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
₴29760
₴41178
₴30835
₴35192
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
27 579
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.

-
-
-
1 517
health

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

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

-
-
-
3 354
trade
-
-
-
10 343
total
-
-
-
42 793
Employee

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

18 780
-
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.

29
-
1 517
-
income

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

525
-
27 579
-
health

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

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

3 354
-
3 354
-
total
3 908
-
32 450
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 720
88 500
-
-
income
10 458
13 275
-
-
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.

575
731
-
-
chamber of commerce
175
201
-
-
trade
10 981
13 939
-
-
total
22 189
28 146
-
-
Dividends
47 530
60 354
-
-
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.

643
820
-
-
withholding
11 696
14 902
-
-
total
12 339
15 722
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 436
43 868
32 450
42 793
After tax
50 064
44 632
56 050
45 707
Living cost
14 872
14 872
14 872
14 872
Free-cash
35 192
29 760
41 178
30 835

Estimated living cost  is ₴14872 per week

₴9355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
₴29220
₴26836
₴26240
₴28788
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
951
municipal
-
-
-
9 682
national
-
-
-
15 003
pensions
-
-
-
10 620
total
-
-
-
36 256
Employee
40 311
-
76 507
-
municipal
4 979
-
10 025
-
pensions
1 612
-
3 060
-
national
7 716
-
15 632
-
total
14 307
-
28 717
-
Employer
40 311
-
76 507
-
pensions
3 225
-
6 121
-
social contributions
433
-
822
-
total
3 658
-
6 943
-
Corporate
41 870
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%.

8 374
17 700
-
-
total
8 374
17 700
-
-
Dividends
33 496
70 800
-
-
withholding
7 369
15 576
-
-
total
7 369
15 576
-
-
Income
88 500
88 500
88 500
88 500
Total tax
33 708
33 276
35 660
36 256
After tax
54 792
55 224
52 840
52 244
Living cost
26 004
26 004
26 004
26 004
Free-cash
28 788
29 220
26 836
26 240

Estimated living cost  is ₴26004 per week

₴17675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴389
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5523
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
₴60585
₴27107
₴20496
₴56558
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
16 408
surtax
-
-
-
22 568
social contributions

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

-
-
-
18 813
microenterprise
-
-
-
-
total
-
-
-
57 789
Employee
14 348
-
67 030
-
surtax
-
-
9 719
-
social contributions

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

1 578
-
6 437
-
income
2 554
-
13 552
-
total
4 132
-
29 708
-
Employer
14 348
-
67 030
-
social contributions

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

3 456
-
14 097
-
surtax
-
-
7 373
-
total
3 456
-
21 470
-
Corporate
70 696
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%.

14 139
17 700
-
-
total
14 139
17 700
-
-
Dividends

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

56 558
70 800
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
21 727
17 700
51 178
57 789
After tax
66 773
70 800
37 322
30 711
Living cost
10 215
10 215
10 215
10 215
Free-cash
56 558
60 585
27 107
20 496

Estimated living cost  is ₴10215 per week

₴6517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴23277
₴34941
₴28150
₴20270
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 973
health
-
-
-
6 055
pensions
-
-
-
5 753
total
-
-
-
39 781
Employee
41 930
41 930
79 375
-
pensions
7 547
5 753
5 753
-
income

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

6 863
6 863
12 057
-
health
6 436
5 474
6 055
-
total
20 846
18 090
23 865
-
Employer
41 930
41 930
79 375
-
health
2 915
2 915
3 622
-
pensions
2 918
2 918
3 627
-
unemployment
1 509
1 509
1 876
-
total
7 342
7 342
9 125
-
Corporate
39 742
39 227
-
-
income
7 948
7 846
-
-
total
7 948
7 846
-
-
Dividends
31 793
31 382
-
-
income
6 756
6 669
-
-
withholding
4 769
4 707
-
-
total
11 525
11 376
-
-
Income
88 500
88 500
88 500
88 500
Total tax
47 661
44 654
32 990
39 781
After tax
40 839
43 846
55 510
48 719
Living cost
20 569
20 569
20 569
20 569
Free-cash
20 270
23 277
34 941
28 150

Estimated living cost  is ₴20569 per week

₴14577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1854
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3811
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴28065
₴24754
₴25245
₴27610
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
89
other
-
-
-
5 158
unemployment
-
-
-
44
health
-
-
-
2 770
municipal
-
-
-
22 556
national
-
-
-
7 583
pensions
-
-
-
4 799
total
-
-
-
42 999
Employee
28 862
-
74 552
-
municipal
8 607
-
22 231
-
national
-
-
7 311
-
total
8 607
-
29 542
-
Employer
28 862
-
74 552
-
health
1 775
-
2 730
-
pensions
3 120
-
4 799
-
accident
58
-
89
-
unemployment
762
-
1 172
-
other
3 354
-
5 158
-
total
9 069
-
13 948
-
Corporate
50 569
88 500
-
-
income
11 125
19 470
-
-
total
11 125
19 470
-
-
Dividends
39 444
69 030
-
-
withholding
11 833
20 709
-
-
total
11 833
20 709
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 634
40 179
43 490
42 999
After tax
47 866
48 321
45 010
45 501
Living cost
20 256
20 256
20 256
20 256
Free-cash
27 610
28 065
24 754
25 245

Estimated living cost  is ₴20256 per week

₴13425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4536
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴24889
₴36761
₴25958
₴31789
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
27 579
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.

-
-
-
1 517
health

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

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

-
-
-
3 354
trade
-
-
-
10 803
total
-
-
-
43 253
Employee

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

24 900
-
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.

117
-
1 517
-
income

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

2 139
-
27 579
-
health

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

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

3 354
-
3 354
-
total
5 610
-
32 450
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 600
88 500
-
-
income
9 540
13 275
-
-
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.

525
731
-
-
chamber of commerce
165
200
-
-
trade
10 462
14 558
-
-
total
20 692
28 764
-
-
Dividends
42 909
59 736
-
-
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.

580
811
-
-
withholding
10 540
14 747
-
-
total
11 120
15 558
-
-
Income
88 500
88 500
88 500
88 500
Total tax
37 422
44 322
32 450
43 253
After tax
51 078
44 178
56 050
45 247
Living cost
19 289
19 289
19 289
19 289
Free-cash
31 789
24 889
36 761
25 958

Estimated living cost  is ₴19289 per week

₴12901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2034
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
₴48628
₴43689
₴44463
₴46591
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 910
social contributions
-
-
-
7 944
health
-
-
-
2 257
total
-
-
-
28 111
Employee
37 756
37 756
82 742
-
social contributions
1 835
3 134
4 227
-
income
3 965
3 495
17 493
-
health
376
642
1 407
-
total
6 176
7 271
23 127
-
Employer
37 756
37 756
82 742
-
health
409
699
1 531
-
social contributions
1 835
3 134
4 227
-
total
2 244
3 833
5 758
-
Corporate
64 155
46 911
-
-
income
8 020
5 864
-
-
total
8 020
5 864
-
-
Dividends
56 136
41 047
-
-
withholding
9 543
6 978
-
-
total
9 543
6 978
-
-
Income
88 500
88 500
88 500
88 500
Total tax
25 983
23 946
28 885
28 111
After tax
62 517
64 554
59 615
60 389
Living cost
15 926
15 926
15 926
15 926
Free-cash
46 591
48 628
43 689
44 463

Estimated living cost  is ₴15926 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
₴40696
₴42289
₴52293
₴40885
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 819
unemployment
-
-
-
1 328
health
-
-
-
6 195
pensions
-
-
-
8 850
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.

13 014
5 179
74 059
-
unemployment
195
78
1 111
-
pensions
1 301
518
7 406
-
income
1 591
633
9 054
-
health
911
363
5 184
-
total
3 998
1 592
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.

13 014
5 179
74 059
-
pensions
2 538
1 010
14 441
-
total
2 538
1 010
14 441
-
Corporate
72 949
82 311
-
-
income
6 565
7 408
-
-
total
6 565
7 408
-
-
Dividends
66 383
74 903
-
-
social contributions
12 886
14 547
-
-
withholding
12 613
14 232
-
-
total
25 499
28 779
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 600
38 789
37 196
27 192
After tax
49 900
49 711
51 304
61 308
Living cost
9 015
9 015
9 015
9 015
Free-cash
40 885
40 696
42 289
52 293

Estimated living cost  is ₴9015 per week

₴6152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1945
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴58940
₴39149
₴35576
₴55890
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 859
health
-
-
-
11 505
pensions
-
-
-
17 700
total
-
-
-
41 064
Employee
13 929
-
66 144
-
unemployment
223
-
1 059
-
pensions
279
-
1 323
-
income
1 568
-
12 752
-
total
2 070
-
15 134
-
Employer
13 929
-
66 144
-
health
1 810
-
8 599
-
pensions
2 786
-
13 229
-
unemployment
112
-
529
-
total
4 708
-
22 357
-
Corporate
69 862
88 500
-
-
income
13 972
17 700
-
-
total
13 972
17 700
-
-
Dividends
55 890
70 800
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
20 750
17 700
37 491
41 064
After tax
67 750
70 800
51 009
47 436
Living cost
11 860
11 860
11 860
11 860
Free-cash
55 890
58 940
39 149
35 576

Estimated living cost  is ₴11860 per week

₴8134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴706
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2780
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴3779
₴37153
₴49548
₴5489
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
24 538
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
28 004
Employee
17 222
-
79 732
-
pensions
1 939
-
3 797
-
income
2 363
-
18 705
-
health
1 972
-
9 129
-
total
6 274
-
31 631
-
Employer
17 222
-
79 732
-
pensions
2 800
-
5 483
-
accident
288
-
1 332
-
unemployment
422
-
1 953
-
total
3 510
-
8 768
-
Corporate
67 768
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.

60 991
79 650
-
-
total
60 991
79 650
-
-
Dividends
6 777
8 850
-
-
withholding
1 288
1 681
-
-
total
1 288
1 681
-
-
Income
88 500
88 500
88 500
88 500
Total tax
72 063
81 331
40 399
28 004
After tax
16 437
7 169
48 101
60 496
Living cost
10 948
10 948
10 948
10 948
Free-cash
5 489
-3 779
37 153
49 548

Estimated living cost  is ₴10948 per week

₴8024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴607
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₴80055
₴66780
₴83595
₴79301
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 025
-
88 500
-
income
1 005
-
17 700
-
total
1 005
-
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%.

83 475
88 500
-
-
total
-
-
-
-
Dividends
83 475
88 500
-
-
withholding
4 174
4 425
-
-
total
4 174
4 425
-
-
Income
88 500
88 500
88 500
88 500
Total tax
5 179
4 425
17 700
885
After tax
83 321
84 075
70 800
87 615
Living cost
4 020
4 020
4 020
4 020
Free-cash
79 301
80 055
66 780
83 595

Estimated living cost  is ₴4020 per week

₴2491
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₴51938
₴37025
₴36807
₴48620
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 859
other
-
-
-
3 546
health
-
-
-
3 285
pensions

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

-
-
-
17 920
total
-
-
-
38 610
Employee
17 828
-
70 686
-
unemployment
178
-
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.

1 248
-
4 948
-
income
3 069
-
13 933
-
health
250
-
990
-
total
4 745
-
20 578
-
Employer
17 828
-
70 686
-
health
250
-
990
-
pensions

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

3 031
-
12 017
-
accident
143
-
566
-
unemployment
178
-
707
-
other
892
-
3 534
-
total
4 494
-
17 814
-
Corporate
66 179
88 500
-
-
income
13 898
18 585
-
-
total
13 898
18 585
-
-
Dividends
52 281
69 915
-
-
withholding
3 660
4 894
-
-
total
3 660
4 894
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 797
23 479
38 392
38 610
After tax
61 703
65 021
50 108
49 890
Living cost
13 083
13 083
13 083
13 083
Free-cash
48 620
51 938
37 025
36 807

Estimated living cost  is ₴13083 per week

₴9244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴883
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴24961
₴17794
₴25792
₴26868
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 540
pensions
-
-
-
4 448
total
-
-
-
29 988
Employee
46 294
-
77 288
-
pensions
4 466
-
5 454
-
income
8 345
-
20 208
-
health
763
-
1 111
-
total
13 574
-
26 773
-
Employer
46 294
-
77 288
-
health
879
-
1 469
-
pensions
5 466
-
9 744
-
total
6 345
-
11 213
-
Corporate
35 861
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.

6 814
16 815
-
-
total
6 814
16 815
-
-
Dividends
29 047
71 685
-
-
withholding
2 179
14 004
-
-
total
2 179
14 004
-
-
Income
88 500
88 500
88 500
88 500
Total tax
28 912
30 819
37 986
29 988
After tax
59 588
57 681
50 514
58 512
Living cost
32 720
32 720
32 720
32 720
Free-cash
26 868
24 961
17 794
25 792

Estimated living cost  is ₴32720 per week

₴24518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
₴69230
₴67698
₴64206
₴66949
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 275
unemployment
-
-
-
69
health
-
-
-
1 973
pensions

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

-
-
-
2 539
total
-
-
-
17 856
Employee
8 525
-
85 135
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

749
-
1 506
-
income
852
-
8 514
-
health
392
-
789
-
total
2 087
-
10 998
-
Employer
8 525
-
85 135
-
health
588
-
1 184
-
pensions

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

940
-
1 890
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
unemployment
51
-
103
-
total
1 673
-
3 366
-
Corporate
78 302
88 500
-
-
income
7 830
8 850
-
-
total
7 830
8 850
-
-
Dividends
70 471
79 650
-
-
withholding
3 523
3 982
-
-
total
3 523
3 982
-
-
Income
88 500
88 500
88 500
88 500
Total tax
15 113
12 832
14 364
17 856
After tax
73 387
75 668
74 136
70 644
Living cost
6 438
6 438
6 438
6 438
Free-cash
66 949
69 230
67 698
64 206

Estimated living cost  is ₴6438 per week

₴3759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴460
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴16619
₴28283
₴21492
₴17856
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 973
health
-
-
-
6 055
pensions
-
-
-
5 753
total
-
-
-
39 781
Employee
45 523
41 930
79 375
-
pensions
5 753
5 753
5 753
-
income

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

6 863
6 863
12 057
-
health
5 679
5 474
6 055
-
total
18 295
18 090
23 865
-
Employer
45 523
41 930
79 375
-
health
3 163
2 915
3 622
-
pensions
3 168
2 918
3 627
-
unemployment
1 639
1 509
1 876
-
total
7 970
7 342
9 125
-
Corporate
35 007
39 227
-
-
income
7 001
7 846
-
-
total
7 001
7 846
-
-
Dividends
28 005
31 382
-
-
income
5 951
6 669
-
-
withholding
4 200
4 707
-
-
total
10 151
11 376
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 417
44 654
32 990
39 781
After tax
45 083
43 846
55 510
48 719
Living cost
27 227
27 227
27 227
27 227
Free-cash
17 856
16 619
28 283
21 492

Estimated living cost  is ₴27227 per week

₴20085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4399
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴48731
₴34036
₴37946
₴44378
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 849
social contributions
-
-
-
17 557
solidarity contribution
-
-
-
-
health
-
-
-
11 947
total
-
-
-
38 353
Employee
17 942
-
67 402
-
solidarity contribution
-
-
-
-
social contributions
1 166
-
3 908
-
income
2 153
-
8 159
-
health
2 422
-
9 099
-
total
5 741
-
21 166
-
Employer
17 942
-
67 402
-
health
1 615
-
6 066
-
social contributions
4 486
-
15 031
-
total
6 101
-
21 097
-
Corporate
64 457
88 500
-
-
income
12 247
16 815
-
-
total
12 247
16 815
-
-
Dividends
52 210
71 685
-
-
withholding
7 832
10 753
-
-
total
7 832
10 753
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 921
27 568
42 263
38 353
After tax
56 579
60 932
46 237
50 147
Living cost
12 201
12 201
12 201
12 201
Free-cash
44 378
48 731
34 036
37 946

Estimated living cost  is ₴12201 per week

₴8475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2618
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴26500
₴17461
₴21460
₴23936
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 763
regional
-
-
-
1 047
municipal
-
-
-
526
national
-
-
-
21 985
total
-
-
-
46 321
Employee
43 638
-
88 500
-
municipal
231
-
470
-
national
7 561
-
19 083
-
regional
412
-
925
-
social contributions
14 715
-
29 842
-
total
22 919
-
50 320
-
Employer
43 638
-
88 500
-
total
-
-
-
-
Corporate
44 862
88 500
-
-
municipal
1 750
3 451
-
-
nationa
10 767
21 240
-
-
total
12 517
24 691
-
-
Dividends
32 345
63 809
-
-
withholding
8 409
16 590
-
-
total
8 409
16 590
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 845
41 281
50 320
46 321
After tax
44 655
47 219
38 180
42 179
Living cost
20 719
20 719
20 719
20 719
Free-cash
23 936
26 500
17 461
21 460

Estimated living cost  is ₴20719 per week

₴14443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1359
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4599
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴44831
₴28016
₴31019
₴43302
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 888
other
-
-
-
-
surtax
-
-
-
3 888
unemployment
-
-
-
112
health
-
-
-
4 652
pensions
-
-
-
13 106
total
-
-
-
46 646
Employee
16 237
-
74 706
-
other
-
-
-
-
unemployment
1 130
-
4 561
-
pensions
1 083
-
4 371
-
surtax
53
-
3 301
-
income
2 722
-
21 951
-
health
415
-
1 671
-
total
5 403
-
35 855
-
Employer
16 237
-
74 706
-
health
739
-
2 982
-
pensions
2 165
-
8 735
-
unemployment
514
-
2 077
-
other
-
-
-
-
total
3 418
-
13 794
-
Corporate
68 845
88 500
-
-
income
17 900
23 010
-
-
total
17 900
23 010
-
-
Dividends
50 945
65 490
-
-
withholding
7 642
9 824
-
-
total
7 642
9 824
-
-
Income
88 500
88 500
88 500
88 500
Total tax
34 363
32 834
49 649
46 646
After tax
54 137
55 666
38 851
41 854
Living cost
10 835
10 835
10 835
10 835
Free-cash
43 302
44 831
28 016
31 019

Estimated living cost  is ₴10835 per week

₴6625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴35328
₴28161
₴36159
₴38562
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 540
pensions
-
-
-
4 448
total
-
-
-
29 988
Employee
31 025
-
77 288
-
pensions
2 633
-
5 454
-
income
5 588
-
20 208
-
health
450
-
1 111
-
total
8 671
-
26 773
-
Employer
31 025
-
77 288
-
health
589
-
1 469
-
pensions
3 358
-
9 744
-
total
3 947
-
11 213
-
Corporate
53 527
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.

10 170
16 815
-
-
total
10 170
16 815
-
-
Dividends
43 357
71 685
-
-
withholding
4 797
14 004
-
-
total
4 797
14 004
-
-
Income
88 500
88 500
88 500
88 500
Total tax
27 585
30 819
37 986
29 988
After tax
60 915
57 681
50 514
58 512
Living cost
22 353
22 353
22 353
22 353
Free-cash
38 562
35 328
28 161
36 159

Estimated living cost  is ₴22353 per week

₴16747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1675
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3697
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
₴1658
₴28767
₴32825
₴18264
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
regional
-
-
-
4 360
health
-
-
-
199
city
-
-
-
933
national
-
-
-
1 460
pensions
-
-
-
8 142
total
-
-
-
16 864
Employee
45 419
-
79 213
-
unemployment
-
-
-
-
pensions
3 816
-
6 654
-
national
215
-
1 070
-
regional
1 487
-
3 753
-
city
487
-
851
-
health
103
-
178
-
total
6 108
-
12 506
-
Employer
45 419
-
79 213
-
health
103
-
178
-
pensions
3 816
-
6 654
-
unemployment
-
-
-
-
other

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

908
-
1 584
-
total
4 827
-
8 416
-
Corporate
37 755
88 500
-
-
regional
7 985
18 718
-
-
national
3 209
7 523
-
-
total
11 194
26 241
-
-
Dividends
26 561
62 259
-
-
withholding
9 296
21 790
-
-
total
9 296
21 790
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 425
48 031
20 922
16 864
After tax
57 075
40 469
67 578
71 636
Living cost
38 811
38 811
38 811
38 811
Free-cash
18 264
1 658
28 767
32 825

Estimated living cost  is ₴38811 per week

₴25238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
₴21229
₴33557
₴22295
₴29194
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
27 579
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.

-
-
-
1 517
health

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

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

-
-
-
3 354
trade
-
-
-
11 262
total
-
-
-
43 712
Employee

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

29 509
-
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.

191
-
1 517
-
income

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

3 470
-
27 579
-
health

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

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

3 354
-
3 354
-
total
7 015
-
32 450
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58 991
88 500
-
-
income
8 848
13 275
-
-
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.

486
731
-
-
chamber of commerce
157
199
-
-
trade
10 117
15 178
-
-
total
19 608
29 383
-
-
Dividends
39 382
59 117
-
-
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.

531
802
-
-
withholding
9 659
14 593
-
-
total
10 190
15 395
-
-
Income
88 500
88 500
88 500
88 500
Total tax
36 813
44 778
32 450
43 712
After tax
51 687
43 722
56 050
44 788
Living cost
22 493
22 493
22 493
22 493
Free-cash
29 194
21 229
33 557
22 295

Estimated living cost  is ₴22493 per week

₴16428
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1799
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
₴27805
₴31600
₴33041
₴30706
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 002
other
-
-
-
2 743
surtax
-
-
-
-
social contributions
-
-
-
2 522
health
-
-
-
3 804
pensions
-
-
-
15 589
total
-
-
-
38 660
Employee
21 015
-
68 465
-
pensions
2 376
-
4 773
-
surtax
-
-
-
-
social contributions
599
-
1 951
-
income
1 240
-
13 342
-
total
4 215
-
20 066
-
Employer
21 015
-
68 465
-
health
1 471
-
6 349
-
pensions
3 452
-
8 032
-
unemployment
851
-
2 773
-
social contributions
63
-
205
-
other
725
-
2 676
-
total
6 562
-
20 035
-
Corporate
60 923
88 500
-
-
income
17 058
24 780
-
-
surtax
-
-
-
-
total
17 058
24 780
-
-
Dividends
43 865
63 720
-
-
surtax
-
-
-
-
social contributions
7 545
10 960
-
-
withholding
5 615
8 156
-
-
total
13 160
19 116
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 995
43 896
40 101
38 660
After tax
47 505
44 604
48 399
49 840
Living cost
16 799
16 799
16 799
16 799
Free-cash
30 706
27 805
31 600
33 041

Estimated living cost  is ₴16799 per week

₴10593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴29469
₴33264
₴34705
₴32197
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 002
other
-
-
-
2 743
surtax
-
-
-
-
social contributions
-
-
-
2 522
health
-
-
-
3 804
pensions
-
-
-
15 589
total
-
-
-
38 660
Employee
18 758
-
68 465
-
pensions
2 122
-
4 773
-
surtax
-
-
-
-
social contributions
535
-
1 951
-
income
967
-
13 342
-
total
3 624
-
20 066
-
Employer
18 758
-
68 465
-
health
1 313
-
6 349
-
pensions
3 082
-
8 032
-
unemployment
759
-
2 773
-
social contributions
56
-
205
-
other
648
-
2 676
-
total
5 858
-
20 035
-
Corporate
63 883
88 500
-
-
income
17 887
24 780
-
-
surtax
-
-
-
-
total
17 887
24 780
-
-
Dividends
45 996
63 720
-
-
surtax
-
-
-
-
social contributions
7 911
10 960
-
-
withholding
5 888
8 156
-
-
total
13 799
19 116
-
-
Income
88 500
88 500
88 500
88 500
Total tax
41 168
43 896
40 101
38 660
After tax
47 332
44 604
48 399
49 840
Living cost
15 135
15 135
15 135
15 135
Free-cash
32 197
29 469
33 264
34 705

Estimated living cost  is ₴15135 per week

₴8777
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1537
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴43581
₴44538
₴46422
₴43837
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 275
social contributions
-
-
-
12 213
health
-
-
-
6 178
total
-
-
-
31 666
Employee
16 648
-
88 500
-
social contributions
2 298
-
12 213
-
income
2 777
-
15 159
-
health
1 162
-
6 178
-
total
6 237
-
33 550
-
Employer
16 648
-
88 500
-
total
-
-
-
-
Corporate
71 852
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%.

3 593
4 425
-
-
total
3 593
4 425
-
-
Dividends
68 259
84 075
-
-
social contributions
9 419
11 603
-
-
withholding
10 238
12 611
-
-
health
4 764
5 868
-
-
total
24 421
30 082
-
-
Income
88 500
88 500
88 500
88 500
Total tax
34 251
34 507
33 550
31 666
After tax
54 249
53 993
54 950
56 834
Living cost
10 412
10 412
10 412
10 412
Free-cash
43 837
43 581
44 538
46 422

Estimated living cost  is ₴10412 per week

₴6968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴642
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2561
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴31647
₴6133
₴28126
₴30888
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 610
surtax
-
-
-
97
unemployment
-
-
-
3 012
chamber of commerce
-
-
-
354
health
-
-
-
4 388
pensions
-
-
-
10 612
total
-
-
-
43 073
Employee
24 539
19 567
70 906
-
other
245
196
574
-
unemployment
736
587
1 721
-
pensions
2 513
2 003
5 874
-
income
2 793
1 443
19 824
-
health
949
758
2 220
-
total
7 236
4 987
30 213
-
Employer
24 539
19 567
70 906
-
chamber of commerce
98
78
283
-
health
927
740
2 168
-
pensions
3 080
2 456
7 199
-
accident
319
254
745
-
unemployment
736
587
1 721
-
surtax
97
97
97
-
payroll
736
587
2 127
-
other
1 166
929
3 253
-
total
7 159
5 728
17 593
-
Corporate
56 804
63 204
69 042
-
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.

14 201
15 801
17 260
-
total
14 201
15 801
17 260
-
Dividends
42 602
47 403
-
-
withholding
11 715
13 036
-
-
total
11 715
13 036
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 311
39 552
65 066
43 073
After tax
48 189
48 948
23 434
45 427
Living cost
17 301
17 301
17 301
17 301
Free-cash
30 888
31 647
6 133
28 126

Estimated living cost  is ₴17301 per week

₴11539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4002
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
₴31588
₴13144
₴20478
₴24224
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
4 575
social contributions
-
-
-
12 242
national
-
-
-
33 302
total
-
-
-
50 119
Employee

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

35 122
-
68 546
-
unemployment

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

306
-
596
-
communal

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

1 832
-
3 575
-
pensions

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

2 634
-
5 141
-
national
10 798
-
24 965
-
health

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

1 650
-
3 222
-
total
17 220
-
37 499
-
Employer

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

35 122
-
68 546
-
health

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

2 160
-
4 215
-
pensions

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

3 112
-
6 073
-
accident

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

457
-
892
-
unemployment

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

512
-
1 001
-
surtax
3 982
-
7 773
-
total
10 223
-
19 954
-
Corporate
43 154
88 500
-
-
income
8 631
17 700
-
-
surtax
172
354
-
-
total
8 803
18 054
-
-
Dividends
34 351
70 446
-
-
withholding

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

10 127
20 955
-
-
total
10 127
20 955
-
-
Income
88 500
88 500
88 500
88 500
Total tax
46 373
39 009
57 453
50 119
After tax
42 127
49 491
31 047
38 381
Living cost
17 903
17 903
17 903
17 903
Free-cash
24 224
31 588
13 144
20 478

Estimated living cost  is ₴17903 per week

₴11532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1565
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴41235
₴29851
₴31911
₴37870
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
410
income
-
-
-
25 203
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
38 857
Employee
24 441
-
73 991
-
other
24
-
46
-
unemployment
379
-
705
-
pensions
1 149
-
2 139
-
income
5 157
-
23 518
-
total
6 709
-
26 408
-
Employer
24 441
-
73 991
-
pensions
5 768
-
10 741
-
accident
484
-
901
-
unemployment
1 345
-
2 503
-
other
195
-
364
-
total
7 792
-
14 509
-
Corporate
56 268
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.

8 440
13 275
-
-
total
8 440
13 275
-
-
Dividends
47 828
75 225
-
-
withholding
9 957
16 258
-
-
total
9 957
16 258
-
-
Income
88 500
88 500
88 500
88 500
Total tax
32 898
29 533
40 917
38 857
After tax
55 602
58 967
47 583
49 643
Living cost
17 732
17 732
17 732
17 732
Free-cash
37 870
41 235
29 851
31 911

Estimated living cost  is ₴17732 per week

₴13058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1258
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3161
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴24948
₴20375
₴16844
₴18606
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 594
accident
-
-
-
746
income
-
-
-
14 760
surtax
-
-
-
4 388
health
-
-
-
6 219
pensions
-
-
-
13 265
total
-
-
-
44 972
Employee
37 184
-
79 053
-
pensions
2 974
-
6 324
-
surtax
2 279
-
4 844
-
income
3 592
-
17 308
-
health
1 655
-
3 518
-
total
10 500
-
31 994
-
Employer
37 184
-
79 053
-
health
1 134
-
2 411
-
pensions
2 974
-
6 324
-
accident
335
-
712
-
total
4 443
-
9 447
-
Corporate
46 873
88 500
-
-
communal
3 164
5 974
-
-
income
7 031
13 275
-
-
surtax
492
929
-
-
total
10 687
20 178
-
-
Dividends
36 186
68 322
-
-
income
12 152
6 441
-
-
withholding
5 428
10 249
-
-
total
17 580
16 690
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 210
36 868
41 441
44 972
After tax
45 290
51 632
47 059
43 528
Living cost
26 684
26 684
26 684
26 684
Free-cash
18 606
24 948
20 375
16 844

Estimated living cost  is ₴26684 per week

₴20017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴44637
₴27822
₴30825
₴43075
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 888
other
-
-
-
-
surtax
-
-
-
3 888
unemployment
-
-
-
112
health
-
-
-
4 652
pensions
-
-
-
13 106
total
-
-
-
46 646
Employee
16 536
-
74 706
-
other
-
-
-
-
unemployment
1 151
-
4 561
-
pensions
1 103
-
4 371
-
surtax
59
-
3 301
-
income
2 772
-
21 951
-
health
422
-
1 671
-
total
5 507
-
35 855
-
Employer
16 536
-
74 706
-
health
752
-
2 982
-
pensions
2 205
-
8 735
-
unemployment
525
-
2 077
-
other
-
-
-
-
total
3 482
-
13 794
-
Corporate
68 483
88 500
-
-
income
17 805
23 010
-
-
total
17 805
23 010
-
-
Dividends
50 678
65 490
-
-
withholding
7 602
9 824
-
-
total
7 602
9 824
-
-
Income
88 500
88 500
88 500
88 500
Total tax
34 396
32 834
49 649
46 646
After tax
54 104
55 666
38 851
41 854
Living cost
11 029
11 029
11 029
11 029
Free-cash
43 075
44 637
27 822
30 825

Estimated living cost  is ₴11029 per week

₴6659
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴959
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴33291
₴24688
₴28664
₴32200
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 763
regional
-
-
-
1 335
municipal
-
-
-
526
national
-
-
-
21 985
total
-
-
-
46 609
Employee
27 237
-
88 500
-
municipal
144
-
470
-
national
4 315
-
19 083
-
regional
367
-
1 190
-
social contributions
9 185
-
29 842
-
total
14 011
-
50 585
-
Employer
27 237
-
88 500
-
total
-
-
-
-
Corporate
61 263
88 500
-
-
municipal
3 045
4 398
-
-
nationa
14 703
21 240
-
-
total
17 748
25 638
-
-
Dividends
43 515
62 862
-
-
withholding
11 314
16 344
-
-
total
11 314
16 344
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 073
41 982
50 585
46 609
After tax
45 427
46 518
37 915
41 891
Living cost
13 227
13 227
13 227
13 227
Free-cash
32 200
33 291
24 688
28 664

Estimated living cost  is ₴13227 per week

₴8226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1340
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3435
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴45897
₴31202
₴35112
₴40534
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 849
social contributions
-
-
-
17 557
solidarity contribution
-
-
-
-
health
-
-
-
11 947
total
-
-
-
38 353
Employee
22 110
-
67 402
-
solidarity contribution
-
-
-
-
social contributions
1 437
-
3 908
-
income
2 653
-
8 159
-
health
2 985
-
9 099
-
total
7 075
-
21 166
-
Employer
22 110
-
67 402
-
health
1 990
-
6 066
-
social contributions
5 527
-
15 031
-
total
7 517
-
21 097
-
Corporate
58 873
88 500
-
-
income
11 186
16 815
-
-
total
11 186
16 815
-
-
Dividends
47 687
71 685
-
-
withholding
7 153
10 753
-
-
total
7 153
10 753
-
-
Income
88 500
88 500
88 500
88 500
Total tax
32 931
27 568
42 263
38 353
After tax
55 569
60 932
46 237
50 147
Living cost
15 035
15 035
15 035
15 035
Free-cash
40 534
45 897
31 202
35 112

Estimated living cost  is ₴15035 per week

₴11181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴33336
₴7792
₴29859
₴33092
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 610
surtax
-
-
-
-
unemployment
-
-
-
3 012
chamber of commerce
-
-
-
354
health
-
-
-
4 388
pensions
-
-
-
10 612
total
-
-
-
42 976
Employee
21 463
19 567
70 995
-
other
214
196
574
-
unemployment
644
587
1 721
-
pensions
2 198
2 003
5 874
-
income
1 912
1 443
19 867
-
health
830
758
2 220
-
total
5 798
4 987
30 256
-
Employer
21 463
19 567
70 995
-
chamber of commerce
86
78
284
-
health
812
740
2 168
-
pensions
2 694
2 456
7 199
-
accident
279
254
745
-
unemployment
644
587
1 721
-
surtax
-
-
-
-
payroll
644
587
2 130
-
other
1 019
929
3 257
-
total
6 178
5 631
17 504
-
Corporate
60 860
63 301
69 132
-
income

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

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

15 215
15 825
17 283
-
total
15 215
15 825
17 283
-
Dividends
45 645
47 475
-
-
withholding
12 552
13 056
-
-
total
12 552
13 056
-
-
Income
88 500
88 500
88 500
88 500
Total tax
39 743
39 499
65 043
42 976
After tax
48 757
49 001
23 457
45 524
Living cost
15 665
15 665
15 665
15 665
Free-cash
33 092
33 336
7 792
29 859

Estimated living cost  is ₴15665 per week

₴9397
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1600
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4389
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₴77811
₴64536
₴81351
₴76636
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 830
-
88 500
-
income
1 566
-
17 700
-
total
1 566
-
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%.

80 670
88 500
-
-
total
-
-
-
-
Dividends
80 670
88 500
-
-
withholding
4 034
4 425
-
-
total
4 034
4 425
-
-
Income
88 500
88 500
88 500
88 500
Total tax
5 600
4 425
17 700
885
After tax
82 900
84 075
70 800
87 615
Living cost
6 264
6 264
6 264
6 264
Free-cash
76 636
77 811
64 536
81 351

Estimated living cost  is ₴6264 per week

₴4239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴47762
₴27607
₴29952
₴43656
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
20 375
unemployment
-
-
-
132
health
-
-
-
8 708
pensions
-
-
-
16 163
total
-
-
-
45 378
Employee

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

21 713
-
76 578
-
unemployment
31
-
107
-
pensions
3 366
-
11 870
-
income
3 744
-
18 876
-
health
1 402
-
4 947
-
total
8 543
-
35 800
-
Employer

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

21 713
-
76 578
-
health
1 446
-
5 100
-
pensions
1 921
-
6 777
-
unemployment
13
-
46
-
total
3 380
-
11 923
-
Corporate
63 407
88 500
-
-
income
12 047
16 815
-
-
total
12 047
16 815
-
-
Dividends
51 360
71 685
-
-
withholding
7 704
10 753
-
-
total
7 704
10 753
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 674
27 568
47 723
45 378
After tax
56 826
60 932
40 777
43 122
Living cost
13 170
13 170
13 170
13 170
Free-cash
43 656
47 762
27 607
29 952

Estimated living cost  is ₴13170 per week

₴9038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3033
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴32292
₴60379
₴39610
₴8534
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 900
-
-
-
social contributions
2 534
-
361
-
income
6 816
-
-
-
total
9 350
-
361
-
Employer
30 900
-
-
-
social contributions
43 570
-
6 209
-
total
43 570
-
6 209
-
Corporate
14 030
88 500
-
-
income
3 087
19 470
-
-
total
3 087
19 470
-
-
Dividends
10 943
69 030
-
-
income
2 408
15 187
-
-
total
2 408
15 187
-
-
Income
88 500
88 500
88 500
88 500
Total tax
58 415
34 657
6 570
27 339
After tax
30 085
53 843
81 930
61 161
Living cost
21 551
21 551
21 551
21 551
Free-cash
8 534
32 292
60 379
39 610

Estimated living cost  is ₴21551 per week

₴13983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2027
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴34938
₴25156
₴31866
₴34445
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
10 479
surtax
-
-
-
-
social contributions

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

-
-
-
30 754
total
-
-
-
41 233
Employee
22 583
-
71 515
-
surtax
-
-
-
-
social contributions
2 484
-
7 867
-
income
4 697
-
23 091
-
total
7 181
-
30 958
-
Employer
22 583
-
71 515
-
social contributions
5 363
-
16 985
-
total
5 363
-
16 985
-
Corporate
60 554
88 500
-
-
income
12 716
18 585
-
-
surtax
-
-
-
-
total
12 716
18 585
-
-
Dividends
47 838
69 915
-
-
withholding
13 394
19 576
-
-
total
13 394
19 576
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 654
38 161
47 943
41 233
After tax
49 846
50 339
40 557
47 267
Living cost
15 401
15 401
15 401
15 401
Free-cash
34 445
34 938
25 156
31 866

Estimated living cost  is ₴15401 per week

₴11523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴908
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴20889
₴24684
₴26125
₴24265
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 002
other
-
-
-
2 743
surtax
-
-
-
-
social contributions
-
-
-
2 522
health
-
-
-
3 804
pensions
-
-
-
15 589
total
-
-
-
38 660
Employee
30 753
-
68 465
-
pensions
3 478
-
4 773
-
surtax
-
-
-
-
social contributions
876
-
1 951
-
income
2 683
-
13 342
-
total
7 037
-
20 066
-
Employer
30 753
-
68 465
-
health
2 152
-
6 349
-
pensions
5 053
-
8 032
-
unemployment
1 246
-
2 773
-
social contributions
92
-
205
-
other
1 061
-
2 676
-
total
9 604
-
20 035
-
Corporate
48 142
88 500
-
-
income
13 480
24 780
-
-
surtax
-
-
-
-
total
13 480
24 780
-
-
Dividends
34 662
63 720
-
-
surtax
-
-
-
-
social contributions
5 962
10 960
-
-
withholding
4 437
8 156
-
-
total
10 399
19 116
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 520
43 896
40 101
38 660
After tax
47 980
44 604
48 399
49 840
Living cost
23 715
23 715
23 715
23 715
Free-cash
24 265
20 889
24 684
26 125

Estimated living cost  is ₴23715 per week

₴16050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5400
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴64890
₴52700
₴50349
₴63240
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 921
social contributions
-
-
-
19 470
total
-
-
-
23 391
Employee
15 785
-
76 623
-
income
-
-
4 183
-
social contributions
1 026
-
4 980
-
total
1 026
-
9 163
-
Employer
15 785
-
76 623
-
social contributions
2 447
-
11 877
-
total
2 447
-
11 877
-
Corporate
70 268
88 500
-
-
income
7 027
8 850
-
-
total
7 027
8 850
-
-
Dividends
63 241
79 650
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
10 500
8 850
21 040
23 391
After tax
78 000
79 650
67 460
65 109
Living cost
14 760
14 760
14 760
14 760
Free-cash
63 240
64 890
52 700
50 349

Estimated living cost  is ₴14760 per week

₴9543
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1113
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴18427
-₴18427
₴28442
-₴18427
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
7 046
municipal
-
-
-
18 496
national
-
-
-
10 456
pensions
-
-
-
425
total
-
-
-
36 423
Employee
99 759
99 759
99 759
-
municipal
21 243
21 243
21 243
-
labour market
7 969
7 969
7 969
-
pensions
142
142
142
-
national
12 187
12 187
12 187
-
total
41 541
41 541
41 541
-
Employer
99 759
99 759
99 759
-
national
12 209
12 209
12 209
-
labour market
7 981
7 981
7 981
-
pensions
284
284
284
-
municipal
21 277
21 277
21 277
-
total
41 751
41 751
41 751
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
83 292
83 292
83 292
36 423
After tax
5 208
5 208
5 208
52 077
Living cost
23 635
23 635
23 635
23 635
Free-cash
-18 427
-18 427
-18 427
28 442

Estimated living cost  is ₴23635 per week

₴16176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2091
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴363
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₴3618
₴37314
₴49709
₴5514
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
24 538
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
28 004
Employee
16 969
-
79 732
-
pensions
1 911
-
3 797
-
income
2 328
-
18 705
-
health
1 943
-
9 129
-
total
6 182
-
31 631
-
Employer
16 969
-
79 732
-
pensions
2 759
-
5 483
-
accident
283
-
1 332
-
unemployment
416
-
1 953
-
total
3 458
-
8 768
-
Corporate
68 073
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.

61 266
79 650
-
-
total
61 266
79 650
-
-
Dividends
6 807
8 850
-
-
withholding
1 293
1 681
-
-
total
1 293
1 681
-
-
Income
88 500
88 500
88 500
88 500
Total tax
72 199
81 331
40 399
28 004
After tax
16 301
7 169
48 101
60 496
Living cost
10 787
10 787
10 787
10 787
Free-cash
5 514
-3 618
37 314
49 709

Estimated living cost  is ₴10787 per week

₴7852
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴615
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴36480
₴27447
₴37939
₴37762
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 158
municipal
-
-
-
15 721
national
-
-
-
14 831
total
-
-
-
31 710
Employee
25 833
-
74 451
-
municipal
4 231
-
12 126
-
unemployment
388
-
1 117
-
pensions
1 743
-
5 025
-
national
427
-
8 943
-
health
193
-
942
-
total
6 982
-
28 153
-
Employer
25 833
-
74 451
-
health
198
-
573
-
pensions
4 482
-
12 917
-
accident
26
-
75
-
unemployment
168
-
484
-
total
4 874
-
14 049
-
Corporate
57 793
88 500
-
-
income
11 559
17 700
-
-
total
11 559
17 700
-
-
Dividends

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

34 675
53 100
-
-
municipal
6 242
9 558
-
-
national
2 230
5 911
-
-
total
8 472
15 469
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 887
33 169
42 202
31 710
After tax
56 613
55 331
46 298
56 790
Living cost
18 851
18 851
18 851
18 851
Free-cash
37 762
36 480
27 447
37 939

Estimated living cost  is ₴18851 per week

₴12314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1813
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴53186
₴48247
₴49021
₴50515
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 910
social contributions
-
-
-
7 944
health
-
-
-
2 257
total
-
-
-
28 111
Employee
37 756
37 756
82 742
-
social contributions
1 427
3 134
4 227
-
income
4 111
3 495
17 493
-
health
293
642
1 407
-
total
5 831
7 271
23 127
-
Employer
37 756
37 756
82 742
-
health
318
699
1 531
-
social contributions
1 427
3 134
4 227
-
total
1 745
3 833
5 758
-
Corporate
69 555
46 911
-
-
income
8 694
5 864
-
-
total
8 694
5 864
-
-
Dividends
60 861
41 047
-
-
withholding
10 347
6 978
-
-
total
10 347
6 978
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 617
23 946
28 885
28 111
After tax
61 883
64 554
59 615
60 389
Living cost
11 368
11 368
11 368
11 368
Free-cash
50 515
53 186
48 247
49 021

Estimated living cost  is ₴11368 per week

₴6813
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1115
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴65491
₴56921
₴66769
₴62992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 021
unemployment
-
-
-
14
health
-
-
-
1 777
pensions
-
-
-
3 123
total
-
-
-
13 935
Employee

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

11 270
-
83 701
-
unemployment
56
-
233
-
pensions
1 690
-
6 988
-
income
771
-
7 804
-
health
958
-
3 960
-
total
3 475
-
18 985
-
Employer

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

11 270
-
83 701
-
health
485
-
2 003
-
pensions
620
-
2 562
-
unemployment
56
-
233
-
total
1 161
-
4 798
-
Corporate
76 070
88 500
-
-
income
6 846
7 965
-
-
total
6 846
7 965
-
-
Dividends
69 224
80 535
-
-
withholding
6 230
7 248
-
-
total
6 230
7 248
-
-
Income
88 500
88 500
88 500
88 500
Total tax
17 712
15 213
23 783
13 935
After tax
70 788
73 287
64 717
74 565
Living cost
7 796
7 796
7 796
7 796
Free-cash
62 992
65 491
56 921
66 769

Estimated living cost  is ₴7796 per week

₴4974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴45465
₴34081
₴36141
₴43297
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
410
income
-
-
-
25 203
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
38 857
Employee
18 156
-
73 991
-
other
18
-
46
-
unemployment
281
-
705
-
pensions
854
-
2 139
-
income
3 500
-
23 518
-
total
4 653
-
26 408
-
Employer
18 156
-
73 991
-
pensions
4 284
-
10 741
-
accident
360
-
901
-
unemployment
999
-
2 503
-
other
145
-
364
-
total
5 788
-
14 509
-
Corporate
64 556
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.

9 683
13 275
-
-
total
9 683
13 275
-
-
Dividends
54 873
75 225
-
-
withholding
11 577
16 258
-
-
total
11 577
16 258
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 701
29 533
40 917
38 857
After tax
56 799
58 967
47 583
49 643
Living cost
13 502
13 502
13 502
13 502
Free-cash
43 297
45 465
34 081
36 141

Estimated living cost  is ₴13502 per week

₴9114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1298
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴54264
₴55933
₴56001
₴54105
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30 331
health
-
-
-
508
pensions
-
-
-
700
total
-
-
-
31 539
Employee
1 463
-
87 712
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
30 294
-
health
73
-
175
-
total
503
-
30 819
-
Employer
1 463
-
87 712
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
86 708
88 500
-
-
income
19 076
19 470
-
-
total
19 076
19 470
-
-
Dividends
67 633
69 030
-
-
withholding
13 527
13 806
-
-
total
13 527
13 806
-
-
Income
88 500
88 500
88 500
88 500
Total tax
33 435
33 276
31 607
31 539
After tax
55 065
55 224
56 893
56 961
Living cost
960
960
960
960
Free-cash
54 105
54 264
55 933
56 001

Estimated living cost  is ₴960 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
₴55450
₴46219
₴46220
₴53035
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
20 074
unemployment
-
-
-
544
health
-
-
-
3 737
pensions
-
-
-
9 434
total
-
-
-
33 789
Employee

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

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

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

12 804
-
82 005
-
unemployment
96
-
272
-
pensions
1 793
-
5 080
-
income
1 765
-
20 074
-
health
659
-
1 869
-
total
4 313
-
27 295
-
Employer

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

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

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

12 804
-
82 005
-
health
659
-
1 869
-
pensions
1 536
-
4 354
-
unemployment
96
-
272
-
total
2 291
-
6 495
-
Corporate
73 404
88 500
-
-
income
11 011
13 275
-
-
total
11 011
13 275
-
-
Dividends
62 394
75 225
-
-
withholding
9 359
11 284
-
-
total
9 359
11 284
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 974
24 559
33 790
33 789
After tax
61 526
63 941
54 710
54 711
Living cost
8 491
8 491
8 491
8 491
Free-cash
53 035
55 450
46 219
46 220

Estimated living cost  is ₴8491 per week

₴5717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴657
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴37102
₴27320
₴34030
₴36923
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
10 479
surtax
-
-
-
-
social contributions

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

-
-
-
30 754
total
-
-
-
41 233
Employee
19 057
-
71 515
-
surtax
-
-
-
-
social contributions
2 097
-
7 867
-
income
3 724
-
23 091
-
total
5 821
-
30 958
-
Employer
19 057
-
71 515
-
social contributions
4 526
-
16 985
-
total
4 526
-
16 985
-
Corporate
64 917
88 500
-
-
income
13 633
18 585
-
-
surtax
-
-
-
-
total
13 633
18 585
-
-
Dividends
51 284
69 915
-
-
withholding
14 360
19 576
-
-
total
14 360
19 576
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 340
38 161
47 943
41 233
After tax
50 160
50 339
40 557
47 267
Living cost
13 237
13 237
13 237
13 237
Free-cash
36 923
37 102
27 320
34 030

Estimated living cost  is ₴13237 per week

₴9376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴41711
₴30327
₴32387
₴38499
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
410
income
-
-
-
25 203
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
38 857
Employee
23 714
-
73 991
-
other
23
-
46
-
unemployment
367
-
705
-
pensions
1 114
-
2 139
-
income
4 953
-
23 518
-
total
6 457
-
26 408
-
Employer
23 714
-
73 991
-
pensions
5 596
-
10 741
-
accident
470
-
901
-
unemployment
1 304
-
2 503
-
other
190
-
364
-
total
7 560
-
14 509
-
Corporate
57 226
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.

8 584
13 275
-
-
total
8 584
13 275
-
-
Dividends
48 642
75 225
-
-
withholding
10 144
16 258
-
-
total
10 144
16 258
-
-
Income
88 500
88 500
88 500
88 500
Total tax
32 745
29 533
40 917
38 857
After tax
55 755
58 967
47 583
49 643
Living cost
17 256
17 256
17 256
17 256
Free-cash
38 499
41 711
30 327
32 387

Estimated living cost  is ₴17256 per week

₴12393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1342
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3279
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴67221
₴65689
₴62197
₴64226
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 275
unemployment
-
-
-
69
health
-
-
-
1 973
pensions

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

-
-
-
2 539
total
-
-
-
17 856
Employee
11 186
-
85 135
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

982
-
1 506
-
income
1 119
-
8 514
-
health
515
-
789
-
total
2 739
-
10 998
-
Employer
11 186
-
85 135
-
health
772
-
1 184
-
pensions

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

1 233
-
1 890
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
unemployment
67
-
103
-
total
2 195
-
3 366
-
Corporate
75 120
88 500
-
-
income
7 512
8 850
-
-
total
7 512
8 850
-
-
Dividends
67 608
79 650
-
-
withholding
3 381
3 982
-
-
total
3 381
3 982
-
-
Income
88 500
88 500
88 500
88 500
Total tax
15 827
12 832
14 364
17 856
After tax
72 673
75 668
74 136
70 644
Living cost
8 447
8 447
8 447
8 447
Free-cash
64 226
67 221
65 689
62 197

Estimated living cost  is ₴8447 per week

₴5587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴26586
₴37093
₴27669
₴33010
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
27 579
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.

-
-
-
1 517
health

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

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

-
-
-
3 354
trade
-
-
-
9 424
total
-
-
-
41 874
Employee

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

24 431
-
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.

111
-
1 517
-
income

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

2 009
-
27 579
-
health

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

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

3 354
-
3 354
-
total
5 474
-
32 450
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
64 069
88 500
-
-
income
9 610
13 275
-
-
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.

528
731
-
-
chamber of commerce
169
204
-
-
trade
9 194
12 699
-
-
total
19 501
26 909
-
-
Dividends
44 568
61 591
-
-
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.

603
837
-
-
withholding
10 955
15 211
-
-
total
11 558
16 048
-
-
Income
88 500
88 500
88 500
88 500
Total tax
36 533
42 957
32 450
41 874
After tax
51 967
45 543
56 050
46 626
Living cost
18 957
18 957
18 957
18 957
Free-cash
33 010
26 586
37 093
27 669

Estimated living cost  is ₴18957 per week

₴13077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2040
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
₴33981
₴18434
₴18434
₴35064
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 285
social contributions
-
-
-
14 811
total
-
-
-
42 096
Employee
38 408
-
88 500
-
income
7 247
-
27 285
-
social contributions
3 191
-
14 811
-
total
10 438
-
42 096
-
Employer
38 408
-
88 500
-
total
-
-
-
-
Corporate
50 092
88 500
-
-
income
6 262
11 062
-
-
total
6 262
11 062
-
-
Dividends
43 830
77 438
-
-
withholding
8 766
15 487
-
-
total
8 766
15 487
-
-
Income
88 500
88 500
88 500
88 500
Total tax
25 466
26 549
42 096
42 096
After tax
63 034
61 951
46 404
46 404
Living cost
27 970
27 970
27 970
27 970
Free-cash
35 064
33 981
18 434
18 434

Estimated living cost  is ₴27970 per week

₴21279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
₴37107
₴44978
₴53719
₴38823
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
2 980
total
-
-
-
16 957
Employee
22 525
-
86 241
-
income
2 444
-
21 180
-
social contributions
2 257
-
2 259
-
total
4 701
-
23 439
-
Employer
22 525
-
86 241
-
social contributions
2 257
-
2 259
-
total
2 257
-
2 259
-
Corporate
63 719
88 500
-
-
income
22 301
30 975
-
-
total
22 301
30 975
-
-
Dividends
41 417
57 525
-
-
social contributions
2 594
2 594
-
-
total
2 594
2 594
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 853
33 569
25 698
16 957
After tax
56 647
54 931
62 802
71 543
Living cost
17 824
17 824
17 824
17 824
Free-cash
38 823
37 107
44 978
53 719

Estimated living cost  is ₴17824 per week

₴11740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1405
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4405
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴39508
₴32341
₴40339
₴42405
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 540
pensions
-
-
-
4 448
total
-
-
-
29 988
Employee
24 944
-
77 288
-
pensions
1 904
-
5 454
-
income
4 543
-
20 208
-
health
325
-
1 111
-
total
6 772
-
26 773
-
Employer
24 944
-
77 288
-
health
474
-
1 469
-
pensions
2 520
-
9 744
-
total
2 994
-
11 213
-
Corporate
60 561
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.

11 506
16 815
-
-
total
11 506
16 815
-
-
Dividends
49 055
71 685
-
-
withholding
6 650
14 004
-
-
total
6 650
14 004
-
-
Income
88 500
88 500
88 500
88 500
Total tax
27 922
30 819
37 986
29 988
After tax
60 578
57 681
50 514
58 512
Living cost
18 173
18 173
18 173
18 173
Free-cash
42 405
39 508
32 341
40 339

Estimated living cost  is ₴18173 per week

₴12466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1671
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴4686
₴36246
₴48641
₴5351
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
24 538
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
28 004
Employee
18 648
-
79 732
-
pensions
2 100
-
3 797
-
income
2 558
-
18 705
-
health
2 135
-
9 129
-
total
6 793
-
31 631
-
Employer
18 648
-
79 732
-
pensions
3 032
-
5 483
-
accident
311
-
1 332
-
unemployment
457
-
1 953
-
total
3 800
-
8 768
-
Corporate
66 051
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.

59 446
79 650
-
-
total
59 446
79 650
-
-
Dividends
6 605
8 850
-
-
withholding
1 255
1 681
-
-
total
1 255
1 681
-
-
Income
88 500
88 500
88 500
88 500
Total tax
71 294
81 331
40 399
28 004
After tax
17 206
7 169
48 101
60 496
Living cost
11 855
11 855
11 855
11 855
Free-cash
5 351
-4 686
36 246
48 641

Estimated living cost  is ₴11855 per week

₴8700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴691
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴67839
₴56446
₴45643
₴65540
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
14 621
unemployment
-
-
-
943
work injury
-
-
-
393
health insurance
-
-
-
5 813
pensions
-
-
-
14 453
total
-
-
-
36 223
Employee

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

10 615
-
88 500
-
health insurance
786
-
2 906
-
unemployment
127
-
471
-
work injury
53
-
196
-
pensions
1 953
-
7 226
-
income
1 062
-
14 621
-
total
3 981
-
25 420
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
77 885
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%.

779
885
-
-
total
779
885
-
-
Dividends
77 106
87 615
-
-
withholding
11 566
13 142
-
-
total
11 566
13 142
-
-
Income
88 500
88 500
88 500
88 500
Total tax
16 326
14 027
25 420
36 223
After tax
72 174
74 473
63 080
52 277
Living cost
6 634
6 634
6 634
6 634
Free-cash
65 540
67 839
56 446
45 643

Estimated living cost  is ₴6634 per week

₴4110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴27054
₴17685
₴21570
₴24819
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 763
regional
-
-
-
2 029
municipal
-
-
-
592
national
-
-
-
21 985
total
-
-
-
47 369
Employee
41 376
-
88 500
-
municipal
247
-
528
-
national
6 992
-
19 083
-
regional
625
-
1 801
-
social contributions
13 952
-
29 842
-
total
21 816
-
51 254
-
Employer
41 376
-
88 500
-
total
-
-
-
-
Corporate
47 124
88 500
-
-
municipal
2 272
4 266
-
-
nationa
11 310
21 240
-
-
total
13 582
25 506
-
-
Dividends
33 543
62 994
-
-
withholding
8 722
16 379
-
-
total
8 722
16 379
-
-
Income
88 500
88 500
88 500
88 500
Total tax
44 120
41 885
51 254
47 369
After tax
44 380
46 615
37 246
41 131
Living cost
19 561
19 561
19 561
19 561
Free-cash
24 819
27 054
17 685
21 570

Estimated living cost  is ₴19561 per week

₴13740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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