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
₴36001
₴30454
₴42120
₴31538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
10 582
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.

-
-
-
28 216
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.

-
-
-
3 425
surtax

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

-
-
-
1 552
total
-
-
-
43 775
Employee

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

19 177
-
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
-
1 552
-
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.

3 425
-
3 425
-
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.

536
-
28 216
-
total
3 990
-
33 193
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 323
90 500
-
-
trade
11 233
14 254
-
-
income
10 698
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.

588
747
-
-
chamber of commerce
179
206
-
-
total
22 698
28 782
-
-
Dividends
48 624
61 718
-
-
withholding
11 966
15 239
-
-
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.

658
838
-
-
total
12 624
16 077
-
-
Income
90 500
90 500
90 500
90 500
Total tax
39 312
44 859
33 193
43 775
After tax
51 188
45 641
57 307
46 725
Living cost
15 187
15 187
15 187
15 187
Free-cash
36 001
30 454
42 120
31 538

Estimated living cost  is ₴15187 per week

₴9553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1771
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.
₴3579
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30349
₴30776
₴28050
₴27563
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 860
municipal
-
-
-
9 923
national
-
-
-
15 485
total
-
-
-
37 241
Employee
39 833
-
78 236
-
national
7 624
-
16 252
-
municipal
4 920
-
10 273
-
pensions
1 593
-
3 129
-
total
14 137
-
29 654
-
Employer
39 833
-
78 236
-
pensions
3 187
-
6 259
-
social contributions
428
-
841
-
total
3 615
-
7 100
-
Corporate
44 423
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%.

8 885
18 100
-
-
total
8 885
18 100
-
-
Dividends
35 539
72 400
-
-
withholding
7 818
15 928
-
-
total
7 818
15 928
-
-
Income
90 500
90 500
90 500
90 500
Total tax
34 455
34 028
36 754
37 241
After tax
56 045
56 472
53 746
53 259
Living cost
25 696
25 696
25 696
25 696
Free-cash
30 349
30 776
28 050
27 563

Estimated living cost  is ₴25696 per week

₴17465
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴385
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5457
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57856
₴61969
₴27744
₴20988
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
19 210
income
-
-
-
16 794
microenterprise
-
-
-
-
surtax
-
-
-
23 077
total
-
-
-
59 081
Employee
14 651
-
68 563
-
surtax
-
-
9 942
-
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.

1 612
-
6 573
-
income
2 608
-
13 874
-
total
4 220
-
30 389
-
Employer
14 651
-
68 563
-
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.

3 529
-
14 395
-
surtax
-
-
7 541
-
total
3 529
-
21 936
-
Corporate
72 320
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%.

14 464
18 100
-
-
total
14 464
18 100
-
-
Dividends

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

57 856
72 400
-
-
total
-
-
-
-
Income
90 500
90 500
90 500
90 500
Total tax
22 213
18 100
52 325
59 081
After tax
68 287
72 400
38 175
31 419
Living cost
10 431
10 431
10 431
10 431
Free-cash
57 856
61 969
27 744
20 988

Estimated living cost  is ₴10431 per week

₴6655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴993
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.
₴2546
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20764
₴23836
₴35776
₴28807
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 632
pensions
-
-
-
5 874
health
-
-
-
6 183
total
-
-
-
40 689
Employee
42 817
42 817
81 182
-
health
6 572
5 590
6 183
-
pensions
7 707
5 874
5 874
-
income

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

7 008
7 008
12 346
-
total
21 287
18 472
24 403
-
Employer
42 817
42 817
81 182
-
pensions
2 980
2 980
3 704
-
unemployment
1 541
1 541
1 915
-
health
2 976
2 976
3 698
-
total
7 497
7 497
9 317
-
Corporate
40 711
40 186
-
-
income
8 142
8 037
-
-
total
8 142
8 037
-
-
Dividends
32 569
32 149
-
-
withholding
4 885
4 822
-
-
income
6 921
6 832
-
-
total
11 806
11 654
-
-
Income
90 500
90 500
90 500
90 500
Total tax
48 732
45 660
33 720
40 689
After tax
41 768
44 840
56 780
49 811
Living cost
21 004
21 004
21 004
21 004
Free-cash
20 764
23 836
35 776
28 807

Estimated living cost  is ₴21004 per week

₴14885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1893
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3892
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28341
₴28803
₴25391
₴25891
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 249
unemployment
-
-
-
45
pensions
-
-
-
4 883
municipal
-
-
-
23 085
accident
-
-
-
90
national
-
-
-
7 828
health
-
-
-
2 819
total
-
-
-
43 999
Employee
29 367
-
76 308
-
national
-
-
7 552
-
municipal
8 757
-
22 755
-
total
8 757
-
30 307
-
Employer
29 367
-
76 308
-
other
3 412
-
5 249
-
accident
59
-
90
-
pensions
3 175
-
4 883
-
unemployment
775
-
1 192
-
health
1 806
-
2 778
-
total
9 227
-
14 192
-
Corporate
51 906
90 500
-
-
income
11 419
19 910
-
-
total
11 419
19 910
-
-
Dividends
40 487
70 590
-
-
withholding
12 146
21 177
-
-
total
12 146
21 177
-
-
Income
90 500
90 500
90 500
90 500
Total tax
41 549
41 087
44 499
43 999
After tax
48 951
49 413
46 001
46 501
Living cost
20 610
20 610
20 610
20 610
Free-cash
28 341
28 803
25 391
25 891

Estimated living cost  is ₴20610 per week

₴13659
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2022
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32525
₴25478
₴37610
₴26558
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
11 052
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.

-
-
-
28 216
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.

-
-
-
3 425
surtax

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

-
-
-
1 552
total
-
-
-
44 245
Employee

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

25 426
-
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.

120
-
1 552
-
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.

3 425
-
3 425
-
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.

2 185
-
28 216
-
total
5 730
-
33 193
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 074
90 500
-
-
trade
10 704
14 887
-
-
income
9 761
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.

537
747
-
-
chamber of commerce
168
205
-
-
total
21 170
29 414
-
-
Dividends
43 903
61 087
-
-
withholding
10 785
15 081
-
-
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.

593
830
-
-
total
11 378
15 911
-
-
Income
90 500
90 500
90 500
90 500
Total tax
38 278
45 325
33 193
44 245
After tax
52 222
45 175
57 307
46 255
Living cost
19 697
19 697
19 697
19 697
Free-cash
32 525
25 478
37 610
26 558

Estimated living cost  is ₴19697 per week

₴13173
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2077
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4152
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47671
₴49749
₴44694
₴45486
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 112
income
-
-
-
18 332
health
-
-
-
2 307
total
-
-
-
28 751
Employee
38 554
38 554
84 619
-
health
383
656
1 439
-
social contributions
1 873
3 200
4 316
-
income
4 049
3 569
17 907
-
total
6 305
7 425
23 662
-
Employer
38 554
38 554
84 619
-
social contributions
1 873
3 200
4 316
-
health
418
714
1 565
-
total
2 291
3 914
5 881
-
Corporate
65 641
48 032
-
-
income
8 206
6 004
-
-
total
8 206
6 004
-
-
Dividends
57 435
42 028
-
-
withholding
9 764
7 145
-
-
total
9 764
7 145
-
-
Income
90 500
90 500
90 500
90 500
Total tax
26 566
24 488
29 543
28 751
After tax
63 934
66 012
60 957
61 749
Living cost
16 263
16 263
16 263
16 263
Free-cash
47 671
49 749
44 694
45 486

Estimated living cost  is ₴16263 per week

₴11117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1270
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.
₴3602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴41748
₴41555
₴43180
₴53409
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
1 358
income
-
-
-
11 064
pensions
-
-
-
9 050
health
-
-
-
6 335
total
-
-
-
27 807
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.

13 402
5 334
75 732
-
unemployment
201
80
1 136
-
health
938
373
5 301
-
pensions
1 340
533
7 573
-
income
1 638
652
9 258
-
total
4 117
1 638
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.

13 402
5 334
75 732
-
pensions
2 613
1 040
14 768
-
total
2 613
1 040
14 768
-
Corporate
74 485
84 126
-
-
income
6 704
7 571
-
-
total
6 704
7 571
-
-
Dividends
67 781
76 555
-
-
withholding
12 878
14 545
-
-
social contributions
13 156
14 867
-
-
total
26 034
29 412
-
-
Income
90 500
90 500
90 500
90 500
Total tax
39 468
39 661
38 036
27 807
After tax
51 032
50 839
52 464
62 693
Living cost
9 284
9 284
9 284
9 284
Free-cash
41 748
41 555
43 180
53 409

Estimated living cost  is ₴9284 per week

₴6336
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴760
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴186
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2003
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57176
₴60290
₴40053
₴36398
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
18 100
health
-
-
-
11 765
total
-
-
-
41 992
Employee
14 224
-
67 638
-
unemployment
227
-
1 082
-
pensions
284
-
1 353
-
income
1 601
-
13 041
-
total
2 112
-
15 476
-
Employer
14 224
-
67 638
-
pensions
2 845
-
13 527
-
unemployment
114
-
541
-
health
1 849
-
8 793
-
total
4 808
-
22 861
-
Corporate
71 469
90 500
-
-
income
14 294
18 100
-
-
total
14 294
18 100
-
-
Dividends
57 174
72 400
-
-
total
-
-
-
-
Income
90 500
90 500
90 500
90 500
Total tax
21 214
18 100
38 337
41 992
After tax
69 286
72 400
52 163
48 508
Living cost
12 110
12 110
12 110
12 110
Free-cash
57 176
60 290
40 053
36 398

Estimated living cost  is ₴12110 per week

₴8306
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴721
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5603
-₴3940
₴37897
₴50595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
25 067
pensions
-
-
-
2 132
accident
-
-
-
129
health
-
-
-
1 117
total
-
-
-
28 635
Employee
17 729
-
81 498
-
health
2 030
-
9 332
-
pensions
1 996
-
3 908
-
income
2 432
-
19 091
-
total
6 458
-
32 331
-
Employer
17 729
-
81 498
-
accident
296
-
1 361
-
pensions
2 883
-
5 644
-
unemployment
434
-
1 997
-
total
3 613
-
9 002
-
Corporate
69 158
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.

62 242
81 450
-
-
total
62 242
81 450
-
-
Dividends
6 916
9 050
-
-
withholding
1 314
1 720
-
-
total
1 314
1 720
-
-
Income
90 500
90 500
90 500
90 500
Total tax
73 627
83 170
41 333
28 635
After tax
16 873
7 330
49 167
61 865
Living cost
11 270
11 270
11 270
11 270
Free-cash
5 603
-3 940
37 897
50 595

Estimated living cost  is ₴11270 per week

₴8260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
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.
₴2151
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴81106
₴81875
₴68300
₴85495
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 125
-
90 500
-
income
1 025
-
18 100
-
total
1 025
-
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%.

85 375
90 500
-
-
total
-
-
-
-
Dividends
85 375
90 500
-
-
withholding
4 269
4 525
-
-
total
4 269
4 525
-
-
Income
90 500
90 500
90 500
90 500
Total tax
5 294
4 525
18 100
905
After tax
85 206
85 975
72 400
89 595
Living cost
4 100
4 100
4 100
4 100
Free-cash
81 106
81 875
68 300
85 495

Estimated living cost  is ₴4100 per week

₴2541
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴113
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49743
₴53130
₴37878
₴37680
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 621
income
-
-
-
14 185
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

-
-
-
18 299
health
-
-
-
3 355
total
-
-
-
39 460
Employee
18 205
-
72 283
-
unemployment
182
-
723
-
health
255
-
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.

1 274
-
5 060
-
income
3 134
-
14 250
-
total
4 845
-
21 045
-
Employer
18 205
-
72 283
-
other
911
-
3 615
-
accident
146
-
579
-
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.

3 095
-
12 288
-
unemployment
182
-
723
-
health
255
-
1 012
-
total
4 589
-
18 217
-
Corporate
67 707
90 500
-
-
income
14 219
19 005
-
-
total
14 219
19 005
-
-
Dividends
53 488
71 495
-
-
withholding
3 744
5 005
-
-
total
3 744
5 005
-
-
Income
90 500
90 500
90 500
90 500
Total tax
27 397
24 010
39 262
39 460
After tax
63 103
66 490
51 238
51 040
Living cost
13 360
13 360
13 360
13 360
Free-cash
49 743
53 130
37 878
37 680

Estimated living cost  is ₴13360 per week

₴9440
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴902
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2803
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴28193
₴25951
₴18683
₴26853
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 283
pensions
-
-
-
4 500
total
-
-
-
30 783
Employee
46 497
-
79 021
-
health
766
-
1 130
-
pensions
4 486
-
5 506
-
income
8 382
-
20 838
-
total
13 634
-
27 474
-
Employer
46 497
-
79 021
-
pensions
5 490
-
9 978
-
health
883
-
1 501
-
total
6 373
-
11 479
-
Corporate
37 629
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.

7 150
17 195
-
-
total
7 150
17 195
-
-
Dividends
30 479
73 305
-
-
withholding
2 286
14 490
-
-
total
2 286
14 490
-
-
Income
90 500
90 500
90 500
90 500
Total tax
29 443
31 685
38 953
30 783
After tax
61 057
58 815
51 547
59 717
Living cost
32 864
32 864
32 864
32 864
Free-cash
28 193
25 951
18 683
26 853

Estimated living cost  is ₴32864 per week

₴24626
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3861
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.
₴4110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴68475
₴70804
₴69245
₴65675
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
70
income
-
-
-
13 575
pensions

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

-
-
-
2 592
health
-
-
-
2 014
total
-
-
-
18 251
Employee
8 705
-
87 064
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
health
400
-
806
-
pensions

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

764
-
1 538
-
income
870
-
8 707
-
total
2 130
-
11 244
-
Employer
8 705
-
87 064
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
pensions

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

959
-
1 930
-
unemployment
52
-
105
-
health
601
-
1 209
-
total
1 708
-
3 437
-
Corporate
80 086
90 500
-
-
income
8 009
9 050
-
-
total
8 009
9 050
-
-
Dividends
72 078
81 450
-
-
withholding
3 604
4 072
-
-
total
3 604
4 072
-
-
Income
90 500
90 500
90 500
90 500
Total tax
15 451
13 122
14 681
18 251
After tax
75 049
77 378
75 819
72 249
Living cost
6 574
6 574
6 574
6 574
Free-cash
68 475
70 804
69 245
65 675

Estimated living cost  is ₴6574 per week

₴3838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴470
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18298
₴17037
₴28977
₴22008
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 632
pensions
-
-
-
5 874
health
-
-
-
6 183
total
-
-
-
40 689
Employee
46 485
42 817
81 182
-
health
5 799
5 590
6 183
-
pensions
5 874
5 874
5 874
-
income

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

7 008
7 008
12 346
-
total
18 681
18 472
24 403
-
Employer
46 485
42 817
81 182
-
pensions
3 235
2 980
3 704
-
unemployment
1 674
1 541
1 915
-
health
3 230
2 976
3 698
-
total
8 139
7 497
9 317
-
Corporate
35 876
40 186
-
-
income
7 175
8 037
-
-
total
7 175
8 037
-
-
Dividends
28 701
32 149
-
-
withholding
4 305
4 822
-
-
income
6 099
6 832
-
-
total
10 404
11 654
-
-
Income
90 500
90 500
90 500
90 500
Total tax
44 399
45 660
33 720
40 689
After tax
46 101
44 840
56 780
49 811
Living cost
27 803
27 803
27 803
27 803
Free-cash
18 298
17 037
28 977
22 008

Estimated living cost  is ₴27803 per week

₴20509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45428
₴49866
₴34874
₴38877
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 906
income
-
-
-
9 057
health
-
-
-
12 217
solidarity contribution
-
-
-
-
total
-
-
-
39 180
Employee
18 299
-
68 963
-
solidarity contribution
-
-
-
-
health
2 470
-
9 310
-
social contributions
1 189
-
3 986
-
income
2 196
-
8 350
-
total
5 855
-
21 646
-
Employer
18 299
-
68 963
-
social contributions
4 575
-
15 330
-
health
1 647
-
6 207
-
total
6 222
-
21 537
-
Corporate
65 979
90 500
-
-
income
12 536
17 195
-
-
total
12 536
17 195
-
-
Dividends
53 443
73 305
-
-
withholding
8 016
10 996
-
-
total
8 016
10 996
-
-
Income
90 500
90 500
90 500
90 500
Total tax
32 629
28 191
43 183
39 180
After tax
57 871
62 309
47 317
51 320
Living cost
12 443
12 443
12 443
12 443
Free-cash
45 428
49 866
34 874
38 877

Estimated living cost  is ₴12443 per week

₴8643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴885
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2670
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24510
₴27129
₴17879
₴21967
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 071
social contributions
-
-
-
23 277
municipal
-
-
-
538
national
-
-
-
22 490
total
-
-
-
47 376
Employee
44 560
-
90 500
-
national
7 721
-
19 522
-
regional
420
-
945
-
municipal
236
-
480
-
social contributions
15 026
-
30 517
-
total
23 403
-
51 464
-
Employer
44 560
-
90 500
-
total
-
-
-
-
Corporate
45 940
90 500
-
-
nationa
11 026
21 720
-
-
municipal
1 792
3 529
-
-
total
12 818
25 249
-
-
Dividends
33 122
65 251
-
-
withholding
8 612
16 965
-
-
total
8 612
16 965
-
-
Income
90 500
90 500
90 500
90 500
Total tax
44 833
42 214
51 464
47 376
After tax
45 667
48 286
39 036
43 124
Living cost
21 157
21 157
21 157
21 157
Free-cash
24 510
27 129
17 879
21 967

Estimated living cost  is ₴21157 per week

₴14748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1387
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4697
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44302
₴45860
₴28668
₴31733
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
114
income
-
-
-
25 472
pensions
-
-
-
13 384
health
-
-
-
4 751
surtax
-
-
-
3 982
total
-
-
-
47 703
Employee
16 581
-
76 414
-
surtax
54
-
3 383
-
unemployment
1 154
-
4 657
-
other
-
-
-
-
health
423
-
1 706
-
pensions
1 106
-
4 463
-
income
2 779
-
22 473
-
total
5 516
-
36 682
-
Employer
16 581
-
76 414
-
other
-
-
-
-
pensions
2 210
-
8 920
-
unemployment
525
-
2 121
-
health
755
-
3 045
-
total
3 490
-
14 086
-
Corporate
70 429
90 500
-
-
income
18 311
23 530
-
-
total
18 311
23 530
-
-
Dividends
52 118
66 970
-
-
withholding
7 817
10 046
-
-
total
7 817
10 046
-
-
Income
90 500
90 500
90 500
90 500
Total tax
35 134
33 576
50 768
47 703
After tax
55 366
56 924
39 732
42 797
Living cost
11 064
11 064
11 064
11 064
Free-cash
44 302
45 860
28 668
31 733

Estimated living cost  is ₴11064 per week

₴6765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1021
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.
₴3023
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39610
₴36363
₴29095
₴37265
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 283
pensions
-
-
-
4 500
total
-
-
-
30 783
Employee
31 161
-
79 021
-
health
452
-
1 130
-
pensions
2 645
-
5 506
-
income
5 612
-
20 838
-
total
8 709
-
27 474
-
Employer
31 161
-
79 021
-
pensions
3 373
-
9 978
-
health
592
-
1 501
-
total
3 965
-
11 479
-
Corporate
55 373
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.

10 521
17 195
-
-
total
10 521
17 195
-
-
Dividends
44 852
73 305
-
-
withholding
5 243
14 490
-
-
total
5 243
14 490
-
-
Income
90 500
90 500
90 500
90 500
Total tax
28 438
31 685
38 953
30 783
After tax
62 062
58 815
51 547
59 717
Living cost
22 452
22 452
22 452
22 452
Free-cash
39 610
36 363
29 095
37 265

Estimated living cost  is ₴22452 per week

₴16821
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1683
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.
₴3713
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴18712
₴1758
₴29473
₴33618
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
954
regional
-
-
-
4 463
pensions
-
-
-
8 326
national
-
-
-
1 499
health
-
-
-
204
total
-
-
-
17 256
Employee
46 372
-
81 001
-
national
219
-
1 096
-
unemployment
-
-
-
-
city
498
-
870
-
regional
1 518
-
3 841
-
health
105
-
182
-
pensions
3 896
-
6 805
-
total
6 236
-
12 794
-
Employer
46 372
-
81 001
-
other

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

927
-
1 620
-
pensions
3 896
-
6 805
-
unemployment
-
-
-
-
health
105
-
182
-
total
4 928
-
8 607
-
Corporate
38 690
90 500
-
-
regional
8 183
19 141
-
-
national
3 288
7 692
-
-
total
11 471
26 833
-
-
Dividends
27 219
63 667
-
-
withholding
9 527
22 283
-
-
total
9 527
22 283
-
-
Income
90 500
90 500
90 500
90 500
Total tax
32 162
49 116
21 401
17 256
After tax
58 338
41 384
69 099
73 244
Living cost
39 626
39 626
39 626
39 626
Free-cash
18 712
1 758
29 473
33 618

Estimated living cost  is ₴39626 per week

₴25768
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3556
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9815
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴29873
₴21740
₴34338
₴22816
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
11 522
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.

-
-
-
28 216
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.

-
-
-
3 425
surtax

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

-
-
-
1 552
total
-
-
-
44 715
Employee

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

30 133
-
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.

195
-
1 552
-
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.

3 425
-
3 425
-
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.

3 543
-
28 216
-
total
7 163
-
33 193
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 367
90 500
-
-
trade
10 353
15 521
-
-
income
9 055
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.

498
747
-
-
chamber of commerce
161
204
-
-
total
20 067
30 047
-
-
Dividends
40 301
60 454
-
-
withholding
9 885
14 923
-
-
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.

543
821
-
-
total
10 428
15 744
-
-
Income
90 500
90 500
90 500
90 500
Total tax
37 658
45 791
33 193
44 715
After tax
52 842
44 709
57 307
45 785
Living cost
22 969
22 969
22 969
22 969
Free-cash
29 873
21 740
34 338
22 816

Estimated living cost  is ₴22969 per week

₴16776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31421
₴28458
₴32327
₴33810
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 806
social contributions
-
-
-
2 579
income
-
-
-
14 328
pensions
-
-
-
15 929
health
-
-
-
3 894
surtax
-
-
-
-
total
-
-
-
39 536
Employee
21 459
-
70 004
-
surtax
-
-
-
-
pensions
2 426
-
4 883
-
social contributions
612
-
1 994
-
income
1 266
-
13 648
-
total
4 304
-
20 525
-
Employer
21 459
-
70 004
-
other
740
-
2 737
-
pensions
3 525
-
8 217
-
unemployment
869
-
2 835
-
social contributions
65
-
210
-
health
1 502
-
6 495
-
total
6 701
-
20 494
-
Corporate
62 340
90 500
-
-
income
17 455
25 340
-
-
surtax
-
-
-
-
total
17 455
25 340
-
-
Dividends
44 885
65 160
-
-
withholding
5 745
8 341
-
-
social contributions
7 720
11 207
-
-
surtax
-
-
-
-
total
13 465
19 548
-
-
Income
90 500
90 500
90 500
90 500
Total tax
41 925
44 888
41 019
39 536
After tax
48 575
45 612
49 481
50 964
Living cost
17 154
17 154
17 154
17 154
Free-cash
31 421
28 458
32 327
33 810

Estimated living cost  is ₴17154 per week

₴10816
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1395
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32943
₴30157
₴34026
₴35509
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 806
social contributions
-
-
-
2 579
income
-
-
-
14 328
pensions
-
-
-
15 929
health
-
-
-
3 894
surtax
-
-
-
-
total
-
-
-
39 536
Employee
19 155
-
70 004
-
surtax
-
-
-
-
pensions
2 167
-
4 883
-
social contributions
546
-
1 994
-
income
988
-
13 648
-
total
3 701
-
20 525
-
Employer
19 155
-
70 004
-
other
661
-
2 737
-
pensions
3 147
-
8 217
-
unemployment
775
-
2 835
-
social contributions
57
-
210
-
health
1 341
-
6 495
-
total
5 981
-
20 494
-
Corporate
65 363
90 500
-
-
income
18 302
25 340
-
-
surtax
-
-
-
-
total
18 302
25 340
-
-
Dividends
47 061
65 160
-
-
withholding
6 024
8 341
-
-
social contributions
8 094
11 207
-
-
surtax
-
-
-
-
total
14 118
19 548
-
-
Income
90 500
90 500
90 500
90 500
Total tax
42 102
44 888
41 019
39 536
After tax
48 398
45 612
49 481
50 964
Living cost
15 455
15 455
15 455
15 455
Free-cash
32 943
30 157
34 026
35 509

Estimated living cost  is ₴15455 per week

₴8963
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
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.
₴4629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44843
₴44581
₴45557
₴47487
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 489
income
-
-
-
13 575
health
-
-
-
6 317
total
-
-
-
32 381
Employee
17 000
-
90 500
-
health
1 186
-
6 317
-
social contributions
2 346
-
12 489
-
income
2 835
-
15 505
-
total
6 367
-
34 311
-
Employer
17 000
-
90 500
-
total
-
-
-
-
Corporate
73 500
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%.

3 675
4 525
-
-
total
3 675
4 525
-
-
Dividends
69 825
85 975
-
-
health
4 873
6 001
-
-
withholding
10 474
12 896
-
-
social contributions
9 636
11 865
-
-
total
24 983
30 762
-
-
Income
90 500
90 500
90 500
90 500
Total tax
35 025
35 287
34 311
32 381
After tax
55 475
55 213
56 189
58 119
Living cost
10 632
10 632
10 632
10 632
Free-cash
44 843
44 581
45 557
47 487

Estimated living cost  is ₴10632 per week

₴7115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴656
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2616
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31608
₴32385
₴6296
₴28788
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
362
unemployment
-
-
-
3 075
income
-
-
-
25 192
pensions
-
-
-
10 836
health
-
-
-
4 481
surtax
-
-
-
99
total
-
-
-
44 045
Employee
25 057
19 981
72 525
-
unemployment
752
599
1 757
-
other
250
200
586
-
health
970
774
2 266
-
pensions
2 566
2 046
5 998
-
income
2 853
1 474
20 300
-
total
7 391
5 093
30 907
-
Employer
25 057
19 981
72 525
-
payroll
752
599
2 176
-
other
1 190
949
3 326
-
accident
325
260
761
-
pensions
3 145
2 508
7 351
-
unemployment
752
599
1 757
-
chamber of commerce
100
80
290
-
surtax
99
99
99
-
health
947
755
2 214
-
total
7 310
5 849
17 974
-
Corporate
58 134
64 669
70 622
-
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.

14 533
16 168
17 656
-
total
14 533
16 168
17 656
-
Dividends
43 601
48 502
-
-
withholding
11 991
13 338
-
-
total
11 991
13 338
-
-
Income
90 500
90 500
90 500
90 500
Total tax
41 225
40 448
66 537
44 045
After tax
49 275
50 052
23 963
46 455
Living cost
17 667
17 667
17 667
17 667
Free-cash
31 608
32 385
6 296
28 788

Estimated living cost  is ₴17667 per week

₴11783
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1507
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24808
₴32328
₴13458
₴20968
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 500
national
-
-
-
34 071
communal

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

-
-
-
4 680
total
-
-
-
51 251
Employee

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

35 865
-
70 095
-
national
11 026
-
25 538
-
unemployment

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

312
-
610
-
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.

1 685
-
3 294
-
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.

2 690
-
5 257
-
communal

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

1 871
-
3 657
-
total
17 584
-
38 356
-
Employer

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

35 865
-
70 095
-
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.

466
-
912
-
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.

3 178
-
6 210
-
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.

523
-
1 024
-
surtax
4 067
-
7 949
-
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.

2 206
-
4 310
-
total
10 440
-
20 405
-
Corporate
44 196
90 500
-
-
income
8 839
18 100
-
-
surtax
177
362
-
-
total
9 016
18 462
-
-
Dividends
35 179
72 038
-
-
withholding

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

10 371
21 429
-
-
total
10 371
21 429
-
-
Income
90 500
90 500
90 500
90 500
Total tax
47 411
39 891
58 761
51 251
After tax
43 089
50 609
31 739
39 249
Living cost
18 281
18 281
18 281
18 281
Free-cash
24 808
32 328
13 458
20 968

Estimated living cost  is ₴18281 per week

₴11776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1598
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.
₴4621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴38756
₴42191
₴30552
₴32657
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
325
income
-
-
-
25 794
pensions
-
-
-
13 151
accident
-
-
-
419
total
-
-
-
39 736
Employee
24 958
-
75 684
-
unemployment
387
-
720
-
other
25
-
47
-
pensions
1 173
-
2 185
-
income
5 266
-
24 073
-
total
6 851
-
27 025
-
Employer
24 958
-
75 684
-
other
199
-
372
-
accident
494
-
920
-
pensions
5 890
-
10 968
-
unemployment
1 373
-
2 556
-
total
7 956
-
14 816
-
Corporate
57 587
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.

8 638
13 575
-
-
total
8 638
13 575
-
-
Dividends
48 949
76 925
-
-
withholding
10 192
16 627
-
-
total
10 192
16 627
-
-
Income
90 500
90 500
90 500
90 500
Total tax
33 637
30 202
41 841
39 736
After tax
56 863
60 298
48 659
50 764
Living cost
18 107
18 107
18 107
18 107
Free-cash
38 756
42 191
30 552
32 657

Estimated living cost  is ₴18107 per week

₴13334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1284
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3227
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19061
₴25541
₴20861
₴17253
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 107
pensions
-
-
-
13 565
accident
-
-
-
763
communal
-
-
-
5 719
health
-
-
-
6 359
surtax
-
-
-
4 486
total
-
-
-
45 999
Employee
37 970
-
80 840
-
surtax
2 327
-
4 954
-
health
1 690
-
3 597
-
pensions
3 037
-
6 467
-
income
3 668
-
17 713
-
total
10 722
-
32 731
-
Employer
37 970
-
80 840
-
accident
342
-
728
-
pensions
3 037
-
6 467
-
health
1 158
-
2 465
-
total
4 537
-
9 660
-
Corporate
47 994
90 500
-
-
income
7 199
13 575
-
-
communal
3 240
6 109
-
-
surtax
504
951
-
-
total
10 943
20 635
-
-
Dividends
37 051
69 866
-
-
withholding
5 558
10 480
-
-
income
12 431
6 596
-
-
total
17 989
17 076
-
-
Income
90 500
90 500
90 500
90 500
Total tax
44 191
37 711
42 391
45 999
After tax
46 309
52 789
48 109
44 501
Living cost
27 248
27 248
27 248
27 248
Free-cash
19 061
25 541
20 861
17 253

Estimated living cost  is ₴27248 per week

₴20440
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1651
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.
₴4868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44067
₴45662
₴28470
₴31535
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
114
income
-
-
-
25 472
pensions
-
-
-
13 384
health
-
-
-
4 751
surtax
-
-
-
3 982
total
-
-
-
47 703
Employee
16 885
-
76 414
-
surtax
60
-
3 383
-
unemployment
1 175
-
4 657
-
other
-
-
-
-
health
431
-
1 706
-
pensions
1 127
-
4 463
-
income
2 831
-
22 473
-
total
5 624
-
36 682
-
Employer
16 885
-
76 414
-
other
-
-
-
-
pensions
2 251
-
8 920
-
unemployment
536
-
2 121
-
health
768
-
3 045
-
total
3 555
-
14 086
-
Corporate
70 060
90 500
-
-
income
18 216
23 530
-
-
total
18 216
23 530
-
-
Dividends
51 844
66 970
-
-
withholding
7 776
10 046
-
-
total
7 776
10 046
-
-
Income
90 500
90 500
90 500
90 500
Total tax
35 171
33 576
50 768
47 703
After tax
55 329
56 924
39 732
42 797
Living cost
11 262
11 262
11 262
11 262
Free-cash
44 067
45 662
28 470
31 535

Estimated living cost  is ₴11262 per week

₴6799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴979
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3223
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32951
₴34062
₴25258
₴29324
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 365
social contributions
-
-
-
23 277
municipal
-
-
-
538
national
-
-
-
22 490
total
-
-
-
47 670
Employee
27 813
-
90 500
-
national
4 406
-
19 522
-
regional
374
-
1 217
-
municipal
147
-
480
-
social contributions
9 379
-
30 517
-
total
14 306
-
51 736
-
Employer
27 813
-
90 500
-
total
-
-
-
-
Corporate
62 687
90 500
-
-
nationa
15 045
21 720
-
-
municipal
3 115
4 498
-
-
total
18 160
26 218
-
-
Dividends
44 527
64 282
-
-
withholding
11 577
16 714
-
-
total
11 577
16 714
-
-
Income
90 500
90 500
90 500
90 500
Total tax
44 043
42 932
51 736
47 670
After tax
46 457
47 568
38 764
42 830
Living cost
13 506
13 506
13 506
13 506
Free-cash
32 951
34 062
25 258
29 324

Estimated living cost  is ₴13506 per week

₴8400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41506
₴46975
₴31983
₴35986
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 906
income
-
-
-
9 057
health
-
-
-
12 217
solidarity contribution
-
-
-
-
total
-
-
-
39 180
Employee
22 549
-
68 963
-
solidarity contribution
-
-
-
-
health
3 044
-
9 310
-
social contributions
1 466
-
3 986
-
income
2 706
-
8 350
-
total
7 216
-
21 646
-
Employer
22 549
-
68 963
-
social contributions
5 637
-
15 330
-
health
2 029
-
6 207
-
total
7 666
-
21 537
-
Corporate
60 284
90 500
-
-
income
11 454
17 195
-
-
total
11 454
17 195
-
-
Dividends
48 830
73 305
-
-
withholding
7 324
10 996
-
-
total
7 324
10 996
-
-
Income
90 500
90 500
90 500
90 500
Total tax
33 660
28 191
43 183
39 180
After tax
56 840
62 309
47 317
51 320
Living cost
15 334
15 334
15 334
15 334
Free-cash
41 506
46 975
31 983
35 986

Estimated living cost  is ₴15334 per week

₴11403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2816
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33863
₴34110
₴7992
₴30558
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
362
unemployment
-
-
-
3 075
income
-
-
-
25 192
pensions
-
-
-
10 836
health
-
-
-
4 481
surtax
-
-
-
-
total
-
-
-
43 946
Employee
21 917
19 981
72 617
-
unemployment
657
599
1 757
-
other
219
200
586
-
health
848
774
2 266
-
pensions
2 245
2 046
5 998
-
income
1 952
1 474
20 345
-
total
5 921
5 093
30 952
-
Employer
21 917
19 981
72 617
-
payroll
657
599
2 179
-
other
1 041
949
3 329
-
accident
284
260
761
-
pensions
2 751
2 508
7 351
-
unemployment
657
599
1 757
-
chamber of commerce
88
80
290
-
surtax
-
-
-
-
health
829
755
2 214
-
total
6 307
5 750
17 881
-
Corporate
62 275
64 768
70 715
-
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.

15 569
16 192
17 679
-
total
15 569
16 192
17 679
-
Dividends
46 706
48 576
-
-
withholding
12 844
13 359
-
-
total
12 844
13 359
-
-
Income
90 500
90 500
90 500
90 500
Total tax
40 641
40 394
66 512
43 946
After tax
49 859
50 106
23 988
46 554
Living cost
15 996
15 996
15 996
15 996
Free-cash
33 863
34 110
7 992
30 558

Estimated living cost  is ₴15996 per week

₴9596
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1634
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴78388
₴79586
₴66011
₴83206
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 987
-
90 500
-
income
1 597
-
18 100
-
total
1 597
-
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%.

82 513
90 500
-
-
total
-
-
-
-
Dividends
82 513
90 500
-
-
withholding
4 126
4 525
-
-
total
4 126
4 525
-
-
Income
90 500
90 500
90 500
90 500
Total tax
5 723
4 525
18 100
905
After tax
84 777
85 975
72 400
89 595
Living cost
6 389
6 389
6 389
6 389
Free-cash
78 388
79 586
66 011
83 206

Estimated living cost  is ₴6389 per week

₴4324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44669
₴48862
₴28245
₴30642
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
136
income
-
-
-
20 841
pensions
-
-
-
16 527
health
-
-
-
8 906
total
-
-
-
46 410
Employee

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

22 172
-
78 308
-
unemployment
31
-
109
-
health
1 432
-
5 058
-
pensions
3 437
-
12 138
-
income
3 823
-
19 309
-
total
8 723
-
36 614
-
Employer

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

22 172
-
78 308
-
pensions
1 962
-
6 931
-
unemployment
13
-
47
-
health
1 477
-
5 215
-
total
3 452
-
12 193
-
Corporate
64 876
90 500
-
-
income
12 326
17 195
-
-
total
12 326
17 195
-
-
Dividends
52 550
73 305
-
-
withholding
7 882
10 995
-
-
total
7 882
10 995
-
-
Income
90 500
90 500
90 500
90 500
Total tax
32 383
28 190
48 807
46 410
After tax
58 117
62 310
41 693
44 090
Living cost
13 448
13 448
13 448
13 448
Free-cash
44 669
48 862
28 245
30 642

Estimated living cost  is ₴13448 per week

₴9229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴862
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3097
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10351
₴33794
₴62751
₴41277
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 317
income
-
-
-
17 640
total
-
-
-
27 957
Employee
30 492
-
-
-
social contributions
2 500
-
356
-
income
6 726
-
-
-
total
9 226
-
356
-
Employer
30 492
-
-
-
social contributions
42 994
-
6 127
-
total
42 994
-
6 127
-
Corporate
17 014
90 500
-
-
income
3 743
19 910
-
-
total
3 743
19 910
-
-
Dividends
13 271
70 590
-
-
income
2 920
15 530
-
-
total
2 920
15 530
-
-
Income
90 500
90 500
90 500
90 500
Total tax
58 883
35 440
6 483
27 957
After tax
31 617
55 060
84 017
62 543
Living cost
21 266
21 266
21 266
21 266
Free-cash
10 351
33 794
62 751
41 277

Estimated living cost  is ₴21266 per week

₴13798
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5197
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35244
₴35750
₴25739
₴32600
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
31 448
income
-
-
-
10 725
surtax
-
-
-
-
total
-
-
-
42 173
Employee
23 060
-
73 132
-
surtax
-
-
-
-
social contributions
2 537
-
8 045
-
income
4 797
-
23 621
-
total
7 334
-
31 666
-
Employer
23 060
-
73 132
-
social contributions
5 477
-
17 368
-
total
5 477
-
17 368
-
Corporate
61 963
90 500
-
-
income
13 012
19 005
-
-
surtax
-
-
-
-
total
13 012
19 005
-
-
Dividends
48 951
71 495
-
-
withholding
13 706
20 018
-
-
total
13 706
20 018
-
-
Income
90 500
90 500
90 500
90 500
Total tax
39 529
39 023
49 034
42 173
After tax
50 971
51 477
41 466
48 327
Living cost
15 727
15 727
15 727
15 727
Free-cash
35 244
35 750
25 739
32 600

Estimated living cost  is ₴15727 per week

₴11767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴928
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2770
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24844
₴21396
₴25265
₴26748
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 806
social contributions
-
-
-
2 579
income
-
-
-
14 328
pensions
-
-
-
15 929
health
-
-
-
3 894
surtax
-
-
-
-
total
-
-
-
39 536
Employee
31 403
-
70 004
-
surtax
-
-
-
-
pensions
3 552
-
4 883
-
social contributions
894
-
1 994
-
income
2 740
-
13 648
-
total
7 186
-
20 525
-
Employer
31 403
-
70 004
-
other
1 084
-
2 737
-
pensions
5 160
-
8 217
-
unemployment
1 272
-
2 835
-
social contributions
94
-
210
-
health
2 198
-
6 495
-
total
9 808
-
20 494
-
Corporate
49 289
90 500
-
-
income
13 801
25 340
-
-
surtax
-
-
-
-
total
13 801
25 340
-
-
Dividends
35 488
65 160
-
-
withholding
4 542
8 341
-
-
social contributions
6 103
11 207
-
-
surtax
-
-
-
-
total
10 645
19 548
-
-
Income
90 500
90 500
90 500
90 500
Total tax
41 440
44 888
41 019
39 536
After tax
49 060
45 612
49 481
50 964
Living cost
24 216
24 216
24 216
24 216
Free-cash
24 844
21 396
25 265
26 748

Estimated living cost  is ₴24216 per week

₴16389
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5514
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64693
₴66378
₴53909
₴51504
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 014
social contributions
-
-
-
19 910
total
-
-
-
23 924
Employee
16 119
-
78 354
-
social contributions
1 048
-
5 092
-
income
-
-
4 282
-
total
1 048
-
9 374
-
Employer
16 119
-
78 354
-
social contributions
2 499
-
12 145
-
total
2 499
-
12 145
-
Corporate
71 882
90 500
-
-
income
7 188
9 050
-
-
total
7 188
9 050
-
-
Dividends
64 694
81 450
-
-
total
-
-
-
-
Income
90 500
90 500
90 500
90 500
Total tax
10 735
9 050
21 519
23 924
After tax
79 765
81 450
68 981
66 576
Living cost
15 072
15 072
15 072
15 072
Free-cash
64 693
66 378
53 909
51 504

Estimated living cost  is ₴15072 per week

₴9745
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1136
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.
₴3907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
-₴18597
-₴18597
-₴18597
₴29127
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
434
municipal
-
-
-
18 920
labour market
-
-
-
7 205
national
-
-
-
10 699
total
-
-
-
37 258
Employee
101 783
101 783
101 783
-
national
12 435
12 435
12 435
-
municipal
21 674
21 674
21 674
-
labour market
8 131
8 131
8 131
-
pensions
145
145
145
-
total
42 385
42 385
42 385
-
Employer
101 783
101 783
101 783
-
municipal
21 709
21 709
21 709
-
pensions
289
289
289
-
national
12 456
12 456
12 456
-
labour market
8 143
8 143
8 143
-
total
42 597
42 597
42 597
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
90 500
90 500
90 500
90 500
Total tax
84 982
84 982
84 982
37 258
After tax
5 518
5 518
5 518
53 242
Living cost
24 115
24 115
24 115
24 115
Free-cash
-18 597
-18 597
-18 597
29 127

Estimated living cost  is ₴24115 per week

₴16504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2133
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5628
-₴3774
₴38063
₴50761
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
25 067
pensions
-
-
-
2 132
accident
-
-
-
129
health
-
-
-
1 117
total
-
-
-
28 635
Employee
17 467
-
81 498
-
health
2 000
-
9 332
-
pensions
1 967
-
3 908
-
income
2 396
-
19 091
-
total
6 363
-
32 331
-
Employer
17 467
-
81 498
-
accident
292
-
1 361
-
pensions
2 840
-
5 644
-
unemployment
428
-
1 997
-
total
3 560
-
9 002
-
Corporate
69 473
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.

62 525
81 450
-
-
total
62 525
81 450
-
-
Dividends
6 947
9 050
-
-
withholding
1 320
1 720
-
-
total
1 320
1 720
-
-
Income
90 500
90 500
90 500
90 500
Total tax
73 768
83 170
41 333
28 635
After tax
16 732
7 330
49 167
61 865
Living cost
11 104
11 104
11 104
11 104
Free-cash
5 628
-3 774
38 063
50 761

Estimated living cost  is ₴11104 per week

₴8083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴633
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2180
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38635
₴37324
₴28086
₴38804
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
16 077
national
-
-
-
15 184
health
-
-
-
1 185
total
-
-
-
32 446
Employee
26 379
-
76 134
-
national
436
-
9 153
-
unemployment
396
-
1 142
-
health
197
-
963
-
municipal
4 321
-
12 401
-
pensions
1 780
-
5 139
-
total
7 130
-
28 798
-
Employer
26 379
-
76 134
-
accident
27
-
76
-
pensions
4 577
-
13 209
-
unemployment
171
-
495
-
health
203
-
586
-
total
4 978
-
14 366
-
Corporate
59 144
90 500
-
-
income
11 829
18 100
-
-
total
11 829
18 100
-
-
Dividends

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

35 486
54 300
-
-
municipal
6 387
9 774
-
-
national
2 291
6 052
-
-
total
8 678
15 826
-
-
Income
90 500
90 500
90 500
90 500
Total tax
32 615
33 926
43 164
32 446
After tax
57 885
56 574
47 336
58 054
Living cost
19 250
19 250
19 250
19 250
Free-cash
38 635
37 324
28 086
38 804

Estimated living cost  is ₴19250 per week

₴12574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1852
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51676
₴54403
₴49348
₴50140
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 112
income
-
-
-
18 332
health
-
-
-
2 307
total
-
-
-
28 751
Employee
38 554
38 554
84 619
-
health
299
656
1 439
-
social contributions
1 458
3 200
4 316
-
income
4 198
3 569
17 907
-
total
5 955
7 425
23 662
-
Employer
38 554
38 554
84 619
-
social contributions
1 458
3 200
4 316
-
health
324
714
1 565
-
total
1 782
3 914
5 881
-
Corporate
71 155
48 032
-
-
income
8 894
6 004
-
-
total
8 894
6 004
-
-
Dividends
62 261
42 028
-
-
withholding
10 584
7 145
-
-
total
10 584
7 145
-
-
Income
90 500
90 500
90 500
90 500
Total tax
27 215
24 488
29 543
28 751
After tax
63 285
66 012
60 957
61 749
Living cost
11 609
11 609
11 609
11 609
Free-cash
51 676
54 403
49 348
50 140

Estimated living cost  is ₴11609 per week

₴6957
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1139
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.
₴3256
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64431
₴66982
₴58237
₴68296
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
14
income
-
-
-
9 226
pensions
-
-
-
3 189
health
-
-
-
1 814
total
-
-
-
14 243
Employee

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

11 509
-
85 600
-
unemployment
57
-
238
-
health
978
-
4 044
-
pensions
1 726
-
7 136
-
income
787
-
7 983
-
total
3 548
-
19 401
-
Employer

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

11 509
-
85 600
-
pensions
633
-
2 617
-
unemployment
57
-
238
-
health
495
-
2 046
-
total
1 185
-
4 901
-
Corporate
77 807
90 500
-
-
income
7 003
8 145
-
-
total
7 003
8 145
-
-
Dividends
70 804
82 355
-
-
withholding
6 372
7 412
-
-
total
6 372
7 412
-
-
Income
90 500
90 500
90 500
90 500
Total tax
18 108
15 557
24 302
14 243
After tax
72 392
74 943
66 198
76 257
Living cost
7 961
7 961
7 961
7 961
Free-cash
64 431
66 982
58 237
68 296

Estimated living cost  is ₴7961 per week

₴5079
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
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.
₴2070
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44296
₴46510
₴34871
₴36976
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
325
income
-
-
-
25 794
pensions
-
-
-
13 151
accident
-
-
-
419
total
-
-
-
39 736
Employee
18 539
-
75 684
-
unemployment
287
-
720
-
other
18
-
47
-
pensions
872
-
2 185
-
income
3 574
-
24 073
-
total
4 751
-
27 025
-
Employer
18 539
-
75 684
-
other
148
-
372
-
accident
367
-
920
-
pensions
4 375
-
10 968
-
unemployment
1 020
-
2 556
-
total
5 910
-
14 816
-
Corporate
66 050
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.

9 908
13 575
-
-
total
9 908
13 575
-
-
Dividends
56 142
76 925
-
-
withholding
11 847
16 627
-
-
total
11 847
16 627
-
-
Income
90 500
90 500
90 500
90 500
Total tax
32 416
30 202
41 841
39 736
After tax
58 084
60 298
48 659
50 764
Living cost
13 788
13 788
13 788
13 788
Free-cash
44 296
46 510
34 871
36 976

Estimated living cost  is ₴13788 per week

₴9306
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2914
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55363
₴55520
₴57246
₴57315
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
31 036
pensions
-
-
-
694
health
-
-
-
503
total
-
-
-
32 233
Employee
1 450
-
89 719
-
unemployment
15
-
35
-
health
73
-
174
-
pensions
130
-
312
-
income
280
-
31 000
-
total
498
-
31 521
-
Employer
1 450
-
89 719
-
pensions
160
-
382
-
unemployment
29
-
69
-
health
138
-
330
-
total
327
-
781
-
Corporate
88 724
90 500
-
-
income
19 519
19 910
-
-
total
19 519
19 910
-
-
Dividends
69 204
70 590
-
-
withholding
13 841
14 118
-
-
total
13 841
14 118
-
-
Income
90 500
90 500
90 500
90 500
Total tax
34 185
34 028
32 302
32 233
After tax
56 315
56 472
58 198
58 267
Living cost
952
952
952
952
Free-cash
55 363
55 520
57 246
57 315

Estimated living cost  is ₴952 per week

₴566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴54268
₴56730
₴47328
₴47327
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
555
income
-
-
-
20 534
pensions
-
-
-
9 618
health
-
-
-
3 810
total
-
-
-
34 517
Employee

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

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

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

13 053
-
83 878
-
unemployment
98
-
277
-
health
672
-
1 905
-
pensions
1 827
-
5 179
-
income
1 799
-
20 534
-
total
4 396
-
27 895
-
Employer

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

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

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

13 053
-
83 878
-
pensions
1 566
-
4 439
-
unemployment
98
-
277
-
health
672
-
1 905
-
total
2 336
-
6 621
-
Corporate
75 110
90 500
-
-
income
11 267
13 575
-
-
total
11 267
13 575
-
-
Dividends
63 844
76 925
-
-
withholding
9 577
11 539
-
-
total
9 577
11 539
-
-
Income
90 500
90 500
90 500
90 500
Total tax
27 576
25 114
34 516
34 517
After tax
62 924
65 386
55 984
55 983
Living cost
8 656
8 656
8 656
8 656
Free-cash
54 268
56 730
47 328
47 327

Estimated living cost  is ₴8656 per week

₴5828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1908
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37779
₴37960
₴27949
₴34810
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
31 448
income
-
-
-
10 725
surtax
-
-
-
-
total
-
-
-
42 173
Employee
19 460
-
73 132
-
surtax
-
-
-
-
social contributions
2 141
-
8 045
-
income
3 802
-
23 621
-
total
5 943
-
31 666
-
Employer
19 460
-
73 132
-
social contributions
4 621
-
17 368
-
total
4 621
-
17 368
-
Corporate
66 419
90 500
-
-
income
13 948
19 005
-
-
surtax
-
-
-
-
total
13 948
19 005
-
-
Dividends
52 471
71 495
-
-
withholding
14 692
20 018
-
-
total
14 692
20 018
-
-
Income
90 500
90 500
90 500
90 500
Total tax
39 204
39 023
49 034
42 173
After tax
51 296
51 477
41 466
48 327
Living cost
13 517
13 517
13 517
13 517
Free-cash
37 779
37 960
27 949
34 810

Estimated living cost  is ₴13517 per week

₴9574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴939
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.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴39394
₴42677
₴31038
₴33143
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
325
income
-
-
-
25 794
pensions
-
-
-
13 151
accident
-
-
-
419
total
-
-
-
39 736
Employee
24 215
-
75 684
-
unemployment
375
-
720
-
other
24
-
47
-
pensions
1 138
-
2 185
-
income
5 058
-
24 073
-
total
6 595
-
27 025
-
Employer
24 215
-
75 684
-
other
194
-
372
-
accident
480
-
920
-
pensions
5 715
-
10 968
-
unemployment
1 332
-
2 556
-
total
7 721
-
14 816
-
Corporate
58 565
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.

8 785
13 575
-
-
total
8 785
13 575
-
-
Dividends
49 780
76 925
-
-
withholding
10 384
16 627
-
-
total
10 384
16 627
-
-
Income
90 500
90 500
90 500
90 500
Total tax
33 485
30 202
41 841
39 736
After tax
57 015
60 298
48 659
50 764
Living cost
17 621
17 621
17 621
17 621
Free-cash
39 394
42 677
31 038
33 143

Estimated living cost  is ₴17621 per week

₴12655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65694
₴68752
₴67193
₴63623
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
70
income
-
-
-
13 575
pensions

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

-
-
-
2 592
health
-
-
-
2 014
total
-
-
-
18 251
Employee
11 422
-
87 064
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
health
525
-
806
-
pensions

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

1 003
-
1 538
-
income
1 142
-
8 707
-
total
2 796
-
11 244
-
Employer
11 422
-
87 064
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
pensions

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

1 259
-
1 930
-
unemployment
69
-
105
-
health
788
-
1 209
-
total
2 242
-
3 437
-
Corporate
76 837
90 500
-
-
income
7 684
9 050
-
-
total
7 684
9 050
-
-
Dividends
69 153
81 450
-
-
withholding
3 458
4 072
-
-
total
3 458
4 072
-
-
Income
90 500
90 500
90 500
90 500
Total tax
16 180
13 122
14 681
18 251
After tax
74 320
77 378
75 819
72 249
Living cost
8 626
8 626
8 626
8 626
Free-cash
65 694
68 752
67 193
63 623

Estimated living cost  is ₴8626 per week

₴5705
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴494
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33776
₴27216
₴37950
₴28309
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
9 641
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.

-
-
-
28 216
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.

-
-
-
3 425
surtax

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

-
-
-
1 552
total
-
-
-
42 834
Employee

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

24 947
-
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.

113
-
1 552
-
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.

3 425
-
3 425
-
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.

2 051
-
28 216
-
total
5 589
-
33 193
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 553
90 500
-
-
trade
9 407
12 987
-
-
income
9 833
13 575
-
-
surtax

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

540
747
-
-
chamber of commerce
172
208
-
-
total
19 952
27 517
-
-
Dividends
45 600
62 983
-
-
withholding
11 209
15 555
-
-
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.

617
855
-
-
total
11 826
16 410
-
-
Income
90 500
90 500
90 500
90 500
Total tax
37 367
43 927
33 193
42 834
After tax
53 133
46 573
57 307
47 666
Living cost
19 357
19 357
19 357
19 357
Free-cash
33 776
27 216
37 950
28 309

Estimated living cost  is ₴19357 per week

₴13353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2083
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3640
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35896
₴34790
₴18876
₴18876
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 150
income
-
-
-
27 913
total
-
-
-
43 063
Employee
39 220
-
90 500
-
social contributions
3 258
-
15 150
-
income
7 401
-
27 913
-
total
10 659
-
43 063
-
Employer
39 220
-
90 500
-
total
-
-
-
-
Corporate
51 280
90 500
-
-
income
6 410
11 312
-
-
total
6 410
11 312
-
-
Dividends
44 870
79 188
-
-
withholding
8 974
15 837
-
-
total
8 974
15 837
-
-
Income
90 500
90 500
90 500
90 500
Total tax
26 043
27 149
43 063
43 063
After tax
64 457
63 351
47 437
47 437
Living cost
28 561
28 561
28 561
28 561
Free-cash
35 896
34 790
18 876
18 876

Estimated living cost  is ₴28561 per week

₴21729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2327
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.
₴4232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39728
₴37975
₴46014
₴54972
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 055
income
-
-
-
14 272
total
-
-
-
17 327
Employee
23 001
-
88 194
-
social contributions
2 304
-
2 306
-
income
2 496
-
21 673
-
total
4 800
-
23 979
-
Employer
23 001
-
88 194
-
social contributions
2 304
-
2 306
-
total
2 304
-
2 306
-
Corporate
65 195
90 500
-
-
income
22 818
31 675
-
-
total
22 818
31 675
-
-
Dividends
42 376
58 825
-
-
social contributions
2 649
2 649
-
-
total
2 649
2 649
-
-
Income
90 500
90 500
90 500
90 500
Total tax
32 571
34 324
26 285
17 327
After tax
57 929
56 176
64 215
73 173
Living cost
18 201
18 201
18 201
18 201
Free-cash
39 728
37 975
46 014
54 972

Estimated living cost  is ₴18201 per week

₴11989
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1435
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4498
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43472
₴40562
₴33294
₴41464
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 283
pensions
-
-
-
4 500
total
-
-
-
30 783
Employee
25 054
-
79 021
-
health
327
-
1 130
-
pensions
1 912
-
5 506
-
income
4 563
-
20 838
-
total
6 802
-
27 474
-
Employer
25 054
-
79 021
-
pensions
2 531
-
9 978
-
health
476
-
1 501
-
total
3 007
-
11 479
-
Corporate
62 438
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.

11 863
17 195
-
-
total
11 863
17 195
-
-
Dividends
50 575
73 305
-
-
withholding
7 103
14 490
-
-
total
7 103
14 490
-
-
Income
90 500
90 500
90 500
90 500
Total tax
28 775
31 685
38 953
30 783
After tax
61 725
58 815
51 547
59 717
Living cost
18 252
18 252
18 252
18 252
Free-cash
43 472
40 562
33 294
41 464

Estimated living cost  is ₴18252 per week

₴12521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1678
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3823
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴5459
-₴4873
₴36964
₴49662
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
25 067
pensions
-
-
-
2 132
accident
-
-
-
129
health
-
-
-
1 117
total
-
-
-
28 635
Employee
19 197
-
81 498
-
health
2 198
-
9 332
-
pensions
2 162
-
3 908
-
income
2 634
-
19 091
-
total
6 994
-
32 331
-
Employer
19 197
-
81 498
-
accident
321
-
1 361
-
pensions
3 121
-
5 644
-
unemployment
470
-
1 997
-
total
3 912
-
9 002
-
Corporate
67 391
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.

60 652
81 450
-
-
total
60 652
81 450
-
-
Dividends
6 739
9 050
-
-
withholding
1 280
1 720
-
-
total
1 280
1 720
-
-
Income
90 500
90 500
90 500
90 500
Total tax
72 838
83 170
41 333
28 635
After tax
17 662
7 330
49 167
61 865
Living cost
12 203
12 203
12 203
12 203
Free-cash
5 459
-4 873
36 964
49 662

Estimated living cost  is ₴12203 per week

₴8956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴711
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.
₴2290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67034
₴69381
₴57742
₴46715
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
962
income
-
-
-
14 954
pensions
-
-
-
14 758
health insurance
-
-
-
5 935
work injury
-
-
-
401
total
-
-
-
37 010
Employee

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

10 839
-
90 500
-
health insurance
802
-
2 968
-
unemployment
130
-
481
-
work injury
54
-
201
-
pensions
1 994
-
7 379
-
income
1 084
-
14 954
-
total
4 064
-
25 983
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
79 661
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%.

797
905
-
-
total
797
905
-
-
Dividends
78 864
89 595
-
-
withholding
11 830
13 439
-
-
total
11 830
13 439
-
-
Income
90 500
90 500
90 500
90 500
Total tax
16 691
14 344
25 983
37 010
After tax
73 809
76 156
64 517
53 490
Living cost
6 775
6 775
6 775
6 775
Free-cash
67 034
69 381
57 742
46 715

Estimated living cost  is ₴6775 per week

₴4197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
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.
₴1874
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25414
₴27695
₴18106
₴22078
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
2 076
social contributions
-
-
-
23 277
municipal
-
-
-
605
national
-
-
-
22 490
total
-
-
-
48 448
Employee
42 250
-
90 500
-
national
7 140
-
19 522
-
regional
638
-
1 842
-
municipal
252
-
539
-
social contributions
14 247
-
30 517
-
total
22 277
-
52 420
-
Employer
42 250
-
90 500
-
total
-
-
-
-
Corporate
48 250
90 500
-
-
nationa
11 580
21 720
-
-
municipal
2 325
4 363
-
-
total
13 905
26 083
-
-
Dividends
34 345
64 417
-
-
withholding
8 930
16 748
-
-
total
8 930
16 748
-
-
Income
90 500
90 500
90 500
90 500
Total tax
45 112
42 831
52 420
48 448
After tax
45 388
47 669
38 080
42 052
Living cost
19 974
19 974
19 974
19 974
Free-cash
25 414
27 695
18 106
22 078

Estimated living cost  is ₴19974 per week

₴14031
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1374
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4267
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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