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
₴30766
₴42291
₴31633
₴36196
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
28 419
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.

-
-
-
1 564
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.

-
-
-
3 354
trade
-
-
-
10 658
total
-
-
-
43 995
Employee

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

18 780
-
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
-
1 564
-
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.

525
-
28 419
-
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.

3 354
-
3 354
-
total
3 908
-
33 337
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 720
90 500
-
-
income
10 758
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.

592
746
-
-
chamber of commerce
178
205
-
-
trade
11 296
14 254
-
-
total
22 824
28 780
-
-
Dividends
48 896
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.

662
839
-
-
withholding
12 038
15 243
-
-
total
12 700
16 082
-
-
Income
90 500
90 500
90 500
90 500
Total tax
39 432
44 862
33 337
43 995
After tax
51 068
45 638
57 163
46 505
Living cost
14 872
14 872
14 872
14 872
Free-cash
36 196
30 766
42 291
31 633

Estimated living cost  is ₴14872 per week

₴9355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30468
₴27841
₴27355
₴30036
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 915
national
-
-
-
15 393
pensions
-
-
-
10 860
total
-
-
-
37 141
Employee
40 311
-
78 236
-
municipal
4 979
-
10 266
-
pensions
1 612
-
3 129
-
national
7 716
-
16 160
-
total
14 307
-
29 555
-
Employer
40 311
-
78 236
-
pensions
3 225
-
6 259
-
social contributions
433
-
841
-
total
3 658
-
7 100
-
Corporate
43 870
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%.

8 774
18 100
-
-
total
8 774
18 100
-
-
Dividends
35 096
72 400
-
-
withholding
7 721
15 928
-
-
total
7 721
15 928
-
-
Income
90 500
90 500
90 500
90 500
Total tax
34 460
34 028
36 655
37 141
After tax
56 040
56 472
53 845
53 359
Living cost
26 004
26 004
26 004
26 004
Free-cash
30 036
30 468
27 841
27 355

Estimated living cost  is ₴26004 per week

₴17675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴389
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5523
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴62185
₴28082
₴21358
₴58157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 036
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.

-
-
-
18 813
microenterprise
-
-
-
-
total
-
-
-
58 927
Employee
14 348
-
68 831
-
surtax
-
-
9 980
-
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.

1 578
-
6 437
-
income
2 554
-
14 117
-
total
4 132
-
30 534
-
Employer
14 348
-
68 831
-
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.

3 456
-
14 097
-
surtax
-
-
7 572
-
total
3 456
-
21 669
-
Corporate
72 696
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%.

14 540
18 100
-
-
total
14 540
18 100
-
-
Dividends

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

58 157
72 400
-
-
total
-
-
-
-
Income
90 500
90 500
90 500
90 500
Total tax
22 128
18 100
52 203
58 927
After tax
68 372
72 400
38 297
31 573
Living cost
10 215
10 215
10 215
10 215
Free-cash
58 157
62 185
28 082
21 358

Estimated living cost  is ₴10215 per week

₴6517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24298
₴36408
₴29115
₴21290
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 008
health
-
-
-
6 055
pensions
-
-
-
5 753
total
-
-
-
40 816
Employee
41 930
41 930
81 375
-
pensions
7 547
5 753
5 753
-
income

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

6 863
6 863
12 590
-
health
6 436
5 474
6 055
-
total
20 846
18 090
24 398
-
Employer
41 930
41 930
81 375
-
health
2 915
2 915
3 622
-
pensions
2 918
2 918
3 627
-
unemployment
1 509
1 509
1 876
-
total
7 342
7 342
9 125
-
Corporate
41 742
41 227
-
-
income
8 348
8 245
-
-
total
8 348
8 245
-
-
Dividends
33 394
32 982
-
-
income
7 096
7 009
-
-
withholding
5 009
4 947
-
-
total
12 105
11 956
-
-
Income
90 500
90 500
90 500
90 500
Total tax
48 641
45 633
33 523
40 816
After tax
41 859
44 867
56 977
49 684
Living cost
20 569
20 569
20 569
20 569
Free-cash
21 290
24 298
36 408
29 115

Estimated living cost  is ₴20569 per week

₴14577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1854
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3811
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29157
₴25657
₴26149
₴28702
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 158
unemployment
-
-
-
44
health
-
-
-
2 770
municipal
-
-
-
23 152
national
-
-
-
8 083
pensions
-
-
-
4 799
total
-
-
-
44 095
Employee
28 862
-
76 552
-
municipal
8 607
-
22 828
-
national
-
-
7 811
-
total
8 607
-
30 639
-
Employer
28 862
-
76 552
-
health
1 775
-
2 730
-
pensions
3 120
-
4 799
-
accident
58
-
89
-
unemployment
762
-
1 172
-
other
3 354
-
5 158
-
total
9 069
-
13 948
-
Corporate
52 569
90 500
-
-
income
11 565
19 910
-
-
total
11 565
19 910
-
-
Dividends
41 004
70 590
-
-
withholding
12 301
21 177
-
-
total
12 301
21 177
-
-
Income
90 500
90 500
90 500
90 500
Total tax
41 542
41 087
44 587
44 095
After tax
48 958
49 413
45 913
46 405
Living cost
20 256
20 256
20 256
20 256
Free-cash
28 702
29 157
25 657
26 149

Estimated living cost  is ₴20256 per week

₴13425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4536
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25885
₴37874
₴26742
₴32784
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
28 419
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.

-
-
-
1 564
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.

-
-
-
3 354
trade
-
-
-
11 132
total
-
-
-
44 469
Employee

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

24 900
-
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.

117
-
1 564
-
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.

2 139
-
28 419
-
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.

3 354
-
3 354
-
total
5 610
-
33 337
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 600
90 500
-
-
income
9 840
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.

541
746
-
-
chamber of commerce
168
203
-
-
trade
10 791
14 887
-
-
total
21 340
29 411
-
-
Dividends
44 260
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.

598
829
-
-
withholding
10 879
15 086
-
-
total
11 477
15 915
-
-
Income
90 500
90 500
90 500
90 500
Total tax
38 427
45 326
33 337
44 469
After tax
52 073
45 174
57 163
46 031
Living cost
19 289
19 289
19 289
19 289
Free-cash
32 784
25 885
37 874
26 742

Estimated living cost  is ₴19289 per week

₴12901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2034
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.
₴4066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50082
₴44944
₴45730
₴48043
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 592
social contributions
-
-
-
7 944
health
-
-
-
2 308
total
-
-
-
28 844
Employee
37 756
37 756
84 706
-
social contributions
1 835
3 134
4 227
-
income
3 965
3 495
18 169
-
health
376
642
1 440
-
total
6 176
7 271
23 836
-
Employer
37 756
37 756
84 706
-
health
409
699
1 567
-
social contributions
1 835
3 134
4 227
-
total
2 244
3 833
5 794
-
Corporate
66 155
48 911
-
-
income
8 270
6 113
-
-
total
8 270
6 113
-
-
Dividends
57 886
42 798
-
-
withholding
9 841
7 275
-
-
total
9 841
7 275
-
-
Income
90 500
90 500
90 500
90 500
Total tax
26 531
24 492
29 630
28 844
After tax
63 969
66 008
60 870
61 656
Living cost
15 926
15 926
15 926
15 926
Free-cash
48 043
50 082
44 944
45 730

Estimated living cost  is ₴15926 per week

₴10887
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1244
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3528
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41816
₴43449
₴53679
₴42005
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

13 014
5 179
75 732
-
unemployment
195
78
1 136
-
pensions
1 301
518
7 573
-
income
1 591
633
9 258
-
health
911
363
5 301
-
total
3 998
1 592
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.

13 014
5 179
75 732
-
pensions
2 538
1 010
14 768
-
total
2 538
1 010
14 768
-
Corporate
74 949
84 311
-
-
income
6 745
7 588
-
-
total
6 745
7 588
-
-
Dividends
68 203
76 723
-
-
social contributions
13 240
14 902
-
-
withholding
12 959
14 577
-
-
total
26 199
29 479
-
-
Income
90 500
90 500
90 500
90 500
Total tax
39 480
39 669
38 036
27 806
After tax
51 020
50 831
52 464
62 694
Living cost
9 015
9 015
9 015
9 015
Free-cash
42 005
41 816
43 449
53 679

Estimated living cost  is ₴9015 per week

₴6152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1945
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60540
₴40303
₴36648
₴57489
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
13 929
-
67 638
-
unemployment
223
-
1 082
-
pensions
279
-
1 353
-
income
1 568
-
13 040
-
total
2 070
-
15 475
-
Employer
13 929
-
67 638
-
health
1 810
-
8 793
-
pensions
2 786
-
13 528
-
unemployment
112
-
541
-
total
4 708
-
22 862
-
Corporate
71 862
90 500
-
-
income
14 373
18 100
-
-
total
14 373
18 100
-
-
Dividends
57 490
72 400
-
-
total
-
-
-
-
Income
90 500
90 500
90 500
90 500
Total tax
21 151
18 100
38 337
41 992
After tax
69 349
72 400
52 163
48 508
Living cost
11 860
11 860
11 860
11 860
Free-cash
57 489
60 540
40 303
36 648

Estimated living cost  is ₴11860 per week

₴8134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴706
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2780
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3618
₴38310
₴50908
₴5652
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
126
income
-
-
-
25 178
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
28 644
Employee
17 222
-
81 653
-
pensions
1 939
-
3 797
-
income
2 363
-
19 249
-
health
1 972
-
9 349
-
total
6 274
-
32 395
-
Employer
17 222
-
81 653
-
pensions
2 800
-
5 483
-
accident
288
-
1 364
-
unemployment
422
-
2 000
-
total
3 510
-
8 847
-
Corporate
69 768
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.

62 791
81 450
-
-
total
62 791
81 450
-
-
Dividends
6 977
9 050
-
-
withholding
1 325
1 720
-
-
total
1 325
1 720
-
-
Income
90 500
90 500
90 500
90 500
Total tax
73 900
83 170
41 242
28 644
After tax
16 600
7 330
49 258
61 856
Living cost
10 948
10 948
10 948
10 948
Free-cash
5 652
-3 618
38 310
50 908

Estimated living cost  is ₴10948 per week

₴8024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴607
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴81955
₴68380
₴85575
₴81201
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 025
-
90 500
-
income
1 005
-
18 100
-
total
1 005
-
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%.

85 475
90 500
-
-
total
-
-
-
-
Dividends
85 475
90 500
-
-
withholding
4 274
4 525
-
-
total
4 274
4 525
-
-
Income
90 500
90 500
90 500
90 500
Total tax
5 279
4 525
18 100
905
After tax
85 221
85 975
72 400
89 595
Living cost
4 020
4 020
4 020
4 020
Free-cash
81 201
81 955
68 380
85 575

Estimated living cost  is ₴4020 per week

₴2491
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53407
₴38111
₴38306
₴50090
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 360
other
-
-
-
3 546
health
-
-
-
3 285
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.

-
-
-
17 920
total
-
-
-
39 111
Employee
17 828
-
72 284
-
unemployment
178
-
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.

1 248
-
5 060
-
income
3 069
-
14 295
-
health
250
-
1 012
-
total
4 745
-
21 090
-
Employer
17 828
-
72 284
-
health
250
-
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.

3 031
-
12 288
-
accident
143
-
579
-
unemployment
178
-
723
-
other
892
-
3 614
-
total
4 494
-
18 216
-
Corporate
68 179
90 500
-
-
income
14 318
19 005
-
-
total
14 318
19 005
-
-
Dividends
53 861
71 495
-
-
withholding
3 770
5 005
-
-
total
3 770
5 005
-
-
Income
90 500
90 500
90 500
90 500
Total tax
27 327
24 010
39 306
39 111
After tax
63 173
66 490
51 194
51 389
Living cost
13 083
13 083
13 083
13 083
Free-cash
50 090
53 407
38 111
38 306

Estimated living cost  is ₴13083 per week

₴9244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴883
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴26054
₴18800
₴26968
₴28368
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 324
pensions
-
-
-
4 488
total
-
-
-
30 812
Employee
46 294
-
79 017
-
pensions
4 466
-
5 489
-
income
8 345
-
20 879
-
health
763
-
1 129
-
total
13 574
-
27 497
-
Employer
46 294
-
79 017
-
health
879
-
1 501
-
pensions
5 466
-
9 982
-
total
6 345
-
11 483
-
Corporate
37 861
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.

7 193
17 195
-
-
total
7 193
17 195
-
-
Dividends
30 668
73 305
-
-
withholding
2 300
14 531
-
-
total
2 300
14 531
-
-
Income
90 500
90 500
90 500
90 500
Total tax
29 412
31 726
38 980
30 812
After tax
61 088
58 774
51 520
59 688
Living cost
32 720
32 720
32 720
32 720
Free-cash
28 368
26 054
18 800
26 968

Estimated living cost  is ₴32720 per week

₴24518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3844
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.
₴4092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴70940
₴69498
₴65906
₴68658
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 973
pensions

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

-
-
-
2 539
total
-
-
-
18 156
Employee
8 525
-
87 135
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

749
-
1 506
-
income
852
-
8 714
-
health
392
-
789
-
total
2 087
-
11 198
-
Employer
8 525
-
87 135
-
health
588
-
1 184
-
pensions

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

940
-
1 890
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
unemployment
51
-
103
-
total
1 673
-
3 366
-
Corporate
80 302
90 500
-
-
income
8 030
9 050
-
-
total
8 030
9 050
-
-
Dividends
72 271
81 450
-
-
withholding
3 614
4 072
-
-
total
3 614
4 072
-
-
Income
90 500
90 500
90 500
90 500
Total tax
15 404
13 122
14 564
18 156
After tax
75 096
77 378
75 936
72 344
Living cost
6 438
6 438
6 438
6 438
Free-cash
68 658
70 940
69 498
65 906

Estimated living cost  is ₴6438 per week

₴3759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴460
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17640
₴29750
₴22457
₴18875
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 008
health
-
-
-
6 055
pensions
-
-
-
5 753
total
-
-
-
40 816
Employee
45 523
41 930
81 375
-
pensions
5 753
5 753
5 753
-
income

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

6 863
6 863
12 590
-
health
5 679
5 474
6 055
-
total
18 295
18 090
24 398
-
Employer
45 523
41 930
81 375
-
health
3 163
2 915
3 622
-
pensions
3 168
2 918
3 627
-
unemployment
1 639
1 509
1 876
-
total
7 970
7 342
9 125
-
Corporate
37 007
41 227
-
-
income
7 401
8 245
-
-
total
7 401
8 245
-
-
Dividends
29 605
32 982
-
-
income
6 291
7 009
-
-
withholding
4 441
4 947
-
-
total
10 732
11 956
-
-
Income
90 500
90 500
90 500
90 500
Total tax
44 398
45 633
33 523
40 816
After tax
46 102
44 867
56 977
49 684
Living cost
27 227
27 227
27 227
27 227
Free-cash
18 875
17 640
29 750
22 457

Estimated living cost  is ₴27227 per week

₴20085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4399
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50108
₴35385
₴39373
₴45755
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 109
social contributions
-
-
-
17 557
solidarity contribution
-
-
-
42
health
-
-
-
12 218
total
-
-
-
38 926
Employee
17 942
-
69 237
-
solidarity contribution
-
-
-
-
social contributions
1 166
-
3 908
-
income
2 153
-
8 397
-
health
2 422
-
9 347
-
total
5 741
-
21 652
-
Employer
17 942
-
69 237
-
health
1 615
-
6 231
-
social contributions
4 486
-
15 031
-
total
6 101
-
21 262
-
Corporate
66 457
90 500
-
-
income
12 627
17 195
-
-
total
12 627
17 195
-
-
Dividends
53 830
73 305
-
-
withholding
8 075
10 996
-
-
total
8 075
10 996
-
-
Income
90 500
90 500
90 500
90 500
Total tax
32 544
28 191
42 914
38 926
After tax
57 956
62 309
47 586
51 574
Living cost
12 201
12 201
12 201
12 201
Free-cash
45 755
50 108
35 385
39 373

Estimated living cost  is ₴12201 per week

₴8475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2618
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27566
₴18210
₴22298
₴25003
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 073
municipal
-
-
-
538
national
-
-
-
22 595
total
-
-
-
47 483
Employee
43 638
-
90 500
-
municipal
231
-
480
-
national
7 561
-
19 627
-
regional
412
-
947
-
social contributions
14 715
-
30 517
-
total
22 919
-
51 571
-
Employer
43 638
-
90 500
-
total
-
-
-
-
Corporate
46 862
90 500
-
-
municipal
1 827
3 530
-
-
nationa
11 247
21 720
-
-
total
13 074
25 250
-
-
Dividends
33 788
65 250
-
-
withholding
8 785
16 965
-
-
total
8 785
16 965
-
-
Income
90 500
90 500
90 500
90 500
Total tax
44 778
42 215
51 571
47 483
After tax
45 722
48 285
38 929
43 017
Living cost
20 719
20 719
20 719
20 719
Free-cash
25 003
27 566
18 210
22 298

Estimated living cost  is ₴20719 per week

₴14443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1359
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4599
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46089
₴28936
₴31939
₴44561
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 788
other
-
-
-
-
surtax
-
-
-
4 068
unemployment
-
-
-
112
health
-
-
-
4 652
pensions
-
-
-
13 106
total
-
-
-
47 726
Employee
16 237
-
76 706
-
other
-
-
-
-
unemployment
1 130
-
4 561
-
pensions
1 083
-
4 371
-
surtax
53
-
3 481
-
income
2 722
-
22 851
-
health
415
-
1 671
-
total
5 403
-
36 935
-
Employer
16 237
-
76 706
-
health
739
-
2 982
-
pensions
2 165
-
8 735
-
unemployment
514
-
2 077
-
other
-
-
-
-
total
3 418
-
13 794
-
Corporate
70 845
90 500
-
-
income
18 420
23 530
-
-
total
18 420
23 530
-
-
Dividends
52 425
66 970
-
-
withholding
7 863
10 046
-
-
total
7 863
10 046
-
-
Income
90 500
90 500
90 500
90 500
Total tax
35 104
33 576
50 729
47 726
After tax
55 396
56 924
39 771
42 774
Living cost
10 835
10 835
10 835
10 835
Free-cash
44 561
46 089
28 936
31 939

Estimated living cost  is ₴10835 per week

₴6625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36421
₴29167
₴37335
₴39654
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 324
pensions
-
-
-
4 488
total
-
-
-
30 812
Employee
31 025
-
79 017
-
pensions
2 633
-
5 489
-
income
5 588
-
20 879
-
health
450
-
1 129
-
total
8 671
-
27 497
-
Employer
31 025
-
79 017
-
health
589
-
1 501
-
pensions
3 358
-
9 982
-
total
3 947
-
11 483
-
Corporate
55 527
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.

10 551
17 195
-
-
total
10 551
17 195
-
-
Dividends
44 977
73 305
-
-
withholding
5 324
14 531
-
-
total
5 324
14 531
-
-
Income
90 500
90 500
90 500
90 500
Total tax
28 493
31 726
38 980
30 812
After tax
62 007
58 774
51 520
59 688
Living cost
22 353
22 353
22 353
22 353
Free-cash
39 654
36 421
29 167
37 335

Estimated living cost  is ₴22353 per week

₴16747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1675
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.
₴3697
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2572
₴30198
₴34299
₴19178
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 520
health
-
-
-
203
city
-
-
-
954
national
-
-
-
1 577
pensions
-
-
-
8 326
total
-
-
-
17 390
Employee
45 419
-
81 002
-
unemployment
-
-
-
-
pensions
3 816
-
6 804
-
national
215
-
1 143
-
regional
1 487
-
3 886
-
city
487
-
870
-
health
103
-
182
-
total
6 108
-
12 885
-
Employer
45 419
-
81 002
-
health
103
-
182
-
pensions
3 816
-
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.

908
-
1 620
-
total
4 827
-
8 606
-
Corporate
39 755
90 500
-
-
regional
8 408
19 141
-
-
national
3 379
7 692
-
-
total
11 787
26 833
-
-
Dividends
27 968
63 667
-
-
withholding
9 789
22 284
-
-
total
9 789
22 284
-
-
Income
90 500
90 500
90 500
90 500
Total tax
32 511
49 117
21 491
17 390
After tax
57 989
41 383
69 009
73 110
Living cost
38 811
38 811
38 811
38 811
Free-cash
19 178
2 572
30 198
34 299

Estimated living cost  is ₴38811 per week

₴25238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴22215
₴34670
₴23065
₴30178
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
28 419
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.

-
-
-
1 564
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.

-
-
-
3 354
trade
-
-
-
11 605
total
-
-
-
44 942
Employee

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

29 509
-
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.

191
-
1 564
-
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.

3 470
-
28 419
-
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.

3 354
-
3 354
-
total
7 015
-
33 337
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 991
90 500
-
-
income
9 148
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.

503
746
-
-
chamber of commerce
160
202
-
-
trade
10 460
15 521
-
-
total
20 271
30 044
-
-
Dividends
40 719
60 456
-
-
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.

550
821
-
-
withholding
9 993
14 927
-
-
total
10 543
15 748
-
-
Income
90 500
90 500
90 500
90 500
Total tax
37 829
45 792
33 337
44 942
After tax
52 671
44 708
57 163
45 558
Living cost
22 493
22 493
22 493
22 493
Free-cash
30 178
22 215
34 670
23 065

Estimated living cost  is ₴22493 per week

₴16428
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1799
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28813
₴32474
₴34134
₴31714
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 474
other
-
-
-
2 806
surtax
-
-
-
-
social contributions
-
-
-
2 578
health
-
-
-
3 953
pensions
-
-
-
15 756
total
-
-
-
39 567
Employee
21 015
-
69 904
-
pensions
2 376
-
4 919
-
surtax
-
-
-
-
social contributions
599
-
1 992
-
income
1 240
-
13 719
-
total
4 215
-
20 630
-
Employer
21 015
-
69 904
-
health
1 471
-
6 536
-
pensions
3 452
-
8 269
-
unemployment
851
-
2 831
-
social contributions
63
-
210
-
other
725
-
2 751
-
total
6 562
-
20 597
-
Corporate
62 923
90 500
-
-
income
17 618
25 340
-
-
surtax
-
-
-
-
total
17 618
25 340
-
-
Dividends
45 305
65 160
-
-
surtax
-
-
-
-
social contributions
7 793
11 208
-
-
withholding
5 799
8 340
-
-
total
13 592
19 548
-
-
Income
90 500
90 500
90 500
90 500
Total tax
41 987
44 888
41 227
39 567
After tax
48 513
45 612
49 273
50 933
Living cost
16 799
16 799
16 799
16 799
Free-cash
31 714
28 813
32 474
34 134

Estimated living cost  is ₴16799 per week

₴10593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30477
₴34138
₴35798
₴33204
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 474
other
-
-
-
2 806
surtax
-
-
-
-
social contributions
-
-
-
2 578
health
-
-
-
3 953
pensions
-
-
-
15 756
total
-
-
-
39 567
Employee
18 758
-
69 904
-
pensions
2 122
-
4 919
-
surtax
-
-
-
-
social contributions
535
-
1 992
-
income
967
-
13 719
-
total
3 624
-
20 630
-
Employer
18 758
-
69 904
-
health
1 313
-
6 536
-
pensions
3 082
-
8 269
-
unemployment
759
-
2 831
-
social contributions
56
-
210
-
other
648
-
2 751
-
total
5 858
-
20 597
-
Corporate
65 883
90 500
-
-
income
18 447
25 340
-
-
surtax
-
-
-
-
total
18 447
25 340
-
-
Dividends
47 436
65 160
-
-
surtax
-
-
-
-
social contributions
8 160
11 208
-
-
withholding
6 072
8 340
-
-
total
14 232
19 548
-
-
Income
90 500
90 500
90 500
90 500
Total tax
42 161
44 888
41 227
39 567
After tax
48 339
45 612
49 273
50 933
Living cost
15 135
15 135
15 135
15 135
Free-cash
33 204
30 477
34 138
35 798

Estimated living cost  is ₴15135 per week

₴8777
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1537
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44802
₴45723
₴47707
₴45055
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
16 648
-
90 500
-
social contributions
2 298
-
12 489
-
income
2 777
-
15 559
-
health
1 162
-
6 317
-
total
6 237
-
34 365
-
Employer
16 648
-
90 500
-
total
-
-
-
-
Corporate
73 852
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%.

3 693
4 525
-
-
total
3 693
4 525
-
-
Dividends
70 159
85 975
-
-
social contributions
9 682
11 864
-
-
withholding
10 524
12 896
-
-
health
4 897
6 001
-
-
total
25 103
30 761
-
-
Income
90 500
90 500
90 500
90 500
Total tax
35 033
35 286
34 365
32 381
After tax
55 467
55 214
56 135
58 119
Living cost
10 412
10 412
10 412
10 412
Free-cash
45 055
44 802
45 723
47 707

Estimated living cost  is ₴10412 per week

₴6968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴642
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2561
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32735
₴6636
₴29158
₴31975
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 570
surtax
-
-
-
97
unemployment
-
-
-
3 012
chamber of commerce
-
-
-
362
health
-
-
-
4 388
pensions
-
-
-
10 612
total
-
-
-
44 041
Employee
24 539
19 567
72 770
-
other
245
196
574
-
unemployment
736
587
1 721
-
pensions
2 513
2 003
5 874
-
income
2 793
1 443
20 718
-
health
949
758
2 220
-
total
7 236
4 987
31 107
-
Employer
24 539
19 567
72 770
-
chamber of commerce
98
78
291
-
health
927
740
2 168
-
pensions
3 080
2 456
7 199
-
accident
319
254
745
-
unemployment
736
587
1 721
-
surtax
97
97
97
-
payroll
736
587
2 183
-
other
1 166
929
3 326
-
total
7 159
5 728
17 730
-
Corporate
58 804
65 204
70 906
-
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.

14 701
16 301
17 726
-
total
14 701
16 301
17 726
-
Dividends
44 103
48 903
-
-
withholding
12 128
13 448
-
-
total
12 128
13 448
-
-
Income
90 500
90 500
90 500
90 500
Total tax
41 224
40 464
66 563
44 041
After tax
49 276
50 036
23 937
46 459
Living cost
17 301
17 301
17 301
17 301
Free-cash
31 975
32 735
6 636
29 158

Estimated living cost  is ₴17301 per week

₴11539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
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.
₴4002
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32702
₴13737
₴21358
₴25338
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
4 695
social contributions
-
-
-
12 242
national
-
-
-
34 302
total
-
-
-
51 239
Employee

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

35 122
-
70 096
-
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.

306
-
609
-
communal

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

1 832
-
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.

2 634
-
5 257
-
national
10 798
-
25 640
-
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.

1 650
-
3 295
-
total
17 220
-
38 457
-
Employer

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

35 122
-
70 096
-
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.

2 160
-
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.

3 112
-
6 210
-
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.

457
-
911
-
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.

512
-
1 023
-
surtax
3 982
-
7 948
-
total
10 223
-
20 403
-
Corporate
45 154
90 500
-
-
income
9 031
18 100
-
-
surtax
181
362
-
-
total
9 212
18 462
-
-
Dividends
35 943
72 039
-
-
withholding

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

10 604
21 433
-
-
total
10 604
21 433
-
-
Income
90 500
90 500
90 500
90 500
Total tax
47 259
39 895
58 860
51 239
After tax
43 241
50 605
31 640
39 261
Living cost
17 903
17 903
17 903
17 903
Free-cash
25 338
32 702
13 737
21 358

Estimated living cost  is ₴17903 per week

₴11532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1565
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.
₴4526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42544
₴30951
₴33011
₴39180
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
410
income
-
-
-
26 103
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
39 757
Employee
24 441
-
75 991
-
other
24
-
46
-
unemployment
379
-
705
-
pensions
1 149
-
2 139
-
income
5 157
-
24 418
-
total
6 709
-
27 308
-
Employer
24 441
-
75 991
-
pensions
5 768
-
10 741
-
accident
484
-
901
-
unemployment
1 345
-
2 503
-
other
195
-
364
-
total
7 792
-
14 509
-
Corporate
58 268
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.

8 740
13 575
-
-
total
8 740
13 575
-
-
Dividends
49 528
76 925
-
-
withholding
10 347
16 649
-
-
total
10 347
16 649
-
-
Income
90 500
90 500
90 500
90 500
Total tax
33 588
30 224
41 817
39 757
After tax
56 912
60 276
48 683
50 743
Living cost
17 732
17 732
17 732
17 732
Free-cash
39 180
42 544
30 951
33 011

Estimated living cost  is ₴17732 per week

₴13058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1258
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3161
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25975
₴21216
₴17610
₴19563
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 719
accident
-
-
-
763
income
-
-
-
15 313
surtax
-
-
-
4 487
health
-
-
-
6 359
pensions
-
-
-
13 565
total
-
-
-
46 206
Employee
37 184
-
80 839
-
pensions
2 974
-
6 468
-
surtax
2 279
-
4 954
-
income
3 592
-
17 918
-
health
1 655
-
3 598
-
total
10 500
-
32 938
-
Employer
37 184
-
80 839
-
health
1 134
-
2 466
-
pensions
2 974
-
6 468
-
accident
335
-
728
-
total
4 443
-
9 662
-
Corporate
48 873
90 500
-
-
communal
3 299
6 109
-
-
income
7 331
13 575
-
-
surtax
513
950
-
-
total
11 143
20 634
-
-
Dividends
37 730
69 866
-
-
income
12 507
6 727
-
-
withholding
5 660
10 480
-
-
total
18 167
17 207
-
-
Income
90 500
90 500
90 500
90 500
Total tax
44 253
37 841
42 600
46 206
After tax
46 247
52 659
47 900
44 294
Living cost
26 684
26 684
26 684
26 684
Free-cash
19 563
25 975
21 216
17 610

Estimated living cost  is ₴26684 per week

₴20017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
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.
₴4767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45895
₴28742
₴31745
₴44334
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 788
other
-
-
-
-
surtax
-
-
-
4 068
unemployment
-
-
-
112
health
-
-
-
4 652
pensions
-
-
-
13 106
total
-
-
-
47 726
Employee
16 536
-
76 706
-
other
-
-
-
-
unemployment
1 151
-
4 561
-
pensions
1 103
-
4 371
-
surtax
59
-
3 481
-
income
2 772
-
22 851
-
health
422
-
1 671
-
total
5 507
-
36 935
-
Employer
16 536
-
76 706
-
health
752
-
2 982
-
pensions
2 205
-
8 735
-
unemployment
525
-
2 077
-
other
-
-
-
-
total
3 482
-
13 794
-
Corporate
70 483
90 500
-
-
income
18 325
23 530
-
-
total
18 325
23 530
-
-
Dividends
52 158
66 970
-
-
withholding
7 823
10 046
-
-
total
7 823
10 046
-
-
Income
90 500
90 500
90 500
90 500
Total tax
35 137
33 576
50 729
47 726
After tax
55 363
56 924
39 771
42 774
Living cost
11 029
11 029
11 029
11 029
Free-cash
44 334
45 895
28 742
31 745

Estimated living cost  is ₴11029 per week

₴6659
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴959
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34342
₴25432
₴29498
₴33251
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 365
municipal
-
-
-
538
national
-
-
-
22 595
total
-
-
-
47 775
Employee
27 237
-
90 500
-
municipal
144
-
480
-
national
4 315
-
19 627
-
regional
367
-
1 217
-
social contributions
9 185
-
30 517
-
total
14 011
-
51 841
-
Employer
27 237
-
90 500
-
total
-
-
-
-
Corporate
63 263
90 500
-
-
municipal
3 144
4 498
-
-
nationa
15 183
21 720
-
-
total
18 327
26 218
-
-
Dividends
44 936
64 282
-
-
withholding
11 684
16 713
-
-
total
11 684
16 713
-
-
Income
90 500
90 500
90 500
90 500
Total tax
44 022
42 931
51 841
47 775
After tax
46 478
47 569
38 659
42 725
Living cost
13 227
13 227
13 227
13 227
Free-cash
33 251
34 342
25 432
29 498

Estimated living cost  is ₴13227 per week

₴8226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1340
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3435
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47274
₴32551
₴36539
₴41911
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 109
social contributions
-
-
-
17 557
solidarity contribution
-
-
-
42
health
-
-
-
12 218
total
-
-
-
38 926
Employee
22 110
-
69 237
-
solidarity contribution
-
-
-
-
social contributions
1 437
-
3 908
-
income
2 653
-
8 397
-
health
2 985
-
9 347
-
total
7 075
-
21 652
-
Employer
22 110
-
69 237
-
health
1 990
-
6 231
-
social contributions
5 527
-
15 031
-
total
7 517
-
21 262
-
Corporate
60 873
90 500
-
-
income
11 566
17 195
-
-
total
11 566
17 195
-
-
Dividends
49 307
73 305
-
-
withholding
7 396
10 996
-
-
total
7 396
10 996
-
-
Income
90 500
90 500
90 500
90 500
Total tax
33 554
28 191
42 914
38 926
After tax
56 946
62 309
47 586
51 574
Living cost
15 035
15 035
15 035
15 035
Free-cash
41 911
47 274
32 551
36 539

Estimated living cost  is ₴15035 per week

₴11181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34424
₴8296
₴30891
₴34179
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 570
surtax
-
-
-
-
unemployment
-
-
-
3 012
chamber of commerce
-
-
-
362
health
-
-
-
4 388
pensions
-
-
-
10 612
total
-
-
-
43 944
Employee
21 463
19 567
72 859
-
other
214
196
574
-
unemployment
644
587
1 721
-
pensions
2 198
2 003
5 874
-
income
1 912
1 443
20 761
-
health
830
758
2 220
-
total
5 798
4 987
31 150
-
Employer
21 463
19 567
72 859
-
chamber of commerce
86
78
292
-
health
812
740
2 168
-
pensions
2 694
2 456
7 199
-
accident
279
254
745
-
unemployment
644
587
1 721
-
surtax
-
-
-
-
payroll
644
587
2 186
-
other
1 019
929
3 329
-
total
6 178
5 631
17 640
-
Corporate
62 860
65 301
70 996
-
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.

15 715
16 325
17 749
-
total
15 715
16 325
17 749
-
Dividends
47 145
48 976
-
-
withholding
12 965
13 468
-
-
total
12 965
13 468
-
-
Income
90 500
90 500
90 500
90 500
Total tax
40 656
40 411
66 539
43 944
After tax
49 844
50 089
23 961
46 556
Living cost
15 665
15 665
15 665
15 665
Free-cash
34 179
34 424
8 296
30 891

Estimated living cost  is ₴15665 per week

₴9397
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1600
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.
₴4389
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴79711
₴66136
₴83331
₴78537
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 830
-
90 500
-
income
1 566
-
18 100
-
total
1 566
-
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%.

82 670
90 500
-
-
total
-
-
-
-
Dividends
82 670
90 500
-
-
withholding
4 133
4 525
-
-
total
4 133
4 525
-
-
Income
90 500
90 500
90 500
90 500
Total tax
5 699
4 525
18 100
905
After tax
84 801
85 975
72 400
89 595
Living cost
6 264
6 264
6 264
6 264
Free-cash
78 537
79 711
66 136
83 331

Estimated living cost  is ₴6264 per week

₴4239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49139
₴28430
₴30827
₴45033
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 934
unemployment
-
-
-
136
health
-
-
-
8 905
pensions
-
-
-
16 528
total
-
-
-
46 503
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.

21 713
-
78 308
-
unemployment
31
-
110
-
pensions
3 366
-
12 137
-
income
3 744
-
19 401
-
health
1 402
-
5 059
-
total
8 543
-
36 707
-
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.

21 713
-
78 308
-
health
1 446
-
5 215
-
pensions
1 921
-
6 931
-
unemployment
13
-
47
-
total
3 380
-
12 193
-
Corporate
65 407
90 500
-
-
income
12 427
17 195
-
-
total
12 427
17 195
-
-
Dividends
52 980
73 305
-
-
withholding
7 947
10 996
-
-
total
7 947
10 996
-
-
Income
90 500
90 500
90 500
90 500
Total tax
32 297
28 191
48 900
46 503
After tax
58 203
62 309
41 600
43 997
Living cost
13 170
13 170
13 170
13 170
Free-cash
45 033
49 139
28 430
30 827

Estimated living cost  is ₴13170 per week

₴9038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3033
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33509
₴62379
₴40992
₴9751
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 900
-
-
-
social contributions
2 534
-
361
-
income
6 816
-
-
-
total
9 350
-
361
-
Employer
30 900
-
-
-
social contributions
43 570
-
6 209
-
total
43 570
-
6 209
-
Corporate
16 030
90 500
-
-
income
3 527
19 910
-
-
total
3 527
19 910
-
-
Dividends
12 503
70 590
-
-
income
2 751
15 530
-
-
total
2 751
15 530
-
-
Income
90 500
90 500
90 500
90 500
Total tax
59 198
35 440
6 570
27 957
After tax
31 302
55 060
83 930
62 543
Living cost
21 551
21 551
21 551
21 551
Free-cash
9 751
33 509
62 379
40 992

Estimated living cost  is ₴21551 per week

₴13983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2027
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.
₴5266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36076
₴25948
₴32808
₴35582
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 842
surtax
-
-
-
-
social contributions

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

-
-
-
31 449
total
-
-
-
42 291
Employee
22 583
-
73 132
-
surtax
-
-
-
-
social contributions
2 484
-
8 044
-
income
4 697
-
23 739
-
total
7 181
-
31 783
-
Employer
22 583
-
73 132
-
social contributions
5 363
-
17 368
-
total
5 363
-
17 368
-
Corporate
62 554
90 500
-
-
income
13 136
19 005
-
-
surtax
-
-
-
-
total
13 136
19 005
-
-
Dividends
49 418
71 495
-
-
withholding
13 837
20 018
-
-
total
13 837
20 018
-
-
Income
90 500
90 500
90 500
90 500
Total tax
39 517
39 023
49 151
42 291
After tax
50 983
51 477
41 349
48 209
Living cost
15 401
15 401
15 401
15 401
Free-cash
35 582
36 076
25 948
32 808

Estimated living cost  is ₴15401 per week

₴11523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴908
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.
₴2712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴21897
₴25558
₴27218
₴25273
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 474
other
-
-
-
2 806
surtax
-
-
-
-
social contributions
-
-
-
2 578
health
-
-
-
3 953
pensions
-
-
-
15 756
total
-
-
-
39 567
Employee
30 753
-
69 904
-
pensions
3 478
-
4 919
-
surtax
-
-
-
-
social contributions
876
-
1 992
-
income
2 683
-
13 719
-
total
7 037
-
20 630
-
Employer
30 753
-
69 904
-
health
2 152
-
6 536
-
pensions
5 053
-
8 269
-
unemployment
1 246
-
2 831
-
social contributions
92
-
210
-
other
1 061
-
2 751
-
total
9 604
-
20 597
-
Corporate
50 142
90 500
-
-
income
14 040
25 340
-
-
surtax
-
-
-
-
total
14 040
25 340
-
-
Dividends
36 102
65 160
-
-
surtax
-
-
-
-
social contributions
6 210
11 208
-
-
withholding
4 621
8 340
-
-
total
10 831
19 548
-
-
Income
90 500
90 500
90 500
90 500
Total tax
41 512
44 888
41 227
39 567
After tax
48 988
45 612
49 273
50 933
Living cost
23 715
23 715
23 715
23 715
Free-cash
25 273
21 897
25 558
27 218

Estimated living cost  is ₴23715 per week

₴16050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5400
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66690
₴54157
₴51753
₴65040
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 077
social contributions
-
-
-
19 910
total
-
-
-
23 987
Employee
15 785
-
78 355
-
income
-
-
4 345
-
social contributions
1 026
-
5 093
-
total
1 026
-
9 438
-
Employer
15 785
-
78 355
-
social contributions
2 447
-
12 145
-
total
2 447
-
12 145
-
Corporate
72 268
90 500
-
-
income
7 227
9 050
-
-
total
7 227
9 050
-
-
Dividends
65 041
81 450
-
-
total
-
-
-
-
Income
90 500
90 500
90 500
90 500
Total tax
10 700
9 050
21 583
23 987
After tax
79 800
81 450
68 917
66 513
Living cost
14 760
14 760
14 760
14 760
Free-cash
65 040
66 690
54 157
51 753

Estimated living cost  is ₴14760 per week

₴9543
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1113
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16427
-₴16427
₴29506
-₴16427
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 972
national
-
-
-
10 756
pensions
-
-
-
425
total
-
-
-
37 359
Employee
99 759
99 759
99 759
-
municipal
21 243
21 243
21 243
-
labour market
7 969
7 969
7 969
-
pensions
142
142
142
-
national
12 187
12 187
12 187
-
total
41 541
41 541
41 541
-
Employer
99 759
99 759
99 759
-
national
12 209
12 209
12 209
-
labour market
7 981
7 981
7 981
-
pensions
284
284
284
-
municipal
21 277
21 277
21 277
-
total
41 751
41 751
41 751
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
90 500
90 500
90 500
90 500
Total tax
83 292
83 292
83 292
37 359
After tax
7 208
7 208
7 208
53 141
Living cost
23 635
23 635
23 635
23 635
Free-cash
-16 427
-16 427
-16 427
29 506

Estimated living cost  is ₴23635 per week

₴16176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2091
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴363
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3457
₴38471
₴51069
₴5676
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
126
income
-
-
-
25 178
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
28 644
Employee
16 969
-
81 653
-
pensions
1 911
-
3 797
-
income
2 328
-
19 249
-
health
1 943
-
9 349
-
total
6 182
-
32 395
-
Employer
16 969
-
81 653
-
pensions
2 759
-
5 483
-
accident
283
-
1 364
-
unemployment
416
-
2 000
-
total
3 458
-
8 847
-
Corporate
70 073
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.

63 066
81 450
-
-
total
63 066
81 450
-
-
Dividends
7 007
9 050
-
-
withholding
1 331
1 720
-
-
total
1 331
1 720
-
-
Income
90 500
90 500
90 500
90 500
Total tax
74 037
83 170
41 242
28 644
After tax
16 463
7 330
49 258
61 856
Living cost
10 787
10 787
10 787
10 787
Free-cash
5 676
-3 457
38 471
51 069

Estimated living cost  is ₴10787 per week

₴7852
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴615
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37609
₴28371
₴38938
₴38939
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 189
municipal
-
-
-
16 076
national
-
-
-
15 446
total
-
-
-
32 711
Employee
25 833
-
76 134
-
municipal
4 231
-
12 399
-
unemployment
388
-
1 142
-
pensions
1 743
-
5 139
-
national
427
-
9 265
-
health
193
-
967
-
total
6 982
-
28 912
-
Employer
25 833
-
76 134
-
health
198
-
586
-
pensions
4 482
-
13 209
-
accident
26
-
76
-
unemployment
168
-
495
-
total
4 874
-
14 366
-
Corporate
59 793
90 500
-
-
income
11 959
18 100
-
-
total
11 959
18 100
-
-
Dividends

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

35 876
54 300
-
-
municipal
6 457
9 774
-
-
national
2 438
6 166
-
-
total
8 895
15 940
-
-
Income
90 500
90 500
90 500
90 500
Total tax
32 710
34 040
43 278
32 711
After tax
57 790
56 460
47 222
57 789
Living cost
18 851
18 851
18 851
18 851
Free-cash
38 939
37 609
28 371
38 938

Estimated living cost  is ₴18851 per week

₴12314
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.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54640
₴49502
₴50288
₴51968
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 592
social contributions
-
-
-
7 944
health
-
-
-
2 308
total
-
-
-
28 844
Employee
37 756
37 756
84 706
-
social contributions
1 427
3 134
4 227
-
income
4 111
3 495
18 169
-
health
293
642
1 440
-
total
5 831
7 271
23 836
-
Employer
37 756
37 756
84 706
-
health
318
699
1 567
-
social contributions
1 427
3 134
4 227
-
total
1 745
3 833
5 794
-
Corporate
71 555
48 911
-
-
income
8 944
6 113
-
-
total
8 944
6 113
-
-
Dividends
62 611
42 798
-
-
withholding
10 644
7 275
-
-
total
10 644
7 275
-
-
Income
90 500
90 500
90 500
90 500
Total tax
27 164
24 492
29 630
28 844
After tax
63 336
66 008
60 870
61 656
Living cost
11 368
11 368
11 368
11 368
Free-cash
51 968
54 640
49 502
50 288

Estimated living cost  is ₴11368 per week

₴6813
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1115
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.
₴3189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67147
₴58701
₴68549
₴64647
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 241
unemployment
-
-
-
14
health
-
-
-
1 777
pensions
-
-
-
3 123
total
-
-
-
14 155
Employee

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

11 270
-
85 701
-
unemployment
56
-
233
-
pensions
1 690
-
6 988
-
income
771
-
8 024
-
health
958
-
3 960
-
total
3 475
-
19 205
-
Employer

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

11 270
-
85 701
-
health
485
-
2 003
-
pensions
620
-
2 562
-
unemployment
56
-
233
-
total
1 161
-
4 798
-
Corporate
78 070
90 500
-
-
income
7 027
8 145
-
-
total
7 027
8 145
-
-
Dividends
71 043
82 355
-
-
withholding
6 394
7 412
-
-
total
6 394
7 412
-
-
Income
90 500
90 500
90 500
90 500
Total tax
18 057
15 557
24 003
14 155
After tax
72 443
74 943
66 497
76 345
Living cost
7 796
7 796
7 796
7 796
Free-cash
64 647
67 147
58 701
68 549

Estimated living cost  is ₴7796 per week

₴4974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46774
₴35181
₴37241
₴44606
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
410
income
-
-
-
26 103
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
39 757
Employee
18 156
-
75 991
-
other
18
-
46
-
unemployment
281
-
705
-
pensions
854
-
2 139
-
income
3 500
-
24 418
-
total
4 653
-
27 308
-
Employer
18 156
-
75 991
-
pensions
4 284
-
10 741
-
accident
360
-
901
-
unemployment
999
-
2 503
-
other
145
-
364
-
total
5 788
-
14 509
-
Corporate
66 556
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.

9 983
13 575
-
-
total
9 983
13 575
-
-
Dividends
56 573
76 925
-
-
withholding
11 968
16 649
-
-
total
11 968
16 649
-
-
Income
90 500
90 500
90 500
90 500
Total tax
32 392
30 224
41 817
39 757
After tax
58 108
60 276
48 683
50 743
Living cost
13 502
13 502
13 502
13 502
Free-cash
44 606
46 774
35 181
37 241

Estimated living cost  is ₴13502 per week

₴9114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1298
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55512
₴57233
₴57301
₴55353
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
31 031
health
-
-
-
508
pensions
-
-
-
700
total
-
-
-
32 239
Employee
1 463
-
89 712
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
30 994
-
health
73
-
175
-
total
503
-
31 519
-
Employer
1 463
-
89 712
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
88 708
90 500
-
-
income
19 516
19 910
-
-
total
19 516
19 910
-
-
Dividends
69 193
70 590
-
-
withholding
13 839
14 118
-
-
total
13 839
14 118
-
-
Income
90 500
90 500
90 500
90 500
Total tax
34 187
34 028
32 307
32 239
After tax
56 313
56 472
58 193
58 261
Living cost
960
960
960
960
Free-cash
55 353
55 512
57 233
57 301

Estimated living cost  is ₴960 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
₴56895
₴47719
₴47720
₴54480
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 574
unemployment
-
-
-
544
health
-
-
-
3 737
pensions
-
-
-
9 434
total
-
-
-
34 289
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.

12 804
-
84 005
-
unemployment
96
-
272
-
pensions
1 793
-
5 080
-
income
1 765
-
20 574
-
health
659
-
1 869
-
total
4 313
-
27 795
-
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.

12 804
-
84 005
-
health
659
-
1 869
-
pensions
1 536
-
4 354
-
unemployment
96
-
272
-
total
2 291
-
6 495
-
Corporate
75 404
90 500
-
-
income
11 311
13 575
-
-
total
11 311
13 575
-
-
Dividends
64 094
76 925
-
-
withholding
9 614
11 539
-
-
total
9 614
11 539
-
-
Income
90 500
90 500
90 500
90 500
Total tax
27 529
25 114
34 290
34 289
After tax
62 971
65 386
56 210
56 211
Living cost
8 491
8 491
8 491
8 491
Free-cash
54 480
56 895
47 719
47 720

Estimated living cost  is ₴8491 per week

₴5717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴657
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴38240
₴28112
₴34972
₴38062
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 842
surtax
-
-
-
-
social contributions

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

-
-
-
31 449
total
-
-
-
42 291
Employee
19 057
-
73 132
-
surtax
-
-
-
-
social contributions
2 097
-
8 044
-
income
3 724
-
23 739
-
total
5 821
-
31 783
-
Employer
19 057
-
73 132
-
social contributions
4 526
-
17 368
-
total
4 526
-
17 368
-
Corporate
66 917
90 500
-
-
income
14 052
19 005
-
-
surtax
-
-
-
-
total
14 052
19 005
-
-
Dividends
52 865
71 495
-
-
withholding
14 802
20 018
-
-
total
14 802
20 018
-
-
Income
90 500
90 500
90 500
90 500
Total tax
39 201
39 023
49 151
42 291
After tax
51 299
51 477
41 349
48 209
Living cost
13 237
13 237
13 237
13 237
Free-cash
38 062
38 240
28 112
34 972

Estimated living cost  is ₴13237 per week

₴9376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43020
₴31427
₴33487
₴39808
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
410
income
-
-
-
26 103
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
39 757
Employee
23 714
-
75 991
-
other
23
-
46
-
unemployment
367
-
705
-
pensions
1 114
-
2 139
-
income
4 953
-
24 418
-
total
6 457
-
27 308
-
Employer
23 714
-
75 991
-
pensions
5 596
-
10 741
-
accident
470
-
901
-
unemployment
1 304
-
2 503
-
other
190
-
364
-
total
7 560
-
14 509
-
Corporate
59 226
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.

8 884
13 575
-
-
total
8 884
13 575
-
-
Dividends
50 342
76 925
-
-
withholding
10 535
16 649
-
-
total
10 535
16 649
-
-
Income
90 500
90 500
90 500
90 500
Total tax
33 436
30 224
41 817
39 757
After tax
57 064
60 276
48 683
50 743
Living cost
17 256
17 256
17 256
17 256
Free-cash
39 808
43 020
31 427
33 487

Estimated living cost  is ₴17256 per week

₴12393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1342
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3279
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68931
₴67489
₴63897
₴65936
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 973
pensions

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

-
-
-
2 539
total
-
-
-
18 156
Employee
11 186
-
87 135
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

982
-
1 506
-
income
1 119
-
8 714
-
health
515
-
789
-
total
2 739
-
11 198
-
Employer
11 186
-
87 135
-
health
772
-
1 184
-
pensions

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

1 233
-
1 890
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
unemployment
67
-
103
-
total
2 195
-
3 366
-
Corporate
77 120
90 500
-
-
income
7 712
9 050
-
-
total
7 712
9 050
-
-
Dividends
69 408
81 450
-
-
withholding
3 471
4 072
-
-
total
3 471
4 072
-
-
Income
90 500
90 500
90 500
90 500
Total tax
16 117
13 122
14 564
18 156
After tax
74 383
77 378
75 936
72 344
Living cost
8 447
8 447
8 447
8 447
Free-cash
65 936
68 931
67 489
63 897

Estimated living cost  is ₴8447 per week

₴5587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27614
₴38206
₴28495
₴34037
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
28 419
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.

-
-
-
1 564
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.

-
-
-
3 354
trade
-
-
-
9 711
total
-
-
-
43 048
Employee

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

24 431
-
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.

111
-
1 564
-
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.

2 009
-
28 419
-
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.

3 354
-
3 354
-
total
5 474
-
33 337
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
66 069
90 500
-
-
income
9 910
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.

545
746
-
-
chamber of commerce
171
207
-
-
trade
9 481
12 986
-
-
total
20 107
27 514
-
-
Dividends
45 961
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.

622
855
-
-
withholding
11 303
15 560
-
-
total
11 925
16 415
-
-
Income
90 500
90 500
90 500
90 500
Total tax
37 506
43 929
33 337
43 048
After tax
52 994
46 571
57 163
47 452
Living cost
18 957
18 957
18 957
18 957
Free-cash
34 037
27 614
38 206
28 495

Estimated living cost  is ₴18957 per week

₴13077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2040
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.
₴3565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35379
₴19254
₴19254
₴36464
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 084
social contributions
-
-
-
15 192
total
-
-
-
43 276
Employee
38 408
-
90 500
-
income
7 247
-
28 084
-
social contributions
3 191
-
15 192
-
total
10 438
-
43 276
-
Employer
38 408
-
90 500
-
total
-
-
-
-
Corporate
52 092
90 500
-
-
income
6 511
11 313
-
-
total
6 511
11 313
-
-
Dividends
45 581
79 187
-
-
withholding
9 117
15 838
-
-
total
9 117
15 838
-
-
Income
90 500
90 500
90 500
90 500
Total tax
26 066
27 151
43 276
43 276
After tax
64 434
63 349
47 224
47 224
Living cost
27 970
27 970
27 970
27 970
Free-cash
36 464
35 379
19 254
19 254

Estimated living cost  is ₴27970 per week

₴21279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
₴38407
₴46278
₴55719
₴40123
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 977
health

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

-
-
-
2 980
total
-
-
-
16 957
Employee
22 525
-
88 241
-
income
2 444
-
21 880
-
social contributions
2 257
-
2 259
-
total
4 701
-
24 139
-
Employer
22 525
-
88 241
-
social contributions
2 257
-
2 259
-
total
2 257
-
2 259
-
Corporate
65 719
90 500
-
-
income
23 001
31 675
-
-
total
23 001
31 675
-
-
Dividends
42 717
58 825
-
-
social contributions
2 594
2 594
-
-
total
2 594
2 594
-
-
Income
90 500
90 500
90 500
90 500
Total tax
32 553
34 269
26 398
16 957
After tax
57 947
56 231
64 102
73 543
Living cost
17 824
17 824
17 824
17 824
Free-cash
40 123
38 407
46 278
55 719

Estimated living cost  is ₴17824 per week

₴11740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1405
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.
₴4405
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40601
₴33347
₴41515
₴43498
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 324
pensions
-
-
-
4 488
total
-
-
-
30 812
Employee
24 944
-
79 017
-
pensions
1 904
-
5 489
-
income
4 543
-
20 879
-
health
325
-
1 129
-
total
6 772
-
27 497
-
Employer
24 944
-
79 017
-
health
474
-
1 501
-
pensions
2 520
-
9 982
-
total
2 994
-
11 483
-
Corporate
62 561
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.

11 887
17 195
-
-
total
11 887
17 195
-
-
Dividends
50 675
73 305
-
-
withholding
7 176
14 531
-
-
total
7 176
14 531
-
-
Income
90 500
90 500
90 500
90 500
Total tax
28 829
31 726
38 980
30 812
After tax
61 671
58 774
51 520
59 688
Living cost
18 173
18 173
18 173
18 173
Free-cash
43 498
40 601
33 347
41 515

Estimated living cost  is ₴18173 per week

₴12466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1671
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.
₴3807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4525
₴37403
₴50001
₴5513
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
126
income
-
-
-
25 178
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
28 644
Employee
18 648
-
81 653
-
pensions
2 100
-
3 797
-
income
2 558
-
19 249
-
health
2 135
-
9 349
-
total
6 793
-
32 395
-
Employer
18 648
-
81 653
-
pensions
3 032
-
5 483
-
accident
311
-
1 364
-
unemployment
457
-
2 000
-
total
3 800
-
8 847
-
Corporate
68 051
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.

61 246
81 450
-
-
total
61 246
81 450
-
-
Dividends
6 805
9 050
-
-
withholding
1 293
1 720
-
-
total
1 293
1 720
-
-
Income
90 500
90 500
90 500
90 500
Total tax
73 132
83 170
41 242
28 644
After tax
17 368
7 330
49 258
61 856
Living cost
11 855
11 855
11 855
11 855
Free-cash
5 513
-4 525
37 403
50 001

Estimated living cost  is ₴11855 per week

₴8700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴691
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69522
₴58086
₴47283
₴67223
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 981
unemployment
-
-
-
943
work injury
-
-
-
393
health insurance
-
-
-
5 813
pensions
-
-
-
14 453
total
-
-
-
36 583
Employee

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

10 615
-
90 500
-
health insurance
786
-
2 906
-
unemployment
127
-
471
-
work injury
53
-
196
-
pensions
1 953
-
7 226
-
income
1 062
-
14 981
-
total
3 981
-
25 780
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
79 885
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%.

799
905
-
-
total
799
905
-
-
Dividends
79 086
89 595
-
-
withholding
11 863
13 439
-
-
total
11 863
13 439
-
-
Income
90 500
90 500
90 500
90 500
Total tax
16 643
14 344
25 780
36 583
After tax
73 857
76 156
64 720
53 917
Living cost
6 634
6 634
6 634
6 634
Free-cash
67 223
69 522
58 086
47 283

Estimated living cost  is ₴6634 per week

₴4110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28108
₴18411
₴22385
₴25874
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 595
total
-
-
-
48 554
Employee
41 376
-
90 500
-
municipal
247
-
540
-
national
6 992
-
19 627
-
regional
625
-
1 844
-
social contributions
13 952
-
30 517
-
total
21 816
-
52 528
-
Employer
41 376
-
90 500
-
total
-
-
-
-
Corporate
49 124
90 500
-
-
municipal
2 368
4 362
-
-
nationa
11 790
21 720
-
-
total
14 158
26 082
-
-
Dividends
34 967
64 418
-
-
withholding
9 091
16 749
-
-
total
9 091
16 749
-
-
Income
90 500
90 500
90 500
90 500
Total tax
45 065
42 831
52 528
48 554
After tax
45 435
47 669
37 972
41 946
Living cost
19 561
19 561
19 561
19 561
Free-cash
25 874
28 108
18 411
22 385

Estimated living cost  is ₴19561 per week

₴13740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
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.
₴4179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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