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
₴29211
₴30665
₴34845
₴40875
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 479
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.

-
-
-
1 497
trade
-
-
-
10 210
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.

-
-
-
27 223
total
-
-
-
42 409
Employee

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

19 479
-
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.

3 479
-
3 479
-
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.

544
-
27 223
-
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.

30
-
1 497
-
total
4 053
-
32 199
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 021
88 500
-
-
surtax

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

569
730
-
-
income
10 354
13 275
-
-
chamber of commerce
177
205
-
-
trade
10 871
13 939
-
-
total
21 971
28 149
-
-
Dividends
47 051
60 351
-
-
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.

636
820
-
-
withholding
11 569
14 894
-
-
total
12 205
15 714
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 229
43 863
32 199
42 409
After tax
50 271
44 637
56 301
46 091
Living cost
15 426
15 426
15 426
15 426
Free-cash
34 845
29 211
40 875
30 665

Estimated living cost  is ₴15426 per week

₴9703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1799
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26952
₴24114
₴26483
₴24809
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
social contributions
-
-
-
951
national
-
-
-
14 917
pensions
-
-
-
10 620
municipal
-
-
-
9 626
total
-
-
-
36 114
Employee
43 827
-
76 507
-
municipal
5 413
-
9 969
-
national
8 388
-
15 447
-
pensions
1 753
-
3 060
-
total
15 554
-
28 476
-
Employer
43 827
-
76 507
-
pensions
3 506
-
6 121
-
social contributions
471
-
822
-
total
3 977
-
6 943
-
Corporate
37 804
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%.

7 561
17 700
-
-
total
7 561
17 700
-
-
Dividends
30 243
70 800
-
-
withholding
6 653
15 576
-
-
total
6 653
15 576
-
-
Income
88 500
88 500
88 500
88 500
Total tax
33 745
33 276
35 419
36 114
After tax
54 755
55 224
53 081
52 386
Living cost
28 272
28 272
28 272
28 272
Free-cash
26 483
26 952
24 809
24 114

Estimated living cost  is ₴28272 per week

₴19216
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2628
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴423
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴6005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60205
₴19841
₴56027
₴26443
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
19 513
microenterprise
-
-
-
-
surtax
-
-
-
22 567
income
-
-
-
15 984
total
-
-
-
58 064
Employee
14 881
-
66 557
-
income
2 649
-
13 193
-
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.

1 637
-
6 676
-
surtax
-
-
9 651
-
total
4 286
-
29 520
-
Employer
14 881
-
66 557
-
surtax
-
-
7 321
-
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.

3 585
-
14 621
-
total
3 585
-
21 942
-
Corporate
70 034
88 500
-
-
income

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

14 007
17 700
-
-
total
14 007
17 700
-
-
Dividends

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

56 028
70 800
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
21 878
17 700
51 462
58 064
After tax
66 622
70 800
37 038
30 436
Living cost
10 595
10 595
10 595
10 595
Free-cash
56 027
60 205
26 443
19 841

Estimated living cost  is ₴10595 per week

₴6759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1009
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2586
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22463
₴27609
₴19343
₴33828
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
5 967
health
-
-
-
6 280
income
-
-
-
27 310
total
-
-
-
39 557
Employee
43 490
43 490
79 036
-
health
6 675
5 678
6 280
-
income

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

7 119
7 119
11 627
-
pensions
7 828
5 967
5 967
-
total
21 622
18 764
23 874
-
Employer
43 490
43 490
79 036
-
unemployment
1 566
1 566
1 945
-
pensions
3 027
3 027
3 762
-
health
3 023
3 023
3 757
-
total
7 616
7 616
9 464
-
Corporate
37 928
37 394
-
-
income
7 586
7 479
-
-
total
7 586
7 479
-
-
Dividends
30 342
29 915
-
-
income
6 448
6 357
-
-
withholding
4 551
4 487
-
-
total
10 999
10 844
-
-
Income
88 500
88 500
88 500
88 500
Total tax
47 823
44 703
33 338
39 557
After tax
40 677
43 797
55 162
48 943
Living cost
21 334
21 334
21 334
21 334
Free-cash
19 343
22 463
33 828
27 609

Estimated living cost  is ₴21334 per week

₴15119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1923
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3953
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27686
₴24969
₴27223
₴24468
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 311
unemployment
-
-
-
45
other
-
-
-
5 255
pensions
-
-
-
4 889
health
-
-
-
2 822
accident
-
-
-
90
municipal
-
-
-
22 484
total
-
-
-
42 896
Employee
29 402
-
74 291
-
municipal
8 768
-
22 154
-
national
-
-
7 034
-
total
8 768
-
29 188
-
Employer
29 402
-
74 291
-
unemployment
776
-
1 194
-
pensions
3 178
-
4 889
-
health
1 808
-
2 781
-
other
3 417
-
5 255
-
accident
59
-
90
-
total
9 238
-
14 209
-
Corporate
49 859
88 500
-
-
income
10 969
19 470
-
-
total
10 969
19 470
-
-
Dividends
38 890
69 030
-
-
withholding
11 667
20 709
-
-
total
11 667
20 709
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 642
40 179
43 397
42 896
After tax
47 858
48 321
45 103
45 604
Living cost
20 635
20 635
20 635
20 635
Free-cash
27 223
27 686
24 468
24 969

Estimated living cost  is ₴20635 per week

₴13676
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2025
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.
₴4621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴24176
₴25632
₴31332
₴36295
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 479
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.

-
-
-
1 497
trade
-
-
-
10 663
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.

-
-
-
27 223
total
-
-
-
42 862
Employee

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

25 826
-
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.

3 479
-
3 479
-
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.

2 219
-
27 223
-
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.

122
-
1 497
-
total
5 820
-
32 199
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 674
88 500
-
-
surtax

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

517
730
-
-
income
9 401
13 275
-
-
chamber of commerce
166
203
-
-
trade
10 310
14 559
-
-
total
20 394
28 767
-
-
Dividends
42 280
59 734
-
-
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.

571
811
-
-
withholding
10 377
14 740
-
-
total
10 948
15 551
-
-
Income
88 500
88 500
88 500
88 500
Total tax
37 162
44 318
32 199
42 862
After tax
51 338
44 182
56 301
45 638
Living cost
20 006
20 006
20 006
20 006
Free-cash
31 332
24 176
36 295
25 632

Estimated living cost  is ₴20006 per week

₴13380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2110
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.
₴4218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48048
₴44032
₴45937
₴43250
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 240
health
-
-
-
2 257
income
-
-
-
17 453
total
-
-
-
27 950
Employee
39 161
39 161
82 588
-
health
389
666
1 404
-
income
4 112
3 625
17 032
-
social contributions
1 903
3 250
4 384
-
total
6 404
7 541
22 820
-
Employer
39 161
39 161
82 588
-
health
424
725
1 528
-
social contributions
1 903
3 250
4 384
-
total
2 327
3 975
5 912
-
Corporate
63 250
45 364
-
-
income
7 906
5 670
-
-
total
7 906
5 670
-
-
Dividends
55 343
39 694
-
-
withholding
9 408
6 748
-
-
total
9 408
6 748
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 045
23 934
28 732
27 950
After tax
62 455
64 566
59 768
60 550
Living cost
16 518
16 518
16 518
16 518
Free-cash
45 937
48 048
43 250
44 032

Estimated living cost  is ₴16518 per week

₴11292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1290
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39746
₴51322
₴39954
₴41318
S + D Salary + Dividends

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

Dividends

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

Salary

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

14 415
5 737
74 059
-
health
1 009
402
5 184
-
unemployment
216
86
1 111
-
income
1 762
701
9 054
-
pensions
1 442
574
7 406
-
total
4 429
1 763
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.

14 415
5 737
74 059
-
pensions
2 811
1 119
14 441
-
total
2 811
1 119
14 441
-
Corporate
71 274
81 644
-
-
income
6 415
7 348
-
-
total
6 415
7 348
-
-
Dividends
64 859
74 296
-
-
social contributions
12 582
14 422
-
-
withholding
12 323
14 116
-
-
total
24 905
28 538
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 560
38 768
37 196
27 192
After tax
49 940
49 732
51 304
61 308
Living cost
9 986
9 986
9 986
9 986
Free-cash
39 954
39 746
41 318
51 322

Estimated living cost  is ₴9986 per week

₴6815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴817
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2155
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58499
₴35135
₴55334
₴38709
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
17 700
health
-
-
-
11 505
income
-
-
-
11 859
total
-
-
-
41 064
Employee
14 447
-
66 143
-
unemployment
231
-
1 058
-
income
1 627
-
12 752
-
pensions
289
-
1 323
-
total
2 147
-
15 133
-
Employer
14 447
-
66 143
-
unemployment
116
-
530
-
pensions
2 890
-
13 229
-
health
1 878
-
8 598
-
total
4 884
-
22 357
-
Corporate
69 169
88 500
-
-
income
13 834
17 700
-
-
total
13 834
17 700
-
-
Dividends
55 336
70 800
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
20 865
17 700
37 490
41 064
After tax
67 635
70 800
51 010
47 436
Living cost
12 301
12 301
12 301
12 301
Free-cash
55 334
58 499
38 709
35 135

Estimated living cost  is ₴12301 per week

₴8437
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.
₴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.
₴2884
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3783
₴49544
₴5489
₴37148
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
184
pensions
-
-
-
2 071
health
-
-
-
1 086
accident
-
-
-
126
income
-
-
-
24 537
total
-
-
-
28 004
Employee
17 228
-
79 731
-
health
1 973
-
9 129
-
income
2 363
-
18 704
-
pensions
1 940
-
3 798
-
total
6 276
-
31 631
-
Employer
17 228
-
79 731
-
unemployment
422
-
1 953
-
pensions
2 801
-
5 484
-
accident
288
-
1 332
-
total
3 511
-
8 769
-
Corporate
67 761
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.

60 985
79 650
-
-
total
60 985
79 650
-
-
Dividends
6 776
8 850
-
-
withholding
1 287
1 681
-
-
total
1 287
1 681
-
-
Income
88 500
88 500
88 500
88 500
Total tax
72 059
81 331
40 400
28 004
After tax
16 441
7 169
48 100
60 496
Living cost
10 952
10 952
10 952
10 952
Free-cash
5 489
-3 783
37 148
49 544

Estimated living cost  is ₴10952 per week

₴8027
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴607
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2090
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴79470
₴83010
₴78607
₴66195
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 756
-
88 500
-
income
1 151
-
17 700
-
total
1 151
-
17 700
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

82 744
88 500
-
-
total
-
-
-
-
Dividends
82 744
88 500
-
-
withholding
4 137
4 425
-
-
total
4 137
4 425
-
-
Income
88 500
88 500
88 500
88 500
Total tax
5 288
4 425
17 700
885
After tax
83 212
84 075
70 800
87 615
Living cost
4 605
4 605
4 605
4 605
Free-cash
78 607
79 470
66 195
83 010

Estimated living cost  is ₴4605 per week

₴2854
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴383
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴127
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1242
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51451
₴35705
₴48010
₴36618
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 678
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.

-
-
-
18 587
health
-
-
-
3 408
income
-
-
-
13 552
total
-
-
-
39 225
Employee
18 491
-
70 687
-
health
259
-
990
-
unemployment
185
-
706
-
income
3 183
-
13 856
-
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.

1 294
-
4 948
-
total
4 921
-
20 500
-
Employer
18 491
-
70 687
-
unemployment
185
-
706
-
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.

3 144
-
12 017
-
health
259
-
990
-
other
925
-
3 534
-
accident
148
-
565
-
total
4 661
-
17 812
-
Corporate
65 349
88 500
-
-
income
13 724
18 585
-
-
total
13 724
18 585
-
-
Dividends
51 625
69 915
-
-
withholding
3 614
4 894
-
-
total
3 614
4 894
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 920
23 479
38 312
39 225
After tax
61 580
65 021
50 188
49 275
Living cost
13 570
13 570
13 570
13 570
Free-cash
48 010
51 451
36 618
35 705

Estimated living cost  is ₴13570 per week

₴9588
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴916
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23163
₴23778
₴23844
₴15743
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 654
income
-
-
-
24 838
total
-
-
-
29 492
Employee
49 845
-
77 349
-
health
821
-
1 138
-
income
8 985
-
19 482
-
pensions
4 809
-
5 756
-
total
14 615
-
26 376
-
Employer
49 845
-
77 349
-
pensions
5 885
-
9 681
-
health
947
-
1 470
-
total
6 832
-
11 151
-
Corporate
31 823
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.

6 046
16 815
-
-
total
6 046
16 815
-
-
Dividends
25 777
71 685
-
-
withholding
1 933
13 292
-
-
total
1 933
13 292
-
-
Income
88 500
88 500
88 500
88 500
Total tax
29 426
30 107
37 527
29 492
After tax
59 074
58 393
50 973
59 008
Living cost
35 230
35 230
35 230
35 230
Free-cash
23 844
23 163
15 743
23 778

Estimated living cost  is ₴35230 per week

₴26398
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4139
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4406
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴68988
₴63793
₴66621
₴67249
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
71
pensions

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

-
-
-
2 634
health
-
-
-
2 047
income
-
-
-
13 275
total
-
-
-
18 027
Employee
8 845
-
85 008
-
health
407
-
819
-
income
884
-
8 501
-
accident

We are using the highest rate at 1.1%.

97
-
196
-
pensions

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

777
-
1 563
-
total
2 165
-
11 079
-
Employer
8 845
-
85 008
-
unemployment
53
-
107
-
pensions

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

975
-
1 961
-
health
611
-
1 228
-
accident

We are using the highest rate at 1.1%.

97
-
196
-
total
1 736
-
3 492
-
Corporate
77 919
88 500
-
-
income
7 792
8 850
-
-
total
7 792
8 850
-
-
Dividends
70 127
79 650
-
-
withholding
3 506
3 982
-
-
total
3 506
3 982
-
-
Income
88 500
88 500
88 500
88 500
Total tax
15 199
12 832
14 571
18 027
After tax
73 301
75 668
73 929
70 473
Living cost
6 680
6 680
6 680
6 680
Free-cash
66 621
68 988
67 249
63 793

Estimated living cost  is ₴6680 per week

₴3900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴477
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴177
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15557
₴20703
₴16838
₴26922
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
5 967
health
-
-
-
6 280
income
-
-
-
27 310
total
-
-
-
39 557
Employee
47 216
43 490
79 036
-
health
5 890
5 678
6 280
-
income

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

7 119
7 119
11 627
-
pensions
5 967
5 967
5 967
-
total
18 976
18 764
23 874
-
Employer
47 216
43 490
79 036
-
unemployment
1 700
1 566
1 945
-
pensions
3 286
3 027
3 762
-
health
3 281
3 023
3 757
-
total
8 267
7 616
9 464
-
Corporate
33 017
37 394
-
-
income
6 604
7 479
-
-
total
6 604
7 479
-
-
Dividends
26 413
29 915
-
-
income
5 613
6 357
-
-
withholding
3 962
4 487
-
-
total
9 575
10 844
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 422
44 703
33 338
39 557
After tax
45 078
43 797
55 162
48 943
Living cost
28 240
28 240
28 240
28 240
Free-cash
16 838
15 557
26 922
20 703

Estimated living cost  is ₴28240 per week

₴20832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4563
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48319
₴37030
₴43819
₴33168
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 149
solidarity contribution
-
-
-
-
health
-
-
-
11 947
income
-
-
-
8 761
total
-
-
-
38 857
Employee
18 548
-
66 937
-
health
2 504
-
9 037
-
solidarity contribution
-
-
-
-
income
2 226
-
8 079
-
social contributions
1 206
-
4 040
-
total
5 936
-
21 156
-
Employer
18 548
-
66 937
-
health
1 669
-
6 024
-
social contributions
4 637
-
15 539
-
total
6 306
-
21 563
-
Corporate
63 646
88 500
-
-
income
12 093
16 815
-
-
total
12 093
16 815
-
-
Dividends
51 553
71 685
-
-
withholding
7 733
10 753
-
-
total
7 733
10 753
-
-
Income
88 500
88 500
88 500
88 500
Total tax
32 068
27 568
42 719
38 857
After tax
56 432
60 932
45 781
49 643
Living cost
12 613
12 613
12 613
12 613
Free-cash
43 819
48 319
33 168
37 030

Estimated living cost  is ₴12613 per week

₴8761
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴897
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25729
₴20877
₴23068
₴16878
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
social contributions
-
-
-
22 763
national
-
-
-
21 801
municipal
-
-
-
526
regional
-
-
-
1 043
total
-
-
-
46 133
Employee
45 261
-
88 500
-
municipal
240
-
470
-
regional
427
-
921
-
national
7 843
-
18 899
-
social contributions
15 262
-
29 842
-
total
23 772
-
50 132
-
Employer
45 261
-
88 500
-
total
-
-
-
-
Corporate
43 239
88 500
-
-
nationa
10 378
21 240
-
-
municipal
1 686
3 451
-
-
total
12 064
24 691
-
-
Dividends
31 175
63 809
-
-
withholding
8 106
16 590
-
-
total
8 106
16 590
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 942
41 281
50 132
46 133
After tax
44 558
47 219
38 368
42 367
Living cost
21 490
21 490
21 490
21 490
Free-cash
23 068
25 729
16 878
20 877

Estimated living cost  is ₴21490 per week

₴14980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1409
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4770
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44428
₴30659
₴42846
₴27544
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
116
other
-
-
-
-
pensions
-
-
-
13 594
health
-
-
-
4 825
surtax
-
-
-
3 736
income
-
-
-
24 332
total
-
-
-
46 603
Employee
16 841
-
74 193
-
health
430
-
1 733
-
unemployment
1 172
-
4 731
-
income
2 823
-
21 286
-
other
-
-
-
-
surtax
55
-
3 127
-
pensions
1 123
-
4 534
-
total
5 603
-
35 411
-
Employer
16 841
-
74 193
-
unemployment
533
-
2 154
-
pensions
2 245
-
9 060
-
health
766
-
3 093
-
other
-
-
-
-
total
3 544
-
14 307
-
Corporate
68 114
88 500
-
-
income
17 709
23 010
-
-
total
17 709
23 010
-
-
Dividends
50 405
65 490
-
-
withholding
7 560
9 824
-
-
total
7 560
9 824
-
-
Income
88 500
88 500
88 500
88 500
Total tax
34 416
32 834
49 718
46 603
After tax
54 084
55 666
38 782
41 897
Living cost
11 238
11 238
11 238
11 238
Free-cash
42 846
44 428
27 544
30 659

Estimated living cost  is ₴11238 per week

₴6871
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1037
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3070
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34325
₴34940
₴37806
₴26905
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 654
income
-
-
-
24 838
total
-
-
-
29 492
Employee
33 405
-
77 349
-
health
485
-
1 138
-
income
6 016
-
19 482
-
pensions
2 835
-
5 756
-
total
9 336
-
26 376
-
Employer
33 405
-
77 349
-
pensions
3 616
-
9 681
-
health
635
-
1 470
-
total
4 251
-
11 151
-
Corporate
50 845
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.

9 660
16 815
-
-
total
9 660
16 815
-
-
Dividends
41 185
71 685
-
-
withholding
3 379
13 292
-
-
total
3 379
13 292
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 626
30 107
37 527
29 492
After tax
61 874
58 393
50 973
59 008
Living cost
24 068
24 068
24 068
24 068
Free-cash
37 806
34 325
26 905
34 940

Estimated living cost  is ₴24068 per week

₴18032
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1804
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3980
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴291
₴31178
₴17149
₴26970
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 295
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
-
-
-
933
health
-
-
-
199
regional
-
-
-
4 224
total
-
-
-
16 563
Employee
47 698
-
79 213
-
health
108
-
178
-
unemployment
-
-
-
-
regional
1 562
-
3 655
-
city
512
-
851
-
national
226
-
1 017
-
pensions
4 007
-
6 654
-
total
6 415
-
12 355
-
Employer
47 698
-
79 213
-
unemployment
-
-
-
-
pensions
4 007
-
6 654
-
health
108
-
178
-
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.

954
-
1 584
-
total
5 069
-
8 416
-
Corporate
35 208
88 500
-
-
regional
7 446
18 718
-
-
national
2 993
7 523
-
-
total
10 439
26 241
-
-
Dividends
24 769
62 260
-
-
withholding
8 669
21 791
-
-
total
8 669
21 791
-
-
Income
88 500
88 500
88 500
88 500
Total tax
30 592
48 032
20 771
16 563
After tax
57 908
40 468
67 729
71 937
Living cost
40 759
40 759
40 759
40 759
Free-cash
17 149
-291
26 970
31 178

Estimated living cost  is ₴40759 per week

₴26505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3658
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴500
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10096
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴20397
₴21854
₴28659
₴32971
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 479
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.

-
-
-
1 497
trade
-
-
-
11 117
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.

-
-
-
27 223
total
-
-
-
43 316
Employee

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

30 606
-
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.

3 479
-
3 479
-
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.

3 599
-
27 223
-
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.

198
-
1 497
-
total
7 276
-
32 199
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 894
88 500
-
-
surtax

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

477
730
-
-
income
8 684
13 275
-
-
chamber of commerce
158
202
-
-
trade
9 928
15 178
-
-
total
19 247
29 385
-
-
Dividends
38 645
59 115
-
-
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.

521
802
-
-
withholding
9 467
14 586
-
-
total
9 988
15 388
-
-
Income
88 500
88 500
88 500
88 500
Total tax
36 511
44 773
32 199
43 316
After tax
51 989
43 727
56 301
45 184
Living cost
23 330
23 330
23 330
23 330
Free-cash
28 659
20 397
32 971
21 854

Estimated living cost  is ₴23330 per week

₴17039
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1866
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.
₴4122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27180
₴32468
₴30190
₴31337
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 521
other
-
-
-
2 744
pensions
-
-
-
15 895
health
-
-
-
3 704
surtax
-
-
-
-
income
-
-
-
13 744
total
-
-
-
38 608
Employee
21 796
-
68 643
-
income
1 286
-
13 217
-
social contributions
621
-
1 956
-
surtax
-
-
-
-
pensions
2 464
-
4 709
-
total
4 371
-
19 882
-
Employer
21 796
-
68 643
-
unemployment
882
-
2 780
-
pensions
3 581
-
7 942
-
health
1 526
-
6 278
-
other
752
-
2 651
-
social contributions
66
-
206
-
total
6 807
-
19 857
-
Corporate
59 897
88 500
-
-
surtax
-
-
-
-
income
16 771
24 780
-
-
total
16 771
24 780
-
-
Dividends
43 126
63 720
-
-
social contributions
7 417
10 960
-
-
surtax
-
-
-
-
withholding
5 520
8 156
-
-
total
12 937
19 116
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 886
43 896
39 739
38 608
After tax
47 614
44 604
48 761
49 892
Living cost
17 424
17 424
17 424
17 424
Free-cash
30 190
27 180
31 337
32 468

Estimated living cost  is ₴17424 per week

₴10987
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
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.
₴4725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴28906
₴34194
₴31733
₴33063
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 521
other
-
-
-
2 744
pensions
-
-
-
15 895
health
-
-
-
3 704
surtax
-
-
-
-
income
-
-
-
13 744
total
-
-
-
38 608
Employee
19 456
-
68 643
-
income
1 003
-
13 217
-
social contributions
555
-
1 956
-
surtax
-
-
-
-
pensions
2 201
-
4 709
-
total
3 759
-
19 882
-
Employer
19 456
-
68 643
-
unemployment
788
-
2 780
-
pensions
3 197
-
7 942
-
health
1 362
-
6 278
-
other
672
-
2 651
-
social contributions
58
-
206
-
total
6 077
-
19 857
-
Corporate
62 968
88 500
-
-
surtax
-
-
-
-
income
17 631
24 780
-
-
total
17 631
24 780
-
-
Dividends
45 337
63 720
-
-
social contributions
7 798
10 960
-
-
surtax
-
-
-
-
withholding
5 804
8 156
-
-
total
13 602
19 116
-
-
Income
88 500
88 500
88 500
88 500
Total tax
41 069
43 896
39 739
38 608
After tax
47 431
44 604
48 761
49 892
Living cost
15 698
15 698
15 698
15 698
Free-cash
31 733
28 906
33 063
34 194

Estimated living cost  is ₴15698 per week

₴9104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4702
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43195
₴46035
₴43459
₴44245
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
social contributions
-
-
-
12 213
health
-
-
-
6 178
income
-
-
-
13 275
total
-
-
-
31 666
Employee
17 267
-
88 500
-
health
1 205
-
6 178
-
income
2 880
-
15 065
-
social contributions
2 383
-
12 213
-
total
6 468
-
33 456
-
Employer
17 267
-
88 500
-
total
-
-
-
-
Corporate
71 233
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%.

3 561
4 425
-
-
total
3 561
4 425
-
-
Dividends
67 671
84 075
-
-
social contributions
9 339
11 602
-
-
health
4 723
5 868
-
-
withholding
10 151
12 611
-
-
total
24 213
30 081
-
-
Income
88 500
88 500
88 500
88 500
Total tax
34 242
34 506
33 456
31 666
After tax
54 258
53 994
55 044
56 834
Living cost
10 799
10 799
10 799
10 799
Free-cash
43 459
43 195
44 245
46 035

Estimated living cost  is ₴10799 per week

₴7227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴666
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31031
₴27472
₴30246
₴5532
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
3 124
pensions
-
-
-
11 007
health
-
-
-
4 551
surtax
-
-
-
101
income
-
-
-
23 946
chamber of commerce
-
-
-
354
total
-
-
-
43 083
Employee
25 451
20 295
70 475
-
health
985
786
2 302
-
unemployment
763
609
1 785
-
income
2 897
1 497
19 088
-
other
254
203
595
-
pensions
2 607
2 078
6 092
-
total
7 506
5 173
29 862
-
Employer
25 451
20 295
70 475
-
chamber of commerce
101
81
282
-
unemployment
763
609
1 785
-
pensions
3 194
2 548
7 467
-
health
962
767
2 249
-
other
1 209
964
3 254
-
surtax
101
101
101
-
accident
331
264
773
-
payroll
763
609
2 115
-
total
7 424
5 943
18 026
-
Corporate
55 625
62 263
68 542
-
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.

13 906
15 566
17 135
-
total
13 906
15 566
17 135
-
Dividends
41 718
46 697
-
-
withholding
11 473
12 842
-
-
total
11 473
12 842
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 309
39 524
65 023
43 083
After tax
48 191
48 976
23 477
45 417
Living cost
17 945
17 945
17 945
17 945
Free-cash
30 246
31 031
5 532
27 472

Estimated living cost  is ₴17945 per week

₴11968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1531
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4151
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30928
₴19792
₴23289
₴12659
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
social contributions
-
-
-
12 697
national
-
-
-
32 894
communal

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

-
-
-
4 548
total
-
-
-
50 139
Employee

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

36 429
-
68 545
-
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.

1 712
-
3 222
-
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.

317
-
596
-
communal

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

1 900
-
3 575
-
national
11 200
-
24 785
-
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.

2 732
-
5 141
-
total
17 861
-
37 319
-
Employer

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

36 429
-
68 545
-
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.

532
-
1 001
-
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.

3 228
-
6 073
-
health

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

2 240
-
4 216
-
surtax
4 131
-
7 772
-
accident

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

474
-
891
-
total
10 605
-
19 953
-
Corporate
41 467
88 500
-
-
surtax
166
354
-
-
income
8 293
17 700
-
-
total
8 459
18 054
-
-
Dividends
33 008
70 446
-
-
withholding

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

9 717
20 949
-
-
total
9 717
20 949
-
-
Income
88 500
88 500
88 500
88 500
Total tax
46 642
39 003
57 272
50 139
After tax
41 858
49 497
31 228
38 361
Living cost
18 569
18 569
18 569
18 569
Free-cash
23 289
30 928
12 659
19 792

Estimated living cost  is ₴18569 per week

₴11961
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
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.
₴4694
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40614
₴31288
₴37094
₴29150
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
331
other
-
-
-
47
pensions
-
-
-
13 358
accident
-
-
-
425
income
-
-
-
24 659
total
-
-
-
38 820
Employee
25 350
-
73 451
-
unemployment
393
-
732
-
income
5 349
-
22 911
-
other
25
-
47
-
pensions
1 192
-
2 219
-
total
6 959
-
25 909
-
Employer
25 350
-
73 451
-
unemployment
1 395
-
2 596
-
pensions
5 982
-
11 140
-
other
202
-
378
-
accident
502
-
935
-
total
8 081
-
15 049
-
Corporate
55 069
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.

8 260
13 275
-
-
total
8 260
13 275
-
-
Dividends
46 809
75 225
-
-
withholding
9 714
16 219
-
-
total
9 714
16 219
-
-
Income
88 500
88 500
88 500
88 500
Total tax
33 014
29 494
40 958
38 820
After tax
55 486
59 006
47 542
49 680
Living cost
18 392
18 392
18 392
18 392
Free-cash
37 094
40 614
29 150
31 288

Estimated living cost  is ₴18392 per week

₴13544
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1305
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.
₴3278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24170
₴16214
₴17723
₴19745
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
pensions
-
-
-
13 265
health
-
-
-
6 218
surtax
-
-
-
4 388
communal
-
-
-
5 593
accident
-
-
-
746
income
-
-
-
14 400
total
-
-
-
44 610
Employee
38 567
-
79 054
-
health
1 716
-
3 517
-
income
3 725
-
16 948
-
surtax
2 364
-
4 845
-
pensions
3 085
-
6 324
-
total
10 890
-
31 634
-
Employer
38 567
-
79 054
-
pensions
3 085
-
6 324
-
health
1 176
-
2 410
-
accident
347
-
711
-
total
4 608
-
9 445
-
Corporate
45 325
88 500
-
-
communal
3 060
5 974
-
-
surtax
475
930
-
-
income
6 799
13 275
-
-
total
10 334
20 179
-
-
Dividends
34 991
68 322
-
-
income
12 020
6 227
-
-
withholding
5 249
10 248
-
-
total
17 269
16 475
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 101
36 654
41 079
44 610
After tax
45 399
51 846
47 421
43 890
Living cost
27 676
27 676
27 676
27 676
Free-cash
17 723
24 170
19 745
16 214

Estimated living cost  is ₴27676 per week

₴20761
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1677
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4944
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44227
₴30458
₴42607
₴27343
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
116
other
-
-
-
-
pensions
-
-
-
13 594
health
-
-
-
4 825
surtax
-
-
-
3 736
income
-
-
-
24 332
total
-
-
-
46 603
Employee
17 151
-
74 193
-
health
438
-
1 733
-
unemployment
1 194
-
4 731
-
income
2 875
-
21 286
-
other
-
-
-
-
surtax
61
-
3 127
-
pensions
1 144
-
4 534
-
total
5 712
-
35 411
-
Employer
17 151
-
74 193
-
unemployment
544
-
2 154
-
pensions
2 287
-
9 060
-
health
780
-
3 093
-
other
-
-
-
-
total
3 611
-
14 307
-
Corporate
67 739
88 500
-
-
income
17 612
23 010
-
-
total
17 612
23 010
-
-
Dividends
50 126
65 490
-
-
withholding
7 519
9 824
-
-
total
7 519
9 824
-
-
Income
88 500
88 500
88 500
88 500
Total tax
34 454
32 834
49 718
46 603
After tax
54 046
55 666
38 782
41 897
Living cost
11 439
11 439
11 439
11 439
Free-cash
42 607
44 227
27 343
30 458

Estimated living cost  is ₴11439 per week

₴6906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3273
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32798
₴28357
₴31668
₴24379
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
social contributions
-
-
-
22 763
national
-
-
-
21 801
municipal
-
-
-
526
regional
-
-
-
1 334
total
-
-
-
46 424
Employee
28 250
-
88 500
-
municipal
150
-
470
-
regional
380
-
1 191
-
national
4 476
-
18 899
-
social contributions
9 526
-
29 842
-
total
14 532
-
50 402
-
Employer
28 250
-
88 500
-
total
-
-
-
-
Corporate
60 250
88 500
-
-
nationa
14 460
21 240
-
-
municipal
2 994
4 398
-
-
total
17 454
25 638
-
-
Dividends
42 796
62 862
-
-
withholding
11 127
16 345
-
-
total
11 127
16 345
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 113
41 983
50 402
46 424
After tax
45 387
46 517
38 098
42 076
Living cost
13 719
13 719
13 719
13 719
Free-cash
31 668
32 798
24 379
28 357

Estimated living cost  is ₴13719 per week

₴8532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1390
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3562
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45390
₴34101
₴39844
₴30239
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 149
solidarity contribution
-
-
-
-
health
-
-
-
11 947
income
-
-
-
8 761
total
-
-
-
38 857
Employee
22 856
-
66 937
-
health
3 086
-
9 037
-
solidarity contribution
-
-
-
-
income
2 743
-
8 079
-
social contributions
1 486
-
4 040
-
total
7 315
-
21 156
-
Employer
22 856
-
66 937
-
health
2 057
-
6 024
-
social contributions
5 714
-
15 539
-
total
7 771
-
21 563
-
Corporate
57 873
88 500
-
-
income
10 996
16 815
-
-
total
10 996
16 815
-
-
Dividends
46 877
71 685
-
-
withholding
7 032
10 753
-
-
total
7 032
10 753
-
-
Income
88 500
88 500
88 500
88 500
Total tax
33 114
27 568
42 719
38 857
After tax
55 386
60 932
45 781
49 643
Living cost
15 542
15 542
15 542
15 542
Free-cash
39 844
45 390
30 239
34 101

Estimated living cost  is ₴15542 per week

₴11558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴32784
₴29270
₴32532
₴7255
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
3 124
pensions
-
-
-
11 007
health
-
-
-
4 551
surtax
-
-
-
-
income
-
-
-
23 946
chamber of commerce
-
-
-
354
total
-
-
-
42 982
Employee
22 262
20 295
70 569
-
health
861
786
2 302
-
unemployment
668
609
1 785
-
income
1 983
1 497
19 133
-
other
222
203
595
-
pensions
2 280
2 078
6 092
-
total
6 014
5 173
29 907
-
Employer
22 262
20 295
70 569
-
chamber of commerce
89
81
282
-
unemployment
668
609
1 785
-
pensions
2 794
2 548
7 467
-
health
842
767
2 249
-
other
1 057
964
3 258
-
surtax
-
-
-
-
accident
289
264
773
-
payroll
668
609
2 117
-
total
6 407
5 842
17 931
-
Corporate
59 832
62 363
68 636
-
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.

14 958
15 591
17 159
-
total
14 958
15 591
17 159
-
Dividends
44 874
46 773
-
-
withholding
12 341
12 862
-
-
total
12 341
12 862
-
-
Income
88 500
88 500
88 500
88 500
Total tax
39 720
39 468
64 997
42 982
After tax
48 780
49 032
23 503
45 518
Living cost
16 248
16 248
16 248
16 248
Free-cash
32 532
32 784
7 255
29 270

Estimated living cost  is ₴16248 per week

₴9747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1659
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴76899
₴80439
₴75554
₴63624
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 970
-
88 500
-
income
1 794
-
17 700
-
total
1 794
-
17 700
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

79 530
88 500
-
-
total
-
-
-
-
Dividends
79 530
88 500
-
-
withholding
3 976
4 425
-
-
total
3 976
4 425
-
-
Income
88 500
88 500
88 500
88 500
Total tax
5 770
4 425
17 700
885
After tax
82 730
84 075
70 800
87 615
Living cost
7 176
7 176
7 176
7 176
Free-cash
75 554
76 899
63 624
80 439

Estimated living cost  is ₴7176 per week

₴4856
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴301
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1778
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47272
₴29626
₴43012
₴27281
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
132
pensions
-
-
-
16 162
health
-
-
-
8 708
income
-
-
-
20 212
total
-
-
-
45 214
Employee

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

22 520
-
76 577
-
health
1 454
-
4 946
-
unemployment
32
-
107
-
income
3 884
-
18 713
-
pensions
3 491
-
11 870
-
total
8 861
-
35 636
-
Employer

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

22 520
-
76 577
-
unemployment
14
-
46
-
pensions
1 993
-
6 777
-
health
1 500
-
5 100
-
total
3 507
-
11 923
-
Corporate
62 473
88 500
-
-
income
11 870
16 815
-
-
total
11 870
16 815
-
-
Dividends
50 604
71 685
-
-
withholding
7 590
10 753
-
-
total
7 590
10 753
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 828
27 568
47 559
45 214
After tax
56 672
60 932
40 941
43 286
Living cost
13 660
13 660
13 660
13 660
Free-cash
43 012
47 272
27 281
29 626

Estimated living cost  is ₴13660 per week

₴9375
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴876
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.
₴3146
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29350
₴36668
₴2349
₴56540
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
35 120
-
-
-
income
7 747
-
-
-
social contributions
2 880
-
410
-
total
10 627
-
410
-
Employer
35 120
-
-
-
social contributions
49 519
-
7 057
-
total
49 519
-
7 057
-
Corporate
3 861
88 500
-
-
income
849
19 470
-
-
total
849
19 470
-
-
Dividends
3 012
69 030
-
-
income
663
15 187
-
-
total
663
15 187
-
-
Income
88 500
88 500
88 500
88 500
Total tax
61 658
34 657
7 467
27 339
After tax
26 842
53 843
81 033
61 161
Living cost
24 493
24 493
24 493
24 493
Free-cash
2 349
29 350
56 540
36 668

Estimated living cost  is ₴24493 per week

₴15892
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2304
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.
₴5985
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34365
₴31499
₴33851
₴24790
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
30 754
surtax
-
-
-
-
income
-
-
-
10 273
total
-
-
-
41 027
Employee
23 423
-
71 515
-
income
4 872
-
22 885
-
social contributions
2 577
-
7 867
-
surtax
-
-
-
-
total
7 449
-
30 752
-
Employer
23 423
-
71 515
-
social contributions
5 563
-
16 984
-
total
5 563
-
16 984
-
Corporate
59 514
88 500
-
-
surtax
-
-
-
-
income
12 498
18 585
-
-
total
12 498
18 585
-
-
Dividends
47 016
69 915
-
-
withholding
13 165
19 576
-
-
total
13 165
19 576
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 675
38 161
47 736
41 027
After tax
49 825
50 339
40 764
47 473
Living cost
15 974
15 974
15 974
15 974
Free-cash
33 851
34 365
24 790
31 499

Estimated living cost  is ₴15974 per week

₴11952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴942
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2813
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20007
₴25295
₴23507
₴24164
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 521
other
-
-
-
2 744
pensions
-
-
-
15 895
health
-
-
-
3 704
surtax
-
-
-
-
income
-
-
-
13 744
total
-
-
-
38 608
Employee
31 897
-
68 643
-
income
2 783
-
13 217
-
social contributions
908
-
1 956
-
surtax
-
-
-
-
pensions
3 608
-
4 709
-
total
7 299
-
19 882
-
Employer
31 897
-
68 643
-
unemployment
1 292
-
2 780
-
pensions
5 241
-
7 942
-
health
2 232
-
6 278
-
other
1 101
-
2 651
-
social contributions
96
-
206
-
total
9 962
-
19 857
-
Corporate
46 641
88 500
-
-
surtax
-
-
-
-
income
13 060
24 780
-
-
total
13 060
24 780
-
-
Dividends
33 581
63 720
-
-
social contributions
5 776
10 960
-
-
surtax
-
-
-
-
withholding
4 299
8 156
-
-
total
10 075
19 116
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 396
43 896
39 739
38 608
After tax
48 104
44 604
48 761
49 892
Living cost
24 597
24 597
24 597
24 597
Free-cash
23 507
20 007
24 164
25 295

Estimated living cost  is ₴24597 per week

₴16647
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
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.
₴5601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64341
₴49910
₴62630
₴52261
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 470
income
-
-
-
3 811
total
-
-
-
23 281
Employee
16 373
-
76 623
-
social contributions
1 064
-
4 981
-
income
-
-
4 072
-
total
1 064
-
9 053
-
Employer
16 373
-
76 623
-
social contributions
2 538
-
11 877
-
total
2 538
-
11 877
-
Corporate
69 589
88 500
-
-
income
6 959
8 850
-
-
total
6 959
8 850
-
-
Dividends
62 630
79 650
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
10 561
8 850
20 930
23 281
After tax
77 939
79 650
67 570
65 219
Living cost
15 309
15 309
15 309
15 309
Free-cash
62 630
64 341
52 261
49 910

Estimated living cost  is ₴15309 per week

₴9898
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1154
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3968
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22232
₴27777
-₴22232
-₴22232
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 356
pensions
-
-
-
441
labour market
-
-
-
7 045
municipal
-
-
-
18 405
total
-
-
-
36 247
Employee
103 308
103 308
103 308
-
municipal
21 999
21 999
21 999
-
national
12 621
12 621
12 621
-
labour market
8 253
8 253
8 253
-
pensions
147
147
147
-
total
43 020
43 020
43 020
-
Employer
103 308
103 308
103 308
-
national
12 643
12 643
12 643
-
pensions
294
294
294
-
municipal
22 034
22 034
22 034
-
labour market
8 265
8 265
8 265
-
total
43 236
43 236
43 236
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
86 256
86 256
86 256
36 247
After tax
2 244
2 244
2 244
52 253
Living cost
24 476
24 476
24 476
24 476
Free-cash
-22 232
-22 232
-22 232
27 777

Estimated living cost  is ₴24476 per week

₴16752
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2165
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴376
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5183
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3621
₴49706
₴5514
₴37310
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
184
pensions
-
-
-
2 071
health
-
-
-
1 086
accident
-
-
-
126
income
-
-
-
24 537
total
-
-
-
28 004
Employee
16 974
-
79 731
-
health
1 944
-
9 129
-
income
2 329
-
18 704
-
pensions
1 911
-
3 798
-
total
6 184
-
31 631
-
Employer
16 974
-
79 731
-
unemployment
416
-
1 953
-
pensions
2 760
-
5 484
-
accident
283
-
1 332
-
total
3 459
-
8 769
-
Corporate
68 067
88 500
-
-
income

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

61 260
79 650
-
-
total
61 260
79 650
-
-
Dividends
6 807
8 850
-
-
withholding
1 293
1 681
-
-
total
1 293
1 681
-
-
Income
88 500
88 500
88 500
88 500
Total tax
72 196
81 331
40 400
28 004
After tax
16 304
7 169
48 100
60 496
Living cost
10 790
10 790
10 790
10 790
Free-cash
5 514
-3 621
37 310
49 706

Estimated living cost  is ₴10790 per week

₴7854
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴615
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴35979
₴37706
₴37228
₴26951
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 369
health
-
-
-
1 150
municipal
-
-
-
15 723
total
-
-
-
31 242
Employee
26 794
-
74 451
-
health
200
-
934
-
municipal
4 389
-
12 127
-
unemployment
402
-
1 117
-
national
443
-
8 744
-
pensions
1 808
-
5 026
-
total
7 242
-
27 948
-
Employer
26 794
-
74 451
-
unemployment
174
-
484
-
pensions
4 649
-
12 918
-
health
206
-
573
-
accident
27
-
74
-
total
5 056
-
14 049
-
Corporate
56 651
88 500
-
-
income
11 330
17 700
-
-
total
11 330
17 700
-
-
Dividends

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

33 991
53 100
-
-
national
1 973
5 711
-
-
municipal
6 119
9 558
-
-
total
8 092
15 269
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 720
32 969
41 997
31 242
After tax
56 780
55 531
46 503
57 258
Living cost
19 552
19 552
19 552
19 552
Free-cash
37 228
35 979
26 951
37 706

Estimated living cost  is ₴19552 per week

₴12772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1881
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52775
₴48759
₴50003
₴47977
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 240
health
-
-
-
2 257
income
-
-
-
17 453
total
-
-
-
27 950
Employee
39 161
39 161
82 588
-
health
303
666
1 404
-
income
4 264
3 625
17 032
-
social contributions
1 481
3 250
4 384
-
total
6 048
7 541
22 820
-
Employer
39 161
39 161
82 588
-
health
330
725
1 528
-
social contributions
1 481
3 250
4 384
-
total
1 811
3 975
5 912
-
Corporate
68 851
45 364
-
-
income
8 606
5 670
-
-
total
8 606
5 670
-
-
Dividends
60 245
39 694
-
-
withholding
10 241
6 748
-
-
total
10 241
6 748
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 706
23 934
28 732
27 950
After tax
61 794
64 566
59 768
60 550
Living cost
11 791
11 791
11 791
11 791
Free-cash
50 003
52 775
47 977
48 759

Estimated living cost  is ₴11791 per week

₴7067
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1157
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3307
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65201
₴66322
₴62609
₴56107
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
14
pensions
-
-
-
3 240
health
-
-
-
1 843
income
-
-
-
8 995
total
-
-
-
14 092
Employee

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

11 690
-
83 523
-
health
994
-
4 107
-
unemployment
58
-
242
-
income
799
-
7 732
-
pensions
1 753
-
7 248
-
total
3 604
-
19 329
-
Employer

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

11 690
-
83 523
-
unemployment
58
-
242
-
pensions
643
-
2 658
-
health
503
-
2 078
-
total
1 204
-
4 978
-
Corporate
75 607
88 500
-
-
income
6 805
7 965
-
-
total
6 805
7 965
-
-
Dividends
68 802
80 535
-
-
withholding
6 192
7 248
-
-
total
6 192
7 248
-
-
Income
88 500
88 500
88 500
88 500
Total tax
17 805
15 213
24 307
14 092
After tax
70 695
73 287
64 193
74 408
Living cost
8 086
8 086
8 086
8 086
Free-cash
62 609
65 201
56 107
66 322

Estimated living cost  is ₴8086 per week

₴5159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴583
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45002
₴35676
₴42754
₴33538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
331
other
-
-
-
47
pensions
-
-
-
13 358
accident
-
-
-
425
income
-
-
-
24 659
total
-
-
-
38 820
Employee
18 831
-
73 451
-
unemployment
292
-
732
-
income
3 630
-
22 911
-
other
18
-
47
-
pensions
885
-
2 219
-
total
4 825
-
25 909
-
Employer
18 831
-
73 451
-
unemployment
1 036
-
2 596
-
pensions
4 444
-
11 140
-
other
151
-
378
-
accident
373
-
935
-
total
6 004
-
15 049
-
Corporate
63 666
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.

9 549
13 275
-
-
total
9 549
13 275
-
-
Dividends
54 116
75 225
-
-
withholding
11 364
16 219
-
-
total
11 364
16 219
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 742
29 494
40 958
38 820
After tax
56 758
59 006
47 542
49 680
Living cost
14 004
14 004
14 004
14 004
Free-cash
42 754
45 002
33 538
35 676

Estimated living cost  is ₴14004 per week

₴9453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1346
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴54352
₴56141
₴54209
₴56079
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
636
health
-
-
-
461
income
-
-
-
30 390
total
-
-
-
31 487
Employee
1 329
-
87 784
-
health
66
-
159
-
unemployment
13
-
32
-
income
257
-
30 356
-
pensions
120
-
286
-
total
456
-
30 833
-
Employer
1 329
-
87 784
-
unemployment
27
-
64
-
pensions
146
-
350
-
health
126
-
302
-
total
299
-
716
-
Corporate
86 872
88 500
-
-
income
19 112
19 470
-
-
total
19 112
19 470
-
-
Dividends
67 760
69 030
-
-
withholding
13 552
13 806
-
-
total
13 552
13 806
-
-
Income
88 500
88 500
88 500
88 500
Total tax
33 419
33 276
31 549
31 487
After tax
55 081
55 224
56 951
57 013
Living cost
872
872
872
872
Free-cash
54 209
54 352
56 079
56 141

Estimated living cost  is ₴872 per week

₴518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴71
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴263
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55155
₴45519
₴52657
₴45518
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
563
pensions
-
-
-
9 762
health
-
-
-
3 867
income
-
-
-
20 003
total
-
-
-
34 195
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.

13 248
-
81 779
-
health
682
-
1 934
-
unemployment
99
-
282
-
income
1 826
-
20 003
-
pensions
1 855
-
5 256
-
total
4 462
-
27 475
-
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.

13 248
-
81 779
-
unemployment
99
-
282
-
pensions
1 590
-
4 505
-
health
682
-
1 934
-
total
2 371
-
6 721
-
Corporate
72 880
88 500
-
-
income
10 932
13 275
-
-
total
10 932
13 275
-
-
Dividends
61 948
75 225
-
-
withholding
9 292
11 284
-
-
total
9 292
11 284
-
-
Income
88 500
88 500
88 500
88 500
Total tax
27 057
24 559
34 196
34 195
After tax
61 443
63 941
54 304
54 305
Living cost
8 786
8 786
8 786
8 786
Free-cash
52 657
55 155
45 518
45 519

Estimated living cost  is ₴8786 per week

₴5915
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.
₴1936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴36609
₴33743
₴36425
₴27034
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
30 754
surtax
-
-
-
-
income
-
-
-
10 273
total
-
-
-
41 027
Employee
19 766
-
71 515
-
income
3 862
-
22 885
-
social contributions
2 175
-
7 867
-
surtax
-
-
-
-
total
6 037
-
30 752
-
Employer
19 766
-
71 515
-
social contributions
4 694
-
16 984
-
total
4 694
-
16 984
-
Corporate
64 040
88 500
-
-
surtax
-
-
-
-
income
13 448
18 585
-
-
total
13 448
18 585
-
-
Dividends
50 592
69 915
-
-
withholding
14 166
19 576
-
-
total
14 166
19 576
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 345
38 161
47 736
41 027
After tax
50 155
50 339
40 764
47 473
Living cost
13 730
13 730
13 730
13 730
Free-cash
36 425
36 609
27 034
33 743

Estimated living cost  is ₴13730 per week

₴9724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴954
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2808
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41108
₴31782
₴37762
₴29644
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
331
other
-
-
-
47
pensions
-
-
-
13 358
accident
-
-
-
425
income
-
-
-
24 659
total
-
-
-
38 820
Employee
24 596
-
73 451
-
unemployment
381
-
732
-
income
5 137
-
22 911
-
other
24
-
47
-
pensions
1 156
-
2 219
-
total
6 698
-
25 909
-
Employer
24 596
-
73 451
-
unemployment
1 353
-
2 596
-
pensions
5 804
-
11 140
-
other
197
-
378
-
accident
487
-
935
-
total
7 841
-
15 049
-
Corporate
56 063
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.

8 409
13 275
-
-
total
8 409
13 275
-
-
Dividends
47 654
75 225
-
-
withholding
9 892
16 219
-
-
total
9 892
16 219
-
-
Income
88 500
88 500
88 500
88 500
Total tax
32 840
29 494
40 958
38 820
After tax
55 660
59 006
47 542
49 680
Living cost
17 898
17 898
17 898
17 898
Free-cash
37 762
41 108
29 644
31 782

Estimated living cost  is ₴17898 per week

₴12854
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1392
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴66904
₴61709
₴63796
₴65165
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
71
pensions

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

-
-
-
2 634
health
-
-
-
2 047
income
-
-
-
13 275
total
-
-
-
18 027
Employee
11 605
-
85 008
-
health
534
-
819
-
income
1 161
-
8 501
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
pensions

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

1 019
-
1 563
-
total
2 842
-
11 079
-
Employer
11 605
-
85 008
-
unemployment
70
-
107
-
pensions

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

1 279
-
1 961
-
health
801
-
1 228
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
total
2 278
-
3 492
-
Corporate
74 618
88 500
-
-
income
7 462
8 850
-
-
total
7 462
8 850
-
-
Dividends
67 156
79 650
-
-
withholding
3 358
3 982
-
-
total
3 358
3 982
-
-
Income
88 500
88 500
88 500
88 500
Total tax
15 940
12 832
14 571
18 027
After tax
72 560
75 668
73 929
70 473
Living cost
8 764
8 764
8 764
8 764
Free-cash
63 796
66 904
65 165
61 709

Estimated living cost  is ₴8764 per week

₴5797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴502
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2257
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25887
₴27337
₴32550
₴36639
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 479
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.

-
-
-
1 497
trade
-
-
-
9 302
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.

-
-
-
27 223
total
-
-
-
41 501
Employee

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

25 340
-
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.

3 479
-
3 479
-
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.

2 084
-
27 223
-
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.

115
-
1 497
-
total
5 678
-
32 199
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 160
88 500
-
-
surtax

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

521
730
-
-
income
9 474
13 275
-
-
chamber of commerce
170
207
-
-
trade
9 063
12 700
-
-
total
19 228
26 912
-
-
Dividends
43 932
61 588
-
-
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.

593
836
-
-
withholding
10 789
15 203
-
-
total
11 382
16 039
-
-
Income
88 500
88 500
88 500
88 500
Total tax
36 288
42 951
32 199
41 501
After tax
52 212
45 549
56 301
46 999
Living cost
19 662
19 662
19 662
19 662
Free-cash
32 550
25 887
36 639
27 337

Estimated living cost  is ₴19662 per week

₴13563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2116
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3698
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32939
₴17770
₴34063
₴17770
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 737
income
-
-
-
26 982
total
-
-
-
41 719
Employee
39 837
-
88 500
-
social contributions
3 310
-
14 737
-
income
7 517
-
26 982
-
total
10 827
-
41 719
-
Employer
39 837
-
88 500
-
total
-
-
-
-
Corporate
48 663
88 500
-
-
income
6 083
11 063
-
-
total
6 083
11 063
-
-
Dividends
42 581
77 437
-
-
withholding
8 516
15 487
-
-
total
8 516
15 487
-
-
Income
88 500
88 500
88 500
88 500
Total tax
25 426
26 550
41 719
41 719
After tax
63 074
61 950
46 781
46 781
Living cost
29 011
29 011
29 011
29 011
Free-cash
34 063
32 939
17 770
17 770

Estimated living cost  is ₴29011 per week

₴22071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4299
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36347
₴52218
₴38126
₴44511
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
88 500
income
-
-
-
14 497
health

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

-
-
-
3 298
total
-
-
-
17 795
Employee
23 363
-
86 157
-
social contributions
2 341
-
2 343
-
income
2 535
-
20 816
-
total
4 876
-
23 159
-
Employer
23 363
-
86 157
-
social contributions
2 341
-
2 343
-
total
2 341
-
2 343
-
Corporate
62 797
88 500
-
-
income
21 979
30 975
-
-
total
21 979
30 975
-
-
Dividends
40 818
57 525
-
-
social contributions
2 691
2 691
-
-
total
2 691
2 691
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 887
33 666
25 502
17 795
After tax
56 613
54 834
62 998
70 705
Living cost
18 487
18 487
18 487
18 487
Free-cash
38 126
36 347
44 511
52 218

Estimated living cost  is ₴18487 per week

₴12177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1457
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38827
₴39442
₴41947
₴31407
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 654
income
-
-
-
24 838
total
-
-
-
29 492
Employee
26 858
-
77 349
-
health
350
-
1 138
-
income
4 891
-
19 482
-
pensions
2 050
-
5 756
-
total
7 291
-
26 376
-
Employer
26 858
-
77 349
-
pensions
2 713
-
9 681
-
health
510
-
1 470
-
total
3 223
-
11 151
-
Corporate
58 418
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.

11 100
16 815
-
-
total
11 100
16 815
-
-
Dividends
47 318
71 685
-
-
withholding
5 373
13 292
-
-
total
5 373
13 292
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 987
30 107
37 527
29 492
After tax
61 513
58 393
50 973
59 008
Living cost
19 566
19 566
19 566
19 566
Free-cash
41 947
38 827
31 407
39 442

Estimated living cost  is ₴19566 per week

₴13422
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1799
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4099
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4689
₴48638
₴5350
₴36242
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
184
pensions
-
-
-
2 071
health
-
-
-
1 086
accident
-
-
-
126
income
-
-
-
24 537
total
-
-
-
28 004
Employee
18 654
-
79 731
-
health
2 136
-
9 129
-
income
2 559
-
18 704
-
pensions
2 100
-
3 798
-
total
6 795
-
31 631
-
Employer
18 654
-
79 731
-
unemployment
457
-
1 953
-
pensions
3 033
-
5 484
-
accident
312
-
1 332
-
total
3 802
-
8 769
-
Corporate
66 045
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.

59 440
79 650
-
-
total
59 440
79 650
-
-
Dividends
6 604
8 850
-
-
withholding
1 255
1 681
-
-
total
1 255
1 681
-
-
Income
88 500
88 500
88 500
88 500
Total tax
71 292
81 331
40 400
28 004
After tax
17 208
7 169
48 100
60 496
Living cost
11 858
11 858
11 858
11 858
Free-cash
5 350
-4 689
36 242
48 638

Estimated living cost  is ₴11858 per week

₴8703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴691
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2226
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67594
₴44652
₴65211
₴55849
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health insurance
-
-
-
6 027
unemployment
-
-
-
977
pensions
-
-
-
14 985
income
-
-
-
14 573
work injury
-
-
-
407
total
-
-
-
36 969
Employee

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

11 006
-
88 500
-
work injury
55
-
204
-
health insurance
814
-
3 013
-
unemployment
132
-
489
-
income
1 101
-
14 573
-
pensions
2 025
-
7 493
-
total
4 127
-
25 772
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
77 494
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%.

775
885
-
-
total
775
885
-
-
Dividends
76 719
87 615
-
-
withholding
11 508
13 142
-
-
total
11 508
13 142
-
-
Income
88 500
88 500
88 500
88 500
Total tax
16 410
14 027
25 772
36 969
After tax
72 090
74 473
62 728
51 531
Living cost
6 879
6 879
6 879
6 879
Free-cash
65 211
67 594
55 849
44 652

Estimated living cost  is ₴6879 per week

₴4262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴500
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.
₴1903
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴26328
₴21031
₴24011
₴17146
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
social contributions
-
-
-
22 763
national
-
-
-
21 801
municipal
-
-
-
591
regional
-
-
-
2 026
total
-
-
-
47 181
Employee
42 915
-
88 500
-
municipal
256
-
528
-
regional
648
-
1 797
-
national
7 252
-
18 899
-
social contributions
14 471
-
29 842
-
total
22 627
-
51 066
-
Employer
42 915
-
88 500
-
total
-
-
-
-
Corporate
45 585
88 500
-
-
nationa
10 940
21 240
-
-
municipal
2 197
4 266
-
-
total
13 137
25 506
-
-
Dividends
32 448
62 995
-
-
withholding
8 437
16 378
-
-
total
8 437
16 378
-
-
Income
88 500
88 500
88 500
88 500
Total tax
44 201
41 884
51 066
47 181
After tax
44 299
46 616
37 434
41 319
Living cost
20 288
20 288
20 288
20 288
Free-cash
24 011
26 328
17 146
21 031

Estimated living cost  is ₴20288 per week

₴14251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4335
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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