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
₴31098
₴35852
₴30999
₴41634
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
10 635
income

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

-
-
-
28 357
health

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

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

-
-
-
2 935
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.

-
-
-
1 560
total
-
-
-
43 487
Employee

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

16 434
-
87 500
-
health

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

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

2 935
-
2 935
-
surtax

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

25
-
1 560
-
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.

459
-
28 357
-
total
3 419
-
32 852
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 066
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.

586
722
-
-
income
10 660
13 125
-
-
trade
11 193
13 782
-
-
chamber of commerce
167
191
-
-
total
22 606
27 820
-
-
Dividends
48 460
59 681
-
-
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.

657
811
-
-
withholding
11 952
14 757
-
-
total
12 609
15 568
-
-
Income
87 500
87 500
87 500
87 500
Total tax
38 634
43 388
32 852
43 487
After tax
48 866
44 112
54 648
44 013
Living cost
13 014
13 014
13 014
13 014
Free-cash
35 852
31 098
41 634
30 999

Estimated living cost  is ₴13014 per week

₴8186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
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.
₴3067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32921
₴32562
₴28797
₴29267
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
9 672
pensions
-
-
-
10 500
national
-
-
-
15 911
social contributions
-
-
-
941
total
-
-
-
37 024
Employee
33 606
-
75 643
-
municipal
4 151
-
10 011
-
pensions
1 344
-
3 026
-
national
6 432
-
16 653
-
total
11 927
-
29 690
-
Employer
33 606
-
75 643
-
social contributions
361
-
813
-
pensions
2 688
-
6 051
-
total
3 049
-
6 864
-
Corporate
48 627
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%.

9 725
17 500
-
-
total
9 725
17 500
-
-
Dividends
38 901
70 000
-
-
withholding
8 558
15 400
-
-
total
8 558
15 400
-
-
Income
87 500
87 500
87 500
87 500
Total tax
33 259
32 900
36 554
37 024
After tax
54 241
54 600
50 946
50 476
Living cost
21 679
21 679
21 679
21 679
Free-cash
32 562
32 921
29 267
28 797

Estimated living cost  is ₴21679 per week

₴14735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2015
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.
₴4604
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61061
₴57537
₴22271
₴28620
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
17 515
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.

-
-
-
16 463
total
-
-
-
56 290
Employee
12 555
-
67 715
-
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.

1 381
-
5 633
-
surtax
-
-
9 819
-
income
2 235
-
14 704
-
total
3 616
-
30 156
-
Employer
12 555
-
67 715
-
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.

3 024
-
12 336
-
surtax
-
-
7 449
-
total
3 024
-
19 785
-
Corporate
71 920
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%.

14 384
17 500
-
-
total
14 384
17 500
-
-
Dividends

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

57 536
70 000
-
-
total
-
-
-
-
Income
87 500
87 500
87 500
87 500
Total tax
21 024
17 500
49 941
56 290
After tax
66 476
70 000
37 559
31 210
Living cost
8 939
8 939
8 939
8 939
Free-cash
57 537
61 061
28 620
22 271

Estimated living cost  is ₴8939 per week

₴5703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25497
₴22863
₴29486
₴37951
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 682
pensions
-
-
-
5 034
health
-
-
-
5 298
total
-
-
-
40 014
Employee
36 692
36 692
79 515
-
health
5 632
4 790
5 298
-
income

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

6 006
6 006
13 233
-
pensions
6 605
5 034
5 034
-
total
18 243
15 830
23 565
-
Employer
36 692
36 692
79 515
-
unemployment
1 321
1 321
1 641
-
pensions
2 554
2 554
3 174
-
health
2 551
2 551
3 169
-
total
6 426
6 426
7 984
-
Corporate
44 833
44 382
-
-
income
8 967
8 876
-
-
total
8 967
8 876
-
-
Dividends
35 866
35 506
-
-
income
7 621
7 545
-
-
withholding
5 380
5 326
-
-
total
13 001
12 871
-
-
Income
87 500
87 500
87 500
87 500
Total tax
46 637
44 003
31 549
40 014
After tax
40 863
43 497
55 951
47 486
Living cost
18 000
18 000
18 000
18 000
Free-cash
22 863
25 497
37 951
29 486

Estimated living cost  is ₴18000 per week

₴12756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3335
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴31108
₴30732
₴27405
₴27001
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
22 937
accident
-
-
-
73
pensions
-
-
-
3 949
other
-
-
-
4 244
unemployment
-
-
-
37
health
-
-
-
2 279
national
-
-
-
9 909
total
-
-
-
43 428
Employee
23 748
-
76 023
-
municipal
7 082
-
22 670
-
national
-
-
9 686
-
total
7 082
-
32 356
-
Employer
23 748
-
76 023
-
accident
48
-
73
-
other
2 760
-
4 244
-
unemployment
627
-
964
-
pensions
2 567
-
3 949
-
health
1 461
-
2 246
-
total
7 463
-
11 476
-
Corporate
56 290
87 500
-
-
income
12 384
19 250
-
-
total
12 384
19 250
-
-
Dividends
43 906
68 250
-
-
withholding
13 172
20 475
-
-
total
13 172
20 475
-
-
Income
87 500
87 500
87 500
87 500
Total tax
40 101
39 725
43 832
43 428
After tax
47 399
47 775
43 668
44 072
Living cost
16 667
16 667
16 667
16 667
Free-cash
30 732
31 108
27 001
27 405

Estimated living cost  is ₴16667 per week

₴11046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26783
₴32820
₴26662
₴37769
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
11 107
income

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

-
-
-
28 357
health

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

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

-
-
-
2 935
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.

-
-
-
1 560
total
-
-
-
43 959
Employee

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

21 790
-
87 500
-
health

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

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

2 935
-
2 935
-
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.

103
-
1 560
-
income

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

1 872
-
28 357
-
total
4 910
-
32 852
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 710
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.

542
722
-
-
income
9 856
13 125
-
-
trade
10 810
14 394
-
-
chamber of commerce
159
190
-
-
total
21 367
28 431
-
-
Dividends
44 343
59 069
-
-
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.

601
803
-
-
withholding
10 923
14 604
-
-
total
11 524
15 407
-
-
Income
87 500
87 500
87 500
87 500
Total tax
37 801
43 838
32 852
43 959
After tax
49 699
43 662
54 648
43 541
Living cost
16 879
16 879
16 879
16 879
Free-cash
32 820
26 783
37 769
26 662

Estimated living cost  is ₴16879 per week

₴11289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1780
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3558
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49856
₴48076
₴45279
₴44541
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 102
health
-
-
-
2 231
social contributions
-
-
-
6 952
total
-
-
-
28 285
Employee
33 040
33 040
82 279
-
social contributions
1 605
2 742
3 699
-
health
329
562
1 398
-
income
3 469
3 059
18 705
-
total
5 403
6 363
23 802
-
Employer
33 040
33 040
82 279
-
social contributions
1 605
2 742
3 699
-
health
358
612
1 522
-
total
1 963
3 354
5 221
-
Corporate
66 197
51 106
-
-
income
8 275
6 389
-
-
total
8 275
6 389
-
-
Dividends
57 922
44 718
-
-
withholding
9 847
7 602
-
-
total
9 847
7 602
-
-
Income
87 500
87 500
87 500
87 500
Total tax
25 488
23 708
29 023
28 285
After tax
62 012
63 792
58 477
59 215
Living cost
13 936
13 936
13 936
13 936
Free-cash
48 076
49 856
44 541
45 279

Estimated living cost  is ₴13936 per week

₴9527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1089
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41331
₴41493
₴52819
₴42928
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
8 750
unemployment
-
-
-
1 312
health
-
-
-
6 125
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.

11 255
4 479
73 222
-
health
788
314
5 126
-
income
1 376
548
8 951
-
pensions
1 125
448
7 322
-
unemployment
169
67
1 098
-
total
3 458
1 377
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.

11 255
4 479
73 222
-
pensions
2 195
873
14 278
-
total
2 195
873
14 278
-
Corporate
74 051
82 147
-
-
income
6 665
7 393
-
-
total
6 665
7 393
-
-
Dividends
67 386
74 754
-
-
social contributions
13 089
14 526
-
-
withholding
12 803
14 203
-
-
total
25 892
28 729
-
-
Income
87 500
87 500
87 500
87 500
Total tax
38 210
38 372
36 775
26 884
After tax
49 290
49 128
50 725
60 616
Living cost
7 797
7 797
7 797
7 797
Free-cash
41 493
41 331
42 928
52 819

Estimated living cost  is ₴7797 per week

₴5320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1682
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59622
₴56953
₴36522
₴40057
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
17 500
health
-
-
-
11 375
total
-
-
-
40 600
Employee
12 189
-
65 396
-
income
1 372
-
12 608
-
pensions
244
-
1 308
-
unemployment
195
-
1 046
-
total
1 811
-
14 962
-
Employer
12 189
-
65 396
-
unemployment
98
-
523
-
pensions
2 438
-
13 079
-
health
1 584
-
8 501
-
total
4 120
-
22 103
-
Corporate
71 191
87 500
-
-
income
14 238
17 500
-
-
total
14 238
17 500
-
-
Dividends
56 952
70 000
-
-
total
-
-
-
-
Income
87 500
87 500
87 500
87 500
Total tax
20 169
17 500
37 065
40 600
After tax
67 331
70 000
50 435
46 900
Living cost
10 378
10 378
10 378
10 378
Free-cash
56 953
59 622
40 057
36 522

Estimated living cost  is ₴10378 per week

₴7118
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.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2433
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2341
₴5642
₴50343
₴38521
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
24 743
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
27 728
Employee
14 833
-
79 502
-
health
1 698
-
9 103
-
income
2 035
-
19 179
-
pensions
1 670
-
3 270
-
total
5 403
-
31 552
-
Employer
14 833
-
79 502
-
accident
248
-
1 328
-
unemployment
363
-
1 948
-
pensions
2 412
-
4 722
-
total
3 023
-
7 998
-
Corporate
69 644
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.

62 680
78 750
-
-
total
62 680
78 750
-
-
Dividends
6 964
8 750
-
-
withholding
1 323
1 662
-
-
total
1 323
1 662
-
-
Income
87 500
87 500
87 500
87 500
Total tax
72 429
80 412
39 550
27 728
After tax
15 071
7 088
47 950
59 772
Living cost
9 429
9 429
9 429
9 429
Free-cash
5 642
-2 341
38 521
50 343

Estimated living cost  is ₴9429 per week

₴6911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴197
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1799
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴79232
₴78502
₴82732
₴66107
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 866
-
87 500
-
income
973
-
17 500
-
total
973
-
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%.

82 634
87 500
-
-
total
-
-
-
-
Dividends
82 634
87 500
-
-
withholding
4 132
4 375
-
-
total
4 132
4 375
-
-
Income
87 500
87 500
87 500
87 500
Total tax
5 105
4 375
17 500
875
After tax
82 395
83 125
70 000
86 625
Living cost
3 893
3 893
3 893
3 893
Free-cash
78 502
79 232
66 107
82 732

Estimated living cost  is ₴3893 per week

₴2412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴324
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴107
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1050
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52838
₴49934
₴39750
₴39006
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 642
pensions

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

-
-
-
15 681
other
-
-
-
3 103
health
-
-
-
2 875
total
-
-
-
36 301
Employee
15 601
-
70 989
-
health
219
-
915
-
income
2 686
-
14 394
-
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.

1 092
-
4 573
-
unemployment
156
-
653
-
total
4 153
-
20 535
-
Employer
15 601
-
70 989
-
accident
125
-
568
-
other
780
-
3 266
-
unemployment
156
-
653
-
pensions

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

2 652
-
11 108
-
health
219
-
915
-
total
3 932
-
16 510
-
Corporate
67 967
87 500
-
-
income
14 273
18 375
-
-
total
14 273
18 375
-
-
Dividends
53 694
69 125
-
-
withholding
3 759
4 838
-
-
total
3 759
4 838
-
-
Income
87 500
87 500
87 500
87 500
Total tax
26 117
23 213
37 045
36 301
After tax
61 383
64 287
50 455
51 199
Living cost
11 449
11 449
11 449
11 449
Free-cash
49 934
52 838
39 006
39 750

Estimated living cost  is ₴11449 per week

₴8089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2402
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27292
₴30748
₴28429
₴20574
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 272
pensions
-
-
-
4 099
total
-
-
-
30 371
Employee
40 606
-
76 326
-
health
669
-
1 061
-
income
7 320
-
21 036
-
pensions
3 917
-
4 955
-
total
11 906
-
27 052
-
Employer
40 606
-
76 326
-
pensions
4 794
-
9 724
-
health
771
-
1 450
-
total
5 565
-
11 174
-
Corporate
41 328
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.

7 853
16 625
-
-
total
7 853
16 625
-
-
Dividends
33 476
70 875
-
-
withholding
2 728
14 883
-
-
total
2 728
14 883
-
-
Income
87 500
87 500
87 500
87 500
Total tax
28 052
31 508
38 226
30 371
After tax
59 448
55 992
49 274
57 129
Living cost
28 700
28 700
28 700
28 700
Free-cash
30 748
27 292
20 574
28 429

Estimated living cost  is ₴28700 per week

₴21505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3372
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.
₴3589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴69180
₴67183
₴64735
₴68295
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
17 132
Employee
7 458
-
84 556
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
746
-
8 455
-
pensions

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

655
-
1 318
-
total
1 826
-
10 628
-
Employer
7 458
-
84 556
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 654
-
health
515
-
1 035
-
total
1 464
-
2 944
-
Corporate
78 578
87 500
-
-
income
7 858
8 750
-
-
total
7 858
8 750
-
-
Dividends
70 721
78 750
-
-
withholding
3 536
3 937
-
-
total
3 536
3 937
-
-
Income
87 500
87 500
87 500
87 500
Total tax
14 684
12 687
13 572
17 132
After tax
72 816
74 813
73 928
70 368
Living cost
5 633
5 633
5 633
5 633
Free-cash
67 183
69 180
68 295
64 735

Estimated living cost  is ₴5633 per week

₴3288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19671
₴20752
₴23660
₴32125
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 682
pensions
-
-
-
5 034
health
-
-
-
5 298
total
-
-
-
40 014
Employee
39 836
36 692
79 515
-
health
4 970
4 790
5 298
-
income

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

6 006
6 006
13 233
-
pensions
5 034
5 034
5 034
-
total
16 010
15 830
23 565
-
Employer
39 836
36 692
79 515
-
unemployment
1 434
1 321
1 641
-
pensions
2 772
2 554
3 174
-
health
2 768
2 551
3 169
-
total
6 974
6 426
7 984
-
Corporate
40 689
44 382
-
-
income
8 138
8 876
-
-
total
8 138
8 876
-
-
Dividends
32 552
35 506
-
-
income
6 917
7 545
-
-
withholding
4 883
5 326
-
-
total
11 800
12 871
-
-
Income
87 500
87 500
87 500
87 500
Total tax
42 922
44 003
31 549
40 014
After tax
44 578
43 497
55 951
47 486
Living cost
23 826
23 826
23 826
23 826
Free-cash
20 752
19 671
32 125
23 660

Estimated living cost  is ₴23826 per week

₴17576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49969
₴46304
₴40773
₴37029
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 135
health
-
-
-
11 813
solidarity contribution
-
-
-
719
social contributions
-
-
-
14 785
total
-
-
-
36 452
Employee
15 110
-
68 662
-
social contributions
982
-
3 291
-
health
2 040
-
9 269
-
solidarity contribution
-
-
383
-
income
1 813
-
8 415
-
total
4 835
-
21 358
-
Employer
15 110
-
68 662
-
social contributions
3 777
-
12 658
-
health
1 360
-
6 180
-
total
5 137
-
18 838
-
Corporate
67 253
87 500
-
-
income
12 778
16 625
-
-
total
12 778
16 625
-
-
Dividends
54 475
70 875
-
-
withholding
8 171
10 631
-
-
total
8 171
10 631
-
-
Income
87 500
87 500
87 500
87 500
Total tax
30 921
27 256
40 196
36 452
After tax
56 579
60 244
47 304
51 048
Living cost
10 275
10 275
10 275
10 275
Free-cash
46 304
49 969
37 029
40 773

Estimated living cost  is ₴10275 per week

₴7137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2205
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28554
₴26311
₴23464
₴19783
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
528
regional
-
-
-
1 063
national
-
-
-
22 809
social contributions
-
-
-
21 505
total
-
-
-
45 905
Employee
38 187
-
87 500
-
social contributions
12 877
-
28 194
-
regional
360
-
947
-
municipal
202
-
475
-
national
6 617
-
19 970
-
total
20 056
-
49 586
-
Employer
38 187
-
87 500
-
total
-
-
-
-
Corporate
49 313
87 500
-
-
nationa
11 835
21 000
-
-
municipal
1 923
3 412
-
-
total
13 758
24 412
-
-
Dividends
35 554
63 087
-
-
withholding
9 244
16 403
-
-
total
9 244
16 403
-
-
Income
87 500
87 500
87 500
87 500
Total tax
43 058
40 815
49 586
45 905
After tax
44 442
46 685
37 914
41 595
Living cost
18 131
18 131
18 131
18 131
Free-cash
26 311
28 554
19 783
23 464

Estimated living cost  is ₴18131 per week

₴12638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1189
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.
₴4025
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45556
₴44220
₴31769
₴29143
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 304
pensions
-
-
-
11 469
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 071
surtax
-
-
-
4 308
total
-
-
-
46 250
Employee
14 209
-
75 429
-
other
-
-
-
-
health
363
-
1 462
-
surtax
46
-
3 794
-
income
2 382
-
23 734
-
pensions
947
-
3 825
-
unemployment
989
-
3 991
-
total
4 727
-
36 806
-
Employer
14 209
-
75 429
-
other
-
-
-
-
unemployment
450
-
1 817
-
pensions
1 894
-
7 644
-
health
647
-
2 609
-
total
2 991
-
12 070
-
Corporate
70 300
87 500
-
-
income
18 278
22 750
-
-
total
18 278
22 750
-
-
Dividends
52 022
64 750
-
-
withholding
7 803
9 713
-
-
total
7 803
9 713
-
-
Income
87 500
87 500
87 500
87 500
Total tax
33 799
32 463
48 876
46 250
After tax
53 701
55 037
38 624
41 250
Living cost
9 481
9 481
9 481
9 481
Free-cash
44 220
45 556
29 143
31 769

Estimated living cost  is ₴9481 per week

₴5797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36385
₴39219
₴37522
₴29667
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 272
pensions
-
-
-
4 099
total
-
-
-
30 371
Employee
27 213
-
76 326
-
health
395
-
1 061
-
income
4 901
-
21 036
-
pensions
2 310
-
4 955
-
total
7 606
-
27 052
-
Employer
27 213
-
76 326
-
pensions
2 946
-
9 724
-
health
517
-
1 450
-
total
3 463
-
11 174
-
Corporate
56 824
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.

10 797
16 625
-
-
total
10 797
16 625
-
-
Dividends
46 028
70 875
-
-
withholding
6 808
14 883
-
-
total
6 808
14 883
-
-
Income
87 500
87 500
87 500
87 500
Total tax
28 674
31 508
38 226
30 371
After tax
58 826
55 992
49 274
57 129
Living cost
19 607
19 607
19 607
19 607
Free-cash
39 219
36 385
29 667
37 522

Estimated living cost  is ₴19607 per week

₴14689
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1470
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴7333
₴21317
₴37208
₴33675
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
922
pensions
-
-
-
8 051
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
-
-
-
4 706
health
-
-
-
197
national
-
-
-
1 988
total
-
-
-
17 614
Employee
38 242
-
78 553
-
city
410
-
847
-
regional
1 252
-
4 136
-
health
86
-
177
-
pensions
3 213
-
6 334
-
unemployment
-
-
-
-
national
181
-
1 571
-
total
5 142
-
13 065
-
Employer
38 242
-
78 553
-
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.

765
-
1 571
-
unemployment
-
-
-
-
pensions
3 213
-
6 334
-
health
86
-
177
-
total
4 064
-
8 082
-
Corporate
44 773
87 500
-
-
regional
9 470
18 507
-
-
national
3 805
7 438
-
-
total
13 275
25 945
-
-
Dividends
31 498
61 555
-
-
withholding
11 024
21 544
-
-
total
11 024
21 544
-
-
Income
87 500
87 500
87 500
87 500
Total tax
33 505
47 489
21 147
17 614
After tax
53 995
40 011
66 353
69 886
Living cost
32 678
32 678
32 678
32 678
Free-cash
21 317
7 333
33 675
37 208

Estimated living cost  is ₴32678 per week

₴21250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2933
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴401
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴23529
₴30496
₴23384
₴34964
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
11 580
income

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

-
-
-
28 357
health

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

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

-
-
-
2 935
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.

-
-
-
1 560
total
-
-
-
44 432
Employee

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

25 823
-
87 500
-
health

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

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

2 935
-
2 935
-
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.

167
-
1 560
-
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.

3 036
-
28 357
-
total
6 138
-
32 852
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
61 677
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.

509
722
-
-
income
9 251
13 125
-
-
trade
10 578
15 006
-
-
chamber of commerce
152
188
-
-
total
20 490
29 041
-
-
Dividends
41 188
58 458
-
-
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.

558
795
-
-
withholding
10 134
14 451
-
-
total
10 692
15 246
-
-
Income
87 500
87 500
87 500
87 500
Total tax
37 320
44 287
32 852
44 432
After tax
50 180
43 213
54 648
43 068
Living cost
19 684
19 684
19 684
19 684
Free-cash
30 496
23 529
34 964
23 384

Estimated living cost  is ₴19684 per week

₴14376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1575
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.
₴3478
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29399
₴31939
₴33972
₴31992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 075
pensions
-
-
-
14 477
other
-
-
-
2 713
health
-
-
-
4 069
surtax
-
-
-
-
social contributions
-
-
-
2 493
total
-
-
-
38 827
Employee
18 389
-
67 142
-
social contributions
524
-
1 914
-
surtax
-
-
-
-
income
1 085
-
13 628
-
pensions
2 079
-
4 908
-
total
3 688
-
20 450
-
Employer
18 389
-
67 142
-
other
634
-
2 721
-
social contributions
55
-
201
-
unemployment
744
-
2 719
-
pensions
3 021
-
8 220
-
health
1 287
-
6 496
-
total
5 741
-
20 357
-
Corporate
63 368
87 500
-
-
surtax
-
-
-
-
income
17 743
24 500
-
-
total
17 743
24 500
-
-
Dividends
45 625
63 000
-
-
surtax
-
-
-
-
social contributions
7 848
10 836
-
-
withholding
5 840
8 064
-
-
total
13 688
18 900
-
-
Income
87 500
87 500
87 500
87 500
Total tax
40 860
43 400
40 807
38 827
After tax
46 640
44 100
46 693
48 673
Living cost
14 701
14 701
14 701
14 701
Free-cash
31 939
29 399
31 992
33 972

Estimated living cost  is ₴14701 per week

₴9269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3986
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30856
₴33243
₴35429
₴33449
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 075
pensions
-
-
-
14 477
other
-
-
-
2 713
health
-
-
-
4 069
surtax
-
-
-
-
social contributions
-
-
-
2 493
total
-
-
-
38 827
Employee
16 415
-
67 142
-
social contributions
468
-
1 914
-
surtax
-
-
-
-
income
846
-
13 628
-
pensions
1 857
-
4 908
-
total
3 171
-
20 450
-
Employer
16 415
-
67 142
-
other
567
-
2 721
-
social contributions
49
-
201
-
unemployment
665
-
2 719
-
pensions
2 697
-
8 220
-
health
1 149
-
6 496
-
total
5 127
-
20 357
-
Corporate
65 959
87 500
-
-
surtax
-
-
-
-
income
18 468
24 500
-
-
total
18 468
24 500
-
-
Dividends
47 490
63 000
-
-
surtax
-
-
-
-
social contributions
8 168
10 836
-
-
withholding
6 079
8 064
-
-
total
14 247
18 900
-
-
Income
87 500
87 500
87 500
87 500
Total tax
41 013
43 400
40 807
38 827
After tax
46 487
44 100
46 693
48 673
Living cost
13 244
13 244
13 244
13 244
Free-cash
33 243
30 856
33 449
35 429

Estimated living cost  is ₴13244 per week

₴7681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44272
₴44495
₴47082
₴44931
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 107
social contributions
-
-
-
12 075
total
-
-
-
31 307
Employee
14 568
-
87 500
-
social contributions
2 011
-
12 075
-
health
1 017
-
6 107
-
income
2 430
-
15 276
-
total
5 458
-
33 458
-
Employer
14 568
-
87 500
-
total
-
-
-
-
Corporate
72 932
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%.

3 646
4 375
-
-
total
3 646
4 375
-
-
Dividends
69 285
83 125
-
-
health
4 836
5 802
-
-
social contributions
9 561
11 471
-
-
withholding
10 393
12 469
-
-
total
24 790
29 742
-
-
Income
87 500
87 500
87 500
87 500
Total tax
33 894
34 117
33 458
31 307
After tax
53 606
53 383
54 042
56 193
Living cost
9 111
9 111
9 111
9 111
Free-cash
44 495
44 272
44 931
47 082

Estimated living cost  is ₴9111 per week

₴6097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2241
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33160
₴32496
₴29802
₴7896
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
350
income
-
-
-
26 362
pensions
-
-
-
9 286
unemployment
-
-
-
2 635
health
-
-
-
3 840
surtax
-
-
-
85
total
-
-
-
42 558
Employee
21 473
17 123
71 420
-
other
214
171
502
-
health
831
663
1 942
-
income
2 445
1 263
21 846
-
pensions
2 199
1 753
5 140
-
unemployment
644
514
1 506
-
total
6 333
4 364
30 936
-
Employer
21 473
17 123
71 420
-
accident
279
223
652
-
other
1 020
813
3 212
-
chamber of commerce
86
68
285
-
unemployment
644
514
1 506
-
surtax
85
85
85
-
pensions
2 695
2 149
6 300
-
payroll
644
514
2 143
-
health
811
647
1 897
-
total
6 264
5 013
16 080
-
Corporate
59 763
65 364
69 789
-
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.

14 941
16 341
17 448
-
total
14 941
16 341
17 448
-
Dividends
44 822
49 023
-
-
withholding
12 326
13 482
-
-
total
12 326
13 482
-
-
Income
87 500
87 500
87 500
87 500
Total tax
39 864
39 200
64 464
42 558
After tax
47 636
48 300
23 036
44 942
Living cost
15 140
15 140
15 140
15 140
Free-cash
32 496
33 160
7 896
29 802

Estimated living cost  is ₴15140 per week

₴10098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1292
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32863
₴26802
₴22345
₴14480
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
34 170
communal

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

-
-
-
4 607
social contributions
-
-
-
10 712
total
-
-
-
49 489
Employee

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

30 735
-
67 772
-
communal

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

1 603
-
3 535
-
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.

1 444
-
3 186
-
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.

2 305
-
5 083
-
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.

267
-
590
-
national
9 449
-
25 232
-
total
15 068
-
37 626
-
Employer

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

30 735
-
67 772
-
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.

400
-
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.

448
-
989
-
surtax
3 485
-
7 686
-
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.

2 723
-
6 005
-
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.

1 890
-
4 167
-
total
8 946
-
19 728
-
Corporate
47 819
87 500
-
-
surtax
192
360
-
-
income
9 564
18 036
-
-
total
9 756
18 396
-
-
Dividends
38 064
69 103
-
-
withholding

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

11 262
20 575
-
-
total
11 262
20 575
-
-
Income
87 500
87 500
87 500
87 500
Total tax
45 032
38 971
57 354
49 489
After tax
42 468
48 529
30 146
38 011
Living cost
15 666
15 666
15 666
15 666
Free-cash
26 802
32 863
14 480
22 345

Estimated living cost  is ₴15666 per week

₴10091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42665
₴39722
₴33455
₴31653
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
359
income
-
-
-
26 580
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
38 528
Employee
21 388
-
74 804
-
other
21
-
40
-
income
4 513
-
25 105
-
pensions
1 005
-
1 872
-
unemployment
332
-
617
-
total
5 871
-
27 634
-
Employer
21 388
-
74 804
-
accident
423
-
788
-
other
170
-
319
-
unemployment
1 177
-
2 190
-
pensions
5 047
-
9 399
-
total
6 817
-
12 696
-
Corporate
59 294
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.

8 894
13 125
-
-
total
8 894
13 125
-
-
Dividends
50 400
74 375
-
-
withholding
10 679
16 193
-
-
total
10 679
16 193
-
-
Income
87 500
87 500
87 500
87 500
Total tax
32 261
29 318
40 330
38 528
After tax
55 239
58 182
47 170
48 972
Living cost
15 517
15 517
15 517
15 517
Free-cash
39 722
42 665
31 653
33 455

Estimated living cost  is ₴15517 per week

₴11427
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1101
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴26918
₴21096
₴18588
₴22077
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
738
income
-
-
-
15 693
pensions
-
-
-
13 115
health
-
-
-
6 148
surtax
-
-
-
4 338
communal
-
-
-
5 530
total
-
-
-
45 562
Employee
32 539
-
78 160
-
health
1 448
-
3 478
-
surtax
1 994
-
4 790
-
income
3 143
-
18 213
-
pensions
2 603
-
6 252
-
total
9 188
-
32 733
-
Employer
32 539
-
78 160
-
accident
293
-
704
-
pensions
2 603
-
6 252
-
health
992
-
2 384
-
total
3 888
-
9 340
-
Corporate
51 073
87 500
-
-
surtax
537
919
-
-
communal
3 447
5 907
-
-
income
7 661
13 125
-
-
total
11 645
19 951
-
-
Dividends
39 428
67 549
-
-
income
12 419
7 149
-
-
withholding
5 914
10 132
-
-
total
18 333
17 281
-
-
Income
87 500
87 500
87 500
87 500
Total tax
43 054
37 232
42 073
45 562
After tax
44 446
50 268
45 427
41 938
Living cost
23 350
23 350
23 350
23 350
Free-cash
21 096
26 918
22 077
18 588

Estimated living cost  is ₴23350 per week

₴17516
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1415
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45386
₴44021
₴31599
₴28973
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 304
pensions
-
-
-
11 469
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 071
surtax
-
-
-
4 308
total
-
-
-
46 250
Employee
14 470
-
75 429
-
other
-
-
-
-
health
369
-
1 462
-
surtax
51
-
3 794
-
income
2 426
-
23 734
-
pensions
965
-
3 825
-
unemployment
1 007
-
3 991
-
total
4 818
-
36 806
-
Employer
14 470
-
75 429
-
other
-
-
-
-
unemployment
459
-
1 817
-
pensions
1 929
-
7 644
-
health
658
-
2 609
-
total
3 046
-
12 070
-
Corporate
69 984
87 500
-
-
income
18 196
22 750
-
-
total
18 196
22 750
-
-
Dividends
51 788
64 750
-
-
withholding
7 768
9 713
-
-
total
7 768
9 713
-
-
Income
87 500
87 500
87 500
87 500
Total tax
33 828
32 463
48 876
46 250
After tax
53 672
55 037
38 624
41 250
Living cost
9 651
9 651
9 651
9 651
Free-cash
44 021
45 386
28 973
31 599

Estimated living cost  is ₴9651 per week

₴5827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34419
₴33463
₴29744
₴26083
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
528
regional
-
-
-
1 340
national
-
-
-
22 809
social contributions
-
-
-
21 505
total
-
-
-
46 182
Employee
23 835
-
87 500
-
social contributions
8 037
-
28 194
-
regional
321
-
1 204
-
municipal
126
-
475
-
national
3 776
-
19 970
-
total
12 260
-
49 843
-
Employer
23 835
-
87 500
-
total
-
-
-
-
Corporate
63 665
87 500
-
-
nationa
15 280
21 000
-
-
municipal
3 165
4 348
-
-
total
18 445
25 348
-
-
Dividends
45 221
62 151
-
-
withholding
11 758
16 159
-
-
total
11 758
16 159
-
-
Income
87 500
87 500
87 500
87 500
Total tax
42 463
41 507
49 843
46 182
After tax
45 037
45 993
37 657
41 318
Living cost
11 574
11 574
11 574
11 574
Free-cash
33 463
34 419
26 083
29 744

Estimated living cost  is ₴11574 per week

₴7198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3006
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47583
₴43065
₴38387
₴34643
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 135
health
-
-
-
11 813
solidarity contribution
-
-
-
719
social contributions
-
-
-
14 785
total
-
-
-
36 452
Employee
18 619
-
68 662
-
social contributions
1 210
-
3 291
-
health
2 514
-
9 269
-
solidarity contribution
-
-
383
-
income
2 234
-
8 415
-
total
5 958
-
21 358
-
Employer
18 619
-
68 662
-
social contributions
4 655
-
12 658
-
health
1 676
-
6 180
-
total
6 331
-
18 838
-
Corporate
62 550
87 500
-
-
income
11 885
16 625
-
-
total
11 885
16 625
-
-
Dividends
50 666
70 875
-
-
withholding
7 600
10 631
-
-
total
7 600
10 631
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 774
27 256
40 196
36 452
After tax
55 726
60 244
47 304
51 048
Living cost
12 661
12 661
12 661
12 661
Free-cash
43 065
47 583
34 643
38 387

Estimated living cost  is ₴12661 per week

₴9416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34639
₴34428
₴31319
₴9351
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
350
income
-
-
-
26 362
pensions
-
-
-
9 286
unemployment
-
-
-
2 635
health
-
-
-
3 840
surtax
-
-
-
-
total
-
-
-
42 473
Employee
18 782
17 123
71 498
-
other
188
171
502
-
health
727
663
1 942
-
income
1 673
1 263
21 883
-
pensions
1 923
1 753
5 140
-
unemployment
563
514
1 506
-
total
5 074
4 364
30 973
-
Employer
18 782
17 123
71 498
-
accident
244
223
652
-
other
892
813
3 215
-
chamber of commerce
75
68
286
-
unemployment
563
514
1 506
-
surtax
-
-
-
-
pensions
2 357
2 149
6 300
-
payroll
563
514
2 145
-
health
710
647
1 897
-
total
5 404
4 928
16 001
-
Corporate
63 313
65 449
69 867
-
income

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

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

15 828
16 362
17 467
-
total
15 828
16 362
17 467
-
Dividends
47 484
49 086
-
-
withholding
13 058
13 499
-
-
total
13 058
13 499
-
-
Income
87 500
87 500
87 500
87 500
Total tax
39 364
39 153
64 441
42 473
After tax
48 136
48 347
23 059
45 027
Living cost
13 708
13 708
13 708
13 708
Free-cash
34 428
34 639
9 351
31 319

Estimated living cost  is ₴13708 per week

₴8223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴77059
₴75921
₴80559
₴63934
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 582
-
87 500
-
income
1 517
-
17 500
-
total
1 517
-
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%.

79 918
87 500
-
-
total
-
-
-
-
Dividends
79 918
87 500
-
-
withholding
3 996
4 375
-
-
total
3 996
4 375
-
-
Income
87 500
87 500
87 500
87 500
Total tax
5 513
4 375
17 500
875
After tax
81 987
83 125
70 000
86 625
Living cost
6 066
6 066
6 066
6 066
Free-cash
75 921
77 059
63 934
80 559

Estimated living cost  is ₴6066 per week

₴4105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴255
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48719
₴45126
₴30065
₴28165
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 189
pensions
-
-
-
15 980
unemployment
-
-
-
131
health
-
-
-
8 610
total
-
-
-
45 910
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.

19 000
-
75 711
-
health
1 227
-
4 891
-
income
3 277
-
19 289
-
pensions
2 945
-
11 735
-
unemployment
27
-
106
-
total
7 476
-
36 021
-
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.

19 000
-
75 711
-
unemployment
11
-
46
-
pensions
1 681
-
6 701
-
health
1 265
-
5 042
-
total
2 957
-
11 789
-
Corporate
65 542
87 500
-
-
income
12 453
16 625
-
-
total
12 453
16 625
-
-
Dividends
53 089
70 875
-
-
withholding
7 963
10 631
-
-
total
7 963
10 631
-
-
Income
87 500
87 500
87 500
87 500
Total tax
30 849
27 256
47 810
45 910
After tax
56 651
60 244
39 690
41 590
Living cost
11 525
11 525
11 525
11 525
Free-cash
45 126
48 719
28 165
30 065

Estimated living cost  is ₴11525 per week

₴7909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴739
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34601
₴14058
₴41835
₴63185
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
26 719
-
-
-
social contributions
2 191
-
312
-
income
5 894
-
-
-
total
8 085
-
312
-
Employer
26 719
-
-
-
social contributions
37 674
-
5 369
-
total
37 674
-
5 369
-
Corporate
23 107
87 500
-
-
income
5 084
19 250
-
-
total
5 084
19 250
-
-
Dividends
18 024
68 250
-
-
income
3 965
15 015
-
-
total
3 965
15 015
-
-
Income
87 500
87 500
87 500
87 500
Total tax
54 808
34 265
5 681
27 031
After tax
32 692
53 235
81 819
60 469
Living cost
18 634
18 634
18 634
18 634
Free-cash
14 058
34 601
63 185
41 835

Estimated living cost  is ₴18634 per week

₴12091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1753
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.
₴4554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36293
₴35861
₴32625
₴25990
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 991
surtax
-
-
-
-
social contributions

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

-
-
-
30 407
total
-
-
-
41 398
Employee
19 762
-
70 707
-
social contributions
2 174
-
7 778
-
surtax
-
-
-
-
income
4 110
-
23 462
-
total
6 284
-
31 240
-
Employer
19 762
-
70 707
-
social contributions
4 693
-
16 793
-
total
4 693
-
16 793
-
Corporate
63 045
87 500
-
-
surtax
-
-
-
-
income
13 239
18 375
-
-
total
13 239
18 375
-
-
Dividends
49 806
69 125
-
-
withholding
13 946
19 355
-
-
total
13 946
19 355
-
-
Income
87 500
87 500
87 500
87 500
Total tax
38 162
37 730
48 033
41 398
After tax
49 338
49 770
39 467
46 102
Living cost
13 477
13 477
13 477
13 477
Free-cash
35 861
36 293
25 990
32 625

Estimated living cost  is ₴13477 per week

₴10084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2374
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23347
₴26300
₴27920
₴25940
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 075
pensions
-
-
-
14 477
other
-
-
-
2 713
health
-
-
-
4 069
surtax
-
-
-
-
social contributions
-
-
-
2 493
total
-
-
-
38 827
Employee
26 911
-
67 142
-
social contributions
766
-
1 914
-
surtax
-
-
-
-
income
2 348
-
13 628
-
pensions
3 044
-
4 908
-
total
6 158
-
20 450
-
Employer
26 911
-
67 142
-
other
929
-
2 721
-
social contributions
81
-
201
-
unemployment
1 090
-
2 719
-
pensions
4 422
-
8 220
-
health
1 884
-
6 496
-
total
8 406
-
20 357
-
Corporate
52 184
87 500
-
-
surtax
-
-
-
-
income
14 612
24 500
-
-
total
14 612
24 500
-
-
Dividends
37 572
63 000
-
-
surtax
-
-
-
-
social contributions
6 462
10 836
-
-
withholding
4 809
8 064
-
-
total
11 271
18 900
-
-
Income
87 500
87 500
87 500
87 500
Total tax
40 447
43 400
40 807
38 827
After tax
47 053
44 100
46 693
48 673
Living cost
20 753
20 753
20 753
20 753
Free-cash
26 300
23 347
25 940
27 920

Estimated living cost  is ₴20753 per week

₴14045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
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.
₴4725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65834
₴64391
₴51118
₴53444
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 216
social contributions
-
-
-
19 250
total
-
-
-
23 466
Employee
13 814
-
75 758
-
income
-
-
4 474
-
social contributions
898
-
4 924
-
total
898
-
9 398
-
Employer
13 814
-
75 758
-
social contributions
2 141
-
11 742
-
total
2 141
-
11 742
-
Corporate
71 545
87 500
-
-
income
7 154
8 750
-
-
total
7 154
8 750
-
-
Dividends
64 391
78 750
-
-
total
-
-
-
-
Income
87 500
87 500
87 500
87 500
Total tax
10 193
8 750
21 140
23 466
After tax
77 307
78 750
66 360
64 034
Living cost
12 916
12 916
12 916
12 916
Free-cash
64 391
65 834
53 444
51 118

Estimated living cost  is ₴12916 per week

₴8351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
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.
₴3348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6114
-₴6114
₴30230
-₴6114
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
18 578
pensions
-
-
-
372
national
-
-
-
10 657
labour market
-
-
-
6 970
total
-
-
-
36 577
Employee
87 338
87 338
87 338
-
labour market
6 977
6 977
6 977
-
national
10 670
10 670
10 670
-
municipal
18 598
18 598
18 598
-
pensions
124
124
124
-
total
36 369
36 369
36 369
-
Employer
87 338
87 338
87 338
-
labour market
6 987
6 987
6 987
-
municipal
18 628
18 628
18 628
-
pensions
248
248
248
-
national
10 689
10 689
10 689
-
total
36 552
36 552
36 552
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
87 500
87 500
87 500
87 500
Total tax
72 921
72 921
72 921
36 577
After tax
14 579
14 579
14 579
50 923
Living cost
20 693
20 693
20 693
20 693
Free-cash
-6 114
-6 114
-6 114
30 230

Estimated living cost  is ₴20693 per week

₴14162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1830
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.
₴4382
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2202
₴5664
₴50482
₴38660
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
24 743
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
27 728
Employee
14 614
-
79 502
-
health
1 673
-
9 103
-
income
2 005
-
19 179
-
pensions
1 646
-
3 270
-
total
5 324
-
31 552
-
Employer
14 614
-
79 502
-
accident
244
-
1 328
-
unemployment
358
-
1 948
-
pensions
2 376
-
4 722
-
total
2 978
-
7 998
-
Corporate
69 907
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.

62 916
78 750
-
-
total
62 916
78 750
-
-
Dividends
6 991
8 750
-
-
withholding
1 328
1 662
-
-
total
1 328
1 662
-
-
Income
87 500
87 500
87 500
87 500
Total tax
72 546
80 412
39 550
27 728
After tax
14 954
7 088
47 950
59 772
Living cost
9 290
9 290
9 290
9 290
Free-cash
5 664
-2 202
38 660
50 482

Estimated living cost  is ₴9290 per week

₴6762
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴530
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.
₴1824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37600
₴38925
₴38224
₴28201
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
15 540
health
-
-
-
1 168
national
-
-
-
16 072
total
-
-
-
32 780
Employee
22 606
-
73 610
-
health
169
-
954
-
municipal
3 703
-
11 985
-
pensions
1 526
-
4 969
-
unemployment
339
-
1 104
-
national
373
-
9 901
-
total
6 110
-
28 913
-
Employer
22 606
-
73 610
-
accident
23
-
73
-
unemployment
147
-
479
-
pensions
3 922
-
12 771
-
health
174
-
567
-
total
4 266
-
13 890
-
Corporate
60 629
87 500
-
-
income
12 126
17 500
-
-
total
12 126
17 500
-
-
Dividends

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

36 377
52 500
-
-
national
3 029
6 454
-
-
municipal
6 548
9 450
-
-
total
9 577
15 904
-
-
Income
87 500
87 500
87 500
87 500
Total tax
32 079
33 404
42 803
32 780
After tax
55 421
54 096
44 697
54 720
Living cost
16 496
16 496
16 496
16 496
Free-cash
38 925
37 600
28 201
38 224

Estimated living cost  is ₴16496 per week

₴10775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3872
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53844
₴51509
₴49267
₴48529
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 102
health
-
-
-
2 231
social contributions
-
-
-
6 952
total
-
-
-
28 285
Employee
33 040
33 040
82 279
-
social contributions
1 249
2 742
3 699
-
health
256
562
1 398
-
income
3 597
3 059
18 705
-
total
5 102
6 363
23 802
-
Employer
33 040
33 040
82 279
-
social contributions
1 249
2 742
3 699
-
health
278
612
1 522
-
total
1 527
3 354
5 221
-
Corporate
70 922
51 106
-
-
income
8 865
6 389
-
-
total
8 865
6 389
-
-
Dividends
62 057
44 718
-
-
withholding
10 549
7 602
-
-
total
10 549
7 602
-
-
Income
87 500
87 500
87 500
87 500
Total tax
26 043
23 708
29 023
28 285
After tax
61 457
63 792
58 477
59 215
Living cost
9 948
9 948
9 948
9 948
Free-cash
51 509
53 844
48 529
49 267

Estimated living cost  is ₴9948 per week

₴5962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65637
₴63452
₴67378
₴58760
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 000
pensions
-
-
-
2 733
unemployment
-
-
-
12
health
-
-
-
1 555
total
-
-
-
13 300
Employee

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

9 862
-
83 301
-
health
838
-
3 465
-
income
674
-
7 935
-
pensions
1 479
-
6 115
-
unemployment
49
-
204
-
total
3 040
-
17 719
-
Employer

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

9 862
-
83 301
-
unemployment
49
-
204
-
pensions
542
-
2 242
-
health
424
-
1 753
-
total
1 015
-
4 199
-
Corporate
76 622
87 500
-
-
income
6 896
7 875
-
-
total
6 896
7 875
-
-
Dividends
69 727
79 625
-
-
withholding
6 275
7 166
-
-
total
6 275
7 166
-
-
Income
87 500
87 500
87 500
87 500
Total tax
17 226
15 041
21 918
13 300
After tax
70 274
72 459
65 582
74 200
Living cost
6 822
6 822
6 822
6 822
Free-cash
63 452
65 637
58 760
67 378

Estimated living cost  is ₴6822 per week

₴4353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46366
₴44469
₴37156
₴35354
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
359
income
-
-
-
26 580
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
38 528
Employee
15 888
-
74 804
-
other
15
-
40
-
income
3 063
-
25 105
-
pensions
747
-
1 872
-
unemployment
246
-
617
-
total
4 071
-
27 634
-
Employer
15 888
-
74 804
-
accident
315
-
788
-
other
127
-
319
-
unemployment
874
-
2 190
-
pensions
3 749
-
9 399
-
total
5 065
-
12 696
-
Corporate
66 547
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.

9 982
13 125
-
-
total
9 982
13 125
-
-
Dividends
56 565
74 375
-
-
withholding
12 097
16 193
-
-
total
12 097
16 193
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 215
29 318
40 330
38 528
After tax
56 285
58 182
47 170
48 972
Living cost
11 816
11 816
11 816
11 816
Free-cash
44 469
46 366
35 354
37 156

Estimated living cost  is ₴11816 per week

₴7975
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2498
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53423
₴53229
₴55007
₴54923
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 836
pensions
-
-
-
858
health
-
-
-
622
total
-
-
-
31 316
Employee
1 792
-
86 535
-
health
90
-
215
-
income
347
-
29 790
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
616
-
30 434
-
Employer
1 792
-
86 535
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
408
-
total
403
-
966
-
Corporate
85 305
87 500
-
-
income
18 767
19 250
-
-
total
18 767
19 250
-
-
Dividends
66 538
68 250
-
-
withholding
13 308
13 650
-
-
total
13 308
13 650
-
-
Income
87 500
87 500
87 500
87 500
Total tax
33 094
32 900
31 400
31 316
After tax
54 406
54 600
56 100
56 184
Living cost
1 177
1 177
1 177
1 177
Free-cash
53 229
53 423
54 923
55 007

Estimated living cost  is ₴1177 per week

₴699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55789
₴53675
₴47989
₴47989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 080
pensions
-
-
-
8 255
unemployment
-
-
-
476
health
-
-
-
3 270
total
-
-
-
32 081
Employee

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

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

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

11 204
-
81 816
-
health
577
-
1 635
-
income
1 544
-
20 080
-
pensions
1 569
-
4 445
-
unemployment
84
-
238
-
total
3 774
-
26 398
-
Employer

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

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

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

11 204
-
81 816
-
unemployment
84
-
238
-
pensions
1 344
-
3 810
-
health
577
-
1 635
-
total
2 005
-
5 683
-
Corporate
74 290
87 500
-
-
income
11 144
13 125
-
-
total
11 144
13 125
-
-
Dividends
63 147
74 375
-
-
withholding
9 472
11 156
-
-
total
9 472
11 156
-
-
Income
87 500
87 500
87 500
87 500
Total tax
26 395
24 281
32 081
32 081
After tax
61 105
63 219
55 419
55 419
Living cost
7 430
7 430
7 430
7 430
Free-cash
53 675
55 789
47 989
47 989

Estimated living cost  is ₴7430 per week

₴5003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴575
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.
₴1638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38186
₴38032
₴34518
₴27883
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 991
surtax
-
-
-
-
social contributions

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

-
-
-
30 407
total
-
-
-
41 398
Employee
16 677
-
70 707
-
social contributions
1 835
-
7 778
-
surtax
-
-
-
-
income
3 258
-
23 462
-
total
5 093
-
31 240
-
Employer
16 677
-
70 707
-
social contributions
3 960
-
16 793
-
total
3 960
-
16 793
-
Corporate
66 863
87 500
-
-
surtax
-
-
-
-
income
14 041
18 375
-
-
total
14 041
18 375
-
-
Dividends
52 822
69 125
-
-
withholding
14 790
19 355
-
-
total
14 790
19 355
-
-
Income
87 500
87 500
87 500
87 500
Total tax
37 884
37 730
48 033
41 398
After tax
49 616
49 770
39 467
46 102
Living cost
11 584
11 584
11 584
11 584
Free-cash
38 032
38 186
27 883
34 518

Estimated living cost  is ₴11584 per week

₴8204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴805
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.
₴2370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43081
₴40270
₴33871
₴32069
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
359
income
-
-
-
26 580
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
38 528
Employee
20 751
-
74 804
-
other
20
-
40
-
income
4 334
-
25 105
-
pensions
975
-
1 872
-
unemployment
321
-
617
-
total
5 650
-
27 634
-
Employer
20 751
-
74 804
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 142
-
2 190
-
pensions
4 897
-
9 399
-
total
6 616
-
12 696
-
Corporate
60 133
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.

9 020
13 125
-
-
total
9 020
13 125
-
-
Dividends
51 113
74 375
-
-
withholding
10 843
16 193
-
-
total
10 843
16 193
-
-
Income
87 500
87 500
87 500
87 500
Total tax
32 129
29 318
40 330
38 528
After tax
55 371
58 182
47 170
48 972
Living cost
15 101
15 101
15 101
15 101
Free-cash
40 270
43 081
32 069
33 871

Estimated living cost  is ₴15101 per week

₴10845
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67423
₴64803
₴62978
₴66538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
17 132
Employee
9 786
-
84 556
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
income
979
-
8 455
-
pensions

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

859
-
1 318
-
total
2 396
-
10 628
-
Employer
9 786
-
84 556
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 654
-
health
675
-
1 035
-
total
1 920
-
2 944
-
Corporate
75 794
87 500
-
-
income
7 580
8 750
-
-
total
7 580
8 750
-
-
Dividends
68 215
78 750
-
-
withholding
3 411
3 937
-
-
total
3 411
3 937
-
-
Income
87 500
87 500
87 500
87 500
Total tax
15 307
12 687
13 572
17 132
After tax
72 193
74 813
73 928
70 368
Living cost
7 390
7 390
7 390
7 390
Free-cash
64 803
67 423
66 538
62 978

Estimated living cost  is ₴7390 per week

₴4888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1903
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28424
₴34045
₴28370
₴38059
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
9 689
income

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

-
-
-
28 357
health

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

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

-
-
-
2 935
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.

-
-
-
1 560
total
-
-
-
42 541
Employee

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

21 379
-
87 500
-
health

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

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

2 935
-
2 935
-
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.

97
-
1 560
-
income

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

1 758
-
28 357
-
total
4 790
-
32 852
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
66 121
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.

545
722
-
-
income
9 918
13 125
-
-
trade
9 489
12 556
-
-
chamber of commerce
162
193
-
-
total
20 114
26 596
-
-
Dividends
46 006
60 904
-
-
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.

624
828
-
-
withholding
11 338
15 063
-
-
total
11 962
15 891
-
-
Income
87 500
87 500
87 500
87 500
Total tax
36 866
42 487
32 852
42 541
After tax
50 634
45 013
54 648
44 959
Living cost
16 589
16 589
16 589
16 589
Free-cash
34 045
28 424
38 059
28 370

Estimated living cost  is ₴16589 per week

₴11443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1785
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.
₴3120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36774
₴37723
₴20254
₴20254
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 898
social contributions
-
-
-
14 872
total
-
-
-
42 770
Employee
33 610
-
87 500
-
income
6 342
-
27 898
-
social contributions
2 792
-
14 872
-
total
9 134
-
42 770
-
Employer
33 610
-
87 500
-
total
-
-
-
-
Corporate
53 890
87 500
-
-
income
6 736
10 938
-
-
total
6 736
10 938
-
-
Dividends
47 154
76 562
-
-
withholding
9 431
15 312
-
-
total
9 431
15 312
-
-
Income
87 500
87 500
87 500
87 500
Total tax
25 301
26 250
42 770
42 770
After tax
62 199
61 250
44 730
44 730
Living cost
24 476
24 476
24 476
24 476
Free-cash
37 723
36 774
20 254
20 254

Estimated living cost  is ₴24476 per week

₴18621
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39008
₴40509
₴55899
₴45897
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
87 500
income
-
-
-
13 125
health

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

-
-
-
2 879
total
-
-
-
16 004
Employee
19 711
-
85 524
-
income
2 139
-
22 054
-
social contributions
1 975
-
1 976
-
total
4 114
-
24 030
-
Employer
19 711
-
85 524
-
social contributions
1 975
-
1 976
-
total
1 975
-
1 976
-
Corporate
65 814
87 500
-
-
income
23 035
30 625
-
-
total
23 035
30 625
-
-
Dividends
42 780
56 875
-
-
social contributions
2 270
2 270
-
-
total
2 270
2 270
-
-
Income
87 500
87 500
87 500
87 500
Total tax
31 394
32 895
26 006
16 004
After tax
56 106
54 605
61 494
71 496
Living cost
15 597
15 597
15 597
15 597
Free-cash
40 509
39 008
45 897
55 899

Estimated living cost  is ₴15597 per week

₴10274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1230
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.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40052
₴42593
₴41189
₴33334
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 272
pensions
-
-
-
4 099
total
-
-
-
30 371
Employee
21 880
-
76 326
-
health
285
-
1 061
-
income
3 984
-
21 036
-
pensions
1 670
-
4 955
-
total
5 939
-
27 052
-
Employer
21 880
-
76 326
-
pensions
2 211
-
9 724
-
health
416
-
1 450
-
total
2 627
-
11 174
-
Corporate
62 994
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.

11 969
16 625
-
-
total
11 969
16 625
-
-
Dividends
51 025
70 875
-
-
withholding
8 432
14 883
-
-
total
8 432
14 883
-
-
Income
87 500
87 500
87 500
87 500
Total tax
28 967
31 508
38 226
30 371
After tax
58 533
55 992
49 274
57 129
Living cost
15 940
15 940
15 940
15 940
Free-cash
42 593
40 052
33 334
41 189

Estimated living cost  is ₴15940 per week

₴10935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴199
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3339
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴3122
₴5524
₴49562
₴37740
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
24 743
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
27 728
Employee
16 061
-
79 502
-
health
1 839
-
9 103
-
income
2 203
-
19 179
-
pensions
1 808
-
3 270
-
total
5 850
-
31 552
-
Employer
16 061
-
79 502
-
accident
268
-
1 328
-
unemployment
393
-
1 948
-
pensions
2 611
-
4 722
-
total
3 272
-
7 998
-
Corporate
68 166
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.

61 349
78 750
-
-
total
61 349
78 750
-
-
Dividends
6 817
8 750
-
-
withholding
1 295
1 662
-
-
total
1 295
1 662
-
-
Income
87 500
87 500
87 500
87 500
Total tax
71 766
80 412
39 550
27 728
After tax
15 734
7 088
47 950
59 772
Living cost
10 210
10 210
10 210
10 210
Free-cash
5 524
-3 122
37 740
49 562

Estimated living cost  is ₴10210 per week

₴7493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴595
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.
₴1916
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61134
₴65820
₴48198
₴57645
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
344
health insurance
-
-
-
5 084
income
-
-
-
14 605
pensions
-
-
-
12 642
unemployment
-
-
-
824
total
-
-
-
33 499
Employee

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

9 285
-
87 500
-
work injury
46
-
172
-
income
928
-
14 605
-
pensions
1 708
-
6 321
-
health insurance
687
-
2 542
-
unemployment
111
-
412
-
total
3 480
-
24 052
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
78 215
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%.

782
8 750
-
-
total
782
8 750
-
-
Dividends
77 433
78 750
-
-
withholding
11 615
11 813
-
-
total
11 615
11 813
-
-
Income
87 500
87 500
87 500
87 500
Total tax
15 877
20 563
24 052
33 499
After tax
71 623
66 937
63 448
54 001
Living cost
5 803
5 803
5 803
5 803
Free-cash
65 820
61 134
57 645
48 198

Estimated living cost  is ₴5803 per week

₴3595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28972
₴27016
₴23421
₴19852
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
594
regional
-
-
-
2 054
national
-
-
-
22 809
social contributions
-
-
-
21 505
total
-
-
-
46 962
Employee
36 207
-
87 500
-
social contributions
12 209
-
28 194
-
regional
547
-
1 833
-
municipal
216
-
534
-
national
6 119
-
19 970
-
total
19 091
-
50 531
-
Employer
36 207
-
87 500
-
total
-
-
-
-
Corporate
51 293
87 500
-
-
nationa
12 311
21 000
-
-
municipal
2 472
4 217
-
-
total
14 783
25 217
-
-
Dividends
36 510
62 283
-
-
withholding
9 493
16 194
-
-
total
9 493
16 194
-
-
Income
87 500
87 500
87 500
87 500
Total tax
43 367
41 411
50 531
46 962
After tax
44 133
46 089
36 969
40 538
Living cost
17 117
17 117
17 117
17 117
Free-cash
27 016
28 972
19 852
23 421

Estimated living cost  is ₴17117 per week

₴12024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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