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
₴ 91500
per

Your estimated
City
free-cash

Dresden , Germany
₴42515
₴30664
₴31847
₴36319
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
91 500
health

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

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

-
-
-
3 492
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.

-
-
-
28 446
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.

-
-
-
1 565
trade
-
-
-
10 668
total
-
-
-
44 171
Employee

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

19 550
-
91 500
-
surtax

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

30
-
1 565
-
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.

546
-
28 446
-
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.

3 492
-
3 492
-
total
4 068
-
33 503
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 950
91 500
-
-
chamber of commerce
181
210
-
-
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.

594
755
-
-
trade
11 332
14 411
-
-
income
10 792
13 725
-
-
total
22 899
29 101
-
-
Dividends
49 050
62 399
-
-
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.

663
848
-
-
withholding
12 069
15 405
-
-
total
12 732
16 253
-
-
Income
91 500
91 500
91 500
91 500
Total tax
39 699
45 354
33 503
44 171
After tax
51 801
46 146
57 997
47 329
Living cost
15 482
15 482
15 482
15 482
Free-cash
36 319
30 664
42 515
31 847

Estimated living cost  is ₴15482 per week

₴9739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1805
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27774
₴30252
₴27168
₴29805
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
social contributions
-
-
-
984
pensions
-
-
-
10 980
national
-
-
-
15 513
municipal
-
-
-
10 011
total
-
-
-
37 488
Employee
41 613
-
79 101
-
municipal
5 140
-
10 365
-
national
7 965
-
16 175
-
pensions
1 665
-
3 164
-
total
14 770
-
29 704
-
Employer
41 613
-
79 101
-
pensions
3 329
-
6 328
-
social contributions
447
-
850
-
total
3 776
-
7 178
-
Corporate
43 364
91 500
-
-
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%.

8 673
18 300
-
-
total
8 673
18 300
-
-
Dividends
34 692
73 200
-
-
withholding
7 632
16 104
-
-
total
7 632
16 104
-
-
Income
91 500
91 500
91 500
91 500
Total tax
34 851
34 404
36 882
37 488
After tax
56 649
57 096
54 618
54 012
Living cost
26 844
26 844
26 844
26 844
Free-cash
29 805
30 252
27 774
27 168

Estimated living cost  is ₴26844 per week

₴18245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2495
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴402
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5701
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27912
₴62566
₴21067
₴58373
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
91 500
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.

-
-
-
19 584
income
-
-
-
16 883
surtax
-
-
-
23 332
microenterprise
-
-
-
-
total
-
-
-
59 799
Employee
14 936
-
69 212
-
surtax
-
-
10 035
-
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.

1 643
-
6 701
-
income
2 659
-
13 930
-
total
4 302
-
30 666
-
Employer
14 936
-
69 212
-
surtax
-
-
7 613
-
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.

3 598
-
14 675
-
total
3 598
-
22 288
-
Corporate
72 966
91 500
-
-
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%.

14 593
18 300
-
-
total
14 593
18 300
-
-
Dividends

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

58 373
73 200
-
-
total
-
-
-
-
Income
91 500
91 500
91 500
91 500
Total tax
22 493
18 300
52 954
59 799
After tax
69 007
73 200
38 546
31 701
Living cost
10 634
10 634
10 634
10 634
Free-cash
58 373
62 566
27 912
21 067

Estimated living cost  is ₴10634 per week

₴6784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1013
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.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35913
₴23910
₴29001
₴20778
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
health
-
-
-
6 303
income
-
-
-
28 795
pensions
-
-
-
5 989
total
-
-
-
41 087
Employee
43 649
43 649
82 001
-
income

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

7 145
7 145
12 384
-
pensions
7 857
5 989
5 989
-
health
6 700
5 699
6 303
-
total
21 702
18 833
24 676
-
Employer
43 649
43 649
82 001
-
unemployment
1 571
1 571
1 953
-
health
3 034
3 034
3 770
-
pensions
3 038
3 038
3 776
-
total
7 643
7 643
9 499
-
Corporate
40 743
40 207
-
-
income
8 149
8 041
-
-
total
8 149
8 041
-
-
Dividends
32 594
32 166
-
-
income
6 927
6 836
-
-
withholding
4 889
4 825
-
-
total
11 816
11 661
-
-
Income
91 500
91 500
91 500
91 500
Total tax
49 310
46 178
34 175
41 087
After tax
42 190
45 322
57 325
50 413
Living cost
21 412
21 412
21 412
21 412
Free-cash
20 778
23 910
35 913
29 001

Estimated living cost  is ₴21412 per week

₴15174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25494
₴28883
₴26005
₴28410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
other
-
-
-
5 367
health
-
-
-
2 882
accident
-
-
-
92
pensions
-
-
-
4 993
national
-
-
-
7 744
unemployment
-
-
-
46
municipal
-
-
-
23 295
total
-
-
-
44 419
Employee
30 031
-
76 987
-
municipal
8 955
-
22 957
-
national
-
-
7 461
-
total
8 955
-
30 418
-
Employer
30 031
-
76 987
-
other
3 490
-
5 367
-
unemployment
793
-
1 219
-
health
1 847
-
2 841
-
accident
60
-
92
-
pensions
3 246
-
4 993
-
total
9 436
-
14 512
-
Corporate
52 033
91 500
-
-
income
11 447
20 130
-
-
total
11 447
20 130
-
-
Dividends
40 586
71 370
-
-
withholding
12 176
21 411
-
-
total
12 176
21 411
-
-
Income
91 500
91 500
91 500
91 500
Total tax
42 014
41 541
44 930
44 419
After tax
49 486
49 959
46 570
47 081
Living cost
21 076
21 076
21 076
21 076
Free-cash
28 410
28 883
25 494
26 005

Estimated living cost  is ₴21076 per week

₴13968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2068
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4720
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37917
₴25597
₴26775
₴32777
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
91 500
health

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

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

-
-
-
3 492
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.

-
-
-
28 446
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.

-
-
-
1 565
trade
-
-
-
11 142
total
-
-
-
44 645
Employee

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

25 921
-
91 500
-
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.

122
-
1 565
-
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.

2 227
-
28 446
-
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.

3 492
-
3 492
-
total
5 841
-
33 503
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 579
91 500
-
-
chamber of commerce
171
208
-
-
surtax

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

541
755
-
-
trade
10 788
15 051
-
-
income
9 837
13 725
-
-
total
21 337
29 739
-
-
Dividends
44 242
61 761
-
-
surtax

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

598
838
-
-
withholding
10 867
15 246
-
-
total
11 465
16 084
-
-
Income
91 500
91 500
91 500
91 500
Total tax
38 643
45 823
33 503
44 645
After tax
52 857
45 677
57 997
46 855
Living cost
20 080
20 080
20 080
20 080
Free-cash
32 777
25 597
37 917
26 775

Estimated living cost  is ₴20080 per week

₴13429
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2117
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45087
₴50167
₴45888
₴48046
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
social contributions
-
-
-
8 270
health
-
-
-
2 333
income
-
-
-
18 430
total
-
-
-
29 033
Employee
39 304
39 304
85 518
-
social contributions
1 910
3 262
4 400
-
income
4 127
3 638
17 998
-
health
391
668
1 454
-
total
6 428
7 568
23 852
-
Employer
39 304
39 304
85 518
-
health
426
727
1 582
-
social contributions
1 910
3 262
4 400
-
total
2 336
3 989
5 982
-
Corporate
66 157
48 206
-
-
income
8 270
6 026
-
-
total
8 270
6 026
-
-
Dividends
57 887
42 181
-
-
withholding
9 841
7 171
-
-
total
9 841
7 171
-
-
Income
91 500
91 500
91 500
91 500
Total tax
26 875
24 754
29 834
29 033
After tax
64 625
66 746
61 666
62 467
Living cost
16 579
16 579
16 579
16 579
Free-cash
48 046
50 167
45 087
45 888

Estimated living cost  is ₴16579 per week

₴11333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1295
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3672
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43458
₴41818
₴53803
₴42018
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
health
-
-
-
6 405
income
-
-
-
11 186
pensions
-
-
-
9 150
unemployment
-
-
-
1 372
total
-
-
-
28 113
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.

13 835
5 506
76 569
-
income
1 691
673
9 361
-
pensions
1 384
551
7 657
-
health
968
385
5 360
-
unemployment
208
83
1 149
-
total
4 251
1 692
23 527
-
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.

13 835
5 506
76 569
-
pensions
2 698
1 074
14 931
-
total
2 698
1 074
14 931
-
Corporate
74 967
84 920
-
-
income
6 747
7 643
-
-
total
6 747
7 643
-
-
Dividends
68 220
77 277
-
-
social contributions
13 240
15 006
-
-
withholding
12 962
14 683
-
-
total
26 202
29 689
-
-
Income
91 500
91 500
91 500
91 500
Total tax
39 898
40 098
38 458
28 113
After tax
51 602
51 402
53 042
63 387
Living cost
9 584
9 584
9 584
9 584
Free-cash
42 018
41 818
43 458
53 803

Estimated living cost  is ₴9584 per week

₴6541
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴784
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴192
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2068
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40393
₴60854
₴36698
₴57679
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
health
-
-
-
11 895
income
-
-
-
12 261
pensions
-
-
-
18 300
total
-
-
-
42 456
Employee
14 500
-
68 386
-
income
1 632
-
13 185
-
pensions
290
-
1 368
-
unemployment
232
-
1 094
-
total
2 154
-
15 647
-
Employer
14 500
-
68 386
-
unemployment
116
-
547
-
health
1 885
-
8 890
-
pensions
2 900
-
13 677
-
total
4 901
-
23 114
-
Corporate
72 098
91 500
-
-
income
14 420
18 300
-
-
total
14 420
18 300
-
-
Dividends
57 679
73 200
-
-
total
-
-
-
-
Income
91 500
91 500
91 500
91 500
Total tax
21 475
18 300
38 761
42 456
After tax
70 025
73 200
52 739
49 044
Living cost
12 346
12 346
12 346
12 346
Free-cash
57 679
60 854
40 393
36 698

Estimated living cost  is ₴12346 per week

₴8468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴735
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.
₴2894
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38408
-₴3911
₴51225
₴5677
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
other
-
-
-
191
health
-
-
-
1 122
accident
-
-
-
130
income
-
-
-
25 369
pensions
-
-
-
2 141
total
-
-
-
28 953
Employee
17 810
-
82 434
-
income
2 443
-
19 338
-
pensions
2 005
-
3 926
-
health
2 039
-
9 439
-
total
6 487
-
32 703
-
Employer
17 810
-
82 434
-
unemployment
436
-
2 020
-
accident
297
-
1 377
-
pensions
2 896
-
5 670
-
total
3 629
-
9 067
-
Corporate
70 060
91 500
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

63 054
82 350
-
-
total
63 054
82 350
-
-
Dividends
7 006
9 150
-
-
withholding
1 331
1 739
-
-
total
1 331
1 739
-
-
Income
91 500
91 500
91 500
91 500
Total tax
74 501
84 089
41 770
28 953
After tax
16 999
7 411
49 730
62 547
Living cost
11 322
11 322
11 322
11 322
Free-cash
5 677
-3 911
38 408
51 225

Estimated living cost  is ₴11322 per week

₴8298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴627
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2161
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68934
₴82659
₴86319
₴81860
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
91 500
microenterprise

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

-
-
-
915
total
-
-
-
915
Employee
5 332
-
91 500
-
income
1 066
-
18 300
-
total
1 066
-
18 300
-
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%.

86 168
91 500
-
-
total
-
-
-
-
Dividends
86 168
91 500
-
-
withholding
4 308
4 575
-
-
total
4 308
4 575
-
-
Income
91 500
91 500
91 500
91 500
Total tax
5 374
4 575
18 300
915
After tax
86 126
86 925
73 200
90 585
Living cost
4 266
4 266
4 266
4 266
Free-cash
81 860
82 659
68 934
86 319

Estimated living cost  is ₴4266 per week

₴2644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38204
₴53606
₴37843
₴50155
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
other
-
-
-
3 692
health
-
-
-
3 420
income
-
-
-
14 270
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.

-
-
-
18 655
total
-
-
-
40 037
Employee
18 559
-
73 084
-
income
3 195
-
14 391
-
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.

1 299
-
5 116
-
health
260
-
1 023
-
unemployment
185
-
730
-
total
4 939
-
21 260
-
Employer
18 559
-
73 084
-
other
928
-
3 654
-
unemployment
185
-
730
-
health
260
-
1 023
-
accident
148
-
585
-
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.

3 155
-
12 424
-
total
4 676
-
18 416
-
Corporate
68 264
91 500
-
-
income
14 335
19 215
-
-
total
14 335
19 215
-
-
Dividends
53 928
72 285
-
-
withholding
3 775
5 059
-
-
total
3 775
5 059
-
-
Income
91 500
91 500
91 500
91 500
Total tax
27 725
24 274
39 676
40 037
After tax
63 775
67 226
51 824
51 463
Living cost
13 620
13 620
13 620
13 620
Free-cash
50 155
53 606
38 204
37 843

Estimated living cost  is ₴13620 per week

₴9623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18434
₴25839
₴26703
₴27833
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
income
-
-
-
26 418
pensions
-
-
-
4 595
total
-
-
-
31 013
Employee
47 799
-
79 907
-
income
8 616
-
20 906
-
health
788
-
1 148
-
pensions
4 611
-
5 634
-
total
14 015
-
27 688
-
Employer
47 799
-
79 907
-
health
908
-
1 519
-
pensions
5 644
-
10 075
-
total
6 552
-
11 594
-
Corporate
37 150
91 500
-
-
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.

7 059
17 385
-
-
total
7 059
17 385
-
-
Dividends
30 091
74 115
-
-
withholding
2 257
14 492
-
-
total
2 257
14 492
-
-
Income
91 500
91 500
91 500
91 500
Total tax
29 883
31 877
39 282
31 013
After tax
61 617
59 623
52 218
60 487
Living cost
33 784
33 784
33 784
33 784
Free-cash
27 833
25 839
18 434
26 703

Estimated living cost  is ₴33784 per week

₴25315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3969
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴70019
₴71590
₴66407
₴69235
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
health
-
-
-
2 035
income
-
-
-
13 725
pensions

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

-
-
-
2 619
unemployment
-
-
-
71
total
-
-
-
18 450
Employee
8 797
-
88 028
-
income
880
-
8 803
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

772
-
1 554
-
health
405
-
814
-
total
2 154
-
11 366
-
Employer
8 797
-
88 028
-
unemployment
53
-
106
-
health
607
-
1 221
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

969
-
1 950
-
total
1 726
-
3 472
-
Corporate
80 977
91 500
-
-
income
8 098
9 150
-
-
total
8 098
9 150
-
-
Dividends
72 880
82 350
-
-
withholding
3 644
4 117
-
-
total
3 644
4 117
-
-
Income
91 500
91 500
91 500
91 500
Total tax
15 622
13 267
14 838
18 450
After tax
75 878
78 233
76 662
73 050
Living cost
6 643
6 643
6 643
6 643
Free-cash
69 235
71 590
70 019
66 407

Estimated living cost  is ₴6643 per week

₴3878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴474
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28981
₴16978
₴22069
₴18264
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
health
-
-
-
6 303
income
-
-
-
28 795
pensions
-
-
-
5 989
total
-
-
-
41 087
Employee
47 389
43 649
82 001
-
income

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

7 145
7 145
12 384
-
pensions
5 989
5 989
5 989
-
health
5 912
5 699
6 303
-
total
19 046
18 833
24 676
-
Employer
47 389
43 649
82 001
-
unemployment
1 706
1 571
1 953
-
health
3 293
3 034
3 770
-
pensions
3 298
3 038
3 776
-
total
8 297
7 643
9 499
-
Corporate
35 813
40 207
-
-
income
7 162
8 041
-
-
total
7 162
8 041
-
-
Dividends
28 651
32 166
-
-
income
6 089
6 836
-
-
withholding
4 298
4 825
-
-
total
10 387
11 661
-
-
Income
91 500
91 500
91 500
91 500
Total tax
44 892
46 178
34 175
41 087
After tax
46 608
45 322
57 325
50 413
Living cost
28 344
28 344
28 344
28 344
Free-cash
18 264
16 978
28 981
22 069

Estimated living cost  is ₴28344 per week

₴20908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2532
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4579
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35222
₴50399
₴39267
₴45905
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
social contributions
-
-
-
18 129
health
-
-
-
12 352
income
-
-
-
9 153
solidarity contribution
-
-
-
-
total
-
-
-
39 634
Employee
18 527
-
69 705
-
social contributions
1 204
-
4 036
-
solidarity contribution
-
-
-
-
income
2 223
-
8 439
-
health
2 501
-
9 410
-
total
5 928
-
21 885
-
Employer
18 527
-
69 705
-
health
1 667
-
6 273
-
social contributions
4 632
-
15 521
-
total
6 299
-
21 794
-
Corporate
66 673
91 500
-
-
income
12 668
17 385
-
-
total
12 668
17 385
-
-
Dividends
54 005
74 115
-
-
withholding
8 101
11 117
-
-
total
8 101
11 117
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 996
28 502
43 679
39 634
After tax
58 504
62 998
47 821
51 866
Living cost
12 599
12 599
12 599
12 599
Free-cash
45 905
50 399
35 222
39 267

Estimated living cost  is ₴12599 per week

₴8751
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴896
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.
₴2703
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17944
₴27251
₴22076
₴24582
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
social contributions
-
-
-
23 534
national
-
-
-
22 696
regional
-
-
-
1 082
municipal
-
-
-
544
total
-
-
-
47 856
Employee
45 427
-
91 500
-
social contributions
15 318
-
30 853
-
municipal
241
-
485
-
national
7 871
-
19 695
-
regional
429
-
955
-
total
23 859
-
51 988
-
Employer
45 427
-
91 500
-
total
-
-
-
-
Corporate
46 073
91 500
-
-
nationa
11 058
21 960
-
-
municipal
1 796
3 569
-
-
total
12 854
25 529
-
-
Dividends
33 219
65 972
-
-
withholding
8 637
17 152
-
-
total
8 637
17 152
-
-
Income
91 500
91 500
91 500
91 500
Total tax
45 350
42 681
51 988
47 856
After tax
46 150
48 819
39 512
43 644
Living cost
21 568
21 568
21 568
21 568
Free-cash
24 582
27 251
17 944
22 076

Estimated living cost  is ₴21568 per week

₴15035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28876
₴46274
₴32002
₴44684
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
other
-
-
-
-
health
-
-
-
4 843
income
-
-
-
25 625
pensions
-
-
-
13 644
surtax
-
-
-
3 991
unemployment
-
-
-
116
total
-
-
-
48 219
Employee
16 903
-
77 140
-
surtax
55
-
3 379
-
income
2 833
-
22 569
-
other
-
-
-
-
pensions
1 127
-
4 550
-
health
432
-
1 739
-
unemployment
1 177
-
4 748
-
total
5 624
-
36 985
-
Employer
16 903
-
77 140
-
other
-
-
-
-
unemployment
535
-
2 162
-
health
769
-
3 104
-
pensions
2 253
-
9 094
-
total
3 557
-
14 360
-
Corporate
71 039
91 500
-
-
income
18 471
23 790
-
-
total
18 471
23 790
-
-
Dividends
52 568
67 710
-
-
withholding
7 885
10 157
-
-
total
7 885
10 157
-
-
Income
91 500
91 500
91 500
91 500
Total tax
35 537
33 947
51 345
48 219
After tax
55 963
57 553
40 155
43 281
Living cost
11 279
11 279
11 279
11 279
Free-cash
44 684
46 274
28 876
32 002

Estimated living cost  is ₴11279 per week

₴6897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1041
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29138
₴36543
₴37407
₴39879
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
income
-
-
-
26 418
pensions
-
-
-
4 595
total
-
-
-
31 013
Employee
32 033
-
79 907
-
income
5 769
-
20 906
-
health
465
-
1 148
-
pensions
2 719
-
5 634
-
total
8 953
-
27 688
-
Employer
32 033
-
79 907
-
health
609
-
1 519
-
pensions
3 468
-
10 075
-
total
4 077
-
11 594
-
Corporate
55 390
91 500
-
-
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.

10 524
17 385
-
-
total
10 524
17 385
-
-
Dividends
44 866
74 115
-
-
withholding
4 987
14 492
-
-
total
4 987
14 492
-
-
Income
91 500
91 500
91 500
91 500
Total tax
28 541
31 877
39 282
31 013
After tax
62 959
59 623
52 218
60 487
Living cost
23 080
23 080
23 080
23 080
Free-cash
39 879
36 543
29 138
37 407

Estimated living cost  is ₴23080 per week

₴17291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3817
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴28936
₴839
₴33201
₴18384
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
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.

-
-
-
1 830
health
-
-
-
205
pensions
-
-
-
8 417
city
-
-
-
965
national
-
-
-
1 433
regional
-
-
-
4 447
total
-
-
-
17 297
Employee
47 982
-
81 899
-
national
227
-
1 083
-
city
515
-
879
-
pensions
4 031
-
6 879
-
health
108
-
184
-
regional
1 571
-
3 836
-
unemployment
-
-
-
-
total
6 452
-
12 861
-
Employer
47 982
-
81 899
-
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.

959
-
1 638
-
unemployment
-
-
-
-
health
108
-
184
-
pensions
4 031
-
6 879
-
total
5 098
-
8 701
-
Corporate
37 891
91 500
-
-
regional
8 014
19 352
-
-
national
3 220
7 778
-
-
total
11 234
27 130
-
-
Dividends
26 657
64 370
-
-
withholding
9 330
22 529
-
-
total
9 330
22 529
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 114
49 659
21 562
17 297
After tax
59 386
41 841
69 938
74 203
Living cost
41 002
41 002
41 002
41 002
Free-cash
18 384
839
28 936
33 201

Estimated living cost  is ₴41002 per week

₴26663
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3679
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴503
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴34581
₴21790
₴22964
₴30080
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
91 500
health

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

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

-
-
-
3 492
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.

-
-
-
28 446
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.

-
-
-
1 565
trade
-
-
-
11 617
total
-
-
-
45 120
Employee

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

30 719
-
91 500
-
surtax

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

199
-
1 565
-
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.

3 612
-
28 446
-
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.

3 492
-
3 492
-
total
7 303
-
33 503
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 781
91 500
-
-
chamber of commerce
163
207
-
-
surtax

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

501
755
-
-
trade
10 424
15 692
-
-
income
9 117
13 725
-
-
total
20 205
30 379
-
-
Dividends
40 575
61 121
-
-
surtax

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

547
829
-
-
withholding
9 949
15 086
-
-
total
10 496
15 915
-
-
Income
91 500
91 500
91 500
91 500
Total tax
38 004
46 294
33 503
45 120
After tax
53 496
45 206
57 997
46 380
Living cost
23 416
23 416
23 416
23 416
Free-cash
30 080
21 790
34 581
22 964

Estimated living cost  is ₴23416 per week

₴17102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4137
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32620
₴28628
₴34053
₴31646
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
other
-
-
-
2 836
social contributions
-
-
-
2 606
health
-
-
-
3 915
income
-
-
-
14 426
pensions
-
-
-
16 176
surtax
-
-
-
-
total
-
-
-
39 959
Employee
21 876
-
70 820
-
surtax
-
-
-
-
social contributions
624
-
2 019
-
income
1 291
-
13 770
-
pensions
2 473
-
4 923
-
total
4 388
-
20 712
-
Employer
21 876
-
70 820
-
other
755
-
2 762
-
unemployment
886
-
2 868
-
health
1 532
-
6 551
-
pensions
3 594
-
8 287
-
social contributions
66
-
212
-
total
6 833
-
20 680
-
Corporate
62 792
91 500
-
-
surtax
-
-
-
-
income
17 582
25 620
-
-
total
17 582
25 620
-
-
Dividends
45 210
65 880
-
-
social contributions
7 776
11 331
-
-
surtax
-
-
-
-
withholding
5 787
8 433
-
-
total
13 563
19 764
-
-
Income
91 500
91 500
91 500
91 500
Total tax
42 366
45 384
41 392
39 959
After tax
49 134
46 116
50 108
51 541
Living cost
17 488
17 488
17 488
17 488
Free-cash
31 646
28 628
32 620
34 053

Estimated living cost  is ₴17488 per week

₴11027
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4742
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34353
₴30361
₴35786
₴33200
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
other
-
-
-
2 836
social contributions
-
-
-
2 606
health
-
-
-
3 915
income
-
-
-
14 426
pensions
-
-
-
16 176
surtax
-
-
-
-
total
-
-
-
39 959
Employee
19 527
-
70 820
-
surtax
-
-
-
-
social contributions
557
-
2 019
-
income
1 007
-
13 770
-
pensions
2 209
-
4 923
-
total
3 773
-
20 712
-
Employer
19 527
-
70 820
-
other
674
-
2 762
-
unemployment
791
-
2 868
-
health
1 367
-
6 551
-
pensions
3 209
-
8 287
-
social contributions
58
-
212
-
total
6 099
-
20 680
-
Corporate
65 874
91 500
-
-
surtax
-
-
-
-
income
18 444
25 620
-
-
total
18 444
25 620
-
-
Dividends
47 430
65 880
-
-
social contributions
8 158
11 331
-
-
surtax
-
-
-
-
withholding
6 071
8 433
-
-
total
14 229
19 764
-
-
Income
91 500
91 500
91 500
91 500
Total tax
42 545
45 384
41 392
39 959
After tax
48 955
46 116
50 108
51 541
Living cost
15 755
15 755
15 755
15 755
Free-cash
33 200
30 361
34 353
35 786

Estimated living cost  is ₴15755 per week

₴9137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1600
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45993
₴44984
₴47923
₴45250
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
social contributions
-
-
-
12 627
health
-
-
-
6 386
income
-
-
-
13 725
total
-
-
-
32 738
Employee
17 331
-
91 500
-
social contributions
2 392
-
12 627
-
income
2 891
-
15 655
-
health
1 210
-
6 386
-
total
6 493
-
34 668
-
Employer
17 331
-
91 500
-
total
-
-
-
-
Corporate
74 169
91 500
-
-
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%.

3 708
4 575
-
-
total
3 708
4 575
-
-
Dividends
70 461
86 925
-
-
social contributions
9 723
11 996
-
-
withholding
10 569
13 039
-
-
health
4 918
6 067
-
-
total
25 210
31 102
-
-
Income
91 500
91 500
91 500
91 500
Total tax
35 411
35 677
34 668
32 738
After tax
56 089
55 823
56 832
58 762
Living cost
10 839
10 839
10 839
10 839
Free-cash
45 250
44 984
45 993
47 923

Estimated living cost  is ₴10839 per week

₴7254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2666
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6223
₴32602
₴28954
₴31812
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
health
-
-
-
4 568
income
-
-
-
25 318
chamber of commerce
-
-
-
366
pensions
-
-
-
11 047
surtax
-
-
-
101
unemployment
-
-
-
3 135
total
-
-
-
44 535
Employee
25 545
20 370
73 227
-
income
2 908
1 503
20 355
-
other
255
204
598
-
pensions
2 616
2 085
6 115
-
health
988
789
2 311
-
unemployment
766
611
1 792
-
total
7 533
5 192
31 171
-
Employer
25 545
20 370
73 227
-
other
1 213
967
3 363
-
unemployment
766
611
1 792
-
health
965
770
2 257
-
surtax
101
101
101
-
accident
332
265
776
-
pensions
3 206
2 557
7 494
-
payroll
766
611
2 197
-
chamber of commerce
102
81
293
-
total
7 451
5 963
18 273
-
Corporate
58 504
65 167
71 287
-
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.

14 626
16 292
17 822
-
total
14 626
16 292
17 822
-
Dividends
43 878
48 875
-
-
withholding
12 067
13 440
-
-
total
12 067
13 440
-
-
Income
91 500
91 500
91 500
91 500
Total tax
41 677
40 887
67 266
44 535
After tax
49 823
50 613
24 234
46 965
Living cost
18 011
18 011
18 011
18 011
Free-cash
31 812
32 602
6 223
28 954

Estimated living cost  is ₴18011 per week

₴12012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1536
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13495
₴32533
₴21040
₴24867
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
social contributions
-
-
-
12 744
communal

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

-
-
-
4 726
national
-
-
-
34 353
total
-
-
-
51 823
Employee

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

36 562
-
70 869
-
national
11 241
-
25 777
-
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.

2 742
-
5 316
-
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.

1 718
-
3 331
-
communal

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

1 907
-
3 697
-
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.

318
-
617
-
total
17 926
-
38 738
-
Employer

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

36 562
-
70 869
-
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.

533
-
1 035
-
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.

2 248
-
4 358
-
surtax
4 146
-
8 037
-
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.

475
-
921
-
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.

3 240
-
6 279
-
total
10 642
-
20 630
-
Corporate
44 295
91 500
-
-
surtax
178
366
-
-
income
8 859
18 300
-
-
total
9 037
18 666
-
-
Dividends
35 259
72 835
-
-
withholding

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

10 391
21 664
-
-
total
10 391
21 664
-
-
Income
91 500
91 500
91 500
91 500
Total tax
47 996
40 330
59 368
51 823
After tax
43 504
51 170
32 132
39 677
Living cost
18 637
18 637
18 637
18 637
Free-cash
24 867
32 533
13 495
21 040

Estimated living cost  is ₴18637 per week

₴12005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1630
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.
₴4711
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30730
₴42514
₴32874
₴39013
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
other
-
-
-
48
accident
-
-
-
427
income
-
-
-
25 953
pensions
-
-
-
13 407
unemployment
-
-
-
332
total
-
-
-
40 167
Employee
25 443
-
76 396
-
income
5 368
-
24 199
-
other
25
-
48
-
pensions
1 196
-
2 227
-
unemployment
395
-
734
-
total
6 984
-
27 208
-
Employer
25 443
-
76 396
-
other
203
-
379
-
unemployment
1 400
-
2 605
-
accident
503
-
938
-
pensions
6 004
-
11 181
-
total
8 110
-
15 103
-
Corporate
57 947
91 500
-
-
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.

8 692
13 725
-
-
total
8 692
13 725
-
-
Dividends
49 255
77 775
-
-
withholding
10 242
16 802
-
-
total
10 242
16 802
-
-
Income
91 500
91 500
91 500
91 500
Total tax
34 028
30 527
42 311
40 167
After tax
57 472
60 973
49 189
51 333
Living cost
18 459
18 459
18 459
18 459
Free-cash
39 013
42 514
30 730
32 874

Estimated living cost  is ₴18459 per week

₴13593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1309
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20944
₴25648
₴17296
₴19071
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
health
-
-
-
6 429
accident
-
-
-
771
income
-
-
-
15 192
pensions
-
-
-
13 715
communal
-
-
-
5 783
surtax
-
-
-
4 536
total
-
-
-
46 426
Employee
38 708
-
81 733
-
surtax
2 373
-
5 009
-
income
3 739
-
17 826
-
pensions
3 096
-
6 539
-
health
1 723
-
3 637
-
total
10 931
-
33 011
-
Employer
38 708
-
81 733
-
health
1 180
-
2 493
-
accident
348
-
735
-
pensions
3 096
-
6 539
-
total
4 624
-
9 767
-
Corporate
48 167
91 500
-
-
surtax
505
960
-
-
income
7 225
13 725
-
-
communal
3 251
6 176
-
-
total
10 981
20 861
-
-
Dividends
37 185
70 638
-
-
income
12 538
6 617
-
-
withholding
5 577
10 596
-
-
total
18 115
17 213
-
-
Income
91 500
91 500
91 500
91 500
Total tax
44 651
38 074
42 778
46 426
After tax
46 849
53 426
48 722
45 074
Living cost
27 778
27 778
27 778
27 778
Free-cash
19 071
25 648
20 944
17 296

Estimated living cost  is ₴27778 per week

₴20837
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.
₴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.
₴4962
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28674
₴46072
₴31800
₴44447
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
other
-
-
-
-
health
-
-
-
4 843
income
-
-
-
25 625
pensions
-
-
-
13 644
surtax
-
-
-
3 991
unemployment
-
-
-
116
total
-
-
-
48 219
Employee
17 213
-
77 140
-
surtax
61
-
3 379
-
income
2 886
-
22 569
-
other
-
-
-
-
pensions
1 148
-
4 550
-
health
439
-
1 739
-
unemployment
1 198
-
4 748
-
total
5 732
-
36 985
-
Employer
17 213
-
77 140
-
other
-
-
-
-
unemployment
546
-
2 162
-
health
783
-
3 104
-
pensions
2 295
-
9 094
-
total
3 624
-
14 360
-
Corporate
70 663
91 500
-
-
income
18 373
23 790
-
-
total
18 373
23 790
-
-
Dividends
52 290
67 710
-
-
withholding
7 843
10 157
-
-
total
7 843
10 157
-
-
Income
91 500
91 500
91 500
91 500
Total tax
35 572
33 947
51 345
48 219
After tax
55 928
57 553
40 155
43 281
Living cost
11 481
11 481
11 481
11 481
Free-cash
44 447
46 072
28 674
31 800

Estimated living cost  is ₴11481 per week

₴6932
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴998
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.
₴3285
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25467
₴34326
₴29577
₴33191
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
social contributions
-
-
-
23 534
national
-
-
-
22 696
regional
-
-
-
1 380
municipal
-
-
-
544
total
-
-
-
48 154
Employee
28 354
-
91 500
-
social contributions
9 561
-
30 853
-
municipal
150
-
485
-
national
4 492
-
19 695
-
regional
382
-
1 231
-
total
14 585
-
52 264
-
Employer
28 354
-
91 500
-
total
-
-
-
-
Corporate
63 146
91 500
-
-
nationa
15 155
21 960
-
-
municipal
3 138
4 547
-
-
total
18 293
26 507
-
-
Dividends
44 853
64 993
-
-
withholding
11 662
16 898
-
-
total
11 662
16 898
-
-
Income
91 500
91 500
91 500
91 500
Total tax
44 540
43 405
52 264
48 154
After tax
46 960
48 095
39 236
43 346
Living cost
13 769
13 769
13 769
13 769
Free-cash
33 191
34 326
25 467
29 577

Estimated living cost  is ₴13769 per week

₴8563
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.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32296
₴47473
₴36341
₴41934
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
social contributions
-
-
-
18 129
health
-
-
-
12 352
income
-
-
-
9 153
solidarity contribution
-
-
-
-
total
-
-
-
39 634
Employee
22 831
-
69 705
-
social contributions
1 484
-
4 036
-
solidarity contribution
-
-
-
-
income
2 740
-
8 439
-
health
3 082
-
9 410
-
total
7 306
-
21 885
-
Employer
22 831
-
69 705
-
health
2 055
-
6 273
-
social contributions
5 708
-
15 521
-
total
7 763
-
21 794
-
Corporate
60 907
91 500
-
-
income
11 572
17 385
-
-
total
11 572
17 385
-
-
Dividends
49 335
74 115
-
-
withholding
7 400
11 117
-
-
total
7 400
11 117
-
-
Income
91 500
91 500
91 500
91 500
Total tax
34 041
28 502
43 679
39 634
After tax
57 459
62 998
47 821
51 866
Living cost
15 525
15 525
15 525
15 525
Free-cash
41 934
47 473
32 296
36 341

Estimated living cost  is ₴15525 per week

₴11545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴860
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7951
₴34361
₴30759
₴34109
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
health
-
-
-
4 568
income
-
-
-
25 318
chamber of commerce
-
-
-
366
pensions
-
-
-
11 047
surtax
-
-
-
-
unemployment
-
-
-
3 135
total
-
-
-
44 434
Employee
22 343
20 370
73 321
-
income
1 990
1 503
20 401
-
other
223
204
598
-
pensions
2 288
2 085
6 115
-
health
864
789
2 311
-
unemployment
670
611
1 792
-
total
6 035
5 192
31 217
-
Employer
22 343
20 370
73 321
-
other
1 061
967
3 367
-
unemployment
670
611
1 792
-
health
845
770
2 257
-
surtax
-
-
-
-
accident
290
265
776
-
pensions
2 804
2 557
7 494
-
payroll
670
611
2 200
-
chamber of commerce
89
81
293
-
total
6 429
5 862
18 179
-
Corporate
62 726
65 268
71 381
-
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.

15 682
16 317
17 846
-
total
15 682
16 317
17 846
-
Dividends
47 045
48 951
-
-
withholding
12 938
13 461
-
-
total
12 938
13 461
-
-
Income
91 500
91 500
91 500
91 500
Total tax
41 084
40 832
67 242
44 434
After tax
50 416
50 668
24 258
47 066
Living cost
16 307
16 307
16 307
16 307
Free-cash
34 109
34 361
7 951
30 759

Estimated living cost  is ₴16307 per week

₴9782
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1665
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4569
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66553
₴80278
₴83938
₴79032
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
91 500
microenterprise

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

-
-
-
915
total
-
-
-
915
Employee
8 309
-
91 500
-
income
1 662
-
18 300
-
total
1 662
-
18 300
-
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%.

83 191
91 500
-
-
total
-
-
-
-
Dividends
83 191
91 500
-
-
withholding
4 159
4 575
-
-
total
4 159
4 575
-
-
Income
91 500
91 500
91 500
91 500
Total tax
5 821
4 575
18 300
915
After tax
85 679
86 925
73 200
90 585
Living cost
6 647
6 647
6 647
6 647
Free-cash
79 032
80 278
66 553
83 938

Estimated living cost  is ₴6647 per week

₴4498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28480
₴49288
₴30905
₴45012
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
91 500
health
-
-
-
9 003
income
-
-
-
21 035
pensions
-
-
-
16 710
unemployment
-
-
-
137
total
-
-
-
46 885
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.

22 603
-
79 172
-
income
3 898
-
19 485
-
pensions
3 504
-
12 271
-
health
1 460
-
5 115
-
unemployment
32
-
111
-
total
8 894
-
36 982
-
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.

22 603
-
79 172
-
unemployment
14
-
48
-
health
1 505
-
5 273
-
pensions
2 000
-
7 007
-
total
3 519
-
12 328
-
Corporate
65 378
91 500
-
-
income
12 422
17 385
-
-
total
12 422
17 385
-
-
Dividends
52 956
74 115
-
-
withholding
7 943
11 117
-
-
total
7 943
11 117
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 778
28 502
49 310
46 885
After tax
58 722
62 998
42 190
44 615
Living cost
13 710
13 710
13 710
13 710
Free-cash
45 012
49 288
28 480
30 905

Estimated living cost  is ₴13710 per week

₴9409
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3157
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61306
₴32530
₴40095
₴7022
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
social contributions
-
-
-
10 431
income
-
-
-
17 835
total
-
-
-
28 266
Employee
33 178
-
-
-
social contributions
2 721
-
388
-
income
7 318
-
-
-
total
10 039
-
388
-
Employer
33 178
-
-
-
social contributions
46 780
-
6 667
-
total
46 780
-
6 667
-
Corporate
11 542
91 500
-
-
income
2 539
20 130
-
-
total
2 539
20 130
-
-
Dividends
9 003
71 370
-
-
income
1 981
15 701
-
-
total
1 981
15 701
-
-
Income
91 500
91 500
91 500
91 500
Total tax
61 339
35 831
7 055
28 266
After tax
30 161
55 669
84 445
63 234
Living cost
23 139
23 139
23 139
23 139
Free-cash
7 022
32 530
61 306
40 095

Estimated living cost  is ₴23139 per week

₴15013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2176
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25938
₴36012
₴32876
₴35497
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
91 500
social contributions

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

-
-
-
31 796
income
-
-
-
10 795
surtax
-
-
-
-
total
-
-
-
42 591
Employee
23 509
-
73 939
-
surtax
-
-
-
-
social contributions
2 586
-
8 133
-
income
4 890
-
23 835
-
total
7 476
-
31 968
-
Employer
23 509
-
73 939
-
social contributions
5 583
-
17 561
-
total
5 583
-
17 561
-
Corporate
62 408
91 500
-
-
surtax
-
-
-
-
income
13 106
19 215
-
-
total
13 106
19 215
-
-
Dividends
49 303
72 285
-
-
withholding
13 805
20 240
-
-
total
13 805
20 240
-
-
Income
91 500
91 500
91 500
91 500
Total tax
39 970
39 455
49 529
42 591
After tax
51 530
52 045
41 971
48 909
Living cost
16 033
16 033
16 033
16 033
Free-cash
35 497
36 012
25 938
32 876

Estimated living cost  is ₴16033 per week

₴11996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴946
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25421
₴21429
₴26854
₴24942
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
other
-
-
-
2 836
social contributions
-
-
-
2 606
health
-
-
-
3 915
income
-
-
-
14 426
pensions
-
-
-
16 176
surtax
-
-
-
-
total
-
-
-
39 959
Employee
32 014
-
70 820
-
surtax
-
-
-
-
social contributions
912
-
2 019
-
income
2 793
-
13 770
-
pensions
3 621
-
4 923
-
total
7 326
-
20 712
-
Employer
32 014
-
70 820
-
other
1 105
-
2 762
-
unemployment
1 297
-
2 868
-
health
2 241
-
6 551
-
pensions
5 260
-
8 287
-
social contributions
96
-
212
-
total
9 999
-
20 680
-
Corporate
49 488
91 500
-
-
surtax
-
-
-
-
income
13 856
25 620
-
-
total
13 856
25 620
-
-
Dividends
35 631
65 880
-
-
social contributions
6 129
11 331
-
-
surtax
-
-
-
-
withholding
4 561
8 433
-
-
total
10 690
19 764
-
-
Income
91 500
91 500
91 500
91 500
Total tax
41 871
45 384
41 392
39 959
After tax
49 629
46 116
50 108
51 541
Living cost
24 687
24 687
24 687
24 687
Free-cash
24 942
21 429
25 421
26 854

Estimated living cost  is ₴24687 per week

₴16708
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2020
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54403
₴66985
₴51972
₴65268
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
income
-
-
-
4 033
social contributions
-
-
-
20 130
total
-
-
-
24 163
Employee
16 433
-
79 221
-
income
-
-
4 303
-
social contributions
1 068
-
5 150
-
total
1 068
-
9 453
-
Employer
16 433
-
79 221
-
social contributions
2 547
-
12 279
-
total
2 547
-
12 279
-
Corporate
72 520
91 500
-
-
income
7 252
9 150
-
-
total
7 252
9 150
-
-
Dividends
65 269
82 350
-
-
total
-
-
-
-
Income
91 500
91 500
91 500
91 500
Total tax
10 867
9 150
21 732
24 163
After tax
80 633
82 350
69 768
67 337
Living cost
15 365
15 365
15 365
15 365
Free-cash
65 268
66 985
54 403
51 972

Estimated living cost  is ₴15365 per week

₴9935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1158
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3983
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19683
-₴19683
₴29295
-₴19683
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
labour market
-
-
-
7 285
pensions
-
-
-
442
national
-
-
-
10 794
municipal
-
-
-
19 108
total
-
-
-
37 629
Employee
103 729
103 729
103 729
-
labour market
8 287
8 287
8 287
-
municipal
22 089
22 089
22 089
-
national
12 672
12 672
12 672
-
pensions
147
147
147
-
total
43 195
43 195
43 195
-
Employer
103 729
103 729
103 729
-
national
12 695
12 695
12 695
-
labour market
8 298
8 298
8 298
-
pensions
295
295
295
-
municipal
22 124
22 124
22 124
-
total
43 412
43 412
43 412
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
91 500
91 500
91 500
91 500
Total tax
86 607
86 607
86 607
37 629
After tax
4 893
4 893
4 893
53 871
Living cost
24 576
24 576
24 576
24 576
Free-cash
-19 683
-19 683
-19 683
29 295

Estimated living cost  is ₴24576 per week

₴16820
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴378
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38575
-₴3744
₴51392
₴5701
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
other
-
-
-
191
health
-
-
-
1 122
accident
-
-
-
130
income
-
-
-
25 369
pensions
-
-
-
2 141
total
-
-
-
28 953
Employee
17 547
-
82 434
-
income
2 407
-
19 338
-
pensions
1 976
-
3 926
-
health
2 009
-
9 439
-
total
6 392
-
32 703
-
Employer
17 547
-
82 434
-
unemployment
430
-
2 020
-
accident
293
-
1 377
-
pensions
2 853
-
5 670
-
total
3 576
-
9 067
-
Corporate
70 376
91 500
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

63 339
82 350
-
-
total
63 339
82 350
-
-
Dividends
7 038
9 150
-
-
withholding
1 337
1 739
-
-
total
1 337
1 739
-
-
Income
91 500
91 500
91 500
91 500
Total tax
74 644
84 089
41 770
28 953
After tax
16 856
7 411
49 730
62 547
Living cost
11 155
11 155
11 155
11 155
Free-cash
5 701
-3 744
38 575
51 392

Estimated living cost  is ₴11155 per week

₴8120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴28283
₴37620
₴39179
₴38939
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
91 500
health
-
-
-
1 196
national
-
-
-
15 246
municipal
-
-
-
16 255
total
-
-
-
32 697
Employee
26 892
-
76 975
-
municipal
4 405
-
12 537
-
national
444
-
9 208
-
pensions
1 815
-
5 196
-
health
201
-
972
-
unemployment
404
-
1 154
-
total
7 269
-
29 067
-
Employer
26 892
-
76 975
-
unemployment
175
-
501
-
health
207
-
593
-
accident
27
-
77
-
pensions
4 666
-
13 355
-
total
5 075
-
14 526
-
Corporate
59 534
91 500
-
-
income
11 907
18 300
-
-
total
11 907
18 300
-
-
Dividends

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

35 720
54 900
-
-
national
2 256
6 074
-
-
municipal
6 430
9 882
-
-
total
8 686
15 956
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 937
34 256
43 593
32 697
After tax
58 563
57 244
47 907
58 803
Living cost
19 624
19 624
19 624
19 624
Free-cash
38 939
37 620
28 283
39 179

Estimated living cost  is ₴19624 per week

₴12818
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4606
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49832
₴54912
₴50633
₴52129
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
social contributions
-
-
-
8 270
health
-
-
-
2 333
income
-
-
-
18 430
total
-
-
-
29 033
Employee
39 304
39 304
85 518
-
social contributions
1 486
3 262
4 400
-
income
4 280
3 638
17 998
-
health
305
668
1 454
-
total
6 071
7 568
23 852
-
Employer
39 304
39 304
85 518
-
health
331
727
1 582
-
social contributions
1 486
3 262
4 400
-
total
1 817
3 989
5 982
-
Corporate
71 779
48 206
-
-
income
8 972
6 026
-
-
total
8 972
6 026
-
-
Dividends
62 806
42 181
-
-
withholding
10 677
7 171
-
-
total
10 677
7 171
-
-
Income
91 500
91 500
91 500
91 500
Total tax
27 537
24 754
29 834
29 033
After tax
63 963
66 746
61 666
62 467
Living cost
11 834
11 834
11 834
11 834
Free-cash
52 129
54 912
49 832
50 633

Estimated living cost  is ₴11834 per week

₴7093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58697
₴67656
₴68947
₴65057
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
91 500
health
-
-
-
1 850
income
-
-
-
9 322
pensions
-
-
-
3 251
unemployment
-
-
-
15
total
-
-
-
14 438
Employee

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

11 732
-
86 505
-
income
802
-
8 055
-
pensions
1 760
-
7 275
-
health
997
-
4 122
-
unemployment
58
-
242
-
total
3 617
-
19 694
-
Employer

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

11 732
-
86 505
-
unemployment
58
-
242
-
health
504
-
2 085
-
pensions
645
-
2 667
-
total
1 207
-
4 994
-
Corporate
78 560
91 500
-
-
income
7 070
8 235
-
-
total
7 070
8 235
-
-
Dividends
71 490
83 265
-
-
withholding
6 434
7 494
-
-
total
6 434
7 494
-
-
Income
91 500
91 500
91 500
91 500
Total tax
18 328
15 729
24 688
14 438
After tax
73 172
75 771
66 812
77 062
Living cost
8 115
8 115
8 115
8 115
Free-cash
65 057
67 656
58 697
68 947

Estimated living cost  is ₴8115 per week

₴5178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴585
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.
₴2111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35133
₴46917
₴37277
₴44660
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
other
-
-
-
48
accident
-
-
-
427
income
-
-
-
25 953
pensions
-
-
-
13 407
unemployment
-
-
-
332
total
-
-
-
40 167
Employee
18 900
-
76 396
-
income
3 644
-
24 199
-
other
18
-
48
-
pensions
889
-
2 227
-
unemployment
293
-
734
-
total
4 844
-
27 208
-
Employer
18 900
-
76 396
-
other
151
-
379
-
unemployment
1 040
-
2 605
-
accident
374
-
938
-
pensions
4 460
-
11 181
-
total
6 025
-
15 103
-
Corporate
66 575
91 500
-
-
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.

9 986
13 725
-
-
total
9 986
13 725
-
-
Dividends
56 588
77 775
-
-
withholding
11 929
16 802
-
-
total
11 929
16 802
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 784
30 527
42 311
40 167
After tax
58 716
60 973
49 189
51 333
Living cost
14 056
14 056
14 056
14 056
Free-cash
44 660
46 917
35 133
37 277

Estimated living cost  is ₴14056 per week

₴9487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
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.
₴2971
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57910
₴56152
₴57976
₴55997
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
health
-
-
-
499
income
-
-
-
31 392
pensions
-
-
-
689
total
-
-
-
32 580
Employee
1 438
-
90 725
-
income
278
-
31 355
-
pensions
129
-
310
-
health
72
-
172
-
unemployment
14
-
34
-
total
493
-
31 871
-
Employer
1 438
-
90 725
-
unemployment
29
-
69
-
health
137
-
327
-
pensions
158
-
379
-
total
324
-
775
-
Corporate
89 739
91 500
-
-
income
19 743
20 130
-
-
total
19 743
20 130
-
-
Dividends
69 996
71 370
-
-
withholding
13 999
14 274
-
-
total
13 999
14 274
-
-
Income
91 500
91 500
91 500
91 500
Total tax
34 559
34 404
32 646
32 580
After tax
56 941
57 096
58 854
58 920
Living cost
944
944
944
944
Free-cash
55 997
56 152
57 910
57 976

Estimated living cost  is ₴944 per week

₴561
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.
₴285
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47667
₴57280
₴47667
₴54766
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
91 500
health
-
-
-
3 886
income
-
-
-
20 742
pensions
-
-
-
9 810
unemployment
-
-
-
566
total
-
-
-
35 004
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.

13 313
-
84 746
-
income
1 835
-
20 742
-
pensions
1 864
-
5 282
-
health
686
-
1 943
-
unemployment
100
-
283
-
total
4 485
-
28 250
-
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.

13 313
-
84 746
-
unemployment
100
-
283
-
health
686
-
1 943
-
pensions
1 598
-
4 528
-
total
2 384
-
6 754
-
Corporate
75 803
91 500
-
-
income
11 371
13 725
-
-
total
11 371
13 725
-
-
Dividends
64 433
77 775
-
-
withholding
9 665
11 666
-
-
total
9 665
11 666
-
-
Income
91 500
91 500
91 500
91 500
Total tax
27 905
25 391
35 004
35 004
After tax
63 595
66 109
56 496
56 496
Living cost
8 829
8 829
8 829
8 829
Free-cash
54 766
57 280
47 667
47 667

Estimated living cost  is ₴8829 per week

₴5945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴683
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.
₴1946
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28191
₴38265
₴35129
₴38082
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
91 500
social contributions

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

-
-
-
31 796
income
-
-
-
10 795
surtax
-
-
-
-
total
-
-
-
42 591
Employee
19 839
-
73 939
-
surtax
-
-
-
-
social contributions
2 182
-
8 133
-
income
3 876
-
23 835
-
total
6 058
-
31 968
-
Employer
19 839
-
73 939
-
social contributions
4 711
-
17 561
-
total
4 711
-
17 561
-
Corporate
66 950
91 500
-
-
surtax
-
-
-
-
income
14 060
19 215
-
-
total
14 060
19 215
-
-
Dividends
52 890
72 285
-
-
withholding
14 809
20 240
-
-
total
14 809
20 240
-
-
Income
91 500
91 500
91 500
91 500
Total tax
39 638
39 455
49 529
42 591
After tax
51 862
52 045
41 971
48 909
Living cost
13 780
13 780
13 780
13 780
Free-cash
38 082
38 265
28 191
35 129

Estimated living cost  is ₴13780 per week

₴9760
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴957
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.
₴2819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31225
₴43009
₴33369
₴39665
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
other
-
-
-
48
accident
-
-
-
427
income
-
-
-
25 953
pensions
-
-
-
13 407
unemployment
-
-
-
332
total
-
-
-
40 167
Employee
24 686
-
76 396
-
income
5 156
-
24 199
-
other
24
-
48
-
pensions
1 160
-
2 227
-
unemployment
382
-
734
-
total
6 722
-
27 208
-
Employer
24 686
-
76 396
-
other
198
-
379
-
unemployment
1 358
-
2 605
-
accident
489
-
938
-
pensions
5 826
-
11 181
-
total
7 871
-
15 103
-
Corporate
58 944
91 500
-
-
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.

8 841
13 725
-
-
total
8 841
13 725
-
-
Dividends
50 102
77 775
-
-
withholding
10 437
16 802
-
-
total
10 437
16 802
-
-
Income
91 500
91 500
91 500
91 500
Total tax
33 871
30 527
42 311
40 167
After tax
57 629
60 973
49 189
51 333
Living cost
17 964
17 964
17 964
17 964
Free-cash
39 665
43 009
31 225
33 369

Estimated living cost  is ₴17964 per week

₴12901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3413
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67946
₴69517
₴64334
₴66430
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
health
-
-
-
2 035
income
-
-
-
13 725
pensions

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

-
-
-
2 619
unemployment
-
-
-
71
total
-
-
-
18 450
Employee
11 542
-
88 028
-
income
1 154
-
8 803
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 013
-
1 554
-
health
531
-
814
-
total
2 825
-
11 366
-
Employer
11 542
-
88 028
-
unemployment
69
-
106
-
health
796
-
1 221
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 272
-
1 950
-
total
2 264
-
3 472
-
Corporate
77 694
91 500
-
-
income
7 769
9 150
-
-
total
7 769
9 150
-
-
Dividends
69 925
82 350
-
-
withholding
3 496
4 117
-
-
total
3 496
4 117
-
-
Income
91 500
91 500
91 500
91 500
Total tax
16 354
13 267
14 838
18 450
After tax
75 146
78 233
76 662
73 050
Living cost
8 716
8 716
8 716
8 716
Free-cash
66 430
69 517
67 946
64 334

Estimated living cost  is ₴8716 per week

₴5765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴499
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.
₴2245
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38263
₴27354
₴28543
₴34041
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
91 500
health

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

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

-
-
-
3 492
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.

-
-
-
28 446
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.

-
-
-
1 565
trade
-
-
-
9 720
total
-
-
-
43 223
Employee

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

25 432
-
91 500
-
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.

115
-
1 565
-
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.

2 091
-
28 446
-
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.

3 492
-
3 492
-
total
5 698
-
33 503
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
66 068
91 500
-
-
chamber of commerce
175
211
-
-
surtax

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

545
755
-
-
trade
9 481
13 131
-
-
income
9 910
13 725
-
-
total
20 111
27 822
-
-
Dividends
45 957
63 678
-
-
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.

621
865
-
-
withholding
11 295
15 725
-
-
total
11 916
16 590
-
-
Income
91 500
91 500
91 500
91 500
Total tax
37 725
44 412
33 503
43 223
After tax
53 775
47 088
57 997
48 277
Living cost
19 734
19 734
19 734
19 734
Free-cash
34 041
27 354
38 263
28 543

Estimated living cost  is ₴19734 per week

₴13613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2123
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3711
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18933
₴34933
₴18933
₴36061
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
income
-
-
-
28 151
social contributions
-
-
-
15 299
total
-
-
-
43 450
Employee
39 983
-
91 500
-
income
7 545
-
28 151
-
social contributions
3 322
-
15 299
-
total
10 867
-
43 450
-
Employer
39 983
-
91 500
-
total
-
-
-
-
Corporate
51 517
91 500
-
-
income
6 440
11 437
-
-
total
6 440
11 437
-
-
Dividends
45 078
80 063
-
-
withholding
9 015
16 013
-
-
total
9 015
16 013
-
-
Income
91 500
91 500
91 500
91 500
Total tax
26 322
27 450
43 450
43 450
After tax
65 178
64 050
48 050
48 050
Living cost
29 117
29 117
29 117
29 117
Free-cash
36 061
34 933
18 933
18 933

Estimated living cost  is ₴29117 per week

₴22152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2373
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4315
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46414
₴38220
₴55234
₴40008
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
91 500
income
-
-
-
14 550
health

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

-
-
-
3 161
total
-
-
-
17 711
Employee
23 448
-
89 149
-
income
2 544
-
21 829
-
social contributions
2 349
-
2 351
-
total
4 893
-
24 180
-
Employer
23 448
-
89 149
-
social contributions
2 349
-
2 351
-
total
2 349
-
2 351
-
Corporate
65 703
91 500
-
-
income
22 995
32 025
-
-
total
22 995
32 025
-
-
Dividends
42 707
59 475
-
-
social contributions
2 700
2 700
-
-
total
2 700
2 700
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 937
34 725
26 531
17 711
After tax
58 563
56 775
64 969
73 789
Living cost
18 555
18 555
18 555
18 555
Free-cash
40 008
38 220
46 414
55 234

Estimated living cost  is ₴18555 per week

₴12222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1463
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.
₴4585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33455
₴40860
₴41724
₴43852
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
income
-
-
-
26 418
pensions
-
-
-
4 595
total
-
-
-
31 013
Employee
25 755
-
79 907
-
income
4 690
-
20 906
-
health
336
-
1 148
-
pensions
1 966
-
5 634
-
total
6 992
-
27 688
-
Employer
25 755
-
79 907
-
health
489
-
1 519
-
pensions
2 602
-
10 075
-
total
3 091
-
11 594
-
Corporate
62 653
91 500
-
-
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.

11 904
17 385
-
-
total
11 904
17 385
-
-
Dividends
50 749
74 115
-
-
withholding
6 898
14 492
-
-
total
6 898
14 492
-
-
Income
91 500
91 500
91 500
91 500
Total tax
28 885
31 877
39 282
31 013
After tax
62 615
59 623
52 218
60 487
Living cost
18 763
18 763
18 763
18 763
Free-cash
43 852
40 860
33 455
41 724

Estimated living cost  is ₴18763 per week

₴12872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1725
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.
₴3930
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴37471
-₴4848
₴50288
₴5532
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
other
-
-
-
191
health
-
-
-
1 122
accident
-
-
-
130
income
-
-
-
25 369
pensions
-
-
-
2 141
total
-
-
-
28 953
Employee
19 284
-
82 434
-
income
2 646
-
19 338
-
pensions
2 171
-
3 926
-
health
2 208
-
9 439
-
total
7 025
-
32 703
-
Employer
19 284
-
82 434
-
unemployment
472
-
2 020
-
accident
322
-
1 377
-
pensions
3 136
-
5 670
-
total
3 930
-
9 067
-
Corporate
68 286
91 500
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

61 457
82 350
-
-
total
61 457
82 350
-
-
Dividends
6 829
9 150
-
-
withholding
1 297
1 739
-
-
total
1 297
1 739
-
-
Income
91 500
91 500
91 500
91 500
Total tax
73 709
84 089
41 770
28 953
After tax
17 791
7 411
49 730
62 547
Living cost
12 259
12 259
12 259
12 259
Free-cash
5 532
-4 848
37 471
50 288

Estimated living cost  is ₴12259 per week

₴8997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴714
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2301
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58258
₴70097
₴47023
₴67706
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
91 500
income
-
-
-
15 109
health insurance
-
-
-
6 046
work injury
-
-
-
408
pensions
-
-
-
15 033
unemployment
-
-
-
980
total
-
-
-
37 576
Employee

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

11 041
-
91 500
-
income
1 104
-
15 109
-
work injury
55
-
204
-
health insurance
817
-
3 023
-
pensions
2 032
-
7 516
-
unemployment
132
-
490
-
total
4 140
-
26 342
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
80 459
91 500
-
-
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%.

805
915
-
-
total
805
915
-
-
Dividends
79 655
90 585
-
-
withholding
11 948
13 588
-
-
total
11 948
13 588
-
-
Income
91 500
91 500
91 500
91 500
Total tax
16 893
14 503
26 342
37 576
After tax
74 607
76 997
65 158
53 924
Living cost
6 900
6 900
6 900
6 900
Free-cash
67 706
70 097
58 258
47 023

Estimated living cost  is ₴6900 per week

₴4275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴18182
₴27832
₴22197
₴25508
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
social contributions
-
-
-
23 534
national
-
-
-
22 696
regional
-
-
-
2 098
municipal
-
-
-
612
total
-
-
-
48 940
Employee
43 072
-
91 500
-
social contributions
14 524
-
30 853
-
municipal
257
-
546
-
national
7 279
-
19 695
-
regional
650
-
1 861
-
total
22 710
-
52 955
-
Employer
43 072
-
91 500
-
total
-
-
-
-
Corporate
48 428
91 500
-
-
nationa
11 622
21 960
-
-
municipal
2 334
4 411
-
-
total
13 956
26 371
-
-
Dividends
34 472
65 130
-
-
withholding
8 963
16 934
-
-
total
8 963
16 934
-
-
Income
91 500
91 500
91 500
91 500
Total tax
45 629
43 305
52 955
48 940
After tax
45 871
48 195
38 545
42 560
Living cost
20 363
20 363
20 363
20 363
Free-cash
25 508
27 832
18 182
22 197

Estimated living cost  is ₴20363 per week

₴14303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4350
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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