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
₴29560
₴41067
₴30773
₴35066
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
88 500
income

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

-
-
-
27 449
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.

-
-
-
1 510
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.

-
-
-
3 400
trade
-
-
-
10 294
total
-
-
-
42 653
Employee

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

19 035
-
88 500
-
surtax

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

29
-
1 510
-
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.

532
-
27 449
-
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.

3 400
-
3 400
-
total
3 961
-
32 359
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 465
88 500
-
-
income
10 420
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.

573
730
-
-
chamber of commerce
176
203
-
-
trade
10 940
13 939
-
-
total
22 109
28 147
-
-
Dividends
47 356
60 353
-
-
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.

640
820
-
-
withholding
11 650
14 899
-
-
total
12 290
15 719
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 360
43 866
32 359
42 653
After tax
50 140
44 634
56 141
45 847
Living cost
15 074
15 074
15 074
15 074
Free-cash
35 066
29 560
41 067
30 773

Estimated living cost  is ₴15074 per week

₴9482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1758
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.
₴3553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28727
₴26473
₴25778
₴28286
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
social contributions
-
-
-
951
municipal
-
-
-
9 670
national
-
-
-
14 984
pensions
-
-
-
10 620
total
-
-
-
36 225
Employee
41 075
-
76 507
-
municipal
5 073
-
10 012
-
pensions
1 643
-
3 060
-
national
7 862
-
15 515
-
total
14 578
-
28 587
-
Employer
41 075
-
76 507
-
pensions
3 286
-
6 121
-
social contributions
442
-
822
-
total
3 728
-
6 943
-
Corporate
40 987
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%.

8 197
17 700
-
-
total
8 197
17 700
-
-
Dividends
32 789
70 800
-
-
withholding
7 214
15 576
-
-
total
7 214
15 576
-
-
Income
88 500
88 500
88 500
88 500
Total tax
33 717
33 276
35 530
36 225
After tax
54 783
55 224
52 970
52 275
Living cost
26 497
26 497
26 497
26 497
Free-cash
28 286
28 727
26 473
25 778

Estimated living cost  is ₴26497 per week

₴18010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60446
₴26889
₴20258
₴56363
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
88 500
income
-
-
-
16 253
surtax
-
-
-
22 567
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.

-
-
-
19 068
microenterprise
-
-
-
-
total
-
-
-
57 888
Employee
14 542
-
66 857
-
surtax
-
-
9 695
-
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.

1 600
-
6 524
-
income
2 589
-
13 396
-
total
4 189
-
29 615
-
Employer
14 542
-
66 857
-
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.

3 503
-
14 288
-
surtax
-
-
7 354
-
total
3 503
-
21 642
-
Corporate
70 455
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%.

14 091
17 700
-
-
total
14 091
17 700
-
-
Dividends

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

56 364
70 800
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
21 783
17 700
51 257
57 888
After tax
66 717
70 800
37 243
30 612
Living cost
10 354
10 354
10 354
10 354
Free-cash
56 363
60 446
26 889
20 258

Estimated living cost  is ₴10354 per week

₴6605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴986
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22981
₴34534
₴27953
₴19932
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 731
health
-
-
-
6 137
pensions
-
-
-
5 831
total
-
-
-
39 699
Employee
42 499
42 499
79 251
-
pensions
7 650
5 831
5 831
-
income

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

6 956
6 956
11 901
-
health
6 523
5 549
6 137
-
total
21 129
18 336
23 869
-
Employer
42 499
42 499
79 251
-
health
2 954
2 954
3 671
-
pensions
2 958
2 958
3 677
-
unemployment
1 530
1 530
1 901
-
total
7 442
7 442
9 249
-
Corporate
39 080
38 558
-
-
income
7 816
7 711
-
-
total
7 816
7 711
-
-
Dividends
31 264
30 847
-
-
income
6 644
6 555
-
-
withholding
4 689
4 627
-
-
total
11 333
11 182
-
-
Income
88 500
88 500
88 500
88 500
Total tax
47 720
44 671
33 118
39 699
After tax
40 780
43 829
55 382
48 801
Living cost
20 848
20 848
20 848
20 848
Free-cash
19 932
22 981
34 534
27 953

Estimated living cost  is ₴20848 per week

₴14775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28440
₴25037
₴25518
₴27994
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
accident
-
-
-
87
other
-
-
-
5 063
unemployment
-
-
-
44
health
-
-
-
2 719
municipal
-
-
-
22 627
national
-
-
-
7 851
pensions
-
-
-
4 710
total
-
-
-
43 101
Employee
28 329
-
74 809
-
municipal
8 448
-
22 308
-
national
-
-
7 584
-
total
8 448
-
29 892
-
Employer
28 329
-
74 809
-
health
1 742
-
2 680
-
pensions
3 062
-
4 710
-
accident
57
-
87
-
unemployment
748
-
1 150
-
other
3 292
-
5 063
-
total
8 901
-
13 690
-
Corporate
51 270
88 500
-
-
income
11 279
19 470
-
-
total
11 279
19 470
-
-
Dividends
39 990
69 030
-
-
withholding
11 997
20 709
-
-
total
11 997
20 709
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 625
40 179
43 582
43 101
After tax
47 875
48 321
44 918
45 399
Living cost
19 881
19 881
19 881
19 881
Free-cash
27 994
28 440
25 037
25 518

Estimated living cost  is ₴19881 per week

₴13177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1951
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.
₴4452
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24630
₴36590
₴25838
₴31622
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
88 500
income

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

-
-
-
27 449
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.

-
-
-
1 510
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.

-
-
-
3 400
trade
-
-
-
10 752
total
-
-
-
43 111
Employee

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

25 238
-
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.

119
-
1 510
-
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.

2 168
-
27 449
-
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.

3 400
-
3 400
-
total
5 687
-
32 359
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 262
88 500
-
-
income
9 490
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.

522
730
-
-
chamber of commerce
165
201
-
-
trade
10 407
14 558
-
-
total
20 584
28 764
-
-
Dividends
42 678
59 735
-
-
surtax

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

576
811
-
-
withholding
10 480
14 744
-
-
total
11 056
15 555
-
-
Income
88 500
88 500
88 500
88 500
Total tax
37 327
44 319
32 359
43 111
After tax
51 173
44 181
56 141
45 389
Living cost
19 551
19 551
19 551
19 551
Free-cash
31 622
24 630
36 590
25 838

Estimated living cost  is ₴19551 per week

₴13076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2062
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.
₴4121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48417
₴43529
₴44306
₴46350
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
17 743
social contributions
-
-
-
8 052
health
-
-
-
2 257
total
-
-
-
28 052
Employee
38 269
38 269
82 686
-
social contributions
1 860
3 176
4 284
-
income
4 019
3 543
17 326
-
health
381
651
1 405
-
total
6 260
7 370
23 015
-
Employer
38 269
38 269
82 686
-
health
415
708
1 530
-
social contributions
1 860
3 176
4 284
-
total
2 275
3 884
5 814
-
Corporate
63 825
46 347
-
-
income
7 979
5 793
-
-
total
7 979
5 793
-
-
Dividends
55 846
40 554
-
-
withholding
9 494
6 894
-
-
total
9 494
6 894
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 008
23 941
28 829
28 052
After tax
62 492
64 559
59 671
60 448
Living cost
16 142
16 142
16 142
16 142
Free-cash
46 350
48 417
43 529
44 306

Estimated living cost  is ₴16142 per week

₴11035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40791
₴42384
₴52389
₴40977
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
10 819
unemployment
-
-
-
1 327
health
-
-
-
6 195
pensions
-
-
-
8 850
total
-
-
-
27 191
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.

12 876
5 124
74 059
-
unemployment
193
77
1 111
-
pensions
1 288
512
7 406
-
income
1 574
626
9 054
-
health
901
359
5 184
-
total
3 956
1 574
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.

12 876
5 124
74 059
-
pensions
2 511
999
14 441
-
total
2 511
999
14 441
-
Corporate
73 114
82 376
-
-
income
6 580
7 414
-
-
total
6 580
7 414
-
-
Dividends
66 533
74 963
-
-
social contributions
12 915
14 559
-
-
withholding
12 641
14 243
-
-
total
25 556
28 802
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 603
38 789
37 196
27 191
After tax
49 897
49 711
51 304
61 309
Living cost
8 920
8 920
8 920
8 920
Free-cash
40 977
40 791
42 384
52 389

Estimated living cost  is ₴8920 per week

₴6087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58779
₴38987
₴35415
₴55688
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
11 859
health
-
-
-
11 505
pensions
-
-
-
17 700
total
-
-
-
41 064
Employee
14 118
-
66 143
-
unemployment
226
-
1 059
-
pensions
282
-
1 323
-
income
1 589
-
12 753
-
total
2 097
-
15 135
-
Employer
14 118
-
66 143
-
health
1 835
-
8 599
-
pensions
2 824
-
13 229
-
unemployment
113
-
529
-
total
4 772
-
22 357
-
Corporate
69 610
88 500
-
-
income
13 922
17 700
-
-
total
13 922
17 700
-
-
Dividends
55 688
70 800
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
20 791
17 700
37 492
41 064
After tax
67 709
70 800
51 008
47 436
Living cost
12 021
12 021
12 021
12 021
Free-cash
55 688
58 779
38 987
35 415

Estimated living cost  is ₴12021 per week

₴8245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴716
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.
₴2818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3942
₴36945
₴49390
₴5464
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
accident
-
-
-
128
income
-
-
-
24 482
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
27 999
Employee
17 478
-
79 654
-
pensions
1 968
-
3 853
-
income
2 398
-
18 625
-
health
2 001
-
9 120
-
total
6 367
-
31 598
-
Employer
17 478
-
79 654
-
pensions
2 842
-
5 564
-
accident
292
-
1 330
-
unemployment
428
-
1 952
-
total
3 562
-
8 846
-
Corporate
67 460
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.

60 714
79 650
-
-
total
60 714
79 650
-
-
Dividends
6 746
8 850
-
-
withholding
1 282
1 681
-
-
total
1 282
1 681
-
-
Income
88 500
88 500
88 500
88 500
Total tax
71 925
81 331
40 444
27 999
After tax
16 575
7 169
48 056
60 501
Living cost
11 111
11 111
11 111
11 111
Free-cash
5 464
-3 942
36 945
49 390

Estimated living cost  is ₴11111 per week

₴8143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴80065
₴66790
₴83605
₴79314
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 012
-
88 500
-
income
1 002
-
17 700
-
total
1 002
-
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%.

83 488
88 500
-
-
total
-
-
-
-
Dividends
83 488
88 500
-
-
withholding
4 174
4 425
-
-
total
4 174
4 425
-
-
Income
88 500
88 500
88 500
88 500
Total tax
5 176
4 425
17 700
885
After tax
83 324
84 075
70 800
87 615
Living cost
4 010
4 010
4 010
4 010
Free-cash
79 314
80 065
66 790
83 605

Estimated living cost  is ₴4010 per week

₴2485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51760
₴36878
₴36404
₴48400
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
13 747
other
-
-
-
3 595
health
-
-
-
3 330
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.

-
-
-
18 163
total
-
-
-
38 835
Employee
18 070
-
70 687
-
unemployment
180
-
706
-
pensions

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

1 265
-
4 948
-
income
3 111
-
13 905
-
health
253
-
990
-
total
4 809
-
20 549
-
Employer
18 070
-
70 687
-
health
253
-
990
-
pensions

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

3 072
-
12 016
-
accident
144
-
566
-
unemployment
180
-
706
-
other
904
-
3 534
-
total
4 553
-
17 812
-
Corporate
65 876
88 500
-
-
income
13 834
18 585
-
-
total
13 834
18 585
-
-
Dividends
52 042
69 915
-
-
withholding
3 643
4 894
-
-
total
3 643
4 894
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 839
23 479
38 361
38 835
After tax
61 661
65 021
50 139
49 665
Living cost
13 261
13 261
13 261
13 261
Free-cash
48 400
51 760
36 878
36 404

Estimated living cost  is ₴13261 per week

₴9370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴895
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2782
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24582
₴17364
₴25368
₴26233
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 392
pensions
-
-
-
4 492
total
-
-
-
29 884
Employee
47 041
-
77 302
-
pensions
4 538
-
5 517
-
income
8 480
-
20 056
-
health
775
-
1 117
-
total
13 793
-
26 690
-
Employer
47 041
-
77 302
-
health
893
-
1 468
-
pensions
5 554
-
9 730
-
total
6 447
-
11 198
-
Corporate
35 011
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.

6 652
16 815
-
-
total
6 652
16 815
-
-
Dividends
28 359
71 685
-
-
withholding
2 127
13 855
-
-
total
2 127
13 855
-
-
Income
88 500
88 500
88 500
88 500
Total tax
29 019
30 670
37 888
29 884
After tax
59 481
57 830
50 612
58 616
Living cost
33 248
33 248
33 248
33 248
Free-cash
26 233
24 582
17 364
25 368

Estimated living cost  is ₴33248 per week

₴24914
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3906
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴69144
₴67542
₴64060
₴66834
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
13 275
unemployment
-
-
-
70
health
-
-
-
1 999
pensions

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

-
-
-
2 572
total
-
-
-
17 916
Employee
8 638
-
85 090
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
pensions

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

758
-
1 526
-
income
864
-
8 509
-
health
397
-
799
-
total
2 114
-
11 025
-
Employer
8 638
-
85 090
-
health
596
-
1 199
-
pensions

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

952
-
1 915
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
unemployment
52
-
104
-
total
1 695
-
3 409
-
Corporate
78 167
88 500
-
-
income
7 816
8 850
-
-
total
7 816
8 850
-
-
Dividends
70 350
79 650
-
-
withholding
3 517
3 982
-
-
total
3 517
3 982
-
-
Income
88 500
88 500
88 500
88 500
Total tax
15 142
12 832
14 434
17 916
After tax
73 358
75 668
74 066
70 584
Living cost
6 524
6 524
6 524
6 524
Free-cash
66 834
69 144
67 542
64 060

Estimated living cost  is ₴6524 per week

₴3809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2076
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16232
₴27785
₴21204
₴17484
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 731
health
-
-
-
6 137
pensions
-
-
-
5 831
total
-
-
-
39 699
Employee
46 141
42 499
79 251
-
pensions
5 831
5 831
5 831
-
income

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

6 956
6 956
11 901
-
health
5 756
5 549
6 137
-
total
18 543
18 336
23 869
-
Employer
46 141
42 499
79 251
-
health
3 206
2 954
3 671
-
pensions
3 211
2 958
3 677
-
unemployment
1 661
1 530
1 901
-
total
8 078
7 442
9 249
-
Corporate
34 281
38 558
-
-
income
6 857
7 711
-
-
total
6 857
7 711
-
-
Dividends
27 424
30 847
-
-
income
5 827
6 555
-
-
withholding
4 114
4 627
-
-
total
9 941
11 182
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 419
44 671
33 118
39 699
After tax
45 081
43 829
55 382
48 801
Living cost
27 597
27 597
27 597
27 597
Free-cash
17 484
16 232
27 785
21 204

Estimated living cost  is ₴27597 per week

₴20357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2465
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.
₴4459
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48727
₴34027
₴37936
₴44373
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
8 849
social contributions
-
-
-
17 562
solidarity contribution
-
-
-
-
health
-
-
-
11 948
total
-
-
-
38 359
Employee
17 948
-
67 398
-
solidarity contribution
-
-
-
-
social contributions
1 167
-
3 909
-
income
2 154
-
8 158
-
health
2 423
-
9 099
-
total
5 744
-
21 166
-
Employer
17 948
-
67 398
-
health
1 615
-
6 066
-
social contributions
4 487
-
15 036
-
total
6 102
-
21 102
-
Corporate
64 449
88 500
-
-
income
12 245
16 815
-
-
total
12 245
16 815
-
-
Dividends
52 204
71 685
-
-
withholding
7 831
10 753
-
-
total
7 831
10 753
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 922
27 568
42 268
38 359
After tax
56 578
60 932
46 232
50 141
Living cost
12 205
12 205
12 205
12 205
Free-cash
44 373
48 727
34 027
37 936

Estimated living cost  is ₴12205 per week

₴8478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26218
₴17250
₴21247
₴23621
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
social contributions
-
-
-
22 762
regional
-
-
-
1 046
municipal
-
-
-
526
national
-
-
-
21 919
total
-
-
-
46 253
Employee
44 230
-
88 500
-
municipal
234
-
469
-
national
7 664
-
19 016
-
regional
417
-
923
-
social contributions
14 914
-
29 842
-
total
23 229
-
50 250
-
Employer
44 230
-
88 500
-
total
-
-
-
-
Corporate
44 270
88 500
-
-
municipal
1 726
3 452
-
-
nationa
10 625
21 240
-
-
total
12 351
24 692
-
-
Dividends
31 919
63 808
-
-
withholding
8 299
16 590
-
-
total
8 299
16 590
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 879
41 282
50 250
46 253
After tax
44 621
47 218
38 250
42 247
Living cost
21 000
21 000
21 000
21 000
Free-cash
23 621
26 218
17 250
21 247

Estimated living cost  is ₴21000 per week

₴14639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴322
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4662
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44685
₴27844
₴30886
₴43136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
24 686
other
-
-
-
-
surtax
-
-
-
3 833
unemployment
-
-
-
113
health
-
-
-
4 716
pensions
-
-
-
13 284
total
-
-
-
46 632
Employee
16 458
-
74 519
-
other
-
-
-
-
unemployment
1 146
-
4 623
-
pensions
1 097
-
4 430
-
surtax
54
-
3 238
-
income
2 759
-
21 709
-
health
420
-
1 693
-
total
5 476
-
35 693
-
Employer
16 458
-
74 519
-
health
749
-
3 022
-
pensions
2 194
-
8 854
-
unemployment
521
-
2 105
-
other
-
-
-
-
total
3 464
-
13 981
-
Corporate
68 578
88 500
-
-
income
17 830
23 010
-
-
total
17 830
23 010
-
-
Dividends
50 748
65 490
-
-
withholding
7 612
9 823
-
-
total
7 612
9 823
-
-
Income
88 500
88 500
88 500
88 500
Total tax
34 382
32 833
49 674
46 632
After tax
54 118
55 667
38 826
41 868
Living cost
10 982
10 982
10 982
10 982
Free-cash
43 136
44 685
27 844
30 886

Estimated living cost  is ₴10982 per week

₴6715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35116
₴27898
₴35902
₴38400
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 392
pensions
-
-
-
4 492
total
-
-
-
29 884
Employee
31 526
-
77 302
-
pensions
2 676
-
5 517
-
income
5 678
-
20 056
-
health
458
-
1 117
-
total
8 812
-
26 690
-
Employer
31 526
-
77 302
-
health
599
-
1 468
-
pensions
3 413
-
9 730
-
total
4 012
-
11 198
-
Corporate
52 963
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.

10 063
16 815
-
-
total
10 063
16 815
-
-
Dividends
42 900
71 685
-
-
withholding
4 499
13 855
-
-
total
4 499
13 855
-
-
Income
88 500
88 500
88 500
88 500
Total tax
27 386
30 670
37 888
29 884
After tax
61 114
57 830
50 612
58 616
Living cost
22 714
22 714
22 714
22 714
Free-cash
38 400
35 116
27 898
35 902

Estimated living cost  is ₴22714 per week

₴17017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴1174
₴28320
₴32418
₴17986
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
other

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

-
-
-
1 770
regional
-
-
-
4 326
health
-
-
-
199
city
-
-
-
933
national
-
-
-
1 416
pensions
-
-
-
8 143
total
-
-
-
16 787
Employee
45 985
-
79 213
-
unemployment
-
-
-
-
pensions
3 863
-
6 653
-
national
218
-
1 057
-
regional
1 506
-
3 728
-
city
494
-
851
-
health
104
-
179
-
total
6 185
-
12 468
-
Employer
45 985
-
79 213
-
health
104
-
179
-
pensions
3 863
-
6 653
-
unemployment
-
-
-
-
other

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

919
-
1 585
-
total
4 886
-
8 417
-
Corporate
37 122
88 500
-
-
regional
7 851
18 717
-
-
national
3 156
7 523
-
-
total
11 007
26 240
-
-
Dividends
26 116
62 260
-
-
withholding
9 141
21 791
-
-
total
9 141
21 791
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 219
48 031
20 885
16 787
After tax
57 281
40 469
67 615
71 713
Living cost
39 295
39 295
39 295
39 295
Free-cash
17 986
1 174
28 320
32 418

Estimated living cost  is ₴39295 per week

₴25553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴482
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴20924
₴33342
₴22133
₴28994
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
88 500
income

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

-
-
-
27 449
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.

-
-
-
1 510
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.

-
-
-
3 400
trade
-
-
-
11 209
total
-
-
-
43 568
Employee

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

29 909
-
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.

194
-
1 510
-
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.

3 517
-
27 449
-
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.

3 400
-
3 400
-
total
7 111
-
32 359
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58 591
88 500
-
-
income
8 789
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.

484
730
-
-
chamber of commerce
158
200
-
-
trade
10 049
15 178
-
-
total
19 480
29 383
-
-
Dividends
39 112
59 117
-
-
surtax

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

527
803
-
-
withholding
9 589
14 591
-
-
total
10 116
15 394
-
-
Income
88 500
88 500
88 500
88 500
Total tax
36 707
44 777
32 359
43 568
After tax
51 793
43 723
56 141
44 932
Living cost
22 799
22 799
22 799
22 799
Free-cash
28 994
20 924
33 342
22 133

Estimated living cost  is ₴22799 per week

₴16651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1824
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27578
₴31504
₴32832
₴30517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
13 906
other
-
-
-
2 744
surtax
-
-
-
-
social contributions
-
-
-
2 522
health
-
-
-
3 769
pensions
-
-
-
15 700
total
-
-
-
38 641
Employee
21 300
-
68 530
-
pensions
2 408
-
4 750
-
surtax
-
-
-
-
social contributions
607
-
1 952
-
income
1 257
-
13 296
-
total
4 272
-
19 998
-
Employer
21 300
-
68 530
-
health
1 491
-
6 323
-
pensions
3 499
-
8 000
-
unemployment
862
-
2 776
-
social contributions
64
-
206
-
other
735
-
2 666
-
total
6 651
-
19 971
-
Corporate
60 549
88 500
-
-
income
16 953
24 780
-
-
surtax
-
-
-
-
total
16 953
24 780
-
-
Dividends
43 595
63 720
-
-
surtax
-
-
-
-
social contributions
7 499
10 959
-
-
withholding
5 581
8 156
-
-
total
13 080
19 115
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 956
43 895
39 969
38 641
After tax
47 544
44 605
48 531
49 859
Living cost
17 027
17 027
17 027
17 027
Free-cash
30 517
27 578
31 504
32 832

Estimated living cost  is ₴17027 per week

₴10736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29265
₴33191
₴34519
₴32030
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
13 906
other
-
-
-
2 744
surtax
-
-
-
-
social contributions
-
-
-
2 522
health
-
-
-
3 769
pensions
-
-
-
15 700
total
-
-
-
38 641
Employee
19 013
-
68 530
-
pensions
2 150
-
4 750
-
surtax
-
-
-
-
social contributions
542
-
1 952
-
income
980
-
13 296
-
total
3 672
-
19 998
-
Employer
19 013
-
68 530
-
health
1 331
-
6 323
-
pensions
3 124
-
8 000
-
unemployment
770
-
2 776
-
social contributions
57
-
206
-
other
656
-
2 666
-
total
5 938
-
19 971
-
Corporate
63 549
88 500
-
-
income
17 794
24 780
-
-
surtax
-
-
-
-
total
17 794
24 780
-
-
Dividends
45 755
63 720
-
-
surtax
-
-
-
-
social contributions
7 870
10 959
-
-
withholding
5 856
8 156
-
-
total
13 726
19 115
-
-
Income
88 500
88 500
88 500
88 500
Total tax
41 130
43 895
39 969
38 641
After tax
47 370
44 605
48 531
49 859
Living cost
15 340
15 340
15 340
15 340
Free-cash
32 030
29 265
33 191
34 519

Estimated living cost  is ₴15340 per week

₴8897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1558
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43440
₴44431
₴46281
₴43699
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
13 275
social contributions
-
-
-
12 213
health
-
-
-
6 178
total
-
-
-
31 666
Employee
16 874
-
88 500
-
social contributions
2 329
-
12 213
-
income
2 814
-
15 125
-
health
1 178
-
6 178
-
total
6 321
-
33 516
-
Employer
16 874
-
88 500
-
total
-
-
-
-
Corporate
71 626
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%.

3 581
4 425
-
-
total
3 581
4 425
-
-
Dividends
68 045
84 075
-
-
social contributions
9 390
11 602
-
-
withholding
10 206
12 611
-
-
health
4 750
5 869
-
-
total
24 346
30 082
-
-
Income
88 500
88 500
88 500
88 500
Total tax
34 248
34 507
33 516
31 666
After tax
54 252
53 993
54 984
56 834
Living cost
10 553
10 553
10 553
10 553
Free-cash
43 699
43 440
44 431
46 281

Estimated living cost  is ₴10553 per week

₴7062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴651
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31422
₴5912
₴27890
₴30655
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
24 367
surtax
-
-
-
98
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
354
health
-
-
-
4 447
pensions
-
-
-
10 756
total
-
-
-
43 074
Employee
24 872
19 833
70 748
-
other
248
198
582
-
unemployment
746
595
1 744
-
pensions
2 547
2 031
5 954
-
income
2 831
1 463
19 555
-
health
962
768
2 250
-
total
7 334
5 055
30 085
-
Employer
24 872
19 833
70 748
-
chamber of commerce
99
79
283
-
health
940
750
2 198
-
pensions
3 121
2 490
7 297
-
accident
323
258
756
-
unemployment
746
595
1 744
-
surtax
98
98
98
-
payroll
746
595
2 122
-
other
1 181
942
3 254
-
total
7 254
5 807
17 752
-
Corporate
56 373
62 861
68 860
-
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.

14 094
15 715
17 215
-
total
14 094
15 715
17 215
-
Dividends
42 280
47 145
-
-
withholding
11 627
12 965
-
-
total
11 627
12 965
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 309
39 542
65 052
43 074
After tax
48 191
48 958
23 448
45 426
Living cost
17 536
17 536
17 536
17 536
Free-cash
30 655
31 422
5 912
27 890

Estimated living cost  is ₴17536 per week

₴11696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31348
₴12964
₴20228
₴23884
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
communal

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

-
-
-
4 565
social contributions
-
-
-
12 408
national
-
-
-
33 153
total
-
-
-
50 126
Employee

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

35 599
-
68 545
-
unemployment

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

310
-
596
-
communal

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

1 857
-
3 576
-
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.

2 670
-
5 141
-
national
10 945
-
24 900
-
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.

1 673
-
3 222
-
total
17 455
-
37 435
-
Employer

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

35 599
-
68 545
-
health

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

2 189
-
4 216
-
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.

3 154
-
6 073
-
accident

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

463
-
892
-
unemployment

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

519
-
1 001
-
surtax
4 036
-
7 773
-
total
10 361
-
19 955
-
Corporate
42 539
88 500
-
-
income
8 507
17 700
-
-
surtax
170
354
-
-
total
8 677
18 054
-
-
Dividends
33 861
70 446
-
-
withholding

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

9 977
20 952
-
-
total
9 977
20 952
-
-
Income
88 500
88 500
88 500
88 500
Total tax
46 470
39 006
57 390
50 126
After tax
42 030
49 494
31 110
38 374
Living cost
18 146
18 146
18 146
18 146
Free-cash
23 884
31 348
12 964
20 228

Estimated living cost  is ₴18146 per week

₴11688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
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.
₴4587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41008
₴29597
₴31684
₴37600
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
accident
-
-
-
416
income
-
-
-
25 004
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
38 843
Employee
24 773
-
73 794
-
other
25
-
46
-
unemployment
384
-
715
-
pensions
1 164
-
2 168
-
income
5 227
-
23 296
-
total
6 800
-
26 225
-
Employer
24 773
-
73 794
-
pensions
5 846
-
10 886
-
accident
490
-
913
-
unemployment
1 363
-
2 537
-
other
197
-
369
-
total
7 896
-
14 705
-
Corporate
55 831
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.

8 374
13 275
-
-
total
8 374
13 275
-
-
Dividends
47 456
75 225
-
-
withholding
9 857
16 244
-
-
total
9 857
16 244
-
-
Income
88 500
88 500
88 500
88 500
Total tax
32 927
29 519
40 930
38 843
After tax
55 573
58 981
47 570
49 657
Living cost
17 973
17 973
17 973
17 973
Free-cash
37 600
41 008
29 597
31 684

Estimated living cost  is ₴17973 per week

₴13235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1275
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24670
₴20144
₴16615
₴18286
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
communal
-
-
-
5 593
accident
-
-
-
746
income
-
-
-
14 629
surtax
-
-
-
4 388
health
-
-
-
6 218
pensions
-
-
-
13 265
total
-
-
-
44 839
Employee
37 688
-
79 054
-
pensions
3 015
-
6 324
-
surtax
2 310
-
4 845
-
income
3 640
-
17 177
-
health
1 677
-
3 518
-
total
10 642
-
31 864
-
Employer
37 688
-
79 054
-
health
1 149
-
2 411
-
pensions
3 015
-
6 324
-
accident
339
-
711
-
total
4 503
-
9 446
-
Corporate
46 308
88 500
-
-
communal
3 126
5 974
-
-
income
6 946
13 275
-
-
surtax
486
929
-
-
total
10 558
20 178
-
-
Dividends
35 750
68 322
-
-
income
12 103
6 358
-
-
withholding
5 362
10 248
-
-
total
17 465
16 606
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 168
36 784
41 310
44 839
After tax
45 332
51 716
47 190
43 661
Living cost
27 046
27 046
27 046
27 046
Free-cash
18 286
24 670
20 144
16 615

Estimated living cost  is ₴27046 per week

₴20288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1639
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.
₴4832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44489
₴27648
₴30690
₴42905
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
24 686
other
-
-
-
-
surtax
-
-
-
3 833
unemployment
-
-
-
113
health
-
-
-
4 716
pensions
-
-
-
13 284
total
-
-
-
46 632
Employee
16 760
-
74 519
-
other
-
-
-
-
unemployment
1 166
-
4 623
-
pensions
1 118
-
4 430
-
surtax
59
-
3 238
-
income
2 810
-
21 709
-
health
428
-
1 693
-
total
5 581
-
35 693
-
Employer
16 760
-
74 519
-
health
762
-
3 022
-
pensions
2 235
-
8 854
-
unemployment
532
-
2 105
-
other
-
-
-
-
total
3 529
-
13 981
-
Corporate
68 212
88 500
-
-
income
17 735
23 010
-
-
total
17 735
23 010
-
-
Dividends
50 476
65 490
-
-
withholding
7 572
9 823
-
-
total
7 572
9 823
-
-
Income
88 500
88 500
88 500
88 500
Total tax
34 417
32 833
49 674
46 632
After tax
54 083
55 667
38 826
41 868
Living cost
11 178
11 178
11 178
11 178
Free-cash
42 905
44 489
27 648
30 690

Estimated living cost  is ₴11178 per week

₴6749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3199
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33112
₴24577
₴28552
₴32007
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
social contributions
-
-
-
22 762
regional
-
-
-
1 335
municipal
-
-
-
526
national
-
-
-
21 919
total
-
-
-
46 542
Employee
27 607
-
88 500
-
municipal
146
-
469
-
national
4 374
-
19 016
-
regional
372
-
1 190
-
social contributions
9 309
-
29 842
-
total
14 201
-
50 517
-
Employer
27 607
-
88 500
-
total
-
-
-
-
Corporate
60 893
88 500
-
-
municipal
3 026
4 398
-
-
nationa
14 614
21 240
-
-
total
17 640
25 638
-
-
Dividends
43 253
62 862
-
-
withholding
11 246
16 344
-
-
total
11 246
16 344
-
-
Income
88 500
88 500
88 500
88 500
Total tax
43 087
41 982
50 517
46 542
After tax
45 413
46 518
37 983
41 958
Living cost
13 406
13 406
13 406
13 406
Free-cash
32 007
33 112
24 577
28 552

Estimated living cost  is ₴13406 per week

₴8337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45893
₴31193
₴35102
₴40528
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
8 849
social contributions
-
-
-
17 562
solidarity contribution
-
-
-
-
health
-
-
-
11 948
total
-
-
-
38 359
Employee
22 117
-
67 398
-
solidarity contribution
-
-
-
-
social contributions
1 438
-
3 909
-
income
2 654
-
8 158
-
health
2 986
-
9 099
-
total
7 078
-
21 166
-
Employer
22 117
-
67 398
-
health
1 990
-
6 066
-
social contributions
5 529
-
15 036
-
total
7 519
-
21 102
-
Corporate
58 863
88 500
-
-
income
11 184
16 815
-
-
total
11 184
16 815
-
-
Dividends
47 679
71 685
-
-
withholding
7 152
10 753
-
-
total
7 152
10 753
-
-
Income
88 500
88 500
88 500
88 500
Total tax
32 933
27 568
42 268
38 359
After tax
55 567
60 932
46 232
50 141
Living cost
15 039
15 039
15 039
15 039
Free-cash
40 528
45 893
31 193
35 102

Estimated living cost  is ₴15039 per week

₴11184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33133
₴7595
₴29646
₴32888
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
24 367
surtax
-
-
-
-
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
354
health
-
-
-
4 447
pensions
-
-
-
10 756
total
-
-
-
42 976
Employee
21 755
19 833
70 841
-
other
217
198
582
-
unemployment
653
595
1 744
-
pensions
2 228
2 031
5 954
-
income
1 938
1 463
19 600
-
health
841
768
2 250
-
total
5 877
5 055
30 130
-
Employer
21 755
19 833
70 841
-
chamber of commerce
87
79
283
-
health
823
750
2 198
-
pensions
2 730
2 490
7 297
-
accident
282
258
756
-
unemployment
653
595
1 744
-
surtax
-
-
-
-
payroll
653
595
2 125
-
other
1 033
942
3 256
-
total
6 261
5 709
17 659
-
Corporate
60 485
62 959
68 952
-
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.

15 121
15 740
17 238
-
total
15 121
15 740
17 238
-
Dividends
45 363
47 219
-
-
withholding
12 475
12 985
-
-
total
12 475
12 985
-
-
Income
88 500
88 500
88 500
88 500
Total tax
39 734
39 489
65 027
42 976
After tax
48 766
49 011
23 473
45 524
Living cost
15 878
15 878
15 878
15 878
Free-cash
32 888
33 133
7 595
29 646

Estimated living cost  is ₴15878 per week

₴9525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴77826
₴64551
₴81366
₴76654
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
88 500
microenterprise

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

-
-
-
885
total
-
-
-
885
Employee
7 811
-
88 500
-
income
1 562
-
17 700
-
total
1 562
-
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%.

80 689
88 500
-
-
total
-
-
-
-
Dividends
80 689
88 500
-
-
withholding
4 035
4 425
-
-
total
4 035
4 425
-
-
Income
88 500
88 500
88 500
88 500
Total tax
5 597
4 425
17 700
885
After tax
82 903
84 075
70 800
87 615
Living cost
6 249
6 249
6 249
6 249
Free-cash
76 654
77 826
64 551
81 366

Estimated living cost  is ₴6249 per week

₴4229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47584
₴27487
₴29832
₴43422
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
88 500
income
-
-
-
20 315
unemployment
-
-
-
133
health
-
-
-
8 709
pensions
-
-
-
16 162
total
-
-
-
45 319
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.

22 007
-
76 577
-
unemployment
31
-
108
-
pensions
3 411
-
11 870
-
income
3 795
-
18 816
-
health
1 421
-
4 947
-
total
8 658
-
35 741
-
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.

22 007
-
76 577
-
health
1 466
-
5 100
-
pensions
1 947
-
6 777
-
unemployment
13
-
46
-
total
3 426
-
11 923
-
Corporate
63 066
88 500
-
-
income
11 983
16 815
-
-
total
11 983
16 815
-
-
Dividends
51 083
71 685
-
-
withholding
7 662
10 752
-
-
total
7 662
10 752
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 729
27 567
47 664
45 319
After tax
56 771
60 933
40 836
43 181
Living cost
13 349
13 349
13 349
13 349
Free-cash
43 422
47 584
27 487
29 832

Estimated living cost  is ₴13349 per week

₴9161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3074
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32585
₴60761
₴39903
₴9150
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
17 250
social contributions
-
-
-
10 089
total
-
-
-
27 339
Employee
30 481
-
-
-
social contributions
2 499
-
356
-
income
6 724
-
-
-
total
9 223
-
356
-
Employer
30 481
-
-
-
social contributions
42 979
-
6 125
-
total
42 979
-
6 125
-
Corporate
15 040
88 500
-
-
income
3 309
19 470
-
-
total
3 309
19 470
-
-
Dividends
11 731
69 030
-
-
income
2 581
15 187
-
-
total
2 581
15 187
-
-
Income
88 500
88 500
88 500
88 500
Total tax
58 092
34 657
6 481
27 339
After tax
30 408
53 843
82 019
61 161
Living cost
21 258
21 258
21 258
21 258
Free-cash
9 150
32 585
60 761
39 903

Estimated living cost  is ₴21258 per week

₴13793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1999
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34729
₴25022
₴31732
₴34228
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
88 500
income
-
-
-
10 404
surtax
-
-
-
-
social contributions

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

-
-
-
30 754
total
-
-
-
41 158
Employee
22 889
-
71 515
-
surtax
-
-
-
-
social contributions
2 518
-
7 867
-
income
4 761
-
23 016
-
total
7 279
-
30 883
-
Employer
22 889
-
71 515
-
social contributions
5 436
-
16 985
-
total
5 436
-
16 985
-
Corporate
60 175
88 500
-
-
income
12 636
18 585
-
-
surtax
-
-
-
-
total
12 636
18 585
-
-
Dividends
47 538
69 915
-
-
withholding
13 311
19 576
-
-
total
13 311
19 576
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 662
38 161
47 868
41 158
After tax
49 838
50 339
40 632
47 342
Living cost
15 610
15 610
15 610
15 610
Free-cash
34 228
34 729
25 022
31 732

Estimated living cost  is ₴15610 per week

₴11680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2749
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20568
₴24494
₴25822
₴23987
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
13 906
other
-
-
-
2 744
surtax
-
-
-
-
social contributions
-
-
-
2 522
health
-
-
-
3 769
pensions
-
-
-
15 700
total
-
-
-
38 641
Employee
31 170
-
68 530
-
pensions
3 526
-
4 750
-
surtax
-
-
-
-
social contributions
888
-
1 952
-
income
2 720
-
13 296
-
total
7 134
-
19 998
-
Employer
31 170
-
68 530
-
health
2 182
-
6 323
-
pensions
5 122
-
8 000
-
unemployment
1 263
-
2 776
-
social contributions
93
-
206
-
other
1 076
-
2 666
-
total
9 736
-
19 971
-
Corporate
47 594
88 500
-
-
income
13 327
24 780
-
-
surtax
-
-
-
-
total
13 327
24 780
-
-
Dividends
34 268
63 720
-
-
surtax
-
-
-
-
social contributions
5 893
10 959
-
-
withholding
4 386
8 156
-
-
total
10 279
19 115
-
-
Income
88 500
88 500
88 500
88 500
Total tax
40 476
43 895
39 969
38 641
After tax
48 024
44 605
48 531
49 859
Living cost
24 037
24 037
24 037
24 037
Free-cash
23 987
20 568
24 494
25 822

Estimated living cost  is ₴24037 per week

₴16268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5473
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64690
₴52541
₴50189
₴63018
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 881
social contributions
-
-
-
19 470
total
-
-
-
23 351
Employee
16 000
-
76 624
-
income
-
-
4 142
-
social contributions
1 040
-
4 981
-
total
1 040
-
9 123
-
Employer
16 000
-
76 624
-
social contributions
2 480
-
11 876
-
total
2 480
-
11 876
-
Corporate
70 020
88 500
-
-
income
7 002
8 850
-
-
total
7 002
8 850
-
-
Dividends
63 018
79 650
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
10 522
8 850
20 999
23 351
After tax
77 978
79 650
67 501
65 149
Living cost
14 960
14 960
14 960
14 960
Free-cash
63 018
64 690
52 541
50 189

Estimated living cost  is ₴14960 per week

₴9673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1128
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.
₴3878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19927
-₴19927
₴28180
-₴19927
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
labour market
-
-
-
7 046
municipal
-
-
-
18 460
national
-
-
-
10 416
pensions
-
-
-
431
total
-
-
-
36 353
Employee
101 158
101 158
101 158
-
municipal
21 541
21 541
21 541
-
labour market
8 081
8 081
8 081
-
pensions
144
144
144
-
national
12 358
12 358
12 358
-
total
42 124
42 124
42 124
-
Employer
101 158
101 158
101 158
-
national
12 380
12 380
12 380
-
labour market
8 093
8 093
8 093
-
pensions
288
288
288
-
municipal
21 575
21 575
21 575
-
total
42 336
42 336
42 336
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
88 500
88 500
88 500
88 500
Total tax
84 460
84 460
84 460
36 353
After tax
4 040
4 040
4 040
52 147
Living cost
23 967
23 967
23 967
23 967
Free-cash
-19 927
-19 927
-19 927
28 180

Estimated living cost  is ₴23967 per week

₴16403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴369
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5075
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3778
₴37109
₴49554
₴5488
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
accident
-
-
-
128
income
-
-
-
24 482
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
27 999
Employee
17 220
-
79 654
-
pensions
1 939
-
3 853
-
income
2 362
-
18 625
-
health
1 972
-
9 120
-
total
6 273
-
31 598
-
Employer
17 220
-
79 654
-
pensions
2 800
-
5 564
-
accident
288
-
1 330
-
unemployment
422
-
1 952
-
total
3 510
-
8 846
-
Corporate
67 771
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.

60 994
79 650
-
-
total
60 994
79 650
-
-
Dividends
6 777
8 850
-
-
withholding
1 288
1 681
-
-
total
1 288
1 681
-
-
Income
88 500
88 500
88 500
88 500
Total tax
72 065
81 331
40 444
27 999
After tax
16 435
7 169
48 056
60 501
Living cost
10 947
10 947
10 947
10 947
Free-cash
5 488
-3 778
37 109
49 554

Estimated living cost  is ₴10947 per week

₴7968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36297
₴27267
₴37853
₴37569
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
88 500
health
-
-
-
1 155
municipal
-
-
-
15 722
national
-
-
-
14 663
total
-
-
-
31 540
Employee
26 184
-
74 452
-
municipal
4 289
-
12 126
-
unemployment
393
-
1 116
-
pensions
1 767
-
5 025
-
national
433
-
8 871
-
health
195
-
939
-
total
7 077
-
28 077
-
Employer
26 184
-
74 452
-
health
201
-
573
-
pensions
4 543
-
12 917
-
accident
26
-
75
-
unemployment
170
-
484
-
total
4 940
-
14 049
-
Corporate
57 376
88 500
-
-
income
11 475
17 700
-
-
total
11 475
17 700
-
-
Dividends

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

34 426
53 100
-
-
municipal
6 196
9 558
-
-
national
2 136
5 838
-
-
total
8 332
15 396
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 824
33 096
42 126
31 540
After tax
56 676
55 404
46 374
56 960
Living cost
19 107
19 107
19 107
19 107
Free-cash
37 569
36 297
27 267
37 853

Estimated living cost  is ₴19107 per week

₴12481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1838
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53036
₴48148
₴48925
₴50327
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
17 743
social contributions
-
-
-
8 052
health
-
-
-
2 257
total
-
-
-
28 052
Employee
38 269
38 269
82 686
-
social contributions
1 447
3 176
4 284
-
income
4 167
3 543
17 326
-
health
297
651
1 405
-
total
5 911
7 370
23 015
-
Employer
38 269
38 269
82 686
-
health
322
708
1 530
-
social contributions
1 447
3 176
4 284
-
total
1 769
3 884
5 814
-
Corporate
69 298
46 347
-
-
income
8 662
5 793
-
-
total
8 662
5 793
-
-
Dividends
60 636
40 554
-
-
withholding
10 308
6 894
-
-
total
10 308
6 894
-
-
Income
88 500
88 500
88 500
88 500
Total tax
26 650
23 941
28 829
28 052
After tax
61 850
64 559
59 671
60 448
Living cost
11 523
11 523
11 523
11 523
Free-cash
50 327
53 036
48 148
48 925

Estimated living cost  is ₴11523 per week

₴6906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1130
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.
₴3232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65384
₴56624
₴66606
₴62853
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
88 500
income
-
-
-
9 011
unemployment
-
-
-
14
health
-
-
-
1 801
pensions
-
-
-
3 166
total
-
-
-
13 992
Employee

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

11 423
-
83 636
-
unemployment
57
-
236
-
pensions
1 713
-
7 083
-
income
781
-
7 777
-
health
971
-
4 014
-
total
3 522
-
19 110
-
Employer

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

11 423
-
83 636
-
health
491
-
2 031
-
pensions
628
-
2 597
-
unemployment
57
-
236
-
total
1 176
-
4 864
-
Corporate
75 901
88 500
-
-
income
6 831
7 965
-
-
total
6 831
7 965
-
-
Dividends
69 070
80 535
-
-
withholding
6 216
7 249
-
-
total
6 216
7 249
-
-
Income
88 500
88 500
88 500
88 500
Total tax
17 745
15 214
23 974
13 992
After tax
70 755
73 286
64 526
74 508
Living cost
7 902
7 902
7 902
7 902
Free-cash
62 853
65 384
56 624
66 606

Estimated living cost  is ₴7902 per week

₴5041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴569
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45296
₴33885
₴35972
₴43099
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
accident
-
-
-
416
income
-
-
-
25 004
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
38 843
Employee
18 402
-
73 794
-
other
18
-
46
-
unemployment
285
-
715
-
pensions
865
-
2 168
-
income
3 548
-
23 296
-
total
4 716
-
26 225
-
Employer
18 402
-
73 794
-
pensions
4 342
-
10 886
-
accident
365
-
913
-
unemployment
1 012
-
2 537
-
other
147
-
369
-
total
5 866
-
14 705
-
Corporate
64 231
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.

9 635
13 275
-
-
total
9 635
13 275
-
-
Dividends
54 596
75 225
-
-
withholding
11 499
16 244
-
-
total
11 499
16 244
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 716
29 519
40 930
38 843
After tax
56 784
58 981
47 570
49 657
Living cost
13 685
13 685
13 685
13 685
Free-cash
43 099
45 296
33 885
35 972

Estimated living cost  is ₴13685 per week

₴9237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1316
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.
₴2893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴54216
₴55853
₴55925
₴54050
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30 299
health
-
-
-
533
pensions
-
-
-
735
total
-
-
-
31 567
Employee
1 535
-
87 673
-
unemployment
15
-
37
-
pensions
138
-
331
-
income
297
-
30 260
-
health
77
-
184
-
total
527
-
30 812
-
Employer
1 535
-
87 673
-
health
146
-
349
-
pensions
169
-
404
-
unemployment
31
-
74
-
total
346
-
827
-
Corporate
86 619
88 500
-
-
income
19 056
19 470
-
-
total
19 056
19 470
-
-
Dividends
67 563
69 030
-
-
withholding
13 513
13 806
-
-
total
13 513
13 806
-
-
Income
88 500
88 500
88 500
88 500
Total tax
33 442
33 276
31 639
31 567
After tax
55 058
55 224
56 861
56 933
Living cost
1 008
1 008
1 008
1 008
Free-cash
54 050
54 216
55 853
55 925

Estimated living cost  is ₴1008 per week

₴599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55350
₴45984
₴45982
₴52908
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
88 500
income
-
-
-
20 050
unemployment
-
-
-
551
health
-
-
-
3 781
pensions
-
-
-
9 545
total
-
-
-
33 927
Employee

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

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

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

12 954
-
81 929
-
unemployment
97
-
275
-
pensions
1 814
-
5 139
-
income
1 786
-
20 050
-
health
667
-
1 891
-
total
4 364
-
27 355
-
Employer

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

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

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

12 954
-
81 929
-
health
667
-
1 891
-
pensions
1 554
-
4 405
-
unemployment
97
-
275
-
total
2 318
-
6 571
-
Corporate
73 227
88 500
-
-
income
10 984
13 275
-
-
total
10 984
13 275
-
-
Dividends
62 243
75 225
-
-
withholding
9 336
11 284
-
-
total
9 336
11 284
-
-
Income
88 500
88 500
88 500
88 500
Total tax
27 002
24 559
33 926
33 927
After tax
61 498
63 941
54 574
54 573
Living cost
8 590
8 590
8 590
8 590
Free-cash
52 908
55 350
45 984
45 982

Estimated living cost  is ₴8590 per week

₴5784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴664
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.
₴1893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36922
₴27215
₴33925
₴36743
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
88 500
income
-
-
-
10 404
surtax
-
-
-
-
social contributions

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

-
-
-
30 754
total
-
-
-
41 158
Employee
19 316
-
71 515
-
surtax
-
-
-
-
social contributions
2 125
-
7 867
-
income
3 774
-
23 016
-
total
5 899
-
30 883
-
Employer
19 316
-
71 515
-
social contributions
4 587
-
16 985
-
total
4 587
-
16 985
-
Corporate
64 597
88 500
-
-
income
13 566
18 585
-
-
surtax
-
-
-
-
total
13 566
18 585
-
-
Dividends
51 031
69 915
-
-
withholding
14 288
19 576
-
-
total
14 288
19 576
-
-
Income
88 500
88 500
88 500
88 500
Total tax
38 340
38 161
47 868
41 158
After tax
50 160
50 339
40 632
47 342
Living cost
13 417
13 417
13 417
13 417
Free-cash
36 743
36 922
27 215
33 925

Estimated living cost  is ₴13417 per week

₴9503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴41491
₴30080
₴32167
₴38233
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
accident
-
-
-
416
income
-
-
-
25 004
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
38 843
Employee
24 035
-
73 794
-
other
24
-
46
-
unemployment
372
-
715
-
pensions
1 130
-
2 168
-
income
5 020
-
23 296
-
total
6 546
-
26 225
-
Employer
24 035
-
73 794
-
pensions
5 672
-
10 886
-
accident
476
-
913
-
unemployment
1 322
-
2 537
-
other
193
-
369
-
total
7 663
-
14 705
-
Corporate
56 801
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.

8 521
13 275
-
-
total
8 521
13 275
-
-
Dividends
48 281
75 225
-
-
withholding
10 047
16 244
-
-
total
10 047
16 244
-
-
Income
88 500
88 500
88 500
88 500
Total tax
32 777
29 519
40 930
38 843
After tax
55 723
58 981
47 570
49 657
Living cost
17 490
17 490
17 490
17 490
Free-cash
38 233
41 491
30 080
32 167

Estimated living cost  is ₴17490 per week

₴12561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67109
₴65507
₴62025
₴64075
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
income
-
-
-
13 275
unemployment
-
-
-
70
health
-
-
-
1 999
pensions

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

-
-
-
2 572
total
-
-
-
17 916
Employee
11 334
-
85 090
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
pensions

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

995
-
1 526
-
income
1 134
-
8 509
-
health
521
-
799
-
total
2 775
-
11 025
-
Employer
11 334
-
85 090
-
health
782
-
1 199
-
pensions

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

1 249
-
1 915
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
unemployment
68
-
104
-
total
2 224
-
3 409
-
Corporate
74 943
88 500
-
-
income
7 494
8 850
-
-
total
7 494
8 850
-
-
Dividends
67 448
79 650
-
-
withholding
3 373
3 982
-
-
total
3 373
3 982
-
-
Income
88 500
88 500
88 500
88 500
Total tax
15 866
12 832
14 434
17 916
After tax
72 634
75 668
74 066
70 584
Living cost
8 559
8 559
8 559
8 559
Free-cash
64 075
67 109
65 507
62 025

Estimated living cost  is ₴8559 per week

₴5661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26331
₴36927
₴27548
₴32842
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
88 500
income

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

-
-
-
27 449
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.

-
-
-
1 510
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.

-
-
-
3 400
trade
-
-
-
9 379
total
-
-
-
41 738
Employee

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

24 762
-
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.

112
-
1 510
-
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.

2 036
-
27 449
-
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.

3 400
-
3 400
-
total
5 548
-
32 359
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 738
88 500
-
-
income
9 560
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.

526
730
-
-
chamber of commerce
169
205
-
-
trade
9 147
12 700
-
-
total
19 402
26 910
-
-
Dividends
44 335
61 590
-
-
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.

599
837
-
-
withholding
10 895
15 208
-
-
total
11 494
16 045
-
-
Income
88 500
88 500
88 500
88 500
Total tax
36 444
42 955
32 359
41 738
After tax
52 056
45 545
56 141
46 762
Living cost
19 214
19 214
19 214
19 214
Free-cash
32 842
26 331
36 927
27 548

Estimated living cost  is ₴19214 per week

₴13254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2067
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.
₴3613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33600
₴18191
₴18191
₴34699
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 174
social contributions
-
-
-
14 785
total
-
-
-
41 959
Employee
38 929
-
88 500
-
income
7 346
-
27 174
-
social contributions
3 234
-
14 785
-
total
10 580
-
41 959
-
Employer
38 929
-
88 500
-
total
-
-
-
-
Corporate
49 571
88 500
-
-
income
6 196
11 062
-
-
total
6 196
11 062
-
-
Dividends
43 374
77 438
-
-
withholding
8 675
15 488
-
-
total
8 675
15 488
-
-
Income
88 500
88 500
88 500
88 500
Total tax
25 451
26 550
41 959
41 959
After tax
63 049
61 950
46 541
46 541
Living cost
28 350
28 350
28 350
28 350
Free-cash
34 699
33 600
18 191
18 191

Estimated living cost  is ₴28350 per week

₴21568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2310
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36830
₴44808
₴53251
₴38570
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
88 500
income
-
-
-
14 166
health

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

-
-
-
3 017
total
-
-
-
17 183
Employee
22 830
-
86 211
-
income
2 477
-
21 048
-
social contributions
2 287
-
2 289
-
total
4 764
-
23 337
-
Employer
22 830
-
86 211
-
social contributions
2 287
-
2 289
-
total
2 287
-
2 289
-
Corporate
63 382
88 500
-
-
income
22 184
30 975
-
-
total
22 184
30 975
-
-
Dividends
41 198
57 525
-
-
social contributions
2 629
2 629
-
-
total
2 629
2 629
-
-
Income
88 500
88 500
88 500
88 500
Total tax
31 864
33 604
25 626
17 183
After tax
56 636
54 896
62 874
71 317
Living cost
18 066
18 066
18 066
18 066
Free-cash
38 570
36 830
44 808
53 251

Estimated living cost  is ₴18066 per week

₴11900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4464
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39364
₴32146
₴40150
₴42307
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 392
pensions
-
-
-
4 492
total
-
-
-
29 884
Employee
25 347
-
77 302
-
pensions
1 935
-
5 517
-
income
4 616
-
20 056
-
health
331
-
1 117
-
total
6 882
-
26 690
-
Employer
25 347
-
77 302
-
health
482
-
1 468
-
pensions
2 561
-
9 730
-
total
3 043
-
11 198
-
Corporate
60 110
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.

11 421
16 815
-
-
total
11 421
16 815
-
-
Dividends
48 690
71 685
-
-
withholding
6 381
13 855
-
-
total
6 381
13 855
-
-
Income
88 500
88 500
88 500
88 500
Total tax
27 727
30 670
37 888
29 884
After tax
60 773
57 830
50 612
58 616
Living cost
18 466
18 466
18 466
18 466
Free-cash
42 307
39 364
32 146
40 150

Estimated living cost  is ₴18466 per week

₴12668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
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.
₴3868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4862
₴36025
₴48470
₴5322
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
accident
-
-
-
128
income
-
-
-
24 482
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
27 999
Employee
18 925
-
79 654
-
pensions
2 131
-
3 853
-
income
2 596
-
18 625
-
health
2 167
-
9 120
-
total
6 894
-
31 598
-
Employer
18 925
-
79 654
-
pensions
3 077
-
5 564
-
accident
316
-
1 330
-
unemployment
464
-
1 952
-
total
3 857
-
8 846
-
Corporate
65 719
88 500
-
-
income

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

59 147
79 650
-
-
total
59 147
79 650
-
-
Dividends
6 572
8 850
-
-
withholding
1 249
1 681
-
-
total
1 249
1 681
-
-
Income
88 500
88 500
88 500
88 500
Total tax
71 147
81 331
40 444
27 999
After tax
17 353
7 169
48 056
60 501
Living cost
12 031
12 031
12 031
12 031
Free-cash
5 322
-4 862
36 025
48 470

Estimated living cost  is ₴12031 per week

₴8829
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
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.
₴2258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67749
₴56226
₴45281
₴65420
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
88 500
income
-
-
-
14 604
unemployment
-
-
-
955
work injury
-
-
-
398
health insurance
-
-
-
5 891
pensions
-
-
-
14 647
total
-
-
-
36 495
Employee

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

10 758
-
88 500
-
health insurance
796
-
2 945
-
unemployment
129
-
478
-
work injury
54
-
199
-
pensions
1 979
-
7 324
-
income
1 076
-
14 604
-
total
4 034
-
25 550
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
77 742
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
76 965
87 615
-
-
withholding
11 545
13 142
-
-
total
11 545
13 142
-
-
Income
88 500
88 500
88 500
88 500
Total tax
16 356
14 027
25 550
36 495
After tax
72 144
74 473
62 950
52 005
Living cost
6 724
6 724
6 724
6 724
Free-cash
65 420
67 749
56 226
45 281

Estimated living cost  is ₴6724 per week

₴4165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26790
₴17488
₴21374
₴24527
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
88 500
social contributions
-
-
-
22 762
regional
-
-
-
2 028
municipal
-
-
-
591
national
-
-
-
21 919
total
-
-
-
47 300
Employee
41 937
-
88 500
-
municipal
250
-
528
-
national
7 087
-
19 016
-
regional
633
-
1 800
-
social contributions
14 141
-
29 842
-
total
22 111
-
51 186
-
Employer
41 937
-
88 500
-
total
-
-
-
-
Corporate
46 563
88 500
-
-
municipal
2 244
4 266
-
-
nationa
11 175
21 240
-
-
total
13 419
25 506
-
-
Dividends
33 143
62 994
-
-
withholding
8 617
16 378
-
-
total
8 617
16 378
-
-
Income
88 500
88 500
88 500
88 500
Total tax
44 147
41 884
51 186
47 300
After tax
44 353
46 616
37 314
41 200
Living cost
19 826
19 826
19 826
19 826
Free-cash
24 527
26 790
17 488
21 374

Estimated living cost  is ₴19826 per week

₴13927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
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.
₴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

Source of data for Rome model

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