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
₴31204
₴42813
₴32012
₴36658
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
28 798
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.

-
-
-
1 584
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.

-
-
-
3 369
trade
-
-
-
10 801
total
-
-
-
44 552
Employee

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

18 860
-
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.

29
-
1 584
-
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.

527
-
28 798
-
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.

3 369
-
3 369
-
total
3 925
-
33 751
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
72 640
91 500
-
-
income
10 896
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.

599
755
-
-
chamber of commerce
180
207
-
-
trade
11 441
14 412
-
-
total
23 116
29 099
-
-
Dividends
49 525
62 402
-
-
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.

671
848
-
-
withholding
12 194
15 413
-
-
total
12 865
16 261
-
-
Income
91 500
91 500
91 500
91 500
Total tax
39 906
45 360
33 751
44 552
After tax
51 594
46 140
57 749
46 948
Living cost
14 936
14 936
14 936
14 936
Free-cash
36 658
31 204
42 813
32 012

Estimated living cost  is ₴14936 per week

₴9395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30982
₴28270
₴27777
₴30549
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
10 029
national
-
-
-
15 616
pensions
-
-
-
10 980
total
-
-
-
37 609
Employee
40 482
-
79 101
-
municipal
5 000
-
10 383
-
pensions
1 619
-
3 164
-
national
7 748
-
16 391
-
total
14 367
-
29 938
-
Employer
40 482
-
79 101
-
pensions
3 239
-
6 328
-
social contributions
435
-
850
-
total
3 674
-
7 178
-
Corporate
44 672
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%.

8 934
18 300
-
-
total
8 934
18 300
-
-
Dividends
35 738
73 200
-
-
withholding
7 862
16 104
-
-
total
7 862
16 104
-
-
Income
91 500
91 500
91 500
91 500
Total tax
34 837
34 404
37 116
37 609
After tax
56 663
57 096
54 384
53 891
Living cost
26 114
26 114
26 114
26 114
Free-cash
30 549
30 982
28 270
27 777

Estimated living cost  is ₴26114 per week

₴17750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴391
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5546
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴62941
₴28500
₴21715
₴58896
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
17 301
surtax
-
-
-
23 332
social contributions

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

-
-
-
18 893
microenterprise
-
-
-
-
total
-
-
-
59 526
Employee
14 409
-
69 678
-
surtax
-
-
10 103
-
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.

1 585
-
6 464
-
income
2 565
-
14 352
-
total
4 150
-
30 919
-
Employer
14 409
-
69 678
-
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.

3 471
-
14 157
-
surtax
-
-
7 665
-
total
3 471
-
21 822
-
Corporate
73 621
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%.

14 724
18 300
-
-
total
14 724
18 300
-
-
Dividends

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

58 896
73 200
-
-
total
-
-
-
-
Income
91 500
91 500
91 500
91 500
Total tax
22 345
18 300
52 741
59 526
After tax
69 155
73 200
38 759
31 974
Living cost
10 259
10 259
10 259
10 259
Free-cash
58 896
62 941
28 500
21 715

Estimated living cost  is ₴10259 per week

₴6545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
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.
₴2504
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24713
₴37013
₴29535
₴21691
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 450
health
-
-
-
6 081
pensions
-
-
-
5 777
total
-
-
-
41 308
Employee
42 109
42 109
82 336
-
pensions
7 580
5 777
5 777
-
income

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

6 893
6 893
12 808
-
health
6 463
5 498
6 081
-
total
20 936
18 168
24 666
-
Employer
42 109
42 109
82 336
-
health
2 927
2 927
3 637
-
pensions
2 931
2 931
3 643
-
unemployment
1 516
1 516
1 884
-
total
7 374
7 374
9 164
-
Corporate
42 534
42 017
-
-
income
8 507
8 403
-
-
total
8 507
8 403
-
-
Dividends
34 027
33 614
-
-
income
7 231
7 143
-
-
withholding
5 104
5 042
-
-
total
12 335
12 185
-
-
Income
91 500
91 500
91 500
91 500
Total tax
49 152
46 130
33 830
41 308
After tax
42 348
45 370
57 670
50 192
Living cost
20 657
20 657
20 657
20 657
Free-cash
21 691
24 713
37 013
29 535

Estimated living cost  is ₴20657 per week

₴14639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1862
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3827
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29814
₴26193
₴26682
₴29361
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
88
other
-
-
-
5 130
unemployment
-
-
-
44
health
-
-
-
2 755
municipal
-
-
-
23 471
national
-
-
-
8 412
pensions
-
-
-
4 773
total
-
-
-
44 673
Employee
28 705
-
77 628
-
municipal
8 560
-
23 149
-
national
-
-
8 141
-
total
8 560
-
31 290
-
Employer
28 705
-
77 628
-
health
1 765
-
2 715
-
pensions
3 103
-
4 773
-
accident
57
-
88
-
unemployment
758
-
1 166
-
other
3 336
-
5 130
-
total
9 019
-
13 872
-
Corporate
53 776
91 500
-
-
income
11 831
20 130
-
-
total
11 831
20 130
-
-
Dividends
41 945
71 370
-
-
withholding
12 584
21 411
-
-
total
12 584
21 411
-
-
Income
91 500
91 500
91 500
91 500
Total tax
41 994
41 541
45 162
44 673
After tax
49 506
49 959
46 338
46 827
Living cost
20 145
20 145
20 145
20 145
Free-cash
29 361
29 814
26 193
26 682

Estimated living cost  is ₴20145 per week

₴13351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26299
₴38378
₴27097
₴33229
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
28 798
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.

-
-
-
1 584
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.

-
-
-
3 369
trade
-
-
-
11 281
total
-
-
-
45 032
Employee

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

25 006
-
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.

118
-
1 584
-
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.

2 149
-
28 798
-
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.

3 369
-
3 369
-
total
5 636
-
33 751
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
66 494
91 500
-
-
income
9 974
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
169
205
-
-
trade
10 938
15 052
-
-
total
21 629
29 737
-
-
Dividends
44 864
61 763
-
-
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.

606
839
-
-
withholding
11 029
15 254
-
-
total
11 635
16 093
-
-
Income
91 500
91 500
91 500
91 500
Total tax
38 900
45 830
33 751
45 032
After tax
52 600
45 670
57 749
46 468
Living cost
19 371
19 371
19 371
19 371
Free-cash
33 229
26 299
38 378
27 097

Estimated living cost  is ₴19371 per week

₴12956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2043
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.
₴4084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50740
₴45521
₴46314
₴48694
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 881
social contributions
-
-
-
7 978
health
-
-
-
2 333
total
-
-
-
29 192
Employee
37 917
37 917
85 670
-
social contributions
1 843
3 147
4 245
-
income
3 982
3 510
18 454
-
health
377
645
1 456
-
total
6 202
7 302
24 155
-
Employer
37 917
37 917
85 670
-
health
411
702
1 585
-
social contributions
1 843
3 147
4 245
-
total
2 254
3 849
5 830
-
Corporate
67 052
49 734
-
-
income
8 382
6 217
-
-
total
8 382
6 217
-
-
Dividends
58 670
43 517
-
-
withholding
9 974
7 398
-
-
total
9 974
7 398
-
-
Income
91 500
91 500
91 500
91 500
Total tax
26 812
24 766
29 985
29 192
After tax
64 688
66 734
61 515
62 308
Living cost
15 994
15 994
15 994
15 994
Free-cash
48 694
50 740
45 521
46 314

Estimated living cost  is ₴15994 per week

₴10933
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1249
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.
₴3543
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42328
₴43978
₴54323
₴42517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 186
unemployment
-
-
-
1 372
health
-
-
-
6 405
pensions
-
-
-
9 150
total
-
-
-
28 113
Employee

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

The minimum wage is 138,000 HUF per month.

13 084
5 207
76 569
-
unemployment
196
78
1 149
-
pensions
1 308
521
7 657
-
income
1 600
637
9 361
-
health
916
365
5 360
-
total
4 020
1 601
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.

13 084
5 207
76 569
-
pensions
2 551
1 015
14 931
-
total
2 551
1 015
14 931
-
Corporate
75 865
85 277
-
-
income
6 828
7 675
-
-
total
6 828
7 675
-
-
Dividends
69 037
77 602
-
-
social contributions
13 403
15 073
-
-
withholding
13 117
14 744
-
-
total
26 520
29 817
-
-
Income
91 500
91 500
91 500
91 500
Total tax
39 919
40 108
38 458
28 113
After tax
51 581
51 392
53 042
63 387
Living cost
9 064
9 064
9 064
9 064
Free-cash
42 517
42 328
43 978
54 323

Estimated living cost  is ₴9064 per week

₴6185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴742
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1956
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61290
₴40829
₴37134
₴58226
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
11 895
pensions
-
-
-
18 300
total
-
-
-
42 456
Employee
13 989
-
68 386
-
unemployment
224
-
1 094
-
pensions
280
-
1 368
-
income
1 575
-
13 185
-
total
2 079
-
15 647
-
Employer
13 989
-
68 386
-
health
1 818
-
8 890
-
pensions
2 798
-
13 677
-
unemployment
112
-
547
-
total
4 728
-
23 114
-
Corporate
72 783
91 500
-
-
income
14 557
18 300
-
-
total
14 557
18 300
-
-
Dividends
58 226
73 200
-
-
total
-
-
-
-
Income
91 500
91 500
91 500
91 500
Total tax
21 364
18 300
38 761
42 456
After tax
70 136
73 200
52 739
49 044
Living cost
11 910
11 910
11 910
11 910
Free-cash
58 226
61 290
40 829
37 134

Estimated living cost  is ₴11910 per week

₴8169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴709
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.
₴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 Tallinn model

Close
Gdansk , Poland
-₴3555
₴38863
₴51569
₴5728
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
25 492
other
-
-
-
185
health
-
-
-
1 087
pensions
-
-
-
2 074
total
-
-
-
28 964
Employee
17 251
-
82 605
-
pensions
1 943
-
3 803
-
income
2 367
-
19 513
-
health
1 975
-
9 458
-
total
6 285
-
32 774
-
Employer
17 251
-
82 605
-
pensions
2 805
-
5 492
-
accident
288
-
1 380
-
unemployment
423
-
2 024
-
total
3 516
-
8 896
-
Corporate
70 733
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.

63 660
82 350
-
-
total
63 660
82 350
-
-
Dividends
7 073
9 150
-
-
withholding
1 344
1 738
-
-
total
1 344
1 738
-
-
Income
91 500
91 500
91 500
91 500
Total tax
74 805
84 088
41 670
28 964
After tax
16 695
7 412
49 830
62 536
Living cost
10 967
10 967
10 967
10 967
Free-cash
5 728
-3 555
38 863
51 569

Estimated living cost  is ₴10967 per week

₴8038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴82924
₴69199
₴86584
₴82174
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 001
-
91 500
-
income
1 000
-
18 300
-
total
1 000
-
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%.

86 499
91 500
-
-
total
-
-
-
-
Dividends
86 499
91 500
-
-
withholding
4 325
4 575
-
-
total
4 325
4 575
-
-
Income
91 500
91 500
91 500
91 500
Total tax
5 325
4 575
18 300
915
After tax
86 175
86 925
73 200
90 585
Living cost
4 001
4 001
4 001
4 001
Free-cash
82 174
82 924
69 199
86 584

Estimated living cost  is ₴4001 per week

₴2479
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1079
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54086
₴38607
₴38929
₴50754
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 574
other
-
-
-
3 562
health
-
-
-
3 299
pensions

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

-
-
-
17 997
total
-
-
-
39 432
Employee
17 904
-
73 083
-
unemployment
179
-
731
-
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.

1 253
-
5 116
-
income
3 082
-
14 467
-
health
251
-
1 023
-
total
4 765
-
21 337
-
Employer
17 904
-
73 083
-
health
251
-
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.

3 044
-
12 424
-
accident
143
-
585
-
unemployment
179
-
731
-
other
896
-
3 654
-
total
4 513
-
18 417
-
Corporate
69 084
91 500
-
-
income
14 508
19 215
-
-
total
14 508
19 215
-
-
Dividends
54 576
72 285
-
-
withholding
3 821
5 060
-
-
total
3 821
5 060
-
-
Income
91 500
91 500
91 500
91 500
Total tax
27 607
24 275
39 754
39 432
After tax
63 893
67 225
51 746
52 068
Living cost
13 139
13 139
13 139
13 139
Free-cash
50 754
54 086
38 607
38 929

Estimated living cost  is ₴13139 per week

₴9284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴887
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26631
₴19338
₴27589
₴29168
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 728
pensions
-
-
-
4 505
total
-
-
-
31 233
Employee
46 235
-
79 880
-
pensions
4 460
-
5 501
-
income
8 334
-
21 227
-
health
762
-
1 137
-
total
13 556
-
27 865
-
Employer
46 235
-
79 880
-
health
878
-
1 517
-
pensions
5 459
-
10 102
-
total
6 337
-
11 619
-
Corporate
38 928
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.

7 396
17 385
-
-
total
7 396
17 385
-
-
Dividends
31 532
74 115
-
-
withholding
2 365
14 806
-
-
total
2 365
14 806
-
-
Income
91 500
91 500
91 500
91 500
Total tax
29 654
32 191
39 484
31 233
After tax
61 846
59 309
52 016
60 267
Living cost
32 678
32 678
32 678
32 678
Free-cash
29 168
26 631
19 338
27 589

Estimated living cost  is ₴32678 per week

₴24486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴71768
₴70352
₴66711
₴69477
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 725
unemployment
-
-
-
69
health
-
-
-
1 981
pensions

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

-
-
-
2 549
total
-
-
-
18 324
Employee
8 561
-
88 121
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

752
-
1 512
-
income
856
-
8 812
-
health
394
-
792
-
total
2 096
-
11 305
-
Employer
8 561
-
88 121
-
health
591
-
1 188
-
pensions

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

943
-
1 898
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
unemployment
51
-
103
-
total
1 679
-
3 378
-
Corporate
81 260
91 500
-
-
income
8 126
9 150
-
-
total
8 126
9 150
-
-
Dividends
73 134
82 350
-
-
withholding
3 657
4 117
-
-
total
3 657
4 117
-
-
Income
91 500
91 500
91 500
91 500
Total tax
15 558
13 267
14 683
18 324
After tax
75 942
78 233
76 817
73 176
Living cost
6 465
6 465
6 465
6 465
Free-cash
69 477
71 768
70 352
66 711

Estimated living cost  is ₴6465 per week

₴3774
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴462
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18027
₴30327
₴22849
₴19268
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 450
health
-
-
-
6 081
pensions
-
-
-
5 777
total
-
-
-
41 308
Employee
45 717
42 109
82 336
-
pensions
5 777
5 777
5 777
-
income

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

6 893
6 893
12 808
-
health
5 703
5 498
6 081
-
total
18 373
18 168
24 666
-
Employer
45 717
42 109
82 336
-
health
3 177
2 927
3 637
-
pensions
3 182
2 931
3 643
-
unemployment
1 646
1 516
1 884
-
total
8 005
7 374
9 164
-
Corporate
37 778
42 017
-
-
income
7 555
8 403
-
-
total
7 555
8 403
-
-
Dividends
30 223
33 614
-
-
income
6 422
7 143
-
-
withholding
4 534
5 042
-
-
total
10 956
12 185
-
-
Income
91 500
91 500
91 500
91 500
Total tax
44 889
46 130
33 830
41 308
After tax
46 611
45 370
57 670
50 192
Living cost
27 343
27 343
27 343
27 343
Free-cash
19 268
18 027
30 327
22 849

Estimated living cost  is ₴27343 per week

₴20170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2442
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4418
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50740
₴35939
₴39948
₴46367
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 226
social contributions
-
-
-
17 639
solidarity contribution
-
-
-
77
health
-
-
-
12 352
total
-
-
-
39 294
Employee
18 027
-
70 090
-
solidarity contribution
-
-
-
-
social contributions
1 172
-
3 926
-
income
2 163
-
8 505
-
health
2 434
-
9 462
-
total
5 769
-
21 893
-
Employer
18 027
-
70 090
-
health
1 622
-
6 308
-
social contributions
4 507
-
15 102
-
total
6 129
-
21 410
-
Corporate
67 344
91 500
-
-
income
12 795
17 385
-
-
total
12 795
17 385
-
-
Dividends
54 549
74 115
-
-
withholding
8 182
11 117
-
-
total
8 182
11 117
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 875
28 502
43 303
39 294
After tax
58 625
62 998
48 197
52 206
Living cost
12 258
12 258
12 258
12 258
Free-cash
46 367
50 740
35 939
39 948

Estimated living cost  is ₴12258 per week

₴8515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28013
₴18519
₴22653
₴25437
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
social contributions
-
-
-
23 533
regional
-
-
-
1 085
municipal
-
-
-
544
national
-
-
-
22 878
total
-
-
-
48 040
Employee
43 824
-
91 500
-
municipal
232
-
485
-
national
7 594
-
19 877
-
regional
414
-
958
-
social contributions
14 778
-
30 854
-
total
23 018
-
52 174
-
Employer
43 824
-
91 500
-
total
-
-
-
-
Corporate
47 676
91 500
-
-
municipal
1 859
3 568
-
-
nationa
11 442
21 960
-
-
total
13 301
25 528
-
-
Dividends
34 374
65 972
-
-
withholding
8 937
17 152
-
-
total
8 937
17 152
-
-
Income
91 500
91 500
91 500
91 500
Total tax
45 256
42 680
52 174
48 040
After tax
46 244
48 820
39 326
43 460
Living cost
20 807
20 807
20 807
20 807
Free-cash
25 437
28 013
18 519
22 653

Estimated living cost  is ₴20807 per week

₴14504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46672
₴29341
₴32358
₴45139
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 174
other
-
-
-
-
surtax
-
-
-
4 141
unemployment
-
-
-
112
health
-
-
-
4 672
pensions
-
-
-
13 162
total
-
-
-
48 261
Employee
16 307
-
77 647
-
other
-
-
-
-
unemployment
1 135
-
4 581
-
pensions
1 087
-
4 390
-
surtax
53
-
3 551
-
income
2 733
-
23 225
-
health
416
-
1 678
-
total
5 424
-
37 425
-
Employer
16 307
-
77 647
-
health
742
-
2 994
-
pensions
2 174
-
8 773
-
unemployment
517
-
2 086
-
other
-
-
-
-
total
3 433
-
13 853
-
Corporate
71 761
91 500
-
-
income
18 658
23 790
-
-
total
18 658
23 790
-
-
Dividends
53 103
67 710
-
-
withholding
7 965
10 157
-
-
total
7 965
10 157
-
-
Income
91 500
91 500
91 500
91 500
Total tax
35 480
33 947
51 278
48 261
After tax
56 020
57 553
40 222
43 239
Living cost
10 881
10 881
10 881
10 881
Free-cash
45 139
46 672
29 341
32 358

Estimated living cost  is ₴10881 per week

₴6653
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1004
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2973
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36984
₴29691
₴37942
₴40211
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 728
pensions
-
-
-
4 505
total
-
-
-
31 233
Employee
30 985
-
79 880
-
pensions
2 630
-
5 501
-
income
5 581
-
21 227
-
health
450
-
1 137
-
total
8 661
-
27 865
-
Employer
30 985
-
79 880
-
health
589
-
1 517
-
pensions
3 354
-
10 102
-
total
3 943
-
11 619
-
Corporate
56 572
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.

10 749
17 385
-
-
total
10 749
17 385
-
-
Dividends
45 823
74 115
-
-
withholding
5 611
14 806
-
-
total
5 611
14 806
-
-
Income
91 500
91 500
91 500
91 500
Total tax
28 964
32 191
39 484
31 233
After tax
62 536
59 309
52 016
60 267
Living cost
22 325
22 325
22 325
22 325
Free-cash
40 211
36 984
29 691
37 942

Estimated living cost  is ₴22325 per week

₴16726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1673
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.
₴3692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2850
₴30742
₴34886
₴19531
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
4 586
health
-
-
-
206
city
-
-
-
964
national
-
-
-
1 618
pensions
-
-
-
8 418
total
-
-
-
17 622
Employee
45 631
-
81 897
-
unemployment
-
-
-
-
pensions
3 834
-
6 879
-
national
216
-
1 177
-
regional
1 494
-
3 946
-
city
490
-
879
-
health
103
-
184
-
total
6 137
-
13 065
-
Employer
45 631
-
81 897
-
health
103
-
184
-
pensions
3 834
-
6 879
-
unemployment
-
-
-
-
other

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

912
-
1 638
-
total
4 849
-
8 701
-
Corporate
40 518
91 500
-
-
regional
8 570
19 352
-
-
national
3 444
7 777
-
-
total
12 014
27 129
-
-
Dividends
28 504
64 370
-
-
withholding
9 977
22 529
-
-
total
9 977
22 529
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 977
49 658
21 766
17 622
After tax
58 523
41 842
69 734
73 878
Living cost
38 992
38 992
38 992
38 992
Free-cash
19 531
2 850
30 742
34 886

Estimated living cost  is ₴38992 per week

₴25356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴479
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9658
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴22610
₴35160
₴23399
₴30606
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
28 798
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.

-
-
-
1 584
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.

-
-
-
3 369
trade
-
-
-
11 761
total
-
-
-
45 512
Employee

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

29 635
-
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.

192
-
1 584
-
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.

3 485
-
28 798
-
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.

3 369
-
3 369
-
total
7 046
-
33 751
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
61 865
91 500
-
-
income
9 280
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.

510
755
-
-
chamber of commerce
162
204
-
-
trade
10 610
15 693
-
-
total
20 562
30 377
-
-
Dividends
41 304
61 123
-
-
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.

558
830
-
-
withholding
10 139
15 094
-
-
total
10 697
15 924
-
-
Income
91 500
91 500
91 500
91 500
Total tax
38 305
46 301
33 751
45 512
After tax
53 195
45 199
57 749
45 988
Living cost
22 589
22 589
22 589
22 589
Free-cash
30 606
22 610
35 160
23 399

Estimated living cost  is ₴22589 per week

₴16498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1807
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.
₴3991
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29245
₴32883
₴34618
₴32157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 682
other
-
-
-
2 836
surtax
-
-
-
-
social contributions
-
-
-
2 607
health
-
-
-
4 013
pensions
-
-
-
15 873
total
-
-
-
40 011
Employee
21 104
-
70 642
-
pensions
2 386
-
4 984
-
surtax
-
-
-
-
social contributions
602
-
2 013
-
income
1 245
-
13 894
-
total
4 233
-
20 891
-
Employer
21 104
-
70 642
-
health
1 478
-
6 621
-
pensions
3 467
-
8 376
-
unemployment
854
-
2 861
-
social contributions
64
-
211
-
other
728
-
2 786
-
total
6 591
-
20 855
-
Corporate
63 805
91 500
-
-
income
17 866
25 620
-
-
surtax
-
-
-
-
total
17 866
25 620
-
-
Dividends
45 940
65 880
-
-
surtax
-
-
-
-
social contributions
7 902
11 331
-
-
withholding
5 880
8 433
-
-
total
13 782
19 764
-
-
Income
91 500
91 500
91 500
91 500
Total tax
42 472
45 384
41 746
40 011
After tax
49 028
46 116
49 754
51 489
Living cost
16 871
16 871
16 871
16 871
Free-cash
32 157
29 245
32 883
34 618

Estimated living cost  is ₴16871 per week

₴10638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30917
₴34555
₴36290
₴33658
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 682
other
-
-
-
2 836
surtax
-
-
-
-
social contributions
-
-
-
2 607
health
-
-
-
4 013
pensions
-
-
-
15 873
total
-
-
-
40 011
Employee
18 838
-
70 642
-
pensions
2 131
-
4 984
-
surtax
-
-
-
-
social contributions
537
-
2 013
-
income
971
-
13 894
-
total
3 639
-
20 891
-
Employer
18 838
-
70 642
-
health
1 318
-
6 621
-
pensions
3 095
-
8 376
-
unemployment
763
-
2 861
-
social contributions
56
-
211
-
other
650
-
2 786
-
total
5 882
-
20 855
-
Corporate
66 778
91 500
-
-
income
18 698
25 620
-
-
surtax
-
-
-
-
total
18 698
25 620
-
-
Dividends
48 080
65 880
-
-
surtax
-
-
-
-
social contributions
8 270
11 331
-
-
withholding
6 154
8 433
-
-
total
14 424
19 764
-
-
Income
91 500
91 500
91 500
91 500
Total tax
42 643
45 384
41 746
40 011
After tax
48 857
46 116
49 754
51 489
Living cost
15 199
15 199
15 199
15 199
Free-cash
33 658
30 917
34 555
36 290

Estimated living cost  is ₴15199 per week

₴8815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1544
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.
₴4552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45367
₴46282
₴48305
₴45622
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 725
social contributions
-
-
-
12 627
health
-
-
-
6 387
total
-
-
-
32 739
Employee
16 719
-
91 500
-
social contributions
2 308
-
12 627
-
income
2 789
-
15 748
-
health
1 167
-
6 387
-
total
6 264
-
34 762
-
Employer
16 719
-
91 500
-
total
-
-
-
-
Corporate
74 781
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%.

3 739
4 575
-
-
total
3 739
4 575
-
-
Dividends
71 042
86 925
-
-
social contributions
9 804
11 996
-
-
withholding
10 656
13 039
-
-
health
4 959
6 067
-
-
total
25 419
31 102
-
-
Income
91 500
91 500
91 500
91 500
Total tax
35 422
35 677
34 762
32 739
After tax
56 078
55 823
56 738
58 761
Living cost
10 456
10 456
10 456
10 456
Free-cash
45 622
45 367
46 282
48 305

Estimated living cost  is ₴10456 per week

₴6998
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
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.
₴2572
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33206
₴6818
₴29601
₴32446
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 974
surtax
-
-
-
97
unemployment
-
-
-
3 024
chamber of commerce
-
-
-
366
health
-
-
-
4 406
pensions
-
-
-
10 657
total
-
-
-
44 524
Employee
24 643
19 651
73 652
-
other
246
197
576
-
unemployment
739
590
1 728
-
pensions
2 524
2 012
5 899
-
income
2 805
1 449
21 082
-
health
954
761
2 229
-
total
7 268
5 009
31 514
-
Employer
24 643
19 651
73 652
-
chamber of commerce
98
79
295
-
health
931
743
2 178
-
pensions
3 093
2 467
7 230
-
accident
320
255
749
-
unemployment
739
590
1 728
-
surtax
97
97
97
-
payroll
739
590
2 209
-
other
1 171
933
3 362
-
total
7 188
5 754
17 848
-
Corporate
59 668
66 096
71 781
-
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.

14 917
16 524
17 945
-
total
14 917
16 524
17 945
-
Dividends
44 751
49 572
-
-
withholding
12 306
13 632
-
-
total
12 306
13 632
-
-
Income
91 500
91 500
91 500
91 500
Total tax
41 679
40 919
67 307
44 524
After tax
49 821
50 581
24 193
46 976
Living cost
17 375
17 375
17 375
17 375
Free-cash
32 446
33 206
6 818
29 601

Estimated living cost  is ₴17375 per week

₴11588
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4019
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33185
₴13977
₴21719
₴25790
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
4 753
social contributions
-
-
-
12 294
national
-
-
-
34 755
total
-
-
-
51 802
Employee

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

35 272
-
70 870
-
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.

307
-
617
-
communal

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

1 840
-
3 696
-
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.

2 645
-
5 315
-
national
10 844
-
25 955
-
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.

1 657
-
3 331
-
total
17 293
-
38 914
-
Employer

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

35 272
-
70 870
-
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.

2 169
-
4 359
-
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.

3 125
-
6 279
-
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.

459
-
921
-
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.

515
-
1 035
-
surtax
3 999
-
8 036
-
total
10 267
-
20 630
-
Corporate
45 961
91 500
-
-
income
9 192
18 300
-
-
surtax
183
366
-
-
total
9 375
18 666
-
-
Dividends
36 585
72 834
-
-
withholding

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

10 796
21 670
-
-
total
10 796
21 670
-
-
Income
91 500
91 500
91 500
91 500
Total tax
47 731
40 336
59 544
51 802
After tax
43 769
51 164
31 956
39 698
Living cost
17 979
17 979
17 979
17 979
Free-cash
25 790
33 185
13 977
21 719

Estimated living cost  is ₴17979 per week

₴11581
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4545
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43127
₴31420
₴33489
₴39749
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
26 491
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 934
total
-
-
-
40 203
Employee
24 546
-
76 929
-
other
24
-
46
-
unemployment
381
-
708
-
pensions
1 154
-
2 149
-
income
5 179
-
24 798
-
total
6 738
-
27 701
-
Employer
24 546
-
76 929
-
pensions
5 792
-
10 787
-
accident
486
-
905
-
unemployment
1 350
-
2 513
-
other
196
-
366
-
total
7 824
-
14 571
-
Corporate
59 131
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.

8 869
13 725
-
-
total
8 869
13 725
-
-
Dividends
50 261
77 775
-
-
withholding
10 512
16 840
-
-
total
10 512
16 840
-
-
Income
91 500
91 500
91 500
91 500
Total tax
33 943
30 565
42 272
40 203
After tax
57 557
60 935
49 228
51 297
Living cost
17 808
17 808
17 808
17 808
Free-cash
39 749
43 127
31 420
33 489

Estimated living cost  is ₴17808 per week

₴13114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3174
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26401
₴21571
₴17922
₴19942
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
5 783
accident
-
-
-
771
income
-
-
-
15 547
surtax
-
-
-
4 537
health
-
-
-
6 429
pensions
-
-
-
13 714
total
-
-
-
46 781
Employee
37 342
-
81 733
-
pensions
2 987
-
6 538
-
surtax
2 289
-
5 009
-
income
3 607
-
18 181
-
health
1 662
-
3 637
-
total
10 545
-
33 365
-
Employer
37 342
-
81 733
-
health
1 139
-
2 493
-
pensions
2 987
-
6 538
-
accident
336
-
736
-
total
4 462
-
9 767
-
Corporate
49 696
91 500
-
-
communal
3 355
6 176
-
-
income
7 454
13 725
-
-
surtax
522
961
-
-
total
11 331
20 862
-
-
Dividends
38 365
70 638
-
-
income
12 668
6 844
-
-
withholding
5 755
10 596
-
-
total
18 423
17 440
-
-
Income
91 500
91 500
91 500
91 500
Total tax
44 761
38 302
43 132
46 781
After tax
46 739
53 198
48 368
44 719
Living cost
26 797
26 797
26 797
26 797
Free-cash
19 942
26 401
21 571
17 922

Estimated living cost  is ₴26797 per week

₴20102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46477
₴29146
₴32163
₴44908
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 174
other
-
-
-
-
surtax
-
-
-
4 141
unemployment
-
-
-
112
health
-
-
-
4 672
pensions
-
-
-
13 162
total
-
-
-
48 261
Employee
16 606
-
77 647
-
other
-
-
-
-
unemployment
1 156
-
4 581
-
pensions
1 108
-
4 390
-
surtax
59
-
3 551
-
income
2 784
-
23 225
-
health
424
-
1 678
-
total
5 531
-
37 425
-
Employer
16 606
-
77 647
-
health
755
-
2 994
-
pensions
2 214
-
8 773
-
unemployment
527
-
2 086
-
other
-
-
-
-
total
3 496
-
13 853
-
Corporate
71 398
91 500
-
-
income
18 564
23 790
-
-
total
18 564
23 790
-
-
Dividends
52 834
67 710
-
-
withholding
7 925
10 157
-
-
total
7 925
10 157
-
-
Income
91 500
91 500
91 500
91 500
Total tax
35 516
33 947
51 278
48 261
After tax
55 984
57 553
40 222
43 239
Living cost
11 076
11 076
11 076
11 076
Free-cash
44 908
46 477
29 146
32 163

Estimated living cost  is ₴11076 per week

₴6687
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴963
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.
₴3169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34811
₴25770
₴29882
₴33716
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
social contributions
-
-
-
23 533
regional
-
-
-
1 380
municipal
-
-
-
544
national
-
-
-
22 878
total
-
-
-
48 335
Employee
27 353
-
91 500
-
municipal
145
-
485
-
national
4 334
-
19 877
-
regional
368
-
1 231
-
social contributions
9 224
-
30 854
-
total
14 071
-
52 447
-
Employer
27 353
-
91 500
-
total
-
-
-
-
Corporate
64 147
91 500
-
-
municipal
3 188
4 548
-
-
nationa
15 395
21 960
-
-
total
18 583
26 508
-
-
Dividends
45 563
64 992
-
-
withholding
11 847
16 898
-
-
total
11 847
16 898
-
-
Income
91 500
91 500
91 500
91 500
Total tax
44 501
43 406
52 447
48 335
After tax
46 999
48 094
39 053
43 165
Living cost
13 283
13 283
13 283
13 283
Free-cash
33 716
34 811
25 770
29 882

Estimated living cost  is ₴13283 per week

₴8261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1346
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47893
₴33092
₴37101
₴42504
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 226
social contributions
-
-
-
17 639
solidarity contribution
-
-
-
77
health
-
-
-
12 352
total
-
-
-
39 294
Employee
22 214
-
70 090
-
solidarity contribution
-
-
-
-
social contributions
1 444
-
3 926
-
income
2 666
-
8 505
-
health
2 999
-
9 462
-
total
7 109
-
21 893
-
Employer
22 214
-
70 090
-
health
1 999
-
6 308
-
social contributions
5 553
-
15 102
-
total
7 552
-
21 410
-
Corporate
61 734
91 500
-
-
income
11 729
17 385
-
-
total
11 729
17 385
-
-
Dividends
50 004
74 115
-
-
withholding
7 501
11 117
-
-
total
7 501
11 117
-
-
Income
91 500
91 500
91 500
91 500
Total tax
33 891
28 502
43 303
39 294
After tax
57 609
62 998
48 197
52 206
Living cost
15 105
15 105
15 105
15 105
Free-cash
42 504
47 893
33 092
37 101

Estimated living cost  is ₴15105 per week

₴11233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34901
₴8485
₴31341
₴34660
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 974
surtax
-
-
-
-
unemployment
-
-
-
3 024
chamber of commerce
-
-
-
366
health
-
-
-
4 406
pensions
-
-
-
10 657
total
-
-
-
44 427
Employee
21 555
19 651
73 744
-
other
215
197
576
-
unemployment
647
590
1 728
-
pensions
2 207
2 012
5 899
-
income
1 920
1 449
21 126
-
health
834
761
2 229
-
total
5 823
5 009
31 558
-
Employer
21 555
19 651
73 744
-
chamber of commerce
86
79
295
-
health
815
743
2 178
-
pensions
2 705
2 467
7 230
-
accident
280
255
749
-
unemployment
647
590
1 728
-
surtax
-
-
-
-
payroll
647
590
2 212
-
other
1 024
933
3 365
-
total
6 204
5 657
17 757
-
Corporate
63 742
66 193
71 872
-
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.

15 935
16 548
17 968
-
total
15 935
16 548
17 968
-
Dividends
47 807
49 645
-
-
withholding
13 146
13 653
-
-
total
13 146
13 653
-
-
Income
91 500
91 500
91 500
91 500
Total tax
41 108
40 867
67 283
44 427
After tax
50 392
50 633
24 217
47 073
Living cost
15 732
15 732
15 732
15 732
Free-cash
34 660
34 901
8 485
31 341

Estimated living cost  is ₴15732 per week

₴9437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1607
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.
₴4407
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴80690
₴66965
₴84350
₴79521
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 794
-
91 500
-
income
1 559
-
18 300
-
total
1 559
-
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%.

83 706
91 500
-
-
total
-
-
-
-
Dividends
83 706
91 500
-
-
withholding
4 185
4 575
-
-
total
4 185
4 575
-
-
Income
91 500
91 500
91 500
91 500
Total tax
5 744
4 575
18 300
915
After tax
85 756
86 925
73 200
90 585
Living cost
6 235
6 235
6 235
6 235
Free-cash
79 521
80 690
66 965
84 350

Estimated living cost  is ₴6235 per week

₴4219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1545
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49771
₴28803
₴31226
₴45648
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
21 196
unemployment
-
-
-
138
health
-
-
-
9 004
pensions
-
-
-
16 710
total
-
-
-
47 048
Employee

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

21 805
-
79 172
-
unemployment
31
-
110
-
pensions
3 380
-
12 272
-
income
3 760
-
19 646
-
health
1 408
-
5 115
-
total
8 579
-
37 143
-
Employer

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

21 805
-
79 172
-
health
1 452
-
5 273
-
pensions
1 930
-
7 007
-
unemployment
13
-
48
-
total
3 395
-
12 328
-
Corporate
66 300
91 500
-
-
income
12 597
17 385
-
-
total
12 597
17 385
-
-
Dividends
53 703
74 115
-
-
withholding
8 055
11 118
-
-
total
8 055
11 118
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 626
28 503
49 471
47 048
After tax
58 874
62 997
42 029
44 452
Living cost
13 226
13 226
13 226
13 226
Free-cash
45 648
49 771
28 803
31 226

Estimated living cost  is ₴13226 per week

₴9077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴848
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34195
₴63479
₴41760
₴10521
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 835
social contributions
-
-
-
10 431
total
-
-
-
28 266
Employee
30 791
-
-
-
social contributions
2 525
-
360
-
income
6 792
-
-
-
total
9 317
-
360
-
Employer
30 791
-
-
-
social contributions
43 416
-
6 187
-
total
43 416
-
6 187
-
Corporate
17 293
91 500
-
-
income
3 804
20 130
-
-
total
3 804
20 130
-
-
Dividends
13 489
71 370
-
-
income
2 968
15 701
-
-
total
2 968
15 701
-
-
Income
91 500
91 500
91 500
91 500
Total tax
59 505
35 831
6 547
28 266
After tax
31 995
55 669
84 953
63 234
Living cost
21 474
21 474
21 474
21 474
Free-cash
10 521
34 195
63 479
41 760

Estimated living cost  is ₴21474 per week

₴13933
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2020
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴5248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36578
₴26301
₴33238
₴36082
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
10 999
surtax
-
-
-
-
social contributions

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

-
-
-
31 796
total
-
-
-
42 795
Employee
22 679
-
73 940
-
surtax
-
-
-
-
social contributions
2 495
-
8 134
-
income
4 717
-
24 038
-
total
7 212
-
32 172
-
Employer
22 679
-
73 940
-
social contributions
5 386
-
17 560
-
total
5 386
-
17 560
-
Corporate
63 435
91 500
-
-
income
13 321
19 215
-
-
surtax
-
-
-
-
total
13 321
19 215
-
-
Dividends
50 113
72 285
-
-
withholding
14 032
20 240
-
-
total
14 032
20 240
-
-
Income
91 500
91 500
91 500
91 500
Total tax
39 951
39 455
49 732
42 795
After tax
51 549
52 045
41 768
48 705
Living cost
15 467
15 467
15 467
15 467
Free-cash
36 082
36 578
26 301
33 238

Estimated living cost  is ₴15467 per week

₴11573
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2724
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22300
₴25938
₴27673
₴25688
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 682
other
-
-
-
2 836
surtax
-
-
-
-
social contributions
-
-
-
2 607
health
-
-
-
4 013
pensions
-
-
-
15 873
total
-
-
-
40 011
Employee
30 884
-
70 642
-
pensions
3 493
-
4 984
-
surtax
-
-
-
-
social contributions
880
-
2 013
-
income
2 695
-
13 894
-
total
7 068
-
20 891
-
Employer
30 884
-
70 642
-
health
2 162
-
6 621
-
pensions
5 075
-
8 376
-
unemployment
1 251
-
2 861
-
social contributions
93
-
211
-
other
1 066
-
2 786
-
total
9 647
-
20 855
-
Corporate
50 970
91 500
-
-
income
14 271
25 620
-
-
surtax
-
-
-
-
total
14 271
25 620
-
-
Dividends
36 699
65 880
-
-
surtax
-
-
-
-
social contributions
6 312
11 331
-
-
withholding
4 698
8 433
-
-
total
11 010
19 764
-
-
Income
91 500
91 500
91 500
91 500
Total tax
41 996
45 384
41 746
40 011
After tax
49 504
46 116
49 754
51 489
Living cost
23 816
23 816
23 816
23 816
Free-cash
25 688
22 300
25 938
27 673

Estimated living cost  is ₴23816 per week

₴16118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1948
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.
₴5423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67527
₴54836
₴52404
₴65871
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 143
social contributions
-
-
-
20 130
total
-
-
-
24 273
Employee
15 853
-
79 221
-
income
-
-
4 413
-
social contributions
1 030
-
5 149
-
total
1 030
-
9 562
-
Employer
15 853
-
79 221
-
social contributions
2 457
-
12 279
-
total
2 457
-
12 279
-
Corporate
73 190
91 500
-
-
income
7 319
9 150
-
-
total
7 319
9 150
-
-
Dividends
65 871
82 350
-
-
total
-
-
-
-
Income
91 500
91 500
91 500
91 500
Total tax
10 806
9 150
21 841
24 273
After tax
80 694
82 350
69 659
67 227
Living cost
14 823
14 823
14 823
14 823
Free-cash
65 871
67 527
54 836
52 404

Estimated living cost  is ₴14823 per week

₴9584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1117
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15888
-₴15888
₴29957
-₴15888
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
labour market
-
-
-
7 286
municipal
-
-
-
19 199
national
-
-
-
10 894
pensions
-
-
-
427
total
-
-
-
37 806
Employee
100 190
100 190
100 190
-
municipal
21 335
21 335
21 335
-
labour market
8 004
8 004
8 004
-
pensions
142
142
142
-
national
12 240
12 240
12 240
-
total
41 721
41 721
41 721
-
Employer
100 190
100 190
100 190
-
national
12 261
12 261
12 261
-
labour market
8 015
8 015
8 015
-
pensions
285
285
285
-
municipal
21 369
21 369
21 369
-
total
41 930
41 930
41 930
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
91 500
91 500
91 500
91 500
Total tax
83 651
83 651
83 651
37 806
After tax
7 849
7 849
7 849
53 694
Living cost
23 737
23 737
23 737
23 737
Free-cash
-15 888
-15 888
-15 888
29 957

Estimated living cost  is ₴23737 per week

₴16246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5026
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3393
₴39025
₴51731
₴5754
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
25 492
other
-
-
-
185
health
-
-
-
1 087
pensions
-
-
-
2 074
total
-
-
-
28 964
Employee
16 997
-
82 605
-
pensions
1 914
-
3 803
-
income
2 332
-
19 513
-
health
1 946
-
9 458
-
total
6 192
-
32 774
-
Employer
16 997
-
82 605
-
pensions
2 764
-
5 492
-
accident
284
-
1 380
-
unemployment
416
-
2 024
-
total
3 464
-
8 896
-
Corporate
71 039
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.

63 935
82 350
-
-
total
63 935
82 350
-
-
Dividends
7 104
9 150
-
-
withholding
1 350
1 738
-
-
total
1 350
1 738
-
-
Income
91 500
91 500
91 500
91 500
Total tax
74 941
84 088
41 670
28 964
After tax
16 559
7 412
49 830
62 536
Living cost
10 805
10 805
10 805
10 805
Free-cash
5 754
-3 393
39 025
51 731

Estimated living cost  is ₴10805 per week

₴7865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38116
₴28772
₴39411
₴39467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
91 500
health
-
-
-
1 203
municipal
-
-
-
16 253
national
-
-
-
15 701
total
-
-
-
33 157
Employee
25 943
-
76 975
-
municipal
4 249
-
12 536
-
unemployment
389
-
1 155
-
pensions
1 751
-
5 196
-
national
429
-
9 404
-
health
194
-
980
-
total
7 012
-
29 271
-
Employer
25 943
-
76 975
-
health
199
-
592
-
pensions
4 501
-
13 355
-
accident
26
-
77
-
unemployment
168
-
501
-
total
4 894
-
14 525
-
Corporate
60 662
91 500
-
-
income
12 132
18 300
-
-
total
12 132
18 300
-
-
Dividends

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

36 397
54 900
-
-
municipal
6 551
9 882
-
-
national
2 512
6 270
-
-
total
9 063
16 152
-
-
Income
91 500
91 500
91 500
91 500
Total tax
33 101
34 452
43 796
33 157
After tax
58 399
57 048
47 704
58 343
Living cost
18 932
18 932
18 932
18 932
Free-cash
39 467
38 116
28 772
39 411

Estimated living cost  is ₴18932 per week

₴12366
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1821
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.
₴4444
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55317
₴50098
₴50891
₴52633
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 881
social contributions
-
-
-
7 978
health
-
-
-
2 333
total
-
-
-
29 192
Employee
37 917
37 917
85 670
-
social contributions
1 434
3 147
4 245
-
income
4 129
3 510
18 454
-
health
294
645
1 456
-
total
5 857
7 302
24 155
-
Employer
37 917
37 917
85 670
-
health
319
702
1 585
-
social contributions
1 434
3 147
4 245
-
total
1 753
3 849
5 830
-
Corporate
72 475
49 734
-
-
income
9 059
6 217
-
-
total
9 059
6 217
-
-
Dividends
63 415
43 517
-
-
withholding
10 781
7 398
-
-
total
10 781
7 398
-
-
Income
91 500
91 500
91 500
91 500
Total tax
27 450
24 766
29 985
29 192
After tax
64 050
66 734
61 515
62 308
Living cost
11 417
11 417
11 417
11 417
Free-cash
52 633
55 317
50 098
50 891

Estimated living cost  is ₴11417 per week

₴6842
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1120
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.
₴3202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67942
₴59498
₴69388
₴65433
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 348
unemployment
-
-
-
14
health
-
-
-
1 784
pensions
-
-
-
3 137
total
-
-
-
14 283
Employee

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

11 318
-
86 681
-
unemployment
56
-
234
-
pensions
1 697
-
7 018
-
income
774
-
8 125
-
health
962
-
3 977
-
total
3 489
-
19 354
-
Employer

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

11 318
-
86 681
-
health
487
-
2 012
-
pensions
622
-
2 573
-
unemployment
56
-
234
-
total
1 165
-
4 819
-
Corporate
79 017
91 500
-
-
income
7 112
8 235
-
-
total
7 112
8 235
-
-
Dividends
71 905
83 265
-
-
withholding
6 472
7 494
-
-
total
6 472
7 494
-
-
Income
91 500
91 500
91 500
91 500
Total tax
18 238
15 729
24 173
14 283
After tax
73 262
75 771
67 327
77 217
Living cost
7 829
7 829
7 829
7 829
Free-cash
65 433
67 942
59 498
69 388

Estimated living cost  is ₴7829 per week

₴4995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴564
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.
₴2036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47375
₴35668
₴37737
₴45196
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
26 491
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 934
total
-
-
-
40 203
Employee
18 233
-
76 929
-
other
18
-
46
-
unemployment
283
-
708
-
pensions
857
-
2 149
-
income
3 515
-
24 798
-
total
4 673
-
27 701
-
Employer
18 233
-
76 929
-
pensions
4 303
-
10 787
-
accident
361
-
905
-
unemployment
1 003
-
2 513
-
other
146
-
366
-
total
5 813
-
14 571
-
Corporate
67 454
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.

10 118
13 725
-
-
total
10 118
13 725
-
-
Dividends
57 336
77 775
-
-
withholding
12 140
16 840
-
-
total
12 140
16 840
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 744
30 565
42 272
40 203
After tax
58 756
60 935
49 228
51 297
Living cost
13 560
13 560
13 560
13 560
Free-cash
45 196
47 375
35 668
37 737

Estimated living cost  is ₴13560 per week

₴9153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1304
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2866
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56136
₴57883
₴57950
₴55978
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
31 381
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
32 590
Employee
1 463
-
90 712
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
31 344
-
health
73
-
175
-
total
503
-
31 869
-
Employer
1 463
-
90 712
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
89 708
91 500
-
-
income
19 736
20 130
-
-
total
19 736
20 130
-
-
Dividends
69 972
71 370
-
-
withholding
13 994
14 274
-
-
total
13 994
14 274
-
-
Income
91 500
91 500
91 500
91 500
Total tax
34 562
34 404
32 657
32 590
After tax
56 938
57 096
58 843
58 910
Living cost
960
960
960
960
Free-cash
55 978
56 136
57 883
57 950

Estimated living cost  is ₴960 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴57577
₴48373
₴48373
₴55150
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
20 814
unemployment
-
-
-
547
health
-
-
-
3 755
pensions
-
-
-
9 479
total
-
-
-
34 595
Employee

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

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

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

12 865
-
84 974
-
unemployment
96
-
273
-
pensions
1 801
-
5 104
-
income
1 773
-
20 814
-
health
663
-
1 878
-
total
4 333
-
28 069
-
Employer

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

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

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

12 865
-
84 974
-
health
663
-
1 878
-
pensions
1 544
-
4 375
-
unemployment
96
-
273
-
total
2 303
-
6 526
-
Corporate
76 332
91 500
-
-
income
11 450
13 725
-
-
total
11 450
13 725
-
-
Dividends
64 882
77 775
-
-
withholding
9 732
11 666
-
-
total
9 732
11 666
-
-
Income
91 500
91 500
91 500
91 500
Total tax
27 818
25 391
34 595
34 595
After tax
63 682
66 109
56 905
56 905
Living cost
8 532
8 532
8 532
8 532
Free-cash
55 150
57 577
48 373
48 373

Estimated living cost  is ₴8532 per week

₴5744
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴660
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1880
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38751
₴28474
₴35411
₴38574
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
10 999
surtax
-
-
-
-
social contributions

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

-
-
-
31 796
total
-
-
-
42 795
Employee
19 139
-
73 940
-
surtax
-
-
-
-
social contributions
2 105
-
8 134
-
income
3 740
-
24 038
-
total
5 845
-
32 172
-
Employer
19 139
-
73 940
-
social contributions
4 545
-
17 560
-
total
4 545
-
17 560
-
Corporate
67 817
91 500
-
-
income
14 241
19 215
-
-
surtax
-
-
-
-
total
14 241
19 215
-
-
Dividends
53 575
72 285
-
-
withholding
15 001
20 240
-
-
total
15 001
20 240
-
-
Income
91 500
91 500
91 500
91 500
Total tax
39 632
39 455
49 732
42 795
After tax
51 868
52 045
41 768
48 705
Living cost
13 294
13 294
13 294
13 294
Free-cash
38 574
38 751
28 474
35 411

Estimated living cost  is ₴13294 per week

₴9416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴924
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43605
₴31898
₴33967
₴40378
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
26 491
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 934
total
-
-
-
40 203
Employee
23 815
-
76 929
-
other
23
-
46
-
unemployment
369
-
708
-
pensions
1 119
-
2 149
-
income
4 974
-
24 798
-
total
6 485
-
27 701
-
Employer
23 815
-
76 929
-
pensions
5 620
-
10 787
-
accident
472
-
905
-
unemployment
1 310
-
2 513
-
other
191
-
366
-
total
7 593
-
14 571
-
Corporate
60 093
91 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

9 014
13 725
-
-
total
9 014
13 725
-
-
Dividends
51 078
77 775
-
-
withholding
10 700
16 840
-
-
total
10 700
16 840
-
-
Income
91 500
91 500
91 500
91 500
Total tax
33 792
30 565
42 272
40 203
After tax
57 708
60 935
49 228
51 297
Living cost
17 330
17 330
17 330
17 330
Free-cash
40 378
43 605
31 898
33 967

Estimated living cost  is ₴17330 per week

₴12446
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
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.
₴3293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69751
₴68335
₴64694
₴66747
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 725
unemployment
-
-
-
69
health
-
-
-
1 981
pensions

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

-
-
-
2 549
total
-
-
-
18 324
Employee
11 232
-
88 121
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

986
-
1 512
-
income
1 123
-
8 812
-
health
517
-
792
-
total
2 749
-
11 305
-
Employer
11 232
-
88 121
-
health
775
-
1 188
-
pensions

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

1 238
-
1 898
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
unemployment
67
-
103
-
total
2 203
-
3 378
-
Corporate
78 064
91 500
-
-
income
7 806
9 150
-
-
total
7 806
9 150
-
-
Dividends
70 258
82 350
-
-
withholding
3 513
4 117
-
-
total
3 513
4 117
-
-
Income
91 500
91 500
91 500
91 500
Total tax
16 271
13 267
14 683
18 324
After tax
75 229
78 233
76 817
73 176
Living cost
8 482
8 482
8 482
8 482
Free-cash
66 747
69 751
68 335
64 694

Estimated living cost  is ₴8482 per week

₴5610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2185
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28044
₴38712
₴28872
₴34498
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
28 798
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.

-
-
-
1 584
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.

-
-
-
3 369
trade
-
-
-
9 840
total
-
-
-
43 591
Employee

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

24 535
-
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.

111
-
1 584
-
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.

2 017
-
28 798
-
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.

3 369
-
3 369
-
total
5 497
-
33 751
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
66 965
91 500
-
-
income
10 044
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.

552
755
-
-
chamber of commerce
173
209
-
-
trade
9 609
13 131
-
-
total
20 378
27 820
-
-
Dividends
46 586
63 681
-
-
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.

631
866
-
-
withholding
11 459
15 733
-
-
total
12 090
16 599
-
-
Income
91 500
91 500
91 500
91 500
Total tax
37 965
44 419
33 751
43 591
After tax
53 535
47 081
57 749
47 909
Living cost
19 037
19 037
19 037
19 037
Free-cash
34 498
28 044
38 712
28 872

Estimated living cost  is ₴19037 per week

₴13132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2048
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35960
₴19588
₴19588
₴37050
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
income
-
-
-
28 450
social contributions
-
-
-
15 373
total
-
-
-
43 823
Employee
38 572
-
91 500
-
income
7 278
-
28 450
-
social contributions
3 205
-
15 373
-
total
10 483
-
43 823
-
Employer
38 572
-
91 500
-
total
-
-
-
-
Corporate
52 928
91 500
-
-
income
6 616
11 438
-
-
total
6 616
11 438
-
-
Dividends
46 312
80 062
-
-
withholding
9 262
16 013
-
-
total
9 262
16 013
-
-
Income
91 500
91 500
91 500
91 500
Total tax
26 361
27 451
43 823
43 823
After tax
65 139
64 049
47 677
47 677
Living cost
28 089
28 089
28 089
28 089
Free-cash
37 050
35 960
19 588
19 588

Estimated living cost  is ₴28089 per week

₴21370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2289
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.
₴4162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38970
₴46875
₴56577
₴40695
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
91 500
income
-
-
-
14 036
health

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

-
-
-
2 987
total
-
-
-
17 023
Employee
22 621
-
89 232
-
income
2 454
-
22 189
-
social contributions
2 266
-
2 268
-
total
4 720
-
24 457
-
Employer
22 621
-
89 232
-
social contributions
2 266
-
2 268
-
total
2 266
-
2 268
-
Corporate
66 613
91 500
-
-
income
23 314
32 025
-
-
total
23 314
32 025
-
-
Dividends
43 298
59 475
-
-
social contributions
2 605
2 605
-
-
total
2 605
2 605
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 905
34 630
26 725
17 023
After tax
58 595
56 870
64 775
74 477
Living cost
17 900
17 900
17 900
17 900
Free-cash
40 695
38 970
46 875
56 577

Estimated living cost  is ₴17900 per week

₴11791
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1411
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.
₴4423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41160
₴33867
₴42118
₴44054
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 728
pensions
-
-
-
4 505
total
-
-
-
31 233
Employee
24 913
-
79 880
-
pensions
1 901
-
5 501
-
income
4 537
-
21 227
-
health
325
-
1 137
-
total
6 763
-
27 865
-
Employer
24 913
-
79 880
-
health
473
-
1 517
-
pensions
2 517
-
10 102
-
total
2 990
-
11 619
-
Corporate
63 597
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.

12 083
17 385
-
-
total
12 083
17 385
-
-
Dividends
51 514
74 115
-
-
withholding
7 461
14 806
-
-
total
7 461
14 806
-
-
Income
91 500
91 500
91 500
91 500
Total tax
29 297
32 191
39 484
31 233
After tax
62 203
59 309
52 016
60 267
Living cost
18 149
18 149
18 149
18 149
Free-cash
44 054
41 160
33 867
42 118

Estimated living cost  is ₴18149 per week

₴12450
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1669
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3802
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4463
₴37955
₴50661
₴5589
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
25 492
other
-
-
-
185
health
-
-
-
1 087
pensions
-
-
-
2 074
total
-
-
-
28 964
Employee
18 679
-
82 605
-
pensions
2 103
-
3 803
-
income
2 563
-
19 513
-
health
2 139
-
9 458
-
total
6 805
-
32 774
-
Employer
18 679
-
82 605
-
pensions
3 037
-
5 492
-
accident
312
-
1 380
-
unemployment
458
-
2 024
-
total
3 807
-
8 896
-
Corporate
69 014
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.

62 113
82 350
-
-
total
62 113
82 350
-
-
Dividends
6 901
9 150
-
-
withholding
1 311
1 738
-
-
total
1 311
1 738
-
-
Income
91 500
91 500
91 500
91 500
Total tax
74 036
84 088
41 670
28 964
After tax
17 464
7 412
49 830
62 536
Living cost
11 875
11 875
11 875
11 875
Free-cash
5 589
-4 463
37 955
50 661

Estimated living cost  is ₴11875 per week

₴8715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴692
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.
₴2229
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴70310
₴58776
₴47889
₴67994
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
91 500
income
-
-
-
15 151
unemployment
-
-
-
950
work injury
-
-
-
396
health insurance
-
-
-
5 859
pensions
-
-
-
14 568
total
-
-
-
36 924
Employee

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

10 700
-
91 500
-
health insurance
792
-
2 929
-
unemployment
128
-
475
-
work injury
53
-
198
-
pensions
1 969
-
7 284
-
income
1 070
-
15 151
-
total
4 012
-
26 037
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
80 800
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%.

808
915
-
-
total
808
915
-
-
Dividends
79 992
90 585
-
-
withholding
11 999
13 588
-
-
total
11 999
13 588
-
-
Income
91 500
91 500
91 500
91 500
Total tax
16 819
14 503
26 037
36 924
After tax
74 681
76 997
65 463
54 576
Living cost
6 687
6 687
6 687
6 687
Free-cash
67 994
70 310
58 776
47 889

Estimated living cost  is ₴6687 per week

₴4143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1850
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28552
₴18714
₴22732
₴26310
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
social contributions
-
-
-
23 533
regional
-
-
-
2 101
municipal
-
-
-
612
national
-
-
-
22 878
total
-
-
-
49 124
Employee
41 552
-
91 500
-
municipal
248
-
546
-
national
7 022
-
19 877
-
regional
627
-
1 865
-
social contributions
14 011
-
30 854
-
total
21 908
-
53 142
-
Employer
41 552
-
91 500
-
total
-
-
-
-
Corporate
49 948
91 500
-
-
municipal
2 408
4 410
-
-
nationa
11 987
21 960
-
-
total
14 395
26 370
-
-
Dividends
35 553
65 129
-
-
withholding
9 243
16 934
-
-
total
9 243
16 934
-
-
Income
91 500
91 500
91 500
91 500
Total tax
45 546
43 304
53 142
49 124
After tax
45 954
48 196
38 358
42 376
Living cost
19 644
19 644
19 644
19 644
Free-cash
26 310
28 552
18 714
22 732

Estimated living cost  is ₴19644 per week

₴13799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4197
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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