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
₴40695
₴30565
₴34638
₴28886
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
10 130
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.

-
-
-
3 554
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.

-
-
-
1 486
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.

-
-
-
27 009
total
-
-
-
42 179
Employee

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

19 896
-
88 500
-
health

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

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

3 554
-
3 554
-
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.

556
-
27 009
-
surtax

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

31
-
1 486
-
total
4 141
-
32 049
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 604
88 500
-
-
income
10 291
13 275
-
-
trade
10 805
13 938
-
-
surtax

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

566
730
-
-
chamber of commerce
178
206
-
-
total
21 840
28 149
-
-
Dividends
46 765
60 350
-
-
withholding
11 493
14 890
-
-
surtax

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

632
819
-
-
total
12 125
15 709
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 106
43 858
32 049
42 179
After tax
50 394
44 642
56 451
46 321
Living cost
15 756
15 756
15 756
15 756
Free-cash
34 638
28 886
40 695
30 565

Estimated living cost  is ₴15756 per week

₴9911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3714
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25521
₴24826
₴27254
₴27711
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
14 945
pensions
-
-
-
10 620
social contributions
-
-
-
951
municipal
-
-
-
9 645
total
-
-
-
36 161
Employee
42 651
-
76 507
-
municipal
5 268
-
9 987
-
pensions
1 706
-
3 060
-
national
8 163
-
15 476
-
total
15 137
-
28 523
-
Employer
42 651
-
76 507
-
pensions
3 412
-
6 121
-
social contributions
458
-
822
-
total
3 870
-
6 943
-
Corporate
39 164
88 500
-
-
income

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

7 833
17 700
-
-
total
7 833
17 700
-
-
Dividends
31 331
70 800
-
-
withholding
6 893
15 576
-
-
total
6 893
15 576
-
-
Income
88 500
88 500
88 500
88 500
Total tax
33 733
33 276
35 466
36 161
After tax
54 767
55 224
53 034
52 339
Living cost
27 513
27 513
27 513
27 513
Free-cash
27 254
27 711
25 521
24 826

Estimated living cost  is ₴27513 per week

₴18701
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2558
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴412
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25943
₴19449
₴55711
₴59978
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
19 930
income
-
-
-
15 731
microenterprise
-
-
-
-
total
-
-
-
58 229
Employee
15 200
-
66 276
-
income
2 706
-
13 082
-
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.

1 672
-
6 819
-
surtax
-
-
9 610
-
total
4 378
-
29 511
-
Employer
15 200
-
66 276
-
surtax
-
-
7 290
-
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.

3 661
-
14 934
-
total
3 661
-
22 224
-
Corporate
69 639
88 500
-
-
income

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

13 928
17 700
-
-
total
13 928
17 700
-
-
Dividends

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

55 711
70 800
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
21 967
17 700
51 735
58 229
After tax
66 533
70 800
36 765
30 271
Living cost
10 822
10 822
10 822
10 822
Free-cash
55 711
59 978
25 943
19 449

Estimated living cost  is ₴10822 per week

₴6904
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1031
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.
₴2642
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33162
₴27286
₴18792
₴21978
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 414
pensions
-
-
-
6 095
income
-
-
-
26 914
total
-
-
-
39 423
Employee
44 421
44 421
78 833
-
health
6 818
5 799
6 414
-
pensions
7 996
6 095
6 095
-
income

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

7 271
7 271
11 371
-
total
22 085
19 165
23 880
-
Employer
44 421
44 421
78 833
-
pensions
3 092
3 092
3 843
-
unemployment
1 599
1 599
1 987
-
health
3 088
3 088
3 837
-
total
7 779
7 779
9 667
-
Corporate
36 845
36 300
-
-
income
7 369
7 260
-
-
total
7 369
7 260
-
-
Dividends
29 476
29 040
-
-
withholding
4 421
4 356
-
-
income
6 263
6 171
-
-
total
10 684
10 527
-
-
Income
88 500
88 500
88 500
88 500
Total tax
47 917
44 731
33 547
39 423
After tax
40 583
43 769
54 953
49 077
Living cost
21 791
21 791
21 791
21 791
Free-cash
18 792
21 978
33 162
27 286

Estimated living cost  is ₴21791 per week

₴15443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1964
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴346
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4037
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23861
₴24380
₴26395
₴26877
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
6 729
health
-
-
-
2 933
other
-
-
-
5 461
unemployment
-
-
-
47
pensions
-
-
-
5 081
municipal
-
-
-
22 331
accident
-
-
-
94
total
-
-
-
42 676
Employee
30 556
-
73 733
-
municipal
9 112
-
21 987
-
national
-
-
6 441
-
total
9 112
-
28 428
-
Employer
30 556
-
73 733
-
other
3 551
-
5 461
-
accident
61
-
94
-
pensions
3 303
-
5 081
-
unemployment
807
-
1 241
-
health
1 879
-
2 890
-
total
9 601
-
14 767
-
Corporate
48 343
88 500
-
-
income
10 636
19 470
-
-
total
10 636
19 470
-
-
Dividends
37 708
69 030
-
-
withholding
11 312
20 709
-
-
total
11 312
20 709
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 661
40 179
43 195
42 676
After tax
47 839
48 321
45 305
45 824
Living cost
21 444
21 444
21 444
21 444
Free-cash
26 395
26 877
23 861
24 380

Estimated living cost  is ₴21444 per week

₴14212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2104
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4802
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36016
₴25436
₴31059
₴23752
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
10 580
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.

-
-
-
3 554
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.

-
-
-
1 486
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.

-
-
-
27 009
total
-
-
-
42 629
Employee

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

26 379
-
88 500
-
health

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

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

3 554
-
3 554
-
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.

2 266
-
27 009
-
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.

124
-
1 486
-
total
5 944
-
32 049
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 121
88 500
-
-
income
9 319
13 275
-
-
trade
10 219
14 558
-
-
surtax

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

512
730
-
-
chamber of commerce
168
205
-
-
total
20 218
28 768
-
-
Dividends
41 903
59 731
-
-
withholding
10 278
14 735
-
-
surtax

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

566
810
-
-
total
10 844
15 545
-
-
Income
88 500
88 500
88 500
88 500
Total tax
37 006
44 313
32 049
42 629
After tax
51 494
44 187
56 451
45 871
Living cost
20 435
20 435
20 435
20 435
Free-cash
31 059
23 752
36 016
25 436

Estimated living cost  is ₴20435 per week

₴13667
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2155
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4308
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42986
₴43775
₴45543
₴47699
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 257
social contributions
-
-
-
8 416
income
-
-
-
17 180
total
-
-
-
27 853
Employee
39 999
39 999
82 496
-
health
398
680
1 403
-
income
4 200
3 703
16 757
-
social contributions
1 944
3 320
4 478
-
total
6 542
7 703
22 638
-
Employer
39 999
39 999
82 496
-
health
433
740
1 526
-
social contributions
1 944
3 320
4 478
-
total
2 377
4 060
6 004
-
Corporate
62 709
44 441
-
-
income
7 839
5 555
-
-
total
7 839
5 555
-
-
Dividends
54 870
38 886
-
-
withholding
9 327
6 611
-
-
total
9 327
6 611
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 085
23 929
28 642
27 853
After tax
62 415
64 571
59 858
60 647
Living cost
16 872
16 872
16 872
16 872
Free-cash
45 543
47 699
42 986
43 775

Estimated living cost  is ₴16872 per week

₴11534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1318
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41002
₴51006
₴39651
₴39436
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 195
unemployment
-
-
-
1 328
pensions
-
-
-
8 850
income
-
-
-
10 819
total
-
-
-
27 192
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

14 871
5 918
74 059
-
health
1 041
414
5 184
-
pensions
1 487
592
7 406
-
income
1 818
724
9 054
-
unemployment
223
89
1 111
-
total
4 569
1 819
22 755
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

14 871
5 918
74 059
-
pensions
2 900
1 154
14 441
-
total
2 900
1 154
14 441
-
Corporate
70 730
81 428
-
-
income
6 366
7 328
-
-
total
6 366
7 328
-
-
Dividends
64 364
74 099
-
-
withholding
12 229
14 079
-
-
social contributions
12 483
14 382
-
-
total
24 712
28 461
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 547
38 762
37 196
27 192
After tax
49 953
49 738
51 304
61 308
Living cost
10 302
10 302
10 302
10 302
Free-cash
39 651
39 436
41 002
51 006

Estimated living cost  is ₴10302 per week

₴7030
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴843
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2223
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38445
₴34873
₴55005
₴58236
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
11 505
pensions
-
-
-
17 699
income
-
-
-
11 859
total
-
-
-
41 063
Employee
14 757
-
66 143
-
pensions
295
-
1 323
-
income
1 661
-
12 753
-
unemployment
236
-
1 058
-
total
2 192
-
15 134
-
Employer
14 757
-
66 143
-
pensions
2 952
-
13 229
-
unemployment
118
-
529
-
health
1 918
-
8 599
-
total
4 988
-
22 357
-
Corporate
68 755
88 500
-
-
income
13 751
17 700
-
-
total
13 751
17 700
-
-
Dividends
55 004
70 800
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
20 931
17 700
37 491
41 063
After tax
67 569
70 800
51 009
47 437
Living cost
12 564
12 564
12 564
12 564
Free-cash
55 005
58 236
38 445
34 873

Estimated living cost  is ₴12564 per week

₴8618
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴748
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2946
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36301
₴48903
₴5386
-₴4445
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 151
other
-
-
-
196
pensions
-
-
-
2 196
income
-
-
-
24 308
accident
-
-
-
133
total
-
-
-
27 984
Employee
18 267
-
79 413
-
health
2 092
-
9 093
-
pensions
2 057
-
4 027
-
income
2 506
-
18 379
-
total
6 655
-
31 499
-
Employer
18 267
-
79 413
-
accident
305
-
1 326
-
pensions
2 970
-
5 815
-
unemployment
448
-
1 946
-
total
3 723
-
9 087
-
Corporate
66 510
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.

59 859
79 650
-
-
total
59 859
79 650
-
-
Dividends
6 651
8 850
-
-
withholding
1 264
1 682
-
-
total
1 264
1 682
-
-
Income
88 500
88 500
88 500
88 500
Total tax
71 501
81 332
40 586
27 984
After tax
16 999
7 168
47 914
60 516
Living cost
11 613
11 613
11 613
11 613
Free-cash
5 386
-4 445
36 301
48 903

Estimated living cost  is ₴11613 per week

₴8511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴643
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2216
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66470
₴83285
₴78934
₴79745
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 413
-
88 500
-
income
1 082
-
17 700
-
total
1 082
-
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%.

83 087
88 500
-
-
total
-
-
-
-
Dividends
83 087
88 500
-
-
withholding
4 154
4 425
-
-
total
4 154
4 425
-
-
Income
88 500
88 500
88 500
88 500
Total tax
5 236
4 425
17 700
885
After tax
83 264
84 075
70 800
87 615
Living cost
4 330
4 330
4 330
4 330
Free-cash
78 934
79 745
66 470
83 285

Estimated living cost  is ₴4330 per week

₴2684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴119
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36372
₴35048
₴47644
₴51160
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 481
other
-
-
-
3 757
pensions

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

-
-
-
18 985
income
-
-
-
13 368
total
-
-
-
39 591
Employee
18 887
-
70 687
-
health
265
-
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.

1 322
-
4 948
-
income
3 252
-
13 809
-
unemployment
189
-
707
-
total
5 028
-
20 454
-
Employer
18 887
-
70 687
-
other
945
-
3 534
-
accident
151
-
566
-
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.

3 211
-
12 016
-
unemployment
189
-
707
-
health
265
-
990
-
total
4 761
-
17 813
-
Corporate
64 853
88 500
-
-
income
13 620
18 585
-
-
total
13 620
18 585
-
-
Dividends
51 233
69 915
-
-
withholding
3 586
4 894
-
-
total
3 586
4 894
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 995
23 479
38 267
39 591
After tax
61 505
65 021
50 233
48 909
Living cost
13 861
13 861
13 861
13 861
Free-cash
47 644
51 160
36 372
35 048

Estimated living cost  is ₴13861 per week

₴9793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴936
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2908
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16274
₴24296
₴24622
₴23626
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
4 600
income
-
-
-
25 019
total
-
-
-
29 619
Employee
48 932
-
77 333
-
health
806
-
1 131
-
pensions
4 721
-
5 677
-
income
8 821
-
19 668
-
total
14 348
-
26 476
-
Employer
48 932
-
77 333
-
pensions
5 777
-
9 696
-
health
929
-
1 469
-
total
6 706
-
11 165
-
Corporate
32 861
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.

6 243
16 815
-
-
total
6 243
16 815
-
-
Dividends
26 618
71 685
-
-
withholding
1 996
13 474
-
-
total
1 996
13 474
-
-
Income
88 500
88 500
88 500
88 500
Total tax
29 293
30 289
37 641
29 619
After tax
59 207
58 211
50 859
58 881
Living cost
34 585
34 585
34 585
34 585
Free-cash
24 622
23 626
16 274
24 296

Estimated living cost  is ₴34585 per week

₴25915
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4063
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴66890
₴63460
₴66358
₴68792
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 106
unemployment
-
-
-
73
pensions

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

-
-
-
2 711
income
-
-
-
13 275
total
-
-
-
18 165
Employee
9 103
-
84 907
-
health
419
-
843
-
income
910
-
8 490
-
pensions

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

799
-
1 608
-
accident

We are using the highest rate at 1.1%.

100
-
201
-
total
2 228
-
11 142
-
Employer
9 103
-
84 907
-
accident

We are using the highest rate at 1.1%.

100
-
201
-
pensions

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

1 003
-
2 018
-
unemployment
54
-
110
-
health
628
-
1 264
-
total
1 785
-
3 593
-
Corporate
77 610
88 500
-
-
income
7 761
8 850
-
-
total
7 761
8 850
-
-
Dividends
69 849
79 650
-
-
withholding
3 493
3 983
-
-
total
3 493
3 983
-
-
Income
88 500
88 500
88 500
88 500
Total tax
15 267
12 833
14 735
18 165
After tax
73 233
75 667
73 765
70 335
Living cost
6 875
6 875
6 875
6 875
Free-cash
66 358
68 792
66 890
63 460

Estimated living cost  is ₴6875 per week

₴4014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2188
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26108
₴20232
₴16233
₴14924
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 414
pensions
-
-
-
6 095
income
-
-
-
26 914
total
-
-
-
39 423
Employee
48 227
44 421
78 833
-
health
6 017
5 799
6 414
-
pensions
6 095
6 095
6 095
-
income

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

7 271
7 271
11 371
-
total
19 383
19 165
23 880
-
Employer
48 227
44 421
78 833
-
pensions
3 356
3 092
3 843
-
unemployment
1 736
1 599
1 987
-
health
3 351
3 088
3 837
-
total
8 443
7 779
9 667
-
Corporate
31 829
36 300
-
-
income
6 366
7 260
-
-
total
6 366
7 260
-
-
Dividends
25 463
29 040
-
-
withholding
3 819
4 356
-
-
income
5 411
6 171
-
-
total
9 230
10 527
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 422
44 731
33 547
39 423
After tax
45 078
43 769
54 953
49 077
Living cost
28 845
28 845
28 845
28 845
Free-cash
16 233
14 924
26 108
20 232

Estimated living cost  is ₴28845 per week

₴21278
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2576
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4660
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32480
₴36303
₴43375
₴47992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
11 947
social contributions
-
-
-
18 620
income
-
-
-
8 690
solidarity contribution
-
-
-
-
total
-
-
-
39 257
Employee
19 029
-
66 567
-
solidarity contribution
-
-
-
-
health
2 569
-
8 987
-
income
2 284
-
8 015
-
social contributions
1 237
-
4 145
-
total
6 090
-
21 147
-
Employer
19 029
-
66 567
-
health
1 713
-
5 991
-
social contributions
4 757
-
15 942
-
total
6 470
-
21 933
-
Corporate
63 001
88 500
-
-
income
11 970
16 815
-
-
total
11 970
16 815
-
-
Dividends
51 031
71 685
-
-
withholding
7 655
10 753
-
-
total
7 655
10 753
-
-
Income
88 500
88 500
88 500
88 500
Total tax
32 185
27 568
43 080
39 257
After tax
56 315
60 932
45 420
49 243
Living cost
12 940
12 940
12 940
12 940
Free-cash
43 375
47 992
32 480
36 303

Estimated living cost  is ₴12940 per week

₴8988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2777
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16532
₴20529
₴22551
₴25269
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
21 691
social contributions
-
-
-
22 762
municipal
-
-
-
526
regional
-
-
-
1 042
total
-
-
-
46 021
Employee
46 230
-
88 500
-
municipal
245
-
469
-
regional
436
-
919
-
social contributions
15 589
-
29 842
-
national
8 011
-
18 788
-
total
24 281
-
50 018
-
Employer
46 230
-
88 500
-
total
-
-
-
-
Corporate
42 270
88 500
-
-
municipal
1 649
3 451
-
-
nationa
10 145
21 240
-
-
total
11 794
24 691
-
-
Dividends
30 476
63 809
-
-
withholding
7 924
16 590
-
-
total
7 924
16 590
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 999
41 281
50 018
46 021
After tax
44 501
47 219
38 482
42 479
Living cost
21 950
21 950
21 950
21 950
Free-cash
22 551
25 269
16 532
20 529

Estimated living cost  is ₴21950 per week

₴15301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1439
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴337
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4873
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27239
₴30443
₴42570
₴44188
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 929
other
-
-
-
-
unemployment
-
-
-
118
surtax
-
-
-
3 646
pensions
-
-
-
13 885
income
-
-
-
24 000
total
-
-
-
46 578
Employee
17 202
-
73 886
-
health
439
-
1 770
-
pensions
1 147
-
4 631
-
income
2 883
-
20 890
-
unemployment
1 197
-
4 832
-
surtax
56
-
3 046
-
other
-
-
-
-
total
5 722
-
35 169
-
Employer
17 202
-
73 886
-
other
-
-
-
-
pensions
2 293
-
9 254
-
unemployment
545
-
2 200
-
health
783
-
3 159
-
total
3 621
-
14 613
-
Corporate
67 677
88 500
-
-
income
17 596
23 010
-
-
total
17 596
23 010
-
-
Dividends
50 081
65 490
-
-
withholding
7 512
9 823
-
-
total
7 512
9 823
-
-
Income
88 500
88 500
88 500
88 500
Total tax
34 451
32 833
49 782
46 578
After tax
54 049
55 667
38 718
41 922
Living cost
11 479
11 479
11 479
11 479
Free-cash
42 570
44 188
27 239
30 443

Estimated living cost  is ₴11479 per week

₴7019
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1059
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3136
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27232
₴35254
₴37999
₴34584
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
4 600
income
-
-
-
25 019
total
-
-
-
29 619
Employee
32 793
-
77 333
-
health
476
-
1 131
-
pensions
2 783
-
5 677
-
income
5 906
-
19 668
-
total
9 165
-
26 476
-
Employer
32 793
-
77 333
-
pensions
3 550
-
9 696
-
health
623
-
1 469
-
total
4 173
-
11 165
-
Corporate
51 534
88 500
-
-
income

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

9 792
16 815
-
-
total
9 792
16 815
-
-
Dividends
41 742
71 685
-
-
withholding
3 744
13 474
-
-
total
3 744
13 474
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 874
30 289
37 641
29 619
After tax
61 626
58 211
50 859
58 881
Living cost
23 627
23 627
23 627
23 627
Free-cash
37 999
34 584
27 232
35 254

Estimated living cost  is ₴23627 per week

₴17701
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
₴25811
₴30107
₴16429
-₴1548
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
1 191
health
-
-
-
200
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
pensions
-
-
-
8 142
city
-
-
-
932
regional
-
-
-
4 141
total
-
-
-
16 376
Employee
49 171
-
79 213
-
health
111
-
178
-
regional
1 610
-
3 590
-
pensions
4 131
-
6 654
-
city
528
-
851
-
unemployment
-
-
-
-
national
233
-
983
-
total
6 613
-
12 256
-
Employer
49 171
-
79 213
-
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.

983
-
1 584
-
pensions
4 131
-
6 654
-
health
111
-
178
-
unemployment
-
-
-
-
total
5 225
-
8 416
-
Corporate
33 563
88 500
-
-
national
2 853
7 523
-
-
regional
7 099
18 718
-
-
total
9 952
26 241
-
-
Dividends
23 611
62 259
-
-
withholding
8 264
21 790
-
-
total
8 264
21 790
-
-
Income
88 500
88 500
88 500
88 500
Total tax
30 054
48 031
20 672
16 376
After tax
58 446
40 469
67 828
72 124
Living cost
42 017
42 017
42 017
42 017
Free-cash
16 429
-1 548
25 811
30 107

Estimated living cost  is ₴42017 per week

₴27323
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴516
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10407
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴32621
₴21591
₴28337
₴19901
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
11 030
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.

-
-
-
3 554
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.

-
-
-
1 486
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.

-
-
-
27 009
total
-
-
-
43 079
Employee

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

31 262
-
88 500
-
health

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

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

3 554
-
3 554
-
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.

3 676
-
27 009
-
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.

202
-
1 486
-
total
7 432
-
32 049
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 238
88 500
-
-
income
8 586
13 275
-
-
trade
9 816
15 178
-
-
surtax

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

472
730
-
-
chamber of commerce
160
203
-
-
total
19 034
29 386
-
-
Dividends
38 204
59 113
-
-
withholding
9 353
14 581
-
-
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.

514
802
-
-
total
9 867
15 383
-
-
Income
88 500
88 500
88 500
88 500
Total tax
36 333
44 769
32 049
43 079
After tax
52 167
43 731
56 451
45 421
Living cost
23 830
23 830
23 830
23 830
Free-cash
28 337
19 901
32 621
21 591

Estimated living cost  is ₴23830 per week

₴17404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1906
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4210
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31182
₴32126
₴29880
₴26807
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 645
other
-
-
-
2 743
surtax
-
-
-
-
pensions
-
-
-
16 079
social contributions
-
-
-
2 521
income
-
-
-
13 589
total
-
-
-
38 577
Employee
22 263
-
68 751
-
pensions
2 517
-
4 674
-
income
1 314
-
13 141
-
social contributions
635
-
1 958
-
surtax
-
-
-
-
total
4 466
-
19 773
-
Employer
22 263
-
68 751
-
other
768
-
2 636
-
pensions
3 657
-
7 887
-
unemployment
901
-
2 785
-
health
1 559
-
6 234
-
social contributions
67
-
206
-
total
6 952
-
19 748
-
Corporate
59 285
88 500
-
-
income
16 600
24 780
-
-
surtax
-
-
-
-
total
16 600
24 780
-
-
Dividends
42 685
63 720
-
-
withholding
5 464
8 156
-
-
social contributions
7 341
10 960
-
-
surtax
-
-
-
-
total
12 805
19 116
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 823
43 896
39 521
38 577
After tax
47 677
44 604
48 979
49 923
Living cost
17 797
17 797
17 797
17 797
Free-cash
29 880
26 807
31 182
32 126

Estimated living cost  is ₴17797 per week

₴11222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1447
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32945
₴33889
₴31458
₴28570
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 645
other
-
-
-
2 743
surtax
-
-
-
-
pensions
-
-
-
16 079
social contributions
-
-
-
2 521
income
-
-
-
13 589
total
-
-
-
38 577
Employee
19 873
-
68 751
-
pensions
2 248
-
4 674
-
income
1 025
-
13 141
-
social contributions
567
-
1 958
-
surtax
-
-
-
-
total
3 840
-
19 773
-
Employer
19 873
-
68 751
-
other
686
-
2 636
-
pensions
3 265
-
7 887
-
unemployment
805
-
2 785
-
health
1 391
-
6 234
-
social contributions
59
-
206
-
total
6 206
-
19 748
-
Corporate
62 421
88 500
-
-
income
17 478
24 780
-
-
surtax
-
-
-
-
total
17 478
24 780
-
-
Dividends
44 943
63 720
-
-
withholding
5 753
8 156
-
-
social contributions
7 731
10 960
-
-
surtax
-
-
-
-
total
13 484
19 116
-
-
Income
88 500
88 500
88 500
88 500
Total tax
41 008
43 896
39 521
38 577
After tax
47 492
44 604
48 979
49 923
Living cost
16 034
16 034
16 034
16 034
Free-cash
31 458
28 570
32 945
33 889

Estimated living cost  is ₴16034 per week

₴9299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1629
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4802
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44071
₴45804
₴43233
₴42962
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 178
social contributions
-
-
-
12 213
income
-
-
-
13 275
total
-
-
-
31 666
Employee
17 637
-
88 500
-
health
1 231
-
6 178
-
income
2 942
-
15 008
-
social contributions
2 434
-
12 213
-
total
6 607
-
33 399
-
Employer
17 637
-
88 500
-
total
-
-
-
-
Corporate
70 863
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%.

3 543
4 425
-
-
total
3 543
4 425
-
-
Dividends
67 320
84 075
-
-
withholding
10 098
12 612
-
-
social contributions
9 290
11 602
-
-
health
4 699
5 869
-
-
total
24 087
30 083
-
-
Income
88 500
88 500
88 500
88 500
Total tax
34 237
34 508
33 399
31 666
After tax
54 263
53 992
55 101
56 834
Living cost
11 030
11 030
11 030
11 030
Free-cash
43 233
42 962
44 071
45 804

Estimated living cost  is ₴11030 per week

₴7382
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴680
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2714
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5172
₴27085
₴29863
₴30668
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 648
unemployment
-
-
-
3 190
surtax
-
-
-
103
pensions
-
-
-
11 243
income
-
-
-
23 548
chamber of commerce
-
-
-
354
total
-
-
-
43 086
Employee
25 996
20 730
70 218
-
health
1 006
803
2 351
-
pensions
2 662
2 122
6 223
-
income
2 959
1 529
18 650
-
unemployment
780
622
1 823
-
other
260
207
608
-
total
7 667
5 283
29 655
-
Employer
25 996
20 730
70 218
-
chamber of commerce
104
83
281
-
other
1 235
984
3 255
-
accident
338
269
790
-
surtax
103
103
103
-
pensions
3 262
2 602
7 627
-
unemployment
780
622
1 823
-
health
982
784
2 297
-
payroll
780
622
2 107
-
total
7 584
6 069
18 283
-
Corporate
54 921
61 701
68 244
-
income

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

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

13 730
15 425
17 061
-
total
13 730
15 425
17 061
-
Dividends
41 190
46 276
-
-
withholding
11 327
12 726
-
-
total
11 327
12 726
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 308
39 503
64 999
43 086
After tax
48 192
48 997
23 501
45 414
Living cost
18 329
18 329
18 329
18 329
Free-cash
29 863
30 668
5 172
27 085

Estimated living cost  is ₴18329 per week

₴12225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1564
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12368
₴19381
₴22732
₴30536
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
32 652
communal

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

-
-
-
4 532
social contributions
-
-
-
12 969
total
-
-
-
50 153
Employee

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

37 209
-
68 547
-
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.

1 748
-
3 222
-
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.

2 791
-
5 141
-
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.

324
-
596
-
communal

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

1 941
-
3 575
-
national
11 439
-
24 679
-
total
18 243
-
37 213
-
Employer

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

37 209
-
68 547
-
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.

484
-
890
-
surtax
4 219
-
7 773
-
pensions

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

3 297
-
6 073
-
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.

543
-
1 001
-
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.

2 288
-
4 216
-
total
10 831
-
19 953
-
Corporate
40 460
88 500
-
-
income
8 093
17 700
-
-
surtax
162
354
-
-
total
8 255
18 054
-
-
Dividends
32 206
70 445
-
-
withholding

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

9 473
20 944
-
-
total
9 473
20 944
-
-
Income
88 500
88 500
88 500
88 500
Total tax
46 802
38 998
57 166
50 153
After tax
41 698
49 502
31 334
38 347
Living cost
18 966
18 966
18 966
18 966
Free-cash
22 732
30 536
12 368
19 381

Estimated living cost  is ₴18966 per week

₴12217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1658
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28733
₴30916
₴36617
₴40243
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
unemployment
-
-
-
338
pensions
-
-
-
13 644
income
-
-
-
24 334
accident
-
-
-
434
total
-
-
-
38 798
Employee
25 893
-
73 129
-
pensions
1 217
-
2 266
-
income
5 463
-
22 549
-
unemployment
402
-
747
-
other
26
-
48
-
total
7 108
-
25 610
-
Employer
25 893
-
73 129
-
other
206
-
386
-
accident
512
-
955
-
pensions
6 110
-
11 379
-
unemployment
1 424
-
2 651
-
total
8 252
-
15 371
-
Corporate
54 353
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.

8 153
13 275
-
-
total
8 153
13 275
-
-
Dividends
46 201
75 225
-
-
withholding
9 584
16 196
-
-
total
9 584
16 196
-
-
Income
88 500
88 500
88 500
88 500
Total tax
33 097
29 471
40 981
38 798
After tax
55 403
59 029
47 519
49 702
Living cost
18 786
18 786
18 786
18 786
Free-cash
36 617
40 243
28 733
30 916

Estimated living cost  is ₴18786 per week

₴13834
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴19363
₴15836
₴17195
₴23701
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 593
health
-
-
-
6 218
pensions
-
-
-
13 265
surtax
-
-
-
4 388
income
-
-
-
14 185
accident
-
-
-
746
total
-
-
-
44 395
Employee
39 393
-
79 053
-
health
1 753
-
3 517
-
pensions
3 151
-
6 325
-
income
3 805
-
16 733
-
surtax
2 415
-
4 845
-
total
11 124
-
31 420
-
Employer
39 393
-
79 053
-
accident
354
-
712
-
pensions
3 151
-
6 325
-
health
1 201
-
2 411
-
total
4 706
-
9 448
-
Corporate
44 401
88 500
-
-
income
6 660
13 275
-
-
communal
2 997
5 974
-
-
surtax
466
929
-
-
total
10 123
20 178
-
-
Dividends
34 277
68 322
-
-
withholding
5 142
10 248
-
-
income
11 941
6 104
-
-
total
17 083
16 352
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 036
36 530
40 868
44 395
After tax
45 464
51 970
47 632
44 105
Living cost
28 269
28 269
28 269
28 269
Free-cash
17 195
23 701
19 363
15 836

Estimated living cost  is ₴28269 per week

₴21206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1713
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5050
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27034
₴30238
₴42327
₴43983
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 929
other
-
-
-
-
unemployment
-
-
-
118
surtax
-
-
-
3 646
pensions
-
-
-
13 885
income
-
-
-
24 000
total
-
-
-
46 578
Employee
17 518
-
73 886
-
health
447
-
1 770
-
pensions
1 169
-
4 631
-
income
2 937
-
20 890
-
unemployment
1 219
-
4 832
-
surtax
62
-
3 046
-
other
-
-
-
-
total
5 834
-
35 169
-
Employer
17 518
-
73 886
-
other
-
-
-
-
pensions
2 336
-
9 254
-
unemployment
556
-
2 200
-
health
797
-
3 159
-
total
3 689
-
14 613
-
Corporate
67 294
88 500
-
-
income
17 496
23 010
-
-
total
17 496
23 010
-
-
Dividends
49 798
65 490
-
-
withholding
7 470
9 823
-
-
total
7 470
9 823
-
-
Income
88 500
88 500
88 500
88 500
Total tax
34 489
32 833
49 782
46 578
After tax
54 011
55 667
38 718
41 922
Living cost
11 684
11 684
11 684
11 684
Free-cash
42 327
43 983
27 034
30 238

Estimated living cost  is ₴11684 per week

₴7054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1016
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴24198
₴28175
₴31353
₴32504
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
21 691
social contributions
-
-
-
22 762
municipal
-
-
-
526
regional
-
-
-
1 334
total
-
-
-
46 313
Employee
28 855
-
88 500
-
municipal
153
-
469
-
regional
388
-
1 191
-
social contributions
9 730
-
29 842
-
national
4 571
-
18 788
-
total
14 842
-
50 290
-
Employer
28 855
-
88 500
-
total
-
-
-
-
Corporate
59 645
88 500
-
-
municipal
2 964
4 399
-
-
nationa
14 314
21 240
-
-
total
17 278
25 639
-
-
Dividends
42 366
62 861
-
-
withholding
11 015
16 344
-
-
total
11 015
16 344
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 135
41 983
50 290
46 313
After tax
45 365
46 517
38 210
42 187
Living cost
14 012
14 012
14 012
14 012
Free-cash
31 353
32 504
24 198
28 175

Estimated living cost  is ₴14012 per week

₴8714
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1420
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.
₴3639
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29475
₴33298
₴39299
₴44987
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
11 947
social contributions
-
-
-
18 620
income
-
-
-
8 690
solidarity contribution
-
-
-
-
total
-
-
-
39 257
Employee
23 449
-
66 567
-
solidarity contribution
-
-
-
-
health
3 166
-
8 987
-
income
2 814
-
8 015
-
social contributions
1 524
-
4 145
-
total
7 504
-
21 147
-
Employer
23 449
-
66 567
-
health
2 110
-
5 991
-
social contributions
5 862
-
15 942
-
total
7 972
-
21 933
-
Corporate
57 078
88 500
-
-
income
10 845
16 815
-
-
total
10 845
16 815
-
-
Dividends
46 233
71 685
-
-
withholding
6 935
10 753
-
-
total
6 935
10 753
-
-
Income
88 500
88 500
88 500
88 500
Total tax
33 256
27 568
43 080
39 257
After tax
55 244
60 932
45 420
49 243
Living cost
15 945
15 945
15 945
15 945
Free-cash
39 299
44 987
29 475
33 298

Estimated living cost  is ₴15945 per week

₴11858
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.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2928
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴6932
₴28921
₴32198
₴32457
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 648
unemployment
-
-
-
3 190
surtax
-
-
-
-
pensions
-
-
-
11 243
income
-
-
-
23 548
chamber of commerce
-
-
-
354
total
-
-
-
42 983
Employee
22 739
20 730
70 314
-
health
880
803
2 351
-
pensions
2 329
2 122
6 223
-
income
2 026
1 529
18 695
-
unemployment
682
622
1 823
-
other
227
207
608
-
total
6 144
5 283
29 700
-
Employer
22 739
20 730
70 314
-
chamber of commerce
91
83
281
-
other
1 080
984
3 259
-
accident
295
269
790
-
surtax
-
-
-
-
pensions
2 854
2 602
7 627
-
unemployment
682
622
1 823
-
health
860
784
2 297
-
payroll
682
622
2 110
-
total
6 544
5 966
18 187
-
Corporate
59 218
61 804
68 340
-
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.

14 804
15 451
17 085
-
total
14 804
15 451
17 085
-
Dividends
44 414
46 353
-
-
withholding
12 214
12 747
-
-
total
12 214
12 747
-
-
Income
88 500
88 500
88 500
88 500
Total tax
39 706
39 447
64 972
42 983
After tax
48 794
49 053
23 528
45 517
Living cost
16 596
16 596
16 596
16 596
Free-cash
32 198
32 457
6 932
28 921

Estimated living cost  is ₴16596 per week

₴9955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1695
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64052
₴80867
₴76062
₴77327
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
88 500
microenterprise

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

-
-
-
885
total
-
-
-
885
Employee
8 435
-
88 500
-
income
1 687
-
17 700
-
total
1 687
-
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%.

80 065
88 500
-
-
total
-
-
-
-
Dividends
80 065
88 500
-
-
withholding
4 003
4 425
-
-
total
4 003
4 425
-
-
Income
88 500
88 500
88 500
88 500
Total tax
5 690
4 425
17 700
885
After tax
82 810
84 075
70 800
87 615
Living cost
6 748
6 748
6 748
6 748
Free-cash
76 062
77 327
64 052
80 867

Estimated living cost  is ₴6748 per week

₴4567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴283
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.
₴1672
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27085
₴29431
₴42628
₴46980
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
8 708
unemployment
-
-
-
132
pensions
-
-
-
16 162
income
-
-
-
20 115
total
-
-
-
45 117
Employee

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

23 002
-
76 576
-
health
1 486
-
4 948
-
pensions
3 566
-
11 869
-
income
3 967
-
18 614
-
unemployment
33
-
108
-
total
9 052
-
35 539
-
Employer

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

23 002
-
76 576
-
pensions
2 035
-
6 777
-
unemployment
14
-
46
-
health
1 532
-
5 101
-
total
3 581
-
11 924
-
Corporate
61 916
88 500
-
-
income
11 764
16 815
-
-
total
11 764
16 815
-
-
Dividends
50 152
71 685
-
-
withholding
7 523
10 753
-
-
total
7 523
10 753
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 920
27 568
47 463
45 117
After tax
56 580
60 932
41 037
43 383
Living cost
13 952
13 952
13 952
13 952
Free-cash
42 628
46 980
27 085
29 431

Estimated living cost  is ₴13952 per week

₴9575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴894
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3213
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56503
₴36640
₴2290
₴29322
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 089
income
-
-
-
17 250
total
-
-
-
27 339
Employee
35 160
-
-
-
income
7 756
-
-
-
social contributions
2 883
-
411
-
total
10 639
-
411
-
Employer
35 160
-
-
-
social contributions
49 576
-
7 065
-
total
49 576
-
7 065
-
Corporate
3 764
88 500
-
-
income
828
19 470
-
-
total
828
19 470
-
-
Dividends
2 936
69 030
-
-
income
646
15 187
-
-
total
646
15 187
-
-
Income
88 500
88 500
88 500
88 500
Total tax
61 689
34 657
7 476
27 339
After tax
26 811
53 843
81 024
61 161
Living cost
24 521
24 521
24 521
24 521
Free-cash
2 290
29 322
56 503
36 640

Estimated living cost  is ₴24521 per week

₴15910
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2306
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.
₴5992
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24570
₴31220
₴33499
₴34023
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
88 500
surtax
-
-
-
-
social contributions

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

-
-
-
30 753
income
-
-
-
10 211
total
-
-
-
40 964
Employee
23 924
-
71 515
-
income
4 976
-
22 762
-
social contributions
2 632
-
7 867
-
surtax
-
-
-
-
total
7 608
-
30 629
-
Employer
23 924
-
71 515
-
social contributions
5 682
-
16 985
-
total
5 682
-
16 985
-
Corporate
58 894
88 500
-
-
income
12 368
18 585
-
-
surtax
-
-
-
-
total
12 368
18 585
-
-
Dividends
46 526
69 915
-
-
withholding
13 027
19 576
-
-
total
13 027
19 576
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 685
38 161
47 614
40 964
After tax
49 815
50 339
40 886
47 536
Living cost
16 316
16 316
16 316
16 316
Free-cash
33 499
34 023
24 570
31 220

Estimated living cost  is ₴16316 per week

₴12208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴962
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2874
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23855
₴24799
₴23056
₴19480
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 645
other
-
-
-
2 743
surtax
-
-
-
-
pensions
-
-
-
16 079
social contributions
-
-
-
2 521
income
-
-
-
13 589
total
-
-
-
38 577
Employee
32 580
-
68 751
-
pensions
3 685
-
4 674
-
income
2 843
-
13 141
-
social contributions
928
-
1 958
-
surtax
-
-
-
-
total
7 456
-
19 773
-
Employer
32 580
-
68 751
-
other
1 124
-
2 636
-
pensions
5 353
-
7 887
-
unemployment
1 320
-
2 785
-
health
2 280
-
6 234
-
social contributions
98
-
206
-
total
10 175
-
19 748
-
Corporate
45 745
88 500
-
-
income
12 808
24 780
-
-
surtax
-
-
-
-
total
12 808
24 780
-
-
Dividends
32 937
63 720
-
-
withholding
4 216
8 156
-
-
social contributions
5 665
10 960
-
-
surtax
-
-
-
-
total
9 881
19 116
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 320
43 896
39 521
38 577
After tax
48 180
44 604
48 979
49 923
Living cost
25 124
25 124
25 124
25 124
Free-cash
23 056
19 480
23 855
24 799

Estimated living cost  is ₴25124 per week

₴17003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2055
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴345
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5720
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52001
₴49651
₴62266
₴64014
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 469
income
-
-
-
3 744
total
-
-
-
23 213
Employee
16 723
-
76 623
-
social contributions
1 087
-
4 981
-
income
-
-
4 006
-
total
1 087
-
8 987
-
Employer
16 723
-
76 623
-
social contributions
2 592
-
11 876
-
total
2 592
-
11 876
-
Corporate
69 185
88 500
-
-
income
6 919
8 850
-
-
total
6 919
8 850
-
-
Dividends
62 266
79 650
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
10 598
8 850
20 863
23 213
After tax
77 902
79 650
67 637
65 287
Living cost
15 636
15 636
15 636
15 636
Free-cash
62 266
64 014
52 001
49 651

Estimated living cost  is ₴15636 per week

₴10110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1179
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4053
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴24649
₴27356
-₴24649
-₴24649
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 044
national
-
-
-
10 292
pensions
-
-
-
450
municipal
-
-
-
18 347
total
-
-
-
36 133
Employee
105 564
105 564
105 564
-
municipal
22 479
22 479
22 479
-
pensions
150
150
150
-
national
12 897
12 897
12 897
-
labour market
8 433
8 433
8 433
-
total
43 959
43 959
43 959
-
Employer
105 564
105 564
105 564
-
municipal
22 515
22 515
22 515
-
labour market
8 445
8 445
8 445
-
national
12 919
12 919
12 919
-
pensions
300
300
300
-
total
44 179
44 179
44 179
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
88 138
88 138
88 138
36 133
After tax
362
362
362
52 367
Living cost
25 011
25 011
25 011
25 011
Free-cash
-24 649
-24 649
-24 649
27 356

Estimated living cost  is ₴25011 per week

₴17118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2212
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴385
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5296
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36473
₴49075
₴5414
-₴4273
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 151
other
-
-
-
196
pensions
-
-
-
2 196
income
-
-
-
24 308
accident
-
-
-
133
total
-
-
-
27 984
Employee
17 998
-
79 413
-
health
2 061
-
9 093
-
pensions
2 027
-
4 027
-
income
2 469
-
18 379
-
total
6 557
-
31 499
-
Employer
17 998
-
79 413
-
accident
301
-
1 326
-
pensions
2 926
-
5 815
-
unemployment
441
-
1 946
-
total
3 668
-
9 087
-
Corporate
66 834
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.

60 150
79 650
-
-
total
60 150
79 650
-
-
Dividends
6 683
8 850
-
-
withholding
1 270
1 682
-
-
total
1 270
1 682
-
-
Income
88 500
88 500
88 500
88 500
Total tax
71 645
81 332
40 586
27 984
After tax
16 855
7 168
47 914
60 516
Living cost
11 441
11 441
11 441
11 441
Free-cash
5 414
-4 273
36 473
49 075

Estimated living cost  is ₴11441 per week

₴8328
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴652
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26653
₴37564
₴36912
₴35680
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
14 095
health
-
-
-
1 146
municipal
-
-
-
15 724
total
-
-
-
30 965
Employee
27 368
-
74 451
-
health
204
-
930
-
municipal
4 483
-
12 128
-
pensions
1 847
-
5 026
-
unemployment
411
-
1 116
-
national
452
-
8 626
-
total
7 397
-
27 826
-
Employer
27 368
-
74 451
-
accident
28
-
74
-
pensions
4 748
-
12 918
-
unemployment
178
-
484
-
health
210
-
574
-
total
5 164
-
14 050
-
Corporate
55 969
88 500
-
-
income
11 194
17 700
-
-
total
11 194
17 700
-
-
Dividends

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

33 581
53 100
-
-
national
1 818
5 592
-
-
municipal
6 044
9 557
-
-
total
7 862
15 149
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 617
32 849
41 876
30 965
After tax
56 883
55 651
46 624
57 535
Living cost
19 971
19 971
19 971
19 971
Free-cash
36 912
35 680
26 653
37 564

Estimated living cost  is ₴19971 per week

₴13045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1921
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.
₴4688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47814
₴48603
₴49697
₴52527
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 257
social contributions
-
-
-
8 416
income
-
-
-
17 180
total
-
-
-
27 853
Employee
39 999
39 999
82 496
-
health
310
680
1 403
-
income
4 355
3 703
16 757
-
social contributions
1 512
3 320
4 478
-
total
6 177
7 703
22 638
-
Employer
39 999
39 999
82 496
-
health
337
740
1 526
-
social contributions
1 512
3 320
4 478
-
total
1 849
4 060
6 004
-
Corporate
68 430
44 441
-
-
income
8 554
5 555
-
-
total
8 554
5 555
-
-
Dividends
59 876
38 886
-
-
withholding
10 179
6 611
-
-
total
10 179
6 611
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 759
23 929
28 642
27 853
After tax
61 741
64 571
59 858
60 647
Living cost
12 044
12 044
12 044
12 044
Free-cash
49 697
52 527
47 814
48 603

Estimated living cost  is ₴12044 per week

₴7218
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1182
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.
₴3378
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55622
₴66057
₴62382
₴65027
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 882
unemployment
-
-
-
15
pensions
-
-
-
3 309
income
-
-
-
8 978
total
-
-
-
14 184
Employee

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

11 940
-
83 416
-
health
1 015
-
4 195
-
pensions
1 791
-
7 404
-
income
816
-
7 689
-
unemployment
59
-
247
-
total
3 681
-
19 535
-
Employer

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

11 940
-
83 416
-
pensions
656
-
2 715
-
unemployment
59
-
247
-
health
513
-
2 122
-
total
1 228
-
5 084
-
Corporate
75 331
88 500
-
-
income
6 780
7 965
-
-
total
6 780
7 965
-
-
Dividends
68 551
80 535
-
-
withholding
6 170
7 249
-
-
total
6 170
7 249
-
-
Income
88 500
88 500
88 500
88 500
Total tax
17 859
15 214
24 619
14 184
After tax
70 641
73 286
63 881
74 316
Living cost
8 259
8 259
8 259
8 259
Free-cash
62 382
65 027
55 622
66 057

Estimated living cost  is ₴8259 per week

₴5269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2148
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33215
₴35398
₴42427
₴44725
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
unemployment
-
-
-
338
pensions
-
-
-
13 644
income
-
-
-
24 334
accident
-
-
-
434
total
-
-
-
38 798
Employee
19 234
-
73 129
-
pensions
904
-
2 266
-
income
3 708
-
22 549
-
unemployment
298
-
747
-
other
19
-
48
-
total
4 929
-
25 610
-
Employer
19 234
-
73 129
-
other
154
-
386
-
accident
381
-
955
-
pensions
4 539
-
11 379
-
unemployment
1 058
-
2 651
-
total
6 132
-
15 371
-
Corporate
63 134
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.

9 470
13 275
-
-
total
9 470
13 275
-
-
Dividends
53 664
75 225
-
-
withholding
11 238
16 196
-
-
total
11 238
16 196
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 769
29 471
40 981
38 798
After tax
56 731
59 029
47 519
49 702
Living cost
14 304
14 304
14 304
14 304
Free-cash
42 427
44 725
33 215
35 398

Estimated living cost  is ₴14304 per week

₴9655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1375
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55977
₴56042
₴54138
₴54290
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
494
pensions
-
-
-
681
income
-
-
-
30 349
total
-
-
-
31 524
Employee
1 422
-
87 734
-
health
71
-
170
-
pensions
128
-
306
-
income
275
-
30 313
-
unemployment
14
-
34
-
total
488
-
30 823
-
Employer
1 422
-
87 734
-
pensions
156
-
375
-
unemployment
28
-
68
-
health
135
-
323
-
total
319
-
766
-
Corporate
86 758
88 500
-
-
income
19 087
19 470
-
-
total
19 087
19 470
-
-
Dividends
67 671
69 030
-
-
withholding
13 534
13 806
-
-
total
13 534
13 806
-
-
Income
88 500
88 500
88 500
88 500
Total tax
33 428
33 276
31 589
31 524
After tax
55 072
55 224
56 911
56 976
Living cost
934
934
934
934
Free-cash
54 138
54 290
55 977
56 042

Estimated living cost  is ₴934 per week

₴555
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴76
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴282
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45061
₴45061
₴52407
₴54962
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 952
unemployment
-
-
-
576
pensions
-
-
-
9 976
income
-
-
-
19 956
total
-
-
-
34 460
Employee

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

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

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

13 539
-
81 632
-
health
697
-
1 976
-
pensions
1 896
-
5 372
-
income
1 866
-
19 956
-
unemployment
102
-
288
-
total
4 561
-
27 592
-
Employer

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

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

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

13 539
-
81 632
-
pensions
1 625
-
4 604
-
unemployment
102
-
288
-
health
697
-
1 976
-
total
2 424
-
6 868
-
Corporate
72 537
88 500
-
-
income
10 881
13 275
-
-
total
10 881
13 275
-
-
Dividends
61 656
75 225
-
-
withholding
9 248
11 284
-
-
total
9 248
11 284
-
-
Income
88 500
88 500
88 500
88 500
Total tax
27 114
24 559
34 460
34 460
After tax
61 386
63 941
54 040
54 040
Living cost
8 979
8 979
8 979
8 979
Free-cash
52 407
54 962
45 061
45 061

Estimated living cost  is ₴8979 per week

₴6045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴695
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.
₴1979
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26862
₴33512
₴36127
₴36315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
88 500
surtax
-
-
-
-
social contributions

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

-
-
-
30 753
income
-
-
-
10 211
total
-
-
-
40 964
Employee
20 189
-
71 515
-
income
3 945
-
22 762
-
social contributions
2 221
-
7 867
-
surtax
-
-
-
-
total
6 166
-
30 629
-
Employer
20 189
-
71 515
-
social contributions
4 795
-
16 985
-
total
4 795
-
16 985
-
Corporate
63 516
88 500
-
-
income
13 338
18 585
-
-
surtax
-
-
-
-
total
13 338
18 585
-
-
Dividends
50 178
69 915
-
-
withholding
14 050
19 576
-
-
total
14 050
19 576
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 349
38 161
47 614
40 964
After tax
50 151
50 339
40 886
47 536
Living cost
14 024
14 024
14 024
14 024
Free-cash
36 127
36 315
26 862
33 512

Estimated living cost  is ₴14024 per week

₴9933
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴29238
₴31421
₴37297
₴40748
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
unemployment
-
-
-
338
pensions
-
-
-
13 644
income
-
-
-
24 334
accident
-
-
-
434
total
-
-
-
38 798
Employee
25 122
-
73 129
-
pensions
1 181
-
2 266
-
income
5 247
-
22 549
-
unemployment
389
-
747
-
other
25
-
48
-
total
6 842
-
25 610
-
Employer
25 122
-
73 129
-
other
201
-
386
-
accident
498
-
955
-
pensions
5 929
-
11 379
-
unemployment
1 382
-
2 651
-
total
8 010
-
15 371
-
Corporate
55 368
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.

8 305
13 275
-
-
total
8 305
13 275
-
-
Dividends
47 063
75 225
-
-
withholding
9 765
16 196
-
-
total
9 765
16 196
-
-
Income
88 500
88 500
88 500
88 500
Total tax
32 922
29 471
40 981
38 798
After tax
55 578
59 029
47 519
49 702
Living cost
18 281
18 281
18 281
18 281
Free-cash
37 297
40 748
29 238
31 421

Estimated living cost  is ₴18281 per week

₴13129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64745
₴61315
₴63452
₴66647
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 106
unemployment
-
-
-
73
pensions

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

-
-
-
2 711
income
-
-
-
13 275
total
-
-
-
18 165
Employee
11 944
-
84 907
-
health
549
-
843
-
income
1 195
-
8 490
-
pensions

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

1 049
-
1 608
-
accident

We are using the highest rate at 1.1%.

131
-
201
-
total
2 924
-
11 142
-
Employer
11 944
-
84 907
-
accident

We are using the highest rate at 1.1%.

131
-
201
-
pensions

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

1 316
-
2 018
-
unemployment
72
-
110
-
health
824
-
1 264
-
total
2 343
-
3 593
-
Corporate
74 213
88 500
-
-
income
7 421
8 850
-
-
total
7 421
8 850
-
-
Dividends
66 791
79 650
-
-
withholding
3 340
3 983
-
-
total
3 340
3 983
-
-
Income
88 500
88 500
88 500
88 500
Total tax
16 028
12 833
14 735
18 165
After tax
72 472
75 667
73 765
70 335
Living cost
9 020
9 020
9 020
9 020
Free-cash
63 452
66 647
64 745
61 315

Estimated living cost  is ₴9020 per week

₴5966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴516
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36368
₴27139
₴32273
₴25469
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
9 229
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.

-
-
-
3 554
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.

-
-
-
1 486
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.

-
-
-
27 009
total
-
-
-
41 278
Employee

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

25 882
-
88 500
-
health

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

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

3 554
-
3 554
-
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.

2 128
-
27 009
-
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
-
1 486
-
total
5 799
-
32 049
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 618
88 500
-
-
income
9 393
13 275
-
-
trade
8 986
12 700
-
-
surtax

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

516
730
-
-
chamber of commerce
171
208
-
-
total
19 066
26 913
-
-
Dividends
43 552
61 587
-
-
withholding
10 691
15 199
-
-
surtax

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

588
836
-
-
total
11 279
16 035
-
-
Income
88 500
88 500
88 500
88 500
Total tax
36 144
42 948
32 049
41 278
After tax
52 356
45 552
56 451
47 222
Living cost
20 083
20 083
20 083
20 083
Free-cash
32 273
25 469
36 368
27 139

Estimated living cost  is ₴20083 per week

₴13853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3777
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17374
₴17374
₴33467
₴32318
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 692
income
-
-
-
26 802
total
-
-
-
41 494
Employee
40 690
-
88 500
-
social contributions
3 380
-
14 692
-
income
7 678
-
26 802
-
total
11 058
-
41 494
-
Employer
40 690
-
88 500
-
total
-
-
-
-
Corporate
47 810
88 500
-
-
income
5 976
11 063
-
-
total
5 976
11 063
-
-
Dividends
41 834
77 437
-
-
withholding
8 367
15 487
-
-
total
8 367
15 487
-
-
Income
88 500
88 500
88 500
88 500
Total tax
25 401
26 550
41 494
41 494
After tax
63 099
61 950
47 006
47 006
Living cost
29 632
29 632
29 632
29 632
Free-cash
33 467
32 318
17 374
17 374

Estimated living cost  is ₴29632 per week

₴22543
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2415
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4391
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44232
₴51614
₴37712
₴35894
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 196
income
-
-
-
14 807
total
-
-
-
18 003
Employee
23 863
-
86 107
-
social contributions
2 391
-
2 393
-
income
2 589
-
20 599
-
total
4 980
-
22 992
-
Employer
23 863
-
86 107
-
social contributions
2 391
-
2 393
-
total
2 391
-
2 393
-
Corporate
62 246
88 500
-
-
income
21 786
30 975
-
-
total
21 786
30 975
-
-
Dividends
40 460
57 525
-
-
social contributions
2 748
2 748
-
-
total
2 748
2 748
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 905
33 723
25 385
18 003
After tax
56 595
54 777
63 115
70 497
Living cost
18 883
18 883
18 883
18 883
Free-cash
37 712
35 894
44 232
51 614

Estimated living cost  is ₴18883 per week

₴12438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1489
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4666
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31651
₴39673
₴42065
₴39003
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
4 600
income
-
-
-
25 019
total
-
-
-
29 619
Employee
26 366
-
77 333
-
health
344
-
1 131
-
pensions
2 012
-
5 677
-
income
4 801
-
19 668
-
total
7 157
-
26 476
-
Employer
26 366
-
77 333
-
pensions
2 664
-
9 696
-
health
501
-
1 469
-
total
3 165
-
11 165
-
Corporate
58 969
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.

11 204
16 815
-
-
total
11 204
16 815
-
-
Dividends
47 765
71 685
-
-
withholding
5 701
13 474
-
-
total
5 701
13 474
-
-
Income
88 500
88 500
88 500
88 500
Total tax
27 227
30 289
37 641
29 619
After tax
61 273
58 211
50 859
58 881
Living cost
19 208
19 208
19 208
19 208
Free-cash
42 065
39 003
31 651
39 673

Estimated living cost  is ₴19208 per week

₴13177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1766
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.
₴4024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴35340
₴47942
₴5240
-₴5406
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 151
other
-
-
-
196
pensions
-
-
-
2 196
income
-
-
-
24 308
accident
-
-
-
133
total
-
-
-
27 984
Employee
19 780
-
79 413
-
health
2 265
-
9 093
-
pensions
2 227
-
4 027
-
income
2 714
-
18 379
-
total
7 206
-
31 499
-
Employer
19 780
-
79 413
-
accident
330
-
1 326
-
pensions
3 216
-
5 815
-
unemployment
485
-
1 946
-
total
4 031
-
9 087
-
Corporate
64 689
88 500
-
-
income

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

58 220
79 650
-
-
total
58 220
79 650
-
-
Dividends
6 469
8 850
-
-
withholding
1 229
1 682
-
-
total
1 229
1 682
-
-
Income
88 500
88 500
88 500
88 500
Total tax
70 686
81 332
40 586
27 984
After tax
17 814
7 168
47 914
60 516
Living cost
12 574
12 574
12 574
12 574
Free-cash
5 240
-5 406
35 340
47 942

Estimated living cost  is ₴12574 per week

₴9228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴733
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2360
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55519
₴44098
₴65028
₴67458
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
415
unemployment
-
-
-
997
pensions
-
-
-
15 283
income
-
-
-
14 546
health insurance
-
-
-
6 146
total
-
-
-
37 387
Employee

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

11 224
-
88 500
-
health insurance
831
-
3 073
-
pensions
2 065
-
7 641
-
income
1 122
-
14 546
-
unemployment
135
-
498
-
work injury
56
-
208
-
total
4 209
-
25 966
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
77 276
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%.

773
885
-
-
total
773
885
-
-
Dividends
76 503
87 615
-
-
withholding
11 475
13 142
-
-
total
11 475
13 142
-
-
Income
88 500
88 500
88 500
88 500
Total tax
16 457
14 027
25 966
37 387
After tax
72 043
74 473
62 534
51 113
Living cost
7 015
7 015
7 015
7 015
Free-cash
65 028
67 458
55 519
44 098

Estimated living cost  is ₴7015 per week

₴4346
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴510
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1941
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16824
₴20710
₴23527
₴25893
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
21 691
social contributions
-
-
-
22 762
municipal
-
-
-
591
regional
-
-
-
2 023
total
-
-
-
47 067
Employee
43 834
-
88 500
-
municipal
262
-
528
-
regional
662
-
1 795
-
social contributions
14 780
-
29 842
-
national
7 407
-
18 788
-
total
23 111
-
50 953
-
Employer
43 834
-
88 500
-
total
-
-
-
-
Corporate
44 666
88 500
-
-
municipal
2 153
4 265
-
-
nationa
10 720
21 240
-
-
total
12 873
25 505
-
-
Dividends
31 793
62 994
-
-
withholding
8 266
16 379
-
-
total
8 266
16 379
-
-
Income
88 500
88 500
88 500
88 500
Total tax
44 250
41 884
50 953
47 067
After tax
44 250
46 616
37 547
41 433
Living cost
20 723
20 723
20 723
20 723
Free-cash
23 527
25 893
16 824
20 710

Estimated living cost  is ₴20723 per week

₴14556
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1425
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4427
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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