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
₴ 88500
per

Your estimated
City
free-cash

Dresden , Germany
₴40636
₴28777
₴30533
₴34571
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 500
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.

-
-
-
1 482
income

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

-
-
-
26 940
trade
-
-
-
10 103
health

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

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

-
-
-
3 578
total
-
-
-
42 103
Employee

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

20 033
-
88 500
-
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.

31
-
1 482
-
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.

560
-
26 940
-
health

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

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

3 578
-
3 578
-
total
4 169
-
32 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 467
88 500
-
-
trade
10 783
13 939
-
-
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.

565
731
-
-
income
10 270
13 275
-
-
chamber of commerce
178
207
-
-
total
21 796
28 152
-
-
Dividends
46 671
60 349
-
-
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.

631
819
-
-
withholding
11 469
14 888
-
-
total
12 100
15 707
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 065
43 859
32 000
42 103
After tax
50 435
44 641
56 500
46 397
Living cost
15 864
15 864
15 864
15 864
Free-cash
34 571
28 777
40 636
30 533

Estimated living cost  is ₴15864 per week

₴9979
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1850
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3739
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25120
₴27284
₴24426
₴26818
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
10 620
municipal
-
-
-
9 634
national
-
-
-
14 929
social contributions
-
-
-
951
total
-
-
-
36 134
Employee
43 313
-
76 507
-
national
8 290
-
15 460
-
municipal
5 350
-
9 977
-
pensions
1 733
-
3 060
-
total
15 373
-
28 497
-
Employer
43 313
-
76 507
-
pensions
3 465
-
6 121
-
social contributions
466
-
822
-
total
3 931
-
6 943
-
Corporate
38 398
88 500
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

7 680
17 700
-
-
total
7 680
17 700
-
-
Dividends
30 718
70 800
-
-
withholding
6 758
15 576
-
-
total
6 758
15 576
-
-
Income
88 500
88 500
88 500
88 500
Total tax
33 742
33 276
35 440
36 134
After tax
54 758
55 224
53 060
52 366
Living cost
27 940
27 940
27 940
27 940
Free-cash
26 818
27 284
25 120
24 426

Estimated living cost  is ₴27940 per week

₴18991
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2597
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴418
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5934
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25777
₴59903
₴19320
₴55607
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 500
microenterprise
-
-
-
-
surtax
-
-
-
22 567
income
-
-
-
15 648
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.

-
-
-
20 068
total
-
-
-
58 283
Employee
15 305
-
66 183
-
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.

1 684
-
6 866
-
surtax
-
-
9 597
-
income
2 724
-
13 046
-
total
4 408
-
29 509
-
Employer
15 305
-
66 183
-
surtax
-
-
7 280
-
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.

3 687
-
15 037
-
total
3 687
-
22 317
-
Corporate
69 509
88 500
-
-
income

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

13 901
17 700
-
-
total
13 901
17 700
-
-
Dividends

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

55 607
70 800
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
21 996
17 700
51 826
58 283
After tax
66 504
70 800
36 674
30 217
Living cost
10 897
10 897
10 897
10 897
Free-cash
55 607
59 903
25 777
19 320

Estimated living cost  is ₴10897 per week

₴6952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1038
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.
₴2660
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32943
₴21819
₴27180
₴18611
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
6 137
income
-
-
-
26 783
health
-
-
-
6 459
total
-
-
-
39 379
Employee
44 727
44 727
78 766
-
pensions
8 051
6 137
6 137
-
income

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

7 321
7 321
11 287
-
health
6 865
5 839
6 459
-
total
22 237
19 297
23 883
-
Employer
44 727
44 727
78 766
-
pensions
3 113
3 113
3 869
-
health
3 109
3 109
3 863
-
unemployment
1 610
1 610
2 001
-
total
7 832
7 832
9 733
-
Corporate
36 489
35 940
-
-
income
7 298
7 188
-
-
total
7 298
7 188
-
-
Dividends
29 191
28 752
-
-
withholding
4 378
4 313
-
-
income
6 203
6 110
-
-
total
10 581
10 423
-
-
Income
88 500
88 500
88 500
88 500
Total tax
47 948
44 740
33 616
39 379
After tax
40 552
43 760
54 884
49 121
Living cost
21 941
21 941
21 941
21 941
Free-cash
18 611
21 819
32 943
27 180

Estimated living cost  is ₴21941 per week

₴15549
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴349
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23906
₴26936
₴24424
₴26456
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
5 066
accident
-
-
-
94
unemployment
-
-
-
47
other
-
-
-
5 446
municipal
-
-
-
22 342
national
-
-
-
6 772
health
-
-
-
2 924
total
-
-
-
42 691
Employee
30 471
-
73 774
-
national
-
-
6 485
-
municipal
9 087
-
21 999
-
total
9 087
-
28 484
-
Employer
30 471
-
73 774
-
pensions
3 294
-
5 066
-
other
3 541
-
5 446
-
health
1 874
-
2 882
-
unemployment
804
-
1 237
-
accident
61
-
94
-
total
9 574
-
14 725
-
Corporate
48 455
88 500
-
-
income
10 660
19 470
-
-
total
10 660
19 470
-
-
Dividends
37 795
69 030
-
-
withholding
11 338
20 709
-
-
total
11 338
20 709
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 659
40 179
43 209
42 691
After tax
47 841
48 321
45 291
45 809
Living cost
21 385
21 385
21 385
21 385
Free-cash
26 456
26 936
23 906
24 424

Estimated living cost  is ₴21385 per week

₴14173
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2098
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35924
₴23611
₴25371
₴30970
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 500
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.

-
-
-
1 482
income

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

-
-
-
26 940
trade
-
-
-
10 553
health

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

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

-
-
-
3 578
total
-
-
-
42 553
Employee

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

26 561
-
88 500
-
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.

125
-
1 482
-
income

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

2 282
-
26 940
-
health

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

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

3 578
-
3 578
-
total
5 985
-
32 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
61 939
88 500
-
-
trade
10 189
14 558
-
-
surtax

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

511
731
-
-
income
9 290
13 275
-
-
chamber of commerce
168
206
-
-
total
20 158
28 770
-
-
Dividends
41 781
59 730
-
-
surtax

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

564
810
-
-
withholding
10 247
14 733
-
-
total
10 811
15 543
-
-
Income
88 500
88 500
88 500
88 500
Total tax
36 954
44 313
32 000
42 553
After tax
51 546
44 187
56 500
45 947
Living cost
20 576
20 576
20 576
20 576
Free-cash
30 970
23 611
35 924
25 371

Estimated living cost  is ₴20576 per week

₴13761
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4338
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42901
₴47586
₴43690
₴45415
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
17 091
health
-
-
-
2 257
social contributions
-
-
-
8 474
total
-
-
-
27 822
Employee
40 275
40 275
82 466
-
social contributions
1 957
3 343
4 509
-
income
4 229
3 728
16 666
-
health
401
685
1 401
-
total
6 587
7 756
22 576
-
Employer
40 275
40 275
82 466
-
social contributions
1 957
3 343
4 509
-
health
436
745
1 526
-
total
2 393
4 088
6 035
-
Corporate
62 531
44 137
-
-
income
7 816
5 517
-
-
total
7 816
5 517
-
-
Dividends
54 715
38 619
-
-
withholding
9 301
6 565
-
-
total
9 301
6 565
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 097
23 926
28 611
27 822
After tax
62 403
64 574
59 889
60 678
Living cost
16 988
16 988
16 988
16 988
Free-cash
45 415
47 586
42 901
43 690

Estimated living cost  is ₴16988 per week

₴11613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1327
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.
₴3763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40978
₴39413
₴50982
₴39627
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
8 850
unemployment
-
-
-
1 328
income
-
-
-
10 819
health
-
-
-
6 195
total
-
-
-
27 192
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.

14 906
5 933
74 059
-
unemployment
224
89
1 111
-
pensions
1 491
593
7 406
-
income
1 822
725
9 054
-
health
1 043
415
5 184
-
total
4 580
1 822
22 755
-
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.

14 906
5 933
74 059
-
pensions
2 907
1 157
14 441
-
total
2 907
1 157
14 441
-
Corporate
70 687
81 411
-
-
income
6 362
7 327
-
-
total
6 362
7 327
-
-
Dividends
64 325
74 084
-
-
withholding
12 222
14 076
-
-
social contributions
12 476
14 379
-
-
total
24 698
28 455
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 547
38 761
37 196
27 192
After tax
49 953
49 739
51 304
61 308
Living cost
10 326
10 326
10 326
10 326
Free-cash
39 627
39 413
40 978
50 982

Estimated living cost  is ₴10326 per week

₴7047
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴845
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.
₴2228
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38359
₴58149
₴34785
₴54896
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
17 700
income
-
-
-
11 859
health
-
-
-
11 505
total
-
-
-
41 064
Employee
14 858
-
66 143
-
unemployment
238
-
1 059
-
pensions
297
-
1 323
-
income
1 673
-
12 752
-
total
2 208
-
15 134
-
Employer
14 858
-
66 143
-
pensions
2 972
-
13 228
-
health
1 931
-
8 599
-
unemployment
119
-
529
-
total
5 022
-
22 356
-
Corporate
68 619
88 500
-
-
income
13 723
17 700
-
-
total
13 723
17 700
-
-
Dividends
54 896
70 800
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
20 953
17 700
37 490
41 064
After tax
67 547
70 800
51 010
47 436
Living cost
12 651
12 651
12 651
12 651
Free-cash
54 896
58 149
38 359
34 785

Estimated living cost  is ₴12651 per week

₴8677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴753
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2966
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36418
-₴4352
₴48992
₴5401
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
2 179
accident
-
-
-
132
other
-
-
-
194
income
-
-
-
24 340
health
-
-
-
1 142
total
-
-
-
27 987
Employee
18 123
-
79 457
-
pensions
2 041
-
3 995
-
income
2 486
-
18 424
-
health
2 075
-
9 098
-
total
6 602
-
31 517
-
Employer
18 123
-
79 457
-
pensions
2 947
-
5 770
-
unemployment
444
-
1 947
-
accident
303
-
1 327
-
total
3 694
-
9 044
-
Corporate
66 683
88 500
-
-
income

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

60 015
79 650
-
-
total
60 015
79 650
-
-
Dividends
6 668
8 850
-
-
withholding
1 267
1 681
-
-
total
1 267
1 681
-
-
Income
88 500
88 500
88 500
88 500
Total tax
71 578
81 331
40 561
27 987
After tax
16 922
7 169
47 939
60 513
Living cost
11 521
11 521
11 521
11 521
Free-cash
5 401
-4 352
36 418
48 992

Estimated living cost  is ₴11521 per week

₴8444
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.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2199
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66321
₴79596
₴83136
₴78756
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
88 500
microenterprise

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

-
-
-
885
total
-
-
-
885
Employee
5 599
-
88 500
-
income
1 120
-
17 700
-
total
1 120
-
17 700
-
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%.

82 901
88 500
-
-
total
-
-
-
-
Dividends
82 901
88 500
-
-
withholding
4 145
4 425
-
-
total
4 145
4 425
-
-
Income
88 500
88 500
88 500
88 500
Total tax
5 265
4 425
17 700
885
After tax
83 235
84 075
70 800
87 615
Living cost
4 479
4 479
4 479
4 479
Free-cash
78 756
79 596
66 321
83 136

Estimated living cost  is ₴4479 per week

₴2776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴123
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1208
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36292
₴51065
₴34832
₴47529
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
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.

-
-
-
19 116
other
-
-
-
3 783
income
-
-
-
13 308
health
-
-
-
3 505
total
-
-
-
39 712
Employee
19 017
-
70 686
-
unemployment
190
-
707
-
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.

1 331
-
4 948
-
income
3 274
-
13 794
-
health
266
-
990
-
total
5 061
-
20 439
-
Employer
19 017
-
70 686
-
pensions

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

3 233
-
12 016
-
other
951
-
3 534
-
health
266
-
990
-
unemployment
190
-
707
-
accident
152
-
566
-
total
4 792
-
17 813
-
Corporate
64 690
88 500
-
-
income
13 585
18 585
-
-
total
13 585
18 585
-
-
Dividends
51 105
69 915
-
-
withholding
3 577
4 894
-
-
total
3 577
4 894
-
-
Income
88 500
88 500
88 500
88 500
Total tax
27 015
23 479
38 252
39 712
After tax
61 485
65 021
50 248
48 788
Living cost
13 956
13 956
13 956
13 956
Free-cash
47 529
51 065
36 292
34 832

Estimated living cost  is ₴13956 per week

₴9861
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴942
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.
₴2928
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15691
₴23116
₴23726
₴23764
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
4 659
income
-
-
-
24 819
total
-
-
-
29 478
Employee
49 938
-
77 351
-
pensions
4 818
-
5 763
-
income
9 002
-
19 462
-
health
823
-
1 139
-
total
14 643
-
26 364
-
Employer
49 938
-
77 351
-
pensions
5 896
-
9 680
-
health
948
-
1 469
-
total
6 844
-
11 149
-
Corporate
31 717
88 500
-
-
income

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

6 026
16 815
-
-
total
6 026
16 815
-
-
Dividends
25 691
71 685
-
-
withholding
1 927
13 273
-
-
total
1 927
13 273
-
-
Income
88 500
88 500
88 500
88 500
Total tax
29 440
30 088
37 513
29 478
After tax
59 060
58 412
50 987
59 022
Living cost
35 296
35 296
35 296
35 296
Free-cash
23 764
23 116
15 691
23 726

Estimated living cost  is ₴35296 per week

₴26448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4147
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4414
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴66945
₴68823
₴63511
₴66396
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions

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

-
-
-
2 699
unemployment
-
-
-
73
income
-
-
-
13 275
health
-
-
-
2 097
total
-
-
-
18 144
Employee
9 063
-
84 922
-
pensions

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

796
-
1 601
-
income
906
-
8 492
-
accident

We are using the highest rate at 1.1%.

100
-
201
-
health
417
-
839
-
total
2 219
-
11 133
-
Employer
9 063
-
84 922
-
pensions

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

999
-
2 009
-
health
626
-
1 258
-
unemployment
54
-
109
-
accident

We are using the highest rate at 1.1%.

100
-
201
-
total
1 779
-
3 577
-
Corporate
77 658
88 500
-
-
income
7 766
8 850
-
-
total
7 766
8 850
-
-
Dividends
69 893
79 650
-
-
withholding
3 495
3 982
-
-
total
3 495
3 982
-
-
Income
88 500
88 500
88 500
88 500
Total tax
15 259
12 832
14 710
18 144
After tax
73 241
75 668
73 790
70 356
Living cost
6 845
6 845
6 845
6 845
Free-cash
66 396
68 823
66 945
63 511

Estimated living cost  is ₴6845 per week

₴3996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
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.
₴2179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25840
₴14716
₴20077
₴16034
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
6 137
income
-
-
-
26 783
health
-
-
-
6 459
total
-
-
-
39 379
Employee
48 560
44 727
78 766
-
pensions
6 137
6 137
6 137
-
income

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

7 321
7 321
11 287
-
health
6 058
5 839
6 459
-
total
19 516
19 297
23 883
-
Employer
48 560
44 727
78 766
-
pensions
3 379
3 113
3 869
-
health
3 374
3 109
3 863
-
unemployment
1 748
1 610
2 001
-
total
8 501
7 832
9 733
-
Corporate
31 438
35 940
-
-
income
6 288
7 188
-
-
total
6 288
7 188
-
-
Dividends
25 150
28 752
-
-
withholding
3 773
4 313
-
-
income
5 344
6 110
-
-
total
9 117
10 423
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 422
44 740
33 616
39 379
After tax
45 078
43 760
54 884
49 121
Living cost
29 044
29 044
29 044
29 044
Free-cash
16 034
14 716
25 840
20 077

Estimated living cost  is ₴29044 per week

₴21424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2594
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32182
₴47850
₴35987
₴43184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
solidarity contribution
-
-
-
-
income
-
-
-
8 659
health
-
-
-
11 948
social contributions
-
-
-
18 824
total
-
-
-
39 431
Employee
19 238
-
66 407
-
social contributions
1 250
-
4 190
-
solidarity contribution
-
-
-
-
income
2 309
-
7 988
-
health
2 597
-
8 965
-
total
6 156
-
21 143
-
Employer
19 238
-
66 407
-
social contributions
4 809
-
16 116
-
health
1 731
-
5 977
-
total
6 540
-
22 093
-
Corporate
62 722
88 500
-
-
income
11 917
16 815
-
-
total
11 917
16 815
-
-
Dividends
50 804
71 685
-
-
withholding
7 621
10 753
-
-
total
7 621
10 753
-
-
Income
88 500
88 500
88 500
88 500
Total tax
32 234
27 568
43 236
39 431
After tax
56 266
60 932
45 264
49 069
Living cost
13 082
13 082
13 082
13 082
Free-cash
43 184
47 850
32 182
35 987

Estimated living cost  is ₴13082 per week

₴9087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴931
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16418
₴25117
₴20415
₴22383
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
regional
-
-
-
1 041
municipal
-
-
-
526
national
-
-
-
21 655
social contributions
-
-
-
22 762
total
-
-
-
45 984
Employee
46 549
-
88 500
-
national
8 066
-
18 752
-
municipal
246
-
469
-
social contributions
15 696
-
29 842
-
regional
439
-
918
-
total
24 447
-
49 981
-
Employer
46 549
-
88 500
-
total
-
-
-
-
Corporate
41 951
88 500
-
-
nationa
10 069
21 240
-
-
municipal
1 636
3 452
-
-
total
11 705
24 692
-
-
Dividends
30 246
63 808
-
-
withholding
7 864
16 590
-
-
total
7 864
16 590
-
-
Income
88 500
88 500
88 500
88 500
Total tax
44 016
41 282
49 981
45 984
After tax
44 484
47 218
38 519
42 516
Living cost
22 101
22 101
22 101
22 101
Free-cash
22 383
25 117
16 418
20 415

Estimated living cost  is ₴22101 per week

₴15406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1449
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27136
₴44109
₴30372
₴42478
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
13 981
unemployment
-
-
-
119
surtax
-
-
-
3 616
other
-
-
-
-
income
-
-
-
23 891
health
-
-
-
4 963
total
-
-
-
46 570
Employee
17 321
-
73 786
-
unemployment
1 206
-
4 865
-
surtax
57
-
3 022
-
pensions
1 155
-
4 663
-
other
-
-
-
-
income
2 903
-
20 759
-
health
442
-
1 782
-
total
5 763
-
35 091
-
Employer
17 321
-
73 786
-
pensions
2 309
-
9 318
-
other
-
-
-
-
health
788
-
3 181
-
unemployment
549
-
2 216
-
total
3 646
-
14 715
-
Corporate
67 534
88 500
-
-
income
17 559
23 010
-
-
total
17 559
23 010
-
-
Dividends
49 975
65 490
-
-
withholding
7 496
9 823
-
-
total
7 496
9 823
-
-
Income
88 500
88 500
88 500
88 500
Total tax
34 464
32 833
49 806
46 570
After tax
54 036
55 667
38 694
41 930
Living cost
11 558
11 558
11 558
11 558
Free-cash
42 478
44 109
27 136
30 372

Estimated living cost  is ₴11558 per week

₴7067
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1067
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26874
₴34299
₴34909
₴37784
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
4 659
income
-
-
-
24 819
total
-
-
-
29 478
Employee
33 467
-
77 351
-
pensions
2 841
-
5 763
-
income
6 028
-
19 462
-
health
486
-
1 139
-
total
9 355
-
26 364
-
Employer
33 467
-
77 351
-
pensions
3 623
-
9 680
-
health
636
-
1 469
-
total
4 259
-
11 149
-
Corporate
50 774
88 500
-
-
income

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

9 647
16 815
-
-
total
9 647
16 815
-
-
Dividends
41 127
71 685
-
-
withholding
3 342
13 273
-
-
total
3 342
13 273
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 603
30 088
37 513
29 478
After tax
61 897
58 412
50 987
59 022
Living cost
24 113
24 113
24 113
24 113
Free-cash
37 784
34 299
26 874
34 909

Estimated living cost  is ₴24113 per week

₴18065
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1807
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.
₴3988
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴26642
-₴648
₴30873
₴16943
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
8 142
regional
-
-
-
4 200
city
-
-
-
932
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.

-
-
-
1 770
national
-
-
-
1 266
health
-
-
-
200
total
-
-
-
16 510
Employee
48 118
-
79 213
-
national
228
-
1 008
-
unemployment
-
-
-
-
regional
1 576
-
3 636
-
pensions
4 043
-
6 653
-
city
516
-
851
-
health
109
-
178
-
total
6 472
-
12 326
-
Employer
48 118
-
79 213
-
pensions
4 043
-
6 653
-
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.

962
-
1 584
-
health
109
-
178
-
unemployment
-
-
-
-
total
5 114
-
8 415
-
Corporate
34 740
88 500
-
-
national
2 953
7 522
-
-
regional
7 347
18 717
-
-
total
10 300
26 239
-
-
Dividends
24 440
62 260
-
-
withholding
8 554
21 792
-
-
total
8 554
21 792
-
-
Income
88 500
88 500
88 500
88 500
Total tax
30 440
48 031
20 741
16 510
After tax
58 060
40 469
67 759
71 990
Living cost
41 117
41 117
41 117
41 117
Free-cash
16 943
-648
26 642
30 873

Estimated living cost  is ₴41117 per week

₴26738
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3690
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴505
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10185
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴32506
₴19737
₴21505
₴28231
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 500
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.

-
-
-
1 482
income

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

-
-
-
26 940
trade
-
-
-
11 001
health

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

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

-
-
-
3 578
total
-
-
-
43 001
Employee

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

31 477
-
88 500
-
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.

204
-
1 482
-
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.

3 701
-
26 940
-
health

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

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

3 578
-
3 578
-
total
7 483
-
32 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 023
88 500
-
-
trade
9 779
15 178
-
-
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.

470
731
-
-
income
8 554
13 275
-
-
chamber of commerce
160
204
-
-
total
18 963
29 388
-
-
Dividends
38 059
59 113
-
-
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.

513
802
-
-
withholding
9 316
14 579
-
-
total
9 829
15 381
-
-
Income
88 500
88 500
88 500
88 500
Total tax
36 275
44 769
32 000
43 001
After tax
52 225
43 731
56 500
45 499
Living cost
23 994
23 994
23 994
23 994
Free-cash
28 231
19 737
32 506
21 505

Estimated living cost  is ₴23994 per week

₴17524
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1919
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4239
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31127
₴26684
₴32013
₴29778
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
16 140
surtax
-
-
-
-
other
-
-
-
2 743
income
-
-
-
13 537
health
-
-
-
3 625
social contributions
-
-
-
2 522
total
-
-
-
38 567
Employee
22 416
-
68 786
-
social contributions
639
-
1 960
-
surtax
-
-
-
-
pensions
2 535
-
4 662
-
income
1 323
-
13 117
-
total
4 497
-
19 739
-
Employer
22 416
-
68 786
-
pensions
3 683
-
7 869
-
other
773
-
2 631
-
social contributions
68
-
207
-
health
1 569
-
6 221
-
unemployment
907
-
2 786
-
total
7 000
-
19 714
-
Corporate
59 083
88 500
-
-
surtax
-
-
-
-
income
16 543
24 780
-
-
total
16 543
24 780
-
-
Dividends
42 540
63 720
-
-
withholding
5 445
8 156
-
-
surtax
-
-
-
-
social contributions
7 317
10 960
-
-
total
12 762
19 116
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 802
43 896
39 453
38 567
After tax
47 698
44 604
49 047
49 933
Living cost
17 920
17 920
17 920
17 920
Free-cash
29 778
26 684
31 127
32 013

Estimated living cost  is ₴17920 per week

₴11299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1457
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4859
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32903
₴28460
₴33789
₴31370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
16 140
surtax
-
-
-
-
other
-
-
-
2 743
income
-
-
-
13 537
health
-
-
-
3 625
social contributions
-
-
-
2 522
total
-
-
-
38 567
Employee
20 010
-
68 786
-
social contributions
571
-
1 960
-
surtax
-
-
-
-
pensions
2 263
-
4 662
-
income
1 032
-
13 117
-
total
3 866
-
19 739
-
Employer
20 010
-
68 786
-
pensions
3 288
-
7 869
-
other
691
-
2 631
-
social contributions
60
-
207
-
health
1 400
-
6 221
-
unemployment
810
-
2 786
-
total
6 249
-
19 714
-
Corporate
62 241
88 500
-
-
surtax
-
-
-
-
income
17 428
24 780
-
-
total
17 428
24 780
-
-
Dividends
44 813
63 720
-
-
withholding
5 736
8 156
-
-
surtax
-
-
-
-
social contributions
7 707
10 960
-
-
total
13 443
19 116
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 986
43 896
39 453
38 567
After tax
47 514
44 604
49 047
49 933
Living cost
16 144
16 144
16 144
16 144
Free-cash
31 370
28 460
32 903
33 789

Estimated living cost  is ₴16144 per week

₴9363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4836
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44014
₴42888
₴45729
₴43160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
social contributions
-
-
-
12 213
income
-
-
-
13 275
health
-
-
-
6 177
total
-
-
-
31 665
Employee
17 759
-
88 500
-
social contributions
2 451
-
12 213
-
income
2 962
-
14 990
-
health
1 239
-
6 177
-
total
6 652
-
33 380
-
Employer
17 759
-
88 500
-
total
-
-
-
-
Corporate
70 741
88 500
-
-
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%.

3 537
4 425
-
-
total
3 537
4 425
-
-
Dividends
67 204
84 075
-
-
withholding
10 081
12 611
-
-
social contributions
9 274
11 602
-
-
health
4 690
5 868
-
-
total
24 045
30 081
-
-
Income
88 500
88 500
88 500
88 500
Total tax
34 234
34 506
33 380
31 665
After tax
54 266
53 994
55 120
56 835
Living cost
11 106
11 106
11 106
11 106
Free-cash
43 160
42 888
44 014
45 729

Estimated living cost  is ₴11106 per week

₴7433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴685
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5022
₴30549
₴26959
₴29739
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
11 320
unemployment
-
-
-
3 212
surtax
-
-
-
103
chamber of commerce
-
-
-
354
income
-
-
-
23 417
health
-
-
-
4 680
total
-
-
-
43 086
Employee
26 175
20 873
70 134
-
unemployment
785
626
1 836
-
pensions
2 681
2 137
6 266
-
other
261
209
612
-
income
2 980
1 540
18 540
-
health
1 013
808
2 368
-
total
7 720
5 320
29 622
-
Employer
26 175
20 873
70 134
-
surtax
103
103
103
-
pensions
3 285
2 620
7 679
-
chamber of commerce
104
83
280
-
other
1 243
991
3 255
-
health
989
789
2 313
-
payroll
785
626
2 104
-
unemployment
785
626
1 836
-
accident
340
271
795
-
total
7 634
6 109
18 365
-
Corporate
54 689
61 516
68 146
-
income

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

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

13 673
15 379
17 036
-
total
13 673
15 379
17 036
-
Dividends
41 016
46 137
-
-
withholding
11 279
12 688
-
-
total
11 279
12 688
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 306
39 496
65 023
43 086
After tax
48 194
49 004
23 477
45 414
Living cost
18 455
18 455
18 455
18 455
Free-cash
29 739
30 549
5 022
26 959

Estimated living cost  is ₴18455 per week

₴12309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4269
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12271
₴30406
₴19247
₴22550
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
communal

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

-
-
-
4 526
national
-
-
-
32 572
social contributions
-
-
-
13 058
total
-
-
-
50 156
Employee

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

37 465
-
68 546
-
national
11 518
-
24 644
-
communal

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

1 954
-
3 575
-
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.

326
-
596
-
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.

2 810
-
5 141
-
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.

1 760
-
3 221
-
total
18 368
-
37 177
-
Employer

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

37 465
-
68 546
-
surtax
4 248
-
7 773
-
pensions

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

3 320
-
6 073
-
health

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

2 304
-
4 216
-
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.

547
-
1 001
-
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.

487
-
892
-
total
10 906
-
19 955
-
Corporate
40 129
88 500
-
-
surtax
161
354
-
-
income
8 026
17 700
-
-
total
8 187
18 054
-
-
Dividends
31 942
70 446
-
-
withholding

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

9 392
20 943
-
-
total
9 392
20 943
-
-
Income
88 500
88 500
88 500
88 500
Total tax
46 853
38 997
57 132
50 156
After tax
41 647
49 503
31 368
38 344
Living cost
19 097
19 097
19 097
19 097
Free-cash
22 550
30 406
12 271
19 247

Estimated living cost  is ₴19097 per week

₴12301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28595
₴40122
₴30793
₴36457
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
13 738
accident
-
-
-
437
unemployment
-
-
-
340
other
-
-
-
49
income
-
-
-
24 228
total
-
-
-
38 792
Employee
26 072
-
73 023
-
unemployment
405
-
752
-
pensions
1 226
-
2 282
-
other
26
-
49
-
income
5 501
-
22 430
-
total
7 158
-
25 513
-
Employer
26 072
-
73 023
-
pensions
6 153
-
11 457
-
other
208
-
389
-
unemployment
1 434
-
2 670
-
accident
516
-
961
-
total
8 311
-
15 477
-
Corporate
54 118
88 500
-
-
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.

8 118
13 275
-
-
total
8 118
13 275
-
-
Dividends
46 000
75 225
-
-
withholding
9 541
16 188
-
-
total
9 541
16 188
-
-
Income
88 500
88 500
88 500
88 500
Total tax
33 128
29 463
40 990
38 792
After tax
55 372
59 037
47 510
49 708
Living cost
18 915
18 915
18 915
18 915
Free-cash
36 457
40 122
28 595
30 793

Estimated living cost  is ₴18915 per week

₴13929
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1342
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3371
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19241
₴23544
₴15713
₴17021
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
13 265
accident
-
-
-
746
surtax
-
-
-
4 387
communal
-
-
-
5 593
income
-
-
-
14 114
health
-
-
-
6 218
total
-
-
-
44 323
Employee
39 664
-
79 053
-
surtax
2 431
-
4 844
-
pensions
3 173
-
6 324
-
income
3 831
-
16 662
-
health
1 765
-
3 518
-
total
11 200
-
31 348
-
Employer
39 664
-
79 053
-
pensions
3 173
-
6 324
-
health
1 210
-
2 411
-
accident
357
-
712
-
total
4 740
-
9 447
-
Corporate
44 097
88 500
-
-
surtax
463
929
-
-
income
6 615
13 275
-
-
communal
2 977
5 974
-
-
total
10 055
20 178
-
-
Dividends
34 042
68 322
-
-
withholding
5 106
10 249
-
-
income
11 914
6 065
-
-
total
17 020
16 314
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 015
36 492
40 795
44 323
After tax
45 485
52 008
47 705
44 177
Living cost
28 464
28 464
28 464
28 464
Free-cash
17 021
23 544
19 241
15 713

Estimated living cost  is ₴28464 per week

₴21352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1724
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26930
₴43903
₴30166
₴42234
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
13 981
unemployment
-
-
-
119
surtax
-
-
-
3 616
other
-
-
-
-
income
-
-
-
23 891
health
-
-
-
4 963
total
-
-
-
46 570
Employee
17 639
-
73 786
-
unemployment
1 228
-
4 865
-
surtax
63
-
3 022
-
pensions
1 177
-
4 663
-
other
-
-
-
-
income
2 957
-
20 759
-
health
450
-
1 782
-
total
5 875
-
35 091
-
Employer
17 639
-
73 786
-
pensions
2 352
-
9 318
-
other
-
-
-
-
health
802
-
3 181
-
unemployment
560
-
2 216
-
total
3 714
-
14 715
-
Corporate
67 148
88 500
-
-
income
17 459
23 010
-
-
total
17 459
23 010
-
-
Dividends
49 689
65 490
-
-
withholding
7 454
9 823
-
-
total
7 454
9 823
-
-
Income
88 500
88 500
88 500
88 500
Total tax
34 502
32 833
49 806
46 570
After tax
53 998
55 667
38 694
41 930
Living cost
11 764
11 764
11 764
11 764
Free-cash
42 234
43 903
26 930
30 166

Estimated living cost  is ₴11764 per week

₴7103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1023
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.
₴3366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24137
₴32409
₴28114
₴31247
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
regional
-
-
-
1 334
municipal
-
-
-
526
national
-
-
-
21 655
social contributions
-
-
-
22 762
total
-
-
-
46 277
Employee
29 054
-
88 500
-
national
4 603
-
18 752
-
municipal
154
-
469
-
social contributions
9 797
-
29 842
-
regional
391
-
1 191
-
total
14 945
-
50 254
-
Employer
29 054
-
88 500
-
total
-
-
-
-
Corporate
59 446
88 500
-
-
nationa
14 267
21 240
-
-
municipal
2 954
4 398
-
-
total
17 221
25 638
-
-
Dividends
42 225
62 862
-
-
withholding
10 978
16 344
-
-
total
10 978
16 344
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 144
41 982
50 254
46 277
After tax
45 356
46 518
38 246
42 223
Living cost
14 109
14 109
14 109
14 109
Free-cash
31 247
32 409
24 137
28 114

Estimated living cost  is ₴14109 per week

₴8775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1429
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3664
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29144
₴44812
₴32949
₴39062
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
solidarity contribution
-
-
-
-
income
-
-
-
8 659
health
-
-
-
11 948
social contributions
-
-
-
18 824
total
-
-
-
39 431
Employee
23 706
-
66 407
-
social contributions
1 541
-
4 190
-
solidarity contribution
-
-
-
-
income
2 845
-
7 988
-
health
3 200
-
8 965
-
total
7 586
-
21 143
-
Employer
23 706
-
66 407
-
social contributions
5 926
-
16 116
-
health
2 134
-
5 977
-
total
8 060
-
22 093
-
Corporate
56 734
88 500
-
-
income
10 779
16 815
-
-
total
10 779
16 815
-
-
Dividends
45 955
71 685
-
-
withholding
6 893
10 753
-
-
total
6 893
10 753
-
-
Income
88 500
88 500
88 500
88 500
Total tax
33 318
27 568
43 236
39 431
After tax
55 182
60 932
45 264
49 069
Living cost
16 120
16 120
16 120
16 120
Free-cash
39 062
44 812
29 144
32 949

Estimated living cost  is ₴16120 per week

₴11988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴893
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴6798
₴32350
₴28807
₴32089
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
11 320
unemployment
-
-
-
3 212
surtax
-
-
-
-
chamber of commerce
-
-
-
354
income
-
-
-
23 417
health
-
-
-
4 680
total
-
-
-
42 983
Employee
22 895
20 873
70 229
-
unemployment
687
626
1 836
-
pensions
2 345
2 137
6 266
-
other
229
209
612
-
income
2 040
1 540
18 580
-
health
886
808
2 368
-
total
6 187
5 320
29 662
-
Employer
22 895
20 873
70 229
-
surtax
-
-
-
-
pensions
2 873
2 620
7 679
-
chamber of commerce
91
83
281
-
other
1 087
991
3 259
-
health
866
789
2 313
-
payroll
687
626
2 107
-
unemployment
687
626
1 836
-
accident
297
271
795
-
total
6 588
6 006
18 270
-
Corporate
59 016
61 620
68 241
-
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.

14 754
15 405
17 060
-
total
14 754
15 405
17 060
-
Dividends
44 262
46 215
-
-
withholding
12 172
12 709
-
-
total
12 172
12 709
-
-
Income
88 500
88 500
88 500
88 500
Total tax
39 701
39 440
64 992
42 983
After tax
48 799
49 060
23 508
45 517
Living cost
16 710
16 710
16 710
16 710
Free-cash
32 089
32 350
6 798
28 807

Estimated living cost  is ₴16710 per week

₴10024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1707
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4681
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63820
₴77095
₴80635
₴75786
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
88 500
microenterprise

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

-
-
-
885
total
-
-
-
885
Employee
8 726
-
88 500
-
income
1 745
-
17 700
-
total
1 745
-
17 700
-
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%.

79 774
88 500
-
-
total
-
-
-
-
Dividends
79 774
88 500
-
-
withholding
3 989
4 425
-
-
total
3 989
4 425
-
-
Income
88 500
88 500
88 500
88 500
Total tax
5 734
4 425
17 700
885
After tax
82 766
84 075
70 800
87 615
Living cost
6 980
6 980
6 980
6 980
Free-cash
75 786
77 095
63 820
80 635

Estimated living cost  is ₴6980 per week

₴4724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴293
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.
₴1729
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27021
₴46884
₴29365
₴42501
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 500
pensions
-
-
-
16 163
unemployment
-
-
-
133
income
-
-
-
20 081
health
-
-
-
8 709
total
-
-
-
45 086
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.

23 161
-
76 578
-
unemployment
33
-
107
-
pensions
3 590
-
11 870
-
income
3 994
-
18 583
-
health
1 496
-
4 947
-
total
9 113
-
35 507
-
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.

23 161
-
76 578
-
pensions
2 050
-
6 777
-
health
1 543
-
5 100
-
unemployment
14
-
46
-
total
3 607
-
11 923
-
Corporate
61 733
88 500
-
-
income
11 730
16 815
-
-
total
11 730
16 815
-
-
Dividends
50 003
71 685
-
-
withholding
7 500
10 752
-
-
total
7 500
10 752
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 950
27 567
47 430
45 086
After tax
56 550
60 933
41 070
43 414
Living cost
14 049
14 049
14 049
14 049
Free-cash
42 501
46 884
27 021
29 365

Estimated living cost  is ₴14049 per week

₴9641
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3235
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56848
₴29586
₴36904
₴2845
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
17 250
social contributions
-
-
-
10 089
total
-
-
-
27 339
Employee
34 781
-
-
-
social contributions
2 852
-
406
-
income
7 672
-
-
-
total
10 524
-
406
-
Employer
34 781
-
-
-
social contributions
49 042
-
6 989
-
total
49 042
-
6 989
-
Corporate
4 677
88 500
-
-
income
1 029
19 470
-
-
total
1 029
19 470
-
-
Dividends
3 648
69 030
-
-
income
803
15 187
-
-
total
803
15 187
-
-
Income
88 500
88 500
88 500
88 500
Total tax
61 398
34 657
7 395
27 339
After tax
27 102
53 843
81 105
61 161
Living cost
24 257
24 257
24 257
24 257
Free-cash
2 845
29 586
56 848
36 904

Estimated living cost  is ₴24257 per week

₴15739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2281
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5928
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24498
₴33909
₴31127
₴33382
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 500
surtax
-
-
-
-
income
-
-
-
10 190
social contributions

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

-
-
-
30 754
total
-
-
-
40 944
Employee
24 089
-
71 515
-
social contributions
2 650
-
7 867
-
surtax
-
-
-
-
income
5 011
-
22 721
-
total
7 661
-
30 588
-
Employer
24 089
-
71 515
-
social contributions
5 721
-
16 985
-
total
5 721
-
16 985
-
Corporate
58 690
88 500
-
-
surtax
-
-
-
-
income
12 325
18 585
-
-
total
12 325
18 585
-
-
Dividends
46 365
69 915
-
-
withholding
12 982
19 577
-
-
total
12 982
19 577
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 689
38 162
47 573
40 944
After tax
49 811
50 338
40 927
47 556
Living cost
16 429
16 429
16 429
16 429
Free-cash
33 382
33 909
24 498
31 127

Estimated living cost  is ₴16429 per week

₴12292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴969
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23750
₴19307
₴24636
₴22909
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
16 140
surtax
-
-
-
-
other
-
-
-
2 743
income
-
-
-
13 537
health
-
-
-
3 625
social contributions
-
-
-
2 522
total
-
-
-
38 567
Employee
32 804
-
68 786
-
social contributions
934
-
1 960
-
surtax
-
-
-
-
pensions
3 710
-
4 662
-
income
2 862
-
13 117
-
total
7 506
-
19 739
-
Employer
32 804
-
68 786
-
pensions
5 390
-
7 869
-
other
1 132
-
2 631
-
social contributions
98
-
207
-
health
2 296
-
6 221
-
unemployment
1 329
-
2 786
-
total
10 245
-
19 714
-
Corporate
45 450
88 500
-
-
surtax
-
-
-
-
income
12 726
24 780
-
-
total
12 726
24 780
-
-
Dividends
32 724
63 720
-
-
withholding
4 188
8 156
-
-
surtax
-
-
-
-
social contributions
5 629
10 960
-
-
total
9 817
19 116
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 294
43 896
39 453
38 567
After tax
48 206
44 604
49 047
49 933
Living cost
25 297
25 297
25 297
25 297
Free-cash
22 909
19 307
23 750
24 636

Estimated living cost  is ₴25297 per week

₴17121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2069
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴347
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51914
₴63906
₴49564
₴62147
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
3 722
social contributions
-
-
-
19 470
total
-
-
-
23 192
Employee
16 839
-
76 623
-
social contributions
1 094
-
4 981
-
income
-
-
3 984
-
total
1 094
-
8 965
-
Employer
16 839
-
76 623
-
social contributions
2 610
-
11 877
-
total
2 610
-
11 877
-
Corporate
69 051
88 500
-
-
income
6 905
8 850
-
-
total
6 905
8 850
-
-
Dividends
62 146
79 650
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
10 609
8 850
20 842
23 192
After tax
77 891
79 650
67 658
65 308
Living cost
15 744
15 744
15 744
15 744
Free-cash
62 147
63 906
51 914
49 564

Estimated living cost  is ₴15744 per week

₴10180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1187
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴25412
-₴25412
₴27224
-₴25412
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
453
labour market
-
-
-
7 044
municipal
-
-
-
18 328
national
-
-
-
10 272
total
-
-
-
36 097
Employee
106 276
106 276
106 276
-
national
12 984
12 984
12 984
-
municipal
22 631
22 631
22 631
-
labour market
8 490
8 490
8 490
-
pensions
151
151
151
-
total
44 256
44 256
44 256
-
Employer
106 276
106 276
106 276
-
pensions
302
302
302
-
national
13 006
13 006
13 006
-
municipal
22 667
22 667
22 667
-
labour market
8 502
8 502
8 502
-
total
44 477
44 477
44 477
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
88 733
88 733
88 733
36 097
After tax
-233
-233
-233
52 403
Living cost
25 179
25 179
25 179
25 179
Free-cash
-25 412
-25 412
-25 412
27 224

Estimated living cost  is ₴25179 per week

₴17233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2227
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴387
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5332
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36588
-₴4182
₴49162
₴5427
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
2 179
accident
-
-
-
132
other
-
-
-
194
income
-
-
-
24 340
health
-
-
-
1 142
total
-
-
-
27 987
Employee
17 856
-
79 457
-
pensions
2 011
-
3 995
-
income
2 450
-
18 424
-
health
2 045
-
9 098
-
total
6 506
-
31 517
-
Employer
17 856
-
79 457
-
pensions
2 903
-
5 770
-
unemployment
438
-
1 947
-
accident
298
-
1 327
-
total
3 639
-
9 044
-
Corporate
67 005
88 500
-
-
income

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

60 304
79 650
-
-
total
60 304
79 650
-
-
Dividends
6 701
8 850
-
-
withholding
1 273
1 681
-
-
total
1 273
1 681
-
-
Income
88 500
88 500
88 500
88 500
Total tax
71 722
81 331
40 561
27 987
After tax
16 778
7 169
47 939
60 513
Living cost
11 351
11 351
11 351
11 351
Free-cash
5 427
-4 182
36 588
49 162

Estimated living cost  is ₴11351 per week

₴8262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
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.
₴2229
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26556
₴35580
₴37519
₴36807
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
88 500
municipal
-
-
-
15 724
national
-
-
-
14 004
health
-
-
-
1 144
total
-
-
-
30 872
Employee
27 556
-
74 451
-
national
455
-
8 587
-
municipal
4 513
-
12 128
-
unemployment
413
-
1 117
-
pensions
1 860
-
5 025
-
health
206
-
928
-
total
7 447
-
27 785
-
Employer
27 556
-
74 451
-
pensions
4 781
-
12 917
-
health
212
-
574
-
unemployment
179
-
484
-
accident
28
-
75
-
total
5 200
-
14 050
-
Corporate
55 744
88 500
-
-
income
11 149
17 700
-
-
total
11 149
17 700
-
-
Dividends

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

33 446
53 100
-
-
municipal
6 020
9 558
-
-
national
1 768
5 553
-
-
total
7 788
15 111
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 584
32 811
41 835
30 872
After tax
56 916
55 689
46 665
57 628
Living cost
20 109
20 109
20 109
20 109
Free-cash
36 807
35 580
26 556
37 519

Estimated living cost  is ₴20109 per week

₴13135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1934
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4720
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47762
₴52447
₴48551
₴49597
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
17 091
health
-
-
-
2 257
social contributions
-
-
-
8 474
total
-
-
-
27 822
Employee
40 275
40 275
82 466
-
social contributions
1 523
3 343
4 509
-
income
4 385
3 728
16 666
-
health
312
685
1 401
-
total
6 220
7 756
22 576
-
Employer
40 275
40 275
82 466
-
social contributions
1 523
3 343
4 509
-
health
339
745
1 526
-
total
1 862
4 088
6 035
-
Corporate
68 292
44 137
-
-
income
8 536
5 517
-
-
total
8 536
5 517
-
-
Dividends
59 756
38 619
-
-
withholding
10 158
6 565
-
-
total
10 158
6 565
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 776
23 926
28 611
27 822
After tax
61 724
64 574
59 889
60 678
Living cost
12 127
12 127
12 127
12 127
Free-cash
49 597
52 447
47 762
48 551

Estimated living cost  is ₴12127 per week

₴7268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1190
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55465
₴64971
₴65969
₴62305
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88 500
pensions
-
-
-
3 332
unemployment
-
-
-
15
income
-
-
-
8 973
health
-
-
-
1 895
total
-
-
-
14 215
Employee

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

12 022
-
83 381
-
unemployment
60
-
248
-
pensions
1 803
-
7 455
-
income
822
-
7 674
-
health
1 022
-
4 224
-
total
3 707
-
19 601
-
Employer

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

12 022
-
83 381
-
pensions
661
-
2 733
-
health
517
-
2 137
-
unemployment
60
-
248
-
total
1 238
-
5 118
-
Corporate
75 240
88 500
-
-
income
6 772
7 965
-
-
total
6 772
7 965
-
-
Dividends
68 469
80 535
-
-
withholding
6 162
7 248
-
-
total
6 162
7 248
-
-
Income
88 500
88 500
88 500
88 500
Total tax
17 879
15 213
24 719
14 215
After tax
70 621
73 287
63 781
74 285
Living cost
8 316
8 316
8 316
8 316
Free-cash
62 305
64 971
55 465
65 969

Estimated living cost  is ₴8316 per week

₴5306
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴599
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.
₴2163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33107
₴44634
₴35305
₴42320
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
13 738
accident
-
-
-
437
unemployment
-
-
-
340
other
-
-
-
49
income
-
-
-
24 228
total
-
-
-
38 792
Employee
19 367
-
73 023
-
unemployment
300
-
752
-
pensions
910
-
2 282
-
other
19
-
49
-
income
3 734
-
22 430
-
total
4 963
-
25 513
-
Employer
19 367
-
73 023
-
pensions
4 570
-
11 457
-
other
155
-
389
-
unemployment
1 066
-
2 670
-
accident
384
-
961
-
total
6 175
-
15 477
-
Corporate
62 959
88 500
-
-
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.

9 443
13 275
-
-
total
9 443
13 275
-
-
Dividends
53 515
75 225
-
-
withholding
11 196
16 188
-
-
total
11 196
16 188
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 777
29 463
40 990
38 792
After tax
56 723
59 037
47 510
49 708
Living cost
14 403
14 403
14 403
14 403
Free-cash
42 320
44 634
33 107
35 305

Estimated living cost  is ₴14403 per week

₴9722
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3044
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56034
₴54325
₴56098
₴54178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
656
income
-
-
-
30 372
health
-
-
-
475
total
-
-
-
31 503
Employee
1 369
-
87 762
-
unemployment
14
-
33
-
pensions
123
-
295
-
income
265
-
30 337
-
health
68
-
164
-
total
470
-
30 829
-
Employer
1 369
-
87 762
-
pensions
151
-
361
-
health
130
-
311
-
unemployment
27
-
66
-
total
308
-
738
-
Corporate
86 823
88 500
-
-
income
19 101
19 470
-
-
total
19 101
19 470
-
-
Dividends
67 722
69 030
-
-
withholding
13 544
13 806
-
-
total
13 544
13 806
-
-
Income
88 500
88 500
88 500
88 500
Total tax
33 423
33 276
31 567
31 503
After tax
55 077
55 224
56 933
56 997
Living cost
899
899
899
899
Free-cash
54 178
54 325
56 034
56 098

Estimated living cost  is ₴899 per week

₴534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴73
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴271
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44899
₴54894
₴44899
₴52321
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 500
pensions
-
-
-
10 052
unemployment
-
-
-
580
income
-
-
-
19 940
health
-
-
-
3 982
total
-
-
-
34 554
Employee

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

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

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

13 642
-
81 580
-
unemployment
102
-
290
-
pensions
1 910
-
5 413
-
income
1 880
-
19 940
-
health
703
-
1 991
-
total
4 595
-
27 634
-
Employer

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

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

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

13 642
-
81 580
-
pensions
1 637
-
4 639
-
health
703
-
1 991
-
unemployment
102
-
290
-
total
2 442
-
6 920
-
Corporate
72 416
88 500
-
-
income
10 862
13 275
-
-
total
10 862
13 275
-
-
Dividends
61 553
75 225
-
-
withholding
9 233
11 284
-
-
total
9 233
11 284
-
-
Income
88 500
88 500
88 500
88 500
Total tax
27 132
24 559
34 554
34 554
After tax
61 368
63 941
53 946
53 946
Living cost
9 047
9 047
9 047
9 047
Free-cash
52 321
54 894
44 899
44 899

Estimated living cost  is ₴9047 per week

₴6091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1994
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26807
₴36218
₴33436
₴36030
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 500
surtax
-
-
-
-
income
-
-
-
10 190
social contributions

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

-
-
-
30 754
total
-
-
-
40 944
Employee
20 329
-
71 515
-
social contributions
2 236
-
7 867
-
surtax
-
-
-
-
income
3 972
-
22 721
-
total
6 208
-
30 588
-
Employer
20 329
-
71 515
-
social contributions
4 828
-
16 985
-
total
4 828
-
16 985
-
Corporate
63 344
88 500
-
-
surtax
-
-
-
-
income
13 302
18 585
-
-
total
13 302
18 585
-
-
Dividends
50 042
69 915
-
-
withholding
14 012
19 577
-
-
total
14 012
19 577
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 350
38 162
47 573
40 944
After tax
50 150
50 338
40 927
47 556
Living cost
14 120
14 120
14 120
14 120
Free-cash
36 030
36 218
26 807
33 436

Estimated living cost  is ₴14120 per week

₴10001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴981
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.
₴2888
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29103
₴40630
₴31301
₴37144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
13 738
accident
-
-
-
437
unemployment
-
-
-
340
other
-
-
-
49
income
-
-
-
24 228
total
-
-
-
38 792
Employee
25 295
-
73 023
-
unemployment
392
-
752
-
pensions
1 189
-
2 282
-
other
25
-
49
-
income
5 283
-
22 430
-
total
6 889
-
25 513
-
Employer
25 295
-
73 023
-
pensions
5 970
-
11 457
-
other
203
-
389
-
unemployment
1 392
-
2 670
-
accident
501
-
961
-
total
8 066
-
15 477
-
Corporate
55 140
88 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

8 271
13 275
-
-
total
8 271
13 275
-
-
Dividends
46 869
75 225
-
-
withholding
9 723
16 188
-
-
total
9 723
16 188
-
-
Income
88 500
88 500
88 500
88 500
Total tax
32 949
29 463
40 990
38 792
After tax
55 551
59 037
47 510
49 708
Living cost
18 407
18 407
18 407
18 407
Free-cash
37 144
40 630
29 103
31 301

Estimated living cost  is ₴18407 per week

₴13219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1431
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3498
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64810
₴66688
₴61376
₴63506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions

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

-
-
-
2 699
unemployment
-
-
-
73
income
-
-
-
13 275
health
-
-
-
2 097
total
-
-
-
18 144
Employee
11 892
-
84 922
-
pensions

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

1 044
-
1 601
-
income
1 189
-
8 492
-
accident

We are using the highest rate at 1.1%.

131
-
201
-
health
547
-
839
-
total
2 911
-
11 133
-
Employer
11 892
-
84 922
-
pensions

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

1 310
-
2 009
-
health
821
-
1 258
-
unemployment
71
-
109
-
accident

We are using the highest rate at 1.1%.

131
-
201
-
total
2 333
-
3 577
-
Corporate
74 275
88 500
-
-
income
7 427
8 850
-
-
total
7 427
8 850
-
-
Dividends
66 848
79 650
-
-
withholding
3 343
3 982
-
-
total
3 343
3 982
-
-
Income
88 500
88 500
88 500
88 500
Total tax
16 014
12 832
14 710
18 144
After tax
72 486
75 668
73 790
70 356
Living cost
8 980
8 980
8 980
8 980
Free-cash
63 506
66 688
64 810
61 376

Estimated living cost  is ₴8980 per week

₴5940
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2313
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴36279
₴25330
₴27074
₴32184
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 500
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.

-
-
-
1 482
income

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

-
-
-
26 940
trade
-
-
-
9 205
health

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

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

-
-
-
3 578
total
-
-
-
41 205
Employee

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

26 061
-
88 500
-
surtax

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

118
-
1 482
-
income

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

2 143
-
26 940
-
health

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

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

3 578
-
3 578
-
total
5 839
-
32 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 439
88 500
-
-
trade
8 960
12 700
-
-
surtax

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

515
731
-
-
income
9 366
13 275
-
-
chamber of commerce
171
210
-
-
total
19 012
26 916
-
-
Dividends
43 427
61 585
-
-
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
836
-
-
withholding
10 658
15 197
-
-
total
11 244
16 033
-
-
Income
88 500
88 500
88 500
88 500
Total tax
36 095
42 949
32 000
41 205
After tax
52 405
45 551
56 500
47 295
Living cost
20 221
20 221
20 221
20 221
Free-cash
32 184
25 330
36 279
27 074

Estimated living cost  is ₴20221 per week

₴13949
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2176
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3803
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17243
₴32113
₴17243
₴33271
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
26 743
social contributions
-
-
-
14 678
total
-
-
-
41 421
Employee
40 970
-
88 500
-
social contributions
3 404
-
14 678
-
income
7 731
-
26 743
-
total
11 135
-
41 421
-
Employer
40 970
-
88 500
-
total
-
-
-
-
Corporate
47 530
88 500
-
-
income
5 941
11 063
-
-
total
5 941
11 063
-
-
Dividends
41 589
77 437
-
-
withholding
8 317
15 488
-
-
total
8 317
15 488
-
-
Income
88 500
88 500
88 500
88 500
Total tax
25 393
26 551
41 421
41 421
After tax
63 107
61 949
47 079
47 079
Living cost
29 836
29 836
29 836
29 836
Free-cash
33 271
32 113
17 243
17 243

Estimated living cost  is ₴29836 per week

₴22699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2431
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.
₴4421
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44142
₴35745
₴51346
₴37576
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 500
income
-
-
-
14 909
health

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

-
-
-
3 232
total
-
-
-
18 141
Employee
24 027
-
86 091
-
social contributions
2 407
-
2 409
-
income
2 607
-
20 527
-
total
5 014
-
22 936
-
Employer
24 027
-
86 091
-
social contributions
2 407
-
2 409
-
total
2 407
-
2 409
-
Corporate
62 065
88 500
-
-
income
21 723
30 975
-
-
total
21 723
30 975
-
-
Dividends
40 343
57 525
-
-
social contributions
2 767
2 767
-
-
total
2 767
2 767
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 911
33 742
25 345
18 141
After tax
56 589
54 758
63 155
70 359
Living cost
19 013
19 013
19 013
19 013
Free-cash
37 576
35 745
44 142
51 346

Estimated living cost  is ₴19013 per week

₴12524
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4698
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31384
₴38809
₴39419
₴41935
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
4 659
income
-
-
-
24 819
total
-
-
-
29 478
Employee
26 908
-
77 351
-
pensions
2 054
-
5 763
-
income
4 900
-
19 462
-
health
351
-
1 139
-
total
7 305
-
26 364
-
Employer
26 908
-
77 351
-
pensions
2 719
-
9 680
-
health
511
-
1 469
-
total
3 230
-
11 149
-
Corporate
58 362
88 500
-
-
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.

11 088
16 815
-
-
total
11 088
16 815
-
-
Dividends
47 274
71 685
-
-
withholding
5 339
13 273
-
-
total
5 339
13 273
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 962
30 088
37 513
29 478
After tax
61 538
58 412
50 987
59 022
Living cost
19 603
19 603
19 603
19 603
Free-cash
41 935
38 809
31 384
39 419

Estimated living cost  is ₴19603 per week

₴13448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1803
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.
₴4106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴35464
-₴5306
₴48038
₴5253
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
2 179
accident
-
-
-
132
other
-
-
-
194
income
-
-
-
24 340
health
-
-
-
1 142
total
-
-
-
27 987
Employee
19 623
-
79 457
-
pensions
2 210
-
3 995
-
income
2 692
-
18 424
-
health
2 247
-
9 098
-
total
7 149
-
31 517
-
Employer
19 623
-
79 457
-
pensions
3 191
-
5 770
-
unemployment
481
-
1 947
-
accident
328
-
1 327
-
total
4 000
-
9 044
-
Corporate
64 877
88 500
-
-
income

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

58 390
79 650
-
-
total
58 390
79 650
-
-
Dividends
6 488
8 850
-
-
withholding
1 233
1 681
-
-
total
1 233
1 681
-
-
Income
88 500
88 500
88 500
88 500
Total tax
70 772
81 331
40 561
27 987
After tax
17 728
7 169
47 939
60 513
Living cost
12 475
12 475
12 475
12 475
Free-cash
5 253
-5 306
35 464
48 038

Estimated living cost  is ₴12475 per week

₴9155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴727
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.
₴2341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55364
₴67395
₴43842
₴64942
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
88 500
pensions
-
-
-
15 420
unemployment
-
-
-
1 006
work injury
-
-
-
419
health insurance
-
-
-
6 201
income
-
-
-
14 534
total
-
-
-
37 580
Employee

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

11 325
-
88 500
-
health insurance
838
-
3 101
-
unemployment
136
-
503
-
pensions
2 084
-
7 710
-
work injury
57
-
210
-
income
1 133
-
14 534
-
total
4 248
-
26 058
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
77 175
88 500
-
-
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%.

772
885
-
-
total
772
885
-
-
Dividends
76 403
87 615
-
-
withholding
11 460
13 142
-
-
total
11 460
13 142
-
-
Income
88 500
88 500
88 500
88 500
Total tax
16 480
14 027
26 058
37 580
After tax
72 020
74 473
62 442
50 920
Living cost
7 078
7 078
7 078
7 078
Free-cash
64 942
67 395
55 364
43 842

Estimated living cost  is ₴7078 per week

₴4385
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16717
₴25750
₴20603
₴23368
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
regional
-
-
-
2 023
municipal
-
-
-
591
national
-
-
-
21 655
social contributions
-
-
-
22 762
total
-
-
-
47 031
Employee
44 136
-
88 500
-
national
7 459
-
18 752
-
municipal
263
-
528
-
social contributions
14 882
-
29 842
-
regional
666
-
1 795
-
total
23 270
-
50 917
-
Employer
44 136
-
88 500
-
total
-
-
-
-
Corporate
44 364
88 500
-
-
nationa
10 647
21 240
-
-
municipal
2 138
4 266
-
-
total
12 785
25 506
-
-
Dividends
31 579
62 994
-
-
withholding
8 211
16 378
-
-
total
8 211
16 378
-
-
Income
88 500
88 500
88 500
88 500
Total tax
44 266
41 884
50 917
47 031
After tax
44 234
46 616
37 583
41 469
Living cost
20 866
20 866
20 866
20 866
Free-cash
23 368
25 750
16 717
20 603

Estimated living cost  is ₴20866 per week

₴14657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1435
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4458
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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