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
₴34985
₴29432
₴40997
₴30734
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
88 500
trade
-
-
-
10 263
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.

-
-
-
27 367
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.

-
-
-
3 429
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.

-
-
-
1 505
total
-
-
-
42 564
Employee

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

19 196
-
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.

30
-
1 505
-
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.

3 429
-
3 429
-
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.

536
-
27 367
-
total
3 995
-
32 301
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 304
88 500
-
-
trade
10 916
13 939
-
-
income
10 396
13 275
-
-
surtax

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

571
731
-
-
chamber of commerce
176
204
-
-
total
22 059
28 149
-
-
Dividends
47 245
60 352
-
-
withholding
11 620
14 898
-
-
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.

639
819
-
-
total
12 259
15 717
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 313
43 866
32 301
42 564
After tax
50 187
44 634
56 199
45 936
Living cost
15 202
15 202
15 202
15 202
Free-cash
34 985
29 432
40 997
30 734

Estimated living cost  is ₴15202 per week

₴9562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1772
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28926
₴29356
₴26928
₴26368
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 620
municipal
-
-
-
9 685
national
-
-
-
15 008
total
-
-
-
36 264
Employee
40 101
-
76 507
-
national
7 675
-
15 673
-
municipal
4 953
-
10 028
-
pensions
1 604
-
3 060
-
total
14 232
-
28 761
-
Employer
40 101
-
76 507
-
pensions
3 208
-
6 121
-
social contributions
431
-
822
-
total
3 639
-
6 943
-
Corporate
42 114
88 500
-
-
income

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

8 423
17 700
-
-
total
8 423
17 700
-
-
Dividends
33 691
70 800
-
-
withholding
7 412
15 576
-
-
total
7 412
15 576
-
-
Income
88 500
88 500
88 500
88 500
Total tax
33 706
33 276
35 704
36 264
After tax
54 794
55 224
52 796
52 236
Living cost
25 868
25 868
25 868
25 868
Free-cash
28 926
29 356
26 928
26 368

Estimated living cost  is ₴25868 per week

₴17582
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2405
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴387
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5494
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56241
₴60359
₴26753
₴20107
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 229
income
-
-
-
16 155
microenterprise
-
-
-
-
surtax
-
-
-
22 568
total
-
-
-
57 952
Employee
14 665
-
66 749
-
surtax
-
-
9 678
-
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.

1 613
-
6 579
-
income
2 611
-
13 298
-
total
4 224
-
29 555
-
Employer
14 665
-
66 749
-
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.

3 533
-
14 409
-
surtax
-
-
7 342
-
total
3 533
-
21 751
-
Corporate
70 302
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%.

14 061
17 700
-
-
total
14 061
17 700
-
-
Dividends

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

56 242
70 800
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
21 818
17 700
51 306
57 952
After tax
66 682
70 800
37 194
30 548
Living cost
10 441
10 441
10 441
10 441
Free-cash
56 241
60 359
26 753
20 107

Estimated living cost  is ₴10441 per week

₴6661
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.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19717
₴22794
₴34278
₴27828
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
27 578
pensions
-
-
-
5 880
health
-
-
-
6 189
total
-
-
-
39 647
Employee
42 859
42 859
79 173
-
health
6 578
5 595
6 189
-
pensions
7 715
5 880
5 880
-
income

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

7 015
7 015
11 801
-
total
21 308
18 490
23 870
-
Employer
42 859
42 859
79 173
-
pensions
2 983
2 983
3 708
-
unemployment
1 543
1 543
1 917
-
health
2 979
2 979
3 702
-
total
7 505
7 505
9 327
-
Corporate
38 662
38 136
-
-
income
7 733
7 627
-
-
total
7 733
7 627
-
-
Dividends
30 929
30 509
-
-
withholding
4 639
4 576
-
-
income
6 573
6 483
-
-
total
11 212
11 059
-
-
Income
88 500
88 500
88 500
88 500
Total tax
47 758
44 681
33 197
39 647
After tax
40 742
43 819
55 303
48 853
Living cost
21 025
21 025
21 025
21 025
Free-cash
19 717
22 794
34 278
27 828

Estimated living cost  is ₴21025 per week

₴14900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1895
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3895
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27049
₴27516
₴24342
₴24846
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 298
unemployment
-
-
-
46
pensions
-
-
-
4 929
municipal
-
-
-
22 452
accident
-
-
-
91
national
-
-
-
7 188
health
-
-
-
2 845
total
-
-
-
42 849
Employee
29 646
-
74 173
-
national
-
-
6 909
-
municipal
8 840
-
22 118
-
total
8 840
-
29 027
-
Employer
29 646
-
74 173
-
other
3 445
-
5 298
-
accident
59
-
91
-
pensions
3 205
-
4 929
-
unemployment
783
-
1 204
-
health
1 823
-
2 804
-
total
9 315
-
14 326
-
Corporate
49 540
88 500
-
-
income
10 899
19 470
-
-
total
10 899
19 470
-
-
Dividends
38 641
69 030
-
-
withholding
11 592
20 709
-
-
total
11 592
20 709
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 646
40 179
43 353
42 849
After tax
47 854
48 321
45 147
45 651
Living cost
20 805
20 805
20 805
20 805
Free-cash
27 049
27 516
24 342
24 846

Estimated living cost  is ₴20805 per week

₴13789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2042
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31516
₴24463
₴36483
₴25764
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
88 500
trade
-
-
-
10 719
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.

-
-
-
27 367
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.

-
-
-
3 429
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.

-
-
-
1 505
total
-
-
-
43 020
Employee

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

25 452
-
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.

120
-
1 505
-
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.

3 429
-
3 429
-
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.

2 187
-
27 367
-
total
5 736
-
32 301
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 048
88 500
-
-
trade
10 372
14 559
-
-
income
9 458
13 275
-
-
surtax

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

520
731
-
-
chamber of commerce
166
202
-
-
total
20 516
28 767
-
-
Dividends
42 533
59 734
-
-
withholding
10 442
14 743
-
-
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.

574
811
-
-
total
11 016
15 554
-
-
Income
88 500
88 500
88 500
88 500
Total tax
37 268
44 321
32 301
43 020
After tax
51 232
44 179
56 199
45 480
Living cost
19 716
19 716
19 716
19 716
Free-cash
31 516
24 463
36 483
25 764

Estimated living cost  is ₴19716 per week

₴13186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46201
₴48282
₴43428
₴44207
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 120
income
-
-
-
17 638
health
-
-
-
2 256
total
-
-
-
28 014
Employee
38 593
38 593
82 651
-
health
384
656
1 405
-
social contributions
1 875
3 203
4 320
-
income
4 053
3 573
17 219
-
total
6 312
7 432
22 944
-
Employer
38 593
38 593
82 651
-
social contributions
1 875
3 203
4 320
-
health
418
714
1 529
-
total
2 293
3 917
5 849
-
Corporate
63 616
45 990
-
-
income
7 952
5 749
-
-
total
7 952
5 749
-
-
Dividends
55 665
40 241
-
-
withholding
9 463
6 841
-
-
total
9 463
6 841
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 020
23 939
28 793
28 014
After tax
62 480
64 561
59 707
60 486
Living cost
16 279
16 279
16 279
16 279
Free-cash
46 201
48 282
43 428
44 207

Estimated living cost  is ₴16279 per week

₴11128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1271
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3606
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40627
₴40435
₴42019
₴52023
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

The minimum wage is 138,000 HUF per month.

13 403
5 334
74 059
-
unemployment
201
80
1 111
-
health
938
373
5 184
-
pensions
1 340
533
7 406
-
income
1 639
652
9 054
-
total
4 118
1 638
22 755
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 403
5 334
74 059
-
pensions
2 614
1 040
14 441
-
total
2 614
1 040
14 441
-
Corporate
72 483
82 125
-
-
income
6 523
7 391
-
-
total
6 523
7 391
-
-
Dividends
65 959
74 734
-
-
withholding
12 532
14 199
-
-
social contributions
12 801
14 512
-
-
total
25 333
28 711
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 588
38 780
37 196
27 192
After tax
49 912
49 720
51 304
61 308
Living cost
9 285
9 285
9 285
9 285
Free-cash
40 627
40 435
42 019
52 023

Estimated living cost  is ₴9285 per week

₴6336
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴760
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴186
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55559
₴58678
₴38888
₴35314
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
11 859
pensions
-
-
-
17 700
health
-
-
-
11 505
total
-
-
-
41 064
Employee
14 238
-
66 143
-
unemployment
228
-
1 058
-
pensions
285
-
1 323
-
income
1 603
-
12 752
-
total
2 116
-
15 133
-
Employer
14 238
-
66 143
-
pensions
2 848
-
13 229
-
unemployment
114
-
530
-
health
1 851
-
8 598
-
total
4 813
-
22 357
-
Corporate
69 450
88 500
-
-
income
13 890
17 700
-
-
total
13 890
17 700
-
-
Dividends
55 560
70 800
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
20 819
17 700
37 490
41 064
After tax
67 681
70 800
51 010
47 436
Living cost
12 122
12 122
12 122
12 122
Free-cash
55 559
58 678
38 888
35 314

Estimated living cost  is ₴12122 per week

₴8315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴722
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.
₴2842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5434
-₴4132
₴36701
₴49206
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
24 416
pensions
-
-
-
2 137
accident
-
-
-
130
health
-
-
-
1 120
total
-
-
-
27 993
Employee
17 778
-
79 562
-
health
2 036
-
9 110
-
pensions
2 002
-
3 919
-
income
2 439
-
18 532
-
total
6 477
-
31 561
-
Employer
17 778
-
79 562
-
accident
297
-
1 329
-
pensions
2 891
-
5 659
-
unemployment
436
-
1 949
-
total
3 624
-
8 937
-
Corporate
67 099
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.

60 389
79 650
-
-
total
60 389
79 650
-
-
Dividends
6 710
8 850
-
-
withholding
1 275
1 681
-
-
total
1 275
1 681
-
-
Income
88 500
88 500
88 500
88 500
Total tax
71 765
81 331
40 498
27 993
After tax
16 735
7 169
48 002
60 507
Living cost
11 301
11 301
11 301
11 301
Free-cash
5 434
-4 132
36 701
49 206

Estimated living cost  is ₴11301 per week

₴8283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴626
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2157
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴79181
₴79954
₴66679
₴83494
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 151
-
88 500
-
income
1 030
-
17 700
-
total
1 030
-
17 700
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

83 349
88 500
-
-
total
-
-
-
-
Dividends
83 349
88 500
-
-
withholding
4 168
4 425
-
-
total
4 168
4 425
-
-
Income
88 500
88 500
88 500
88 500
Total tax
5 198
4 425
17 700
885
After tax
83 302
84 075
70 800
87 615
Living cost
4 121
4 121
4 121
4 121
Free-cash
79 181
79 954
66 679
83 494

Estimated living cost  is ₴4121 per week

₴2554
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴113
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48259
₴51648
₴36781
₴36151
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 625
income
-
-
-
13 676
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.

-
-
-
18 317
health
-
-
-
3 358
total
-
-
-
38 976
Employee
18 223
-
70 686
-
unemployment
182
-
707
-
health
255
-
990
-
pensions

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

1 275
-
4 949
-
income
3 137
-
13 886
-
total
4 849
-
20 532
-
Employer
18 223
-
70 686
-
other
911
-
3 534
-
accident
146
-
566
-
pensions

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

3 098
-
12 017
-
unemployment
182
-
707
-
health
255
-
990
-
total
4 592
-
17 814
-
Corporate
65 685
88 500
-
-
income
13 794
18 585
-
-
total
13 794
18 585
-
-
Dividends
51 891
69 915
-
-
withholding
3 633
4 894
-
-
total
3 633
4 894
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 868
23 479
38 346
38 976
After tax
61 632
65 021
50 154
49 524
Living cost
13 373
13 373
13 373
13 373
Free-cash
48 259
51 648
36 781
36 151

Estimated living cost  is ₴13373 per week

₴9449
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴903
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.
₴2806
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26488
₴24735
₴17536
₴25538
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
25 452
pensions
-
-
-
4 474
total
-
-
-
29 926
Employee
46 741
-
77 296
-
health
770
-
1 115
-
pensions
4 509
-
5 492
-
income
8 426
-
20 117
-
total
13 705
-
26 724
-
Employer
46 741
-
77 296
-
pensions
5 519
-
9 735
-
health
888
-
1 469
-
total
6 407
-
11 204
-
Corporate
35 352
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.

6 717
16 815
-
-
total
6 717
16 815
-
-
Dividends
28 636
71 685
-
-
withholding
2 147
13 914
-
-
total
2 147
13 914
-
-
Income
88 500
88 500
88 500
88 500
Total tax
28 976
30 729
37 928
29 926
After tax
59 524
57 771
50 572
58 574
Living cost
33 036
33 036
33 036
33 036
Free-cash
26 488
24 735
17 536
25 538

Estimated living cost  is ₴33036 per week

₴24755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3882
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.
₴4132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴66759
₴69091
₴67441
₴63970
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
70
income
-
-
-
13 275
pensions

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

-
-
-
2 593
health
-
-
-
2 015
total
-
-
-
17 953
Employee
8 709
-
85 062
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
health
401
-
806
-
pensions

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

765
-
1 539
-
income
871
-
8 506
-
total
2 133
-
11 044
-
Employer
8 709
-
85 062
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
pensions

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

960
-
1 931
-
unemployment
52
-
105
-
health
601
-
1 209
-
total
1 709
-
3 438
-
Corporate
78 082
88 500
-
-
income
7 808
8 850
-
-
total
7 808
8 850
-
-
Dividends
70 274
79 650
-
-
withholding
3 514
3 982
-
-
total
3 514
3 982
-
-
Income
88 500
88 500
88 500
88 500
Total tax
15 164
12 832
14 482
17 953
After tax
73 336
75 668
74 018
70 547
Living cost
6 577
6 577
6 577
6 577
Free-cash
66 759
69 091
67 441
63 970

Estimated living cost  is ₴6577 per week

₴3840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴470
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17252
₴15989
₴27473
₴21023
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
27 578
pensions
-
-
-
5 880
health
-
-
-
6 189
total
-
-
-
39 647
Employee
46 531
42 859
79 173
-
health
5 805
5 595
6 189
-
pensions
5 880
5 880
5 880
-
income

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

7 015
7 015
11 801
-
total
18 700
18 490
23 870
-
Employer
46 531
42 859
79 173
-
pensions
3 238
2 983
3 708
-
unemployment
1 675
1 543
1 917
-
health
3 233
2 979
3 702
-
total
8 146
7 505
9 327
-
Corporate
33 822
38 136
-
-
income
6 764
7 627
-
-
total
6 764
7 627
-
-
Dividends
27 058
30 509
-
-
withholding
4 058
4 576
-
-
income
5 750
6 483
-
-
total
9 808
11 059
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 418
44 681
33 197
39 647
After tax
45 082
43 819
55 303
48 853
Living cost
27 830
27 830
27 830
27 830
Free-cash
17 252
15 989
27 473
21 023

Estimated living cost  is ₴27830 per week

₴20529
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44022
₴48468
₴33483
₴37360
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 935
income
-
-
-
8 793
health
-
-
-
11 948
solidarity contribution
-
-
-
-
total
-
-
-
38 676
Employee
18 329
-
67 105
-
solidarity contribution
-
-
-
-
health
2 474
-
9 059
-
social contributions
1 191
-
3 992
-
income
2 200
-
8 108
-
total
5 865
-
21 159
-
Employer
18 329
-
67 105
-
social contributions
4 582
-
15 355
-
health
1 650
-
6 039
-
total
6 232
-
21 394
-
Corporate
63 939
88 500
-
-
income
12 148
16 815
-
-
total
12 148
16 815
-
-
Dividends
51 790
71 685
-
-
withholding
7 769
10 753
-
-
total
7 769
10 753
-
-
Income
88 500
88 500
88 500
88 500
Total tax
32 014
27 568
42 553
38 676
After tax
56 486
60 932
45 947
49 824
Living cost
12 464
12 464
12 464
12 464
Free-cash
44 022
48 468
33 483
37 360

Estimated living cost  is ₴12464 per week

₴8658
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴887
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.
₴2675
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23420
₴26040
₴17115
₴21113
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
regional
-
-
-
1 045
social contributions
-
-
-
22 762
municipal
-
-
-
526
national
-
-
-
21 876
total
-
-
-
46 209
Employee
44 604
-
88 500
-
national
7 729
-
18 973
-
regional
421
-
922
-
municipal
236
-
470
-
social contributions
15 041
-
29 842
-
total
23 427
-
50 207
-
Employer
44 604
-
88 500
-
total
-
-
-
-
Corporate
43 896
88 500
-
-
nationa
10 535
21 240
-
-
municipal
1 711
3 452
-
-
total
12 246
24 692
-
-
Dividends
31 649
63 809
-
-
withholding
8 229
16 590
-
-
total
8 229
16 590
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 902
41 282
50 207
46 209
After tax
44 598
47 218
38 293
42 291
Living cost
21 178
21 178
21 178
21 178
Free-cash
23 420
26 040
17 115
21 113

Estimated living cost  is ₴21178 per week

₴14763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4701
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43030
₴44592
₴27735
₴30804
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
114
income
-
-
-
24 557
pensions
-
-
-
13 397
health
-
-
-
4 755
surtax
-
-
-
3 798
total
-
-
-
46 621
Employee
16 597
-
74 400
-
surtax
54
-
3 197
-
unemployment
1 155
-
4 662
-
other
-
-
-
-
health
424
-
1 708
-
pensions
1 107
-
4 468
-
income
2 782
-
21 555
-
total
5 522
-
35 590
-
Employer
16 597
-
74 400
-
other
-
-
-
-
pensions
2 212
-
8 929
-
unemployment
526
-
2 123
-
health
755
-
3 048
-
total
3 493
-
14 100
-
Corporate
68 409
88 500
-
-
income
17 786
23 010
-
-
total
17 786
23 010
-
-
Dividends
50 623
65 490
-
-
withholding
7 594
9 823
-
-
total
7 594
9 823
-
-
Income
88 500
88 500
88 500
88 500
Total tax
34 395
32 833
49 690
46 621
After tax
54 105
55 667
38 810
41 879
Living cost
11 075
11 075
11 075
11 075
Free-cash
43 030
44 592
27 735
30 804

Estimated living cost  is ₴11075 per week

₴6772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1022
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3026
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38463
₴35202
₴28003
₴36005
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
25 452
pensions
-
-
-
4 474
total
-
-
-
29 926
Employee
31 325
-
77 296
-
health
455
-
1 115
-
pensions
2 659
-
5 492
-
income
5 642
-
20 117
-
total
8 756
-
26 724
-
Employer
31 325
-
77 296
-
pensions
3 391
-
9 735
-
health
595
-
1 469
-
total
3 986
-
11 204
-
Corporate
53 189
88 500
-
-
income

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

10 106
16 815
-
-
total
10 106
16 815
-
-
Dividends
43 083
71 685
-
-
withholding
4 620
13 914
-
-
total
4 620
13 914
-
-
Income
88 500
88 500
88 500
88 500
Total tax
27 468
30 729
37 928
29 926
After tax
61 032
57 771
50 572
58 574
Living cost
22 569
22 569
22 569
22 569
Free-cash
38 463
35 202
28 003
36 005

Estimated living cost  is ₴22569 per week

₴16909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴17701
₴672
₴27860
₴31994
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
1 770
city
-
-
-
933
regional
-
-
-
4 291
pensions
-
-
-
8 141
national
-
-
-
1 375
health
-
-
-
199
total
-
-
-
16 709
Employee
46 573
-
79 214
-
national
220
-
1 043
-
unemployment
-
-
-
-
city
500
-
851
-
regional
1 525
-
3 703
-
health
105
-
178
-
pensions
3 913
-
6 653
-
total
6 263
-
12 428
-
Employer
46 573
-
79 214
-
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.

931
-
1 584
-
pensions
3 913
-
6 653
-
unemployment
-
-
-
-
health
105
-
178
-
total
4 949
-
8 415
-
Corporate
36 465
88 500
-
-
regional
7 712
18 718
-
-
national
3 099
7 522
-
-
total
10 811
26 240
-
-
Dividends
25 654
62 260
-
-
withholding
8 979
21 791
-
-
total
8 979
21 791
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 002
48 031
20 843
16 709
After tax
57 498
40 469
67 657
71 791
Living cost
39 797
39 797
39 797
39 797
Free-cash
17 701
672
27 860
31 994

Estimated living cost  is ₴39797 per week

₴25880
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴489
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴28872
₴20733
₴33207
₴22031
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
88 500
trade
-
-
-
11 176
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.

-
-
-
27 367
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.

-
-
-
3 429
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.

-
-
-
1 505
total
-
-
-
43 477
Employee

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

30 162
-
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.

195
-
1 505
-
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.

3 429
-
3 429
-
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.

3 547
-
27 367
-
total
7 171
-
32 301
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58 338
88 500
-
-
trade
10 005
15 178
-
-
income
8 751
13 275
-
-
surtax

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

481
731
-
-
chamber of commerce
158
201
-
-
total
19 395
29 385
-
-
Dividends
38 943
59 116
-
-
withholding
9 545
14 588
-
-
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.

525
802
-
-
total
10 070
15 390
-
-
Income
88 500
88 500
88 500
88 500
Total tax
36 636
44 775
32 301
43 477
After tax
51 864
43 725
56 199
45 023
Living cost
22 992
22 992
22 992
22 992
Free-cash
28 872
20 733
33 207
22 031

Estimated living cost  is ₴22992 per week

₴16792
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1839
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.
₴4062
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30396
₴27432
₴31443
₴32700
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 744
social contributions
-
-
-
2 521
income
-
-
-
13 848
pensions
-
-
-
15 771
health
-
-
-
3 745
surtax
-
-
-
-
total
-
-
-
38 629
Employee
21 480
-
68 571
-
surtax
-
-
-
-
pensions
2 429
-
4 735
-
social contributions
612
-
1 954
-
income
1 268
-
13 267
-
total
4 309
-
19 956
-
Employer
21 480
-
68 571
-
other
741
-
2 661
-
pensions
3 529
-
7 979
-
unemployment
870
-
2 777
-
social contributions
65
-
206
-
health
1 504
-
6 307
-
total
6 709
-
19 930
-
Corporate
60 312
88 500
-
-
income
16 887
24 780
-
-
surtax
-
-
-
-
total
16 887
24 780
-
-
Dividends
43 425
63 720
-
-
withholding
5 558
8 157
-
-
social contributions
7 470
10 960
-
-
surtax
-
-
-
-
total
13 028
19 117
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 933
43 897
39 886
38 629
After tax
47 567
44 603
48 614
49 871
Living cost
17 171
17 171
17 171
17 171
Free-cash
30 396
27 432
31 443
32 700

Estimated living cost  is ₴17171 per week

₴10827
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.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31922
₴29133
₴33144
₴34401
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 744
social contributions
-
-
-
2 521
income
-
-
-
13 848
pensions
-
-
-
15 771
health
-
-
-
3 745
surtax
-
-
-
-
total
-
-
-
38 629
Employee
19 174
-
68 571
-
surtax
-
-
-
-
pensions
2 169
-
4 735
-
social contributions
547
-
1 954
-
income
989
-
13 267
-
total
3 705
-
19 956
-
Employer
19 174
-
68 571
-
other
662
-
2 661
-
pensions
3 151
-
7 979
-
unemployment
776
-
2 777
-
social contributions
57
-
206
-
health
1 342
-
6 307
-
total
5 988
-
19 930
-
Corporate
63 338
88 500
-
-
income
17 735
24 780
-
-
surtax
-
-
-
-
total
17 735
24 780
-
-
Dividends
45 603
63 720
-
-
withholding
5 837
8 157
-
-
social contributions
7 843
10 960
-
-
surtax
-
-
-
-
total
13 680
19 117
-
-
Income
88 500
88 500
88 500
88 500
Total tax
41 108
43 897
39 886
38 629
After tax
47 392
44 603
48 614
49 871
Living cost
15 470
15 470
15 470
15 470
Free-cash
31 922
29 133
33 144
34 401

Estimated living cost  is ₴15470 per week

₴8972
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1571
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.
₴4634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43611
₴43351
₴44365
₴46193
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
social contributions
-
-
-
12 213
income
-
-
-
13 275
health
-
-
-
6 177
total
-
-
-
31 665
Employee
17 017
-
88 500
-
health
1 188
-
6 177
-
social contributions
2 349
-
12 213
-
income
2 838
-
15 103
-
total
6 375
-
33 493
-
Employer
17 017
-
88 500
-
total
-
-
-
-
Corporate
71 483
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%.

3 574
4 425
-
-
total
3 574
4 425
-
-
Dividends
67 909
84 075
-
-
health
4 740
5 869
-
-
withholding
10 186
12 611
-
-
social contributions
9 372
11 602
-
-
total
24 298
30 082
-
-
Income
88 500
88 500
88 500
88 500
Total tax
34 247
34 507
33 493
31 665
After tax
54 253
53 993
55 007
56 835
Living cost
10 642
10 642
10 642
10 642
Free-cash
43 611
43 351
44 365
46 193

Estimated living cost  is ₴10642 per week

₴7122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴656
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.
₴2618
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴30507
₴31281
₴5776
₴27739
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
354
unemployment
-
-
-
3 078
income
-
-
-
24 214
pensions
-
-
-
10 847
health
-
-
-
4 485
surtax
-
-
-
99
total
-
-
-
43 077
Employee
25 082
20 001
70 650
-
unemployment
752
600
1 759
-
other
250
200
587
-
health
971
774
2 269
-
pensions
2 569
2 048
6 004
-
income
2 855
1 475
19 386
-
total
7 397
5 097
30 005
-
Employer
25 082
20 001
70 650
-
payroll
752
600
2 119
-
other
1 191
950
3 253
-
accident
326
260
762
-
pensions
3 148
2 511
7 358
-
unemployment
752
600
1 759
-
chamber of commerce
100
80
283
-
surtax
99
99
99
-
health
948
756
2 216
-
total
7 316
5 856
17 849
-
Corporate
56 102
62 644
68 745
-
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.

14 025
15 661
17 186
-
total
14 025
15 661
17 186
-
Dividends
42 076
46 983
-
-
withholding
11 571
12 921
-
-
total
11 571
12 921
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 309
39 535
65 040
43 077
After tax
48 191
48 965
23 460
45 423
Living cost
17 684
17 684
17 684
17 684
Free-cash
30 507
31 281
5 776
27 739

Estimated living cost  is ₴17684 per week

₴11795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1509
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.
₴4091
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23669
₴31196
₴12855
₴20070
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 513
national
-
-
-
33 059
communal

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

-
-
-
4 559
total
-
-
-
50 131
Employee

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

35 900
-
68 545
-
national
11 037
-
24 858
-
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.

312
-
596
-
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.

1 687
-
3 222
-
pensions

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

2 692
-
5 141
-
communal

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

1 872
-
3 575
-
total
17 600
-
37 392
-
Employer

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

35 900
-
68 545
-
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.

467
-
891
-
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.

3 181
-
6 073
-
unemployment

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

524
-
1 001
-
surtax
4 071
-
7 774
-
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.

2 208
-
4 215
-
total
10 451
-
19 954
-
Corporate
42 150
88 500
-
-
income
8 430
17 700
-
-
surtax
169
354
-
-
total
8 599
18 054
-
-
Dividends
33 551
70 446
-
-
withholding

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

9 882
20 951
-
-
total
9 882
20 951
-
-
Income
88 500
88 500
88 500
88 500
Total tax
46 532
39 005
57 346
50 131
After tax
41 968
49 495
31 154
38 369
Living cost
18 299
18 299
18 299
18 299
Free-cash
23 669
31 196
12 855
20 070

Estimated living cost  is ₴18299 per week

₴11787
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1600
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4626
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37420
₴40865
₴29433
₴31539
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
24 880
pensions
-
-
-
13 164
accident
-
-
-
419
total
-
-
-
38 836
Employee
24 983
-
73 670
-
unemployment
388
-
721
-
other
25
-
47
-
pensions
1 174
-
2 187
-
income
5 271
-
23 157
-
total
6 858
-
26 112
-
Employer
24 983
-
73 670
-
other
199
-
372
-
accident
494
-
921
-
pensions
5 895
-
10 979
-
unemployment
1 374
-
2 558
-
total
7 962
-
14 830
-
Corporate
55 554
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.

8 333
13 275
-
-
total
8 333
13 275
-
-
Dividends
47 222
75 225
-
-
withholding
9 802
16 235
-
-
total
9 802
16 235
-
-
Income
88 500
88 500
88 500
88 500
Total tax
32 955
29 510
40 942
38 836
After tax
55 545
58 990
47 558
49 664
Living cost
18 125
18 125
18 125
18 125
Free-cash
37 420
40 865
29 433
31 539

Estimated living cost  is ₴18125 per week

₴13347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1286
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.
₴3231
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18081
₴24488
₴19998
₴16470
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
14 545
pensions
-
-
-
13 265
accident
-
-
-
746
communal
-
-
-
5 594
health
-
-
-
6 218
surtax
-
-
-
4 388
total
-
-
-
44 756
Employee
38 007
-
79 053
-
surtax
2 330
-
4 845
-
health
1 691
-
3 518
-
pensions
3 040
-
6 324
-
income
3 671
-
17 094
-
total
10 732
-
31 781
-
Employer
38 007
-
79 053
-
accident
342
-
711
-
pensions
3 040
-
6 324
-
health
1 159
-
2 412
-
total
4 541
-
9 447
-
Corporate
45 952
88 500
-
-
income
6 893
13 275
-
-
communal
3 102
5 974
-
-
surtax
483
930
-
-
total
10 478
20 179
-
-
Dividends
35 474
68 322
-
-
withholding
5 321
10 248
-
-
income
12 073
6 311
-
-
total
17 394
16 559
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 145
36 738
41 228
44 756
After tax
45 355
51 762
47 272
43 744
Living cost
27 274
27 274
27 274
27 274
Free-cash
18 081
24 488
19 998
16 470

Estimated living cost  is ₴27274 per week

₴20460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1652
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4873
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴42798
₴44394
₴27537
₴30606
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
114
income
-
-
-
24 557
pensions
-
-
-
13 397
health
-
-
-
4 755
surtax
-
-
-
3 798
total
-
-
-
46 621
Employee
16 902
-
74 400
-
surtax
60
-
3 197
-
unemployment
1 176
-
4 662
-
other
-
-
-
-
health
431
-
1 708
-
pensions
1 128
-
4 468
-
income
2 833
-
21 555
-
total
5 628
-
35 590
-
Employer
16 902
-
74 400
-
other
-
-
-
-
pensions
2 253
-
8 929
-
unemployment
536
-
2 123
-
health
769
-
3 048
-
total
3 558
-
14 100
-
Corporate
68 040
88 500
-
-
income
17 690
23 010
-
-
total
17 690
23 010
-
-
Dividends
50 350
65 490
-
-
withholding
7 553
9 823
-
-
total
7 553
9 823
-
-
Income
88 500
88 500
88 500
88 500
Total tax
34 429
32 833
49 690
46 621
After tax
54 071
55 667
38 810
41 879
Living cost
11 273
11 273
11 273
11 273
Free-cash
42 798
44 394
27 537
30 606

Estimated living cost  is ₴11273 per week

₴6806
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴980
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3226
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31883
₴32998
₴24504
₴28481
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
regional
-
-
-
1 335
social contributions
-
-
-
22 762
municipal
-
-
-
526
national
-
-
-
21 876
total
-
-
-
46 499
Employee
27 840
-
88 500
-
national
4 411
-
18 973
-
regional
375
-
1 191
-
municipal
148
-
470
-
social contributions
9 388
-
29 842
-
total
14 322
-
50 476
-
Employer
27 840
-
88 500
-
total
-
-
-
-
Corporate
60 660
88 500
-
-
nationa
14 559
21 240
-
-
municipal
3 014
4 398
-
-
total
17 573
25 638
-
-
Dividends
43 087
62 862
-
-
withholding
11 202
16 344
-
-
total
11 202
16 344
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 097
41 982
50 476
46 499
After tax
45 403
46 518
38 024
42 001
Living cost
13 520
13 520
13 520
13 520
Free-cash
31 883
32 998
24 504
28 481

Estimated living cost  is ₴13520 per week

₴8408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40094
₴45573
₴30588
₴34465
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 935
income
-
-
-
8 793
health
-
-
-
11 948
solidarity contribution
-
-
-
-
total
-
-
-
38 676
Employee
22 586
-
67 105
-
solidarity contribution
-
-
-
-
health
3 049
-
9 059
-
social contributions
1 468
-
3 992
-
income
2 710
-
8 108
-
total
7 227
-
21 159
-
Employer
22 586
-
67 105
-
social contributions
5 647
-
15 355
-
health
2 033
-
6 039
-
total
7 680
-
21 394
-
Corporate
58 234
88 500
-
-
income
11 065
16 815
-
-
total
11 065
16 815
-
-
Dividends
47 170
71 685
-
-
withholding
7 075
10 753
-
-
total
7 075
10 753
-
-
Income
88 500
88 500
88 500
88 500
Total tax
33 047
27 568
42 553
38 676
After tax
55 453
60 932
45 947
49 824
Living cost
15 359
15 359
15 359
15 359
Free-cash
40 094
45 573
30 588
34 465

Estimated living cost  is ₴15359 per week

₴11422
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32759
₴33008
₴7473
₴29510
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
354
unemployment
-
-
-
3 078
income
-
-
-
24 214
pensions
-
-
-
10 847
health
-
-
-
4 485
surtax
-
-
-
-
total
-
-
-
42 978
Employee
21 939
20 001
70 742
-
unemployment
658
600
1 759
-
other
219
200
587
-
health
849
774
2 269
-
pensions
2 247
2 048
6 004
-
income
1 954
1 475
19 430
-
total
5 927
5 097
30 049
-
Employer
21 939
20 001
70 742
-
payroll
658
600
2 122
-
other
1 042
950
3 257
-
accident
285
260
762
-
pensions
2 753
2 511
7 358
-
unemployment
658
600
1 759
-
chamber of commerce
88
80
283
-
surtax
-
-
-
-
health
830
756
2 216
-
total
6 314
5 757
17 757
-
Corporate
60 248
62 743
68 837
-
income

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

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

15 062
15 685
17 209
-
total
15 062
15 685
17 209
-
Dividends
45 186
47 057
-
-
withholding
12 426
12 941
-
-
total
12 426
12 941
-
-
Income
88 500
88 500
88 500
88 500
Total tax
39 729
39 480
65 015
42 978
After tax
48 771
49 020
23 485
45 522
Living cost
16 012
16 012
16 012
16 012
Free-cash
32 759
33 008
7 473
29 510

Estimated living cost  is ₴16012 per week

₴9605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4486
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴76450
₴77654
₴64379
₴81194
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 027
-
88 500
-
income
1 605
-
17 700
-
total
1 605
-
17 700
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

80 473
88 500
-
-
total
-
-
-
-
Dividends
80 473
88 500
-
-
withholding
4 024
4 425
-
-
total
4 024
4 425
-
-
Income
88 500
88 500
88 500
88 500
Total tax
5 629
4 425
17 700
885
After tax
82 871
84 075
70 800
87 615
Living cost
6 421
6 421
6 421
6 421
Free-cash
76 450
77 654
64 379
81 194

Estimated living cost  is ₴6421 per week

₴4345
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴270
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.
₴1591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43274
₴47470
₴27413
₴29757
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
20 278
pensions
-
-
-
16 163
health
-
-
-
8 708
total
-
-
-
45 281
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.

22 193
-
76 578
-
unemployment
31
-
108
-
health
1 433
-
4 947
-
pensions
3 440
-
11 869
-
income
3 827
-
18 779
-
total
8 731
-
35 703
-
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.

22 193
-
76 578
-
pensions
1 964
-
6 777
-
unemployment
13
-
46
-
health
1 478
-
5 099
-
total
3 455
-
11 922
-
Corporate
62 851
88 500
-
-
income
11 941
16 815
-
-
total
11 941
16 815
-
-
Dividends
50 910
71 685
-
-
withholding
7 637
10 753
-
-
total
7 637
10 753
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 764
27 568
47 625
45 281
After tax
56 736
60 932
40 875
43 219
Living cost
13 462
13 462
13 462
13 462
Free-cash
43 274
47 470
27 413
29 757

Estimated living cost  is ₴13462 per week

₴9238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴863
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.
₴3100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8748
₴32393
₴60511
₴39711
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 756
-
-
-
social contributions
2 522
-
359
-
income
6 784
-
-
-
total
9 306
-
359
-
Employer
30 756
-
-
-
social contributions
43 366
-
6 180
-
total
43 366
-
6 180
-
Corporate
14 379
88 500
-
-
income
3 163
19 470
-
-
total
3 163
19 470
-
-
Dividends
11 215
69 030
-
-
income
2 467
15 187
-
-
total
2 467
15 187
-
-
Income
88 500
88 500
88 500
88 500
Total tax
58 302
34 657
6 539
27 339
After tax
30 198
53 843
81 961
61 161
Living cost
21 450
21 450
21 450
21 450
Free-cash
8 748
32 393
60 511
39 711

Estimated living cost  is ₴21450 per week

₴13917
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2017
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5242
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34092
₴34597
₴24937
₴31647
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
10 356
surtax
-
-
-
-
total
-
-
-
41 110
Employee
23 083
-
71 515
-
surtax
-
-
-
-
social contributions
2 539
-
7 867
-
income
4 801
-
22 968
-
total
7 340
-
30 835
-
Employer
23 083
-
71 515
-
social contributions
5 482
-
16 985
-
total
5 482
-
16 985
-
Corporate
59 935
88 500
-
-
income
12 586
18 585
-
-
surtax
-
-
-
-
total
12 586
18 585
-
-
Dividends
47 349
69 915
-
-
withholding
13 258
19 576
-
-
total
13 258
19 576
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 666
38 161
47 820
41 110
After tax
49 834
50 339
40 680
47 390
Living cost
15 742
15 742
15 742
15 742
Free-cash
34 092
34 597
24 937
31 647

Estimated living cost  is ₴15742 per week

₴11779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴929
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2772
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23815
₴20363
₴24374
₴25631
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 744
social contributions
-
-
-
2 521
income
-
-
-
13 848
pensions
-
-
-
15 771
health
-
-
-
3 745
surtax
-
-
-
-
total
-
-
-
38 629
Employee
31 434
-
68 571
-
surtax
-
-
-
-
pensions
3 555
-
4 735
-
social contributions
895
-
1 954
-
income
2 743
-
13 267
-
total
7 193
-
19 956
-
Employer
31 434
-
68 571
-
other
1 085
-
2 661
-
pensions
5 165
-
7 979
-
unemployment
1 273
-
2 777
-
social contributions
94
-
206
-
health
2 200
-
6 307
-
total
9 817
-
19 930
-
Corporate
47 248
88 500
-
-
income
13 229
24 780
-
-
surtax
-
-
-
-
total
13 229
24 780
-
-
Dividends
34 019
63 720
-
-
withholding
4 354
8 157
-
-
social contributions
5 852
10 960
-
-
surtax
-
-
-
-
total
10 206
19 117
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 445
43 897
39 886
38 629
After tax
48 055
44 603
48 614
49 871
Living cost
24 240
24 240
24 240
24 240
Free-cash
23 815
20 363
24 374
25 631

Estimated living cost  is ₴24240 per week

₴16405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1983
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴62878
₴64564
₴52440
₴50089
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
3 855
social contributions
-
-
-
19 470
total
-
-
-
23 325
Employee
16 135
-
76 623
-
social contributions
1 049
-
4 981
-
income
-
-
4 116
-
total
1 049
-
9 097
-
Employer
16 135
-
76 623
-
social contributions
2 501
-
11 877
-
total
2 501
-
11 877
-
Corporate
69 864
88 500
-
-
income
6 986
8 850
-
-
total
6 986
8 850
-
-
Dividends
62 878
79 650
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
10 536
8 850
20 974
23 325
After tax
77 964
79 650
67 526
65 175
Living cost
15 086
15 086
15 086
15 086
Free-cash
62 878
64 564
52 440
50 089

Estimated living cost  is ₴15086 per week

₴9755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1137
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3911
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴20682
-₴20682
-₴20682
₴28048
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
434
municipal
-
-
-
18 442
labour market
-
-
-
7 045
national
-
-
-
10 397
total
-
-
-
36 318
Employee
101 863
101 863
101 863
-
national
12 444
12 444
12 444
-
municipal
21 691
21 691
21 691
-
labour market
8 137
8 137
8 137
-
pensions
145
145
145
-
total
42 417
42 417
42 417
-
Employer
101 863
101 863
101 863
-
municipal
21 726
21 726
21 726
-
pensions
290
290
290
-
national
12 466
12 466
12 466
-
labour market
8 149
8 149
8 149
-
total
42 631
42 631
42 631
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
85 048
85 048
85 048
36 318
After tax
3 452
3 452
3 452
52 182
Living cost
24 134
24 134
24 134
24 134
Free-cash
-20 682
-20 682
-20 682
28 048

Estimated living cost  is ₴24134 per week

₴16517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5461
-₴3966
₴36867
₴49372
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
24 416
pensions
-
-
-
2 137
accident
-
-
-
130
health
-
-
-
1 120
total
-
-
-
27 993
Employee
17 516
-
79 562
-
health
2 006
-
9 110
-
pensions
1 972
-
3 919
-
income
2 403
-
18 532
-
total
6 381
-
31 561
-
Employer
17 516
-
79 562
-
accident
292
-
1 329
-
pensions
2 848
-
5 659
-
unemployment
429
-
1 949
-
total
3 569
-
8 937
-
Corporate
67 415
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.

60 673
79 650
-
-
total
60 673
79 650
-
-
Dividends
6 742
8 850
-
-
withholding
1 281
1 681
-
-
total
1 281
1 681
-
-
Income
88 500
88 500
88 500
88 500
Total tax
71 904
81 331
40 498
27 993
After tax
16 596
7 169
48 002
60 507
Living cost
11 135
11 135
11 135
11 135
Free-cash
5 461
-3 966
36 867
49 372

Estimated living cost  is ₴11135 per week

₴8105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴635
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.
₴2186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37447
₴36181
₴27151
₴37799
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
88 500
municipal
-
-
-
15 723
national
-
-
-
14 556
health
-
-
-
1 153
total
-
-
-
31 432
Employee
26 405
-
74 451
-
national
436
-
8 825
-
unemployment
396
-
1 117
-
health
197
-
937
-
municipal
4 325
-
12 127
-
pensions
1 782
-
5 025
-
total
7 136
-
28 031
-
Employer
26 405
-
74 451
-
accident
27
-
74
-
pensions
4 581
-
12 918
-
unemployment
171
-
484
-
health
203
-
573
-
total
4 982
-
14 049
-
Corporate
57 113
88 500
-
-
income
11 422
17 700
-
-
total
11 422
17 700
-
-
Dividends

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

34 268
53 100
-
-
municipal
6 168
9 558
-
-
national
2 076
5 792
-
-
total
8 244
15 350
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 784
33 050
42 080
31 432
After tax
56 716
55 450
46 420
57 068
Living cost
19 269
19 269
19 269
19 269
Free-cash
37 447
36 181
27 151
37 799

Estimated living cost  is ₴19269 per week

₴12586
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1853
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4523
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50210
₴52941
₴48087
₴48866
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 120
income
-
-
-
17 638
health
-
-
-
2 256
total
-
-
-
28 014
Employee
38 593
38 593
82 651
-
health
299
656
1 405
-
social contributions
1 459
3 203
4 320
-
income
4 202
3 573
17 219
-
total
5 960
7 432
22 944
-
Employer
38 593
38 593
82 651
-
social contributions
1 459
3 203
4 320
-
health
325
714
1 529
-
total
1 784
3 917
5 849
-
Corporate
69 136
45 990
-
-
income
8 642
5 749
-
-
total
8 642
5 749
-
-
Dividends
60 494
40 241
-
-
withholding
10 284
6 841
-
-
total
10 284
6 841
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 670
23 939
28 793
28 014
After tax
61 830
64 561
59 707
60 486
Living cost
11 620
11 620
11 620
11 620
Free-cash
50 210
52 941
48 087
48 866

Estimated living cost  is ₴11620 per week

₴6964
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1140
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴62766
₴65319
₴56437
₴66504
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 005
pensions
-
-
-
3 193
health
-
-
-
1 816
total
-
-
-
14 028
Employee

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

11 520
-
83 595
-
unemployment
57
-
238
-
health
979
-
4 048
-
pensions
1 728
-
7 143
-
income
788
-
7 761
-
total
3 552
-
19 190
-
Employer

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

11 520
-
83 595
-
pensions
633
-
2 619
-
unemployment
57
-
238
-
health
495
-
2 048
-
total
1 185
-
4 905
-
Corporate
75 794
88 500
-
-
income
6 821
7 965
-
-
total
6 821
7 965
-
-
Dividends
68 973
80 535
-
-
withholding
6 208
7 248
-
-
total
6 208
7 248
-
-
Income
88 500
88 500
88 500
88 500
Total tax
17 766
15 213
24 095
14 028
After tax
70 734
73 287
64 405
74 472
Living cost
7 968
7 968
7 968
7 968
Free-cash
62 766
65 319
56 437
66 504

Estimated living cost  is ₴7968 per week

₴5084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2072
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42972
₴45189
₴33757
₴35863
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
24 880
pensions
-
-
-
13 164
accident
-
-
-
419
total
-
-
-
38 836
Employee
18 558
-
73 670
-
unemployment
288
-
721
-
other
18
-
47
-
pensions
872
-
2 187
-
income
3 578
-
23 157
-
total
4 756
-
26 112
-
Employer
18 558
-
73 670
-
other
149
-
372
-
accident
368
-
921
-
pensions
4 379
-
10 979
-
unemployment
1 021
-
2 558
-
total
5 917
-
14 830
-
Corporate
64 026
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.

9 604
13 275
-
-
total
9 604
13 275
-
-
Dividends
54 422
75 225
-
-
withholding
11 450
16 235
-
-
total
11 450
16 235
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 727
29 510
40 942
38 836
After tax
56 773
58 990
47 558
49 664
Living cost
13 801
13 801
13 801
13 801
Free-cash
42 972
45 189
33 757
35 863

Estimated living cost  is ₴13801 per week

₴9316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1327
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2917
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54112
₴54271
₴55945
₴56012
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
30 336
pensions
-
-
-
695
health
-
-
-
504
total
-
-
-
31 535
Employee
1 451
-
87 718
-
unemployment
15
-
35
-
health
73
-
174
-
pensions
131
-
313
-
income
281
-
30 299
-
total
500
-
30 821
-
Employer
1 451
-
87 718
-
pensions
160
-
382
-
unemployment
29
-
69
-
health
138
-
330
-
total
327
-
781
-
Corporate
86 722
88 500
-
-
income
19 079
19 470
-
-
total
19 079
19 470
-
-
Dividends
67 643
69 030
-
-
withholding
13 529
13 806
-
-
total
13 529
13 806
-
-
Income
88 500
88 500
88 500
88 500
Total tax
33 435
33 276
31 602
31 535
After tax
55 065
55 224
56 898
56 965
Living cost
953
953
953
953
Free-cash
54 112
54 271
55 945
56 012

Estimated living cost  is ₴953 per week

₴566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52790
₴55258
₴45763
₴45762
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
557
income
-
-
-
20 028
pensions
-
-
-
9 648
health
-
-
-
3 822
total
-
-
-
34 055
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.

13 094
-
81 858
-
unemployment
98
-
278
-
health
674
-
1 911
-
pensions
1 833
-
5 195
-
income
1 805
-
20 028
-
total
4 410
-
27 412
-
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.

13 094
-
81 858
-
pensions
1 571
-
4 453
-
unemployment
98
-
278
-
health
674
-
1 911
-
total
2 343
-
6 642
-
Corporate
73 062
88 500
-
-
income
10 959
13 275
-
-
total
10 959
13 275
-
-
Dividends
62 103
75 225
-
-
withholding
9 315
11 284
-
-
total
9 315
11 284
-
-
Income
88 500
88 500
88 500
88 500
Total tax
27 027
24 559
34 054
34 055
After tax
61 473
63 941
54 446
54 445
Living cost
8 683
8 683
8 683
8 683
Free-cash
52 790
55 258
45 763
45 762

Estimated living cost  is ₴8683 per week

₴5846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴672
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1914
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36629
₴36809
₴27150
₴33860
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
10 356
surtax
-
-
-
-
total
-
-
-
41 110
Employee
19 479
-
71 515
-
surtax
-
-
-
-
social contributions
2 143
-
7 867
-
income
3 806
-
22 968
-
total
5 949
-
30 835
-
Employer
19 479
-
71 515
-
social contributions
4 626
-
16 985
-
total
4 626
-
16 985
-
Corporate
64 395
88 500
-
-
income
13 522
18 585
-
-
surtax
-
-
-
-
total
13 522
18 585
-
-
Dividends
50 872
69 915
-
-
withholding
14 244
19 576
-
-
total
14 244
19 576
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 341
38 161
47 820
41 110
After tax
50 159
50 339
40 680
47 390
Living cost
13 530
13 530
13 530
13 530
Free-cash
36 629
36 809
27 150
33 860

Estimated living cost  is ₴13530 per week

₴9583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38069
₴41352
₴29920
₴32026
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
24 880
pensions
-
-
-
13 164
accident
-
-
-
419
total
-
-
-
38 836
Employee
24 239
-
73 670
-
unemployment
375
-
721
-
other
24
-
47
-
pensions
1 139
-
2 187
-
income
5 063
-
23 157
-
total
6 601
-
26 112
-
Employer
24 239
-
73 670
-
other
194
-
372
-
accident
480
-
921
-
pensions
5 720
-
10 979
-
unemployment
1 333
-
2 558
-
total
7 727
-
14 830
-
Corporate
56 533
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.

8 480
13 275
-
-
total
8 480
13 275
-
-
Dividends
48 053
75 225
-
-
withholding
9 985
16 235
-
-
total
9 985
16 235
-
-
Income
88 500
88 500
88 500
88 500
Total tax
32 793
29 510
40 942
38 836
After tax
55 707
58 990
47 558
49 664
Living cost
17 638
17 638
17 638
17 638
Free-cash
38 069
41 352
29 920
32 026

Estimated living cost  is ₴17638 per week

₴12667
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1371
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3352
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63980
₴67039
₴65389
₴61918
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
70
income
-
-
-
13 275
pensions

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

-
-
-
2 593
health
-
-
-
2 015
total
-
-
-
17 953
Employee
11 427
-
85 062
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
health
526
-
806
-
pensions

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

1 003
-
1 539
-
income
1 143
-
8 506
-
total
2 798
-
11 044
-
Employer
11 427
-
85 062
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
pensions

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

1 259
-
1 931
-
unemployment
69
-
105
-
health
789
-
1 209
-
total
2 243
-
3 438
-
Corporate
74 832
88 500
-
-
income
7 483
8 850
-
-
total
7 483
8 850
-
-
Dividends
67 349
79 650
-
-
withholding
3 367
3 982
-
-
total
3 367
3 982
-
-
Income
88 500
88 500
88 500
88 500
Total tax
15 891
12 832
14 482
17 953
After tax
72 609
75 668
74 018
70 547
Living cost
8 629
8 629
8 629
8 629
Free-cash
63 980
67 039
65 389
61 918

Estimated living cost  is ₴8629 per week

₴5707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴494
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32735
₴26170
₴36823
₴27472
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
88 500
trade
-
-
-
9 351
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.

-
-
-
27 367
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.

-
-
-
3 429
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.

-
-
-
1 505
total
-
-
-
41 652
Employee

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

24 972
-
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.

113
-
1 505
-
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.

3 429
-
3 429
-
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.

2 053
-
27 367
-
total
5 595
-
32 301
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 528
88 500
-
-
trade
9 117
12 700
-
-
income
9 529
13 275
-
-
surtax

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

524
731
-
-
chamber of commerce
170
206
-
-
total
19 340
26 912
-
-
Dividends
44 189
61 589
-
-
withholding
10 857
15 206
-
-
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.

597
836
-
-
total
11 454
16 042
-
-
Income
88 500
88 500
88 500
88 500
Total tax
36 389
42 954
32 301
41 652
After tax
52 111
45 546
56 199
46 848
Living cost
19 376
19 376
19 376
19 376
Free-cash
32 735
26 170
36 823
27 472

Estimated living cost  is ₴19376 per week

₴13366
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34467
₴33361
₴18038
₴18038
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 768
income
-
-
-
27 104
total
-
-
-
41 872
Employee
39 259
-
88 500
-
social contributions
3 262
-
14 768
-
income
7 408
-
27 104
-
total
10 670
-
41 872
-
Employer
39 259
-
88 500
-
total
-
-
-
-
Corporate
49 241
88 500
-
-
income
6 155
11 062
-
-
total
6 155
11 062
-
-
Dividends
43 086
77 438
-
-
withholding
8 618
15 487
-
-
total
8 618
15 487
-
-
Income
88 500
88 500
88 500
88 500
Total tax
25 443
26 549
41 872
41 872
After tax
63 057
61 951
46 628
46 628
Living cost
28 590
28 590
28 590
28 590
Free-cash
34 467
33 361
18 038
18 038

Estimated living cost  is ₴28590 per week

₴21750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2330
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38408
₴36654
₴44699
₴52936
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
88 500
health

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

-
-
-
3 059
income
-
-
-
14 286
total
-
-
-
17 345
Employee
23 023
-
86 191
-
social contributions
2 307
-
2 309
-
income
2 498
-
20 964
-
total
4 805
-
23 273
-
Employer
23 023
-
86 191
-
social contributions
2 307
-
2 309
-
total
2 307
-
2 309
-
Corporate
63 170
88 500
-
-
income
22 109
30 975
-
-
total
22 109
30 975
-
-
Dividends
41 060
57 525
-
-
social contributions
2 652
2 652
-
-
total
2 652
2 652
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 873
33 627
25 582
17 345
After tax
56 627
54 873
62 918
71 155
Living cost
18 219
18 219
18 219
18 219
Free-cash
38 408
36 654
44 699
52 936

Estimated living cost  is ₴18219 per week

₴12000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1436
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42347
₴39423
₴32224
₴40226
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
25 452
pensions
-
-
-
4 474
total
-
-
-
29 926
Employee
25 185
-
77 296
-
health
329
-
1 115
-
pensions
1 922
-
5 492
-
income
4 586
-
20 117
-
total
6 837
-
26 724
-
Employer
25 185
-
77 296
-
pensions
2 545
-
9 735
-
health
479
-
1 469
-
total
3 024
-
11 204
-
Corporate
60 291
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.

11 455
16 815
-
-
total
11 455
16 815
-
-
Dividends
48 836
71 685
-
-
withholding
6 489
13 914
-
-
total
6 489
13 914
-
-
Income
88 500
88 500
88 500
88 500
Total tax
27 805
30 729
37 928
29 926
After tax
60 695
57 771
50 572
58 574
Living cost
18 348
18 348
18 348
18 348
Free-cash
42 347
39 423
32 224
40 226

Estimated living cost  is ₴18348 per week

₴12587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1687
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴5291
-₴5068
₴35765
₴48270
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
24 416
pensions
-
-
-
2 137
accident
-
-
-
130
health
-
-
-
1 120
total
-
-
-
27 993
Employee
19 249
-
79 562
-
health
2 204
-
9 110
-
pensions
2 168
-
3 919
-
income
2 641
-
18 532
-
total
7 013
-
31 561
-
Employer
19 249
-
79 562
-
accident
321
-
1 329
-
pensions
3 130
-
5 659
-
unemployment
472
-
1 949
-
total
3 923
-
8 937
-
Corporate
65 328
88 500
-
-
income

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

58 795
79 650
-
-
total
58 795
79 650
-
-
Dividends
6 533
8 850
-
-
withholding
1 241
1 681
-
-
total
1 241
1 681
-
-
Income
88 500
88 500
88 500
88 500
Total tax
70 972
81 331
40 498
27 993
After tax
17 528
7 169
48 002
60 507
Living cost
12 237
12 237
12 237
12 237
Free-cash
5 291
-5 068
35 765
48 270

Estimated living cost  is ₴12237 per week

₴8981
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴713
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.
₴2297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65349
₴67696
₴56097
₴45062
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
963
income
-
-
-
14 593
pensions
-
-
-
14 765
health insurance
-
-
-
5 938
work injury
-
-
-
401
total
-
-
-
36 660
Employee

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

10 844
-
88 500
-
health insurance
802
-
2 969
-
unemployment
130
-
481
-
work injury
54
-
201
-
pensions
1 995
-
7 382
-
income
1 084
-
14 593
-
total
4 065
-
25 626
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
77 656
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%.

777
885
-
-
total
777
885
-
-
Dividends
76 879
87 615
-
-
withholding
11 532
13 142
-
-
total
11 532
13 142
-
-
Income
88 500
88 500
88 500
88 500
Total tax
16 374
14 027
25 626
36 660
After tax
72 126
74 473
62 874
51 840
Living cost
6 778
6 778
6 778
6 778
Free-cash
65 349
67 696
56 097
45 062

Estimated living cost  is ₴6778 per week

₴4199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24338
₴26621
₴17364
₴21250
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
regional
-
-
-
2 027
social contributions
-
-
-
22 762
municipal
-
-
-
591
national
-
-
-
21 876
total
-
-
-
47 256
Employee
42 292
-
88 500
-
national
7 147
-
18 973
-
regional
639
-
1 799
-
municipal
252
-
528
-
social contributions
14 261
-
29 842
-
total
22 299
-
51 142
-
Employer
42 292
-
88 500
-
total
-
-
-
-
Corporate
46 208
88 500
-
-
nationa
11 090
21 240
-
-
municipal
2 227
4 266
-
-
total
13 317
25 506
-
-
Dividends
32 891
62 994
-
-
withholding
8 552
16 379
-
-
total
8 552
16 379
-
-
Income
88 500
88 500
88 500
88 500
Total tax
44 168
41 885
51 142
47 256
After tax
44 332
46 615
37 358
41 244
Living cost
19 994
19 994
19 994
19 994
Free-cash
24 338
26 621
17 364
21 250

Estimated living cost  is ₴19994 per week

₴14044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1375
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4272
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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