
-
3 719
unemployment
-
-
-
114
health
-
-
-
4 743
pensions
-
-
-
13 361
total
-
-
-
46 085
Employee
16 553
-
73 438
-
other
-
-
-
-
unemployment
1 152
-
4 650
-
pensions
1 104
-
4 456
-
surtax
54
-
3 120
-
income
2 775
-
21 154
-
health
423
-
1 703
-
total
5 508
-
35 083
-
Employer
16 553
-
73 438
-
health
753
-
3 040
-
pensions
2 207
-
8 905
-
unemployment
524
-
2 117
-
other
-
-
-
-
total
3 484
-
14 062
-
Corporate
67 462
87 500
-
-
income
17 540
22 750
-
-
total
17 540
22 750
-
-
Dividends
49 922
64 750
-
-
withholding
7 488
9 713
-
-
total
7 488
9 713
-
-
Income
87 500
87 500
87 500
87 500
Total tax
34 020
32 463
49 145
46 085
After tax
53 480
55 037
38 355
41 415
Living cost
11 046
11 046
11 046
11 046
Free-cash
42 434
43 991
27 309
30 369

Estimated living cost  is ₴11046 per week

₴6754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34435
₴27225
₴35150
₴37752
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 905
pensions
-
-
-
4 500
total
-
-
-
29 405
Employee
31 846
-
76 446
-
pensions
2 703
-
5 541
-
income
5 736
-
19 623
-
health
462
-
1 112
-
total
8 901
-
26 276
-
Employer
31 846
-
76 446
-
health
605
-
1 452
-
pensions
3 447
-
9 602
-
total
4 052
-
11 054
-
Corporate
51 601
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.

9 805
16 625
-
-
total
9 805
16 625
-
-
Dividends
41 797
70 875
-
-
withholding
4 045
13 495
-
-
total
4 045
13 495
-
-
Income
87 500
87 500
87 500
87 500
Total tax
26 803
30 120
37 330
29 405
After tax
60 697
57 380
50 170
58 095
Living cost
22 945
22 945
22 945
22 945
Free-cash
37 752
34 435
27 225
35 150

Estimated living cost  is ₴22945 per week

₴17190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1720
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴409
₴27309
₴31414
₴17353
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
other

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

-
-
-
1 750
regional
-
-
-
4 225
health
-
-
-
197
city
-
-
-
923
national
-
-
-
1 339
pensions
-
-
-
8 050
total
-
-
-
16 484
Employee
46 345
-
78 317
-
unemployment
-
-
-
-
pensions
3 894
-
6 579
-
national
219
-
1 024
-
regional
1 518
-
3 648
-
city
497
-
841
-
health
105
-
176
-
total
6 233
-
12 268
-
Employer
46 345
-
78 317
-
health
105
-
176
-
pensions
3 894
-
6 579
-
unemployment
-
-
-
-
other

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

927
-
1 566
-
total
4 926
-
8 321
-
Corporate
35 721
87 500
-
-
regional
7 555
18 507
-
-
national
3 036
7 437
-
-
total
10 591
25 944
-
-
Dividends
25 130
61 556
-
-
withholding
8 795
21 545
-
-
total
8 795
21 545
-
-
Income
87 500
87 500
87 500
87 500
Total tax
30 545
47 489
20 589
16 484
After tax
56 955
40 011
66 911
71 016
Living cost
39 602
39 602
39 602
39 602
Free-cash
17 353
409
27 309
31 414

Estimated living cost  is ₴39602 per week

₴25753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3554
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9809
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴20301
₴32692
₴21677
₴28417
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
87 500
income

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

-
-
-
26 973
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.

-
-
-
1 484
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.

-
-
-
3 420
trade
-
-
-
11 015
total
-
-
-
42 892
Employee

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

30 083
-
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.

195
-
1 484
-
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.

3 537
-
26 973
-
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.

3 420
-
3 420
-
total
7 152
-
31 877
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 417
87 500
-
-
income
8 613
13 125
-
-
surtax

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

474
722
-
-
chamber of commerce
157
199
-
-
trade
9 847
15 007
-
-
total
19 091
29 053
-
-
Dividends
38 327
58 447
-
-
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.

517
793
-
-
withholding
9 392
14 422
-
-
total
9 909
15 215
-
-
Income
87 500
87 500
87 500
87 500
Total tax
36 152
44 268
31 877
42 892
After tax
51 348
43 232
55 623
44 608
Living cost
22 931
22 931
22 931
22 931
Free-cash
28 417
20 301
32 692
21 677

Estimated living cost  is ₴22931 per week

₴16748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4051
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26973
₴31025
₴32193
₴29932
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
13 629
other
-
-
-
2 713
surtax
-
-
-
-
social contributions
-
-
-
2 494
health
-
-
-
3 679
pensions
-
-
-
15 666
total
-
-
-
38 181
Employee
21 423
-
67 841
-
pensions
2 422
-
4 668
-
surtax
-
-
-
-
social contributions
611
-
1 933
-
income
1 264
-
13 088
-
total
4 297
-
19 689
-
Employer
21 423
-
67 841
-
health
1 500
-
6 218
-
pensions
3 519
-
7 867
-
unemployment
867
-
2 747
-
social contributions
65
-
203
-
other
739
-
2 625
-
total
6 690
-
19 660
-
Corporate
59 387
87 500
-
-
income
16 628
24 500
-
-
surtax
-
-
-
-
total
16 628
24 500
-
-
Dividends
42 758
63 000
-
-
surtax
-
-
-
-
social contributions
7 354
10 837
-
-
withholding
5 473
8 064
-
-
total
12 827
18 901
-
-
Income
87 500
87 500
87 500
87 500
Total tax
40 442
43 401
39 349
38 181
After tax
47 058
44 099
48 151
49 319
Living cost
17 126
17 126
17 126
17 126
Free-cash
29 932
26 973
31 025
32 193

Estimated living cost  is ₴17126 per week

₴10799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1393
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.
₴4644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28670
₴32722
₴33890
₴31452
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
13 629
other
-
-
-
2 713
surtax
-
-
-
-
social contributions
-
-
-
2 494
health
-
-
-
3 679
pensions
-
-
-
15 666
total
-
-
-
38 181
Employee
19 123
-
67 841
-
pensions
2 163
-
4 668
-
surtax
-
-
-
-
social contributions
545
-
1 933
-
income
986
-
13 088
-
total
3 694
-
19 689
-
Employer
19 123
-
67 841
-
health
1 338
-
6 218
-
pensions
3 142
-
7 867
-
unemployment
774
-
2 747
-
social contributions
57
-
203
-
other
660
-
2 625
-
total
5 971
-
19 660
-
Corporate
62 405
87 500
-
-
income
17 474
24 500
-
-
surtax
-
-
-
-
total
17 474
24 500
-
-
Dividends
44 931
63 000
-
-
surtax
-
-
-
-
social contributions
7 729
10 837
-
-
withholding
5 751
8 064
-
-
total
13 480
18 901
-
-
Income
87 500
87 500
87 500
87 500
Total tax
40 619
43 401
39 349
38 181
After tax
46 881
44 099
48 151
49 319
Living cost
15 429
15 429
15 429
15 429
Free-cash
31 452
28 670
32 722
33 890

Estimated living cost  is ₴15429 per week

₴8948
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1567
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.
₴4621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42769
₴43793
₴45578
₴43030
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
13 125
social contributions
-
-
-
12 075
health
-
-
-
6 108
total
-
-
-
31 308
Employee
16 972
-
87 500
-
social contributions
2 342
-
12 075
-
income
2 831
-
14 910
-
health
1 185
-
6 108
-
total
6 358
-
33 093
-
Employer
16 972
-
87 500
-
total
-
-
-
-
Corporate
70 528
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%.

3 526
4 375
-
-
total
3 526
4 375
-
-
Dividends
67 002
83 125
-
-
social contributions
9 246
11 471
-
-
withholding
10 050
12 469
-
-
health
4 676
5 802
-
-
total
23 972
29 742
-
-
Income
87 500
87 500
87 500
87 500
Total tax
33 856
34 117
33 093
31 308
After tax
53 644
53 383
54 407
56 192
Living cost
10 614
10 614
10 614
10 614
Free-cash
43 030
42 769
43 793
45 578

Estimated living cost  is ₴10614 per week

₴7103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴654
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.
₴2611
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30785
₴5566
₴27269
₴30009
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 782
surtax
-
-
-
99
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
350
health
-
-
-
4 473
pensions
-
-
-
10 819
total
-
-
-
42 593
Employee
25 016
19 948
69 748
-
other
250
199
585
-
unemployment
750
598
1 754
-
pensions
2 562
2 042
5 988
-
income
2 848
1 471
18 992
-
health
968
772
2 263
-
total
7 378
5 082
29 582
-
Employer
25 016
19 948
69 748
-
chamber of commerce
100
80
279
-
health
945
754
2 210
-
pensions
3 139
2 504
7 339
-
accident
325
259
760
-
unemployment
750
598
1 754
-
surtax
99
99
99
-
payroll
750
598
2 093
-
other
1 188
947
3 217
-
total
7 296
5 839
17 751
-
Corporate
55 187
61 712
67 848
-
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.

13 796
15 428
16 963
-
total
13 796
15 428
16 963
-
Dividends
41 391
46 283
-
-
withholding
11 383
12 728
-
-
total
11 383
12 728
-
-
Income
87 500
87 500
87 500
87 500
Total tax
39 853
39 077
64 296
42 593
After tax
47 647
48 423
23 204
44 907
Living cost
17 638
17 638
17 638
17 638
Free-cash
30 009
30 785
5 566
27 269

Estimated living cost  is ₴17638 per week

₴11764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1505
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.
₴4080
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30686
₴12592
₴19678
₴23179
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
communal

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

-
-
-
4 502
social contributions
-
-
-
12 480
national
-
-
-
32 589
total
-
-
-
49 571
Employee

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

35 805
-
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.

312
-
590
-
communal

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

1 868
-
3 535
-
pensions

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

2 685
-
5 083
-
national
11 008
-
24 536
-
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.

1 682
-
3 185
-
total
17 555
-
36 929
-
Employer

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

35 805
-
67 772
-
health

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

2 202
-
4 168
-
pensions

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

3 173
-
6 004
-
accident

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

465
-
881
-
unemployment

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

522
-
990
-
surtax
4 060
-
7 685
-
total
10 422
-
19 728
-
Corporate
41 272
87 500
-
-
income
8 255
17 500
-
-
surtax
165
350
-
-
total
8 420
17 850
-
-
Dividends
32 852
69 650
-
-
withholding

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

9 673
20 713
-
-
total
9 673
20 713
-
-
Income
87 500
87 500
87 500
87 500
Total tax
46 070
38 563
56 657
49 571
After tax
41 430
48 937
30 843
37 929
Living cost
18 251
18 251
18 251
18 251
Free-cash
23 179
30 686
12 592
19 678

Estimated living cost  is ₴18251 per week

₴11756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1596
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.
₴4614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40256
₴28935
₴31035
₴36804
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
accident
-
-
-
418
income
-
-
-
24 468
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
38 388
Employee
24 917
-
72 709
-
other
25
-
47
-
unemployment
387
-
719
-
pensions
1 171
-
2 181
-
income
5 257
-
22 750
-
total
6 840
-
25 697
-
Employer
24 917
-
72 709
-
pensions
5 880
-
10 950
-
accident
493
-
919
-
unemployment
1 371
-
2 551
-
other
199
-
371
-
total
7 943
-
14 791
-
Corporate
54 641
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.

8 196
13 125
-
-
total
8 196
13 125
-
-
Dividends
46 445
74 375
-
-
withholding
9 640
16 042
-
-
total
9 640
16 042
-
-
Income
87 500
87 500
87 500
87 500
Total tax
32 619
29 167
40 488
38 388
After tax
54 881
58 333
47 012
49 112
Living cost
18 077
18 077
18 077
18 077
Free-cash
36 804
40 256
28 935
31 035

Estimated living cost  is ₴18077 per week

₴13312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1282
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24023
₴19621
₴16133
₴17667
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
communal
-
-
-
5 530
accident
-
-
-
738
income
-
-
-
14 296
surtax
-
-
-
4 338
health
-
-
-
6 147
pensions
-
-
-
13 115
total
-
-
-
44 164
Employee
37 907
-
78 160
-
pensions
3 032
-
6 252
-
surtax
2 323
-
4 790
-
income
3 661
-
16 815
-
health
1 687
-
3 479
-
total
10 703
-
31 336
-
Employer
37 907
-
78 160
-
health
1 156
-
2 384
-
pensions
3 032
-
6 252
-
accident
341
-
704
-
total
4 529
-
9 340
-
Corporate
45 064
87 500
-
-
communal
3 042
5 907
-
-
income
6 760
13 125
-
-
surtax
473
919
-
-
total
10 275
19 951
-
-
Dividends
34 790
67 550
-
-
income
11 904
6 190
-
-
withholding
5 219
10 133
-
-
total
17 123
16 323
-
-
Income
87 500
87 500
87 500
87 500
Total tax
42 630
36 274
40 676
44 164
After tax
44 870
51 226
46 824
43 336
Living cost
27 203
27 203
27 203
27 203
Free-cash
17 667
24 023
19 621
16 133

Estimated living cost  is ₴27203 per week

₴20406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1648
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.
₴4860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43794
₴27112
₴30172
₴42203
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 148
other
-
-
-
-
surtax
-
-
-
3 719
unemployment
-
-
-
114
health
-
-
-
4 743
pensions
-
-
-
13 361
total
-
-
-
46 085
Employee
16 857
-
73 438
-
other
-
-
-
-
unemployment
1 173
-
4 650
-
pensions
1 125
-
4 456
-
surtax
60
-
3 120
-
income
2 826
-
21 154
-
health
430
-
1 703
-
total
5 614
-
35 083
-
Employer
16 857
-
73 438
-
health
767
-
3 040
-
pensions
2 247
-
8 905
-
unemployment
535
-
2 117
-
other
-
-
-
-
total
3 549
-
14 062
-
Corporate
67 094
87 500
-
-
income
17 444
22 750
-
-
total
17 444
22 750
-
-
Dividends
49 650
64 750
-
-
withholding
7 447
9 713
-
-
total
7 447
9 713
-
-
Income
87 500
87 500
87 500
87 500
Total tax
34 054
32 463
49 145
46 085
After tax
53 446
55 037
38 355
41 415
Living cost
11 243
11 243
11 243
11 243
Free-cash
42 203
43 794
27 112
30 172

Estimated living cost  is ₴11243 per week

₴6788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32507
₴24155
₴28087
₴31398
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
social contributions
-
-
-
22 505
regional
-
-
-
1 319
municipal
-
-
-
520
national
-
-
-
21 585
total
-
-
-
45 929
Employee
27 767
-
87 500
-
municipal
147
-
464
-
national
4 399
-
18 715
-
regional
374
-
1 177
-
social contributions
9 363
-
29 505
-
total
14 283
-
49 861
-
Employer
27 767
-
87 500
-
total
-
-
-
-
Corporate
59 733
87 500
-
-
municipal
2 968
4 349
-
-
nationa
14 336
21 000
-
-
total
17 304
25 349
-
-
Dividends
42 429
62 152
-
-
withholding
11 031
16 160
-
-
total
11 031
16 160
-
-
Income
87 500
87 500
87 500
87 500
Total tax
42 618
41 509
49 861
45 929
After tax
44 882
45 991
37 639
41 571
Living cost
13 484
13 484
13 484
13 484
Free-cash
31 398
32 507
24 155
28 087

Estimated living cost  is ₴13484 per week

₴8386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45140
₴30395
₴34238
₴39751
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
8 707
social contributions
-
-
-
17 638
solidarity contribution
-
-
-
-
health
-
-
-
11 813
total
-
-
-
38 158
Employee
22 212
-
66 421
-
solidarity contribution
-
-
-
-
social contributions
1 444
-
3 926
-
income
2 665
-
8 029
-
health
2 999
-
8 967
-
total
7 108
-
20 922
-
Employer
22 212
-
66 421
-
health
1 999
-
5 978
-
social contributions
5 553
-
15 101
-
total
7 552
-
21 079
-
Corporate
57 736
87 500
-
-
income
10 970
16 625
-
-
total
10 970
16 625
-
-
Dividends
46 766
70 875
-
-
withholding
7 015
10 631
-
-
total
7 015
10 631
-
-
Income
87 500
87 500
87 500
87 500
Total tax
32 645
27 256
42 001
38 158
After tax
54 855
60 244
45 499
49 342
Living cost
15 104
15 104
15 104
15 104
Free-cash
39 751
45 140
30 395
34 238

Estimated living cost  is ₴15104 per week

₴11232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32506
₴7262
₴29036
₴32259
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 782
surtax
-
-
-
-
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
350
health
-
-
-
4 473
pensions
-
-
-
10 819
total
-
-
-
42 494
Employee
21 881
19 948
69 841
-
other
218
199
585
-
unemployment
656
598
1 754
-
pensions
2 241
2 042
5 988
-
income
1 949
1 471
19 036
-
health
846
772
2 263
-
total
5 910
5 082
29 626
-
Employer
21 881
19 948
69 841
-
chamber of commerce
87
80
279
-
health
827
754
2 210
-
pensions
2 746
2 504
7 339
-
accident
284
259
760
-
unemployment
656
598
1 754
-
surtax
-
-
-
-
payroll
656
598
2 095
-
other
1 039
947
3 220
-
total
6 295
5 740
17 657
-
Corporate
59 322
61 811
67 941
-
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.

14 831
15 453
16 985
-
total
14 831
15 453
16 985
-
Dividends
44 491
46 358
-
-
withholding
12 235
12 749
-
-
total
12 235
12 749
-
-
Income
87 500
87 500
87 500
87 500
Total tax
39 271
39 024
64 268
42 494
After tax
48 229
48 476
23 232
45 006
Living cost
15 970
15 970
15 970
15 970
Free-cash
32 259
32 506
7 262
29 036

Estimated living cost  is ₴15970 per week

₴9580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴76852
₴63727
₴80352
₴75676
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
87 500
microenterprise

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

-
-
-
875
total
-
-
-
875
Employee
7 842
-
87 500
-
income
1 568
-
17 500
-
total
1 568
-
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%.

79 658
87 500
-
-
total
-
-
-
-
Dividends
79 658
87 500
-
-
withholding
3 983
4 375
-
-
total
3 983
4 375
-
-
Income
87 500
87 500
87 500
87 500
Total tax
5 551
4 375
17 500
875
After tax
81 949
83 125
70 000
86 625
Living cost
6 273
6 273
6 273
6 273
Free-cash
75 676
76 852
63 727
80 352

Estimated living cost  is ₴6273 per week

₴4245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46818
₴27025
₴29344
₴42631
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
87 500
income
-
-
-
20 010
unemployment
-
-
-
131
health
-
-
-
8 610
pensions
-
-
-
15 979
total
-
-
-
44 730
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.

22 135
-
75 711
-
unemployment
31
-
106
-
pensions
3 431
-
11 735
-
income
3 817
-
18 527
-
health
1 430
-
4 891
-
total
8 709
-
35 259
-
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.

22 135
-
75 711
-
health
1 474
-
5 043
-
pensions
1 959
-
6 701
-
unemployment
13
-
46
-
total
3 446
-
11 790
-
Corporate
61 919
87 500
-
-
income
11 765
16 625
-
-
total
11 765
16 625
-
-
Dividends
50 154
70 875
-
-
withholding
7 523
10 631
-
-
total
7 523
10 631
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 443
27 256
47 049
44 730
After tax
56 057
60 244
40 451
42 770
Living cost
13 426
13 426
13 426
13 426
Free-cash
42 631
46 818
27 025
29 344

Estimated living cost  is ₴13426 per week

₴9214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴31855
₴59602
₴39089
₴8286
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
17 056
social contributions
-
-
-
9 975
total
-
-
-
27 031
Employee
30 656
-
-
-
social contributions
2 514
-
358
-
income
6 762
-
-
-
total
9 276
-
358
-
Employer
30 656
-
-
-
social contributions
43 225
-
6 160
-
total
43 225
-
6 160
-
Corporate
13 620
87 500
-
-
income
2 996
19 250
-
-
total
2 996
19 250
-
-
Dividends
10 623
68 250
-
-
income
2 337
15 015
-
-
total
2 337
15 015
-
-
Income
87 500
87 500
87 500
87 500
Total tax
57 834
34 265
6 518
27 031
After tax
29 666
53 235
80 982
60 469
Living cost
21 380
21 380
21 380
21 380
Free-cash
8 286
31 855
59 602
39 089

Estimated living cost  is ₴21380 per week

₴13872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5224
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34069
₴24569
₴31202
₴33564
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
87 500
income
-
-
-
10 190
surtax
-
-
-
-
social contributions

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

-
-
-
30 407
total
-
-
-
40 597
Employee
23 022
-
70 707
-
surtax
-
-
-
-
social contributions
2 532
-
7 778
-
income
4 789
-
22 660
-
total
7 321
-
30 438
-
Employer
23 022
-
70 707
-
social contributions
5 468
-
16 792
-
total
5 468
-
16 792
-
Corporate
59 010
87 500
-
-
income
12 393
18 375
-
-
surtax
-
-
-
-
total
12 393
18 375
-
-
Dividends
46 618
69 125
-
-
withholding
13 053
19 355
-
-
total
13 053
19 355
-
-
Income
87 500
87 500
87 500
87 500
Total tax
38 235
37 730
47 230
40 597
After tax
49 265
49 770
40 270
46 903
Living cost
15 701
15 701
15 701
15 701
Free-cash
33 564
34 069
24 569
31 202

Estimated living cost  is ₴15701 per week

₴11748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19923
₴23975
₴25143
₴23365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
13 629
other
-
-
-
2 713
surtax
-
-
-
-
social contributions
-
-
-
2 494
health
-
-
-
3 679
pensions
-
-
-
15 666
total
-
-
-
38 181
Employee
31 351
-
67 841
-
pensions
3 546
-
4 668
-
surtax
-
-
-
-
social contributions
893
-
1 933
-
income
2 735
-
13 088
-
total
7 174
-
19 689
-
Employer
31 351
-
67 841
-
health
2 194
-
6 218
-
pensions
5 151
-
7 867
-
unemployment
1 270
-
2 747
-
social contributions
94
-
203
-
other
1 082
-
2 625
-
total
9 791
-
19 660
-
Corporate
46 357
87 500
-
-
income
12 980
24 500
-
-
surtax
-
-
-
-
total
12 980
24 500
-
-
Dividends
33 378
63 000
-
-
surtax
-
-
-
-
social contributions
5 741
10 837
-
-
withholding
4 273
8 064
-
-
total
10 014
18 901
-
-
Income
87 500
87 500
87 500
87 500
Total tax
39 959
43 401
39 349
38 181
After tax
47 541
44 099
48 151
49 319
Living cost
24 176
24 176
24 176
24 176
Free-cash
23 365
19 923
23 975
25 143

Estimated living cost  is ₴24176 per week

₴16362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1978
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.
₴5505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63703
₴51742
₴49418
₴62021
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 785
social contributions
-
-
-
19 250
total
-
-
-
23 035
Employee
16 093
-
75 757
-
income
-
-
4 044
-
social contributions
1 046
-
4 924
-
total
1 046
-
8 968
-
Employer
16 093
-
75 757
-
social contributions
2 494
-
11 743
-
total
2 494
-
11 743
-
Corporate
68 913
87 500
-
-
income
6 892
8 750
-
-
total
6 892
8 750
-
-
Dividends
62 021
78 750
-
-
total
-
-
-
-
Income
87 500
87 500
87 500
87 500
Total tax
10 432
8 750
20 711
23 035
After tax
77 068
78 750
66 789
64 465
Living cost
15 047
15 047
15 047
15 047
Free-cash
62 021
63 703
51 742
49 418

Estimated living cost  is ₴15047 per week

₴9729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴21559
-₴21559
₴27537
-₴21559
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 965
municipal
-
-
-
18 207
national
-
-
-
10 250
pensions
-
-
-
434
total
-
-
-
35 856
Employee
101 748
101 748
101 748
-
municipal
21 667
21 667
21 667
-
labour market
8 128
8 128
8 128
-
pensions
145
145
145
-
national
12 430
12 430
12 430
-
total
42 370
42 370
42 370
-
Employer
101 748
101 748
101 748
-
national
12 452
12 452
12 452
-
labour market
8 140
8 140
8 140
-
pensions
289
289
289
-
municipal
21 701
21 701
21 701
-
total
42 582
42 582
42 582
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
87 500
87 500
87 500
87 500
Total tax
84 952
84 952
84 952
35 856
After tax
2 548
2 548
2 548
51 644
Living cost
24 107
24 107
24 107
24 107
Free-cash
-21 559
-21 559
-21 559
27 537

Estimated living cost  is ₴24107 per week

₴16499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3908
₴36469
₴48827
₴5400
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
accident
-
-
-
128
income
-
-
-
24 145
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
27 678
Employee
17 296
-
78 670
-
pensions
1 948
-
3 870
-
income
2 373
-
18 329
-
health
1 980
-
9 008
-
total
6 301
-
31 207
-
Employer
17 296
-
78 670
-
pensions
2 812
-
5 588
-
accident
289
-
1 314
-
unemployment
424
-
1 927
-
total
3 525
-
8 829
-
Corporate
66 680
87 500
-
-
income

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

60 012
78 750
-
-
total
60 012
78 750
-
-
Dividends
6 668
8 750
-
-
withholding
1 267
1 663
-
-
total
1 267
1 663
-
-
Income
87 500
87 500
87 500
87 500
Total tax
71 105
80 413
40 036
27 678
After tax
16 395
7 087
47 464
59 822
Living cost
10 995
10 995
10 995
10 995
Free-cash
5 400
-3 908
36 469
48 827

Estimated living cost  is ₴10995 per week

₴8003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴627
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2159
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35653
₴26725
₴37316
₴36895
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 139
municipal
-
-
-
15 545
national
-
-
-
14 282
total
-
-
-
30 966
Employee
26 336
-
73 609
-
municipal
4 314
-
11 991
-
unemployment
395
-
1 104
-
pensions
1 777
-
4 969
-
national
435
-
8 678
-
health
197
-
924
-
total
7 118
-
27 666
-
Employer
26 336
-
73 609
-
health
202
-
567
-
pensions
4 569
-
12 772
-
accident
27
-
73
-
unemployment
171
-
479
-
total
4 969
-
13 891
-
Corporate
56 195
87 500
-
-
income
11 239
17 500
-
-
total
11 239
17 500
-
-
Dividends

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

33 717
52 500
-
-
municipal
6 069
9 450
-
-
national
1 992
5 679
-
-
total
8 061
15 129
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 387
32 629
41 557
30 966
After tax
56 113
54 871
45 943
56 534
Living cost
19 218
19 218
19 218
19 218
Free-cash
36 895
35 653
26 725
37 316

Estimated living cost  is ₴19218 per week

₴12553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1849
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.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52245
₴47479
₴48251
₴49521
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
17 330
social contributions
-
-
-
8 099
health
-
-
-
2 231
total
-
-
-
27 660
Employee
38 491
38 491
81 680
-
social contributions
1 455
3 195
4 309
-
income
4 191
3 563
16 914
-
health
298
654
1 389
-
total
5 944
7 412
22 612
-
Employer
38 491
38 491
81 680
-
health
324
712
1 511
-
social contributions
1 455
3 195
4 309
-
total
1 779
3 907
5 820
-
Corporate
68 187
45 102
-
-
income
8 524
5 638
-
-
total
8 524
5 638
-
-
Dividends
59 663
39 465
-
-
withholding
10 143
6 709
-
-
total
10 143
6 709
-
-
Income
87 500
87 500
87 500
87 500
Total tax
26 390
23 666
28 432
27 660
After tax
61 110
63 834
59 068
59 840
Living cost
11 589
11 589
11 589
11 589
Free-cash
49 521
52 245
47 479
48 251

Estimated living cost  is ₴11589 per week

₴6946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1137
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.
₴3251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64512
₴55608
₴65647
₴61963
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
87 500
income
-
-
-
8 897
unemployment
-
-
-
14
health
-
-
-
1 811
pensions
-
-
-
3 184
total
-
-
-
13 906
Employee

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

11 490
-
82 608
-
unemployment
57
-
237
-
pensions
1 723
-
7 124
-
income
786
-
7 656
-
health
977
-
4 037
-
total
3 543
-
19 054
-
Employer

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

11 490
-
82 608
-
health
494
-
2 042
-
pensions
632
-
2 612
-
unemployment
57
-
237
-
total
1 183
-
4 891
-
Corporate
74 828
87 500
-
-
income
6 735
7 875
-
-
total
6 735
7 875
-
-
Dividends
68 093
79 625
-
-
withholding
6 129
7 166
-
-
total
6 129
7 166
-
-
Income
87 500
87 500
87 500
87 500
Total tax
17 590
15 041
23 945
13 906
After tax
69 910
72 459
63 555
73 594
Living cost
7 947
7 947
7 947
7 947
Free-cash
61 963
64 512
55 608
65 647

Estimated living cost  is ₴7947 per week

₴5071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
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.
₴2067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44568
₴33247
₴35347
₴42356
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
accident
-
-
-
418
income
-
-
-
24 468
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
38 388
Employee
18 509
-
72 709
-
other
18
-
47
-
unemployment
287
-
719
-
pensions
870
-
2 181
-
income
3 568
-
22 750
-
total
4 743
-
25 697
-
Employer
18 509
-
72 709
-
pensions
4 368
-
10 950
-
accident
367
-
919
-
unemployment
1 018
-
2 551
-
other
148
-
371
-
total
5 901
-
14 791
-
Corporate
63 090
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.

9 464
13 125
-
-
total
9 464
13 125
-
-
Dividends
53 627
74 375
-
-
withholding
11 271
16 042
-
-
total
11 271
16 042
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 379
29 167
40 488
38 388
After tax
56 121
58 333
47 012
49 112
Living cost
13 765
13 765
13 765
13 765
Free-cash
42 356
44 568
33 247
35 347

Estimated living cost  is ₴13765 per week

₴9291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53589
₴55198
₴55270
₴53423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
29 946
health
-
-
-
535
pensions
-
-
-
738
total
-
-
-
31 219
Employee
1 540
-
86 670
-
unemployment
15
-
37
-
pensions
139
-
332
-
income
298
-
29 908
-
health
77
-
184
-
total
529
-
30 461
-
Employer
1 540
-
86 670
-
health
146
-
350
-
pensions
169
-
406
-
unemployment
31
-
74
-
total
346
-
830
-
Corporate
85 613
87 500
-
-
income
18 835
19 250
-
-
total
18 835
19 250
-
-
Dividends
66 778
68 250
-
-
withholding
13 356
13 650
-
-
total
13 356
13 650
-
-
Income
87 500
87 500
87 500
87 500
Total tax
33 066
32 900
31 291
31 219
After tax
54 434
54 600
56 209
56 281
Living cost
1 011
1 011
1 011
1 011
Free-cash
53 423
53 589
55 198
55 270

Estimated living cost  is ₴1011 per week

₴601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54558
₴45065
₴45066
₴52094
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
87 500
income
-
-
-
19 783
unemployment
-
-
-
555
health
-
-
-
3 812
pensions
-
-
-
9 623
total
-
-
-
33 773
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.

13 060
-
80 875
-
unemployment
98
-
278
-
pensions
1 828
-
5 182
-
income
1 800
-
19 783
-
health
673
-
1 906
-
total
4 399
-
27 149
-
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.

13 060
-
80 875
-
health
673
-
1 906
-
pensions
1 567
-
4 441
-
unemployment
98
-
278
-
total
2 338
-
6 625
-
Corporate
72 102
87 500
-
-
income
10 815
13 125
-
-
total
10 815
13 125
-
-
Dividends
61 287
74 375
-
-
withholding
9 193
11 156
-
-
total
9 193
11 156
-
-
Income
87 500
87 500
87 500
87 500
Total tax
26 745
24 281
33 774
33 773
After tax
60 755
63 219
53 726
53 727
Living cost
8 661
8 661
8 661
8 661
Free-cash
52 094
54 558
45 065
45 066

Estimated living cost  is ₴8661 per week

₴5832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴36275
₴26775
₴33408
₴36095
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
87 500
income
-
-
-
10 190
surtax
-
-
-
-
social contributions

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

-
-
-
30 407
total
-
-
-
40 597
Employee
19 428
-
70 707
-
surtax
-
-
-
-
social contributions
2 137
-
7 778
-
income
3 796
-
22 660
-
total
5 933
-
30 438
-
Employer
19 428
-
70 707
-
social contributions
4 614
-
16 792
-
total
4 614
-
16 792
-
Corporate
63 458
87 500
-
-
income
13 326
18 375
-
-
surtax
-
-
-
-
total
13 326
18 375
-
-
Dividends
50 132
69 125
-
-
withholding
14 037
19 355
-
-
total
14 037
19 355
-
-
Income
87 500
87 500
87 500
87 500
Total tax
37 910
37 730
47 230
40 597
After tax
49 590
49 770
40 270
46 903
Living cost
13 495
13 495
13 495
13 495
Free-cash
36 095
36 275
26 775
33 408

Estimated living cost  is ₴13495 per week

₴9558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴938
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40741
₴29420
₴31520
₴37460
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
accident
-
-
-
418
income
-
-
-
24 468
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
38 388
Employee
24 175
-
72 709
-
other
24
-
47
-
unemployment
374
-
719
-
pensions
1 136
-
2 181
-
income
5 049
-
22 750
-
total
6 583
-
25 697
-
Employer
24 175
-
72 709
-
pensions
5 705
-
10 950
-
accident
479
-
919
-
unemployment
1 330
-
2 551
-
other
194
-
371
-
total
7 708
-
14 791
-
Corporate
55 618
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.

8 343
13 125
-
-
total
8 343
13 125
-
-
Dividends
47 275
74 375
-
-
withholding
9 814
16 042
-
-
total
9 814
16 042
-
-
Income
87 500
87 500
87 500
87 500
Total tax
32 448
29 167
40 488
38 388
After tax
55 052
58 333
47 012
49 112
Living cost
17 592
17 592
17 592
17 592
Free-cash
37 460
40 741
29 420
31 520

Estimated living cost  is ₴17592 per week

₴12634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
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.
₴3343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66201
₴64521
₴61095
₴63152
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
income
-
-
-
13 125
unemployment
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
17 794
Employee
11 402
-
84 070
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
pensions

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

1 001
-
1 535
-
income
1 140
-
8 407
-
health
525
-
804
-
total
2 791
-
10 938
-
Employer
11 402
-
84 070
-
health
787
-
1 206
-
pensions

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

1 256
-
1 927
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
unemployment
68
-
105
-
total
2 236
-
3 430
-
Corporate
73 861
87 500
-
-
income
7 386
8 750
-
-
total
7 386
8 750
-
-
Dividends
66 475
78 750
-
-
withholding
3 324
3 938
-
-
total
3 324
3 938
-
-
Income
87 500
87 500
87 500
87 500
Total tax
15 737
12 688
14 368
17 794
After tax
71 763
74 812
73 132
69 706
Living cost
8 611
8 611
8 611
8 611
Free-cash
63 152
66 201
64 521
61 095

Estimated living cost  is ₴8611 per week

₴5695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴493
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25709
₴36298
₴27081
₴32256
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
87 500
income

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

-
-
-
26 973
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.

-
-
-
1 484
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.

-
-
-
3 420
trade
-
-
-
9 217
total
-
-
-
41 094
Employee

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

24 906
-
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.

113
-
1 484
-
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.

2 048
-
26 973
-
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.

3 420
-
3 420
-
total
5 581
-
31 877
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 594
87 500
-
-
income
9 389
13 125
-
-
surtax

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

517
722
-
-
chamber of commerce
168
204
-
-
trade
8 982
12 556
-
-
total
19 056
26 607
-
-
Dividends
43 538
60 893
-
-
surtax

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

588
826
-
-
withholding
10 694
15 033
-
-
total
11 282
15 859
-
-
Income
87 500
87 500
87 500
87 500
Total tax
35 919
42 466
31 877
41 094
After tax
51 581
45 034
55 623
46 406
Living cost
19 325
19 325
19 325
19 325
Free-cash
32 256
25 709
36 298
27 081

Estimated living cost  is ₴19325 per week

₴13331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2079
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.
₴3634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32736
₴17676
₴17676
₴33842
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 727
social contributions
-
-
-
14 583
total
-
-
-
41 310
Employee
39 155
-
87 500
-
income
7 388
-
26 727
-
social contributions
3 253
-
14 583
-
total
10 641
-
41 310
-
Employer
39 155
-
87 500
-
total
-
-
-
-
Corporate
48 345
87 500
-
-
income
6 043
10 937
-
-
total
6 043
10 937
-
-
Dividends
42 302
76 563
-
-
withholding
8 460
15 313
-
-
total
8 460
15 313
-
-
Income
87 500
87 500
87 500
87 500
Total tax
25 144
26 250
41 310
41 310
After tax
62 356
61 250
46 190
46 190
Living cost
28 514
28 514
28 514
28 514
Free-cash
33 842
32 736
17 676
17 676

Estimated living cost  is ₴28514 per week

₴21693
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36060
₴44084
₴52052
₴37808
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 249
health

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

-
-
-
3 028
total
-
-
-
17 277
Employee
22 963
-
85 197
-
income
2 492
-
20 640
-
social contributions
2 301
-
2 303
-
total
4 793
-
22 943
-
Employer
22 963
-
85 197
-
social contributions
2 301
-
2 303
-
total
2 301
-
2 303
-
Corporate
62 237
87 500
-
-
income
21 782
30 625
-
-
total
21 782
30 625
-
-
Dividends
40 454
56 875
-
-
social contributions
2 645
2 645
-
-
total
2 645
2 645
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 521
33 270
25 246
17 277
After tax
55 979
54 230
62 254
70 223
Living cost
18 170
18 170
18 170
18 170
Free-cash
37 808
36 060
44 084
52 052

Estimated living cost  is ₴18170 per week

₴11969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1432
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.
₴4490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38726
₴31516
₴39441
₴41700
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 905
pensions
-
-
-
4 500
total
-
-
-
29 405
Employee
25 605
-
76 446
-
pensions
1 954
-
5 541
-
income
4 663
-
19 623
-
health
334
-
1 112
-
total
6 951
-
26 276
-
Employer
25 605
-
76 446
-
health
487
-
1 452
-
pensions
2 587
-
9 602
-
total
3 074
-
11 054
-
Corporate
58 822
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.

11 176
16 625
-
-
total
11 176
16 625
-
-
Dividends
47 645
70 875
-
-
withholding
5 945
13 495
-
-
total
5 945
13 495
-
-
Income
87 500
87 500
87 500
87 500
Total tax
27 146
30 120
37 330
29 405
After tax
60 354
57 380
50 170
58 095
Living cost
18 654
18 654
18 654
18 654
Free-cash
41 700
38 726
31 516
39 441

Estimated living cost  is ₴18654 per week

₴12796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1715
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4996
₴35381
₴47739
₴5234
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
accident
-
-
-
128
income
-
-
-
24 145
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
27 678
Employee
19 008
-
78 670
-
pensions
2 140
-
3 870
-
income
2 608
-
18 329
-
health
2 176
-
9 008
-
total
6 924
-
31 207
-
Employer
19 008
-
78 670
-
pensions
3 091
-
5 588
-
accident
317
-
1 314
-
unemployment
466
-
1 927
-
total
3 874
-
8 829
-
Corporate
64 619
87 500
-
-
income

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

58 157
78 750
-
-
total
58 157
78 750
-
-
Dividends
6 462
8 750
-
-
withholding
1 228
1 663
-
-
total
1 228
1 663
-
-
Income
87 500
87 500
87 500
87 500
Total tax
70 183
80 413
40 036
27 678
After tax
17 317
7 087
47 464
59 822
Living cost
12 083
12 083
12 083
12 083
Free-cash
5 234
-4 996
35 381
47 739

Estimated living cost  is ₴12083 per week

₴8868
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴704
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.
₴2268
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66867
₴55310
₴44298
₴64524
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 416
unemployment
-
-
-
961
work injury
-
-
-
400
health insurance
-
-
-
5 926
pensions
-
-
-
14 735
total
-
-
-
36 438
Employee

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

10 822
-
87 500
-
health insurance
801
-
2 963
-
unemployment
130
-
480
-
work injury
54
-
200
-
pensions
1 991
-
7 367
-
income
1 082
-
14 416
-
total
4 058
-
25 426
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
76 678
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%.

767
875
-
-
total
767
875
-
-
Dividends
75 911
86 625
-
-
withholding
11 387
12 994
-
-
total
11 387
12 994
-
-
Income
87 500
87 500
87 500
87 500
Total tax
16 212
13 869
25 426
36 438
After tax
71 288
73 631
62 074
51 062
Living cost
6 764
6 764
6 764
6 764
Free-cash
64 524
66 867
55 310
44 298

Estimated living cost  is ₴6764 per week

₴4190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴26148
₴17039
₴20880
₴23871
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
87 500
social contributions
-
-
-
22 505
regional
-
-
-
2 004
municipal
-
-
-
585
national
-
-
-
21 585
total
-
-
-
46 679
Employee
42 180
-
87 500
-
municipal
252
-
522
-
national
7 128
-
18 715
-
regional
637
-
1 778
-
social contributions
14 223
-
29 505
-
total
22 240
-
50 520
-
Employer
42 180
-
87 500
-
total
-
-
-
-
Corporate
45 320
87 500
-
-
municipal
2 185
4 218
-
-
nationa
10 876
21 000
-
-
total
13 061
25 218
-
-
Dividends
32 258
62 283
-
-
withholding
8 387
16 193
-
-
total
8 387
16 193
-
-
Income
87 500
87 500
87 500
87 500
Total tax
43 688
41 411
50 520
46 679
After tax
43 812
46 089
36 980
40 821
Living cost
19 941
19 941
19 941
19 941
Free-cash
23 871
26 148
17 039
20 880

Estimated living cost  is ₴19941 per week

₴14007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
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.
₴4260
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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