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
₴29978
₴41577
₴31146
₴35513
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
27 812
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.

-
-
-
1 529
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.

-
-
-
3 420
trade
-
-
-
10 431
total
-
-
-
43 192
Employee

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

19 145
-
89 500
-
surtax

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

29
-
1 529
-
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.

535
-
27 812
-
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.

3 420
-
3 420
-
total
3 984
-
32 761
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
70 355
89 500
-
-
income
10 553
13 425
-
-
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.

580
738
-
-
chamber of commerce
177
204
-
-
trade
11 081
14 097
-
-
total
22 391
28 464
-
-
Dividends
47 963
61 036
-
-
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.

649
828
-
-
withholding
11 801
15 068
-
-
total
12 450
15 896
-
-
Income
89 500
89 500
89 500
89 500
Total tax
38 825
44 360
32 761
43 192
After tax
50 675
45 140
56 739
46 308
Living cost
15 162
15 162
15 162
15 162
Free-cash
35 513
29 978
41 577
31 146

Estimated living cost  is ₴15162 per week

₴9537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1768
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3574
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29217
₴26912
₴26224
₴28774
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
9 783
national
-
-
-
15 160
pensions
-
-
-
10 740
total
-
-
-
36 645
Employee
41 284
-
77 372
-
municipal
5 099
-
10 130
-
pensions
1 651
-
3 095
-
national
7 902
-
15 710
-
total
14 652
-
28 935
-
Employer
41 284
-
77 372
-
pensions
3 303
-
6 190
-
social contributions
444
-
832
-
total
3 747
-
7 022
-
Corporate
41 745
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%.

8 349
17 900
-
-
total
8 349
17 900
-
-
Dividends
33 396
71 600
-
-
withholding
7 347
15 752
-
-
total
7 347
15 752
-
-
Income
89 500
89 500
89 500
89 500
Total tax
34 095
33 652
35 957
36 645
After tax
55 405
55 848
53 543
52 855
Living cost
26 631
26 631
26 631
26 631
Free-cash
28 774
29 217
26 912
26 224

Estimated living cost  is ₴26631 per week

₴18101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴399
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61186
₴27283
₴20584
₴57080
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
16 500
surtax
-
-
-
22 823
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.

-
-
-
19 179
microenterprise
-
-
-
-
total
-
-
-
58 502
Employee
14 627
-
67 683
-
surtax
-
-
9 814
-
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.

1 609
-
6 562
-
income
2 604
-
13 611
-
total
4 213
-
29 987
-
Employer
14 627
-
67 683
-
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.

3 523
-
14 371
-
surtax
-
-
7 445
-
total
3 523
-
21 816
-
Corporate
71 350
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%.

14 270
17 900
-
-
total
14 270
17 900
-
-
Dividends

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

57 080
71 600
-
-
total
-
-
-
-
Income
89 500
89 500
89 500
89 500
Total tax
22 006
17 900
51 803
58 502
After tax
67 494
71 600
37 697
30 998
Living cost
10 414
10 414
10 414
10 414
Free-cash
57 080
61 186
27 283
20 584

Estimated living cost  is ₴10414 per week

₴6644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴992
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.
₴2542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23361
₴35092
₴28349
₴20296
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 144
health
-
-
-
6 173
pensions
-
-
-
5 865
total
-
-
-
40 182
Employee
42 746
42 746
80 198
-
pensions
7 694
5 865
5 865
-
income

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

6 997
6 997
12 099
-
health
6 561
5 581
6 173
-
total
21 252
18 443
24 137
-
Employer
42 746
42 746
80 198
-
health
2 971
2 971
3 692
-
pensions
2 975
2 975
3 698
-
unemployment
1 539
1 539
1 912
-
total
7 485
7 485
9 302
-
Corporate
39 793
39 269
-
-
income
7 958
7 854
-
-
total
7 958
7 854
-
-
Dividends
31 835
31 415
-
-
income
6 765
6 676
-
-
withholding
4 775
4 712
-
-
total
11 540
11 388
-
-
Income
89 500
89 500
89 500
89 500
Total tax
48 235
45 170
33 439
40 182
After tax
41 265
44 330
56 061
49 318
Living cost
20 969
20 969
20 969
20 969
Free-cash
20 296
23 361
35 092
28 349

Estimated living cost  is ₴20969 per week

₴14860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28734
₴25298
₴25787
₴28282
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
88
other
-
-
-
5 127
unemployment
-
-
-
44
health
-
-
-
2 753
municipal
-
-
-
22 877
national
-
-
-
7 921
pensions
-
-
-
4 770
total
-
-
-
43 580
Employee
28 688
-
75 636
-
municipal
8 555
-
22 555
-
national
-
-
7 650
-
total
8 555
-
30 205
-
Employer
28 688
-
75 636
-
health
1 764
-
2 714
-
pensions
3 101
-
4 770
-
accident
57
-
88
-
unemployment
757
-
1 165
-
other
3 334
-
5 127
-
total
9 013
-
13 864
-
Corporate
51 798
89 500
-
-
income
11 396
19 690
-
-
total
11 396
19 690
-
-
Dividends
40 403
69 810
-
-
withholding
12 121
20 943
-
-
total
12 121
20 943
-
-
Income
89 500
89 500
89 500
89 500
Total tax
41 085
40 633
44 069
43 580
After tax
48 415
48 867
45 431
45 920
Living cost
20 133
20 133
20 133
20 133
Free-cash
28 282
28 734
25 298
25 787

Estimated living cost  is ₴20133 per week

₴13343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4508
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25014
₴37075
₴26180
₴32047
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
27 812
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.

-
-
-
1 529
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.

-
-
-
3 420
trade
-
-
-
10 895
total
-
-
-
43 656
Employee

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

25 384
-
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.

120
-
1 529
-
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.

2 181
-
27 812
-
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.

3 420
-
3 420
-
total
5 721
-
32 761
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
64 116
89 500
-
-
income
9 617
13 425
-
-
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.

529
738
-
-
chamber of commerce
167
203
-
-
trade
10 547
14 723
-
-
total
20 860
29 089
-
-
Dividends
43 256
60 411
-
-
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.

584
820
-
-
withholding
10 624
14 913
-
-
total
11 208
15 733
-
-
Income
89 500
89 500
89 500
89 500
Total tax
37 789
44 822
32 761
43 656
After tax
51 711
44 678
56 739
45 844
Living cost
19 664
19 664
19 664
19 664
Free-cash
32 047
25 014
37 075
26 180

Estimated living cost  is ₴19664 per week

₴13151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49050
₴44087
₴44870
₴46974
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 012
social contributions
-
-
-
8 099
health
-
-
-
2 283
total
-
-
-
28 394
Employee
38 491
38 491
83 644
-
social contributions
1 870
3 195
4 309
-
income
4 042
3 563
17 590
-
health
383
654
1 422
-
total
6 295
7 412
23 321
-
Employer
38 491
38 491
83 644
-
health
417
712
1 547
-
social contributions
1 870
3 195
4 309
-
total
2 287
3 907
5 856
-
Corporate
64 682
47 102
-
-
income
8 086
5 888
-
-
total
8 086
5 888
-
-
Dividends
56 596
41 215
-
-
withholding
9 622
7 007
-
-
total
9 622
7 007
-
-
Income
89 500
89 500
89 500
89 500
Total tax
26 290
24 214
29 177
28 394
After tax
63 210
65 286
60 323
61 106
Living cost
16 236
16 236
16 236
16 236
Free-cash
46 974
49 050
44 087
44 870

Estimated living cost  is ₴16236 per week

₴11099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41301
₴42913
₴53032
₴41489
S + D Salary + Dividends

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

Dividends

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

Salary

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

12 948
5 153
74 895
-
unemployment
194
77
1 123
-
pensions
1 295
515
7 490
-
income
1 583
630
9 156
-
health
906
361
5 243
-
total
3 978
1 583
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.

12 948
5 153
74 895
-
pensions
2 525
1 005
14 605
-
total
2 525
1 005
14 605
-
Corporate
74 027
83 342
-
-
income
6 662
7 501
-
-
total
6 662
7 501
-
-
Dividends
67 365
75 841
-
-
social contributions
13 077
14 730
-
-
withholding
12 799
14 410
-
-
total
25 876
29 140
-
-
Income
89 500
89 500
89 500
89 500
Total tax
39 041
39 229
37 617
27 498
After tax
50 459
50 271
51 883
62 002
Living cost
8 970
8 970
8 970
8 970
Free-cash
41 489
41 301
42 913
53 032

Estimated living cost  is ₴8970 per week

₴6121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴59510
₴39496
₴35882
₴56400
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 993
health
-
-
-
11 635
pensions
-
-
-
17 900
total
-
-
-
41 528
Employee
14 200
-
66 891
-
unemployment
227
-
1 071
-
pensions
284
-
1 337
-
income
1 599
-
12 897
-
total
2 110
-
15 305
-
Employer
14 200
-
66 891
-
health
1 846
-
8 695
-
pensions
2 840
-
13 379
-
unemployment
114
-
535
-
total
4 800
-
22 609
-
Corporate
70 500
89 500
-
-
income
14 100
17 900
-
-
total
14 100
17 900
-
-
Dividends
56 400
71 600
-
-
total
-
-
-
-
Income
89 500
89 500
89 500
89 500
Total tax
21 010
17 900
37 914
41 528
After tax
68 490
71 600
51 586
47 972
Living cost
12 090
12 090
12 090
12 090
Free-cash
56 400
59 510
39 496
35 882

Estimated living cost  is ₴12090 per week

₴8293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴720
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3909
₴37461
₴50023
₴5539
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
128
income
-
-
-
24 785
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
28 318
Employee
17 554
-
80 591
-
pensions
1 977
-
3 870
-
income
2 408
-
18 874
-
health
2 010
-
9 228
-
total
6 395
-
31 972
-
Employer
17 554
-
80 591
-
pensions
2 854
-
5 588
-
accident
293
-
1 346
-
unemployment
430
-
1 974
-
total
3 577
-
8 908
-
Corporate
68 368
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.

61 531
80 550
-
-
total
61 531
80 550
-
-
Dividends
6 837
8 950
-
-
withholding
1 299
1 700
-
-
total
1 299
1 700
-
-
Income
89 500
89 500
89 500
89 500
Total tax
72 802
82 250
40 880
28 318
After tax
16 698
7 250
48 620
61 182
Living cost
11 159
11 159
11 159
11 159
Free-cash
5 539
-3 909
37 461
50 023

Estimated living cost  is ₴11159 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴80999
₴67574
₴84579
₴80245
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 032
-
89 500
-
income
1 006
-
17 900
-
total
1 006
-
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%.

84 468
89 500
-
-
total
-
-
-
-
Dividends
84 468
89 500
-
-
withholding
4 223
4 475
-
-
total
4 223
4 475
-
-
Income
89 500
89 500
89 500
89 500
Total tax
5 229
4 475
17 900
895
After tax
84 271
85 025
71 600
88 605
Living cost
4 026
4 026
4 026
4 026
Free-cash
80 245
80 999
67 574
84 579

Estimated living cost  is ₴4026 per week

₴2495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52418
₴37354
₴36980
₴49037
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 949
other
-
-
-
3 615
health
-
-
-
3 349
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.

-
-
-
18 269
total
-
-
-
39 182
Employee
18 175
-
71 484
-
unemployment
181
-
715
-
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.

1 272
-
5 004
-
income
3 129
-
14 073
-
health
255
-
1 001
-
total
4 837
-
20 793
-
Employer
18 175
-
71 484
-
health
255
-
1 001
-
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.

3 090
-
12 152
-
accident
145
-
572
-
unemployment
181
-
715
-
other
909
-
3 575
-
total
4 580
-
18 015
-
Corporate
66 745
89 500
-
-
income
14 017
18 795
-
-
total
14 017
18 795
-
-
Dividends
52 728
70 705
-
-
withholding
3 691
4 949
-
-
total
3 691
4 949
-
-
Income
89 500
89 500
89 500
89 500
Total tax
27 125
23 744
38 808
39 182
After tax
62 375
65 756
50 692
50 318
Living cost
13 338
13 338
13 338
13 338
Free-cash
49 037
52 418
37 354
36 980

Estimated living cost  is ₴13338 per week

₴9424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24887
₴17590
₴25686
₴26575
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 689
pensions
-
-
-
4 539
total
-
-
-
30 228
Employee
47 520
-
78 174
-
pensions
4 584
-
5 576
-
income
8 566
-
20 293
-
health
783
-
1 129
-
total
13 933
-
26 998
-
Employer
47 520
-
78 174
-
health
902
-
1 485
-
pensions
5 611
-
9 841
-
total
6 513
-
11 326
-
Corporate
35 467
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.

6 739
17 005
-
-
total
6 739
17 005
-
-
Dividends
28 728
72 495
-
-
withholding
2 154
14 022
-
-
total
2 154
14 022
-
-
Income
89 500
89 500
89 500
89 500
Total tax
29 339
31 027
38 324
30 228
After tax
60 161
58 473
51 176
59 272
Living cost
33 586
33 586
33 586
33 586
Free-cash
26 575
24 887
17 590
25 686

Estimated living cost  is ₴33586 per week

₴25167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3946
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴69960
₴68369
₴64843
₴67632
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 425
unemployment
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
18 094
Employee
8 690
-
86 070
-
accident

We are using the highest rate at 1.1%.

96
-
192
-
pensions

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

763
-
1 535
-
income
869
-
8 607
-
health
400
-
804
-
total
2 128
-
11 138
-
Employer
8 690
-
86 070
-
health
600
-
1 206
-
pensions

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

958
-
1 927
-
accident

We are using the highest rate at 1.1%.

96
-
192
-
unemployment
52
-
105
-
total
1 706
-
3 430
-
Corporate
79 104
89 500
-
-
income
7 911
8 950
-
-
total
7 911
8 950
-
-
Dividends
71 194
80 550
-
-
withholding
3 560
4 027
-
-
total
3 560
4 027
-
-
Income
89 500
89 500
89 500
89 500
Total tax
15 305
12 977
14 568
18 094
After tax
74 195
76 523
74 932
71 406
Living cost
6 563
6 563
6 563
6 563
Free-cash
67 632
69 960
68 369
64 843

Estimated living cost  is ₴6563 per week

₴3832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴469
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16573
₴28304
₴21561
₴17831
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 144
health
-
-
-
6 173
pensions
-
-
-
5 865
total
-
-
-
40 182
Employee
46 408
42 746
80 198
-
pensions
5 865
5 865
5 865
-
income

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

6 997
6 997
12 099
-
health
5 790
5 581
6 173
-
total
18 652
18 443
24 137
-
Employer
46 408
42 746
80 198
-
health
3 225
2 971
3 692
-
pensions
3 230
2 975
3 698
-
unemployment
1 671
1 539
1 912
-
total
8 126
7 485
9 302
-
Corporate
34 966
39 269
-
-
income
6 993
7 854
-
-
total
6 993
7 854
-
-
Dividends
27 973
31 415
-
-
income
5 945
6 676
-
-
withholding
4 196
4 712
-
-
total
10 141
11 388
-
-
Income
89 500
89 500
89 500
89 500
Total tax
43 912
45 170
33 439
40 182
After tax
45 588
44 330
56 061
49 318
Living cost
27 757
27 757
27 757
27 757
Free-cash
17 831
16 573
28 304
21 561

Estimated living cost  is ₴27757 per week

₴20475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2479
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴49364
₴34591
₴38556
₴44991
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 967
social contributions
-
-
-
17 638
solidarity contribution
-
-
-
-
health
-
-
-
12 082
total
-
-
-
38 687
Employee
18 025
-
68 256
-
solidarity contribution
-
-
-
-
social contributions
1 172
-
3 926
-
income
2 163
-
8 267
-
health
2 433
-
9 215
-
total
5 768
-
21 408
-
Employer
18 025
-
68 256
-
health
1 622
-
6 143
-
social contributions
4 506
-
15 101
-
total
6 128
-
21 244
-
Corporate
65 346
89 500
-
-
income
12 416
17 005
-
-
total
12 416
17 005
-
-
Dividends
52 930
72 495
-
-
withholding
7 940
10 874
-
-
total
7 940
10 874
-
-
Income
89 500
89 500
89 500
89 500
Total tax
32 252
27 879
42 652
38 687
After tax
57 248
61 621
46 848
50 813
Living cost
12 257
12 257
12 257
12 257
Free-cash
44 991
49 364
34 591
38 556

Estimated living cost  is ₴12257 per week

₴8514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26630
₴17531
₴21575
₴24016
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 058
municipal
-
-
-
532
national
-
-
-
22 194
total
-
-
-
46 803
Employee
44 487
-
89 500
-
municipal
236
-
475
-
national
7 709
-
19 258
-
regional
420
-
934
-
social contributions
15 001
-
30 180
-
total
23 366
-
50 847
-
Employer
44 487
-
89 500
-
total
-
-
-
-
Corporate
45 013
89 500
-
-
municipal
1 755
3 491
-
-
nationa
10 803
21 480
-
-
total
12 558
24 971
-
-
Dividends
32 454
64 529
-
-
withholding
8 438
16 777
-
-
total
8 438
16 777
-
-
Income
89 500
89 500
89 500
89 500
Total tax
44 362
41 748
50 847
46 803
After tax
45 138
47 752
38 653
42 697
Living cost
21 122
21 122
21 122
21 122
Free-cash
24 016
26 630
17 531
21 575

Estimated living cost  is ₴21122 per week

₴14724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45250
₴28230
₴31290
₴43691
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 047
other
-
-
-
-
surtax
-
-
-
3 899
unemployment
-
-
-
114
health
-
-
-
4 743
pensions
-
-
-
13 361
total
-
-
-
47 164
Employee
16 553
-
75 438
-
other
-
-
-
-
unemployment
1 152
-
4 650
-
pensions
1 104
-
4 456
-
surtax
54
-
3 300
-
income
2 775
-
22 053
-
health
423
-
1 703
-
total
5 508
-
36 162
-
Employer
16 553
-
75 438
-
health
753
-
3 040
-
pensions
2 207
-
8 905
-
unemployment
524
-
2 117
-
other
-
-
-
-
total
3 484
-
14 062
-
Corporate
69 462
89 500
-
-
income
18 061
23 270
-
-
total
18 061
23 270
-
-
Dividends
51 402
66 230
-
-
withholding
7 710
9 934
-
-
total
7 710
9 934
-
-
Income
89 500
89 500
89 500
89 500
Total tax
34 763
33 204
50 224
47 164
After tax
54 737
56 296
39 276
42 336
Living cost
11 046
11 046
11 046
11 046
Free-cash
43 691
45 250
28 230
31 290

Estimated living cost  is ₴11046 per week

₴6754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35528
₴28231
₴36327
₴38846
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 689
pensions
-
-
-
4 539
total
-
-
-
30 228
Employee
31 846
-
78 174
-
pensions
2 703
-
5 576
-
income
5 736
-
20 293
-
health
462
-
1 129
-
total
8 901
-
26 998
-
Employer
31 846
-
78 174
-
health
605
-
1 485
-
pensions
3 447
-
9 841
-
total
4 052
-
11 326
-
Corporate
53 601
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.

10 184
17 005
-
-
total
10 184
17 005
-
-
Dividends
43 417
72 495
-
-
withholding
4 572
14 022
-
-
total
4 572
14 022
-
-
Income
89 500
89 500
89 500
89 500
Total tax
27 709
31 027
38 324
30 228
After tax
61 791
58 473
51 176
59 272
Living cost
22 945
22 945
22 945
22 945
Free-cash
38 846
35 528
28 231
36 327

Estimated living cost  is ₴22945 per week

₴17190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1720
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴1325
₴28768
₴32902
₴18268
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
4 385
health
-
-
-
201
city
-
-
-
943
national
-
-
-
1 443
pensions
-
-
-
8 234
total
-
-
-
16 996
Employee
46 345
-
80 108
-
unemployment
-
-
-
-
pensions
3 894
-
6 729
-
national
219
-
1 072
-
regional
1 518
-
3 778
-
city
497
-
860
-
health
105
-
180
-
total
6 233
-
12 619
-
Employer
46 345
-
80 108
-
health
105
-
180
-
pensions
3 894
-
6 729
-
unemployment
-
-
-
-
other

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

927
-
1 602
-
total
4 926
-
8 511
-
Corporate
37 721
89 500
-
-
regional
7 978
18 929
-
-
national
3 206
7 607
-
-
total
11 184
26 536
-
-
Dividends
26 537
62 964
-
-
withholding
9 287
22 037
-
-
total
9 287
22 037
-
-
Income
89 500
89 500
89 500
89 500
Total tax
31 630
48 573
21 130
16 996
After tax
57 870
40 927
68 370
72 504
Living cost
39 602
39 602
39 602
39 602
Free-cash
18 268
1 325
28 768
32 902

Estimated living cost  is ₴39602 per week

₴25753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3554
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9809
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴21287
₴33808
₴22450
₴29403
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
27 812
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.

-
-
-
1 529
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.

-
-
-
3 420
trade
-
-
-
11 358
total
-
-
-
44 119
Employee

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

30 083
-
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.

195
-
1 529
-
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.

3 537
-
27 812
-
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.

3 420
-
3 420
-
total
7 152
-
32 761
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 417
89 500
-
-
income
8 913
13 425
-
-
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.

490
738
-
-
chamber of commerce
160
202
-
-
trade
10 190
15 350
-
-
total
19 753
29 715
-
-
Dividends
39 665
59 785
-
-
surtax

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

535
811
-
-
withholding
9 726
14 756
-
-
total
10 261
15 567
-
-
Income
89 500
89 500
89 500
89 500
Total tax
37 166
45 282
32 761
44 119
After tax
52 334
44 218
56 739
45 381
Living cost
22 931
22 931
22 931
22 931
Free-cash
29 403
21 287
33 808
22 450

Estimated living cost  is ₴22931 per week

₴16748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4051
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27982
₴31898
₴33287
₴30937
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 103
other
-
-
-
2 775
surtax
-
-
-
-
social contributions
-
-
-
2 551
health
-
-
-
3 826
pensions
-
-
-
15 832
total
-
-
-
39 087
Employee
21 423
-
69 276
-
pensions
2 422
-
4 813
-
surtax
-
-
-
-
social contributions
611
-
1 974
-
income
1 264
-
13 465
-
total
4 297
-
20 252
-
Employer
21 423
-
69 276
-
health
1 500
-
6 405
-
pensions
3 519
-
8 104
-
unemployment
867
-
2 806
-
social contributions
65
-
208
-
other
739
-
2 701
-
total
6 690
-
20 224
-
Corporate
61 387
89 500
-
-
income
17 189
25 060
-
-
surtax
-
-
-
-
total
17 189
25 060
-
-
Dividends
44 198
64 440
-
-
surtax
-
-
-
-
social contributions
7 603
11 084
-
-
withholding
5 658
8 248
-
-
total
13 261
19 332
-
-
Income
89 500
89 500
89 500
89 500
Total tax
41 437
44 392
40 476
39 087
After tax
48 063
45 108
49 024
50 413
Living cost
17 126
17 126
17 126
17 126
Free-cash
30 937
27 982
31 898
33 287

Estimated living cost  is ₴17126 per week

₴10799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1393
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.
₴4644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29679
₴33595
₴34984
₴32462
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 103
other
-
-
-
2 775
surtax
-
-
-
-
social contributions
-
-
-
2 551
health
-
-
-
3 826
pensions
-
-
-
15 832
total
-
-
-
39 087
Employee
19 123
-
69 276
-
pensions
2 163
-
4 813
-
surtax
-
-
-
-
social contributions
545
-
1 974
-
income
986
-
13 465
-
total
3 694
-
20 252
-
Employer
19 123
-
69 276
-
health
1 338
-
6 405
-
pensions
3 142
-
8 104
-
unemployment
774
-
2 806
-
social contributions
57
-
208
-
other
660
-
2 701
-
total
5 971
-
20 224
-
Corporate
64 405
89 500
-
-
income
18 033
25 060
-
-
surtax
-
-
-
-
total
18 033
25 060
-
-
Dividends
46 372
64 440
-
-
surtax
-
-
-
-
social contributions
7 975
11 084
-
-
withholding
5 936
8 248
-
-
total
13 911
19 332
-
-
Income
89 500
89 500
89 500
89 500
Total tax
41 609
44 392
40 476
39 087
After tax
47 891
45 108
49 024
50 413
Living cost
15 429
15 429
15 429
15 429
Free-cash
32 462
29 679
33 595
34 984

Estimated living cost  is ₴15429 per week

₴8948
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1567
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.
₴4621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴43990
₴44977
₴46862
₴44248
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 425
social contributions
-
-
-
12 351
health
-
-
-
6 248
total
-
-
-
32 024
Employee
16 972
-
89 500
-
social contributions
2 342
-
12 351
-
income
2 831
-
15 310
-
health
1 185
-
6 248
-
total
6 358
-
33 909
-
Employer
16 972
-
89 500
-
total
-
-
-
-
Corporate
72 528
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%.

3 627
4 475
-
-
total
3 627
4 475
-
-
Dividends
68 901
85 025
-
-
social contributions
9 509
11 733
-
-
withholding
10 335
12 753
-
-
health
4 809
5 935
-
-
total
24 653
30 421
-
-
Income
89 500
89 500
89 500
89 500
Total tax
34 638
34 896
33 909
32 024
After tax
54 862
54 604
55 591
57 476
Living cost
10 614
10 614
10 614
10 614
Free-cash
44 248
43 990
44 977
46 862

Estimated living cost  is ₴10614 per week

₴7103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴654
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.
₴2611
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31873
₴6070
₴28301
₴31096
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 742
surtax
-
-
-
99
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
358
health
-
-
-
4 473
pensions
-
-
-
10 819
total
-
-
-
43 561
Employee
25 016
19 948
71 612
-
other
250
199
585
-
unemployment
750
598
1 754
-
pensions
2 562
2 042
5 988
-
income
2 848
1 471
19 886
-
health
968
772
2 263
-
total
7 378
5 082
30 476
-
Employer
25 016
19 948
71 612
-
chamber of commerce
100
80
287
-
health
945
754
2 210
-
pensions
3 139
2 504
7 339
-
accident
325
259
760
-
unemployment
750
598
1 754
-
surtax
99
99
99
-
payroll
750
598
2 149
-
other
1 188
947
3 290
-
total
7 296
5 839
17 888
-
Corporate
57 187
63 712
69 712
-
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.

14 297
15 928
17 428
-
total
14 297
15 928
17 428
-
Dividends
42 890
47 784
-
-
withholding
11 795
13 140
-
-
total
11 795
13 140
-
-
Income
89 500
89 500
89 500
89 500
Total tax
40 766
39 989
65 792
43 561
After tax
48 734
49 511
23 708
45 939
Living cost
17 638
17 638
17 638
17 638
Free-cash
31 096
31 873
6 070
28 301

Estimated living cost  is ₴17638 per week

₴11764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1505
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.
₴4080
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31800
₴13186
₴20559
₴24293
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
4 621
social contributions
-
-
-
12 480
national
-
-
-
33 589
total
-
-
-
50 690
Employee

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

35 805
-
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.

312
-
603
-
communal

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

1 868
-
3 615
-
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.

2 685
-
5 199
-
national
11 008
-
25 209
-
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.

1 682
-
3 258
-
total
17 555
-
37 884
-
Employer

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

35 805
-
69 320
-
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.

2 202
-
4 263
-
pensions

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

3 173
-
6 142
-
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.

465
-
901
-
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.

522
-
1 012
-
surtax
4 060
-
7 861
-
total
10 422
-
20 179
-
Corporate
43 272
89 500
-
-
income
8 655
17 900
-
-
surtax
173
358
-
-
total
8 828
18 258
-
-
Dividends
34 445
71 242
-
-
withholding

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

10 151
21 191
-
-
total
10 151
21 191
-
-
Income
89 500
89 500
89 500
89 500
Total tax
46 956
39 449
58 063
50 690
After tax
42 544
50 051
31 437
38 810
Living cost
18 251
18 251
18 251
18 251
Free-cash
24 293
31 800
13 186
20 559

Estimated living cost  is ₴18251 per week

₴11756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1596
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41565
₴30035
₴32134
₴38135
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
418
income
-
-
-
25 369
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
39 289
Employee
24 917
-
74 709
-
other
25
-
47
-
unemployment
387
-
719
-
pensions
1 171
-
2 181
-
income
5 257
-
23 650
-
total
6 840
-
26 597
-
Employer
24 917
-
74 709
-
pensions
5 880
-
10 950
-
accident
493
-
919
-
unemployment
1 371
-
2 551
-
other
199
-
371
-
total
7 943
-
14 791
-
Corporate
56 641
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.

8 496
13 425
-
-
total
8 496
13 425
-
-
Dividends
48 145
76 075
-
-
withholding
10 009
16 433
-
-
total
10 009
16 433
-
-
Income
89 500
89 500
89 500
89 500
Total tax
33 288
29 858
41 388
39 289
After tax
56 212
59 642
48 112
50 211
Living cost
18 077
18 077
18 077
18 077
Free-cash
38 135
41 565
30 035
32 134

Estimated living cost  is ₴18077 per week

₴13312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1282
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25063
₴20466
₴16898
₴18625
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
5 657
accident
-
-
-
754
income
-
-
-
14 848
surtax
-
-
-
4 437
health
-
-
-
6 288
pensions
-
-
-
13 415
total
-
-
-
45 399
Employee
37 907
-
79 947
-
pensions
3 032
-
6 396
-
surtax
2 323
-
4 900
-
income
3 661
-
17 425
-
health
1 687
-
3 557
-
total
10 703
-
32 278
-
Employer
37 907
-
79 947
-
health
1 156
-
2 438
-
pensions
3 032
-
6 396
-
accident
341
-
719
-
total
4 529
-
9 553
-
Corporate
47 064
89 500
-
-
communal
3 176
6 041
-
-
income
7 060
13 425
-
-
surtax
494
939
-
-
total
10 730
20 405
-
-
Dividends
36 334
69 094
-
-
income
12 260
6 465
-
-
withholding
5 450
10 364
-
-
total
17 710
16 829
-
-
Income
89 500
89 500
89 500
89 500
Total tax
43 672
37 234
41 831
45 399
After tax
45 828
52 266
47 669
44 101
Living cost
27 203
27 203
27 203
27 203
Free-cash
18 625
25 063
20 466
16 898

Estimated living cost  is ₴27203 per week

₴20406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45053
₴28033
₴31093
₴43459
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 047
other
-
-
-
-
surtax
-
-
-
3 899
unemployment
-
-
-
114
health
-
-
-
4 743
pensions
-
-
-
13 361
total
-
-
-
47 164
Employee
16 857
-
75 438
-
other
-
-
-
-
unemployment
1 173
-
4 650
-
pensions
1 125
-
4 456
-
surtax
60
-
3 300
-
income
2 826
-
22 053
-
health
430
-
1 703
-
total
5 614
-
36 162
-
Employer
16 857
-
75 438
-
health
767
-
3 040
-
pensions
2 247
-
8 905
-
unemployment
535
-
2 117
-
other
-
-
-
-
total
3 549
-
14 062
-
Corporate
69 094
89 500
-
-
income
17 965
23 270
-
-
total
17 965
23 270
-
-
Dividends
51 129
66 230
-
-
withholding
7 670
9 934
-
-
total
7 670
9 934
-
-
Income
89 500
89 500
89 500
89 500
Total tax
34 798
33 204
50 224
47 164
After tax
54 702
56 296
39 276
42 336
Living cost
11 243
11 243
11 243
11 243
Free-cash
43 459
45 053
28 033
31 093

Estimated living cost  is ₴11243 per week

₴6788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
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.
₴3217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33560
₴24899
₴28922
₴32448
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 349
municipal
-
-
-
532
national
-
-
-
22 194
total
-
-
-
47 094
Employee
27 767
-
89 500
-
municipal
147
-
475
-
national
4 399
-
19 258
-
regional
374
-
1 204
-
social contributions
9 363
-
30 180
-
total
14 283
-
51 117
-
Employer
27 767
-
89 500
-
total
-
-
-
-
Corporate
61 733
89 500
-
-
municipal
3 068
4 448
-
-
nationa
14 816
21 480
-
-
total
17 884
25 928
-
-
Dividends
43 849
63 571
-
-
withholding
11 401
16 528
-
-
total
11 401
16 528
-
-
Income
89 500
89 500
89 500
89 500
Total tax
43 568
42 456
51 117
47 094
After tax
45 932
47 044
38 383
42 406
Living cost
13 484
13 484
13 484
13 484
Free-cash
32 448
33 560
24 899
28 922

Estimated living cost  is ₴13484 per week

₴8386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46517
₴31744
₴35709
₴41128
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 967
social contributions
-
-
-
17 638
solidarity contribution
-
-
-
-
health
-
-
-
12 082
total
-
-
-
38 687
Employee
22 212
-
68 256
-
solidarity contribution
-
-
-
-
social contributions
1 444
-
3 926
-
income
2 665
-
8 267
-
health
2 999
-
9 215
-
total
7 108
-
21 408
-
Employer
22 212
-
68 256
-
health
1 999
-
6 143
-
social contributions
5 553
-
15 101
-
total
7 552
-
21 244
-
Corporate
59 736
89 500
-
-
income
11 350
17 005
-
-
total
11 350
17 005
-
-
Dividends
48 386
72 495
-
-
withholding
7 258
10 874
-
-
total
7 258
10 874
-
-
Income
89 500
89 500
89 500
89 500
Total tax
33 268
27 879
42 652
38 687
After tax
56 232
61 621
46 848
50 813
Living cost
15 104
15 104
15 104
15 104
Free-cash
41 128
46 517
31 744
35 709

Estimated living cost  is ₴15104 per week

₴11232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
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.
₴2774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33594
₴7763
₴30068
₴33346
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 742
surtax
-
-
-
-
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
358
health
-
-
-
4 473
pensions
-
-
-
10 819
total
-
-
-
43 462
Employee
21 881
19 948
71 704
-
other
218
199
585
-
unemployment
656
598
1 754
-
pensions
2 241
2 042
5 988
-
income
1 949
1 471
19 931
-
health
846
772
2 263
-
total
5 910
5 082
30 521
-
Employer
21 881
19 948
71 704
-
chamber of commerce
87
80
287
-
health
827
754
2 210
-
pensions
2 746
2 504
7 339
-
accident
284
259
760
-
unemployment
656
598
1 754
-
surtax
-
-
-
-
payroll
656
598
2 152
-
other
1 039
947
3 293
-
total
6 295
5 740
17 795
-
Corporate
61 322
63 811
69 805
-
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.

15 331
15 953
17 451
-
total
15 331
15 953
17 451
-
Dividends
45 991
47 858
-
-
withholding
12 648
13 161
-
-
total
12 648
13 161
-
-
Income
89 500
89 500
89 500
89 500
Total tax
40 184
39 936
65 767
43 462
After tax
49 316
49 564
23 733
46 038
Living cost
15 970
15 970
15 970
15 970
Free-cash
33 346
33 594
7 763
30 068

Estimated living cost  is ₴15970 per week

₴9580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1631
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.
₴4474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴78752
₴65327
₴82332
₴77576
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
89 500
microenterprise

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

-
-
-
895
total
-
-
-
895
Employee
7 842
-
89 500
-
income
1 568
-
17 900
-
total
1 568
-
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%.

81 658
89 500
-
-
total
-
-
-
-
Dividends
81 658
89 500
-
-
withholding
4 083
4 475
-
-
total
4 083
4 475
-
-
Income
89 500
89 500
89 500
89 500
Total tax
5 651
4 475
17 900
895
After tax
83 849
85 025
71 600
88 605
Living cost
6 273
6 273
6 273
6 273
Free-cash
77 576
78 752
65 327
82 332

Estimated living cost  is ₴6273 per week

₴4245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
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.
₴1554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48194
₴27848
₴30219
₴44008
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
20 569
unemployment
-
-
-
134
health
-
-
-
8 807
pensions
-
-
-
16 345
total
-
-
-
45 855
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.

22 135
-
77 442
-
unemployment
31
-
108
-
pensions
3 431
-
12 003
-
income
3 817
-
19 053
-
health
1 430
-
5 003
-
total
8 709
-
36 167
-
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.

22 135
-
77 442
-
health
1 474
-
5 158
-
pensions
1 959
-
6 854
-
unemployment
13
-
47
-
total
3 446
-
12 059
-
Corporate
63 919
89 500
-
-
income
12 145
17 005
-
-
total
12 145
17 005
-
-
Dividends
51 774
72 495
-
-
withholding
7 766
10 875
-
-
total
7 766
10 875
-
-
Income
89 500
89 500
89 500
89 500
Total tax
32 066
27 880
48 226
45 855
After tax
57 434
61 620
41 274
43 645
Living cost
13 426
13 426
13 426
13 426
Free-cash
44 008
48 194
27 848
30 219

Estimated living cost  is ₴13426 per week

₴9214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33072
₴61602
₴40472
₴9503
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 445
social contributions
-
-
-
10 203
total
-
-
-
27 648
Employee
30 656
-
-
-
social contributions
2 514
-
358
-
income
6 762
-
-
-
total
9 276
-
358
-
Employer
30 656
-
-
-
social contributions
43 225
-
6 160
-
total
43 225
-
6 160
-
Corporate
15 620
89 500
-
-
income
3 436
19 690
-
-
total
3 436
19 690
-
-
Dividends
12 183
69 810
-
-
income
2 680
15 358
-
-
total
2 680
15 358
-
-
Income
89 500
89 500
89 500
89 500
Total tax
58 617
35 048
6 518
27 648
After tax
30 883
54 452
82 982
61 852
Living cost
21 380
21 380
21 380
21 380
Free-cash
9 503
33 072
61 602
40 472

Estimated living cost  is ₴21380 per week

₴13872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5224
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35207
₴25361
₴32146
₴34703
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
10 552
surtax
-
-
-
-
social contributions

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

-
-
-
31 101
total
-
-
-
41 653
Employee
23 022
-
72 323
-
surtax
-
-
-
-
social contributions
2 532
-
7 955
-
income
4 789
-
23 307
-
total
7 321
-
31 262
-
Employer
23 022
-
72 323
-
social contributions
5 468
-
17 176
-
total
5 468
-
17 176
-
Corporate
61 010
89 500
-
-
income
12 812
18 795
-
-
surtax
-
-
-
-
total
12 812
18 795
-
-
Dividends
48 198
70 705
-
-
withholding
13 495
19 797
-
-
total
13 495
19 797
-
-
Income
89 500
89 500
89 500
89 500
Total tax
39 096
38 592
48 438
41 653
After tax
50 404
50 908
41 062
47 847
Living cost
15 701
15 701
15 701
15 701
Free-cash
34 703
35 207
25 361
32 146

Estimated living cost  is ₴15701 per week

₴11748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20932
₴24848
₴26237
₴24374
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 103
other
-
-
-
2 775
surtax
-
-
-
-
social contributions
-
-
-
2 551
health
-
-
-
3 826
pensions
-
-
-
15 832
total
-
-
-
39 087
Employee
31 351
-
69 276
-
pensions
3 546
-
4 813
-
surtax
-
-
-
-
social contributions
893
-
1 974
-
income
2 735
-
13 465
-
total
7 174
-
20 252
-
Employer
31 351
-
69 276
-
health
2 194
-
6 405
-
pensions
5 151
-
8 104
-
unemployment
1 270
-
2 806
-
social contributions
94
-
208
-
other
1 082
-
2 701
-
total
9 791
-
20 224
-
Corporate
48 357
89 500
-
-
income
13 540
25 060
-
-
surtax
-
-
-
-
total
13 540
25 060
-
-
Dividends
34 817
64 440
-
-
surtax
-
-
-
-
social contributions
5 988
11 084
-
-
withholding
4 457
8 248
-
-
total
10 445
19 332
-
-
Income
89 500
89 500
89 500
89 500
Total tax
40 950
44 392
40 476
39 087
After tax
48 550
45 108
49 024
50 413
Living cost
24 176
24 176
24 176
24 176
Free-cash
24 374
20 932
24 848
26 237

Estimated living cost  is ₴24176 per week

₴16362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1978
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.
₴5505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65503
₴53201
₴50822
₴63822
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 941
social contributions
-
-
-
19 690
total
-
-
-
23 631
Employee
16 093
-
77 489
-
income
-
-
4 205
-
social contributions
1 046
-
5 036
-
total
1 046
-
9 241
-
Employer
16 093
-
77 489
-
social contributions
2 494
-
12 011
-
total
2 494
-
12 011
-
Corporate
70 913
89 500
-
-
income
7 091
8 950
-
-
total
7 091
8 950
-
-
Dividends
63 822
80 550
-
-
total
-
-
-
-
Income
89 500
89 500
89 500
89 500
Total tax
10 631
8 950
21 252
23 631
After tax
78 869
80 550
68 248
65 869
Living cost
15 047
15 047
15 047
15 047
Free-cash
63 822
65 503
53 201
50 822

Estimated living cost  is ₴15047 per week

₴9729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19559
-₴19559
₴28601
-₴19559
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 125
municipal
-
-
-
18 683
national
-
-
-
10 550
pensions
-
-
-
434
total
-
-
-
36 792
Employee
101 748
101 748
101 748
-
municipal
21 667
21 667
21 667
-
labour market
8 128
8 128
8 128
-
pensions
145
145
145
-
national
12 430
12 430
12 430
-
total
42 370
42 370
42 370
-
Employer
101 748
101 748
101 748
-
national
12 452
12 452
12 452
-
labour market
8 140
8 140
8 140
-
pensions
289
289
289
-
municipal
21 701
21 701
21 701
-
total
42 582
42 582
42 582
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
89 500
89 500
89 500
89 500
Total tax
84 952
84 952
84 952
36 792
After tax
4 548
4 548
4 548
52 708
Living cost
24 107
24 107
24 107
24 107
Free-cash
-19 559
-19 559
-19 559
28 601

Estimated living cost  is ₴24107 per week

₴16499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3745
₴37625
₴50187
₴5562
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
128
income
-
-
-
24 785
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
28 318
Employee
17 296
-
80 591
-
pensions
1 948
-
3 870
-
income
2 373
-
18 874
-
health
1 980
-
9 228
-
total
6 301
-
31 972
-
Employer
17 296
-
80 591
-
pensions
2 812
-
5 588
-
accident
289
-
1 346
-
unemployment
424
-
1 974
-
total
3 525
-
8 908
-
Corporate
68 680
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.

61 812
80 550
-
-
total
61 812
80 550
-
-
Dividends
6 868
8 950
-
-
withholding
1 305
1 700
-
-
total
1 305
1 700
-
-
Income
89 500
89 500
89 500
89 500
Total tax
72 943
82 250
40 880
28 318
After tax
16 557
7 250
48 620
61 182
Living cost
10 995
10 995
10 995
10 995
Free-cash
5 562
-3 745
37 625
50 187

Estimated living cost  is ₴10995 per week

₴8003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴627
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2159
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36782
₴27650
₴38315
₴38071
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 169
municipal
-
-
-
15 900
national
-
-
-
14 898
total
-
-
-
31 967
Employee
26 336
-
75 293
-
municipal
4 314
-
12 263
-
unemployment
395
-
1 129
-
pensions
1 777
-
5 082
-
national
435
-
9 001
-
health
197
-
951
-
total
7 118
-
28 426
-
Employer
26 336
-
75 293
-
health
202
-
579
-
pensions
4 569
-
13 063
-
accident
27
-
75
-
unemployment
171
-
489
-
total
4 969
-
14 206
-
Corporate
58 195
89 500
-
-
income
11 639
17 900
-
-
total
11 639
17 900
-
-
Dividends

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

34 917
53 700
-
-
municipal
6 286
9 666
-
-
national
2 199
5 934
-
-
total
8 485
15 600
-
-
Income
89 500
89 500
89 500
89 500
Total tax
32 211
33 500
42 632
31 967
After tax
57 289
56 000
46 868
57 533
Living cost
19 218
19 218
19 218
19 218
Free-cash
38 071
36 782
27 650
38 315

Estimated living cost  is ₴19218 per week

₴12553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53697
₴48734
₴49517
₴50975
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 012
social contributions
-
-
-
8 099
health
-
-
-
2 283
total
-
-
-
28 394
Employee
38 491
38 491
83 644
-
social contributions
1 455
3 195
4 309
-
income
4 191
3 563
17 590
-
health
298
654
1 422
-
total
5 944
7 412
23 321
-
Employer
38 491
38 491
83 644
-
health
324
712
1 547
-
social contributions
1 455
3 195
4 309
-
total
1 779
3 907
5 856
-
Corporate
70 187
47 102
-
-
income
8 773
5 888
-
-
total
8 773
5 888
-
-
Dividends
61 414
41 215
-
-
withholding
10 440
7 007
-
-
total
10 440
7 007
-
-
Income
89 500
89 500
89 500
89 500
Total tax
26 936
24 214
29 177
28 394
After tax
62 564
65 286
60 323
61 106
Living cost
11 589
11 589
11 589
11 589
Free-cash
50 975
53 697
48 734
49 517

Estimated living cost  is ₴11589 per week

₴6946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1137
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66168
₴57388
₴67427
₴63621
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 117
unemployment
-
-
-
14
health
-
-
-
1 811
pensions
-
-
-
3 184
total
-
-
-
14 126
Employee

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

11 490
-
84 608
-
unemployment
57
-
237
-
pensions
1 723
-
7 124
-
income
786
-
7 876
-
health
977
-
4 037
-
total
3 543
-
19 274
-
Employer

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

11 490
-
84 608
-
health
494
-
2 042
-
pensions
632
-
2 612
-
unemployment
57
-
237
-
total
1 183
-
4 891
-
Corporate
76 828
89 500
-
-
income
6 914
8 055
-
-
total
6 914
8 055
-
-
Dividends
69 913
81 445
-
-
withholding
6 292
7 330
-
-
total
6 292
7 330
-
-
Income
89 500
89 500
89 500
89 500
Total tax
17 932
15 385
24 165
14 126
After tax
71 568
74 115
65 335
75 374
Living cost
7 947
7 947
7 947
7 947
Free-cash
63 621
66 168
57 388
67 427

Estimated living cost  is ₴7947 per week

₴5071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
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.
₴2067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45877
₴34347
₴36446
₴43667
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
418
income
-
-
-
25 369
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
39 289
Employee
18 509
-
74 709
-
other
18
-
47
-
unemployment
287
-
719
-
pensions
870
-
2 181
-
income
3 568
-
23 650
-
total
4 743
-
26 597
-
Employer
18 509
-
74 709
-
pensions
4 368
-
10 950
-
accident
367
-
919
-
unemployment
1 018
-
2 551
-
other
148
-
371
-
total
5 901
-
14 791
-
Corporate
65 090
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.

9 763
13 425
-
-
total
9 763
13 425
-
-
Dividends
55 327
76 075
-
-
withholding
11 661
16 433
-
-
total
11 661
16 433
-
-
Income
89 500
89 500
89 500
89 500
Total tax
32 068
29 858
41 388
39 289
After tax
57 432
59 642
48 112
50 211
Living cost
13 765
13 765
13 765
13 765
Free-cash
43 667
45 877
34 347
36 446

Estimated living cost  is ₴13765 per week

₴9291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54837
₴56498
₴56570
₴54671
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30 646
health
-
-
-
535
pensions
-
-
-
738
total
-
-
-
31 919
Employee
1 540
-
88 670
-
unemployment
15
-
37
-
pensions
139
-
332
-
income
298
-
30 608
-
health
77
-
184
-
total
529
-
31 161
-
Employer
1 540
-
88 670
-
health
146
-
350
-
pensions
169
-
406
-
unemployment
31
-
74
-
total
346
-
830
-
Corporate
87 613
89 500
-
-
income
19 275
19 690
-
-
total
19 275
19 690
-
-
Dividends
68 338
69 810
-
-
withholding
13 668
13 962
-
-
total
13 668
13 962
-
-
Income
89 500
89 500
89 500
89 500
Total tax
33 818
33 652
31 991
31 919
After tax
55 682
55 848
57 509
57 581
Living cost
1 011
1 011
1 011
1 011
Free-cash
54 671
54 837
56 498
56 570

Estimated living cost  is ₴1011 per week

₴601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56003
₴46565
₴46566
₴53539
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
20 283
unemployment
-
-
-
555
health
-
-
-
3 812
pensions
-
-
-
9 623
total
-
-
-
34 273
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.

13 060
-
82 875
-
unemployment
98
-
278
-
pensions
1 828
-
5 182
-
income
1 800
-
20 283
-
health
673
-
1 906
-
total
4 399
-
27 649
-
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.

13 060
-
82 875
-
health
673
-
1 906
-
pensions
1 567
-
4 441
-
unemployment
98
-
278
-
total
2 338
-
6 625
-
Corporate
74 102
89 500
-
-
income
11 115
13 425
-
-
total
11 115
13 425
-
-
Dividends
62 987
76 075
-
-
withholding
9 448
11 411
-
-
total
9 448
11 411
-
-
Income
89 500
89 500
89 500
89 500
Total tax
27 300
24 836
34 274
34 273
After tax
62 200
64 664
55 226
55 227
Living cost
8 661
8 661
8 661
8 661
Free-cash
53 539
56 003
46 565
46 566

Estimated living cost  is ₴8661 per week

₴5832
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.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37413
₴27567
₴34352
₴37233
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
10 552
surtax
-
-
-
-
social contributions

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

-
-
-
31 101
total
-
-
-
41 653
Employee
19 428
-
72 323
-
surtax
-
-
-
-
social contributions
2 137
-
7 955
-
income
3 796
-
23 307
-
total
5 933
-
31 262
-
Employer
19 428
-
72 323
-
social contributions
4 614
-
17 176
-
total
4 614
-
17 176
-
Corporate
65 458
89 500
-
-
income
13 746
18 795
-
-
surtax
-
-
-
-
total
13 746
18 795
-
-
Dividends
51 712
70 705
-
-
withholding
14 479
19 797
-
-
total
14 479
19 797
-
-
Income
89 500
89 500
89 500
89 500
Total tax
38 772
38 592
48 438
41 653
After tax
50 728
50 908
41 062
47 847
Living cost
13 495
13 495
13 495
13 495
Free-cash
37 233
37 413
27 567
34 352

Estimated living cost  is ₴13495 per week

₴9558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴938
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42050
₴30520
₴32619
₴38775
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
418
income
-
-
-
25 369
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
39 289
Employee
24 175
-
74 709
-
other
24
-
47
-
unemployment
374
-
719
-
pensions
1 136
-
2 181
-
income
5 049
-
23 650
-
total
6 583
-
26 597
-
Employer
24 175
-
74 709
-
pensions
5 705
-
10 950
-
accident
479
-
919
-
unemployment
1 330
-
2 551
-
other
194
-
371
-
total
7 708
-
14 791
-
Corporate
57 618
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.

8 642
13 425
-
-
total
8 642
13 425
-
-
Dividends
48 975
76 075
-
-
withholding
10 200
16 433
-
-
total
10 200
16 433
-
-
Income
89 500
89 500
89 500
89 500
Total tax
33 133
29 858
41 388
39 289
After tax
56 367
59 642
48 112
50 211
Living cost
17 592
17 592
17 592
17 592
Free-cash
38 775
42 050
30 520
32 619

Estimated living cost  is ₴17592 per week

₴12634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
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.
₴3343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67912
₴66321
₴62795
₴64862
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 425
unemployment
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
18 094
Employee
11 402
-
86 070
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
pensions

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

1 001
-
1 535
-
income
1 140
-
8 607
-
health
525
-
804
-
total
2 791
-
11 138
-
Employer
11 402
-
86 070
-
health
787
-
1 206
-
pensions

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

1 256
-
1 927
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
unemployment
68
-
105
-
total
2 236
-
3 430
-
Corporate
75 861
89 500
-
-
income
7 586
8 950
-
-
total
7 586
8 950
-
-
Dividends
68 274
80 550
-
-
withholding
3 414
4 027
-
-
total
3 414
4 027
-
-
Income
89 500
89 500
89 500
89 500
Total tax
16 027
12 977
14 568
18 094
After tax
73 473
76 523
74 932
71 406
Living cost
8 611
8 611
8 611
8 611
Free-cash
64 862
67 912
66 321
62 795

Estimated living cost  is ₴8611 per week

₴5695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴493
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26734
₴37414
₴27910
₴33282
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
27 812
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.

-
-
-
1 529
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.

-
-
-
3 420
trade
-
-
-
9 504
total
-
-
-
42 265
Employee

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

24 906
-
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.

113
-
1 529
-
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.

2 048
-
27 812
-
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.

3 420
-
3 420
-
total
5 581
-
32 761
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
64 594
89 500
-
-
income
9 689
13 425
-
-
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.

533
738
-
-
chamber of commerce
171
207
-
-
trade
9 269
12 844
-
-
total
19 662
27 214
-
-
Dividends
44 932
62 286
-
-
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.

607
846
-
-
withholding
11 043
15 381
-
-
total
11 650
16 227
-
-
Income
89 500
89 500
89 500
89 500
Total tax
36 893
43 441
32 761
42 265
After tax
52 607
46 059
56 739
47 235
Living cost
19 325
19 325
19 325
19 325
Free-cash
33 282
26 734
37 414
27 910

Estimated living cost  is ₴19325 per week

₴13331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34136
₴18497
₴18497
₴35242
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 526
social contributions
-
-
-
14 963
total
-
-
-
42 489
Employee
39 155
-
89 500
-
income
7 388
-
27 526
-
social contributions
3 253
-
14 963
-
total
10 641
-
42 489
-
Employer
39 155
-
89 500
-
total
-
-
-
-
Corporate
50 345
89 500
-
-
income
6 293
11 187
-
-
total
6 293
11 187
-
-
Dividends
44 052
78 313
-
-
withholding
8 810
15 663
-
-
total
8 810
15 663
-
-
Income
89 500
89 500
89 500
89 500
Total tax
25 744
26 850
42 489
42 489
After tax
63 756
62 650
47 011
47 011
Living cost
28 514
28 514
28 514
28 514
Free-cash
35 242
34 136
18 497
18 497

Estimated living cost  is ₴28514 per week

₴21693
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37360
₴45383
₴54052
₴39109
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 249
health

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

-
-
-
3 028
total
-
-
-
17 277
Employee
22 963
-
87 197
-
income
2 492
-
21 340
-
social contributions
2 301
-
2 303
-
total
4 793
-
23 643
-
Employer
22 963
-
87 197
-
social contributions
2 301
-
2 303
-
total
2 301
-
2 303
-
Corporate
64 237
89 500
-
-
income
22 482
31 325
-
-
total
22 482
31 325
-
-
Dividends
41 754
58 175
-
-
social contributions
2 645
2 645
-
-
total
2 645
2 645
-
-
Income
89 500
89 500
89 500
89 500
Total tax
32 221
33 970
25 946
17 277
After tax
57 279
55 530
63 554
72 223
Living cost
18 170
18 170
18 170
18 170
Free-cash
39 109
37 360
45 383
54 052

Estimated living cost  is ₴18170 per week

₴11969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1432
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.
₴4490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39819
₴32522
₴40618
₴42792
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 689
pensions
-
-
-
4 539
total
-
-
-
30 228
Employee
25 605
-
78 174
-
pensions
1 954
-
5 576
-
income
4 663
-
20 293
-
health
334
-
1 129
-
total
6 951
-
26 998
-
Employer
25 605
-
78 174
-
health
487
-
1 485
-
pensions
2 587
-
9 841
-
total
3 074
-
11 326
-
Corporate
60 822
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.

11 557
17 005
-
-
total
11 557
17 005
-
-
Dividends
49 265
72 495
-
-
withholding
6 472
14 022
-
-
total
6 472
14 022
-
-
Income
89 500
89 500
89 500
89 500
Total tax
28 054
31 027
38 324
30 228
After tax
61 446
58 473
51 176
59 272
Living cost
18 654
18 654
18 654
18 654
Free-cash
42 792
39 819
32 522
40 618

Estimated living cost  is ₴18654 per week

₴12796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1715
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4833
₴36537
₴49099
₴5396
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
128
income
-
-
-
24 785
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
28 318
Employee
19 008
-
80 591
-
pensions
2 140
-
3 870
-
income
2 608
-
18 874
-
health
2 176
-
9 228
-
total
6 924
-
31 972
-
Employer
19 008
-
80 591
-
pensions
3 091
-
5 588
-
accident
317
-
1 346
-
unemployment
466
-
1 974
-
total
3 874
-
8 908
-
Corporate
66 619
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.

59 957
80 550
-
-
total
59 957
80 550
-
-
Dividends
6 662
8 950
-
-
withholding
1 266
1 700
-
-
total
1 266
1 700
-
-
Income
89 500
89 500
89 500
89 500
Total tax
72 021
82 250
40 880
28 318
After tax
17 479
7 250
48 620
61 182
Living cost
12 083
12 083
12 083
12 083
Free-cash
5 396
-4 833
36 537
49 099

Estimated living cost  is ₴12083 per week

₴8868
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴704
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2268
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68550
₴56950
₴45938
₴66207
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 776
unemployment
-
-
-
961
work injury
-
-
-
400
health insurance
-
-
-
5 926
pensions
-
-
-
14 735
total
-
-
-
36 798
Employee

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

10 822
-
89 500
-
health insurance
801
-
2 963
-
unemployment
130
-
480
-
work injury
54
-
200
-
pensions
1 991
-
7 367
-
income
1 082
-
14 776
-
total
4 058
-
25 786
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
78 678
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%.

787
895
-
-
total
787
895
-
-
Dividends
77 891
88 605
-
-
withholding
11 684
13 291
-
-
total
11 684
13 291
-
-
Income
89 500
89 500
89 500
89 500
Total tax
16 529
14 186
25 786
36 798
After tax
72 971
75 314
63 714
52 702
Living cost
6 764
6 764
6 764
6 764
Free-cash
66 207
68 550
56 950
45 938

Estimated living cost  is ₴6764 per week

₴4190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27201
₴17766
₴21697
₴24924
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
2 051
municipal
-
-
-
598
national
-
-
-
22 194
total
-
-
-
47 862
Employee
42 180
-
89 500
-
municipal
252
-
534
-
national
7 128
-
19 258
-
regional
637
-
1 821
-
social contributions
14 223
-
30 180
-
total
22 240
-
51 793
-
Employer
42 180
-
89 500
-
total
-
-
-
-
Corporate
47 320
89 500
-
-
municipal
2 281
4 314
-
-
nationa
11 357
21 480
-
-
total
13 638
25 794
-
-
Dividends
33 682
63 706
-
-
withholding
8 757
16 564
-
-
total
8 757
16 564
-
-
Income
89 500
89 500
89 500
89 500
Total tax
44 635
42 358
51 793
47 862
After tax
44 865
47 142
37 707
41 638
Living cost
19 941
19 941
19 941
19 941
Free-cash
24 924
27 201
17 766
21 697

Estimated living cost  is ₴19941 per week

₴14007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
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.
₴4260
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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