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
₴ 89500
per

Your estimated
City
free-cash

Dresden , Germany
₴31197
₴30146
₴35621
₴41669
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
89 500
trade
-
-
-
10 472
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.

-
-
-
3 381
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.

-
-
-
1 536
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.

-
-
-
27 923
total
-
-
-
43 312
Employee

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

18 930
-
89 500
-
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
-
1 536
-
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.

529
-
27 923
-
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.

3 381
-
3 381
-
total
3 939
-
32 840
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
70 570
89 500
-
-
trade
11 114
14 096
-
-
income
10 586
13 425
-
-
chamber of commerce
177
204
-
-
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.

582
738
-
-
total
22 459
28 463
-
-
Dividends
48 112
61 037
-
-
withholding
11 839
15 071
-
-
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.

651
829
-
-
total
12 490
15 900
-
-
Income
89 500
89 500
89 500
89 500
Total tax
38 888
44 363
32 840
43 312
After tax
50 612
45 137
56 660
46 188
Living cost
14 991
14 991
14 991
14 991
Free-cash
35 621
30 146
41 669
31 197

Estimated living cost  is ₴14991 per week

₴9429
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1748
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26616
₴29635
₴29200
₴27196
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
municipal
-
-
-
9 793
pensions
-
-
-
10 740
social contributions
-
-
-
962
national
-
-
-
15 176
total
-
-
-
36 671
Employee
40 634
-
77 372
-
municipal
5 019
-
10 140
-
national
7 777
-
15 834
-
pensions
1 625
-
3 095
-
total
14 421
-
29 069
-
Employer
40 634
-
77 372
-
pensions
3 251
-
6 190
-
social contributions
437
-
832
-
total
3 688
-
7 022
-
Corporate
42 496
89 500
-
-
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%.

8 499
17 900
-
-
total
8 499
17 900
-
-
Dividends
33 997
71 600
-
-
withholding
7 479
15 752
-
-
total
7 479
15 752
-
-
Income
89 500
89 500
89 500
89 500
Total tax
34 087
33 652
36 091
36 671
After tax
55 413
55 848
53 409
52 829
Living cost
26 213
26 213
26 213
26 213
Free-cash
29 200
29 635
27 196
26 616

Estimated living cost  is ₴26213 per week

₴17816
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20789
₴61304
₴57245
₴27468
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
89 500
surtax
-
-
-
22 822
social contributions

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

-
-
-
18 962
income
-
-
-
16 631
microenterprise
-
-
-
-
total
-
-
-
58 415
Employee
14 462
-
67 830
-
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.

1 591
-
6 488
-
surtax
-
-
9 835
-
income
2 574
-
13 743
-
total
4 165
-
30 066
-
Employer
14 462
-
67 830
-
surtax
-
-
7 461
-
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.

3 483
-
14 209
-
total
3 483
-
21 670
-
Corporate
71 555
89 500
-
-
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%.

14 311
17 900
-
-
total
14 311
17 900
-
-
Dividends

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

57 243
71 600
-
-
total
-
-
-
-
Income
89 500
89 500
89 500
89 500
Total tax
21 959
17 900
51 736
58 415
After tax
67 541
71 600
37 764
31 085
Living cost
10 296
10 296
10 296
10 296
Free-cash
57 245
61 304
27 468
20 789

Estimated living cost  is ₴10296 per week

₴6569
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2513
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28516
₴23612
₴20582
₴35435
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
5 799
health
-
-
-
6 103
income
-
-
-
28 349
total
-
-
-
40 251
Employee
42 264
42 264
80 302
-
pensions
7 607
5 799
5 799
-
income

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

6 918
6 918
12 232
-
health
6 487
5 518
6 103
-
total
21 012
18 235
24 134
-
Employer
42 264
42 264
80 302
-
pensions
2 942
2 942
3 656
-
unemployment
1 521
1 521
1 891
-
health
2 938
2 938
3 651
-
total
7 401
7 401
9 198
-
Corporate
40 354
39 836
-
-
income
8 070
7 967
-
-
total
8 070
7 967
-
-
Dividends
32 283
31 868
-
-
withholding
4 842
4 780
-
-
income
6 860
6 772
-
-
total
11 702
11 552
-
-
Income
89 500
89 500
89 500
89 500
Total tax
48 185
45 155
33 332
40 251
After tax
41 315
44 345
56 168
49 249
Living cost
20 733
20 733
20 733
20 733
Free-cash
20 582
23 612
35 435
28 516

Estimated living cost  is ₴20733 per week

₴14693
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1869
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.
₴3841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25605
₴28484
₴28026
₴25111
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
municipal
-
-
-
22 830
pensions
-
-
-
4 829
health
-
-
-
2 787
other
-
-
-
5 191
unemployment
-
-
-
45
accident
-
-
-
89
national
-
-
-
7 741
total
-
-
-
43 512
Employee
29 044
-
75 464
-
municipal
8 661
-
22 503
-
national
-
-
7 468
-
total
8 661
-
29 971
-
Employer
29 044
-
75 464
-
pensions
3 140
-
4 829
-
other
3 375
-
5 191
-
unemployment
767
-
1 179
-
accident
58
-
89
-
health
1 786
-
2 747
-
total
9 126
-
14 035
-
Corporate
51 331
89 500
-
-
income
11 293
19 690
-
-
total
11 293
19 690
-
-
Dividends
40 038
69 810
-
-
withholding
12 011
20 943
-
-
total
12 011
20 943
-
-
Income
89 500
89 500
89 500
89 500
Total tax
41 091
40 633
44 006
43 512
After tax
48 409
48 867
45 494
45 988
Living cost
20 383
20 383
20 383
20 383
Free-cash
28 026
28 484
25 111
25 605

Estimated living cost  is ₴20383 per week

₴13509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26280
₴25235
₴32188
₴37218
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
89 500
trade
-
-
-
10 938
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.

-
-
-
3 381
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.

-
-
-
1 536
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.

-
-
-
27 923
total
-
-
-
43 778
Employee

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

25 098
-
89 500
-
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.

118
-
1 536
-
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.

2 156
-
27 923
-
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.

3 381
-
3 381
-
total
5 655
-
32 840
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
64 402
89 500
-
-
trade
10 594
14 723
-
-
income
9 661
13 425
-
-
chamber of commerce
167
203
-
-
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.

532
738
-
-
total
20 954
29 089
-
-
Dividends
43 449
60 411
-
-
withholding
10 674
14 914
-
-
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.

587
820
-
-
total
11 261
15 734
-
-
Income
89 500
89 500
89 500
89 500
Total tax
37 870
44 823
32 840
43 778
After tax
51 630
44 677
56 660
45 722
Living cost
19 442
19 442
19 442
19 442
Free-cash
32 188
25 235
37 218
26 280

Estimated living cost  is ₴19442 per week

₴13003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2050
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.
₴4099
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
₴45003
₴49229
₴47180
₴44222
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
health
-
-
-
2 282
social contributions
-
-
-
8 008
income
-
-
-
18 154
total
-
-
-
28 444
Employee
38 057
38 057
83 691
-
social contributions
1 849
3 159
4 260
-
income
3 996
3 523
17 733
-
health
378
647
1 423
-
total
6 223
7 329
23 416
-
Employer
38 057
38 057
83 691
-
social contributions
1 849
3 159
4 260
-
health
412
704
1 549
-
total
2 261
3 863
5 809
-
Corporate
64 962
47 581
-
-
income
8 120
5 948
-
-
total
8 120
5 948
-
-
Dividends
56 842
41 633
-
-
withholding
9 663
7 078
-
-
total
9 663
7 078
-
-
Income
89 500
89 500
89 500
89 500
Total tax
26 267
24 218
29 225
28 444
After tax
63 233
65 282
60 275
61 056
Living cost
16 053
16 053
16 053
16 053
Free-cash
47 180
49 229
44 222
45 003

Estimated living cost  is ₴16053 per week

₴10974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1254
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.
₴3556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52924
₴41195
₴41385
₴42805
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
8 950
health
-
-
-
6 265
unemployment
-
-
-
1 342
income
-
-
-
10 941
total
-
-
-
27 498
Employee

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

The minimum wage is 138,000 HUF per month.

13 104
5 215
74 895
-
pensions
1 310
522
7 490
-
unemployment
197
78
1 123
-
income
1 602
638
9 156
-
health
917
365
5 243
-
total
4 026
1 603
23 012
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 104
5 215
74 895
-
pensions
2 555
1 017
14 605
-
total
2 555
1 017
14 605
-
Corporate
73 840
83 268
-
-
income
6 646
7 494
-
-
total
6 646
7 494
-
-
Dividends
67 195
75 774
-
-
withholding
12 767
14 397
-
-
social contributions
13 043
14 716
-
-
total
25 810
29 113
-
-
Income
89 500
89 500
89 500
89 500
Total tax
39 037
39 227
37 617
27 498
After tax
50 463
50 273
51 883
62 002
Living cost
9 078
9 078
9 078
9 078
Free-cash
41 385
41 195
42 805
52 924

Estimated living cost  is ₴9078 per week

₴6195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36018
₴59646
₴56571
₴39632
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
17 900
health
-
-
-
11 635
income
-
-
-
11 993
total
-
-
-
41 528
Employee
14 040
-
66 891
-
pensions
281
-
1 337
-
unemployment
224
-
1 071
-
income
1 581
-
12 897
-
total
2 086
-
15 305
-
Employer
14 040
-
66 891
-
pensions
2 808
-
13 378
-
unemployment
113
-
535
-
health
1 825
-
8 696
-
total
4 746
-
22 609
-
Corporate
70 714
89 500
-
-
income
14 143
17 900
-
-
total
14 143
17 900
-
-
Dividends
56 571
71 600
-
-
total
-
-
-
-
Income
89 500
89 500
89 500
89 500
Total tax
20 975
17 900
37 914
41 528
After tax
68 525
71 600
51 586
47 972
Living cost
11 954
11 954
11 954
11 954
Free-cash
56 571
59 646
39 632
36 018

Estimated living cost  is ₴11954 per week

₴8199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴712
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.
₴2803
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50127
-₴3802
₴5554
₴37597
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
2 090
health
-
-
-
1 096
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
24 822
total
-
-
-
28 321
Employee
17 385
-
80 643
-
pensions
1 958
-
3 833
-
income
2 385
-
18 926
-
health
1 991
-
9 234
-
total
6 334
-
31 993
-
Employer
17 385
-
80 643
-
pensions
2 827
-
5 535
-
unemployment
426
-
1 976
-
accident
290
-
1 347
-
total
3 543
-
8 858
-
Corporate
68 571
89 500
-
-
income

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

61 714
80 550
-
-
total
61 714
80 550
-
-
Dividends
6 857
8 950
-
-
withholding
1 303
1 700
-
-
total
1 303
1 700
-
-
Income
89 500
89 500
89 500
89 500
Total tax
72 894
82 250
40 851
28 321
After tax
16 606
7 250
48 649
61 179
Living cost
11 052
11 052
11 052
11 052
Free-cash
5 554
-3 802
37 597
50 127

Estimated living cost  is ₴11052 per week

₴8100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴612
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.
₴2109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴84557
₴80977
₴80218
₴67552
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
89 500
microenterprise

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

-
-
-
895
total
-
-
-
895
Employee
5 060
-
89 500
-
income
1 012
-
17 900
-
total
1 012
-
17 900
-
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%.

84 440
89 500
-
-
total
-
-
-
-
Dividends
84 440
89 500
-
-
withholding
4 222
4 475
-
-
total
4 222
4 475
-
-
Income
89 500
89 500
89 500
89 500
Total tax
5 234
4 475
17 900
895
After tax
84 266
85 025
71 600
88 605
Living cost
4 048
4 048
4 048
4 048
Free-cash
80 218
80 977
67 552
84 557

Estimated living cost  is ₴4048 per week

₴2509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37319
₴52568
₴49226
₴37482
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
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.

-
-
-
18 063
health
-
-
-
3 312
other
-
-
-
3 575
income
-
-
-
14 044
total
-
-
-
38 994
Employee
17 970
-
71 486
-
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.

1 258
-
5 004
-
unemployment
179
-
715
-
income
3 094
-
14 097
-
health
252
-
1 001
-
total
4 783
-
20 817
-
Employer
17 970
-
71 486
-
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.

3 055
-
12 152
-
other
899
-
3 574
-
unemployment
179
-
715
-
accident
144
-
572
-
health
252
-
1 001
-
total
4 529
-
18 014
-
Corporate
67 001
89 500
-
-
income
14 070
18 795
-
-
total
14 070
18 795
-
-
Dividends
52 931
70 705
-
-
withholding
3 705
4 950
-
-
total
3 705
4 950
-
-
Income
89 500
89 500
89 500
89 500
Total tax
27 087
23 745
38 831
38 994
After tax
62 413
65 755
50 669
50 506
Living cost
13 187
13 187
13 187
13 187
Free-cash
49 226
52 568
37 482
37 319

Estimated living cost  is ₴13187 per week

₴9318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26275
₴25414
₴27461
₴18191
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
4 479
income
-
-
-
25 895
total
-
-
-
30 374
Employee
46 479
-
78 155
-
pensions
4 484
-
5 487
-
income
8 378
-
20 505
-
health
766
-
1 122
-
total
13 628
-
27 114
-
Employer
46 479
-
78 155
-
pensions
5 488
-
9 859
-
health
883
-
1 485
-
total
6 371
-
11 344
-
Corporate
36 651
89 500
-
-
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.

6 963
17 005
-
-
total
6 963
17 005
-
-
Dividends
29 687
72 495
-
-
withholding
2 226
14 230
-
-
total
2 226
14 230
-
-
Income
89 500
89 500
89 500
89 500
Total tax
29 188
31 235
38 458
30 374
After tax
60 312
58 265
51 042
59 126
Living cost
32 851
32 851
32 851
32 851
Free-cash
27 461
25 414
18 191
26 275

Estimated living cost  is ₴32851 per week

₴24616
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3860
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴64970
₴70033
₴67735
₴68505
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions

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

-
-
-
2 559
health
-
-
-
1 988
unemployment
-
-
-
69
income
-
-
-
13 425
total
-
-
-
18 041
Employee
8 592
-
86 108
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
pensions

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

754
-
1 518
-
income
859
-
8 611
-
health
395
-
795
-
total
2 103
-
11 114
-
Employer
8 592
-
86 108
-
pensions

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

947
-
1 905
-
unemployment
51
-
104
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
health
593
-
1 193
-
total
1 686
-
3 392
-
Corporate
79 222
89 500
-
-
income
7 922
8 950
-
-
total
7 922
8 950
-
-
Dividends
71 300
80 550
-
-
withholding
3 565
4 028
-
-
total
3 565
4 028
-
-
Income
89 500
89 500
89 500
89 500
Total tax
15 276
12 978
14 506
18 041
After tax
74 224
76 522
74 994
71 459
Living cost
6 489
6 489
6 489
6 489
Free-cash
67 735
70 033
68 505
64 970

Estimated living cost  is ₴6489 per week

₴3788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21805
₴16901
₴18146
₴28724
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
5 799
health
-
-
-
6 103
income
-
-
-
28 349
total
-
-
-
40 251
Employee
45 885
42 264
80 302
-
pensions
5 799
5 799
5 799
-
income

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

6 918
6 918
12 232
-
health
5 724
5 518
6 103
-
total
18 441
18 235
24 134
-
Employer
45 885
42 264
80 302
-
pensions
3 193
2 942
3 656
-
unemployment
1 652
1 521
1 891
-
health
3 189
2 938
3 651
-
total
8 034
7 401
9 198
-
Corporate
35 581
39 836
-
-
income
7 116
7 967
-
-
total
7 116
7 967
-
-
Dividends
28 465
31 868
-
-
withholding
4 270
4 780
-
-
income
6 049
6 772
-
-
total
10 319
11 552
-
-
Income
89 500
89 500
89 500
89 500
Total tax
43 910
45 155
33 332
40 251
After tax
45 590
44 345
56 168
49 249
Living cost
27 444
27 444
27 444
27 444
Free-cash
18 146
16 901
28 724
21 805

Estimated living cost  is ₴27444 per week

₴20244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2451
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4434
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38460
₴49321
₴44932
₴34500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
health
-
-
-
12 082
social contributions
-
-
-
17 700
solidarity contribution
-
-
-
-
income
-
-
-
8 958
total
-
-
-
38 740
Employee
18 089
-
68 208
-
social contributions
1 176
-
3 940
-
income
2 171
-
8 259
-
solidarity contribution
-
-
-
-
health
2 442
-
9 208
-
total
5 789
-
21 407
-
Employer
18 089
-
68 208
-
social contributions
4 522
-
15 154
-
health
1 628
-
6 139
-
total
6 150
-
21 293
-
Corporate
65 261
89 500
-
-
income
12 400
17 005
-
-
total
12 400
17 005
-
-
Dividends
52 862
72 495
-
-
withholding
7 929
10 874
-
-
total
7 929
10 874
-
-
Income
89 500
89 500
89 500
89 500
Total tax
32 268
27 879
42 700
38 740
After tax
57 232
61 621
46 800
50 760
Living cost
12 300
12 300
12 300
12 300
Free-cash
44 932
49 321
34 500
38 460

Estimated living cost  is ₴12300 per week

₴8544
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
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.
₴2639
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21754
₴26868
₴24282
₴17713
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
municipal
-
-
-
532
regional
-
-
-
1 059
social contributions
-
-
-
23 020
national
-
-
-
22 251
total
-
-
-
46 862
Employee
43 985
-
89 500
-
social contributions
14 832
-
30 179
-
municipal
233
-
474
-
regional
415
-
935
-
national
7 622
-
19 315
-
total
23 102
-
50 903
-
Employer
43 985
-
89 500
-
total
-
-
-
-
Corporate
45 515
89 500
-
-
nationa
10 924
21 480
-
-
municipal
1 775
3 490
-
-
total
12 699
24 970
-
-
Dividends
32 816
64 530
-
-
withholding
8 533
16 778
-
-
total
8 533
16 778
-
-
Income
89 500
89 500
89 500
89 500
Total tax
44 334
41 748
50 903
46 862
After tax
45 166
47 752
38 597
42 638
Living cost
20 884
20 884
20 884
20 884
Free-cash
24 282
26 868
17 713
21 754

Estimated living cost  is ₴20884 per week

₴14557
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31401
₴45374
₴43835
₴28376
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
13 211
health
-
-
-
4 689
surtax
-
-
-
3 946
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
25 219
total
-
-
-
47 178
Employee
16 367
-
75 596
-
surtax
54
-
3 354
-
pensions
1 091
-
4 406
-
other
-
-
-
-
unemployment
1 139
-
4 597
-
income
2 743
-
22 259
-
health
418
-
1 684
-
total
5 445
-
36 300
-
Employer
16 367
-
75 596
-
pensions
2 182
-
8 805
-
other
-
-
-
-
unemployment
518
-
2 093
-
health
745
-
3 005
-
total
3 445
-
13 903
-
Corporate
69 689
89 500
-
-
income
18 119
23 270
-
-
total
18 119
23 270
-
-
Dividends
51 570
66 230
-
-
withholding
7 735
9 935
-
-
total
7 735
9 935
-
-
Income
89 500
89 500
89 500
89 500
Total tax
34 744
33 205
50 203
47 178
After tax
54 756
56 295
39 297
42 322
Living cost
10 921
10 921
10 921
10 921
Free-cash
43 835
45 374
28 376
31 401

Estimated living cost  is ₴10921 per week

₴6678
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1008
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2984
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36683
₴35822
₴39066
₴28599
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
4 479
income
-
-
-
25 895
total
-
-
-
30 374
Employee
31 149
-
78 155
-
pensions
2 644
-
5 487
-
income
5 610
-
20 505
-
health
452
-
1 122
-
total
8 706
-
27 114
-
Employer
31 149
-
78 155
-
pensions
3 372
-
9 859
-
health
592
-
1 485
-
total
3 964
-
11 344
-
Corporate
54 388
89 500
-
-
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.

10 334
17 005
-
-
total
10 334
17 005
-
-
Dividends
44 053
72 495
-
-
withholding
4 987
14 230
-
-
total
4 987
14 230
-
-
Income
89 500
89 500
89 500
89 500
Total tax
27 991
31 235
38 458
30 374
After tax
61 509
58 265
51 042
59 126
Living cost
22 443
22 443
22 443
22 443
Free-cash
39 066
35 822
28 599
36 683

Estimated living cost  is ₴22443 per week

₴16814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1682
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.
₴3712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴32752
₴1146
₴18167
₴28603
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
regional
-
-
-
4 372
city
-
-
-
943
pensions
-
-
-
8 234
health
-
-
-
201
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.

-
-
-
1 790
national
-
-
-
1 428
total
-
-
-
16 968
Employee
46 553
-
80 109
-
regional
1 524
-
3 769
-
national
220
-
1 068
-
pensions
3 911
-
6 729
-
unemployment
-
-
-
-
city
500
-
860
-
health
105
-
180
-
total
6 260
-
12 606
-
Employer
46 553
-
80 109
-
pensions
3 911
-
6 729
-
other

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

931
-
1 602
-
unemployment
-
-
-
-
health
105
-
180
-
total
4 947
-
8 511
-
Corporate
37 488
89 500
-
-
regional
7 928
18 929
-
-
national
3 187
7 608
-
-
total
11 115
26 537
-
-
Dividends
26 373
62 964
-
-
withholding
9 231
22 037
-
-
total
9 231
22 037
-
-
Income
89 500
89 500
89 500
89 500
Total tax
31 553
48 574
21 117
16 968
After tax
57 947
40 926
68 383
72 532
Living cost
39 780
39 780
39 780
39 780
Free-cash
18 167
1 146
28 603
32 752

Estimated living cost  is ₴39780 per week

₴25868
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9853
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴22585
₴21546
₴29568
₴33988
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
89 500
trade
-
-
-
11 403
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.

-
-
-
3 381
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.

-
-
-
1 536
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.

-
-
-
27 923
total
-
-
-
44 243
Employee

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

29 743
-
89 500
-
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.

193
-
1 536
-
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.

3 498
-
27 923
-
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.

3 381
-
3 381
-
total
7 072
-
32 840
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 757
89 500
-
-
trade
10 248
15 349
-
-
income
8 964
13 425
-
-
chamber of commerce
160
201
-
-
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.

493
738
-
-
total
19 865
29 713
-
-
Dividends
39 892
59 787
-
-
withholding
9 785
14 758
-
-
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.

538
811
-
-
total
10 323
15 569
-
-
Income
89 500
89 500
89 500
89 500
Total tax
37 260
45 282
32 840
44 243
After tax
52 240
44 218
56 660
45 257
Living cost
22 672
22 672
22 672
22 672
Free-cash
29 568
21 546
33 988
22 585

Estimated living cost  is ₴22672 per week

₴16559
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4006
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33467
₴28176
₴31097
₴31982
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
15 737
health
-
-
-
3 857
surtax
-
-
-
-
other
-
-
-
2 774
social contributions
-
-
-
2 550
income
-
-
-
14 182
total
-
-
-
39 100
Employee
21 182
-
69 222
-
social contributions
604
-
1 972
-
surtax
-
-
-
-
pensions
2 395
-
4 832
-
income
1 250
-
13 503
-
total
4 249
-
20 307
-
Employer
21 182
-
69 222
-
pensions
3 480
-
8 132
-
social contributions
64
-
208
-
other
731
-
2 708
-
unemployment
857
-
2 803
-
health
1 483
-
6 427
-
total
6 615
-
20 278
-
Corporate
61 704
89 500
-
-
income
17 277
25 060
-
-
surtax
-
-
-
-
total
17 277
25 060
-
-
Dividends
44 426
64 440
-
-
withholding
5 687
8 248
-
-
surtax
-
-
-
-
social contributions
7 642
11 083
-
-
total
13 329
19 331
-
-
Income
89 500
89 500
89 500
89 500
Total tax
41 470
44 391
40 585
39 100
After tax
48 030
45 109
48 915
50 400
Living cost
16 933
16 933
16 933
16 933
Free-cash
31 097
28 176
31 982
33 467

Estimated living cost  is ₴16933 per week

₴10677
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.
₴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.
₴4592
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35145
₴29854
₴32604
₴33660
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
15 737
health
-
-
-
3 857
surtax
-
-
-
-
other
-
-
-
2 774
social contributions
-
-
-
2 550
income
-
-
-
14 182
total
-
-
-
39 100
Employee
18 908
-
69 222
-
social contributions
539
-
1 972
-
surtax
-
-
-
-
pensions
2 139
-
4 832
-
income
975
-
13 503
-
total
3 653
-
20 307
-
Employer
18 908
-
69 222
-
pensions
3 107
-
8 132
-
social contributions
56
-
208
-
other
653
-
2 708
-
unemployment
765
-
2 803
-
health
1 323
-
6 427
-
total
5 904
-
20 278
-
Corporate
64 688
89 500
-
-
income
18 112
25 060
-
-
surtax
-
-
-
-
total
18 112
25 060
-
-
Dividends
46 575
64 440
-
-
withholding
5 962
8 248
-
-
surtax
-
-
-
-
social contributions
8 010
11 083
-
-
total
13 972
19 331
-
-
Income
89 500
89 500
89 500
89 500
Total tax
41 641
44 391
40 585
39 100
After tax
47 859
45 109
48 915
50 400
Living cost
15 255
15 255
15 255
15 255
Free-cash
32 604
29 854
33 660
35 145

Estimated living cost  is ₴15255 per week

₴8847
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1550
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4569
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46981
₴44109
₴44364
₴45068
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
health
-
-
-
6 248
social contributions
-
-
-
12 351
income
-
-
-
13 425
total
-
-
-
32 024
Employee
16 781
-
89 500
-
social contributions
2 316
-
12 351
-
income
2 799
-
15 339
-
health
1 171
-
6 248
-
total
6 286
-
33 938
-
Employer
16 781
-
89 500
-
total
-
-
-
-
Corporate
72 719
89 500
-
-
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%.

3 636
4 475
-
-
total
3 636
4 475
-
-
Dividends
69 084
85 025
-
-
withholding
10 363
12 753
-
-
social contributions
9 534
11 733
-
-
health
4 822
5 935
-
-
total
24 719
30 421
-
-
Income
89 500
89 500
89 500
89 500
Total tax
34 641
34 896
33 938
32 024
After tax
54 859
54 604
55 562
57 476
Living cost
10 494
10 494
10 494
10 494
Free-cash
44 364
44 109
45 068
46 981

Estimated living cost  is ₴10494 per week

₴7023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28503
₴32058
₴31294
₴6253
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
10 696
health
-
-
-
4 423
surtax
-
-
-
98
unemployment
-
-
-
3 035
income
-
-
-
24 948
chamber of commerce
-
-
-
358
total
-
-
-
43 558
Employee
24 734
19 723
71 746
-
pensions
2 533
2 019
5 921
-
other
247
197
579
-
unemployment
742
592
1 735
-
income
2 816
1 455
20 114
-
health
957
764
2 237
-
total
7 295
5 027
30 586
-
Employer
24 734
19 723
71 746
-
payroll
742
592
2 153
-
chamber of commerce
99
79
287
-
pensions
3 104
2 476
7 256
-
surtax
98
98
98
-
other
1 175
936
3 289
-
unemployment
742
592
1 735
-
accident
321
256
751
-
health
934
746
2 186
-
total
7 215
5 775
17 755
-
Corporate
57 552
64 003
69 867
-
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.

14 387
16 001
17 467
-
total
14 387
16 001
17 467
-
Dividends
43 164
48 002
-
-
withholding
11 870
13 200
-
-
total
11 870
13 200
-
-
Income
89 500
89 500
89 500
89 500
Total tax
40 767
40 003
65 808
43 558
After tax
48 733
49 497
23 692
45 942
Living cost
17 439
17 439
17 439
17 439
Free-cash
31 294
32 058
6 253
28 503

Estimated living cost  is ₴17439 per week

₴11631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1488
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.
₴4034
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20773
₴32005
₴24581
₴13338
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
social contributions
-
-
-
12 339
communal

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

-
-
-
4 629
national
-
-
-
33 714
total
-
-
-
50 682
Employee

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

35 401
-
69 320
-
national
10 884
-
25 263
-
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.

2 655
-
5 199
-
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.

308
-
603
-
communal

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

1 846
-
3 616
-
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.

1 663
-
3 258
-
total
17 356
-
37 939
-
Employer

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

35 401
-
69 320
-
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.

3 137
-
6 141
-
surtax
4 014
-
7 861
-
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.

517
-
1 012
-
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.

460
-
901
-
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.

2 177
-
4 263
-
total
10 305
-
20 178
-
Corporate
43 794
89 500
-
-
income
8 759
17 900
-
-
surtax
176
358
-
-
total
8 935
18 258
-
-
Dividends
34 859
71 242
-
-
withholding

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

10 278
21 192
-
-
total
10 278
21 192
-
-
Income
89 500
89 500
89 500
89 500
Total tax
46 874
39 450
58 117
50 682
After tax
42 626
50 050
31 383
38 818
Living cost
18 045
18 045
18 045
18 045
Free-cash
24 581
32 005
13 338
20 773

Estimated living cost  is ₴18045 per week

₴11623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1578
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.
₴4562
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32328
₴41757
₴38368
₴30252
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
12 982
other
-
-
-
46
unemployment
-
-
-
321
accident
-
-
-
413
income
-
-
-
25 537
total
-
-
-
39 299
Employee
24 636
-
74 876
-
pensions
1 158
-
2 156
-
other
24
-
46
-
unemployment
382
-
711
-
income
5 198
-
23 838
-
total
6 762
-
26 751
-
Employer
24 636
-
74 876
-
pensions
5 814
-
10 826
-
other
196
-
367
-
unemployment
1 355
-
2 523
-
accident
487
-
908
-
total
7 852
-
14 624
-
Corporate
57 012
89 500
-
-
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.

8 551
13 425
-
-
total
8 551
13 425
-
-
Dividends
48 460
76 075
-
-
withholding
10 094
16 445
-
-
total
10 094
16 445
-
-
Income
89 500
89 500
89 500
89 500
Total tax
33 259
29 870
41 375
39 299
After tax
56 241
59 630
48 125
50 201
Living cost
17 873
17 873
17 873
17 873
Free-cash
38 368
41 757
30 252
32 328

Estimated living cost  is ₴17873 per week

₴13162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17094
₴25298
₴18896
₴20661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
13 414
health
-
-
-
6 288
surtax
-
-
-
4 437
accident
-
-
-
754
communal
-
-
-
5 657
income
-
-
-
14 960
total
-
-
-
45 510
Employee
37 479
-
79 947
-
surtax
2 297
-
4 900
-
pensions
2 998
-
6 396
-
income
3 620
-
17 536
-
health
1 668
-
3 558
-
total
10 583
-
32 390
-
Employer
37 479
-
79 947
-
pensions
2 998
-
6 396
-
accident
337
-
719
-
health
1 143
-
2 438
-
total
4 478
-
9 553
-
Corporate
47 543
89 500
-
-
communal
3 209
6 041
-
-
income
7 131
13 425
-
-
surtax
500
940
-
-
total
10 840
20 406
-
-
Dividends
36 702
69 094
-
-
withholding
5 506
10 364
-
-
income
12 301
6 536
-
-
total
17 807
16 900
-
-
Income
89 500
89 500
89 500
89 500
Total tax
43 708
37 306
41 943
45 510
After tax
45 792
52 194
47 557
43 990
Living cost
26 896
26 896
26 896
26 896
Free-cash
18 896
25 298
20 661
17 094

Estimated living cost  is ₴26896 per week

₴20176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1629
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31206
₴45179
₴43606
₴28181
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
13 211
health
-
-
-
4 689
surtax
-
-
-
3 946
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
25 219
total
-
-
-
47 178
Employee
16 667
-
75 596
-
surtax
59
-
3 354
-
pensions
1 112
-
4 406
-
other
-
-
-
-
unemployment
1 160
-
4 597
-
income
2 794
-
22 259
-
health
425
-
1 684
-
total
5 550
-
36 300
-
Employer
16 667
-
75 596
-
pensions
2 222
-
8 805
-
other
-
-
-
-
unemployment
529
-
2 093
-
health
758
-
3 005
-
total
3 509
-
13 903
-
Corporate
69 324
89 500
-
-
income
18 024
23 270
-
-
total
18 024
23 270
-
-
Dividends
51 300
66 230
-
-
withholding
7 695
9 935
-
-
total
7 695
9 935
-
-
Income
89 500
89 500
89 500
89 500
Total tax
34 778
33 205
50 203
47 178
After tax
54 722
56 295
39 297
42 322
Living cost
11 116
11 116
11 116
11 116
Free-cash
43 606
45 179
28 181
31 206

Estimated living cost  is ₴11116 per week

₴6711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29016
₴33711
₴32612
₴24995
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
municipal
-
-
-
532
regional
-
-
-
1 349
social contributions
-
-
-
23 020
national
-
-
-
22 251
total
-
-
-
47 152
Employee
27 454
-
89 500
-
social contributions
9 258
-
30 179
-
municipal
146
-
474
-
regional
370
-
1 205
-
national
4 349
-
19 315
-
total
14 123
-
51 173
-
Employer
27 454
-
89 500
-
total
-
-
-
-
Corporate
62 046
89 500
-
-
nationa
14 891
21 480
-
-
municipal
3 083
4 448
-
-
total
17 974
25 928
-
-
Dividends
44 072
63 572
-
-
withholding
11 459
16 529
-
-
total
11 459
16 529
-
-
Income
89 500
89 500
89 500
89 500
Total tax
43 556
42 457
51 173
47 152
After tax
45 944
47 043
38 327
42 348
Living cost
13 332
13 332
13 332
13 332
Free-cash
32 612
33 711
24 995
29 016

Estimated living cost  is ₴13332 per week

₴8291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3462
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35603
₴46464
₴41057
₴31643
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
health
-
-
-
12 082
social contributions
-
-
-
17 700
solidarity contribution
-
-
-
-
income
-
-
-
8 958
total
-
-
-
38 740
Employee
22 290
-
68 208
-
social contributions
1 449
-
3 940
-
income
2 675
-
8 259
-
solidarity contribution
-
-
-
-
health
3 009
-
9 208
-
total
7 133
-
21 407
-
Employer
22 290
-
68 208
-
social contributions
5 572
-
15 154
-
health
2 006
-
6 139
-
total
7 578
-
21 293
-
Corporate
59 632
89 500
-
-
income
11 330
17 005
-
-
total
11 330
17 005
-
-
Dividends
48 302
72 495
-
-
withholding
7 245
10 874
-
-
total
7 245
10 874
-
-
Income
89 500
89 500
89 500
89 500
Total tax
33 286
27 879
42 700
38 740
After tax
56 214
61 621
46 800
50 760
Living cost
15 157
15 157
15 157
15 157
Free-cash
41 057
46 464
31 643
35 603

Estimated living cost  is ₴15157 per week

₴11272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴840
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2783
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30250
₴33760
₴33517
₴7927
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
10 696
health
-
-
-
4 423
surtax
-
-
-
-
unemployment
-
-
-
3 035
income
-
-
-
24 948
chamber of commerce
-
-
-
358
total
-
-
-
43 460
Employee
21 634
19 723
71 837
-
pensions
2 216
2 019
5 921
-
other
216
197
579
-
unemployment
649
592
1 735
-
income
1 927
1 455
20 158
-
health
837
764
2 237
-
total
5 845
5 027
30 630
-
Employer
21 634
19 723
71 837
-
payroll
649
592
2 155
-
chamber of commerce
86
79
287
-
pensions
2 715
2 476
7 256
-
surtax
-
-
-
-
other
1 027
936
3 293
-
unemployment
649
592
1 735
-
accident
281
256
751
-
health
818
746
2 186
-
total
6 225
5 677
17 663
-
Corporate
61 640
64 100
69 958
-
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.

15 410
16 025
17 490
-
total
15 410
16 025
17 490
-
Dividends
46 230
48 075
-
-
withholding
12 713
13 221
-
-
total
12 713
13 221
-
-
Income
89 500
89 500
89 500
89 500
Total tax
40 193
39 950
65 783
43 460
After tax
49 307
49 550
23 717
46 040
Living cost
15 790
15 790
15 790
15 790
Free-cash
33 517
33 760
7 927
30 250

Estimated living cost  is ₴15790 per week

₴9472
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4424
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴82297
₴78717
₴77534
₴65292
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
89 500
microenterprise

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

-
-
-
895
total
-
-
-
895
Employee
7 886
-
89 500
-
income
1 577
-
17 900
-
total
1 577
-
17 900
-
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%.

81 614
89 500
-
-
total
-
-
-
-
Dividends
81 614
89 500
-
-
withholding
4 081
4 475
-
-
total
4 081
4 475
-
-
Income
89 500
89 500
89 500
89 500
Total tax
5 658
4 475
17 900
895
After tax
83 842
85 025
71 600
88 605
Living cost
6 308
6 308
6 308
6 308
Free-cash
77 534
78 717
65 292
82 297

Estimated living cost  is ₴6308 per week

₴4269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1563
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30319
₴48346
₴44207
₴27950
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
89 500
pensions
-
-
-
16 345
health
-
-
-
8 807
unemployment
-
-
-
134
income
-
-
-
20 620
total
-
-
-
45 906
Employee

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

21 885
-
77 443
-
pensions
3 392
-
12 004
-
unemployment
31
-
108
-
income
3 774
-
19 105
-
health
1 413
-
5 002
-
total
8 610
-
36 219
-
Employer

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

21 885
-
77 443
-
pensions
1 937
-
6 853
-
unemployment
13
-
46
-
health
1 458
-
5 157
-
total
3 408
-
12 056
-
Corporate
64 207
89 500
-
-
income
12 199
17 005
-
-
total
12 199
17 005
-
-
Dividends
52 008
72 495
-
-
withholding
7 801
10 874
-
-
total
7 801
10 874
-
-
Income
89 500
89 500
89 500
89 500
Total tax
32 018
27 879
48 275
45 906
After tax
57 482
61 621
41 225
43 594
Living cost
13 275
13 275
13 275
13 275
Free-cash
44 207
48 346
27 950
30 319

Estimated living cost  is ₴13275 per week

₴9110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3057
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40290
₴32890
₴9120
₴61364
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
social contributions
-
-
-
10 203
income
-
-
-
17 445
total
-
-
-
27 648
Employee
30 917
-
-
-
social contributions
2 535
-
361
-
income
6 820
-
-
-
total
9 355
-
361
-
Employer
30 917
-
-
-
social contributions
43 593
-
6 213
-
total
43 593
-
6 213
-
Corporate
14 990
89 500
-
-
income
3 298
19 690
-
-
total
3 298
19 690
-
-
Dividends
11 692
69 810
-
-
income
2 572
15 358
-
-
total
2 572
15 358
-
-
Income
89 500
89 500
89 500
89 500
Total tax
58 818
35 048
6 574
27 648
After tax
30 682
54 452
82 926
61 852
Living cost
21 562
21 562
21 562
21 562
Free-cash
9 120
32 890
61 364
40 290

Estimated living cost  is ₴21562 per week

₴13990
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2028
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5269
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32259
₴35384
₴34884
₴25473
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
89 500
surtax
-
-
-
-
social contributions

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

-
-
-
31 101
income
-
-
-
10 616
total
-
-
-
41 717
Employee
22 762
-
72 323
-
social contributions
2 504
-
7 956
-
surtax
-
-
-
-
income
4 735
-
23 370
-
total
7 239
-
31 326
-
Employer
22 762
-
72 323
-
social contributions
5 406
-
17 177
-
total
5 406
-
17 177
-
Corporate
61 332
89 500
-
-
income
12 880
18 795
-
-
surtax
-
-
-
-
total
12 880
18 795
-
-
Dividends
48 452
70 705
-
-
withholding
13 567
19 797
-
-
total
13 567
19 797
-
-
Income
89 500
89 500
89 500
89 500
Total tax
39 092
38 592
48 503
41 717
After tax
50 408
50 908
40 997
47 783
Living cost
15 524
15 524
15 524
15 524
Free-cash
34 884
35 384
25 473
32 259

Estimated living cost  is ₴15524 per week

₴11615
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴916
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26496
₴21205
₴24604
₴25011
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
15 737
health
-
-
-
3 857
surtax
-
-
-
-
other
-
-
-
2 774
social contributions
-
-
-
2 550
income
-
-
-
14 182
total
-
-
-
39 100
Employee
30 997
-
69 222
-
social contributions
883
-
1 972
-
surtax
-
-
-
-
pensions
3 506
-
4 832
-
income
2 705
-
13 503
-
total
7 094
-
20 307
-
Employer
30 997
-
69 222
-
pensions
5 093
-
8 132
-
social contributions
93
-
208
-
other
1 070
-
2 708
-
unemployment
1 256
-
2 803
-
health
2 170
-
6 427
-
total
9 682
-
20 278
-
Corporate
48 821
89 500
-
-
income
13 670
25 060
-
-
surtax
-
-
-
-
total
13 670
25 060
-
-
Dividends
35 151
64 440
-
-
withholding
4 500
8 248
-
-
surtax
-
-
-
-
social contributions
6 046
11 083
-
-
total
10 546
19 331
-
-
Income
89 500
89 500
89 500
89 500
Total tax
40 992
44 391
40 585
39 100
After tax
48 508
45 109
48 915
50 400
Living cost
23 904
23 904
23 904
23 904
Free-cash
24 604
21 205
25 011
26 496

Estimated living cost  is ₴23904 per week

₴16178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1955
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5443
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50958
₴65673
₴64010
₴53336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
social contributions
-
-
-
19 689
income
-
-
-
3 976
total
-
-
-
23 665
Employee
15 911
-
77 490
-
social contributions
1 034
-
5 037
-
income
-
-
4 240
-
total
1 034
-
9 277
-
Employer
15 911
-
77 490
-
social contributions
2 466
-
12 010
-
total
2 466
-
12 010
-
Corporate
71 123
89 500
-
-
income
7 113
8 950
-
-
total
7 113
8 950
-
-
Dividends
64 010
80 550
-
-
total
-
-
-
-
Income
89 500
89 500
89 500
89 500
Total tax
10 613
8 950
21 287
23 665
After tax
78 887
80 550
68 213
65 835
Living cost
14 877
14 877
14 877
14 877
Free-cash
64 010
65 673
53 336
50 958

Estimated living cost  is ₴14877 per week

₴9619
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3856
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28843
-₴18177
-₴18177
-₴18177
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
municipal
-
-
-
18 716
pensions
-
-
-
428
labour market
-
-
-
7 126
national
-
-
-
10 586
total
-
-
-
36 856
Employee
100 458
100 458
100 458
-
municipal
21 392
21 392
21 392
-
national
12 273
12 273
12 273
-
pensions
143
143
143
-
labour market
8 025
8 025
8 025
-
total
41 833
41 833
41 833
-
Employer
100 458
100 458
100 458
-
labour market
8 037
8 037
8 037
-
pensions
286
286
286
-
municipal
21 426
21 426
21 426
-
national
12 294
12 294
12 294
-
total
42 043
42 043
42 043
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
89 500
89 500
89 500
89 500
Total tax
83 876
83 876
83 876
36 856
After tax
5 624
5 624
5 624
52 644
Living cost
23 801
23 801
23 801
23 801
Free-cash
-18 177
-18 177
-18 177
28 843

Estimated living cost  is ₴23801 per week

₴16290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2105
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴366
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50290
-₴3639
₴5579
₴37760
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
2 090
health
-
-
-
1 096
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
24 822
total
-
-
-
28 321
Employee
17 129
-
80 643
-
pensions
1 929
-
3 833
-
income
2 350
-
18 926
-
health
1 961
-
9 234
-
total
6 240
-
31 993
-
Employer
17 129
-
80 643
-
pensions
2 785
-
5 535
-
unemployment
420
-
1 976
-
accident
286
-
1 347
-
total
3 491
-
8 858
-
Corporate
68 880
89 500
-
-
income

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

61 992
80 550
-
-
total
61 992
80 550
-
-
Dividends
6 888
8 950
-
-
withholding
1 309
1 700
-
-
total
1 309
1 700
-
-
Income
89 500
89 500
89 500
89 500
Total tax
73 032
82 250
40 851
28 321
After tax
16 468
7 250
48 649
61 179
Living cost
10 889
10 889
10 889
10 889
Free-cash
5 579
-3 639
37 760
50 290

Estimated living cost  is ₴10889 per week

₴7926
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴621
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.
₴2138
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38388
₴36937
₴38237
₴27803
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
89 500
municipal
-
-
-
15 899
health
-
-
-
1 172
national
-
-
-
15 040
total
-
-
-
32 111
Employee
26 038
-
75 293
-
municipal
4 265
-
12 263
-
national
430
-
9 062
-
pensions
1 757
-
5 082
-
unemployment
391
-
1 130
-
health
194
-
953
-
total
7 037
-
28 490
-
Employer
26 038
-
75 293
-
pensions
4 518
-
13 063
-
unemployment
169
-
489
-
accident
26
-
75
-
health
200
-
579
-
total
4 913
-
14 206
-
Corporate
58 549
89 500
-
-
income
11 710
17 900
-
-
total
11 710
17 900
-
-
Dividends

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

35 129
53 700
-
-
municipal
6 324
9 666
-
-
national
2 278
5 996
-
-
total
8 602
15 662
-
-
Income
89 500
89 500
89 500
89 500
Total tax
32 262
33 562
42 696
32 111
After tax
57 238
55 938
46 804
57 389
Living cost
19 001
19 001
19 001
19 001
Free-cash
38 237
36 937
27 803
38 388

Estimated living cost  is ₴19001 per week

₴12411
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1828
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.
₴4460
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49597
₴53823
₴51131
₴48816
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
health
-
-
-
2 282
social contributions
-
-
-
8 008
income
-
-
-
18 154
total
-
-
-
28 444
Employee
38 057
38 057
83 691
-
social contributions
1 439
3 159
4 260
-
income
4 144
3 523
17 733
-
health
295
647
1 423
-
total
5 878
7 329
23 416
-
Employer
38 057
38 057
83 691
-
social contributions
1 439
3 159
4 260
-
health
320
704
1 549
-
total
1 759
3 863
5 809
-
Corporate
70 405
47 581
-
-
income
8 800
5 948
-
-
total
8 800
5 948
-
-
Dividends
61 605
41 633
-
-
withholding
10 473
7 078
-
-
total
10 473
7 078
-
-
Income
89 500
89 500
89 500
89 500
Total tax
26 910
24 218
29 225
28 444
After tax
62 590
65 282
60 275
61 056
Living cost
11 459
11 459
11 459
11 459
Free-cash
51 131
53 823
48 816
49 597

Estimated living cost  is ₴11459 per week

₴6867
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1124
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67564
₴66257
₴63740
₴57635
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
89 500
pensions
-
-
-
3 148
health
-
-
-
1 791
unemployment
-
-
-
14
income
-
-
-
9 125
total
-
-
-
14 078
Employee

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

11 360
-
84 663
-
pensions
1 704
-
7 044
-
unemployment
56
-
235
-
income
777
-
7 899
-
health
965
-
3 992
-
total
3 502
-
19 170
-
Employer

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

11 360
-
84 663
-
pensions
625
-
2 583
-
unemployment
56
-
235
-
health
488
-
2 019
-
total
1 169
-
4 837
-
Corporate
76 971
89 500
-
-
income
6 927
8 055
-
-
total
6 927
8 055
-
-
Dividends
70 043
81 445
-
-
withholding
6 304
7 330
-
-
total
6 304
7 330
-
-
Income
89 500
89 500
89 500
89 500
Total tax
17 902
15 385
24 007
14 078
After tax
71 598
74 115
65 493
75 422
Living cost
7 858
7 858
7 858
7 858
Free-cash
63 740
66 257
57 635
67 564

Estimated living cost  is ₴7858 per week

₴5013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴566
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2044
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36591
₴46020
₴43833
₴34515
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
12 982
other
-
-
-
46
unemployment
-
-
-
321
accident
-
-
-
413
income
-
-
-
25 537
total
-
-
-
39 299
Employee
18 300
-
74 876
-
pensions
860
-
2 156
-
other
18
-
46
-
unemployment
284
-
711
-
income
3 528
-
23 838
-
total
4 690
-
26 751
-
Employer
18 300
-
74 876
-
pensions
4 318
-
10 826
-
other
147
-
367
-
unemployment
1 007
-
2 523
-
accident
363
-
908
-
total
5 835
-
14 624
-
Corporate
65 366
89 500
-
-
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.

9 805
13 425
-
-
total
9 805
13 425
-
-
Dividends
55 561
76 075
-
-
withholding
11 727
16 445
-
-
total
11 727
16 445
-
-
Income
89 500
89 500
89 500
89 500
Total tax
32 057
29 870
41 375
39 299
After tax
57 443
59 630
48 125
50 201
Living cost
13 610
13 610
13 610
13 610
Free-cash
43 833
46 020
34 515
36 591

Estimated living cost  is ₴13610 per week

₴9186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1308
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2877
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56643
₴54883
₴54725
₴56575
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
704
health
-
-
-
510
income
-
-
-
30 678
total
-
-
-
31 892
Employee
1 469
-
88 708
-
pensions
132
-
317
-
unemployment
15
-
35
-
income
284
-
30 641
-
health
73
-
176
-
total
504
-
31 169
-
Employer
1 469
-
88 708
-
pensions
162
-
387
-
unemployment
29
-
70
-
health
140
-
334
-
total
331
-
791
-
Corporate
87 700
89 500
-
-
income
19 294
19 690
-
-
total
19 294
19 690
-
-
Dividends
68 406
69 810
-
-
withholding
13 681
13 962
-
-
total
13 681
13 962
-
-
Income
89 500
89 500
89 500
89 500
Total tax
33 810
33 652
31 960
31 892
After tax
55 690
55 848
57 540
57 608
Living cost
965
965
965
965
Free-cash
54 725
54 883
56 575
56 643

Estimated living cost  is ₴965 per week

₴573
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴291
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46820
₴56110
₴53676
₴46822
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
89 500
pensions
-
-
-
9 504
health
-
-
-
3 765
unemployment
-
-
-
548
income
-
-
-
20 309
total
-
-
-
34 126
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.

12 898
-
82 957
-
pensions
1 806
-
5 117
-
unemployment
97
-
274
-
income
1 778
-
20 309
-
health
664
-
1 882
-
total
4 345
-
27 582
-
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.

12 898
-
82 957
-
pensions
1 548
-
4 386
-
unemployment
97
-
274
-
health
664
-
1 882
-
total
2 309
-
6 542
-
Corporate
74 293
89 500
-
-
income
11 144
13 425
-
-
total
11 144
13 425
-
-
Dividends
63 149
76 075
-
-
withholding
9 472
11 411
-
-
total
9 472
11 411
-
-
Income
89 500
89 500
89 500
89 500
Total tax
27 270
24 836
34 124
34 126
After tax
62 230
64 664
55 376
55 374
Living cost
8 554
8 554
8 554
8 554
Free-cash
53 676
56 110
46 822
46 820

Estimated living cost  is ₴8554 per week

₴5759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴662
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34440
₴37565
₴37386
₴27654
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
89 500
surtax
-
-
-
-
social contributions

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

-
-
-
31 101
income
-
-
-
10 616
total
-
-
-
41 717
Employee
19 209
-
72 323
-
social contributions
2 113
-
7 956
-
surtax
-
-
-
-
income
3 753
-
23 370
-
total
5 866
-
31 326
-
Employer
19 209
-
72 323
-
social contributions
4 562
-
17 177
-
total
4 562
-
17 177
-
Corporate
65 730
89 500
-
-
income
13 803
18 795
-
-
surtax
-
-
-
-
total
13 803
18 795
-
-
Dividends
51 926
70 705
-
-
withholding
14 540
19 797
-
-
total
14 540
19 797
-
-
Income
89 500
89 500
89 500
89 500
Total tax
38 771
38 592
48 503
41 717
After tax
50 729
50 908
40 997
47 783
Living cost
13 343
13 343
13 343
13 343
Free-cash
37 386
37 565
27 654
34 440

Estimated living cost  is ₴13343 per week

₴9450
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴927
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2729
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32808
₴42237
₴38999
₴30732
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
12 982
other
-
-
-
46
unemployment
-
-
-
321
accident
-
-
-
413
income
-
-
-
25 537
total
-
-
-
39 299
Employee
23 902
-
74 876
-
pensions
1 123
-
2 156
-
other
23
-
46
-
unemployment
370
-
711
-
income
4 992
-
23 838
-
total
6 508
-
26 751
-
Employer
23 902
-
74 876
-
pensions
5 641
-
10 826
-
other
192
-
367
-
unemployment
1 315
-
2 523
-
accident
473
-
908
-
total
7 621
-
14 624
-
Corporate
57 977
89 500
-
-
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.

8 697
13 425
-
-
total
8 697
13 425
-
-
Dividends
49 280
76 075
-
-
withholding
10 282
16 445
-
-
total
10 282
16 445
-
-
Income
89 500
89 500
89 500
89 500
Total tax
33 108
29 870
41 375
39 299
After tax
56 392
59 630
48 125
50 201
Living cost
17 393
17 393
17 393
17 393
Free-cash
38 999
42 237
30 732
32 808

Estimated living cost  is ₴17393 per week

₴12491
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1352
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴62945
₴68008
₴64990
₴66480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions

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

-
-
-
2 559
health
-
-
-
1 988
unemployment
-
-
-
69
income
-
-
-
13 425
total
-
-
-
18 041
Employee
11 273
-
86 108
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

990
-
1 518
-
income
1 128
-
8 611
-
health
519
-
795
-
total
2 761
-
11 114
-
Employer
11 273
-
86 108
-
pensions

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

1 242
-
1 905
-
unemployment
68
-
104
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
health
778
-
1 193
-
total
2 212
-
3 392
-
Corporate
76 015
89 500
-
-
income
7 602
8 950
-
-
total
7 602
8 950
-
-
Dividends
68 413
80 550
-
-
withholding
3 421
4 028
-
-
total
3 421
4 028
-
-
Income
89 500
89 500
89 500
89 500
Total tax
15 996
12 978
14 506
18 041
After tax
73 504
76 522
74 994
71 459
Living cost
8 514
8 514
8 514
8 514
Free-cash
64 990
68 008
66 480
62 945

Estimated living cost  is ₴8514 per week

₴5631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2193
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28012
₴26950
₴33425
₴37553
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
89 500
trade
-
-
-
9 541
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.

-
-
-
3 381
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.

-
-
-
1 536
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.

-
-
-
27 923
total
-
-
-
42 381
Employee

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

24 625
-
89 500
-
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
-
1 536
-
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.

2 025
-
27 923
-
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.

3 381
-
3 381
-
total
5 518
-
32 840
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
64 875
89 500
-
-
trade
9 309
12 843
-
-
income
9 731
13 425
-
-
chamber of commerce
170
207
-
-
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.

535
738
-
-
total
19 745
27 213
-
-
Dividends
45 129
62 287
-
-
withholding
11 095
15 384
-
-
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.

610
846
-
-
total
11 705
16 230
-
-
Income
89 500
89 500
89 500
89 500
Total tax
36 968
43 443
32 840
42 381
After tax
52 532
46 057
56 660
47 119
Living cost
19 107
19 107
19 107
19 107
Free-cash
33 425
26 950
37 553
28 012

Estimated living cost  is ₴19107 per week

₴13181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2056
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.
₴3593
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18702
₴34457
₴35551
₴18702
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
social contributions
-
-
-
14 986
income
-
-
-
27 620
total
-
-
-
42 606
Employee
38 713
-
89 500
-
social contributions
3 216
-
14 986
-
income
7 305
-
27 620
-
total
10 521
-
42 606
-
Employer
38 713
-
89 500
-
total
-
-
-
-
Corporate
50 787
89 500
-
-
income
6 348
11 188
-
-
total
6 348
11 188
-
-
Dividends
44 439
78 312
-
-
withholding
8 888
15 663
-
-
total
8 888
15 663
-
-
Income
89 500
89 500
89 500
89 500
Total tax
25 757
26 851
42 606
42 606
After tax
63 743
62 649
46 894
46 894
Living cost
28 192
28 192
28 192
28 192
Free-cash
35 551
34 457
18 702
18 702

Estimated living cost  is ₴28192 per week

₴21448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2297
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.
₴4178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54407
₴37594
₴39322
₴45528
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
89 500
health

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

-
-
-
3 039
income
-
-
-
14 088
total
-
-
-
17 127
Employee
22 704
-
87 223
-
social contributions
2 275
-
2 277
-
income
2 464
-
21 452
-
total
4 739
-
23 729
-
Employer
22 704
-
87 223
-
social contributions
2 275
-
2 277
-
total
2 275
-
2 277
-
Corporate
64 522
89 500
-
-
income
22 583
31 325
-
-
total
22 583
31 325
-
-
Dividends
41 939
58 175
-
-
social contributions
2 615
2 615
-
-
total
2 615
2 615
-
-
Income
89 500
89 500
89 500
89 500
Total tax
32 212
33 940
26 006
17 127
After tax
57 288
55 560
63 494
72 373
Living cost
17 966
17 966
17 966
17 966
Free-cash
39 322
37 594
45 528
54 407

Estimated living cost  is ₴17966 per week

₴11834
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1416
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4440
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40881
₴40020
₴42928
₴32797
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
4 479
income
-
-
-
25 895
total
-
-
-
30 374
Employee
25 044
-
78 155
-
pensions
1 911
-
5 487
-
income
4 561
-
20 505
-
health
327
-
1 122
-
total
6 799
-
27 114
-
Employer
25 044
-
78 155
-
pensions
2 530
-
9 859
-
health
476
-
1 485
-
total
3 006
-
11 344
-
Corporate
61 450
89 500
-
-
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.

11 676
17 005
-
-
total
11 676
17 005
-
-
Dividends
49 774
72 495
-
-
withholding
6 846
14 230
-
-
total
6 846
14 230
-
-
Income
89 500
89 500
89 500
89 500
Total tax
28 327
31 235
38 458
30 374
After tax
61 173
58 265
51 042
59 126
Living cost
18 245
18 245
18 245
18 245
Free-cash
42 928
40 020
32 797
40 881

Estimated living cost  is ₴18245 per week

₴12516
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1678
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3822
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴49212
-₴4717
₴5414
₴36682
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
pensions
-
-
-
2 090
health
-
-
-
1 096
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
24 822
total
-
-
-
28 321
Employee
18 825
-
80 643
-
pensions
2 120
-
3 833
-
income
2 583
-
18 926
-
health
2 155
-
9 234
-
total
6 858
-
31 993
-
Employer
18 825
-
80 643
-
pensions
3 061
-
5 535
-
unemployment
461
-
1 976
-
accident
314
-
1 347
-
total
3 836
-
8 858
-
Corporate
66 839
89 500
-
-
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.

60 155
80 550
-
-
total
60 155
80 550
-
-
Dividends
6 684
8 950
-
-
withholding
1 270
1 700
-
-
total
1 270
1 700
-
-
Income
89 500
89 500
89 500
89 500
Total tax
72 119
82 250
40 851
28 321
After tax
17 381
7 250
48 649
61 179
Living cost
11 967
11 967
11 967
11 967
Free-cash
5 414
-4 717
36 682
49 212

Estimated living cost  is ₴11967 per week

₴8782
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴46294
₴68638
₴66328
₴57162
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
89 500
pensions
-
-
-
14 544
health insurance
-
-
-
5 849
work injury
-
-
-
395
unemployment
-
-
-
949
income
-
-
-
14 793
total
-
-
-
36 530
Employee

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

10 682
-
89 500
-
pensions
1 965
-
7 272
-
health insurance
790
-
2 925
-
unemployment
128
-
474
-
income
1 068
-
14 793
-
work injury
53
-
198
-
total
4 004
-
25 662
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
78 818
89 500
-
-
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%.

788
895
-
-
total
788
895
-
-
Dividends
78 030
88 605
-
-
withholding
11 704
13 291
-
-
total
11 704
13 291
-
-
Income
89 500
89 500
89 500
89 500
Total tax
16 496
14 186
25 662
36 530
After tax
73 004
75 314
63 838
52 970
Living cost
6 676
6 676
6 676
6 676
Free-cash
66 328
68 638
57 162
46 294

Estimated living cost  is ₴6676 per week

₴4136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21862
₴27426
₴25174
₴17935
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
89 500
municipal
-
-
-
598
regional
-
-
-
2 053
social contributions
-
-
-
23 020
national
-
-
-
22 251
total
-
-
-
47 922
Employee
41 705
-
89 500
-
social contributions
14 063
-
30 179
-
municipal
249
-
533
-
regional
630
-
1 822
-
national
7 048
-
19 315
-
total
21 990
-
51 849
-
Employer
41 705
-
89 500
-
total
-
-
-
-
Corporate
47 795
89 500
-
-
nationa
11 471
21 480
-
-
municipal
2 304
4 314
-
-
total
13 775
25 794
-
-
Dividends
34 020
63 706
-
-
withholding
8 845
16 564
-
-
total
8 845
16 564
-
-
Income
89 500
89 500
89 500
89 500
Total tax
44 610
42 358
51 849
47 922
After tax
44 890
47 142
37 651
41 578
Living cost
19 716
19 716
19 716
19 716
Free-cash
25 174
27 426
17 935
21 862

Estimated living cost  is ₴19716 per week

₴13849
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1356
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4212
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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