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
₴41379
₴29619
₴31036
₴35287
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 501
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.

-
-
-
27 580
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.

-
-
-
1 517
trade
-
-
-
10 343
total
-
-
-
42 941
Employee

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

19 602
-
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.

30
-
1 517
-
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.

548
-
27 580
-
health

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

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

3 501
-
3 501
-
total
4 079
-
32 598
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 898
89 500
-
-
chamber of commerce
178
206
-
-
surtax

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

577
738
-
-
trade
11 009
14 096
-
-
income
10 485
13 425
-
-
total
22 249
28 465
-
-
Dividends
47 649
61 034
-
-
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.

645
829
-
-
withholding
11 717
15 064
-
-
total
12 362
15 893
-
-
Income
89 500
89 500
89 500
89 500
Total tax
38 690
44 358
32 598
42 941
After tax
50 810
45 142
56 902
46 559
Living cost
15 523
15 523
15 523
15 523
Free-cash
35 287
29 619
41 379
31 036

Estimated living cost  is ₴15523 per week

₴9764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1810
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.
₴3659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴26480
₴28742
₴25779
₴28291
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
962
pensions
-
-
-
10 740
national
-
-
-
15 142
municipal
-
-
-
9 771
total
-
-
-
36 615
Employee
42 019
-
77 372
-
municipal
5 190
-
10 118
-
national
8 042
-
15 679
-
pensions
1 681
-
3 095
-
total
14 913
-
28 892
-
Employer
42 019
-
77 372
-
pensions
3 362
-
6 190
-
social contributions
452
-
832
-
total
3 814
-
7 022
-
Corporate
40 894
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%.

8 179
17 900
-
-
total
8 179
17 900
-
-
Dividends
32 715
71 600
-
-
withholding
7 197
15 752
-
-
total
7 197
15 752
-
-
Income
89 500
89 500
89 500
89 500
Total tax
34 103
33 652
35 914
36 615
After tax
55 397
55 848
53 586
52 885
Living cost
27 106
27 106
27 106
27 106
Free-cash
28 291
28 742
26 480
25 779

Estimated living cost  is ₴27106 per week

₴18424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2520
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴406
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26858
₴60938
₴20156
₴56733
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
19 636
income
-
-
-
16 223
surtax
-
-
-
22 823
microenterprise
-
-
-
-
total
-
-
-
58 682
Employee
14 975
-
67 375
-
surtax
-
-
9 769
-
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.

1 648
-
6 718
-
income
2 666
-
13 368
-
total
4 314
-
29 855
-
Employer
14 975
-
67 375
-
surtax
-
-
7 411
-
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.

3 607
-
14 714
-
total
3 607
-
22 125
-
Corporate
70 917
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%.

14 184
17 900
-
-
total
14 184
17 900
-
-
Dividends

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

56 734
71 600
-
-
total
-
-
-
-
Income
89 500
89 500
89 500
89 500
Total tax
22 105
17 900
51 980
58 682
After tax
67 395
71 600
37 520
30 818
Living cost
10 662
10 662
10 662
10 662
Free-cash
56 733
60 938
26 858
20 156

Estimated living cost  is ₴10662 per week

₴6802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1015
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.
₴2603
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34364
₴22829
₴27995
₴19690
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 320
income
-
-
-
27 711
pensions
-
-
-
6 005
total
-
-
-
40 036
Employee
43 765
43 765
79 976
-
income

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

7 164
7 164
11 818
-
pensions
7 878
6 005
6 005
-
health
6 717
5 714
6 320
-
total
21 759
18 883
24 143
-
Employer
43 765
43 765
79 976
-
unemployment
1 576
1 576
1 958
-
health
3 042
3 042
3 780
-
pensions
3 046
3 046
3 786
-
total
7 664
7 664
9 524
-
Corporate
38 608
38 071
-
-
income
7 722
7 614
-
-
total
7 722
7 614
-
-
Dividends
30 886
30 457
-
-
income
6 563
6 472
-
-
withholding
4 633
4 569
-
-
total
11 196
11 041
-
-
Income
89 500
89 500
89 500
89 500
Total tax
48 341
45 202
33 667
40 036
After tax
41 159
44 298
55 833
49 464
Living cost
21 469
21 469
21 469
21 469
Free-cash
19 690
22 829
34 364
27 995

Estimated living cost  is ₴21469 per week

₴15215
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴341
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24476
₴27641
₴24990
₴27166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
5 406
health
-
-
-
2 903
accident
-
-
-
93
pensions
-
-
-
5 029
national
-
-
-
7 136
unemployment
-
-
-
47
municipal
-
-
-
22 670
total
-
-
-
43 284
Employee
30 245
-
74 884
-
municipal
9 019
-
22 330
-
national
-
-
6 851
-
total
9 019
-
29 181
-
Employer
30 245
-
74 884
-
other
3 514
-
5 406
-
unemployment
798
-
1 228
-
health
1 860
-
2 861
-
accident
61
-
93
-
pensions
3 269
-
5 029
-
total
9 502
-
14 617
-
Corporate
49 752
89 500
-
-
income
10 945
19 690
-
-
total
10 945
19 690
-
-
Dividends
38 807
69 810
-
-
withholding
11 642
20 943
-
-
total
11 642
20 943
-
-
Income
89 500
89 500
89 500
89 500
Total tax
41 108
40 633
43 798
43 284
After tax
48 392
48 867
45 702
46 216
Living cost
21 226
21 226
21 226
21 226
Free-cash
27 166
27 641
24 476
24 990

Estimated living cost  is ₴21226 per week

₴14068
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2083
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴322
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36769
₴24549
₴25966
₴31750
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 501
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.

-
-
-
27 580
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.

-
-
-
1 517
trade
-
-
-
10 803
total
-
-
-
43 401
Employee

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

25 990
-
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.

123
-
1 517
-
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.

2 233
-
27 580
-
health

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

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

3 501
-
3 501
-
total
5 857
-
32 598
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 510
89 500
-
-
chamber of commerce
168
205
-
-
surtax

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

524
738
-
-
trade
10 447
14 723
-
-
income
9 526
13 425
-
-
total
20 665
29 091
-
-
Dividends
42 845
60 409
-
-
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.

579
820
-
-
withholding
10 516
14 907
-
-
total
11 095
15 727
-
-
Income
89 500
89 500
89 500
89 500
Total tax
37 617
44 818
32 598
43 401
After tax
51 883
44 682
56 902
46 099
Living cost
20 133
20 133
20 133
20 133
Free-cash
31 750
24 549
36 769
25 966

Estimated living cost  is ₴20133 per week

₴13465
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2123
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4244
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43799
₴48670
₴44589
₴46545
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 292
health
-
-
-
2 283
income
-
-
-
17 713
total
-
-
-
28 288
Employee
39 408
39 408
83 543
-
social contributions
1 915
3 271
4 412
-
income
4 138
3 648
17 289
-
health
392
670
1 420
-
total
6 445
7 589
23 121
-
Employer
39 408
39 408
83 543
-
health
427
729
1 545
-
social contributions
1 915
3 271
4 412
-
total
2 342
4 000
5 957
-
Corporate
64 090
46 092
-
-
income
8 011
5 761
-
-
total
8 011
5 761
-
-
Dividends
56 079
40 330
-
-
withholding
9 534
6 857
-
-
total
9 534
6 857
-
-
Income
89 500
89 500
89 500
89 500
Total tax
26 332
24 207
29 078
28 288
After tax
63 168
65 293
60 422
61 212
Living cost
16 623
16 623
16 623
16 623
Free-cash
46 545
48 670
43 799
44 589

Estimated living cost  is ₴16623 per week

₴11363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1298
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3682
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42427
₴40826
₴52546
₴41021
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 265
income
-
-
-
10 941
pensions
-
-
-
8 950
unemployment
-
-
-
1 342
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.

13 650
5 433
74 895
-
income
1 669
664
9 156
-
pensions
1 365
543
7 490
-
health
956
380
5 243
-
unemployment
205
81
1 123
-
total
4 195
1 668
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.

13 650
5 433
74 895
-
pensions
2 662
1 059
14 605
-
total
2 662
1 059
14 605
-
Corporate
73 188
83 008
-
-
income
6 587
7 471
-
-
total
6 587
7 471
-
-
Dividends
66 601
75 537
-
-
social contributions
12 925
14 668
-
-
withholding
12 654
14 352
-
-
total
25 579
29 020
-
-
Income
89 500
89 500
89 500
89 500
Total tax
39 023
39 218
37 617
27 498
After tax
50 477
50 282
51 883
62 002
Living cost
9 456
9 456
9 456
9 456
Free-cash
41 021
40 826
42 427
52 546

Estimated living cost  is ₴9456 per week

₴6453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴189
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2041
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39207
₴59221
₴35592
₴56036
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 635
income
-
-
-
11 994
pensions
-
-
-
17 900
total
-
-
-
41 529
Employee
14 539
-
66 891
-
income
1 637
-
12 897
-
pensions
291
-
1 338
-
unemployment
232
-
1 070
-
total
2 160
-
15 305
-
Employer
14 539
-
66 891
-
unemployment
117
-
535
-
health
1 890
-
8 696
-
pensions
2 908
-
13 378
-
total
4 915
-
22 609
-
Corporate
70 047
89 500
-
-
income
14 010
17 900
-
-
total
14 010
17 900
-
-
Dividends
56 037
71 600
-
-
total
-
-
-
-
Income
89 500
89 500
89 500
89 500
Total tax
21 085
17 900
37 914
41 529
After tax
68 415
71 600
51 586
47 971
Living cost
12 379
12 379
12 379
12 379
Free-cash
56 036
59 221
39 207
35 592

Estimated living cost  is ₴12379 per week

₴8490
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37212
-₴4104
₴49834
₴5509
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
191
health
-
-
-
1 126
accident
-
-
-
130
income
-
-
-
24 718
pensions
-
-
-
2 147
total
-
-
-
28 312
Employee
17 861
-
80 497
-
income
2 450
-
18 778
-
pensions
2 011
-
3 937
-
health
2 045
-
9 217
-
total
6 506
-
31 932
-
Employer
17 861
-
80 497
-
unemployment
438
-
1 972
-
accident
298
-
1 344
-
pensions
2 904
-
5 686
-
total
3 640
-
9 002
-
Corporate
67 999
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.

61 199
80 550
-
-
total
61 199
80 550
-
-
Dividends
6 800
8 950
-
-
withholding
1 292
1 700
-
-
total
1 292
1 700
-
-
Income
89 500
89 500
89 500
89 500
Total tax
72 637
82 250
40 934
28 312
After tax
16 863
7 250
48 566
61 188
Living cost
11 354
11 354
11 354
11 354
Free-cash
5 509
-4 104
37 212
49 834

Estimated living cost  is ₴11354 per week

₴8322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴629
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.
₴2167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67343
₴80768
₴84348
₴79970
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 321
-
89 500
-
income
1 064
-
17 900
-
total
1 064
-
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%.

84 179
89 500
-
-
total
-
-
-
-
Dividends
84 179
89 500
-
-
withholding
4 209
4 475
-
-
total
4 209
4 475
-
-
Income
89 500
89 500
89 500
89 500
Total tax
5 273
4 475
17 900
895
After tax
84 227
85 025
71 600
88 605
Living cost
4 257
4 257
4 257
4 257
Free-cash
79 970
80 768
67 343
84 348

Estimated living cost  is ₴4257 per week

₴2638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴354
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1148
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37087
₴52100
₴36261
₴48636
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
3 702
health
-
-
-
3 429
income
-
-
-
13 748
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.

-
-
-
18 704
total
-
-
-
39 583
Employee
18 608
-
71 485
-
income
3 204
-
14 023
-
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.

1 302
-
5 004
-
health
261
-
1 001
-
unemployment
186
-
715
-
total
4 953
-
20 743
-
Employer
18 608
-
71 485
-
other
931
-
3 574
-
unemployment
186
-
715
-
health
261
-
1 001
-
accident
149
-
572
-
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.

3 164
-
12 152
-
total
4 691
-
18 014
-
Corporate
66 202
89 500
-
-
income
13 903
18 795
-
-
total
13 903
18 795
-
-
Dividends
52 300
70 705
-
-
withholding
3 661
4 949
-
-
total
3 661
4 949
-
-
Income
89 500
89 500
89 500
89 500
Total tax
27 208
23 744
38 757
39 583
After tax
62 292
65 756
50 743
49 917
Living cost
13 656
13 656
13 656
13 656
Free-cash
48 636
52 100
37 087
36 261

Estimated living cost  is ₴13656 per week

₴9649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴922
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17140
₴24492
₴25243
₴25909
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
25 535
pensions
-
-
-
4 585
total
-
-
-
30 120
Employee
48 299
-
78 187
-
income
8 706
-
20 133
-
health
796
-
1 136
-
pensions
4 660
-
5 641
-
total
14 162
-
26 910
-
Employer
48 299
-
78 187
-
health
917
-
1 486
-
pensions
5 703
-
9 827
-
total
6 620
-
11 313
-
Corporate
34 581
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.

6 571
17 005
-
-
total
6 571
17 005
-
-
Dividends
28 010
72 495
-
-
withholding
2 101
13 866
-
-
total
2 101
13 866
-
-
Income
89 500
89 500
89 500
89 500
Total tax
29 454
30 871
38 223
30 120
After tax
60 046
58 629
51 277
59 380
Living cost
34 137
34 137
34 137
34 137
Free-cash
25 909
24 492
17 140
25 243

Estimated living cost  is ₴34137 per week

₴25580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4269
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴68178
₴69856
₴64667
₴67494
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 042
income
-
-
-
13 425
pensions

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

-
-
-
2 629
unemployment
-
-
-
71
total
-
-
-
18 167
Employee
8 827
-
86 016
-
income
883
-
8 601
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

775
-
1 559
-
health
406
-
817
-
total
2 161
-
11 172
-
Employer
8 827
-
86 016
-
unemployment
53
-
107
-
health
609
-
1 225
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

973
-
1 957
-
total
1 732
-
3 484
-
Corporate
78 941
89 500
-
-
income
7 894
8 950
-
-
total
7 894
8 950
-
-
Dividends
71 047
80 550
-
-
withholding
3 553
4 028
-
-
total
3 553
4 028
-
-
Income
89 500
89 500
89 500
89 500
Total tax
15 340
12 978
14 656
18 167
After tax
74 160
76 522
74 844
71 333
Living cost
6 666
6 666
6 666
6 666
Free-cash
67 494
69 856
68 178
64 667

Estimated living cost  is ₴6666 per week

₴3892
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴177
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27414
₴15879
₴21045
₴17168
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 320
income
-
-
-
27 711
pensions
-
-
-
6 005
total
-
-
-
40 036
Employee
47 515
43 765
79 976
-
income

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

7 164
7 164
11 818
-
pensions
6 005
6 005
6 005
-
health
5 928
5 714
6 320
-
total
19 097
18 883
24 143
-
Employer
47 515
43 765
79 976
-
unemployment
1 711
1 576
1 958
-
health
3 302
3 042
3 780
-
pensions
3 307
3 046
3 786
-
total
8 320
7 664
9 524
-
Corporate
33 666
38 071
-
-
income
6 733
7 614
-
-
total
6 733
7 614
-
-
Dividends
26 933
30 457
-
-
income
5 723
6 472
-
-
withholding
4 040
4 569
-
-
total
9 763
11 041
-
-
Income
89 500
89 500
89 500
89 500
Total tax
43 913
45 202
33 667
40 036
After tax
45 587
44 298
55 833
49 464
Living cost
28 419
28 419
28 419
28 419
Free-cash
17 168
15 879
27 414
21 045

Estimated living cost  is ₴28419 per week

₴20963
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2538
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33789
₴48982
₴37707
₴44473
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 187
health
-
-
-
12 082
income
-
-
-
8 885
solidarity contribution
-
-
-
-
total
-
-
-
39 154
Employee
18 587
-
67 825
-
social contributions
1 208
-
4 048
-
solidarity contribution
-
-
-
-
income
2 230
-
8 193
-
health
2 509
-
9 156
-
total
5 947
-
21 397
-
Employer
18 587
-
67 825
-
health
1 673
-
6 104
-
social contributions
4 647
-
15 571
-
total
6 320
-
21 675
-
Corporate
64 594
89 500
-
-
income
12 273
17 005
-
-
total
12 273
17 005
-
-
Dividends
52 321
72 495
-
-
withholding
7 848
10 874
-
-
total
7 848
10 874
-
-
Income
89 500
89 500
89 500
89 500
Total tax
32 388
27 879
43 072
39 154
After tax
57 112
61 621
46 428
50 346
Living cost
12 639
12 639
12 639
12 639
Free-cash
44 473
48 982
33 789
37 707

Estimated living cost  is ₴12639 per week

₴8779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴899
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17151
₴26127
₴21195
₴23451
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 019
national
-
-
-
22 073
regional
-
-
-
1 056
municipal
-
-
-
532
total
-
-
-
46 680
Employee
45 547
-
89 500
-
social contributions
15 359
-
30 179
-
municipal
241
-
475
-
national
7 892
-
19 138
-
regional
430
-
932
-
total
23 922
-
50 724
-
Employer
45 547
-
89 500
-
total
-
-
-
-
Corporate
43 953
89 500
-
-
nationa
10 548
21 480
-
-
municipal
1 715
3 490
-
-
total
12 263
24 970
-
-
Dividends
31 690
64 530
-
-
withholding
8 239
16 778
-
-
total
8 239
16 778
-
-
Income
89 500
89 500
89 500
89 500
Total tax
44 424
41 748
50 724
46 680
After tax
45 076
47 752
38 776
42 820
Living cost
21 625
21 625
21 625
21 625
Free-cash
23 451
26 127
17 151
21 195

Estimated living cost  is ₴21625 per week

₴15075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1418
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4801
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27920
₴44986
₴31054
₴43392
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
health
-
-
-
4 856
income
-
-
-
24 684
pensions
-
-
-
13 680
surtax
-
-
-
3 800
unemployment
-
-
-
117
total
-
-
-
47 137
Employee
16 948
-
75 102
-
surtax
55
-
3 187
-
income
2 841
-
21 619
-
other
-
-
-
-
pensions
1 130
-
4 562
-
health
433
-
1 744
-
unemployment
1 180
-
4 761
-
total
5 639
-
35 873
-
Employer
16 948
-
75 102
-
other
-
-
-
-
unemployment
537
-
2 168
-
health
771
-
3 112
-
pensions
2 259
-
9 118
-
total
3 567
-
14 398
-
Corporate
68 985
89 500
-
-
income
17 936
23 270
-
-
total
17 936
23 270
-
-
Dividends
51 049
66 230
-
-
withholding
7 657
9 935
-
-
total
7 657
9 935
-
-
Income
89 500
89 500
89 500
89 500
Total tax
34 799
33 205
50 271
47 137
After tax
54 701
56 295
39 229
42 363
Living cost
11 309
11 309
11 309
11 309
Free-cash
43 392
44 986
27 920
31 054

Estimated living cost  is ₴11309 per week

₴6915
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1044
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3090
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27955
₴35307
₴36058
₴38680
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
25 535
pensions
-
-
-
4 585
total
-
-
-
30 120
Employee
32 369
-
78 187
-
income
5 830
-
20 133
-
health
470
-
1 136
-
pensions
2 747
-
5 641
-
total
9 047
-
26 910
-
Employer
32 369
-
78 187
-
health
615
-
1 486
-
pensions
3 504
-
9 827
-
total
4 119
-
11 313
-
Corporate
53 013
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.

10 072
17 005
-
-
total
10 072
17 005
-
-
Dividends
42 940
72 495
-
-
withholding
4 260
13 866
-
-
total
4 260
13 866
-
-
Income
89 500
89 500
89 500
89 500
Total tax
27 498
30 871
38 223
30 120
After tax
62 002
58 629
51 277
59 380
Living cost
23 322
23 322
23 322
23 322
Free-cash
38 680
35 307
27 955
36 058

Estimated living cost  is ₴23322 per week

₴17472
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.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3857
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴27199
-₴378
₴31458
₴17295
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
health
-
-
-
202
pensions
-
-
-
8 234
city
-
-
-
943
national
-
-
-
1 303
regional
-
-
-
4 266
total
-
-
-
16 738
Employee
48 337
-
80 106
-
national
229
-
1 026
-
city
519
-
860
-
pensions
4 061
-
6 729
-
health
109
-
180
-
regional
1 583
-
3 691
-
unemployment
-
-
-
-
total
6 501
-
12 486
-
Employer
48 337
-
80 106
-
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.

966
-
1 602
-
unemployment
-
-
-
-
health
109
-
180
-
pensions
4 061
-
6 729
-
total
5 136
-
8 511
-
Corporate
35 495
89 500
-
-
regional
7 508
18 930
-
-
national
3 017
7 607
-
-
total
10 525
26 537
-
-
Dividends
24 971
62 963
-
-
withholding
8 739
22 037
-
-
total
8 739
22 037
-
-
Income
89 500
89 500
89 500
89 500
Total tax
30 901
48 574
20 997
16 738
After tax
58 599
40 926
68 503
72 762
Living cost
41 304
41 304
41 304
41 304
Free-cash
17 295
-378
27 199
31 458

Estimated living cost  is ₴41304 per week

₴26860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3707
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴507
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10231
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴33424
₴20744
₴22161
₴29055
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 501
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.

-
-
-
27 580
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.

-
-
-
1 517
trade
-
-
-
11 263
total
-
-
-
43 861
Employee

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

30 800
-
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.

199
-
1 517
-
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.

3 622
-
27 580
-
health

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

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

3 501
-
3 501
-
total
7 322
-
32 598
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58 700
89 500
-
-
chamber of commerce
160
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.

484
738
-
-
trade
10 067
15 349
-
-
income
8 805
13 425
-
-
total
19 516
29 716
-
-
Dividends
39 184
59 784
-
-
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.

528
811
-
-
withholding
9 601
14 751
-
-
total
10 129
15 562
-
-
Income
89 500
89 500
89 500
89 500
Total tax
36 967
45 278
32 598
43 861
After tax
52 533
44 222
56 902
45 639
Living cost
23 478
23 478
23 478
23 478
Free-cash
29 055
20 744
33 424
22 161

Estimated living cost  is ₴23478 per week

₴17147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4148
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31728
₴27575
₴32914
₴30602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
2 775
social contributions
-
-
-
2 550
health
-
-
-
3 760
income
-
-
-
13 934
pensions
-
-
-
16 033
surtax
-
-
-
-
total
-
-
-
39 052
Employee
21 934
-
69 395
-
surtax
-
-
-
-
social contributions
625
-
1 978
-
income
1 294
-
13 383
-
pensions
2 480
-
4 772
-
total
4 399
-
20 133
-
Employer
21 934
-
69 395
-
other
757
-
2 685
-
unemployment
888
-
2 811
-
health
1 536
-
6 358
-
pensions
3 603
-
8 043
-
social contributions
66
-
208
-
total
6 850
-
20 105
-
Corporate
60 716
89 500
-
-
surtax
-
-
-
-
income
17 000
25 060
-
-
total
17 000
25 060
-
-
Dividends
43 716
64 440
-
-
social contributions
7 519
11 083
-
-
surtax
-
-
-
-
withholding
5 596
8 248
-
-
total
13 115
19 331
-
-
Income
89 500
89 500
89 500
89 500
Total tax
41 364
44 391
40 238
39 052
After tax
48 136
45 109
49 262
50 448
Living cost
17 534
17 534
17 534
17 534
Free-cash
30 602
27 575
31 728
32 914

Estimated living cost  is ₴17534 per week

₴11056
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1426
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4755
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33465
₴29312
₴34651
₴32158
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
2 775
social contributions
-
-
-
2 550
health
-
-
-
3 760
income
-
-
-
13 934
pensions
-
-
-
16 033
surtax
-
-
-
-
total
-
-
-
39 052
Employee
19 579
-
69 395
-
surtax
-
-
-
-
social contributions
558
-
1 978
-
income
1 010
-
13 383
-
pensions
2 215
-
4 772
-
total
3 783
-
20 133
-
Employer
19 579
-
69 395
-
other
676
-
2 685
-
unemployment
793
-
2 811
-
health
1 370
-
6 358
-
pensions
3 217
-
8 043
-
social contributions
58
-
208
-
total
6 114
-
20 105
-
Corporate
63 806
89 500
-
-
surtax
-
-
-
-
income
17 866
25 060
-
-
total
17 866
25 060
-
-
Dividends
45 941
64 440
-
-
social contributions
7 902
11 083
-
-
surtax
-
-
-
-
withholding
5 880
8 248
-
-
total
13 782
19 331
-
-
Income
89 500
89 500
89 500
89 500
Total tax
41 545
44 391
40 238
39 052
After tax
47 955
45 109
49 262
50 448
Living cost
15 797
15 797
15 797
15 797
Free-cash
32 158
29 312
33 465
34 651

Estimated living cost  is ₴15797 per week

₴9161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1605
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4731
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44787
₴43735
₴46610
₴44003
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 351
health
-
-
-
6 247
income
-
-
-
13 425
total
-
-
-
32 023
Employee
17 377
-
89 500
-
social contributions
2 398
-
12 351
-
income
2 898
-
15 248
-
health
1 213
-
6 247
-
total
6 509
-
33 846
-
Employer
17 377
-
89 500
-
total
-
-
-
-
Corporate
72 123
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%.

3 606
4 475
-
-
total
3 606
4 475
-
-
Dividends
68 517
85 025
-
-
social contributions
9 455
11 734
-
-
withholding
10 278
12 754
-
-
health
4 782
5 935
-
-
total
24 515
30 423
-
-
Income
89 500
89 500
89 500
89 500
Total tax
34 630
34 898
33 846
32 023
After tax
54 870
54 602
55 654
57 477
Living cost
10 867
10 867
10 867
10 867
Free-cash
44 003
43 735
44 787
46 610

Estimated living cost  is ₴10867 per week

₴7273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2674
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5680
₴31468
₴27876
₴30677
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 580
income
-
-
-
24 308
chamber of commerce
-
-
-
358
pensions
-
-
-
11 076
surtax
-
-
-
101
unemployment
-
-
-
3 143
total
-
-
-
43 566
Employee
25 612
20 424
71 333
-
income
2 916
1 506
19 406
-
other
256
204
599
-
pensions
2 623
2 091
6 131
-
health
991
791
2 317
-
unemployment
768
613
1 796
-
total
7 554
5 205
30 249
-
Employer
25 612
20 424
71 333
-
other
1 217
970
3 290
-
unemployment
768
613
1 796
-
health
968
772
2 263
-
surtax
101
101
101
-
accident
333
266
778
-
pensions
3 214
2 564
7 514
-
payroll
768
613
2 140
-
chamber of commerce
102
82
285
-
total
7 471
5 981
18 167
-
Corporate
56 417
63 097
69 388
-
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.

14 104
15 774
17 346
-
total
14 104
15 774
17 346
-
Dividends
42 313
47 323
-
-
withholding
11 636
13 014
-
-
total
11 636
13 014
-
-
Income
89 500
89 500
89 500
89 500
Total tax
40 765
39 974
65 762
43 566
After tax
48 735
49 526
23 738
45 934
Living cost
18 058
18 058
18 058
18 058
Free-cash
30 677
31 468
5 680
27 876

Estimated living cost  is ₴18058 per week

₴12044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1541
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4177
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12867
₴31370
₴20111
₴23685
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 777
communal

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

-
-
-
4 603
national
-
-
-
33 323
total
-
-
-
50 703
Employee

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

36 659
-
69 320
-
national
11 270
-
25 091
-
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.

2 749
-
5 199
-
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.

1 722
-
3 258
-
communal

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

1 912
-
3 616
-
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.

319
-
603
-
total
17 972
-
37 767
-
Employer

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

36 659
-
69 320
-
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.

535
-
1 012
-
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.

2 254
-
4 264
-
surtax
4 157
-
7 860
-
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.

477
-
902
-
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.

3 248
-
6 142
-
total
10 671
-
20 180
-
Corporate
42 170
89 500
-
-
surtax
168
358
-
-
income
8 434
17 900
-
-
total
8 602
18 258
-
-
Dividends
33 568
71 242
-
-
withholding

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

9 884
21 186
-
-
total
9 884
21 186
-
-
Income
89 500
89 500
89 500
89 500
Total tax
47 129
39 444
57 947
50 703
After tax
42 371
50 056
31 553
38 797
Living cost
18 686
18 686
18 686
18 686
Free-cash
23 685
31 370
12 867
20 111

Estimated living cost  is ₴18686 per week

₴12036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1634
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4724
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29578
₴41159
₴31726
₴37625
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
48
accident
-
-
-
428
income
-
-
-
25 014
pensions
-
-
-
13 443
unemployment
-
-
-
333
total
-
-
-
39 266
Employee
25 511
-
74 356
-
income
5 383
-
23 254
-
other
25
-
48
-
pensions
1 199
-
2 233
-
unemployment
396
-
736
-
total
7 003
-
26 271
-
Employer
25 511
-
74 356
-
other
203
-
380
-
unemployment
1 403
-
2 612
-
accident
505
-
940
-
pensions
6 020
-
11 211
-
total
8 131
-
15 143
-
Corporate
55 858
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.

8 379
13 425
-
-
total
8 379
13 425
-
-
Dividends
47 479
76 075
-
-
withholding
9 854
16 408
-
-
total
9 854
16 408
-
-
Income
89 500
89 500
89 500
89 500
Total tax
33 367
29 833
41 414
39 266
After tax
56 133
59 667
48 086
50 234
Living cost
18 508
18 508
18 508
18 508
Free-cash
37 625
41 159
29 578
31 726

Estimated living cost  is ₴18508 per week

₴13629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1313
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3299
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20050
₴24551
₴16485
₴18047
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 289
accident
-
-
-
755
income
-
-
-
14 612
pensions
-
-
-
13 415
communal
-
-
-
5 656
surtax
-
-
-
4 437
total
-
-
-
45 164
Employee
38 811
-
79 946
-
surtax
2 379
-
4 900
-
income
3 749
-
17 189
-
pensions
3 104
-
6 396
-
health
1 727
-
3 559
-
total
10 959
-
32 044
-
Employer
38 811
-
79 946
-
health
1 184
-
2 439
-
accident
349
-
720
-
pensions
3 104
-
6 396
-
total
4 637
-
9 555
-
Corporate
46 052
89 500
-
-
surtax
483
939
-
-
income
6 908
13 425
-
-
communal
3 108
6 042
-
-
total
10 499
20 406
-
-
Dividends
35 552
69 094
-
-
income
12 174
6 327
-
-
withholding
5 333
10 365
-
-
total
17 507
16 692
-
-
Income
89 500
89 500
89 500
89 500
Total tax
43 602
37 098
41 599
45 164
After tax
45 898
52 402
47 901
44 336
Living cost
27 851
27 851
27 851
27 851
Free-cash
18 047
24 551
20 050
16 485

Estimated living cost  is ₴27851 per week

₴20892
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1687
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27718
₴44784
₴30852
₴43154
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
health
-
-
-
4 856
income
-
-
-
24 684
pensions
-
-
-
13 680
surtax
-
-
-
3 800
unemployment
-
-
-
117
total
-
-
-
47 137
Employee
17 259
-
75 102
-
surtax
61
-
3 187
-
income
2 893
-
21 619
-
other
-
-
-
-
pensions
1 152
-
4 562
-
health
441
-
1 744
-
unemployment
1 201
-
4 761
-
total
5 748
-
35 873
-
Employer
17 259
-
75 102
-
other
-
-
-
-
unemployment
548
-
2 168
-
health
785
-
3 112
-
pensions
2 301
-
9 118
-
total
3 634
-
14 398
-
Corporate
68 608
89 500
-
-
income
17 838
23 270
-
-
total
17 838
23 270
-
-
Dividends
50 770
66 230
-
-
withholding
7 615
9 935
-
-
total
7 615
9 935
-
-
Income
89 500
89 500
89 500
89 500
Total tax
34 835
33 205
50 271
47 137
After tax
54 665
56 295
39 229
42 363
Living cost
11 511
11 511
11 511
11 511
Free-cash
43 154
44 784
27 718
30 852

Estimated living cost  is ₴11511 per week

₴6950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1001
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.
₴3294
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24698
₴33238
₴28722
₴32100
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 019
national
-
-
-
22 073
regional
-
-
-
1 349
municipal
-
-
-
532
total
-
-
-
46 973
Employee
28 429
-
89 500
-
social contributions
9 586
-
30 179
-
municipal
151
-
475
-
national
4 504
-
19 138
-
regional
383
-
1 205
-
total
14 624
-
50 997
-
Employer
28 429
-
89 500
-
total
-
-
-
-
Corporate
61 071
89 500
-
-
nationa
14 657
21 480
-
-
municipal
3 035
4 448
-
-
total
17 692
25 928
-
-
Dividends
43 378
63 572
-
-
withholding
11 279
16 529
-
-
total
11 279
16 529
-
-
Income
89 500
89 500
89 500
89 500
Total tax
43 595
42 457
50 997
46 973
After tax
45 905
47 043
38 503
42 527
Living cost
13 805
13 805
13 805
13 805
Free-cash
32 100
33 238
24 698
28 722

Estimated living cost  is ₴13805 per week

₴8586
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30854
₴46047
₴34772
₴40491
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 187
health
-
-
-
12 082
income
-
-
-
8 885
solidarity contribution
-
-
-
-
total
-
-
-
39 154
Employee
22 903
-
67 825
-
social contributions
1 489
-
4 048
-
solidarity contribution
-
-
-
-
income
2 748
-
8 193
-
health
3 092
-
9 156
-
total
7 329
-
21 397
-
Employer
22 903
-
67 825
-
health
2 061
-
6 104
-
social contributions
5 726
-
15 571
-
total
7 787
-
21 675
-
Corporate
58 809
89 500
-
-
income
11 174
17 005
-
-
total
11 174
17 005
-
-
Dividends
47 636
72 495
-
-
withholding
7 145
10 874
-
-
total
7 145
10 874
-
-
Income
89 500
89 500
89 500
89 500
Total tax
33 435
27 879
43 072
39 154
After tax
56 065
61 621
46 428
50 346
Living cost
15 574
15 574
15 574
15 574
Free-cash
40 491
46 047
30 854
34 772

Estimated living cost  is ₴15574 per week

₴11582
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴863
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7412
₴33231
₴29685
₴32979
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 580
income
-
-
-
24 308
chamber of commerce
-
-
-
358
pensions
-
-
-
11 076
surtax
-
-
-
-
unemployment
-
-
-
3 143
total
-
-
-
43 465
Employee
22 403
20 424
71 426
-
income
1 996
1 506
19 451
-
other
224
204
599
-
pensions
2 294
2 091
6 131
-
health
867
791
2 317
-
unemployment
672
613
1 796
-
total
6 053
5 205
30 294
-
Employer
22 403
20 424
71 426
-
other
1 064
970
3 294
-
unemployment
672
613
1 796
-
health
847
772
2 263
-
surtax
-
-
-
-
accident
291
266
778
-
pensions
2 812
2 564
7 514
-
payroll
672
613
2 143
-
chamber of commerce
89
82
286
-
total
6 447
5 880
18 074
-
Corporate
60 650
63 198
69 481
-
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.

15 162
15 799
17 370
-
total
15 162
15 799
17 370
-
Dividends
45 488
47 399
-
-
withholding
12 509
13 035
-
-
total
12 509
13 035
-
-
Income
89 500
89 500
89 500
89 500
Total tax
40 171
39 919
65 738
43 465
After tax
49 329
49 581
23 762
46 035
Living cost
16 350
16 350
16 350
16 350
Free-cash
32 979
33 231
7 412
29 685

Estimated living cost  is ₴16350 per week

₴9808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4581
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64966
₴78391
₴81971
₴77147
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 293
-
89 500
-
income
1 659
-
17 900
-
total
1 659
-
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%.

81 207
89 500
-
-
total
-
-
-
-
Dividends
81 207
89 500
-
-
withholding
4 060
4 475
-
-
total
4 060
4 475
-
-
Income
89 500
89 500
89 500
89 500
Total tax
5 719
4 475
17 900
895
After tax
83 781
85 025
71 600
88 605
Living cost
6 634
6 634
6 634
6 634
Free-cash
77 147
78 391
64 966
81 971

Estimated living cost  is ₴6634 per week

₴4489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴278
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27634
₴47875
₴30007
₴43588
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
8 806
income
-
-
-
20 462
pensions
-
-
-
16 345
unemployment
-
-
-
134
total
-
-
-
45 747
Employee

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

22 663
-
77 441
-
income
3 908
-
18 947
-
pensions
3 513
-
12 003
-
health
1 464
-
5 003
-
unemployment
32
-
108
-
total
8 917
-
36 061
-
Employer

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

22 663
-
77 441
-
unemployment
14
-
47
-
health
1 509
-
5 158
-
pensions
2 005
-
6 854
-
total
3 528
-
12 059
-
Corporate
63 309
89 500
-
-
income
12 029
17 005
-
-
total
12 029
17 005
-
-
Dividends
51 280
72 495
-
-
withholding
7 692
10 874
-
-
total
7 692
10 874
-
-
Income
89 500
89 500
89 500
89 500
Total tax
32 166
27 879
48 120
45 747
After tax
57 334
61 621
41 380
43 753
Living cost
13 746
13 746
13 746
13 746
Free-cash
43 588
47 875
27 634
30 007

Estimated living cost  is ₴13746 per week

₴9434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴881
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59063
₴31127
₴38527
₴5414
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
33 445
-
-
-
social contributions
2 743
-
391
-
income
7 377
-
-
-
total
10 120
-
391
-
Employer
33 445
-
-
-
social contributions
47 157
-
6 721
-
total
47 157
-
6 721
-
Corporate
8 898
89 500
-
-
income
1 957
19 690
-
-
total
1 957
19 690
-
-
Dividends
6 940
69 810
-
-
income
1 527
15 358
-
-
total
1 527
15 358
-
-
Income
89 500
89 500
89 500
89 500
Total tax
60 761
35 048
7 112
27 648
After tax
28 739
54 452
82 388
61 852
Living cost
23 325
23 325
23 325
23 325
Free-cash
5 414
31 127
59 063
38 527

Estimated living cost  is ₴23325 per week

₴15134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2194
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5700
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25122
₴34833
₴31906
₴34317
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
31 101
income
-
-
-
10 418
surtax
-
-
-
-
total
-
-
-
41 519
Employee
23 571
-
72 323
-
surtax
-
-
-
-
social contributions
2 593
-
7 955
-
income
4 903
-
23 172
-
total
7 496
-
31 127
-
Employer
23 571
-
72 323
-
social contributions
5 598
-
17 176
-
total
5 598
-
17 176
-
Corporate
60 331
89 500
-
-
surtax
-
-
-
-
income
12 669
18 795
-
-
total
12 669
18 795
-
-
Dividends
47 662
70 705
-
-
withholding
13 345
19 797
-
-
total
13 345
19 797
-
-
Income
89 500
89 500
89 500
89 500
Total tax
39 108
38 592
48 303
41 519
After tax
50 392
50 908
41 197
47 981
Living cost
16 075
16 075
16 075
16 075
Free-cash
34 317
34 833
25 122
31 906

Estimated living cost  is ₴16075 per week

₴12028
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴948
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24509
₴20356
₴25695
₴23877
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
2 775
social contributions
-
-
-
2 550
health
-
-
-
3 760
income
-
-
-
13 934
pensions
-
-
-
16 033
surtax
-
-
-
-
total
-
-
-
39 052
Employee
32 098
-
69 395
-
surtax
-
-
-
-
social contributions
914
-
1 978
-
income
2 801
-
13 383
-
pensions
3 631
-
4 772
-
total
7 346
-
20 133
-
Employer
32 098
-
69 395
-
other
1 108
-
2 685
-
unemployment
1 300
-
2 811
-
health
2 247
-
6 358
-
pensions
5 274
-
8 043
-
social contributions
96
-
208
-
total
10 025
-
20 105
-
Corporate
47 376
89 500
-
-
surtax
-
-
-
-
income
13 266
25 060
-
-
total
13 266
25 060
-
-
Dividends
34 111
64 440
-
-
social contributions
5 867
11 083
-
-
surtax
-
-
-
-
withholding
4 366
8 248
-
-
total
10 233
19 331
-
-
Income
89 500
89 500
89 500
89 500
Total tax
40 870
44 391
40 238
39 052
After tax
48 630
45 109
49 262
50 448
Living cost
24 753
24 753
24 753
24 753
Free-cash
23 877
20 356
24 509
25 695

Estimated living cost  is ₴24753 per week

₴16752
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2025
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52915
₴65145
₴50536
₴63423
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
3 869
social contributions
-
-
-
19 690
total
-
-
-
23 559
Employee
16 476
-
77 489
-
income
-
-
4 133
-
social contributions
1 071
-
5 037
-
total
1 071
-
9 170
-
Employer
16 476
-
77 489
-
social contributions
2 554
-
12 010
-
total
2 554
-
12 010
-
Corporate
70 470
89 500
-
-
income
7 047
8 950
-
-
total
7 047
8 950
-
-
Dividends
63 423
80 550
-
-
total
-
-
-
-
Income
89 500
89 500
89 500
89 500
Total tax
10 672
8 950
21 180
23 559
After tax
78 828
80 550
68 320
65 941
Living cost
15 405
15 405
15 405
15 405
Free-cash
63 423
65 145
52 915
50 536

Estimated living cost  is ₴15405 per week

₴9961
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1161
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.
₴3993
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴21986
-₴21986
₴28178
-₴21986
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
7 124
pensions
-
-
-
444
national
-
-
-
10 486
municipal
-
-
-
18 625
total
-
-
-
36 679
Employee
104 013
104 013
104 013
-
labour market
8 309
8 309
8 309
-
municipal
22 149
22 149
22 149
-
national
12 707
12 707
12 707
-
pensions
148
148
148
-
total
43 313
43 313
43 313
-
Employer
104 013
104 013
104 013
-
national
12 729
12 729
12 729
-
labour market
8 321
8 321
8 321
-
pensions
296
296
296
-
municipal
22 184
22 184
22 184
-
total
43 530
43 530
43 530
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
89 500
89 500
89 500
89 500
Total tax
86 843
86 843
86 843
36 679
After tax
2 657
2 657
2 657
52 821
Living cost
24 643
24 643
24 643
24 643
Free-cash
-21 986
-21 986
-21 986
28 178

Estimated living cost  is ₴24643 per week

₴16866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2180
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴379
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37379
-₴3937
₴50001
₴5533
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
191
health
-
-
-
1 126
accident
-
-
-
130
income
-
-
-
24 718
pensions
-
-
-
2 147
total
-
-
-
28 312
Employee
17 597
-
80 497
-
income
2 414
-
18 778
-
pensions
1 982
-
3 937
-
health
2 015
-
9 217
-
total
6 411
-
31 932
-
Employer
17 597
-
80 497
-
unemployment
431
-
1 972
-
accident
294
-
1 344
-
pensions
2 861
-
5 686
-
total
3 586
-
9 002
-
Corporate
68 316
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.

61 485
80 550
-
-
total
61 485
80 550
-
-
Dividends
6 832
8 950
-
-
withholding
1 298
1 700
-
-
total
1 298
1 700
-
-
Income
89 500
89 500
89 500
89 500
Total tax
72 780
82 250
40 934
28 312
After tax
16 720
7 250
48 566
61 188
Living cost
11 187
11 187
11 187
11 187
Free-cash
5 533
-3 937
37 379
50 001

Estimated living cost  is ₴11187 per week

₴8143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27324
₴36454
₴38164
₴37724
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 164
national
-
-
-
14 596
municipal
-
-
-
15 900
total
-
-
-
31 660
Employee
26 963
-
75 293
-
municipal
4 416
-
12 265
-
national
445
-
8 871
-
pensions
1 820
-
5 083
-
health
201
-
945
-
unemployment
405
-
1 129
-
total
7 287
-
28 293
-
Employer
26 963
-
75 293
-
unemployment
175
-
489
-
health
207
-
580
-
accident
27
-
75
-
pensions
4 678
-
13 063
-
total
5 087
-
14 207
-
Corporate
57 449
89 500
-
-
income
11 490
17 900
-
-
total
11 490
17 900
-
-
Dividends

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

34 470
53 700
-
-
national
2 031
5 804
-
-
municipal
6 205
9 666
-
-
total
8 236
15 470
-
-
Income
89 500
89 500
89 500
89 500
Total tax
32 100
33 370
42 500
31 660
After tax
57 400
56 130
47 000
57 840
Living cost
19 676
19 676
19 676
19 676
Free-cash
37 724
36 454
27 324
38 164

Estimated living cost  is ₴19676 per week

₴12852
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1893
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48556
₴53427
₴49346
₴50639
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 292
health
-
-
-
2 283
income
-
-
-
17 713
total
-
-
-
28 288
Employee
39 408
39 408
83 543
-
social contributions
1 490
3 271
4 412
-
income
4 291
3 648
17 289
-
health
305
670
1 420
-
total
6 086
7 589
23 121
-
Employer
39 408
39 408
83 543
-
health
332
729
1 545
-
social contributions
1 490
3 271
4 412
-
total
1 822
4 000
5 957
-
Corporate
69 727
46 092
-
-
income
8 716
5 761
-
-
total
8 716
5 761
-
-
Dividends
61 010
40 330
-
-
withholding
10 371
6 857
-
-
total
10 371
6 857
-
-
Income
89 500
89 500
89 500
89 500
Total tax
26 995
24 207
29 078
28 288
After tax
62 505
65 293
60 422
61 212
Living cost
11 866
11 866
11 866
11 866
Free-cash
50 639
53 427
48 556
49 346

Estimated living cost  is ₴11866 per week

₴7111
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3328
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56855
₴65978
₴67134
₴63371
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 855
income
-
-
-
9 099
pensions
-
-
-
3 260
unemployment
-
-
-
15
total
-
-
-
14 229
Employee

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

11 764
-
84 491
-
income
804
-
7 829
-
pensions
1 764
-
7 294
-
health
1 000
-
4 133
-
unemployment
58
-
243
-
total
3 626
-
19 499
-
Employer

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

11 764
-
84 491
-
unemployment
58
-
243
-
health
506
-
2 091
-
pensions
647
-
2 675
-
total
1 211
-
5 009
-
Corporate
76 526
89 500
-
-
income
6 888
8 055
-
-
total
6 888
8 055
-
-
Dividends
69 638
81 445
-
-
withholding
6 267
7 330
-
-
total
6 267
7 330
-
-
Income
89 500
89 500
89 500
89 500
Total tax
17 992
15 385
24 508
14 229
After tax
71 508
74 115
64 992
75 271
Living cost
8 137
8 137
8 137
8 137
Free-cash
63 371
65 978
56 855
67 134

Estimated living cost  is ₴8137 per week

₴5191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴586
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.
₴2116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33993
₴45574
₴36141
₴43311
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
48
accident
-
-
-
428
income
-
-
-
25 014
pensions
-
-
-
13 443
unemployment
-
-
-
333
total
-
-
-
39 266
Employee
18 950
-
74 356
-
income
3 653
-
23 254
-
other
18
-
48
-
pensions
891
-
2 233
-
unemployment
294
-
736
-
total
4 856
-
26 271
-
Employer
18 950
-
74 356
-
other
152
-
380
-
unemployment
1 043
-
2 612
-
accident
375
-
940
-
pensions
4 472
-
11 211
-
total
6 042
-
15 143
-
Corporate
64 509
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.

9 676
13 425
-
-
total
9 676
13 425
-
-
Dividends
54 833
76 075
-
-
withholding
11 522
16 408
-
-
total
11 522
16 408
-
-
Income
89 500
89 500
89 500
89 500
Total tax
32 096
29 833
41 414
39 266
After tax
57 404
59 667
48 086
50 234
Living cost
14 093
14 093
14 093
14 093
Free-cash
43 311
45 574
33 993
36 141

Estimated living cost  is ₴14093 per week

₴9513
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2979
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56600
₴54898
₴56668
₴54744
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
502
income
-
-
-
30 687
pensions
-
-
-
693
total
-
-
-
31 882
Employee
1 447
-
88 720
-
income
280
-
30 651
-
pensions
130
-
312
-
health
72
-
173
-
unemployment
14
-
35
-
total
496
-
31 171
-
Employer
1 447
-
88 720
-
unemployment
29
-
69
-
health
137
-
329
-
pensions
159
-
381
-
total
325
-
779
-
Corporate
87 727
89 500
-
-
income
19 300
19 690
-
-
total
19 300
19 690
-
-
Dividends
68 427
69 810
-
-
withholding
13 685
13 962
-
-
total
13 685
13 962
-
-
Income
89 500
89 500
89 500
89 500
Total tax
33 806
33 652
31 950
31 882
After tax
55 694
55 848
57 550
57 618
Living cost
950
950
950
950
Free-cash
54 744
54 898
56 600
56 668

Estimated living cost  is ₴950 per week

₴565
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴46133
₴55820
₴46131
₴53303
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 893
income
-
-
-
20 239
pensions
-
-
-
9 826
unemployment
-
-
-
567
total
-
-
-
34 525
Employee

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

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

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

13 336
-
82 735
-
income
1 838
-
20 239
-
pensions
1 867
-
5 291
-
health
687
-
1 946
-
unemployment
100
-
283
-
total
4 492
-
27 759
-
Employer

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

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

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

13 336
-
82 735
-
unemployment
100
-
283
-
health
687
-
1 946
-
pensions
1 600
-
4 535
-
total
2 387
-
6 764
-
Corporate
73 777
89 500
-
-
income
11 067
13 425
-
-
total
11 067
13 425
-
-
Dividends
62 710
76 075
-
-
withholding
9 407
11 411
-
-
total
9 407
11 411
-
-
Income
89 500
89 500
89 500
89 500
Total tax
27 353
24 836
34 523
34 525
After tax
62 147
64 664
54 977
54 975
Living cost
8 844
8 844
8 844
8 844
Free-cash
53 303
55 820
46 133
46 131

Estimated living cost  is ₴8844 per week

₴5955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴684
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1949
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27381
₴37092
₴34165
₴36907
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
31 101
income
-
-
-
10 418
surtax
-
-
-
-
total
-
-
-
41 519
Employee
19 891
-
72 323
-
surtax
-
-
-
-
social contributions
2 188
-
7 955
-
income
3 887
-
23 172
-
total
6 075
-
31 127
-
Employer
19 891
-
72 323
-
social contributions
4 724
-
17 176
-
total
4 724
-
17 176
-
Corporate
64 885
89 500
-
-
surtax
-
-
-
-
income
13 625
18 795
-
-
total
13 625
18 795
-
-
Dividends
51 260
70 705
-
-
withholding
14 353
19 797
-
-
total
14 353
19 797
-
-
Income
89 500
89 500
89 500
89 500
Total tax
38 777
38 592
48 303
41 519
After tax
50 723
50 908
41 197
47 981
Living cost
13 816
13 816
13 816
13 816
Free-cash
36 907
37 092
27 381
34 165

Estimated living cost  is ₴13816 per week

₴9786
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴960
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.
₴2826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30075
₴41656
₴32223
₴38297
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
48
accident
-
-
-
428
income
-
-
-
25 014
pensions
-
-
-
13 443
unemployment
-
-
-
333
total
-
-
-
39 266
Employee
24 751
-
74 356
-
income
5 170
-
23 254
-
other
24
-
48
-
pensions
1 163
-
2 233
-
unemployment
383
-
736
-
total
6 740
-
26 271
-
Employer
24 751
-
74 356
-
other
198
-
380
-
unemployment
1 362
-
2 612
-
accident
490
-
940
-
pensions
5 841
-
11 211
-
total
7 891
-
15 143
-
Corporate
56 858
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.

8 528
13 425
-
-
total
8 528
13 425
-
-
Dividends
48 329
76 075
-
-
withholding
10 033
16 408
-
-
total
10 033
16 408
-
-
Income
89 500
89 500
89 500
89 500
Total tax
33 192
29 833
41 414
39 266
After tax
56 308
59 667
48 086
50 234
Living cost
18 011
18 011
18 011
18 011
Free-cash
38 297
41 656
30 075
32 223

Estimated living cost  is ₴18011 per week

₴12935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
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.
₴3422
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66097
₴67775
₴62586
₴64678
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 042
income
-
-
-
13 425
pensions

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

-
-
-
2 629
unemployment
-
-
-
71
total
-
-
-
18 167
Employee
11 582
-
86 016
-
income
1 158
-
8 601
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 017
-
1 559
-
health
533
-
817
-
total
2 835
-
11 172
-
Employer
11 582
-
86 016
-
unemployment
70
-
107
-
health
799
-
1 225
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 276
-
1 957
-
total
2 272
-
3 484
-
Corporate
75 646
89 500
-
-
income
7 564
8 950
-
-
total
7 564
8 950
-
-
Dividends
68 082
80 550
-
-
withholding
3 404
4 028
-
-
total
3 404
4 028
-
-
Income
89 500
89 500
89 500
89 500
Total tax
16 075
12 978
14 656
18 167
After tax
73 425
76 522
74 844
71 333
Living cost
8 747
8 747
8 747
8 747
Free-cash
64 678
67 775
66 097
62 586

Estimated living cost  is ₴8747 per week

₴5785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2253
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37116
₴26276
₴27692
₴32982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 501
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.

-
-
-
27 580
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.

-
-
-
1 517
trade
-
-
-
9 424
total
-
-
-
42 022
Employee

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

25 500
-
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.

116
-
1 517
-
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.

2 097
-
27 580
-
health

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

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

3 501
-
3 501
-
total
5 714
-
32 598
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
64 000
89 500
-
-
chamber of commerce
171
209
-
-
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.

528
738
-
-
trade
9 184
12 844
-
-
income
9 600
13 425
-
-
total
19 483
27 216
-
-
Dividends
44 517
62 284
-
-
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.

601
846
-
-
withholding
10 934
15 376
-
-
total
11 535
16 222
-
-
Income
89 500
89 500
89 500
89 500
Total tax
36 732
43 438
32 598
42 022
After tax
52 768
46 062
56 902
47 478
Living cost
19 786
19 786
19 786
19 786
Free-cash
32 982
26 276
37 116
27 692

Estimated living cost  is ₴19786 per week

₴13649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2129
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3721
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18063
₴33456
₴18063
₴34586
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
27 329
social contributions
-
-
-
14 914
total
-
-
-
42 243
Employee
40 088
-
89 500
-
income
7 565
-
27 329
-
social contributions
3 331
-
14 914
-
total
10 896
-
42 243
-
Employer
40 088
-
89 500
-
total
-
-
-
-
Corporate
49 412
89 500
-
-
income
6 177
11 187
-
-
total
6 177
11 187
-
-
Dividends
43 235
78 313
-
-
withholding
8 647
15 663
-
-
total
8 647
15 663
-
-
Income
89 500
89 500
89 500
89 500
Total tax
25 720
26 850
42 243
42 243
After tax
63 780
62 650
47 257
47 257
Living cost
29 194
29 194
29 194
29 194
Free-cash
34 586
33 456
18 063
18 063

Estimated living cost  is ₴29194 per week

₴22210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2379
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4326
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45080
₴36863
₴53136
₴38653
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
14 588
health

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

-
-
-
3 172
total
-
-
-
17 760
Employee
23 510
-
87 143
-
income
2 551
-
21 102
-
social contributions
2 356
-
2 357
-
total
4 907
-
23 459
-
Employer
23 510
-
87 143
-
social contributions
2 356
-
2 357
-
total
2 356
-
2 357
-
Corporate
63 634
89 500
-
-
income
22 272
31 325
-
-
total
22 272
31 325
-
-
Dividends
41 362
58 175
-
-
social contributions
2 708
2 708
-
-
total
2 708
2 708
-
-
Income
89 500
89 500
89 500
89 500
Total tax
32 243
34 033
25 816
17 760
After tax
57 257
55 467
63 684
71 740
Living cost
18 604
18 604
18 604
18 604
Free-cash
38 653
36 863
45 080
53 136

Estimated living cost  is ₴18604 per week

₴12254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1467
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.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32317
₴39669
₴40420
₴42694
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
25 535
pensions
-
-
-
4 585
total
-
-
-
30 120
Employee
26 025
-
78 187
-
income
4 739
-
20 133
-
health
339
-
1 136
-
pensions
1 986
-
5 641
-
total
7 064
-
26 910
-
Employer
26 025
-
78 187
-
health
495
-
1 486
-
pensions
2 629
-
9 827
-
total
3 124
-
11 313
-
Corporate
60 351
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.

11 467
17 005
-
-
total
11 467
17 005
-
-
Dividends
48 884
72 495
-
-
withholding
6 191
13 866
-
-
total
6 191
13 866
-
-
Income
89 500
89 500
89 500
89 500
Total tax
27 846
30 871
38 223
30 120
After tax
61 654
58 629
51 277
59 380
Living cost
18 960
18 960
18 960
18 960
Free-cash
42 694
39 669
32 317
40 420

Estimated living cost  is ₴18960 per week

₴13006
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1744
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.
₴3972
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴36272
-₴5044
₴48894
₴5364
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
191
health
-
-
-
1 126
accident
-
-
-
130
income
-
-
-
24 718
pensions
-
-
-
2 147
total
-
-
-
28 312
Employee
19 339
-
80 497
-
income
2 653
-
18 778
-
pensions
2 178
-
3 937
-
health
2 214
-
9 217
-
total
7 045
-
31 932
-
Employer
19 339
-
80 497
-
unemployment
474
-
1 972
-
accident
323
-
1 344
-
pensions
3 144
-
5 686
-
total
3 941
-
9 002
-
Corporate
66 220
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.

59 598
80 550
-
-
total
59 598
80 550
-
-
Dividends
6 622
8 950
-
-
withholding
1 258
1 700
-
-
total
1 258
1 700
-
-
Income
89 500
89 500
89 500
89 500
Total tax
71 842
82 250
40 934
28 312
After tax
17 658
7 250
48 566
61 188
Living cost
12 294
12 294
12 294
12 294
Free-cash
5 364
-5 044
36 272
48 894

Estimated living cost  is ₴12294 per week

₴9023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴716
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2308
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56588
₴68402
₴45337
₴66009
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
14 747
health insurance
-
-
-
6 056
work injury
-
-
-
409
pensions
-
-
-
15 057
unemployment
-
-
-
982
total
-
-
-
37 251
Employee

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

11 059
-
89 500
-
income
1 106
-
14 747
-
work injury
55
-
205
-
health insurance
818
-
3 028
-
pensions
2 035
-
7 529
-
unemployment
133
-
491
-
total
4 147
-
26 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
78 441
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%.

784
895
-
-
total
784
895
-
-
Dividends
77 657
88 605
-
-
withholding
11 648
13 291
-
-
total
11 648
13 291
-
-
Income
89 500
89 500
89 500
89 500
Total tax
16 579
14 186
26 000
37 251
After tax
72 921
75 314
63 500
52 249
Living cost
6 912
6 912
6 912
6 912
Free-cash
66 009
68 402
56 588
45 337

Estimated living cost  is ₴6912 per week

₴4282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴502
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17414
₴26725
₴21344
₴24395
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 019
national
-
-
-
22 073
regional
-
-
-
2 049
municipal
-
-
-
598
total
-
-
-
47 739
Employee
43 186
-
89 500
-
social contributions
14 562
-
30 179
-
municipal
258
-
534
-
national
7 298
-
19 138
-
regional
652
-
1 818
-
total
22 770
-
51 669
-
Employer
43 186
-
89 500
-
total
-
-
-
-
Corporate
46 314
89 500
-
-
nationa
11 115
21 480
-
-
municipal
2 232
4 314
-
-
total
13 347
25 794
-
-
Dividends
32 967
63 706
-
-
withholding
8 571
16 564
-
-
total
8 571
16 564
-
-
Income
89 500
89 500
89 500
89 500
Total tax
44 688
42 358
51 669
47 739
After tax
44 812
47 142
37 831
41 761
Living cost
20 417
20 417
20 417
20 417
Free-cash
24 395
26 725
17 414
21 344

Estimated living cost  is ₴20417 per week

₴14341
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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