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
₴ 90500
per

Your estimated
City
free-cash

Dresden , Germany
₴30656
₴42231
₴31600
₴36128
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
90 500
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.

-
-
-
28 348
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.

-
-
-
1 559
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.

-
-
-
3 379
trade
-
-
-
10 631
total
-
-
-
43 917
Employee

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

18 920
-
90 500
-
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
-
1 559
-
income

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

529
-
28 348
-
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.

3 379
-
3 379
-
total
3 937
-
33 286
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 580
90 500
-
-
income
10 737
13 575
-
-
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.

590
746
-
-
chamber of commerce
178
206
-
-
trade
11 274
14 254
-
-
total
22 779
28 781
-
-
Dividends
48 800
61 720
-
-
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.

661
838
-
-
withholding
12 012
15 242
-
-
total
12 673
16 080
-
-
Income
90 500
90 500
90 500
90 500
Total tax
39 389
44 861
33 286
43 917
After tax
51 111
45 639
57 214
46 583
Living cost
14 983
14 983
14 983
14 983
Free-cash
36 128
30 656
42 231
31 600

Estimated living cost  is ₴14983 per week

₴9425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1747
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.
₴3531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30037
₴27549
₴26979
₴29597
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
social contributions
-
-
-
973
municipal
-
-
-
9 905
national
-
-
-
15 348
pensions
-
-
-
10 860
total
-
-
-
37 086
Employee
40 979
-
78 236
-
municipal
5 062
-
10 255
-
pensions
1 639
-
3 129
-
national
7 843
-
16 032
-
total
14 544
-
29 416
-
Employer
40 979
-
78 236
-
pensions
3 278
-
6 259
-
social contributions
441
-
841
-
total
3 719
-
7 100
-
Corporate
43 098
90 500
-
-
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%.

8 620
18 100
-
-
total
8 620
18 100
-
-
Dividends
34 478
72 400
-
-
withholding
7 585
15 928
-
-
total
7 585
15 928
-
-
Income
90 500
90 500
90 500
90 500
Total tax
34 468
34 028
36 516
37 086
After tax
56 032
56 472
53 984
53 414
Living cost
26 435
26 435
26 435
26 435
Free-cash
29 597
30 037
27 549
26 979

Estimated living cost  is ₴26435 per week

₴17967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2457
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴396
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴62109
₴27963
₴21227
₴58051
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
90 500
income
-
-
-
16 951
surtax
-
-
-
23 078
social contributions

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

-
-
-
18 953
microenterprise
-
-
-
-
total
-
-
-
58 982
Employee
14 454
-
68 737
-
surtax
-
-
9 966
-
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.

1 590
-
6 485
-
income
2 573
-
14 032
-
total
4 163
-
30 483
-
Employer
14 454
-
68 737
-
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.

3 482
-
14 202
-
surtax
-
-
7 561
-
total
3 482
-
21 763
-
Corporate
72 564
90 500
-
-
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%.

14 513
18 100
-
-
total
14 513
18 100
-
-
Dividends

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

58 051
72 400
-
-
total
-
-
-
-
Income
90 500
90 500
90 500
90 500
Total tax
22 158
18 100
52 246
58 982
After tax
68 342
72 400
38 254
31 518
Living cost
10 291
10 291
10 291
10 291
Free-cash
58 051
62 109
27 963
21 227

Estimated living cost  is ₴10291 per week

₴6565
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴980
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2512
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24134
₴36184
₴29007
₴21103
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
28 875
health
-
-
-
6 100
pensions
-
-
-
5 796
total
-
-
-
40 771
Employee
42 243
42 243
81 307
-
pensions
7 604
5 796
5 796
-
income

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

6 914
6 914
12 505
-
health
6 484
5 515
6 100
-
total
21 002
18 225
24 401
-
Employer
42 243
42 243
81 307
-
health
2 936
2 936
3 649
-
pensions
2 940
2 940
3 654
-
unemployment
1 521
1 521
1 890
-
total
7 397
7 397
9 193
-
Corporate
41 378
40 860
-
-
income
8 276
8 172
-
-
total
8 276
8 172
-
-
Dividends
33 102
32 688
-
-
income
7 035
6 947
-
-
withholding
4 965
4 903
-
-
total
12 000
11 850
-
-
Income
90 500
90 500
90 500
90 500
Total tax
48 675
45 644
33 594
40 771
After tax
41 825
44 856
56 906
49 729
Living cost
20 722
20 722
20 722
20 722
Free-cash
21 103
24 134
36 184
29 007

Estimated living cost  is ₴20722 per week

₴14685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29178
₴25673
₴26165
₴28724
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
accident
-
-
-
89
other
-
-
-
5 153
unemployment
-
-
-
44
health
-
-
-
2 767
municipal
-
-
-
23 156
national
-
-
-
8 097
pensions
-
-
-
4 794
total
-
-
-
44 100
Employee
28 833
-
76 566
-
municipal
8 598
-
22 832
-
national
-
-
7 826
-
total
8 598
-
30 658
-
Employer
28 833
-
76 566
-
health
1 773
-
2 727
-
pensions
3 117
-
4 794
-
accident
58
-
89
-
unemployment
761
-
1 171
-
other
3 350
-
5 153
-
total
9 059
-
13 934
-
Corporate
52 607
90 500
-
-
income
11 574
19 910
-
-
total
11 574
19 910
-
-
Dividends
41 034
70 590
-
-
withholding
12 310
21 177
-
-
total
12 310
21 177
-
-
Income
90 500
90 500
90 500
90 500
Total tax
41 541
41 087
44 592
44 100
After tax
48 959
49 413
45 908
46 400
Living cost
20 235
20 235
20 235
20 235
Free-cash
28 724
29 178
25 673
26 165

Estimated living cost  is ₴20235 per week

₴13411
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1986
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25741
₴37781
₴26677
₴32692
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
90 500
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.

-
-
-
28 348
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.

-
-
-
1 559
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.

-
-
-
3 379
trade
-
-
-
11 104
total
-
-
-
44 390
Employee

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

25 086
-
90 500
-
surtax

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

118
-
1 559
-
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.

2 155
-
28 348
-
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.

3 379
-
3 379
-
total
5 652
-
33 286
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 414
90 500
-
-
income
9 813
13 575
-
-
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.

540
746
-
-
chamber of commerce
168
204
-
-
trade
10 761
14 887
-
-
total
21 282
29 412
-
-
Dividends
44 133
61 088
-
-
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.

596
830
-
-
withholding
10 845
15 084
-
-
total
11 441
15 914
-
-
Income
90 500
90 500
90 500
90 500
Total tax
38 375
45 326
33 286
44 390
After tax
52 125
45 174
57 214
46 110
Living cost
19 433
19 433
19 433
19 433
Free-cash
32 692
25 741
37 781
26 677

Estimated living cost  is ₴19433 per week

₴12997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2049
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.
₴4097
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49965
₴44856
₴45644
₴47915
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
18 500
social contributions
-
-
-
8 004
health
-
-
-
2 307
total
-
-
-
28 811
Employee
38 038
38 038
84 675
-
social contributions
1 848
3 157
4 258
-
income
3 994
3 521
18 077
-
health
378
647
1 439
-
total
6 220
7 325
23 774
-
Employer
38 038
38 038
84 675
-
health
412
704
1 567
-
social contributions
1 848
3 157
4 258
-
total
2 260
3 861
5 825
-
Corporate
65 974
48 601
-
-
income
8 247
6 075
-
-
total
8 247
6 075
-
-
Dividends
57 727
42 526
-
-
withholding
9 813
7 229
-
-
total
9 813
7 229
-
-
Income
90 500
90 500
90 500
90 500
Total tax
26 540
24 490
29 599
28 811
After tax
63 960
66 010
60 901
61 689
Living cost
16 045
16 045
16 045
16 045
Free-cash
47 915
49 965
44 856
45 644

Estimated living cost  is ₴16045 per week

₴10968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41748
₴43379
₴53609
₴41937
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
11 064
unemployment
-
-
-
1 357
health
-
-
-
6 335
pensions
-
-
-
9 050
total
-
-
-
27 806
Employee

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

The minimum wage is 138,000 HUF per month.

13 114
5 219
75 732
-
unemployment
197
78
1 136
-
pensions
1 311
522
7 573
-
income
1 603
638
9 258
-
health
918
365
5 301
-
total
4 029
1 603
23 268
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 114
5 219
75 732
-
pensions
2 557
1 018
14 768
-
total
2 557
1 018
14 768
-
Corporate
74 829
84 263
-
-
income
6 735
7 584
-
-
total
6 735
7 584
-
-
Dividends
68 094
76 679
-
-
social contributions
13 219
14 893
-
-
withholding
12 938
14 569
-
-
total
26 157
29 462
-
-
Income
90 500
90 500
90 500
90 500
Total tax
39 478
39 667
38 036
27 806
After tax
51 022
50 833
52 464
62 694
Living cost
9 085
9 085
9 085
9 085
Free-cash
41 937
41 748
43 379
53 609

Estimated living cost  is ₴9085 per week

₴6200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60452
₴40215
₴36560
₴57378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
12 127
health
-
-
-
11 765
pensions
-
-
-
18 100
total
-
-
-
41 992
Employee
14 033
-
67 638
-
unemployment
224
-
1 082
-
pensions
281
-
1 353
-
income
1 580
-
13 041
-
total
2 085
-
15 476
-
Employer
14 033
-
67 638
-
health
1 824
-
8 793
-
pensions
2 807
-
13 527
-
unemployment
113
-
541
-
total
4 744
-
22 861
-
Corporate
71 724
90 500
-
-
income
14 345
18 100
-
-
total
14 345
18 100
-
-
Dividends
57 379
72 400
-
-
total
-
-
-
-
Income
90 500
90 500
90 500
90 500
Total tax
21 174
18 100
38 337
41 992
After tax
69 326
72 400
52 163
48 508
Living cost
11 948
11 948
11 948
11 948
Free-cash
57 378
60 452
40 215
36 560

Estimated living cost  is ₴11948 per week

₴8195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴712
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2801
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3709
₴38193
₴50819
₴5638
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
accident
-
-
-
127
income
-
-
-
25 147
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 088
total
-
-
-
28 642
Employee
17 365
-
81 610
-
pensions
1 955
-
3 828
-
income
2 382
-
19 205
-
health
1 988
-
9 344
-
total
6 325
-
32 377
-
Employer
17 365
-
81 610
-
pensions
2 824
-
5 528
-
accident
290
-
1 363
-
unemployment
425
-
2 000
-
total
3 539
-
8 891
-
Corporate
69 597
90 500
-
-
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.

62 637
81 450
-
-
total
62 637
81 450
-
-
Dividends
6 960
9 050
-
-
withholding
1 322
1 720
-
-
total
1 322
1 720
-
-
Income
90 500
90 500
90 500
90 500
Total tax
73 823
83 170
41 268
28 642
After tax
16 677
7 330
49 232
61 858
Living cost
11 039
11 039
11 039
11 039
Free-cash
5 638
-3 709
38 193
50 819

Estimated living cost  is ₴11039 per week

₴8090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴612
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴81924
₴68349
₴85544
₴81164
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
90 500
microenterprise

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

-
-
-
905
total
-
-
-
905
Employee
5 064
-
90 500
-
income
1 013
-
18 100
-
total
1 013
-
18 100
-
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%.

85 436
90 500
-
-
total
-
-
-
-
Dividends
85 436
90 500
-
-
withholding
4 272
4 525
-
-
total
4 272
4 525
-
-
Income
90 500
90 500
90 500
90 500
Total tax
5 285
4 525
18 100
905
After tax
85 215
85 975
72 400
89 595
Living cost
4 051
4 051
4 051
4 051
Free-cash
81 164
81 924
68 349
85 544

Estimated living cost  is ₴4051 per week

₴2511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
₴53310
₴38029
₴38084
₴49968
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
14 298
other
-
-
-
3 573
health
-
-
-
3 310
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.

-
-
-
18 054
total
-
-
-
39 235
Employee
17 961
-
72 284
-
unemployment
179
-
723
-
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.

1 257
-
5 060
-
income
3 092
-
14 279
-
health
252
-
1 012
-
total
4 780
-
21 074
-
Employer
17 961
-
72 284
-
health
252
-
1 012
-
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.

3 054
-
12 288
-
accident
144
-
578
-
unemployment
179
-
723
-
other
898
-
3 615
-
total
4 527
-
18 216
-
Corporate
68 013
90 500
-
-
income
14 283
19 005
-
-
total
14 283
19 005
-
-
Dividends
53 730
71 495
-
-
withholding
3 761
5 004
-
-
total
3 761
5 004
-
-
Income
90 500
90 500
90 500
90 500
Total tax
27 351
24 009
39 290
39 235
After tax
63 149
66 491
51 210
51 265
Living cost
13 181
13 181
13 181
13 181
Free-cash
49 968
53 310
38 029
38 084

Estimated living cost  is ₴13181 per week

₴9313
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Bratislava model

Close
London , United Kingdom
₴26072
₴18820
₴26989
₴28395
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
26 330
pensions
-
-
-
4 486
total
-
-
-
30 816
Employee
46 259
-
79 017
-
pensions
4 463
-
5 486
-
income
8 339
-
20 886
-
health
762
-
1 129
-
total
13 564
-
27 501
-
Employer
46 259
-
79 017
-
health
879
-
1 501
-
pensions
5 462
-
9 983
-
total
6 341
-
11 484
-
Corporate
37 901
90 500
-
-
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.

7 202
17 195
-
-
total
7 202
17 195
-
-
Dividends
30 699
73 305
-
-
withholding
2 303
14 538
-
-
total
2 303
14 538
-
-
Income
90 500
90 500
90 500
90 500
Total tax
29 410
31 733
38 985
30 816
After tax
61 090
58 767
51 515
59 684
Living cost
32 695
32 695
32 695
32 695
Free-cash
28 395
26 072
18 820
26 989

Estimated living cost  is ₴32695 per week

₴24499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3841
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴70896
₴69420
₴65833
₴68601
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
13 575
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 556
total
-
-
-
18 186
Employee
8 582
-
87 112
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
pensions

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

754
-
1 516
-
income
858
-
8 711
-
health
395
-
794
-
total
2 101
-
11 211
-
Employer
8 582
-
87 112
-
health
592
-
1 191
-
pensions

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

946
-
1 903
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
unemployment
51
-
104
-
total
1 683
-
3 388
-
Corporate
80 234
90 500
-
-
income
8 023
9 050
-
-
total
8 023
9 050
-
-
Dividends
72 210
81 450
-
-
withholding
3 611
4 073
-
-
total
3 611
4 073
-
-
Income
90 500
90 500
90 500
90 500
Total tax
15 418
13 123
14 599
18 186
After tax
75 082
77 377
75 901
72 314
Living cost
6 481
6 481
6 481
6 481
Free-cash
68 601
70 896
69 420
65 833

Estimated living cost  is ₴6481 per week

₴3784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17426
₴29476
₴22299
₴18670
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
28 875
health
-
-
-
6 100
pensions
-
-
-
5 796
total
-
-
-
40 771
Employee
45 862
42 243
81 307
-
pensions
5 796
5 796
5 796
-
income

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

6 914
6 914
12 505
-
health
5 722
5 515
6 100
-
total
18 432
18 225
24 401
-
Employer
45 862
42 243
81 307
-
health
3 187
2 936
3 649
-
pensions
3 192
2 940
3 654
-
unemployment
1 651
1 521
1 890
-
total
8 030
7 397
9 193
-
Corporate
36 608
40 860
-
-
income
7 321
8 172
-
-
total
7 321
8 172
-
-
Dividends
29 287
32 688
-
-
income
6 224
6 947
-
-
withholding
4 393
4 903
-
-
total
10 617
11 850
-
-
Income
90 500
90 500
90 500
90 500
Total tax
44 400
45 644
33 594
40 771
After tax
46 100
44 856
56 906
49 729
Living cost
27 430
27 430
27 430
27 430
Free-cash
18 670
17 426
29 476
22 299

Estimated living cost  is ₴27430 per week

₴20234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2450
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4432
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50006
₴35170
₴39190
₴45618
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
9 087
social contributions
-
-
-
17 703
solidarity contribution
-
-
-
-
health
-
-
-
12 217
total
-
-
-
39 007
Employee
18 092
-
69 122
-
solidarity contribution
-
-
-
-
social contributions
1 176
-
3 941
-
income
2 171
-
8 377
-
health
2 442
-
9 331
-
total
5 789
-
21 649
-
Employer
18 092
-
69 122
-
health
1 628
-
6 221
-
social contributions
4 523
-
15 157
-
total
6 151
-
21 378
-
Corporate
66 256
90 500
-
-
income
12 589
17 195
-
-
total
12 589
17 195
-
-
Dividends
53 668
73 305
-
-
withholding
8 050
10 996
-
-
total
8 050
10 996
-
-
Income
90 500
90 500
90 500
90 500
Total tax
32 579
28 191
43 027
39 007
After tax
57 921
62 309
47 473
51 493
Living cost
12 303
12 303
12 303
12 303
Free-cash
45 618
50 006
35 170
39 190

Estimated living cost  is ₴12303 per week

₴8546
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2640
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27412
₴18094
₴22182
₴24829
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
social contributions
-
-
-
23 277
regional
-
-
-
1 071
municipal
-
-
-
538
national
-
-
-
22 559
total
-
-
-
47 445
Employee
43 963
-
90 500
-
municipal
233
-
480
-
national
7 618
-
19 590
-
regional
415
-
947
-
social contributions
14 824
-
30 516
-
total
23 090
-
51 533
-
Employer
43 963
-
90 500
-
total
-
-
-
-
Corporate
46 537
90 500
-
-
municipal
1 815
3 530
-
-
nationa
11 169
21 720
-
-
total
12 984
25 250
-
-
Dividends
33 553
65 250
-
-
withholding
8 724
16 965
-
-
total
8 724
16 965
-
-
Income
90 500
90 500
90 500
90 500
Total tax
44 798
42 215
51 533
47 445
After tax
45 702
48 285
38 967
43 055
Living cost
20 873
20 873
20 873
20 873
Free-cash
24 829
27 412
18 094
22 182

Estimated living cost  is ₴20873 per week

₴14550
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴46009
₴28841
₴31865
₴44468
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
25 677
other
-
-
-
-
surtax
-
-
-
4 038
unemployment
-
-
-
113
health
-
-
-
4 687
pensions
-
-
-
13 204
total
-
-
-
47 719
Employee
16 358
-
76 603
-
other
-
-
-
-
unemployment
1 139
-
4 595
-
pensions
1 091
-
4 404
-
surtax
54
-
3 446
-
income
2 742
-
22 718
-
health
418
-
1 683
-
total
5 444
-
36 846
-
Employer
16 358
-
76 603
-
health
744
-
3 004
-
pensions
2 181
-
8 801
-
unemployment
518
-
2 092
-
other
-
-
-
-
total
3 443
-
13 897
-
Corporate
70 698
90 500
-
-
income
18 381
23 530
-
-
total
18 381
23 530
-
-
Dividends
52 317
66 970
-
-
withholding
7 848
10 045
-
-
total
7 848
10 045
-
-
Income
90 500
90 500
90 500
90 500
Total tax
35 116
33 575
50 743
47 719
After tax
55 384
56 925
39 757
42 781
Living cost
10 916
10 916
10 916
10 916
Free-cash
44 468
46 009
28 841
31 865

Estimated living cost  is ₴10916 per week

₴6674
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1007
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2982
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36431
₴29179
₴37348
₴39661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
26 330
pensions
-
-
-
4 486
total
-
-
-
30 816
Employee
31 001
-
79 017
-
pensions
2 631
-
5 486
-
income
5 583
-
20 886
-
health
450
-
1 129
-
total
8 664
-
27 501
-
Employer
31 001
-
79 017
-
health
589
-
1 501
-
pensions
3 356
-
9 983
-
total
3 945
-
11 484
-
Corporate
55 554
90 500
-
-
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.

10 555
17 195
-
-
total
10 555
17 195
-
-
Dividends
44 999
73 305
-
-
withholding
5 339
14 538
-
-
total
5 339
14 538
-
-
Income
90 500
90 500
90 500
90 500
Total tax
28 503
31 733
38 985
30 816
After tax
61 997
58 767
51 515
59 684
Living cost
22 336
22 336
22 336
22 336
Free-cash
39 661
36 431
29 179
37 348

Estimated living cost  is ₴22336 per week

₴16734
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1674
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3694
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2030
₴29727
₴33847
₴18869
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
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.

-
-
-
1 810
regional
-
-
-
4 482
health
-
-
-
203
city
-
-
-
954
national
-
-
-
1 525
pensions
-
-
-
8 326
total
-
-
-
17 300
Employee
46 054
-
81 002
-
unemployment
-
-
-
-
pensions
3 869
-
6 804
-
national
218
-
1 103
-
regional
1 508
-
3 855
-
city
494
-
870
-
health
104
-
182
-
total
6 193
-
12 814
-
Employer
46 054
-
81 002
-
health
104
-
182
-
pensions
3 869
-
6 804
-
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.

921
-
1 620
-
total
4 894
-
8 606
-
Corporate
39 046
90 500
-
-
regional
8 258
19 140
-
-
national
3 319
7 693
-
-
total
11 577
26 833
-
-
Dividends
27 469
63 667
-
-
withholding
9 614
22 284
-
-
total
9 614
22 284
-
-
Income
90 500
90 500
90 500
90 500
Total tax
32 278
49 117
21 420
17 300
After tax
58 222
41 383
69 080
73 200
Living cost
39 353
39 353
39 353
39 353
Free-cash
18 869
2 030
29 727
33 847

Estimated living cost  is ₴39353 per week

₴25591
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3532
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴483
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9748
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴22048
₴34553
₴22977
₴30070
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
90 500
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.

-
-
-
28 348
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.

-
-
-
1 559
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.

-
-
-
3 379
trade
-
-
-
11 576
total
-
-
-
44 862
Employee

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

29 729
-
90 500
-
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.

192
-
1 559
-
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.

3 496
-
28 348
-
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.

3 379
-
3 379
-
total
7 067
-
33 286
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 771
90 500
-
-
income
9 116
13 575
-
-
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.

501
746
-
-
chamber of commerce
161
203
-
-
trade
10 423
15 521
-
-
total
20 201
30 045
-
-
Dividends
40 571
60 455
-
-
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.

547
820
-
-
withholding
9 954
14 926
-
-
total
10 501
15 746
-
-
Income
90 500
90 500
90 500
90 500
Total tax
37 769
45 791
33 286
44 862
After tax
52 731
44 709
57 214
45 638
Living cost
22 661
22 661
22 661
22 661
Free-cash
30 070
22 048
34 553
22 977

Estimated living cost  is ₴22661 per week

₴16551
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1813
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28688
₴32421
₴34021
₴31609
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
14 423
other
-
-
-
2 806
surtax
-
-
-
-
social contributions
-
-
-
2 579
health
-
-
-
3 931
pensions
-
-
-
15 816
total
-
-
-
39 555
Employee
21 171
-
69 939
-
pensions
2 394
-
4 906
-
surtax
-
-
-
-
social contributions
604
-
1 993
-
income
1 249
-
13 695
-
total
4 247
-
20 594
-
Employer
21 171
-
69 939
-
health
1 482
-
6 522
-
pensions
3 478
-
8 251
-
unemployment
857
-
2 832
-
social contributions
64
-
210
-
other
730
-
2 746
-
total
6 611
-
20 561
-
Corporate
62 717
90 500
-
-
income
17 561
25 340
-
-
surtax
-
-
-
-
total
17 561
25 340
-
-
Dividends
45 157
65 160
-
-
surtax
-
-
-
-
social contributions
7 768
11 207
-
-
withholding
5 780
8 341
-
-
total
13 548
19 548
-
-
Income
90 500
90 500
90 500
90 500
Total tax
41 967
44 888
41 155
39 555
After tax
48 533
45 612
49 345
50 945
Living cost
16 924
16 924
16 924
16 924
Free-cash
31 609
28 688
32 421
34 021

Estimated living cost  is ₴16924 per week

₴10671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1376
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.
₴4589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30365
₴34098
₴35698
₴33115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
14 423
other
-
-
-
2 806
surtax
-
-
-
-
social contributions
-
-
-
2 579
health
-
-
-
3 931
pensions
-
-
-
15 816
total
-
-
-
39 555
Employee
18 898
-
69 939
-
pensions
2 137
-
4 906
-
surtax
-
-
-
-
social contributions
539
-
1 993
-
income
974
-
13 695
-
total
3 650
-
20 594
-
Employer
18 898
-
69 939
-
health
1 323
-
6 522
-
pensions
3 105
-
8 251
-
unemployment
765
-
2 832
-
social contributions
56
-
210
-
other
652
-
2 746
-
total
5 901
-
20 561
-
Corporate
65 700
90 500
-
-
income
18 396
25 340
-
-
surtax
-
-
-
-
total
18 396
25 340
-
-
Dividends
47 304
65 160
-
-
surtax
-
-
-
-
social contributions
8 136
11 207
-
-
withholding
6 055
8 341
-
-
total
14 191
19 548
-
-
Income
90 500
90 500
90 500
90 500
Total tax
42 138
44 888
41 155
39 555
After tax
48 362
45 612
49 345
50 945
Living cost
15 247
15 247
15 247
15 247
Free-cash
33 115
30 365
34 098
35 698

Estimated living cost  is ₴15247 per week

₴8843
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1549
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44724
₴45664
₴47630
₴44981
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
13 575
social contributions
-
-
-
12 489
health
-
-
-
6 317
total
-
-
-
32 381
Employee
16 772
-
90 500
-
social contributions
2 315
-
12 489
-
income
2 797
-
15 541
-
health
1 171
-
6 317
-
total
6 283
-
34 347
-
Employer
16 772
-
90 500
-
total
-
-
-
-
Corporate
73 728
90 500
-
-
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%.

3 686
4 525
-
-
total
3 686
4 525
-
-
Dividends
70 041
85 975
-
-
social contributions
9 666
11 865
-
-
withholding
10 506
12 896
-
-
health
4 889
6 001
-
-
total
25 061
30 762
-
-
Income
90 500
90 500
90 500
90 500
Total tax
35 030
35 287
34 347
32 381
After tax
55 470
55 213
56 153
58 119
Living cost
10 489
10 489
10 489
10 489
Free-cash
44 981
44 724
45 664
47 630

Estimated living cost  is ₴10489 per week

₴7020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2581
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32613
₴6514
₴29028
₴31844
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
25 437
surtax
-
-
-
98
unemployment
-
-
-
3 034
chamber of commerce
-
-
-
362
health
-
-
-
4 420
pensions
-
-
-
10 691
total
-
-
-
44 042
Employee
24 721
19 713
72 683
-
other
247
197
578
-
unemployment
742
591
1 734
-
pensions
2 532
2 018
5 918
-
income
2 814
1 454
20 570
-
health
957
763
2 236
-
total
7 292
5 023
31 036
-
Employer
24 721
19 713
72 683
-
chamber of commerce
99
79
291
-
health
934
745
2 184
-
pensions
3 102
2 474
7 253
-
accident
321
256
751
-
unemployment
742
591
1 734
-
surtax
98
98
98
-
payroll
742
591
2 181
-
other
1 174
936
3 326
-
total
7 212
5 770
17 818
-
Corporate
58 567
65 015
70 805
-
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.

14 642
16 254
17 702
-
total
14 642
16 254
17 702
-
Dividends
43 925
48 761
-
-
withholding
12 080
13 410
-
-
total
12 080
13 410
-
-
Income
90 500
90 500
90 500
90 500
Total tax
41 226
40 457
66 556
44 042
After tax
49 274
50 043
23 944
46 458
Living cost
17 430
17 430
17 430
17 430
Free-cash
31 844
32 613
6 514
29 028

Estimated living cost  is ₴17430 per week

₴11625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1487
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.
₴4032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32571
₴13637
₴21221
₴25153
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
communal

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

-
-
-
4 690
social contributions
-
-
-
12 333
national
-
-
-
34 220
total
-
-
-
51 243
Employee

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

35 384
-
70 095
-
unemployment

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

308
-
610
-
communal

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

1 846
-
3 656
-
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.

2 654
-
5 257
-
national
10 878
-
25 603
-
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.

1 662
-
3 295
-
total
17 348
-
38 421
-
Employer

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

35 384
-
70 095
-
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.

2 176
-
4 311
-
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.

3 135
-
6 211
-
accident

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

460
-
912
-
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.

516
-
1 023
-
surtax
4 012
-
7 949
-
total
10 299
-
20 406
-
Corporate
44 816
90 500
-
-
income
8 963
18 100
-
-
surtax
179
362
-
-
total
9 142
18 462
-
-
Dividends
35 674
72 038
-
-
withholding

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

10 522
21 431
-
-
total
10 522
21 431
-
-
Income
90 500
90 500
90 500
90 500
Total tax
47 311
39 893
58 827
51 243
After tax
43 189
50 607
31 673
39 257
Living cost
18 036
18 036
18 036
18 036
Free-cash
25 153
32 571
13 637
21 221

Estimated living cost  is ₴18036 per week

₴11618
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1577
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.
₴4559
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42418
₴30810
₴32886
₴39031
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
accident
-
-
-
413
income
-
-
-
25 994
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 975
total
-
-
-
39 749
Employee
24 623
-
75 883
-
other
24
-
46
-
unemployment
382
-
711
-
pensions
1 157
-
2 155
-
income
5 195
-
24 296
-
total
6 758
-
27 208
-
Employer
24 623
-
75 883
-
pensions
5 811
-
10 821
-
accident
487
-
908
-
unemployment
1 355
-
2 521
-
other
196
-
367
-
total
7 849
-
14 617
-
Corporate
58 028
90 500
-
-
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.

8 704
13 575
-
-
total
8 704
13 575
-
-
Dividends
49 324
76 925
-
-
withholding
10 293
16 642
-
-
total
10 293
16 642
-
-
Income
90 500
90 500
90 500
90 500
Total tax
33 604
30 217
41 825
39 749
After tax
56 896
60 283
48 675
50 751
Living cost
17 865
17 865
17 865
17 865
Free-cash
39 031
42 418
30 810
32 886

Estimated living cost  is ₴17865 per week

₴13155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1267
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25823
₴21092
₴17485
₴19389
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
communal
-
-
-
5 720
accident
-
-
-
763
income
-
-
-
15 240
surtax
-
-
-
4 486
health
-
-
-
6 359
pensions
-
-
-
13 565
total
-
-
-
46 133
Employee
37 461
-
80 840
-
pensions
2 996
-
6 467
-
surtax
2 296
-
4 955
-
income
3 618
-
17 847
-
health
1 667
-
3 597
-
total
10 577
-
32 866
-
Employer
37 461
-
80 840
-
health
1 142
-
2 465
-
pensions
2 996
-
6 467
-
accident
337
-
728
-
total
4 475
-
9 660
-
Corporate
48 563
90 500
-
-
communal
3 278
6 108
-
-
income
7 285
13 575
-
-
surtax
510
950
-
-
total
11 073
20 633
-
-
Dividends
37 491
69 867
-
-
income
12 480
6 682
-
-
withholding
5 624
10 480
-
-
total
18 104
17 162
-
-
Income
90 500
90 500
90 500
90 500
Total tax
44 229
37 795
42 526
46 133
After tax
46 271
52 705
47 974
44 367
Living cost
26 882
26 882
26 882
26 882
Free-cash
19 389
25 823
21 092
17 485

Estimated living cost  is ₴26882 per week

₴20166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1629
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4803
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45814
₴28646
₴31670
₴44241
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
25 677
other
-
-
-
-
surtax
-
-
-
4 038
unemployment
-
-
-
113
health
-
-
-
4 687
pensions
-
-
-
13 204
total
-
-
-
47 719
Employee
16 659
-
76 603
-
other
-
-
-
-
unemployment
1 159
-
4 595
-
pensions
1 111
-
4 404
-
surtax
59
-
3 446
-
income
2 793
-
22 718
-
health
425
-
1 683
-
total
5 547
-
36 846
-
Employer
16 659
-
76 603
-
health
758
-
3 004
-
pensions
2 221
-
8 801
-
unemployment
529
-
2 092
-
other
-
-
-
-
total
3 508
-
13 897
-
Corporate
70 334
90 500
-
-
income
18 286
23 530
-
-
total
18 286
23 530
-
-
Dividends
52 048
66 970
-
-
withholding
7 807
10 045
-
-
total
7 807
10 045
-
-
Income
90 500
90 500
90 500
90 500
Total tax
35 148
33 575
50 743
47 719
After tax
55 352
56 925
39 757
42 781
Living cost
11 111
11 111
11 111
11 111
Free-cash
44 241
45 814
28 646
31 670

Estimated living cost  is ₴11111 per week

₴6708
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34245
₴25371
₴29437
₴33146
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
social contributions
-
-
-
23 277
regional
-
-
-
1 364
municipal
-
-
-
538
national
-
-
-
22 559
total
-
-
-
47 738
Employee
27 440
-
90 500
-
municipal
146
-
480
-
national
4 347
-
19 590
-
regional
369
-
1 218
-
social contributions
9 253
-
30 516
-
total
14 115
-
51 804
-
Employer
27 440
-
90 500
-
total
-
-
-
-
Corporate
63 060
90 500
-
-
municipal
3 134
4 497
-
-
nationa
15 134
21 720
-
-
total
18 268
26 217
-
-
Dividends
44 791
64 282
-
-
withholding
11 646
16 713
-
-
total
11 646
16 713
-
-
Income
90 500
90 500
90 500
90 500
Total tax
44 029
42 930
51 804
47 738
After tax
46 471
47 570
38 696
42 762
Living cost
13 325
13 325
13 325
13 325
Free-cash
33 146
34 245
25 371
29 437

Estimated living cost  is ₴13325 per week

₴8287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1350
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3460
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47149
₴32313
₴36333
₴41741
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
9 087
social contributions
-
-
-
17 703
solidarity contribution
-
-
-
-
health
-
-
-
12 217
total
-
-
-
39 007
Employee
22 294
-
69 122
-
solidarity contribution
-
-
-
-
social contributions
1 449
-
3 941
-
income
2 675
-
8 377
-
health
3 010
-
9 331
-
total
7 134
-
21 649
-
Employer
22 294
-
69 122
-
health
2 006
-
6 221
-
social contributions
5 574
-
15 157
-
total
7 580
-
21 378
-
Corporate
60 625
90 500
-
-
income
11 519
17 195
-
-
total
11 519
17 195
-
-
Dividends
49 107
73 305
-
-
withholding
7 366
10 996
-
-
total
7 366
10 996
-
-
Income
90 500
90 500
90 500
90 500
Total tax
33 599
28 191
43 027
39 007
After tax
56 901
62 309
47 473
51 493
Living cost
15 160
15 160
15 160
15 160
Free-cash
41 741
47 149
32 313
36 333

Estimated living cost  is ₴15160 per week

₴11274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴840
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34316
₴8189
₴30774
₴34066
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
25 437
surtax
-
-
-
-
unemployment
-
-
-
3 034
chamber of commerce
-
-
-
362
health
-
-
-
4 420
pensions
-
-
-
10 691
total
-
-
-
43 944
Employee
21 623
19 713
72 775
-
other
216
197
578
-
unemployment
649
591
1 734
-
pensions
2 214
2 018
5 918
-
income
1 926
1 454
20 614
-
health
836
763
2 236
-
total
5 841
5 023
31 080
-
Employer
21 623
19 713
72 775
-
chamber of commerce
86
79
291
-
health
818
745
2 184
-
pensions
2 714
2 474
7 253
-
accident
281
256
751
-
unemployment
649
591
1 734
-
surtax
-
-
-
-
payroll
649
591
2 183
-
other
1 027
936
3 329
-
total
6 224
5 672
17 725
-
Corporate
62 654
65 113
70 897
-
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.

15 664
16 278
17 724
-
total
15 664
16 278
17 724
-
Dividends
46 990
48 835
-
-
withholding
12 923
13 429
-
-
total
12 923
13 429
-
-
Income
90 500
90 500
90 500
90 500
Total tax
40 652
40 402
66 529
43 944
After tax
49 848
50 098
23 971
46 556
Living cost
15 782
15 782
15 782
15 782
Free-cash
34 066
34 316
8 189
30 774

Estimated living cost  is ₴15782 per week

₴9467
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1612
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4421
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴79662
₴66087
₴83282
₴78479
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
90 500
microenterprise

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

-
-
-
905
total
-
-
-
905
Employee
7 891
-
90 500
-
income
1 578
-
18 100
-
total
1 578
-
18 100
-
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%.

82 609
90 500
-
-
total
-
-
-
-
Dividends
82 609
90 500
-
-
withholding
4 130
4 525
-
-
total
4 130
4 525
-
-
Income
90 500
90 500
90 500
90 500
Total tax
5 708
4 525
18 100
905
After tax
84 792
85 975
72 400
89 595
Living cost
6 313
6 313
6 313
6 313
Free-cash
78 479
79 662
66 087
83 282

Estimated living cost  is ₴6313 per week

₴4272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49041
₴28364
₴30762
₴44903
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
90 500
income
-
-
-
20 901
unemployment
-
-
-
136
health
-
-
-
8 906
pensions
-
-
-
16 527
total
-
-
-
46 470
Employee

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

21 874
-
78 308
-
unemployment
31
-
110
-
pensions
3 391
-
12 138
-
income
3 772
-
19 369
-
health
1 413
-
5 058
-
total
8 607
-
36 675
-
Employer

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

21 874
-
78 308
-
health
1 457
-
5 215
-
pensions
1 936
-
6 931
-
unemployment
13
-
47
-
total
3 406
-
12 193
-
Corporate
65 220
90 500
-
-
income
12 392
17 195
-
-
total
12 392
17 195
-
-
Dividends
52 828
73 305
-
-
withholding
7 924
10 996
-
-
total
7 924
10 996
-
-
Income
90 500
90 500
90 500
90 500
Total tax
32 329
28 191
48 868
46 470
After tax
58 171
62 309
41 632
44 030
Living cost
13 268
13 268
13 268
13 268
Free-cash
44 903
49 041
28 364
30 762

Estimated living cost  is ₴13268 per week

₴9106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴850
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33665
₴62582
₴41148
₴10079
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
17 640
social contributions
-
-
-
10 317
total
-
-
-
27 957
Employee
30 677
-
-
-
social contributions
2 516
-
358
-
income
6 767
-
-
-
total
9 283
-
358
-
Employer
30 677
-
-
-
social contributions
43 255
-
6 165
-
total
43 255
-
6 165
-
Corporate
16 567
90 500
-
-
income
3 645
19 910
-
-
total
3 645
19 910
-
-
Dividends
12 923
70 590
-
-
income
2 843
15 530
-
-
total
2 843
15 530
-
-
Income
90 500
90 500
90 500
90 500
Total tax
59 026
35 440
6 523
27 957
After tax
31 474
55 060
83 977
62 543
Living cost
21 395
21 395
21 395
21 395
Free-cash
10 079
33 665
62 582
41 148

Estimated living cost  is ₴21395 per week

₴13882
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
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.
₴5228
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35961
₴25873
₴32735
₴35463
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
90 500
income
-
-
-
10 801
surtax
-
-
-
-
social contributions

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

-
-
-
31 448
total
-
-
-
42 249
Employee
22 751
-
73 132
-
surtax
-
-
-
-
social contributions
2 503
-
8 045
-
income
4 732
-
23 698
-
total
7 235
-
31 743
-
Employer
22 751
-
73 132
-
social contributions
5 403
-
17 368
-
total
5 403
-
17 368
-
Corporate
62 346
90 500
-
-
income
13 092
19 005
-
-
surtax
-
-
-
-
total
13 092
19 005
-
-
Dividends
49 253
71 495
-
-
withholding
13 791
20 018
-
-
total
13 791
20 018
-
-
Income
90 500
90 500
90 500
90 500
Total tax
39 521
39 023
49 111
42 249
After tax
50 979
51 477
41 389
48 251
Living cost
15 516
15 516
15 516
15 516
Free-cash
35 463
35 961
25 873
32 735

Estimated living cost  is ₴15516 per week

₴11609
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴915
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21720
₴25453
₴27053
₴25122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
14 423
other
-
-
-
2 806
surtax
-
-
-
-
social contributions
-
-
-
2 579
health
-
-
-
3 931
pensions
-
-
-
15 816
total
-
-
-
39 555
Employee
30 982
-
69 939
-
pensions
3 504
-
4 906
-
surtax
-
-
-
-
social contributions
882
-
1 993
-
income
2 703
-
13 695
-
total
7 089
-
20 594
-
Employer
30 982
-
69 939
-
health
2 168
-
6 522
-
pensions
5 091
-
8 251
-
unemployment
1 255
-
2 832
-
social contributions
93
-
210
-
other
1 069
-
2 746
-
total
9 676
-
20 561
-
Corporate
49 842
90 500
-
-
income
13 956
25 340
-
-
surtax
-
-
-
-
total
13 956
25 340
-
-
Dividends
35 885
65 160
-
-
surtax
-
-
-
-
social contributions
6 172
11 207
-
-
withholding
4 593
8 341
-
-
total
10 765
19 548
-
-
Income
90 500
90 500
90 500
90 500
Total tax
41 486
44 888
41 155
39 555
After tax
49 014
45 612
49 345
50 945
Living cost
23 892
23 892
23 892
23 892
Free-cash
25 122
21 720
25 453
27 053

Estimated living cost  is ₴23892 per week

₴16170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1954
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5440
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66580
₴54070
₴51665
₴64918
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
4 055
social contributions
-
-
-
19 910
total
-
-
-
23 965
Employee
15 903
-
78 355
-
income
-
-
4 322
-
social contributions
1 034
-
5 093
-
total
1 034
-
9 415
-
Employer
15 903
-
78 355
-
social contributions
2 465
-
12 145
-
total
2 465
-
12 145
-
Corporate
72 132
90 500
-
-
income
7 213
9 050
-
-
total
7 213
9 050
-
-
Dividends
64 919
81 450
-
-
total
-
-
-
-
Income
90 500
90 500
90 500
90 500
Total tax
10 712
9 050
21 560
23 965
After tax
79 788
81 450
68 940
66 535
Living cost
14 870
14 870
14 870
14 870
Free-cash
64 918
66 580
54 070
51 665

Estimated living cost  is ₴14870 per week

₴9614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17106
-₴17106
₴29386
-₴17106
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
labour market
-
-
-
7 206
municipal
-
-
-
18 956
national
-
-
-
10 738
pensions
-
-
-
428
total
-
-
-
37 328
Employee
100 393
100 393
100 393
-
municipal
21 378
21 378
21 378
-
labour market
8 020
8 020
8 020
-
pensions
143
143
143
-
national
12 265
12 265
12 265
-
total
41 806
41 806
41 806
-
Employer
100 393
100 393
100 393
-
national
12 286
12 286
12 286
-
labour market
8 031
8 031
8 031
-
pensions
285
285
285
-
municipal
21 412
21 412
21 412
-
total
42 014
42 014
42 014
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
90 500
90 500
90 500
90 500
Total tax
83 820
83 820
83 820
37 328
After tax
6 680
6 680
6 680
53 172
Living cost
23 786
23 786
23 786
23 786
Free-cash
-17 106
-17 106
-17 106
29 386

Estimated living cost  is ₴23786 per week

₴16279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2104
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴366
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5037
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3546
₴38356
₴50982
₴5662
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
accident
-
-
-
127
income
-
-
-
25 147
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 088
total
-
-
-
28 642
Employee
17 109
-
81 610
-
pensions
1 927
-
3 828
-
income
2 347
-
19 205
-
health
1 959
-
9 344
-
total
6 233
-
32 377
-
Employer
17 109
-
81 610
-
pensions
2 782
-
5 528
-
accident
286
-
1 363
-
unemployment
419
-
2 000
-
total
3 487
-
8 891
-
Corporate
69 905
90 500
-
-
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.

62 914
81 450
-
-
total
62 914
81 450
-
-
Dividends
6 990
9 050
-
-
withholding
1 328
1 720
-
-
total
1 328
1 720
-
-
Income
90 500
90 500
90 500
90 500
Total tax
73 962
83 170
41 268
28 642
After tax
16 538
7 330
49 232
61 858
Living cost
10 876
10 876
10 876
10 876
Free-cash
5 662
-3 546
38 356
50 982

Estimated living cost  is ₴10876 per week

₴7916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴620
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37508
₴28269
₴38890
₴38834
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
90 500
health
-
-
-
1 187
municipal
-
-
-
16 077
national
-
-
-
15 354
total
-
-
-
32 618
Employee
26 026
-
76 133
-
municipal
4 263
-
12 400
-
unemployment
391
-
1 142
-
pensions
1 756
-
5 139
-
national
430
-
9 226
-
health
194
-
966
-
total
7 034
-
28 873
-
Employer
26 026
-
76 133
-
health
200
-
586
-
pensions
4 515
-
13 209
-
accident
26
-
76
-
unemployment
169
-
495
-
total
4 910
-
14 366
-
Corporate
59 564
90 500
-
-
income
11 912
18 100
-
-
total
11 912
18 100
-
-
Dividends

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

35 739
54 300
-
-
municipal
6 433
9 774
-
-
national
2 385
6 126
-
-
total
8 818
15 900
-
-
Income
90 500
90 500
90 500
90 500
Total tax
32 674
34 000
43 239
32 618
After tax
57 826
56 500
47 261
57 882
Living cost
18 992
18 992
18 992
18 992
Free-cash
38 834
37 508
28 269
38 890

Estimated living cost  is ₴18992 per week

₴12405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1827
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4458
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54557
₴49448
₴50236
₴51865
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
18 500
social contributions
-
-
-
8 004
health
-
-
-
2 307
total
-
-
-
28 811
Employee
38 038
38 038
84 675
-
social contributions
1 438
3 157
4 258
-
income
4 142
3 521
18 077
-
health
295
647
1 439
-
total
5 875
7 325
23 774
-
Employer
38 038
38 038
84 675
-
health
320
704
1 567
-
social contributions
1 438
3 157
4 258
-
total
1 758
3 861
5 825
-
Corporate
71 414
48 601
-
-
income
8 926
6 075
-
-
total
8 926
6 075
-
-
Dividends
62 488
42 526
-
-
withholding
10 623
7 229
-
-
total
10 623
7 229
-
-
Income
90 500
90 500
90 500
90 500
Total tax
27 182
24 490
29 599
28 811
After tax
63 318
66 010
60 901
61 689
Living cost
11 453
11 453
11 453
11 453
Free-cash
51 865
54 557
49 448
50 236

Estimated living cost  is ₴11453 per week

₴6864
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1124
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3212
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67089
₴58537
₴68460
₴64574
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
90 500
income
-
-
-
9 235
unemployment
-
-
-
14
health
-
-
-
1 790
pensions
-
-
-
3 147
total
-
-
-
14 186
Employee

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

11 354
-
85 666
-
unemployment
56
-
235
-
pensions
1 703
-
7 040
-
income
776
-
8 009
-
health
965
-
3 990
-
total
3 500
-
19 274
-
Employer

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

11 354
-
85 666
-
health
488
-
2 018
-
pensions
624
-
2 582
-
unemployment
56
-
235
-
total
1 168
-
4 835
-
Corporate
77 977
90 500
-
-
income
7 018
8 145
-
-
total
7 018
8 145
-
-
Dividends
70 959
82 355
-
-
withholding
6 386
7 412
-
-
total
6 386
7 412
-
-
Income
90 500
90 500
90 500
90 500
Total tax
18 072
15 557
24 109
14 186
After tax
72 428
74 943
66 391
76 314
Living cost
7 854
7 854
7 854
7 854
Free-cash
64 574
67 089
58 537
68 460

Estimated living cost  is ₴7854 per week

₴5011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴566
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2043
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46680
₴35072
₴37148
₴44497
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
accident
-
-
-
413
income
-
-
-
25 994
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 975
total
-
-
-
39 749
Employee
18 291
-
75 883
-
other
18
-
46
-
unemployment
283
-
711
-
pensions
860
-
2 155
-
income
3 526
-
24 296
-
total
4 687
-
27 208
-
Employer
18 291
-
75 883
-
pensions
4 316
-
10 821
-
accident
362
-
908
-
unemployment
1 006
-
2 521
-
other
146
-
367
-
total
5 830
-
14 617
-
Corporate
66 378
90 500
-
-
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.

9 957
13 575
-
-
total
9 957
13 575
-
-
Dividends
56 421
76 925
-
-
withholding
11 926
16 642
-
-
total
11 926
16 642
-
-
Income
90 500
90 500
90 500
90 500
Total tax
32 400
30 217
41 825
39 749
After tax
58 100
60 283
48 675
50 751
Living cost
13 603
13 603
13 603
13 603
Free-cash
44 497
46 680
35 072
37 148

Estimated living cost  is ₴13603 per week

₴9182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1308
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55511
₴57231
₴57300
₴55354
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
31 030
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
32 239
Employee
1 464
-
89 711
-
unemployment
15
-
35
-
pensions
132
-
316
-
income
283
-
30 993
-
health
73
-
175
-
total
503
-
31 519
-
Employer
1 464
-
89 711
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
88 706
90 500
-
-
income
19 515
19 910
-
-
total
19 515
19 910
-
-
Dividends
69 191
70 590
-
-
withholding
13 838
14 118
-
-
total
13 838
14 118
-
-
Income
90 500
90 500
90 500
90 500
Total tax
34 185
34 028
32 308
32 239
After tax
56 315
56 472
58 192
58 261
Living cost
961
961
961
961
Free-cash
55 354
55 511
57 231
57 300

Estimated living cost  is ₴961 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56835
₴47576
₴47576
₴54403
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
90 500
income
-
-
-
20 560
unemployment
-
-
-
548
health
-
-
-
3 764
pensions
-
-
-
9 501
total
-
-
-
34 373
Employee

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

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

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

12 894
-
83 959
-
unemployment
97
-
274
-
pensions
1 805
-
5 116
-
income
1 777
-
20 560
-
health
664
-
1 882
-
total
4 343
-
27 832
-
Employer

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

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

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

12 894
-
83 959
-
health
664
-
1 882
-
pensions
1 547
-
4 385
-
unemployment
97
-
274
-
total
2 308
-
6 541
-
Corporate
75 298
90 500
-
-
income
11 295
13 575
-
-
total
11 295
13 575
-
-
Dividends
64 003
76 925
-
-
withholding
9 600
11 539
-
-
total
9 600
11 539
-
-
Income
90 500
90 500
90 500
90 500
Total tax
27 546
25 114
34 373
34 373
After tax
62 954
65 386
56 127
56 127
Living cost
8 551
8 551
8 551
8 551
Free-cash
54 403
56 835
47 576
47 576

Estimated living cost  is ₴8551 per week

₴5757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴661
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴38141
₴28053
₴34915
₴37963
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
90 500
income
-
-
-
10 801
surtax
-
-
-
-
social contributions

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

-
-
-
31 448
total
-
-
-
42 249
Employee
19 199
-
73 132
-
surtax
-
-
-
-
social contributions
2 112
-
8 045
-
income
3 751
-
23 698
-
total
5 863
-
31 743
-
Employer
19 199
-
73 132
-
social contributions
4 559
-
17 368
-
total
4 559
-
17 368
-
Corporate
66 741
90 500
-
-
income
14 016
19 005
-
-
surtax
-
-
-
-
total
14 016
19 005
-
-
Dividends
52 725
71 495
-
-
withholding
14 763
20 018
-
-
total
14 763
20 018
-
-
Income
90 500
90 500
90 500
90 500
Total tax
39 201
39 023
49 111
42 249
After tax
51 299
51 477
41 389
48 251
Living cost
13 336
13 336
13 336
13 336
Free-cash
37 963
38 141
28 053
34 915

Estimated living cost  is ₴13336 per week

₴9445
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴927
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2728
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42898
₴31290
₴33366
₴39661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
accident
-
-
-
413
income
-
-
-
25 994
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 975
total
-
-
-
39 749
Employee
23 890
-
75 883
-
other
23
-
46
-
unemployment
370
-
711
-
pensions
1 123
-
2 155
-
income
4 990
-
24 296
-
total
6 506
-
27 208
-
Employer
23 890
-
75 883
-
pensions
5 638
-
10 821
-
accident
473
-
908
-
unemployment
1 314
-
2 521
-
other
192
-
367
-
total
7 617
-
14 617
-
Corporate
58 993
90 500
-
-
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.

8 849
13 575
-
-
total
8 849
13 575
-
-
Dividends
50 144
76 925
-
-
withholding
10 482
16 642
-
-
total
10 482
16 642
-
-
Income
90 500
90 500
90 500
90 500
Total tax
33 454
30 217
41 825
39 749
After tax
57 046
60 283
48 675
50 751
Living cost
17 385
17 385
17 385
17 385
Free-cash
39 661
42 898
31 290
33 366

Estimated living cost  is ₴17385 per week

₴12485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1352
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3303
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68873
₴67397
₴63810
₴65860
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
13 575
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 556
total
-
-
-
18 186
Employee
11 260
-
87 112
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

989
-
1 516
-
income
1 126
-
8 711
-
health
518
-
794
-
total
2 757
-
11 211
-
Employer
11 260
-
87 112
-
health
777
-
1 191
-
pensions

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

1 241
-
1 903
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 210
-
3 388
-
Corporate
77 031
90 500
-
-
income
7 703
9 050
-
-
total
7 703
9 050
-
-
Dividends
69 328
81 450
-
-
withholding
3 466
4 073
-
-
total
3 466
4 073
-
-
Income
90 500
90 500
90 500
90 500
Total tax
16 136
13 123
14 599
18 186
After tax
74 364
77 377
75 901
72 314
Living cost
8 504
8 504
8 504
8 504
Free-cash
65 860
68 873
67 397
63 810

Estimated living cost  is ₴8504 per week

₴5624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27474
₴38116
₴28429
₴33943
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
90 500
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.

-
-
-
28 348
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.

-
-
-
1 559
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.

-
-
-
3 379
trade
-
-
-
9 687
total
-
-
-
42 973
Employee

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

24 613
-
90 500
-
surtax

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

112
-
1 559
-
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.

2 024
-
28 348
-
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.

3 379
-
3 379
-
total
5 515
-
33 286
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 887
90 500
-
-
income
9 883
13 575
-
-
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.

544
746
-
-
chamber of commerce
172
207
-
-
trade
9 455
12 986
-
-
total
20 054
27 514
-
-
Dividends
45 834
62 985
-
-
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.

620
856
-
-
withholding
11 270
15 558
-
-
total
11 890
16 414
-
-
Income
90 500
90 500
90 500
90 500
Total tax
37 459
43 928
33 286
42 973
After tax
53 041
46 572
57 214
47 527
Living cost
19 098
19 098
19 098
19 098
Free-cash
33 943
27 474
38 116
28 429

Estimated living cost  is ₴19098 per week

₴13174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2055
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3592
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35171
₴19120
₴19120
₴36264
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
28 024
social contributions
-
-
-
15 177
total
-
-
-
43 201
Employee
38 694
-
90 500
-
income
7 301
-
28 024
-
social contributions
3 215
-
15 177
-
total
10 516
-
43 201
-
Employer
38 694
-
90 500
-
total
-
-
-
-
Corporate
51 806
90 500
-
-
income
6 475
11 313
-
-
total
6 475
11 313
-
-
Dividends
45 330
79 187
-
-
withholding
9 066
15 837
-
-
total
9 066
15 837
-
-
Income
90 500
90 500
90 500
90 500
Total tax
26 057
27 150
43 201
43 201
After tax
64 443
63 350
47 299
47 299
Living cost
28 179
28 179
28 179
28 179
Free-cash
36 264
35 171
19 120
19 120

Estimated living cost  is ₴28179 per week

₴21438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2296
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38255
₴46185
₴55434
₴39983
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
90 500
income
-
-
-
14 081
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
-
-
-
17 109
Employee
22 692
-
88 225
-
income
2 462
-
21 808
-
social contributions
2 274
-
2 275
-
total
4 736
-
24 083
-
Employer
22 692
-
88 225
-
social contributions
2 274
-
2 275
-
total
2 274
-
2 275
-
Corporate
65 534
90 500
-
-
income
22 937
31 675
-
-
total
22 937
31 675
-
-
Dividends
42 597
58 825
-
-
social contributions
2 613
2 613
-
-
total
2 613
2 613
-
-
Income
90 500
90 500
90 500
90 500
Total tax
32 560
34 288
26 358
17 109
After tax
57 940
56 212
64 142
73 391
Living cost
17 957
17 957
17 957
17 957
Free-cash
39 983
38 255
46 185
55 434

Estimated living cost  is ₴17957 per week

₴11828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1416
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4437
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40608
₴33356
₴41525
₴43504
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
income
-
-
-
26 330
pensions
-
-
-
4 486
total
-
-
-
30 816
Employee
24 925
-
79 017
-
pensions
1 902
-
5 486
-
income
4 539
-
20 886
-
health
325
-
1 129
-
total
6 766
-
27 501
-
Employer
24 925
-
79 017
-
health
474
-
1 501
-
pensions
2 518
-
9 983
-
total
2 992
-
11 484
-
Corporate
62 583
90 500
-
-
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.

11 890
17 195
-
-
total
11 890
17 195
-
-
Dividends
50 692
73 305
-
-
withholding
7 189
14 538
-
-
total
7 189
14 538
-
-
Income
90 500
90 500
90 500
90 500
Total tax
28 837
31 733
38 985
30 816
After tax
61 663
58 767
51 515
59 684
Living cost
18 159
18 159
18 159
18 159
Free-cash
43 504
40 608
33 356
41 525

Estimated living cost  is ₴18159 per week

₴12457
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3804
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4623
₴37279
₴49905
₴5496
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
accident
-
-
-
127
income
-
-
-
25 147
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 088
total
-
-
-
28 642
Employee
18 802
-
81 610
-
pensions
2 117
-
3 828
-
income
2 579
-
19 205
-
health
2 153
-
9 344
-
total
6 849
-
32 377
-
Employer
18 802
-
81 610
-
pensions
3 057
-
5 528
-
accident
314
-
1 363
-
unemployment
461
-
2 000
-
total
3 832
-
8 891
-
Corporate
67 866
90 500
-
-
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.

61 080
81 450
-
-
total
61 080
81 450
-
-
Dividends
6 787
9 050
-
-
withholding
1 290
1 720
-
-
total
1 290
1 720
-
-
Income
90 500
90 500
90 500
90 500
Total tax
73 051
83 170
41 268
28 642
After tax
17 449
7 330
49 232
61 858
Living cost
11 953
11 953
11 953
11 953
Free-cash
5 496
-4 623
37 279
49 905

Estimated living cost  is ₴11953 per week

₴8772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69486
₴57998
₴47138
₴67176
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
90 500
income
-
-
-
14 974
unemployment
-
-
-
948
work injury
-
-
-
395
health insurance
-
-
-
5 844
pensions
-
-
-
14 531
total
-
-
-
36 692
Employee

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

10 672
-
90 500
-
health insurance
790
-
2 922
-
unemployment
128
-
474
-
work injury
53
-
197
-
pensions
1 964
-
7 265
-
income
1 067
-
14 974
-
total
4 002
-
25 832
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
79 828
90 500
-
-
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%.

798
905
-
-
total
798
905
-
-
Dividends
79 030
89 595
-
-
withholding
11 854
13 439
-
-
total
11 854
13 439
-
-
Income
90 500
90 500
90 500
90 500
Total tax
16 654
14 344
25 832
36 692
After tax
73 846
76 156
64 668
53 808
Living cost
6 670
6 670
6 670
6 670
Free-cash
67 176
69 486
57 998
47 138

Estimated living cost  is ₴6670 per week

₴4132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27963
₴18306
₴22276
₴25713
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
90 500
social contributions
-
-
-
23 277
regional
-
-
-
2 077
municipal
-
-
-
605
national
-
-
-
22 559
total
-
-
-
48 518
Employee
41 684
-
90 500
-
municipal
249
-
540
-
national
7 044
-
19 590
-
regional
629
-
1 842
-
social contributions
14 056
-
30 516
-
total
21 978
-
52 488
-
Employer
41 684
-
90 500
-
total
-
-
-
-
Corporate
48 816
90 500
-
-
municipal
2 353
4 362
-
-
nationa
11 716
21 720
-
-
total
14 069
26 082
-
-
Dividends
34 746
64 417
-
-
withholding
9 034
16 749
-
-
total
9 034
16 749
-
-
Income
90 500
90 500
90 500
90 500
Total tax
45 081
42 831
52 488
48 518
After tax
45 419
47 669
38 012
41 982
Living cost
19 706
19 706
19 706
19 706
Free-cash
25 713
27 963
18 306
22 276

Estimated living cost  is ₴19706 per week

₴13842
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1356
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4210
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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