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
₴36429
₴30838
₴42611
₴31900
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
10 711
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.

-
-
-
28 559
health

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

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

-
-
-
3 452
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.

-
-
-
1 571
total
-
-
-
44 293
Employee

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

19 329
-
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
-
1 571
-
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.

3 452
-
3 452
-
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.

540
-
28 559
-
total
4 022
-
33 582
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
72 171
91 500
-
-
trade
11 367
14 411
-
-
income
10 825
13 725
-
-
surtax

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

596
755
-
-
chamber of commerce
180
208
-
-
total
22 968
29 099
-
-
Dividends
49 203
62 401
-
-
withholding
12 108
15 408
-
-
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.

666
848
-
-
total
12 774
16 256
-
-
Income
91 500
91 500
91 500
91 500
Total tax
39 764
45 355
33 582
44 293
After tax
51 736
46 145
57 918
47 207
Living cost
15 307
15 307
15 307
15 307
Free-cash
36 429
30 838
42 611
31 900

Estimated living cost  is ₴15307 per week

₴9628
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1785
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.
₴3608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30627
₴31059
₴28322
₴27829
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
10 031
national
-
-
-
15 639
total
-
-
-
37 634
Employee
40 362
-
79 101
-
national
7 725
-
16 414
-
municipal
4 985
-
10 385
-
pensions
1 614
-
3 164
-
total
14 324
-
29 963
-
Employer
40 362
-
79 101
-
pensions
3 229
-
6 328
-
social contributions
434
-
850
-
total
3 663
-
7 178
-
Corporate
44 812
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%.

8 962
18 300
-
-
total
8 962
18 300
-
-
Dividends
35 849
73 200
-
-
withholding
7 887
16 104
-
-
total
7 887
16 104
-
-
Income
91 500
91 500
91 500
91 500
Total tax
34 836
34 404
37 141
37 634
After tax
56 664
57 096
54 359
53 866
Living cost
26 037
26 037
26 037
26 037
Free-cash
30 627
31 059
28 322
27 829

Estimated living cost  is ₴26037 per week

₴17697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴390
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5530
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58540
₴62686
₴28100
₴21275
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 362
income
-
-
-
17 016
microenterprise
-
-
-
-
surtax
-
-
-
23 333
total
-
-
-
59 711
Employee
14 767
-
69 361
-
surtax
-
-
10 057
-
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.

1 625
-
6 625
-
income
2 629
-
14 065
-
total
4 254
-
30 747
-
Employer
14 767
-
69 361
-
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.

3 557
-
14 509
-
surtax
-
-
7 630
-
total
3 557
-
22 139
-
Corporate
73 176
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%.

14 635
18 300
-
-
total
14 635
18 300
-
-
Dividends

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

58 541
73 200
-
-
total
-
-
-
-
Income
91 500
91 500
91 500
91 500
Total tax
22 446
18 300
52 886
59 711
After tax
69 054
73 200
38 614
31 789
Living cost
10 514
10 514
10 514
10 514
Free-cash
58 540
62 686
28 100
21 275

Estimated living cost  is ₴10514 per week

₴6707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1001
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2566
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21070
₴24167
₴36266
₴29172
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 005
pensions
-
-
-
5 921
health
-
-
-
6 232
total
-
-
-
41 158
Employee
43 155
43 155
82 108
-
health
6 624
5 634
6 232
-
pensions
7 768
5 921
5 921
-
income

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

7 064
7 064
12 520
-
total
21 456
18 619
24 673
-
Employer
43 155
43 155
82 108
-
pensions
3 004
3 004
3 733
-
unemployment
1 554
1 554
1 930
-
health
3 000
3 000
3 728
-
total
7 558
7 558
9 391
-
Corporate
41 317
40 788
-
-
income
8 264
8 157
-
-
total
8 264
8 157
-
-
Dividends
33 053
32 631
-
-
withholding
4 958
4 895
-
-
income
7 024
6 934
-
-
total
11 982
11 829
-
-
Income
91 500
91 500
91 500
91 500
Total tax
49 260
46 163
34 064
41 158
After tax
42 240
45 337
57 436
50 342
Living cost
21 170
21 170
21 170
21 170
Free-cash
21 070
24 167
36 266
29 172

Estimated living cost  is ₴21170 per week

₴15003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1908
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴337
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3922
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28344
₴28819
₴25445
₴25957
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 384
unemployment
-
-
-
46
pensions
-
-
-
5 008
municipal
-
-
-
23 283
accident
-
-
-
93
national
-
-
-
7 698
health
-
-
-
2 891
total
-
-
-
44 403
Employee
30 123
-
76 943
-
national
-
-
7 414
-
municipal
8 983
-
22 944
-
total
8 983
-
30 358
-
Employer
30 123
-
76 943
-
other
3 500
-
5 384
-
accident
60
-
93
-
pensions
3 256
-
5 008
-
unemployment
795
-
1 223
-
health
1 853
-
2 849
-
total
9 464
-
14 557
-
Corporate
51 913
91 500
-
-
income
11 421
20 130
-
-
total
11 421
20 130
-
-
Dividends
40 492
71 370
-
-
withholding
12 148
21 411
-
-
total
12 148
21 411
-
-
Income
91 500
91 500
91 500
91 500
Total tax
42 016
41 541
44 915
44 403
After tax
49 484
49 959
46 585
47 097
Living cost
21 140
21 140
21 140
21 140
Free-cash
28 344
28 819
25 445
25 957

Estimated living cost  is ₴21140 per week

₴14011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32923
₴25823
₴38066
₴26879
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
11 187
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.

-
-
-
28 559
health

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

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

-
-
-
3 452
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.

-
-
-
1 571
total
-
-
-
44 769
Employee

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

25 628
-
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.

121
-
1 571
-
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.

3 452
-
3 452
-
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.

2 202
-
28 559
-
total
5 775
-
33 582
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 872
91 500
-
-
trade
10 836
15 052
-
-
income
9 881
13 725
-
-
surtax

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

544
755
-
-
chamber of commerce
171
207
-
-
total
21 432
29 739
-
-
Dividends
44 442
61 761
-
-
withholding
10 918
15 248
-
-
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.

600
838
-
-
total
11 518
16 086
-
-
Income
91 500
91 500
91 500
91 500
Total tax
38 725
45 825
33 582
44 769
After tax
52 775
45 675
57 918
46 731
Living cost
19 852
19 852
19 852
19 852
Free-cash
32 923
25 823
38 066
26 879

Estimated living cost  is ₴19852 per week

₴13277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2094
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.
₴4185
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48255
₴50352
₴45227
₴46026
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 176
income
-
-
-
18 574
health
-
-
-
2 333
total
-
-
-
29 083
Employee
38 859
38 859
85 567
-
health
386
661
1 455
-
social contributions
1 888
3 225
4 350
-
income
4 081
3 597
18 144
-
total
6 355
7 483
23 949
-
Employer
38 859
38 859
85 567
-
social contributions
1 888
3 225
4 350
-
health
421
719
1 583
-
total
2 309
3 944
5 933
-
Corporate
66 444
48 696
-
-
income
8 306
6 087
-
-
total
8 306
6 087
-
-
Dividends
58 138
42 609
-
-
withholding
9 884
7 243
-
-
total
9 884
7 243
-
-
Income
91 500
91 500
91 500
91 500
Total tax
26 854
24 757
29 882
29 083
After tax
64 646
66 743
61 618
62 417
Living cost
16 391
16 391
16 391
16 391
Free-cash
48 255
50 352
45 227
46 026

Estimated living cost  is ₴16391 per week

₴11205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1280
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.
₴3631
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42191
₴41997
₴43638
₴53982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
1 373
income
-
-
-
11 186
pensions
-
-
-
9 150
health
-
-
-
6 405
total
-
-
-
28 114
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.

13 575
5 403
76 569
-
unemployment
204
81
1 149
-
health
950
378
5 360
-
pensions
1 357
540
7 657
-
income
1 660
660
9 361
-
total
4 171
1 659
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.

13 575
5 403
76 569
-
pensions
2 647
1 053
14 931
-
total
2 647
1 053
14 931
-
Corporate
75 278
85 044
-
-
income
6 775
7 654
-
-
total
6 775
7 654
-
-
Dividends
68 503
77 390
-
-
withholding
13 016
14 704
-
-
social contributions
13 296
15 029
-
-
total
26 312
29 733
-
-
Income
91 500
91 500
91 500
91 500
Total tax
39 905
40 099
38 458
28 114
After tax
51 595
51 401
53 042
63 386
Living cost
9 404
9 404
9 404
9 404
Free-cash
42 191
41 997
43 638
53 982

Estimated living cost  is ₴9404 per week

₴6417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴769
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴188
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2029
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57855
₴60994
₴40534
₴36838
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 261
pensions
-
-
-
18 300
health
-
-
-
11 895
total
-
-
-
42 456
Employee
14 336
-
68 386
-
unemployment
229
-
1 094
-
pensions
287
-
1 368
-
income
1 614
-
13 184
-
total
2 130
-
15 646
-
Employer
14 336
-
68 386
-
pensions
2 867
-
13 677
-
unemployment
115
-
547
-
health
1 863
-
8 890
-
total
4 845
-
23 114
-
Corporate
72 318
91 500
-
-
income
14 464
18 300
-
-
total
14 464
18 300
-
-
Dividends
57 854
73 200
-
-
total
-
-
-
-
Income
91 500
91 500
91 500
91 500
Total tax
21 439
18 300
38 760
42 456
After tax
70 061
73 200
52 740
49 044
Living cost
12 206
12 206
12 206
12 206
Free-cash
57 855
60 994
40 534
36 838

Estimated living cost  is ₴12206 per week

₴8372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴727
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.
₴2862
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5668
-₴3958
₴38348
₴51178
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192
income
-
-
-
25 352
pensions
-
-
-
2 150
accident
-
-
-
131
health
-
-
-
1 127
total
-
-
-
28 952
Employee
17 886
-
82 411
-
health
2 048
-
9 436
-
pensions
2 014
-
3 943
-
income
2 454
-
19 314
-
total
6 516
-
32 693
-
Employer
17 886
-
82 411
-
accident
299
-
1 376
-
pensions
2 908
-
5 694
-
unemployment
438
-
2 019
-
total
3 645
-
9 089
-
Corporate
69 969
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.

62 972
82 350
-
-
total
62 972
82 350
-
-
Dividends
6 997
9 150
-
-
withholding
1 329
1 738
-
-
total
1 329
1 738
-
-
Income
91 500
91 500
91 500
91 500
Total tax
74 462
84 088
41 782
28 952
After tax
17 038
7 412
49 718
62 548
Living cost
11 370
11 370
11 370
11 370
Free-cash
5 668
-3 958
38 348
51 178

Estimated living cost  is ₴11370 per week

₴8333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2170
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴82002
₴82779
₴69054
₴86439
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 183
-
91 500
-
income
1 036
-
18 300
-
total
1 036
-
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%.

86 317
91 500
-
-
total
-
-
-
-
Dividends
86 317
91 500
-
-
withholding
4 316
4 575
-
-
total
4 316
4 575
-
-
Income
91 500
91 500
91 500
91 500
Total tax
5 352
4 575
18 300
915
After tax
86 148
86 925
73 200
90 585
Living cost
4 146
4 146
4 146
4 146
Free-cash
82 002
82 779
69 054
86 439

Estimated living cost  is ₴4146 per week

₴2570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴114
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50345
₴53759
₴38332
₴38191
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 650
income
-
-
-
14 368
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.

-
-
-
18 444
health
-
-
-
3 381
total
-
-
-
39 843
Employee
18 349
-
73 082
-
unemployment
183
-
731
-
health
257
-
1 023
-
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.

1 284
-
5 115
-
income
3 159
-
14 415
-
total
4 883
-
21 284
-
Employer
18 349
-
73 082
-
other
918
-
3 655
-
accident
147
-
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.

3 120
-
12 424
-
unemployment
183
-
731
-
health
257
-
1 023
-
total
4 625
-
18 418
-
Corporate
68 527
91 500
-
-
income
14 391
19 215
-
-
total
14 391
19 215
-
-
Dividends
54 136
72 285
-
-
withholding
3 790
5 060
-
-
total
3 790
5 060
-
-
Income
91 500
91 500
91 500
91 500
Total tax
27 689
24 275
39 702
39 843
After tax
63 811
67 225
51 798
51 657
Living cost
13 466
13 466
13 466
13 466
Free-cash
50 345
53 759
38 332
38 191

Estimated living cost  is ₴13466 per week

₴9514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2825
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28013
₴25945
₴18555
₴26821
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 460
pensions
-
-
-
4 584
total
-
-
-
31 044
Employee
47 589
-
79 903
-
health
784
-
1 148
-
pensions
4 591
-
5 616
-
income
8 578
-
20 949
-
total
13 953
-
27 713
-
Employer
47 589
-
79 903
-
pensions
5 619
-
10 078
-
health
904
-
1 519
-
total
6 523
-
11 597
-
Corporate
37 388
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.

7 104
17 385
-
-
total
7 104
17 385
-
-
Dividends
30 284
74 115
-
-
withholding
2 272
14 535
-
-
total
2 272
14 535
-
-
Income
91 500
91 500
91 500
91 500
Total tax
29 852
31 920
39 310
31 044
After tax
61 648
59 580
52 190
60 456
Living cost
33 635
33 635
33 635
33 635
Free-cash
28 013
25 945
18 555
26 821

Estimated living cost  is ₴33635 per week

₴25204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3952
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴69231
₴71587
₴70013
₴66402
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
71
income
-
-
-
13 725
pensions

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

-
-
-
2 620
health
-
-
-
2 036
total
-
-
-
18 452
Employee
8 800
-
88 026
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
health
405
-
814
-
pensions

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

773
-
1 555
-
income
880
-
8 803
-
total
2 155
-
11 367
-
Employer
8 800
-
88 026
-
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.

970
-
1 951
-
unemployment
53
-
106
-
health
607
-
1 222
-
total
1 727
-
3 474
-
Corporate
80 973
91 500
-
-
income
8 097
9 150
-
-
total
8 097
9 150
-
-
Dividends
72 876
82 350
-
-
withholding
3 644
4 117
-
-
total
3 644
4 117
-
-
Income
91 500
91 500
91 500
91 500
Total tax
15 623
13 267
14 841
18 452
After tax
75 877
78 233
76 659
73 048
Living cost
6 646
6 646
6 646
6 646
Free-cash
69 231
71 587
70 013
66 402

Estimated living cost  is ₴6646 per week

₴3880
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴475
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
₴18587
₴17314
₴29413
₴22319
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 005
pensions
-
-
-
5 921
health
-
-
-
6 232
total
-
-
-
41 158
Employee
46 853
43 155
82 108
-
health
5 845
5 634
6 232
-
pensions
5 921
5 921
5 921
-
income

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

7 064
7 064
12 520
-
total
18 830
18 619
24 673
-
Employer
46 853
43 155
82 108
-
pensions
3 261
3 004
3 733
-
unemployment
1 687
1 554
1 930
-
health
3 256
3 000
3 728
-
total
8 204
7 558
9 391
-
Corporate
36 444
40 788
-
-
income
7 288
8 157
-
-
total
7 288
8 157
-
-
Dividends
29 156
32 631
-
-
withholding
4 373
4 895
-
-
income
6 195
6 934
-
-
total
10 568
11 829
-
-
Income
91 500
91 500
91 500
91 500
Total tax
44 890
46 163
34 064
41 158
After tax
46 610
45 337
57 436
50 342
Living cost
28 023
28 023
28 023
28 023
Free-cash
18 587
17 314
29 413
22 319

Estimated living cost  is ₴28023 per week

₴20671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45851
₴50361
₴35141
₴39183
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 184
income
-
-
-
9 144
health
-
-
-
12 352
solidarity contribution
-
-
-
-
total
-
-
-
39 680
Employee
18 584
-
69 662
-
solidarity contribution
-
-
-
-
health
2 509
-
9 404
-
social contributions
1 208
-
4 048
-
income
2 230
-
8 431
-
total
5 947
-
21 883
-
Employer
18 584
-
69 662
-
social contributions
4 646
-
15 569
-
health
1 673
-
6 270
-
total
6 319
-
21 839
-
Corporate
66 597
91 500
-
-
income
12 654
17 385
-
-
total
12 654
17 385
-
-
Dividends
53 944
74 115
-
-
withholding
8 092
11 117
-
-
total
8 092
11 117
-
-
Income
91 500
91 500
91 500
91 500
Total tax
33 012
28 502
43 722
39 680
After tax
58 488
62 998
47 778
51 820
Living cost
12 637
12 637
12 637
12 637
Free-cash
45 851
50 361
35 141
39 183

Estimated living cost  is ₴12637 per week

₴8778
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴899
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.
₴2712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴24856
₴27495
₴18127
₴22261
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 083
social contributions
-
-
-
23 534
municipal
-
-
-
544
national
-
-
-
22 754
total
-
-
-
47 915
Employee
44 913
-
91 500
-
national
7 782
-
19 754
-
regional
424
-
956
-
municipal
238
-
485
-
social contributions
15 145
-
30 854
-
total
23 589
-
52 049
-
Employer
44 913
-
91 500
-
total
-
-
-
-
Corporate
46 587
91 500
-
-
nationa
11 181
21 960
-
-
municipal
1 817
3 568
-
-
total
12 998
25 528
-
-
Dividends
33 589
65 971
-
-
withholding
8 733
17 153
-
-
total
8 733
17 153
-
-
Income
91 500
91 500
91 500
91 500
Total tax
45 320
42 681
52 049
47 915
After tax
46 180
48 819
39 451
43 585
Living cost
21 324
21 324
21 324
21 324
Free-cash
24 856
27 495
18 127
22 261

Estimated living cost  is ₴21324 per week

₴14865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1398
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44831
₴46402
₴29025
₴32116
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
115
income
-
-
-
25 802
pensions
-
-
-
13 489
health
-
-
-
4 788
surtax
-
-
-
4 039
total
-
-
-
48 233
Employee
16 712
-
77 303
-
surtax
55
-
3 435
-
unemployment
1 163
-
4 694
-
other
-
-
-
-
health
427
-
1 719
-
pensions
1 114
-
4 499
-
income
2 801
-
22 779
-
total
5 560
-
37 126
-
Employer
16 712
-
77 303
-
other
-
-
-
-
pensions
2 228
-
8 991
-
unemployment
529
-
2 138
-
health
760
-
3 069
-
total
3 517
-
14 198
-
Corporate
71 271
91 500
-
-
income
18 530
23 790
-
-
total
18 530
23 790
-
-
Dividends
52 741
67 710
-
-
withholding
7 911
10 157
-
-
total
7 911
10 157
-
-
Income
91 500
91 500
91 500
91 500
Total tax
35 518
33 947
51 324
48 233
After tax
55 982
57 553
40 176
43 267
Living cost
11 151
11 151
11 151
11 151
Free-cash
44 831
46 402
29 025
32 116

Estimated living cost  is ₴11151 per week

₴6819
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1029
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3047
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39925
₴36601
₴29211
₴37477
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 460
pensions
-
-
-
4 584
total
-
-
-
31 044
Employee
31 893
-
79 903
-
health
463
-
1 148
-
pensions
2 707
-
5 616
-
income
5 744
-
20 949
-
total
8 914
-
27 713
-
Employer
31 893
-
79 903
-
pensions
3 452
-
10 078
-
health
606
-
1 519
-
total
4 058
-
11 597
-
Corporate
55 549
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.

10 554
17 385
-
-
total
10 554
17 385
-
-
Dividends
44 995
74 115
-
-
withholding
5 070
14 535
-
-
total
5 070
14 535
-
-
Income
91 500
91 500
91 500
91 500
Total tax
28 596
31 920
39 310
31 044
After tax
62 904
59 580
52 190
60 456
Living cost
22 979
22 979
22 979
22 979
Free-cash
39 925
36 601
29 211
37 477

Estimated living cost  is ₴22979 per week

₴17216
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1722
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3800
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴18877
₴1701
₴29731
₴33927
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
964
regional
-
-
-
4 506
pensions
-
-
-
8 419
national
-
-
-
1 508
health
-
-
-
206
total
-
-
-
17 433
Employee
46 975
-
81 898
-
national
222
-
1 105
-
unemployment
-
-
-
-
city
504
-
879
-
regional
1 538
-
3 879
-
health
106
-
185
-
pensions
3 946
-
6 879
-
total
6 316
-
12 927
-
Employer
46 975
-
81 898
-
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.

939
-
1 638
-
pensions
3 946
-
6 879
-
unemployment
-
-
-
-
health
106
-
185
-
total
4 991
-
8 702
-
Corporate
39 017
91 500
-
-
regional
8 252
19 352
-
-
national
3 317
7 778
-
-
total
11 569
27 130
-
-
Dividends
27 449
64 370
-
-
withholding
9 607
22 529
-
-
total
9 607
22 529
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 483
49 659
21 629
17 433
After tax
59 017
41 841
69 871
74 067
Living cost
40 140
40 140
40 140
40 140
Free-cash
18 877
1 701
29 731
33 927

Estimated living cost  is ₴40140 per week

₴26103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3602
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴493
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9943
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴30249
₴22053
₴34767
₴23105
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
11 662
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.

-
-
-
28 559
health

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

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

-
-
-
3 452
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.

-
-
-
1 571
total
-
-
-
45 244
Employee

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

30 371
-
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.

197
-
1 571
-
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.

3 452
-
3 452
-
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.

3 571
-
28 559
-
total
7 220
-
33 582
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
61 129
91 500
-
-
trade
10 484
15 692
-
-
income
9 169
13 725
-
-
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.

504
755
-
-
chamber of commerce
163
205
-
-
total
20 320
30 377
-
-
Dividends
40 809
61 123
-
-
withholding
10 010
15 089
-
-
surtax

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

550
830
-
-
total
10 560
15 919
-
-
Income
91 500
91 500
91 500
91 500
Total tax
38 100
46 296
33 582
45 244
After tax
53 400
45 204
57 918
46 256
Living cost
23 151
23 151
23 151
23 151
Free-cash
30 249
22 053
34 767
23 105

Estimated living cost  is ₴23151 per week

₴16908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1852
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4090
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31811
₴28826
₴32704
₴34232
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 837
social contributions
-
-
-
2 608
income
-
-
-
14 508
pensions
-
-
-
16 079
health
-
-
-
3 946
surtax
-
-
-
-
total
-
-
-
39 978
Employee
21 628
-
70 762
-
surtax
-
-
-
-
pensions
2 445
-
4 942
-
social contributions
617
-
2 016
-
income
1 276
-
13 810
-
total
4 338
-
20 768
-
Employer
21 628
-
70 762
-
other
746
-
2 770
-
pensions
3 553
-
8 317
-
unemployment
876
-
2 866
-
social contributions
65
-
212
-
health
1 514
-
6 573
-
total
6 754
-
20 738
-
Corporate
63 117
91 500
-
-
income
17 673
25 620
-
-
surtax
-
-
-
-
total
17 673
25 620
-
-
Dividends
45 445
65 880
-
-
withholding
5 817
8 433
-
-
social contributions
7 817
11 331
-
-
surtax
-
-
-
-
total
13 634
19 764
-
-
Income
91 500
91 500
91 500
91 500
Total tax
42 399
45 384
41 506
39 978
After tax
49 101
46 116
49 994
51 522
Living cost
17 290
17 290
17 290
17 290
Free-cash
31 811
28 826
32 704
34 232

Estimated living cost  is ₴17290 per week

₴10902
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1406
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.
₴4689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴33347
₴30539
₴34417
₴35945
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 837
social contributions
-
-
-
2 608
income
-
-
-
14 508
pensions
-
-
-
16 079
health
-
-
-
3 946
surtax
-
-
-
-
total
-
-
-
39 978
Employee
19 306
-
70 762
-
surtax
-
-
-
-
pensions
2 184
-
4 942
-
social contributions
550
-
2 016
-
income
995
-
13 810
-
total
3 729
-
20 768
-
Employer
19 306
-
70 762
-
other
667
-
2 770
-
pensions
3 172
-
8 317
-
unemployment
782
-
2 866
-
social contributions
58
-
212
-
health
1 351
-
6 573
-
total
6 030
-
20 738
-
Corporate
66 164
91 500
-
-
income
18 526
25 620
-
-
surtax
-
-
-
-
total
18 526
25 620
-
-
Dividends
47 638
65 880
-
-
withholding
6 097
8 433
-
-
social contributions
8 194
11 331
-
-
surtax
-
-
-
-
total
14 291
19 764
-
-
Income
91 500
91 500
91 500
91 500
Total tax
42 576
45 384
41 506
39 978
After tax
48 924
46 116
49 994
51 522
Living cost
15 577
15 577
15 577
15 577
Free-cash
33 347
30 539
34 417
35 945

Estimated living cost  is ₴15577 per week

₴9034
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
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.
₴4666
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45370
₴45107
₴46085
₴48045
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
13 725
health
-
-
-
6 387
total
-
-
-
32 739
Employee
17 135
-
91 500
-
health
1 196
-
6 387
-
social contributions
2 365
-
12 627
-
income
2 858
-
15 685
-
total
6 419
-
34 699
-
Employer
17 135
-
91 500
-
total
-
-
-
-
Corporate
74 365
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%.

3 718
4 575
-
-
total
3 718
4 575
-
-
Dividends
70 647
86 925
-
-
health
4 931
6 068
-
-
withholding
10 597
13 039
-
-
social contributions
9 749
11 995
-
-
total
25 277
31 102
-
-
Income
91 500
91 500
91 500
91 500
Total tax
35 414
35 677
34 699
32 739
After tax
56 086
55 823
56 801
58 761
Living cost
10 716
10 716
10 716
10 716
Free-cash
45 370
45 107
46 085
48 045

Estimated living cost  is ₴10716 per week

₴7171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴661
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32012
₴32797
₴6417
₴29161
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
366
unemployment
-
-
-
3 100
income
-
-
-
25 528
pensions
-
-
-
10 922
health
-
-
-
4 516
surtax
-
-
-
100
total
-
-
-
44 532
Employee
25 255
20 139
73 363
-
unemployment
758
604
1 771
-
other
252
201
591
-
health
977
780
2 284
-
pensions
2 586
2 062
6 046
-
income
2 875
1 485
20 588
-
total
7 448
5 132
31 280
-
Employer
25 255
20 139
73 363
-
payroll
758
604
2 201
-
other
1 200
956
3 362
-
accident
328
262
767
-
pensions
3 170
2 528
7 409
-
unemployment
758
604
1 771
-
chamber of commerce
101
81
293
-
surtax
100
100
100
-
health
954
761
2 232
-
total
7 369
5 896
18 135
-
Corporate
58 878
65 465
71 446
-
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.

14 720
16 366
17 861
-
total
14 720
16 366
17 861
-
Dividends
44 158
49 099
-
-
withholding
12 144
13 502
-
-
total
12 144
13 502
-
-
Income
91 500
91 500
91 500
91 500
Total tax
41 681
40 896
67 276
44 532
After tax
49 819
50 604
24 224
46 968
Living cost
17 807
17 807
17 807
17 807
Free-cash
32 012
32 797
6 417
29 161

Estimated living cost  is ₴17807 per week

₴11876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1519
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.
₴4119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25164
₴32742
₴13648
₴21259
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 599
national
-
-
-
34 482
communal

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

-
-
-
4 734
total
-
-
-
51 815
Employee

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

36 148
-
70 870
-
national
11 113
-
25 836
-
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.

315
-
617
-
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.

1 698
-
3 331
-
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.

2 711
-
5 315
-
communal

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

1 885
-
3 696
-
total
17 722
-
38 795
-
Employer

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

36 148
-
70 870
-
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.

470
-
922
-
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.

3 203
-
6 279
-
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.

527
-
1 035
-
surtax
4 099
-
8 036
-
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.

2 223
-
4 359
-
total
10 522
-
20 631
-
Corporate
44 830
91 500
-
-
income
8 966
18 300
-
-
surtax
179
366
-
-
total
9 145
18 666
-
-
Dividends
35 684
72 834
-
-
withholding

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

10 521
21 666
-
-
total
10 521
21 666
-
-
Income
91 500
91 500
91 500
91 500
Total tax
47 910
40 332
59 426
51 815
After tax
43 590
51 168
32 074
39 685
Living cost
18 426
18 426
18 426
18 426
Free-cash
25 164
32 742
13 648
21 259

Estimated living cost  is ₴18426 per week

₴11869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1611
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.
₴4658
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39250
₴42711
₴30952
₴33072
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
328
income
-
-
-
26 126
pensions
-
-
-
13 255
accident
-
-
-
422
total
-
-
-
40 178
Employee
25 155
-
76 567
-
unemployment
390
-
726
-
other
25
-
47
-
pensions
1 182
-
2 202
-
income
5 308
-
24 391
-
total
6 905
-
27 366
-
Employer
25 155
-
76 567
-
other
200
-
375
-
accident
498
-
927
-
pensions
5 936
-
11 054
-
unemployment
1 384
-
2 576
-
total
8 018
-
14 932
-
Corporate
58 326
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.

8 749
13 725
-
-
total
8 749
13 725
-
-
Dividends
49 577
77 775
-
-
withholding
10 328
16 814
-
-
total
10 328
16 814
-
-
Income
91 500
91 500
91 500
91 500
Total tax
34 000
30 539
42 298
40 178
After tax
57 500
60 961
49 202
51 322
Living cost
18 250
18 250
18 250
18 250
Free-cash
39 250
42 711
30 952
33 072

Estimated living cost  is ₴18250 per week

₴13439
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.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3253
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19350
₴25889
₴21146
₴17498
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 306
pensions
-
-
-
13 715
accident
-
-
-
771
communal
-
-
-
5 783
health
-
-
-
6 428
surtax
-
-
-
4 536
total
-
-
-
46 539
Employee
38 270
-
81 733
-
surtax
2 346
-
5 009
-
health
1 703
-
3 637
-
pensions
3 061
-
6 538
-
income
3 697
-
17 941
-
total
10 807
-
33 125
-
Employer
38 270
-
81 733
-
accident
344
-
736
-
pensions
3 061
-
6 538
-
health
1 167
-
2 492
-
total
4 572
-
9 766
-
Corporate
48 657
91 500
-
-
income
7 299
13 725
-
-
communal
3 285
6 176
-
-
surtax
511
961
-
-
total
11 095
20 862
-
-
Dividends
37 563
70 638
-
-
withholding
5 634
10 596
-
-
income
12 579
6 690
-
-
total
18 213
17 286
-
-
Income
91 500
91 500
91 500
91 500
Total tax
44 687
38 148
42 891
46 539
After tax
46 813
53 352
48 609
44 961
Living cost
27 463
27 463
27 463
27 463
Free-cash
19 350
25 889
21 146
17 498

Estimated living cost  is ₴27463 per week

₴20601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1664
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.
₴4906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44596
₴46202
₴28825
₴31916
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
115
income
-
-
-
25 802
pensions
-
-
-
13 489
health
-
-
-
4 788
surtax
-
-
-
4 039
total
-
-
-
48 233
Employee
17 019
-
77 303
-
surtax
60
-
3 435
-
unemployment
1 184
-
4 694
-
other
-
-
-
-
health
434
-
1 719
-
pensions
1 135
-
4 499
-
income
2 853
-
22 779
-
total
5 666
-
37 126
-
Employer
17 019
-
77 303
-
other
-
-
-
-
pensions
2 269
-
8 991
-
unemployment
540
-
2 138
-
health
774
-
3 069
-
total
3 583
-
14 198
-
Corporate
70 899
91 500
-
-
income
18 434
23 790
-
-
total
18 434
23 790
-
-
Dividends
52 465
67 710
-
-
withholding
7 870
10 157
-
-
total
7 870
10 157
-
-
Income
91 500
91 500
91 500
91 500
Total tax
35 553
33 947
51 324
48 233
After tax
55 947
57 553
40 176
43 267
Living cost
11 351
11 351
11 351
11 351
Free-cash
44 596
46 202
28 825
31 916

Estimated living cost  is ₴11351 per week

₴6853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴987
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33360
₴34481
₴25563
₴29675
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 380
social contributions
-
-
-
23 534
municipal
-
-
-
544
national
-
-
-
22 754
total
-
-
-
48 212
Employee
28 033
-
91 500
-
national
4 441
-
19 754
-
regional
377
-
1 231
-
municipal
149
-
485
-
social contributions
9 453
-
30 854
-
total
14 420
-
52 324
-
Employer
28 033
-
91 500
-
total
-
-
-
-
Corporate
63 467
91 500
-
-
nationa
15 232
21 960
-
-
municipal
3 154
4 548
-
-
total
18 386
26 508
-
-
Dividends
45 081
64 992
-
-
withholding
11 721
16 898
-
-
total
11 721
16 898
-
-
Income
91 500
91 500
91 500
91 500
Total tax
44 527
43 406
52 324
48 212
After tax
46 973
48 094
39 176
43 288
Living cost
13 613
13 613
13 613
13 613
Free-cash
33 360
34 481
25 563
29 675

Estimated living cost  is ₴13613 per week

₴8466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1379
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3535
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41869
₴47426
₴32206
₴36248
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 184
income
-
-
-
9 144
health
-
-
-
12 352
solidarity contribution
-
-
-
-
total
-
-
-
39 680
Employee
22 900
-
69 662
-
solidarity contribution
-
-
-
-
health
3 092
-
9 404
-
social contributions
1 489
-
4 048
-
income
2 748
-
8 431
-
total
7 329
-
21 883
-
Employer
22 900
-
69 662
-
social contributions
5 725
-
15 569
-
health
2 061
-
6 270
-
total
7 786
-
21 839
-
Corporate
60 814
91 500
-
-
income
11 555
17 385
-
-
total
11 555
17 385
-
-
Dividends
49 259
74 115
-
-
withholding
7 389
11 117
-
-
total
7 389
11 117
-
-
Income
91 500
91 500
91 500
91 500
Total tax
34 059
28 502
43 722
39 680
After tax
57 441
62 998
47 778
51 820
Living cost
15 572
15 572
15 572
15 572
Free-cash
41 869
47 426
32 206
36 248

Estimated living cost  is ₴15572 per week

₴11581
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴863
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.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34285
₴34535
₴8126
₴30945
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
366
unemployment
-
-
-
3 100
income
-
-
-
25 528
pensions
-
-
-
10 922
health
-
-
-
4 516
surtax
-
-
-
-
total
-
-
-
44 432
Employee
22 091
20 139
73 457
-
unemployment
663
604
1 771
-
other
221
201
591
-
health
854
780
2 284
-
pensions
2 262
2 062
6 046
-
income
1 968
1 485
20 633
-
total
5 968
5 132
31 325
-
Employer
22 091
20 139
73 457
-
payroll
663
604
2 204
-
other
1 049
956
3 366
-
accident
287
262
767
-
pensions
2 772
2 528
7 409
-
unemployment
663
604
1 771
-
chamber of commerce
88
81
293
-
surtax
-
-
-
-
health
835
761
2 232
-
total
6 357
5 796
18 042
-
Corporate
63 052
65 565
71 539
-
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.

15 763
16 391
17 884
-
total
15 763
16 391
17 884
-
Dividends
47 289
49 173
-
-
withholding
13 004
13 523
-
-
total
13 004
13 523
-
-
Income
91 500
91 500
91 500
91 500
Total tax
41 092
40 842
67 251
44 432
After tax
50 408
50 658
24 249
47 068
Living cost
16 123
16 123
16 123
16 123
Free-cash
34 285
34 535
8 126
30 945

Estimated living cost  is ₴16123 per week

₴9672
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4517
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴79253
₴80464
₴66739
₴84124
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 077
-
91 500
-
income
1 615
-
18 300
-
total
1 615
-
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%.

83 423
91 500
-
-
total
-
-
-
-
Dividends
83 423
91 500
-
-
withholding
4 171
4 575
-
-
total
4 171
4 575
-
-
Income
91 500
91 500
91 500
91 500
Total tax
5 786
4 575
18 300
915
After tax
85 714
86 925
73 200
90 585
Living cost
6 461
6 461
6 461
6 461
Free-cash
79 253
80 464
66 739
84 124

Estimated living cost  is ₴6461 per week

₴4372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴271
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45216
₴49442
₴28584
₴31008
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
137
income
-
-
-
21 086
pensions
-
-
-
16 711
health
-
-
-
9 003
total
-
-
-
46 937
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.

22 347
-
79 172
-
unemployment
32
-
111
-
health
1 443
-
5 115
-
pensions
3 464
-
12 271
-
income
3 854
-
19 536
-
total
8 793
-
37 033
-
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.

22 347
-
79 172
-
pensions
1 977
-
7 006
-
unemployment
13
-
48
-
health
1 488
-
5 274
-
total
3 478
-
12 328
-
Corporate
65 674
91 500
-
-
income
12 478
17 385
-
-
total
12 478
17 385
-
-
Dividends
53 196
74 115
-
-
withholding
7 980
11 118
-
-
total
7 980
11 118
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 729
28 503
49 361
46 937
After tax
58 771
62 997
42 139
44 563
Living cost
13 555
13 555
13 555
13 555
Free-cash
45 216
49 442
28 584
31 008

Estimated living cost  is ₴13555 per week

₴9302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴869
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9761
₴33833
₴63006
₴41398
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
31 310
-
-
-
social contributions
2 567
-
366
-
income
6 906
-
-
-
total
9 473
-
366
-
Employer
31 310
-
-
-
social contributions
44 147
-
6 292
-
total
44 147
-
6 292
-
Corporate
16 043
91 500
-
-
income
3 530
20 130
-
-
total
3 530
20 130
-
-
Dividends
12 514
71 370
-
-
income
2 753
15 701
-
-
total
2 753
15 701
-
-
Income
91 500
91 500
91 500
91 500
Total tax
59 903
35 831
6 658
28 266
After tax
31 597
55 669
84 842
63 234
Living cost
21 836
21 836
21 836
21 836
Free-cash
9 761
33 833
63 006
41 398

Estimated living cost  is ₴21836 per week

₴14168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2054
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.
₴5336
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35685
₴36194
₴26055
₴32993
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 860
surtax
-
-
-
-
total
-
-
-
42 656
Employee
23 242
-
73 940
-
surtax
-
-
-
-
social contributions
2 557
-
8 133
-
income
4 834
-
23 901
-
total
7 391
-
32 034
-
Employer
23 242
-
73 940
-
social contributions
5 520
-
17 560
-
total
5 520
-
17 560
-
Corporate
62 738
91 500
-
-
income
13 175
19 215
-
-
surtax
-
-
-
-
total
13 175
19 215
-
-
Dividends
49 563
72 285
-
-
withholding
13 878
20 240
-
-
total
13 878
20 240
-
-
Income
91 500
91 500
91 500
91 500
Total tax
39 964
39 455
49 594
42 656
After tax
51 536
52 045
41 906
48 844
Living cost
15 851
15 851
15 851
15 851
Free-cash
35 685
36 194
26 055
32 993

Estimated living cost  is ₴15851 per week

₴11860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25183
₴21708
₴25586
₴27114
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 837
social contributions
-
-
-
2 608
income
-
-
-
14 508
pensions
-
-
-
16 079
health
-
-
-
3 946
surtax
-
-
-
-
total
-
-
-
39 978
Employee
31 651
-
70 762
-
surtax
-
-
-
-
pensions
3 580
-
4 942
-
social contributions
901
-
2 016
-
income
2 762
-
13 810
-
total
7 243
-
20 768
-
Employer
31 651
-
70 762
-
other
1 092
-
2 770
-
pensions
5 201
-
8 317
-
unemployment
1 282
-
2 866
-
social contributions
95
-
212
-
health
2 215
-
6 573
-
total
9 885
-
20 738
-
Corporate
49 963
91 500
-
-
income
13 990
25 620
-
-
surtax
-
-
-
-
total
13 990
25 620
-
-
Dividends
35 973
65 880
-
-
withholding
4 604
8 433
-
-
social contributions
6 187
11 331
-
-
surtax
-
-
-
-
total
10 791
19 764
-
-
Income
91 500
91 500
91 500
91 500
Total tax
41 909
45 384
41 506
39 978
After tax
49 591
46 116
49 994
51 522
Living cost
24 408
24 408
24 408
24 408
Free-cash
25 183
21 708
25 586
27 114

Estimated living cost  is ₴24408 per week

₴16519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1997
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴335
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65462
₴67159
₴54542
₴52111
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 068
social contributions
-
-
-
20 130
total
-
-
-
24 198
Employee
16 247
-
79 220
-
social contributions
1 056
-
5 149
-
income
-
-
4 339
-
total
1 056
-
9 488
-
Employer
16 247
-
79 220
-
social contributions
2 518
-
12 279
-
total
2 518
-
12 279
-
Corporate
72 735
91 500
-
-
income
7 273
9 150
-
-
total
7 273
9 150
-
-
Dividends
65 462
82 350
-
-
total
-
-
-
-
Income
91 500
91 500
91 500
91 500
Total tax
10 847
9 150
21 767
24 198
After tax
80 653
82 350
69 733
67 302
Living cost
15 191
15 191
15 191
15 191
Free-cash
65 462
67 159
54 542
52 111

Estimated living cost  is ₴15191 per week

₴9822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1145
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.
₴3938
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18449
-₴18449
-₴18449
₴29512
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
437
municipal
-
-
-
19 137
labour market
-
-
-
7 285
national
-
-
-
10 826
total
-
-
-
37 685
Employee
102 578
102 578
102 578
-
national
12 532
12 532
12 532
-
municipal
21 843
21 843
21 843
-
labour market
8 195
8 195
8 195
-
pensions
146
146
146
-
total
42 716
42 716
42 716
-
Employer
102 578
102 578
102 578
-
municipal
21 878
21 878
21 878
-
pensions
292
292
292
-
national
12 554
12 554
12 554
-
labour market
8 206
8 206
8 206
-
total
42 930
42 930
42 930
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
91 500
91 500
91 500
91 500
Total tax
85 646
85 646
85 646
37 685
After tax
5 854
5 854
5 854
53 815
Living cost
24 303
24 303
24 303
24 303
Free-cash
-18 449
-18 449
-18 449
29 512

Estimated living cost  is ₴24303 per week

₴16633
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2150
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴374
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5146
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5692
-₴3791
₴38515
₴51345
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192
income
-
-
-
25 352
pensions
-
-
-
2 150
accident
-
-
-
131
health
-
-
-
1 127
total
-
-
-
28 952
Employee
17 622
-
82 411
-
health
2 018
-
9 436
-
pensions
1 984
-
3 943
-
income
2 418
-
19 314
-
total
6 420
-
32 693
-
Employer
17 622
-
82 411
-
accident
294
-
1 376
-
pensions
2 865
-
5 694
-
unemployment
432
-
2 019
-
total
3 591
-
9 089
-
Corporate
70 286
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.

63 258
82 350
-
-
total
63 258
82 350
-
-
Dividends
7 029
9 150
-
-
withholding
1 336
1 738
-
-
total
1 336
1 738
-
-
Income
91 500
91 500
91 500
91 500
Total tax
74 605
84 088
41 782
28 952
After tax
16 895
7 412
49 718
62 548
Living cost
11 203
11 203
11 203
11 203
Free-cash
5 692
-3 791
38 515
51 345

Estimated living cost  is ₴11203 per week

₴8154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2199
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39110
₴37780
₴28439
₴39255
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
16 254
national
-
-
-
15 391
health
-
-
-
1 198
total
-
-
-
32 843
Employee
26 588
-
76 975
-
national
439
-
9 271
-
unemployment
399
-
1 155
-
health
199
-
974
-
municipal
4 355
-
12 537
-
pensions
1 794
-
5 196
-
total
7 186
-
29 133
-
Employer
26 588
-
76 975
-
accident
27
-
77
-
pensions
4 613
-
13 355
-
unemployment
173
-
501
-
health
204
-
593
-
total
5 017
-
14 526
-
Corporate
59 896
91 500
-
-
income
11 979
18 300
-
-
total
11 979
18 300
-
-
Dividends

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

35 938
54 900
-
-
municipal
6 468
9 882
-
-
national
2 338
6 136
-
-
total
8 806
16 018
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 988
34 318
43 659
32 843
After tax
58 512
57 182
47 841
58 657
Living cost
19 402
19 402
19 402
19 402
Free-cash
39 110
37 780
28 439
39 255

Estimated living cost  is ₴19402 per week

₴12673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52293
₴55043
₴49918
₴50717
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 176
income
-
-
-
18 574
health
-
-
-
2 333
total
-
-
-
29 083
Employee
38 859
38 859
85 567
-
health
301
661
1 455
-
social contributions
1 469
3 225
4 350
-
income
4 231
3 597
18 144
-
total
6 001
7 483
23 949
-
Employer
38 859
38 859
85 567
-
social contributions
1 469
3 225
4 350
-
health
327
719
1 583
-
total
1 796
3 944
5 933
-
Corporate
72 002
48 696
-
-
income
9 000
6 087
-
-
total
9 000
6 087
-
-
Dividends
63 002
42 609
-
-
withholding
10 710
7 243
-
-
total
10 710
7 243
-
-
Income
91 500
91 500
91 500
91 500
Total tax
27 507
24 757
29 882
29 083
After tax
63 993
66 743
61 618
62 417
Living cost
11 700
11 700
11 700
11 700
Free-cash
52 293
55 043
49 918
50 717

Estimated living cost  is ₴11700 per week

₴7012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1148
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3282
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65176
₴67748
₴58952
₴69089
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
14
income
-
-
-
9 330
pensions
-
-
-
3 215
health
-
-
-
1 829
total
-
-
-
14 388
Employee

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

11 600
-
86 561
-
unemployment
58
-
240
-
health
986
-
4 076
-
pensions
1 740
-
7 193
-
income
793
-
8 077
-
total
3 577
-
19 586
-
Employer

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

11 600
-
86 561
-
pensions
638
-
2 637
-
unemployment
58
-
240
-
health
499
-
2 062
-
total
1 195
-
4 939
-
Corporate
78 706
91 500
-
-
income
7 083
8 235
-
-
total
7 083
8 235
-
-
Dividends
71 623
83 265
-
-
withholding
6 446
7 494
-
-
total
6 446
7 494
-
-
Income
91 500
91 500
91 500
91 500
Total tax
18 301
15 729
24 525
14 388
After tax
73 199
75 771
66 975
77 112
Living cost
8 023
8 023
8 023
8 023
Free-cash
65 176
67 748
58 952
69 089

Estimated living cost  is ₴8023 per week

₴5119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴578
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44832
₴47064
₴35305
₴37425
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
328
income
-
-
-
26 126
pensions
-
-
-
13 255
accident
-
-
-
422
total
-
-
-
40 178
Employee
18 686
-
76 567
-
unemployment
290
-
726
-
other
18
-
47
-
pensions
878
-
2 202
-
income
3 603
-
24 391
-
total
4 789
-
27 366
-
Employer
18 686
-
76 567
-
other
150
-
375
-
accident
370
-
927
-
pensions
4 410
-
11 054
-
unemployment
1 028
-
2 576
-
total
5 958
-
14 932
-
Corporate
66 857
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.

10 028
13 725
-
-
total
10 028
13 725
-
-
Dividends
56 828
77 775
-
-
withholding
11 996
16 814
-
-
total
11 996
16 814
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 771
30 539
42 298
40 178
After tax
58 729
60 961
49 202
51 322
Living cost
13 897
13 897
13 897
13 897
Free-cash
44 832
47 064
35 305
37 425

Estimated living cost  is ₴13897 per week

₴9380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1336
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.
₴2937
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55984
₴56142
₴57892
₴57961
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
31 385
pensions
-
-
-
696
health
-
-
-
504
total
-
-
-
32 585
Employee
1 453
-
90 717
-
unemployment
15
-
35
-
health
73
-
174
-
pensions
131
-
313
-
income
281
-
31 349
-
total
500
-
31 871
-
Employer
1 453
-
90 717
-
pensions
160
-
383
-
unemployment
29
-
70
-
health
138
-
330
-
total
327
-
783
-
Corporate
89 721
91 500
-
-
income
19 739
20 130
-
-
total
19 739
20 130
-
-
Dividends
69 982
71 370
-
-
withholding
13 996
14 274
-
-
total
13 996
14 274
-
-
Income
91 500
91 500
91 500
91 500
Total tax
34 562
34 404
32 654
32 585
After tax
56 938
57 096
58 846
58 915
Living cost
954
954
954
954
Free-cash
55 984
56 142
57 892
57 961

Estimated living cost  is ₴954 per week

₴567
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.
₴288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54894
₴57379
₴47902
₴47901
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
560
income
-
-
-
20 766
pensions
-
-
-
9 700
health
-
-
-
3 843
total
-
-
-
34 869
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.

13 164
-
84 822
-
unemployment
99
-
280
-
health
678
-
1 921
-
pensions
1 843
-
5 223
-
income
1 815
-
20 766
-
total
4 435
-
28 190
-
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.

13 164
-
84 822
-
pensions
1 580
-
4 477
-
unemployment
99
-
280
-
health
678
-
1 921
-
total
2 357
-
6 678
-
Corporate
75 979
91 500
-
-
income
11 397
13 725
-
-
total
11 397
13 725
-
-
Dividends
64 583
77 775
-
-
withholding
9 687
11 666
-
-
total
9 687
11 666
-
-
Income
91 500
91 500
91 500
91 500
Total tax
27 876
25 391
34 868
34 869
After tax
63 624
66 109
56 632
56 631
Living cost
8 730
8 730
8 730
8 730
Free-cash
54 894
57 379
47 902
47 901

Estimated living cost  is ₴8730 per week

₴5878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴675
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.
₴1924
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38239
₴38421
₴28282
₴35220
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 860
surtax
-
-
-
-
total
-
-
-
42 656
Employee
19 614
-
73 940
-
surtax
-
-
-
-
social contributions
2 158
-
8 133
-
income
3 832
-
23 901
-
total
5 990
-
32 034
-
Employer
19 614
-
73 940
-
social contributions
4 658
-
17 560
-
total
4 658
-
17 560
-
Corporate
67 228
91 500
-
-
income
14 118
19 215
-
-
surtax
-
-
-
-
total
14 118
19 215
-
-
Dividends
53 111
72 285
-
-
withholding
14 871
20 240
-
-
total
14 871
20 240
-
-
Income
91 500
91 500
91 500
91 500
Total tax
39 637
39 455
49 594
42 656
After tax
51 863
52 045
41 906
48 844
Living cost
13 624
13 624
13 624
13 624
Free-cash
38 239
38 421
28 282
35 220

Estimated living cost  is ₴13624 per week

₴9650
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴947
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.
₴2787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39893
₴43201
₴31442
₴33562
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
328
income
-
-
-
26 126
pensions
-
-
-
13 255
accident
-
-
-
422
total
-
-
-
40 178
Employee
24 406
-
76 567
-
unemployment
378
-
726
-
other
24
-
47
-
pensions
1 147
-
2 202
-
income
5 098
-
24 391
-
total
6 647
-
27 366
-
Employer
24 406
-
76 567
-
other
196
-
375
-
accident
483
-
927
-
pensions
5 760
-
11 054
-
unemployment
1 343
-
2 576
-
total
7 782
-
14 932
-
Corporate
59 312
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.

8 897
13 725
-
-
total
8 897
13 725
-
-
Dividends
50 416
77 775
-
-
withholding
10 521
16 814
-
-
total
10 521
16 814
-
-
Income
91 500
91 500
91 500
91 500
Total tax
33 847
30 539
42 298
40 178
After tax
57 653
60 961
49 202
51 322
Living cost
17 760
17 760
17 760
17 760
Free-cash
39 893
43 201
31 442
33 562

Estimated living cost  is ₴17760 per week

₴12755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1381
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3375
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66423
₴69513
₴67939
₴64328
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
71
income
-
-
-
13 725
pensions

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

-
-
-
2 620
health
-
-
-
2 036
total
-
-
-
18 452
Employee
11 546
-
88 026
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
health
531
-
814
-
pensions

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

1 014
-
1 555
-
income
1 155
-
8 803
-
total
2 827
-
11 367
-
Employer
11 546
-
88 026
-
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
-
1 951
-
unemployment
69
-
106
-
health
797
-
1 222
-
total
2 265
-
3 474
-
Corporate
77 689
91 500
-
-
income
7 769
9 150
-
-
total
7 769
9 150
-
-
Dividends
69 920
82 350
-
-
withholding
3 496
4 117
-
-
total
3 496
4 117
-
-
Income
91 500
91 500
91 500
91 500
Total tax
16 357
13 267
14 841
18 452
After tax
75 143
78 233
76 659
73 048
Living cost
8 720
8 720
8 720
8 720
Free-cash
66 423
69 513
67 939
64 328

Estimated living cost  is ₴8720 per week

₴5767
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.
₴2246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34186
₴27575
₴38408
₴28649
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
9 759
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.

-
-
-
28 559
health

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

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

-
-
-
3 452
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.

-
-
-
1 571
total
-
-
-
43 341
Employee

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

25 145
-
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.

114
-
1 571
-
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.

3 452
-
3 452
-
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.

2 068
-
28 559
-
total
5 634
-
33 582
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
66 355
91 500
-
-
trade
9 522
13 131
-
-
income
9 954
13 725
-
-
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.

548
755
-
-
chamber of commerce
174
211
-
-
total
20 198
27 822
-
-
Dividends
46 159
63 678
-
-
withholding
11 348
15 728
-
-
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.

624
865
-
-
total
11 972
16 593
-
-
Income
91 500
91 500
91 500
91 500
Total tax
37 804
44 415
33 582
43 341
After tax
53 696
47 085
57 918
48 159
Living cost
19 510
19 510
19 510
19 510
Free-cash
34 186
27 575
38 408
28 649

Estimated living cost  is ₴19510 per week

₴13459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2099
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3669
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36379
₴35263
₴19143
₴19143
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 323
income
-
-
-
28 247
total
-
-
-
43 570
Employee
39 530
-
91 500
-
social contributions
3 284
-
15 323
-
income
7 459
-
28 247
-
total
10 743
-
43 570
-
Employer
39 530
-
91 500
-
total
-
-
-
-
Corporate
51 970
91 500
-
-
income
6 496
11 437
-
-
total
6 496
11 437
-
-
Dividends
45 474
80 063
-
-
withholding
9 095
16 013
-
-
total
9 095
16 013
-
-
Income
91 500
91 500
91 500
91 500
Total tax
26 334
27 450
43 570
43 570
After tax
65 166
64 050
47 930
47 930
Living cost
28 787
28 787
28 787
28 787
Free-cash
36 379
35 263
19 143
19 143

Estimated living cost  is ₴28787 per week

₴21901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2346
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.
₴4266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40226
₴38461
₴46562
₴55687
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 084
income
-
-
-
14 385
total
-
-
-
17 469
Employee
23 183
-
89 175
-
social contributions
2 323
-
2 325
-
income
2 515
-
21 944
-
total
4 838
-
24 269
-
Employer
23 183
-
89 175
-
social contributions
2 323
-
2 325
-
total
2 323
-
2 325
-
Corporate
65 995
91 500
-
-
income
23 099
32 025
-
-
total
23 099
32 025
-
-
Dividends
42 896
59 475
-
-
social contributions
2 670
2 670
-
-
total
2 670
2 670
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 930
34 695
26 594
17 469
After tax
58 570
56 805
64 906
74 031
Living cost
18 344
18 344
18 344
18 344
Free-cash
40 226
38 461
46 562
55 687

Estimated living cost  is ₴18344 per week

₴12083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1446
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴43878
₴40899
₴33509
₴41775
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 460
pensions
-
-
-
4 584
total
-
-
-
31 044
Employee
25 642
-
79 903
-
health
334
-
1 148
-
pensions
1 957
-
5 616
-
income
4 670
-
20 949
-
total
6 961
-
27 713
-
Employer
25 642
-
79 903
-
pensions
2 591
-
10 078
-
health
487
-
1 519
-
total
3 078
-
11 597
-
Corporate
62 780
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.

11 928
17 385
-
-
total
11 928
17 385
-
-
Dividends
50 852
74 115
-
-
withholding
6 974
14 535
-
-
total
6 974
14 535
-
-
Income
91 500
91 500
91 500
91 500
Total tax
28 941
31 920
39 310
31 044
After tax
62 559
59 580
52 190
60 456
Living cost
18 681
18 681
18 681
18 681
Free-cash
43 878
40 899
33 509
41 775

Estimated living cost  is ₴18681 per week

₴12815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3913
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴5524
-₴4900
₴37406
₴50236
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192
income
-
-
-
25 352
pensions
-
-
-
2 150
accident
-
-
-
131
health
-
-
-
1 127
total
-
-
-
28 952
Employee
19 367
-
82 411
-
health
2 217
-
9 436
-
pensions
2 181
-
3 943
-
income
2 657
-
19 314
-
total
7 055
-
32 693
-
Employer
19 367
-
82 411
-
accident
323
-
1 376
-
pensions
3 149
-
5 694
-
unemployment
474
-
2 019
-
total
3 946
-
9 089
-
Corporate
68 186
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.

61 368
82 350
-
-
total
61 368
82 350
-
-
Dividends
6 819
9 150
-
-
withholding
1 295
1 738
-
-
total
1 295
1 738
-
-
Income
91 500
91 500
91 500
91 500
Total tax
73 664
84 088
41 782
28 952
After tax
17 836
7 412
49 718
62 548
Living cost
12 312
12 312
12 312
12 312
Free-cash
5 524
-4 900
37 406
50 236

Estimated living cost  is ₴12312 per week

₴9035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴717
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.
₴2311
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67809
₴70174
₴58445
₴47339
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
969
income
-
-
-
15 124
pensions
-
-
-
14 863
health insurance
-
-
-
5 978
work injury
-
-
-
404
total
-
-
-
37 338
Employee

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

10 916
-
91 500
-
health insurance
808
-
2 989
-
unemployment
131
-
485
-
work injury
55
-
202
-
pensions
2 009
-
7 432
-
income
1 092
-
15 124
-
total
4 095
-
26 232
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
80 584
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%.

806
915
-
-
total
806
915
-
-
Dividends
79 778
90 585
-
-
withholding
11 967
13 588
-
-
total
11 967
13 588
-
-
Income
91 500
91 500
91 500
91 500
Total tax
16 868
14 503
26 232
37 338
After tax
74 632
76 997
65 268
54 162
Living cost
6 823
6 823
6 823
6 823
Free-cash
67 809
70 174
58 445
47 339

Estimated living cost  is ₴6823 per week

₴4227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25766
₴28065
₴18352
₴22369
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
2 099
social contributions
-
-
-
23 534
municipal
-
-
-
612
national
-
-
-
22 754
total
-
-
-
48 999
Employee
42 584
-
91 500
-
national
7 196
-
19 754
-
regional
643
-
1 862
-
municipal
254
-
546
-
social contributions
14 359
-
30 854
-
total
22 452
-
53 016
-
Employer
42 584
-
91 500
-
total
-
-
-
-
Corporate
48 916
91 500
-
-
nationa
11 740
21 960
-
-
municipal
2 358
4 410
-
-
total
14 098
26 370
-
-
Dividends
34 817
65 129
-
-
withholding
9 052
16 933
-
-
total
9 052
16 933
-
-
Income
91 500
91 500
91 500
91 500
Total tax
45 602
43 303
53 016
48 999
After tax
45 898
48 197
38 484
42 501
Living cost
20 132
20 132
20 132
20 132
Free-cash
25 766
28 065
18 352
22 369

Estimated living cost  is ₴20132 per week

₴14141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4301
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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