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
₴36299
₴42497
₴31837
₴30631
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 563
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.

-
-
-
3 500
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.

-
-
-
28 424
trade
-
-
-
10 660
total
-
-
-
44 147
Employee

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

19 594
-
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.

547
-
28 424
-
surtax

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

30
-
1 563
-
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.

3 500
-
3 500
-
total
4 077
-
33 487
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 906
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.

593
754
-
-
chamber of commerce
181
209
-
-
income
10 786
13 725
-
-
trade
11 325
14 411
-
-
total
22 885
29 099
-
-
Dividends
49 021
62 401
-
-
surtax

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

663
848
-
-
withholding
12 060
15 406
-
-
total
12 723
16 254
-
-
Income
91 500
91 500
91 500
91 500
Total tax
39 685
45 353
33 487
44 147
After tax
51 815
46 147
58 013
47 353
Living cost
15 516
15 516
15 516
15 516
Free-cash
36 299
30 631
42 497
31 837

Estimated living cost  is ₴15516 per week

₴9760
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28323
₴26521
₴25803
₴28796
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
15 458
pensions
-
-
-
10 980
municipal
-
-
-
9 975
social contributions
-
-
-
984
total
-
-
-
37 397
Employee
43 870
-
79 101
-
pensions
1 755
-
3 164
-
national
8 397
-
16 007
-
municipal
5 419
-
10 330
-
total
15 571
-
29 501
-
Employer
43 870
-
79 101
-
social contributions
472
-
850
-
pensions
3 510
-
6 328
-
total
3 982
-
7 178
-
Corporate
40 754
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%.

8 151
18 300
-
-
total
8 151
18 300
-
-
Dividends
32 603
73 200
-
-
withholding
7 173
16 104
-
-
total
7 173
16 104
-
-
Income
91 500
91 500
91 500
91 500
Total tax
34 877
34 404
36 679
37 397
After tax
56 623
57 096
54 821
54 103
Living cost
28 300
28 300
28 300
28 300
Free-cash
28 323
28 796
26 521
25 803

Estimated living cost  is ₴28300 per week

₴19235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴424
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴6010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58339
₴27873
₴21026
₴62542
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
23 332
income
-
-
-
16 856
microenterprise
-
-
-
-
social contributions

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

-
-
-
19 628
total
-
-
-
59 816
Employee
14 969
-
69 183
-
income
2 665
-
13 903
-
surtax
-
-
10 032
-
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.

1 647
-
6 716
-
total
4 312
-
30 651
-
Employer
14 969
-
69 183
-
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.

3 606
-
14 708
-
surtax
-
-
7 610
-
total
3 606
-
22 318
-
Corporate
72 925
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%.

14 585
18 300
-
-
total
14 585
18 300
-
-
Dividends

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

58 340
73 200
-
-
total
-
-
-
-
Income
91 500
91 500
91 500
91 500
Total tax
22 503
18 300
52 969
59 816
After tax
68 997
73 200
38 531
31 684
Living cost
10 658
10 658
10 658
10 658
Free-cash
58 339
62 542
27 873
21 026

Estimated living cost  is ₴10658 per week

₴6799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1015
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20721
₴35843
₴28967
₴23860
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
pensions
-
-
-
6 002
health
-
-
-
6 317
income
-
-
-
28 754
total
-
-
-
41 073
Employee
43 746
43 746
81 980
-
income

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

7 161
7 161
12 357
-
pensions
7 874
6 002
6 002
-
health
6 715
5 711
6 317
-
total
21 750
18 874
24 676
-
Employer
43 746
43 746
81 980
-
unemployment
1 575
1 575
1 957
-
health
3 041
3 041
3 779
-
pensions
3 045
3 045
3 785
-
total
7 661
7 661
9 521
-
Corporate
40 630
40 093
-
-
income
8 126
8 018
-
-
total
8 126
8 018
-
-
Dividends
32 504
32 075
-
-
income
6 907
6 816
-
-
withholding
4 875
4 811
-
-
total
11 782
11 627
-
-
Income
91 500
91 500
91 500
91 500
Total tax
49 319
46 180
34 197
41 073
After tax
42 181
45 320
57 303
50 427
Living cost
21 460
21 460
21 460
21 460
Free-cash
20 721
23 860
35 843
28 967

Estimated living cost  is ₴21460 per week

₴15208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴341
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29110
₴26007
₴26502
₴29567
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
unemployment
-
-
-
45
accident
-
-
-
89
national
-
-
-
8 235
pensions
-
-
-
4 831
health
-
-
-
2 789
municipal
-
-
-
23 424
other
-
-
-
5 193
total
-
-
-
44 606
Employee
29 057
-
77 458
-
national
-
-
7 961
-
municipal
8 665
-
23 098
-
total
8 665
-
31 059
-
Employer
29 057
-
77 458
-
accident
58
-
89
-
unemployment
767
-
1 180
-
health
1 787
-
2 749
-
pensions
3 141
-
4 831
-
other
3 376
-
5 193
-
total
9 129
-
14 042
-
Corporate
53 313
91 500
-
-
income
11 729
20 130
-
-
total
11 729
20 130
-
-
Dividends
41 584
71 370
-
-
withholding
12 475
21 411
-
-
total
12 475
21 411
-
-
Income
91 500
91 500
91 500
91 500
Total tax
41 998
41 541
45 101
44 606
After tax
49 502
49 959
46 399
46 894
Living cost
20 392
20 392
20 392
20 392
Free-cash
29 110
29 567
26 007
26 502

Estimated living cost  is ₴20392 per week

₴13515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2001
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4566
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32751
₴37889
₴26755
₴25553
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 563
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.

-
-
-
3 500
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.

-
-
-
28 424
trade
-
-
-
11 134
total
-
-
-
44 621
Employee

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

25 979
-
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.

2 232
-
28 424
-
surtax

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

122
-
1 563
-
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.

3 500
-
3 500
-
total
5 854
-
33 487
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 521
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.

541
754
-
-
chamber of commerce
171
208
-
-
income
9 828
13 725
-
-
trade
10 778
15 052
-
-
total
21 318
29 739
-
-
Dividends
44 203
61 761
-
-
surtax

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

597
839
-
-
withholding
10 856
15 245
-
-
total
11 453
16 084
-
-
Income
91 500
91 500
91 500
91 500
Total tax
38 625
45 823
33 487
44 621
After tax
52 875
45 677
58 013
46 879
Living cost
20 124
20 124
20 124
20 124
Free-cash
32 751
25 553
37 889
26 755

Estimated living cost  is ₴20124 per week

₴13459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2122
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4242
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48007
₴45059
₴45861
₴50130
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
health
-
-
-
2 333
income
-
-
-
18 402
social contributions
-
-
-
8 288
total
-
-
-
29 023
Employee
39 392
39 392
85 509
-
income
4 136
3 647
17 970
-
social contributions
1 914
3 269
4 410
-
health
392
670
1 453
-
total
6 442
7 586
23 833
-
Employer
39 392
39 392
85 509
-
social contributions
1 914
3 269
4 410
-
health
427
729
1 582
-
total
2 341
3 998
5 992
-
Corporate
66 101
48 110
-
-
income
8 262
6 014
-
-
total
8 262
6 014
-
-
Dividends
57 839
42 096
-
-
withholding
9 832
7 156
-
-
total
9 832
7 156
-
-
Income
91 500
91 500
91 500
91 500
Total tax
26 877
24 754
29 825
29 023
After tax
64 623
66 746
61 675
62 477
Living cost
16 616
16 616
16 616
16 616
Free-cash
48 007
50 130
45 059
45 861

Estimated living cost  is ₴16616 per week

₴11359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1298
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3681
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41676
₴43100
₴53444
₴41468
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
unemployment
-
-
-
1 373
pensions
-
-
-
9 150
health
-
-
-
6 405
income
-
-
-
11 186
total
-
-
-
28 114
Employee

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

The minimum wage is 138,000 HUF per month.

14 351
5 711
76 569
-
income
1 754
698
9 361
-
pensions
1 435
571
7 657
-
unemployment
215
86
1 149
-
health
1 005
400
5 360
-
total
4 409
1 755
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.

14 351
5 711
76 569
-
pensions
2 798
1 114
14 931
-
total
2 798
1 114
14 931
-
Corporate
74 351
84 675
-
-
income
6 692
7 621
-
-
total
6 692
7 621
-
-
Dividends
67 659
77 054
-
-
social contributions
13 128
14 960
-
-
withholding
12 855
14 640
-
-
total
25 983
29 600
-
-
Income
91 500
91 500
91 500
91 500
Total tax
39 882
40 090
38 458
28 114
After tax
51 618
51 410
53 042
63 386
Living cost
9 942
9 942
9 942
9 942
Free-cash
41 676
41 468
43 100
53 444

Estimated living cost  is ₴9942 per week

₴6784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴813
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴199
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57644
₴40366
₴36670
₴60827
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
pensions
-
-
-
18 301
health
-
-
-
11 895
income
-
-
-
12 261
total
-
-
-
42 457
Employee
14 533
-
68 385
-
income
1 636
-
13 184
-
pensions
291
-
1 368
-
unemployment
232
-
1 095
-
total
2 159
-
15 647
-
Employer
14 533
-
68 385
-
unemployment
117
-
547
-
health
1 889
-
8 890
-
pensions
2 907
-
13 677
-
total
4 913
-
23 114
-
Corporate
72 055
91 500
-
-
income
14 411
18 300
-
-
total
14 411
18 300
-
-
Dividends
57 644
73 200
-
-
total
-
-
-
-
Income
91 500
91 500
91 500
91 500
Total tax
21 483
18 300
38 761
42 457
After tax
70 017
73 200
52 739
49 043
Living cost
12 373
12 373
12 373
12 373
Free-cash
57 644
60 827
40 366
36 670

Estimated living cost  is ₴12373 per week

₴8487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2901
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5714
₴38737
₴51474
-₴3653
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
pensions
-
-
-
2 093
health
-
-
-
1 097
income
-
-
-
25 458
other
-
-
-
186
total
-
-
-
28 961
Employee
17 405
-
82 558
-
income
2 388
-
19 465
-
pensions
1 960
-
3 837
-
health
1 993
-
9 453
-
total
6 341
-
32 755
-
Employer
17 405
-
82 558
-
accident
291
-
1 379
-
unemployment
426
-
2 023
-
pensions
2 830
-
5 541
-
total
3 547
-
8 943
-
Corporate
70 548
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.

63 493
82 350
-
-
total
63 493
82 350
-
-
Dividends
7 055
9 150
-
-
withholding
1 340
1 738
-
-
total
1 340
1 738
-
-
Income
91 500
91 500
91 500
91 500
Total tax
74 721
84 088
41 698
28 961
After tax
16 779
7 412
49 802
62 539
Living cost
11 065
11 065
11 065
11 065
Free-cash
5 714
-3 653
38 737
51 474

Estimated living cost  is ₴11065 per week

₴8109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴81570
₴68690
₴86075
₴82415
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 637
-
91 500
-
income
1 127
-
18 300
-
total
1 127
-
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%.

85 863
91 500
-
-
total
-
-
-
-
Dividends
85 863
91 500
-
-
withholding
4 293
4 575
-
-
total
4 293
4 575
-
-
Income
91 500
91 500
91 500
91 500
Total tax
5 420
4 575
18 300
915
After tax
86 080
86 925
73 200
90 585
Living cost
4 510
4 510
4 510
4 510
Free-cash
81 570
82 415
68 690
86 075

Estimated living cost  is ₴4510 per week

₴2795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴375
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴124
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1216
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50114
₴38179
₴37774
₴53575
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
pensions

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

-
-
-
18 696
health
-
-
-
3 428
income
-
-
-
14 252
other
-
-
-
3 700
total
-
-
-
40 076
Employee
18 600
-
73 084
-
income
3 202
-
14 386
-
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.

1 302
-
5 115
-
unemployment
186
-
731
-
health
261
-
1 023
-
total
4 951
-
21 255
-
Employer
18 600
-
73 084
-
accident
149
-
584
-
unemployment
186
-
731
-
health
261
-
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.

3 162
-
12 424
-
other
930
-
3 654
-
total
4 688
-
18 416
-
Corporate
68 212
91 500
-
-
income
14 325
19 215
-
-
total
14 325
19 215
-
-
Dividends
53 888
72 285
-
-
withholding
3 772
5 060
-
-
total
3 772
5 060
-
-
Income
91 500
91 500
91 500
91 500
Total tax
27 736
24 275
39 671
40 076
After tax
63 764
67 225
51 829
51 424
Living cost
13 650
13 650
13 650
13 650
Free-cash
50 114
53 575
38 179
37 774

Estimated living cost  is ₴13650 per week

₴9645
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴922
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26701
₴17669
₴25949
₴25167
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
pensions
-
-
-
4 672
income
-
-
-
26 156
total
-
-
-
30 828
Employee
49 127
-
79 930
-
income
8 856
-
20 634
-
pensions
4 739
-
5 746
-
health
810
-
1 158
-
total
14 405
-
27 538
-
Employer
49 127
-
79 930
-
health
933
-
1 518
-
pensions
5 801
-
10 052
-
total
6 734
-
11 570
-
Corporate
35 639
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.

6 771
17 384
-
-
total
6 771
17 384
-
-
Dividends
28 868
74 116
-
-
withholding
2 166
14 226
-
-
total
2 166
14 226
-
-
Income
91 500
91 500
91 500
91 500
Total tax
30 076
31 610
39 108
30 828
After tax
61 424
59 890
52 392
60 672
Living cost
34 723
34 723
34 723
34 723
Free-cash
26 701
25 167
17 669
25 949

Estimated living cost  is ₴34723 per week

₴26018
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4080
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.
₴4343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴68846
₴69486
₴65914
₴71302
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
unemployment
-
-
-
74
pensions

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

-
-
-
2 733
health
-
-
-
2 123
income
-
-
-
13 725
total
-
-
-
18 655
Employee
9 177
-
87 878
-
income
918
-
8 788
-
pensions

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

806
-
1 621
-
accident

We are using the highest rate at 1.1%.

101
-
203
-
health
422
-
849
-
total
2 247
-
11 461
-
Employer
9 177
-
87 878
-
accident

We are using the highest rate at 1.1%.

101
-
203
-
unemployment
55
-
111
-
health
633
-
1 274
-
pensions

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

1 011
-
2 035
-
total
1 800
-
3 623
-
Corporate
80 522
91 500
-
-
income
8 052
9 150
-
-
total
8 052
9 150
-
-
Dividends
72 470
82 350
-
-
withholding
3 624
4 117
-
-
total
3 624
4 117
-
-
Income
91 500
91 500
91 500
91 500
Total tax
15 723
13 267
15 084
18 655
After tax
75 777
78 233
76 416
72 845
Living cost
6 930
6 930
6 930
6 930
Free-cash
68 846
71 302
69 486
65 914

Estimated living cost  is ₴6930 per week

₴4046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴495
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18203
₴28896
₴22020
₴16913
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
pensions
-
-
-
6 002
health
-
-
-
6 317
income
-
-
-
28 754
total
-
-
-
41 073
Employee
47 495
43 746
81 980
-
income

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

7 161
7 161
12 357
-
pensions
6 002
6 002
6 002
-
health
5 925
5 711
6 317
-
total
19 088
18 874
24 676
-
Employer
47 495
43 746
81 980
-
unemployment
1 710
1 575
1 957
-
health
3 300
3 041
3 779
-
pensions
3 305
3 045
3 785
-
total
8 315
7 661
9 521
-
Corporate
35 690
40 093
-
-
income
7 137
8 018
-
-
total
7 137
8 018
-
-
Dividends
28 552
32 075
-
-
income
6 067
6 816
-
-
withholding
4 283
4 811
-
-
total
10 350
11 627
-
-
Income
91 500
91 500
91 500
91 500
Total tax
44 890
46 180
34 197
41 073
After tax
46 610
45 320
57 303
50 427
Living cost
28 407
28 407
28 407
28 407
Free-cash
18 203
16 913
28 896
22 020

Estimated living cost  is ₴28407 per week

₴20955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2537
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45820
₴35089
₴39128
₴50337
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
health
-
-
-
12 353
solidarity contribution
-
-
-
-
income
-
-
-
9 139
social contributions
-
-
-
18 219
total
-
-
-
39 711
Employee
18 620
-
69 634
-
solidarity contribution
-
-
-
-
income
2 234
-
8 427
-
social contributions
1 210
-
4 056
-
health
2 514
-
9 401
-
total
5 958
-
21 884
-
Employer
18 620
-
69 634
-
social contributions
4 655
-
15 599
-
health
1 676
-
6 267
-
total
6 331
-
21 866
-
Corporate
66 550
91 500
-
-
income
12 644
17 385
-
-
total
12 644
17 385
-
-
Dividends
53 905
74 115
-
-
withholding
8 086
11 117
-
-
total
8 086
11 117
-
-
Income
91 500
91 500
91 500
91 500
Total tax
33 019
28 502
43 750
39 711
After tax
58 481
62 998
47 750
51 789
Living cost
12 661
12 661
12 661
12 661
Free-cash
45 820
50 337
35 089
39 128

Estimated living cost  is ₴12661 per week

₴8795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2717
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24528
₴17907
₴22041
₴27203
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
22 685
regional
-
-
-
1 081
municipal
-
-
-
543
social contributions
-
-
-
23 534
total
-
-
-
47 843
Employee
45 528
-
91 500
-
regional
430
-
955
-
national
7 889
-
19 683
-
social contributions
15 352
-
30 854
-
municipal
241
-
485
-
total
23 912
-
51 977
-
Employer
45 528
-
91 500
-
total
-
-
-
-
Corporate
45 972
91 500
-
-
nationa
11 033
21 960
-
-
municipal
1 793
3 569
-
-
total
12 826
25 529
-
-
Dividends
33 146
65 972
-
-
withholding
8 618
17 152
-
-
total
8 618
17 152
-
-
Income
91 500
91 500
91 500
91 500
Total tax
45 356
42 681
51 977
47 843
After tax
46 144
48 819
39 523
43 657
Living cost
21 616
21 616
21 616
21 616
Free-cash
24 528
27 203
17 907
22 041

Estimated living cost  is ₴21616 per week

₴15068
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44655
₴28846
₴31978
₴46250
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
unemployment
-
-
-
117
surtax
-
-
-
3 982
pensions
-
-
-
13 674
health
-
-
-
4 854
income
-
-
-
25 591
other
-
-
-
-
total
-
-
-
48 218
Employee
16 941
-
77 108
-
other
-
-
-
-
income
2 840
-
22 527
-
pensions
1 130
-
4 560
-
surtax
55
-
3 369
-
unemployment
1 179
-
4 759
-
health
433
-
1 743
-
total
5 637
-
36 958
-
Employer
16 941
-
77 108
-
unemployment
537
-
2 167
-
health
771
-
3 111
-
pensions
2 258
-
9 114
-
other
-
-
-
-
total
3 566
-
14 392
-
Corporate
70 993
91 500
-
-
income
18 458
23 790
-
-
total
18 458
23 790
-
-
Dividends
52 535
67 710
-
-
withholding
7 880
10 156
-
-
total
7 880
10 156
-
-
Income
91 500
91 500
91 500
91 500
Total tax
35 541
33 946
51 350
48 218
After tax
55 959
57 554
40 150
43 282
Living cost
11 304
11 304
11 304
11 304
Free-cash
44 655
46 250
28 846
31 978

Estimated living cost  is ₴11304 per week

₴6912
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1043
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.
₴3088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39598
₴28670
₴36950
₴36168
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
pensions
-
-
-
4 672
income
-
-
-
26 156
total
-
-
-
30 828
Employee
32 924
-
79 930
-
income
5 930
-
20 634
-
pensions
2 795
-
5 746
-
health
478
-
1 158
-
total
9 203
-
27 538
-
Employer
32 924
-
79 930
-
health
625
-
1 518
-
pensions
3 564
-
10 052
-
total
4 189
-
11 570
-
Corporate
54 387
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.

10 333
17 384
-
-
total
10 333
17 384
-
-
Dividends
44 054
74 116
-
-
withholding
4 455
14 226
-
-
total
4 455
14 226
-
-
Income
91 500
91 500
91 500
91 500
Total tax
28 180
31 610
39 108
30 828
After tax
63 320
59 890
52 392
60 672
Living cost
23 722
23 722
23 722
23 722
Free-cash
39 598
36 168
28 670
36 950

Estimated living cost  is ₴23722 per week

₴17772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1778
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3923
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴18622
₴29323
₴33556
₴1257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
1 468
pensions
-
-
-
8 418
health
-
-
-
206
regional
-
-
-
4 476
city
-
-
-
964
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
total
-
-
-
17 362
Employee
47 492
-
81 898
-
pensions
3 990
-
6 879
-
regional
1 555
-
3 858
-
national
225
-
1 094
-
unemployment
-
-
-
-
health
107
-
184
-
city
510
-
880
-
total
6 387
-
12 895
-
Employer
47 492
-
81 898
-
unemployment
-
-
-
-
health
107
-
184
-
pensions
3 990
-
6 879
-
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.

950
-
1 637
-
total
5 047
-
8 700
-
Corporate
38 439
91 500
-
-
national
3 268
7 778
-
-
regional
8 130
19 353
-
-
total
11 398
27 131
-
-
Dividends
27 041
64 370
-
-
withholding
9 464
22 530
-
-
total
9 464
22 530
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 296
49 661
21 595
17 362
After tax
59 204
41 839
69 905
74 138
Living cost
40 582
40 582
40 582
40 582
Free-cash
18 622
1 257
29 323
33 556

Estimated living cost  is ₴40582 per week

₴26390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3642
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴498
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10052
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴30046
₴34545
₴22938
₴21740
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 563
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.

-
-
-
3 500
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.

-
-
-
28 424
trade
-
-
-
11 607
total
-
-
-
45 094
Employee

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

30 787
-
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.

3 620
-
28 424
-
surtax

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

199
-
1 563
-
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.

3 500
-
3 500
-
total
7 319
-
33 487
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 713
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.

501
754
-
-
chamber of commerce
163
206
-
-
income
9 107
13 725
-
-
trade
10 413
15 692
-
-
total
20 184
30 377
-
-
Dividends
40 529
61 122
-
-
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.

546
829
-
-
withholding
9 937
15 086
-
-
total
10 483
15 915
-
-
Income
91 500
91 500
91 500
91 500
Total tax
37 986
46 292
33 487
45 094
After tax
53 514
45 208
58 013
46 406
Living cost
23 468
23 468
23 468
23 468
Free-cash
30 046
21 740
34 545
22 938

Estimated living cost  is ₴23468 per week

₴17140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1877
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4146
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31616
₴32605
₴34016
₴28589
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
pensions
-
-
-
16 195
health
-
-
-
3 908
income
-
-
-
14 411
social contributions
-
-
-
2 606
other
-
-
-
2 837
total
-
-
-
39 957
Employee
21 925
-
70 830
-
income
1 294
-
13 762
-
pensions
2 479
-
4 918
-
surtax
-
-
-
-
social contributions
625
-
2 018
-
total
4 398
-
20 698
-
Employer
21 925
-
70 830
-
unemployment
888
-
2 869
-
social contributions
66
-
213
-
health
1 535
-
6 546
-
pensions
3 602
-
8 282
-
other
756
-
2 760
-
total
6 847
-
20 670
-
Corporate
62 729
91 500
-
-
surtax
-
-
-
-
income
17 564
25 620
-
-
total
17 564
25 620
-
-
Dividends
45 165
65 880
-
-
surtax
-
-
-
-
social contributions
7 767
11 332
-
-
withholding
5 781
8 432
-
-
total
13 548
19 764
-
-
Income
91 500
91 500
91 500
91 500
Total tax
42 357
45 384
41 368
39 957
After tax
49 143
46 116
50 132
51 543
Living cost
17 527
17 527
17 527
17 527
Free-cash
31 616
28 589
32 605
34 016

Estimated living cost  is ₴17527 per week

₴11051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1425
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33171
₴34342
₴35753
₴30326
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
pensions
-
-
-
16 195
health
-
-
-
3 908
income
-
-
-
14 411
social contributions
-
-
-
2 606
other
-
-
-
2 837
total
-
-
-
39 957
Employee
19 571
-
70 830
-
income
1 009
-
13 762
-
pensions
2 214
-
4 918
-
surtax
-
-
-
-
social contributions
558
-
2 018
-
total
3 781
-
20 698
-
Employer
19 571
-
70 830
-
unemployment
792
-
2 869
-
social contributions
58
-
213
-
health
1 370
-
6 546
-
pensions
3 216
-
8 282
-
other
676
-
2 760
-
total
6 112
-
20 670
-
Corporate
65 817
91 500
-
-
surtax
-
-
-
-
income
18 429
25 620
-
-
total
18 429
25 620
-
-
Dividends
47 388
65 880
-
-
surtax
-
-
-
-
social contributions
8 151
11 332
-
-
withholding
6 066
8 432
-
-
total
14 217
19 764
-
-
Income
91 500
91 500
91 500
91 500
Total tax
42 539
45 384
41 368
39 957
After tax
48 961
46 116
50 132
51 543
Living cost
15 790
15 790
15 790
15 790
Free-cash
33 171
30 326
34 342
35 753

Estimated living cost  is ₴15790 per week

₴9158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1604
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4729
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45227
₴45973
₴47898
₴44962
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
health
-
-
-
6 387
income
-
-
-
13 725
social contributions
-
-
-
12 627
total
-
-
-
32 739
Employee
17 369
-
91 500
-
income
2 897
-
15 650
-
social contributions
2 397
-
12 627
-
health
1 212
-
6 387
-
total
6 506
-
34 664
-
Employer
17 369
-
91 500
-
total
-
-
-
-
Corporate
74 131
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%.

3 707
4 575
-
-
total
3 707
4 575
-
-
Dividends
70 424
86 925
-
-
social contributions
9 719
11 995
-
-
withholding
10 563
13 038
-
-
health
4 915
6 067
-
-
total
25 197
31 100
-
-
Income
91 500
91 500
91 500
91 500
Total tax
35 410
35 675
34 664
32 739
After tax
56 090
55 825
56 836
58 761
Living cost
10 863
10 863
10 863
10 863
Free-cash
45 227
44 962
45 973
47 898

Estimated living cost  is ₴10863 per week

₴7270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2672
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31772
₴6186
₴28914
₴32565
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
unemployment
-
-
-
3 142
surtax
-
-
-
101
pensions
-
-
-
11 072
health
-
-
-
4 578
income
-
-
-
25 276
chamber of commerce
-
-
-
366
total
-
-
-
44 535
Employee
25 601
20 415
73 200
-
other
256
204
599
-
income
2 914
1 506
20 309
-
pensions
2 622
2 090
6 128
-
unemployment
768
612
1 796
-
health
991
790
2 316
-
total
7 551
5 202
31 148
-
Employer
25 601
20 415
73 200
-
chamber of commerce
102
82
293
-
surtax
101
101
101
-
accident
332
265
778
-
payroll
768
612
2 196
-
unemployment
768
612
1 796
-
health
967
772
2 262
-
pensions
3 213
2 563
7 511
-
other
1 216
969
3 364
-
total
7 467
5 976
18 301
-
Corporate
58 431
65 108
71 256
-
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.

14 607
16 277
17 814
-
total
14 607
16 277
17 814
-
Dividends
43 823
48 832
-
-
withholding
12 052
13 429
-
-
total
12 052
13 429
-
-
Income
91 500
91 500
91 500
91 500
Total tax
41 677
40 884
67 263
44 535
After tax
49 823
50 616
24 237
46 965
Living cost
18 051
18 051
18 051
18 051
Free-cash
31 772
32 565
6 186
28 914

Estimated living cost  is ₴18051 per week

₴12039
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1540
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.
₴4175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24809
₴13468
₴20999
₴32492
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
34 327
communal

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

-
-
-
4 724
social contributions
-
-
-
12 772
total
-
-
-
51 823
Employee

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

36 644
-
70 869
-
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.

2 748
-
5 315
-
communal

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

1 911
-
3 696
-
national
11 266
-
25 767
-
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.

319
-
616
-
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.

1 722
-
3 331
-
total
17 966
-
38 725
-
Employer

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

36 644
-
70 869
-
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.

476
-
922
-
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.

535
-
1 034
-
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.

2 253
-
4 358
-
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.

3 247
-
6 279
-
surtax
4 155
-
8 036
-
total
10 666
-
20 629
-
Corporate
44 190
91 500
-
-
surtax
177
366
-
-
income
8 838
18 300
-
-
total
9 015
18 666
-
-
Dividends
35 175
72 835
-
-
withholding

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

10 366
21 664
-
-
total
10 366
21 664
-
-
Income
91 500
91 500
91 500
91 500
Total tax
48 013
40 330
59 354
51 823
After tax
43 487
51 170
32 146
39 677
Living cost
18 678
18 678
18 678
18 678
Free-cash
24 809
32 492
13 468
20 999

Estimated living cost  is ₴18678 per week

₴12031
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1633
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38965
₴30686
₴32835
₴42475
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
unemployment
-
-
-
332
accident
-
-
-
428
pensions
-
-
-
13 437
income
-
-
-
25 920
other
-
-
-
48
total
-
-
-
40 165
Employee
25 500
-
76 363
-
other
25
-
48
-
income
5 380
-
24 161
-
pensions
1 199
-
2 232
-
unemployment
396
-
736
-
total
7 000
-
27 177
-
Employer
25 500
-
76 363
-
accident
505
-
940
-
unemployment
1 403
-
2 611
-
pensions
6 018
-
11 206
-
other
203
-
380
-
total
8 129
-
15 137
-
Corporate
57 872
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.

8 681
13 725
-
-
total
8 681
13 725
-
-
Dividends
49 191
77 775
-
-
withholding
10 225
16 800
-
-
total
10 225
16 800
-
-
Income
91 500
91 500
91 500
91 500
Total tax
34 035
30 525
42 314
40 165
After tax
57 465
60 975
49 186
51 335
Living cost
18 500
18 500
18 500
18 500
Free-cash
38 965
42 475
30 686
32 835

Estimated living cost  is ₴18500 per week

₴13624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1312
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.
₴3298
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19015
₴20905
₴17257
₴25603
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
772
surtax
-
-
-
4 536
pensions
-
-
-
13 715
communal
-
-
-
5 783
health
-
-
-
6 429
income
-
-
-
15 169
total
-
-
-
46 404
Employee
38 794
-
81 733
-
income
3 747
-
17 803
-
pensions
3 103
-
6 539
-
surtax
2 378
-
5 009
-
health
1 727
-
3 637
-
total
10 955
-
32 988
-
Employer
38 794
-
81 733
-
accident
349
-
736
-
health
1 183
-
2 493
-
pensions
3 103
-
6 539
-
total
4 635
-
9 768
-
Corporate
48 070
91 500
-
-
surtax
505
960
-
-
communal
3 245
6 176
-
-
income
7 210
13 725
-
-
total
10 960
20 861
-
-
Dividends
37 111
70 639
-
-
income
12 530
6 602
-
-
withholding
5 566
10 595
-
-
total
18 096
17 197
-
-
Income
91 500
91 500
91 500
91 500
Total tax
44 646
38 058
42 756
46 404
After tax
46 854
53 442
48 744
45 096
Living cost
27 839
27 839
27 839
27 839
Free-cash
19 015
25 603
20 905
17 257

Estimated living cost  is ₴27839 per week

₴20884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1687
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4973
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44419
₴28644
₴31776
₴46048
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
unemployment
-
-
-
117
surtax
-
-
-
3 982
pensions
-
-
-
13 674
health
-
-
-
4 854
income
-
-
-
25 591
other
-
-
-
-
total
-
-
-
48 218
Employee
17 252
-
77 108
-
other
-
-
-
-
income
2 892
-
22 527
-
pensions
1 151
-
4 560
-
surtax
61
-
3 369
-
unemployment
1 201
-
4 759
-
health
440
-
1 743
-
total
5 745
-
36 958
-
Employer
17 252
-
77 108
-
unemployment
547
-
2 167
-
health
785
-
3 111
-
pensions
2 300
-
9 114
-
other
-
-
-
-
total
3 632
-
14 392
-
Corporate
70 616
91 500
-
-
income
18 360
23 790
-
-
total
18 360
23 790
-
-
Dividends
52 256
67 710
-
-
withholding
7 838
10 156
-
-
total
7 838
10 156
-
-
Income
91 500
91 500
91 500
91 500
Total tax
35 575
33 946
51 350
48 218
After tax
55 925
57 554
40 150
43 282
Living cost
11 506
11 506
11 506
11 506
Free-cash
44 419
46 048
28 644
31 776

Estimated living cost  is ₴11506 per week

₴6947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 of data for Athens model

Close
Naples , Italy
₴33157
₴25447
₴29558
₴34294
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
22 685
regional
-
-
-
1 380
municipal
-
-
-
543
social contributions
-
-
-
23 534
total
-
-
-
48 142
Employee
28 417
-
91 500
-
regional
383
-
1 231
-
national
4 502
-
19 683
-
social contributions
9 582
-
30 854
-
municipal
151
-
485
-
total
14 618
-
52 253
-
Employer
28 417
-
91 500
-
total
-
-
-
-
Corporate
63 083
91 500
-
-
nationa
15 140
21 960
-
-
municipal
3 135
4 548
-
-
total
18 275
26 508
-
-
Dividends
44 808
64 993
-
-
withholding
11 650
16 898
-
-
total
11 650
16 898
-
-
Income
91 500
91 500
91 500
91 500
Total tax
44 543
43 406
52 253
48 142
After tax
46 957
48 094
39 247
43 358
Living cost
13 800
13 800
13 800
13 800
Free-cash
33 157
34 294
25 447
29 558

Estimated living cost  is ₴13800 per week

₴8582
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1398
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41831
₴32148
₴36187
₴47396
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
health
-
-
-
12 353
solidarity contribution
-
-
-
-
income
-
-
-
9 139
social contributions
-
-
-
18 219
total
-
-
-
39 711
Employee
22 944
-
69 634
-
solidarity contribution
-
-
-
-
income
2 753
-
8 427
-
social contributions
1 491
-
4 056
-
health
3 097
-
9 401
-
total
7 341
-
21 884
-
Employer
22 944
-
69 634
-
social contributions
5 736
-
15 599
-
health
2 065
-
6 267
-
total
7 801
-
21 866
-
Corporate
60 755
91 500
-
-
income
11 543
17 385
-
-
total
11 543
17 385
-
-
Dividends
49 211
74 115
-
-
withholding
7 382
11 117
-
-
total
7 382
11 117
-
-
Income
91 500
91 500
91 500
91 500
Total tax
34 067
28 502
43 750
39 711
After tax
57 433
62 998
47 750
51 789
Living cost
15 602
15 602
15 602
15 602
Free-cash
41 831
47 396
32 148
36 187

Estimated living cost  is ₴15602 per week

₴11603
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34072
₴7918
₴30723
₴34328
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
unemployment
-
-
-
3 142
surtax
-
-
-
-
pensions
-
-
-
11 072
health
-
-
-
4 578
income
-
-
-
25 276
chamber of commerce
-
-
-
366
total
-
-
-
44 434
Employee
22 393
20 415
73 295
-
other
224
204
599
-
income
1 995
1 506
20 355
-
pensions
2 293
2 090
6 128
-
unemployment
672
612
1 796
-
health
866
790
2 316
-
total
6 050
5 202
31 194
-
Employer
22 393
20 415
73 295
-
chamber of commerce
89
82
294
-
surtax
-
-
-
-
accident
291
265
778
-
payroll
672
612
2 199
-
unemployment
672
612
1 796
-
health
847
772
2 262
-
pensions
2 810
2 563
7 511
-
other
1 064
969
3 367
-
total
6 445
5 875
18 207
-
Corporate
62 663
65 209
71 350
-
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.

15 666
16 302
17 838
-
total
15 666
16 302
17 838
-
Dividends
46 996
48 907
-
-
withholding
12 924
13 450
-
-
total
12 924
13 450
-
-
Income
91 500
91 500
91 500
91 500
Total tax
41 085
40 829
67 239
44 434
After tax
50 415
50 671
24 261
47 066
Living cost
16 343
16 343
16 343
16 343
Free-cash
34 072
34 328
7 918
30 723

Estimated living cost  is ₴16343 per week

₴9804
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.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4579
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴78580
₴66173
₴83558
₴79898
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
91 500
microenterprise

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

-
-
-
915
total
-
-
-
915
Employee
8 784
-
91 500
-
income
1 757
-
18 300
-
total
1 757
-
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%.

82 716
91 500
-
-
total
-
-
-
-
Dividends
82 716
91 500
-
-
withholding
4 136
4 575
-
-
total
4 136
4 575
-
-
Income
91 500
91 500
91 500
91 500
Total tax
5 893
4 575
18 300
915
After tax
85 607
86 925
73 200
90 585
Living cost
7 027
7 027
7 027
7 027
Free-cash
78 580
79 898
66 173
83 558

Estimated living cost  is ₴7027 per week

₴4755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴295
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.
₴1741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44973
₴28461
₴30886
₴49258
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
91 500
unemployment
-
-
-
137
pensions
-
-
-
16 710
health
-
-
-
9 003
income
-
-
-
21 024
total
-
-
-
46 874
Employee

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

22 653
-
79 172
-
income
3 906
-
19 475
-
pensions
3 511
-
12 271
-
unemployment
32
-
111
-
health
1 463
-
5 114
-
total
8 912
-
36 971
-
Employer

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

22 653
-
79 172
-
unemployment
14
-
48
-
health
1 509
-
5 273
-
pensions
2 005
-
7 007
-
total
3 528
-
12 328
-
Corporate
65 320
91 500
-
-
income
12 410
17 385
-
-
total
12 410
17 385
-
-
Dividends
52 910
74 115
-
-
withholding
7 937
11 117
-
-
total
7 937
11 117
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 787
28 502
49 299
46 874
After tax
58 713
62 998
42 201
44 626
Living cost
13 740
13 740
13 740
13 740
Free-cash
44 973
49 258
28 461
30 886

Estimated living cost  is ₴13740 per week

₴9430
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴881
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.
₴3164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5198
₴60175
₴39228
₴31663
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
34 421
-
-
-
income
7 593
-
-
-
social contributions
2 823
-
402
-
total
10 416
-
402
-
Employer
34 421
-
-
-
social contributions
48 534
-
6 917
-
total
48 534
-
6 917
-
Corporate
8 545
91 500
-
-
income
1 880
20 130
-
-
total
1 880
20 130
-
-
Dividends
6 665
71 370
-
-
income
1 466
15 701
-
-
total
1 466
15 701
-
-
Income
91 500
91 500
91 500
91 500
Total tax
62 296
35 831
7 319
28 266
After tax
29 204
55 669
84 181
63 234
Living cost
24 006
24 006
24 006
24 006
Free-cash
5 198
31 663
60 175
39 228

Estimated living cost  is ₴24006 per week

₴15576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2258
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.
₴5866
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35460
₴25916
₴32853
₴35977
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
income
-
-
-
10 783
social contributions

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

-
-
-
31 796
total
-
-
-
42 579
Employee
23 561
-
73 939
-
income
4 901
-
23 822
-
surtax
-
-
-
-
social contributions
2 592
-
8 133
-
total
7 493
-
31 955
-
Employer
23 561
-
73 939
-
social contributions
5 596
-
17 561
-
total
5 596
-
17 561
-
Corporate
62 344
91 500
-
-
surtax
-
-
-
-
income
13 092
19 215
-
-
total
13 092
19 215
-
-
Dividends
49 252
72 285
-
-
withholding
13 791
20 240
-
-
total
13 791
20 240
-
-
Income
91 500
91 500
91 500
91 500
Total tax
39 972
39 455
49 516
42 579
After tax
51 528
52 045
41 984
48 921
Living cost
16 068
16 068
16 068
16 068
Free-cash
35 460
35 977
25 916
32 853

Estimated living cost  is ₴16068 per week

₴12022
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴948
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2830
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24893
₴25390
₴26801
₴21374
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
pensions
-
-
-
16 195
health
-
-
-
3 908
income
-
-
-
14 411
social contributions
-
-
-
2 606
other
-
-
-
2 837
total
-
-
-
39 957
Employee
32 085
-
70 830
-
income
2 799
-
13 762
-
pensions
3 629
-
4 918
-
surtax
-
-
-
-
social contributions
914
-
2 018
-
total
7 342
-
20 698
-
Employer
32 085
-
70 830
-
unemployment
1 300
-
2 869
-
social contributions
96
-
213
-
health
2 246
-
6 546
-
pensions
5 272
-
8 282
-
other
1 107
-
2 760
-
total
10 021
-
20 670
-
Corporate
49 394
91 500
-
-
surtax
-
-
-
-
income
13 831
25 620
-
-
total
13 831
25 620
-
-
Dividends
35 564
65 880
-
-
surtax
-
-
-
-
social contributions
6 118
11 332
-
-
withholding
4 553
8 432
-
-
total
10 671
19 764
-
-
Income
91 500
91 500
91 500
91 500
Total tax
41 865
45 384
41 368
39 957
After tax
49 635
46 116
50 132
51 543
Living cost
24 742
24 742
24 742
24 742
Free-cash
24 893
21 374
25 390
26 801

Estimated living cost  is ₴24742 per week

₴16745
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2024
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65231
₴54377
₴51945
₴66951
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 026
social contributions
-
-
-
20 130
total
-
-
-
24 156
Employee
16 469
-
79 221
-
income
-
-
4 296
-
social contributions
1 070
-
5 149
-
total
1 070
-
9 445
-
Employer
16 469
-
79 221
-
social contributions
2 553
-
12 279
-
total
2 553
-
12 279
-
Corporate
72 478
91 500
-
-
income
7 247
9 150
-
-
total
7 247
9 150
-
-
Dividends
65 231
82 350
-
-
total
-
-
-
-
Income
91 500
91 500
91 500
91 500
Total tax
10 870
9 150
21 724
24 156
After tax
80 630
82 350
69 776
67 344
Living cost
15 399
15 399
15 399
15 399
Free-cash
65 231
66 951
54 377
51 945

Estimated living cost  is ₴15399 per week

₴9957
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3992
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19845
-₴19845
₴29266
-₴19845
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
10 790
pensions
-
-
-
443
municipal
-
-
-
19 104
labour market
-
-
-
7 285
total
-
-
-
37 622
Employee
103 880
103 880
103 880
-
labour market
8 299
8 299
8 299
-
pensions
148
148
148
-
national
12 691
12 691
12 691
-
municipal
22 121
22 121
22 121
-
total
43 259
43 259
43 259
-
Employer
103 880
103 880
103 880
-
labour market
8 310
8 310
8 310
-
national
12 713
12 713
12 713
-
municipal
22 156
22 156
22 156
-
pensions
295
295
295
-
total
43 474
43 474
43 474
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
91 500
91 500
91 500
91 500
Total tax
86 733
86 733
86 733
37 622
After tax
4 767
4 767
4 767
53 878
Living cost
24 612
24 612
24 612
24 612
Free-cash
-19 845
-19 845
-19 845
29 266

Estimated living cost  is ₴24612 per week

₴16845
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴379
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5740
₴38901
₴51638
-₴3489
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
pensions
-
-
-
2 093
health
-
-
-
1 097
income
-
-
-
25 458
other
-
-
-
186
total
-
-
-
28 961
Employee
17 149
-
82 558
-
income
2 353
-
19 465
-
pensions
1 931
-
3 837
-
health
1 964
-
9 453
-
total
6 248
-
32 755
-
Employer
17 149
-
82 558
-
accident
286
-
1 379
-
unemployment
420
-
2 023
-
pensions
2 788
-
5 541
-
total
3 494
-
8 943
-
Corporate
70 857
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.

63 771
82 350
-
-
total
63 771
82 350
-
-
Dividends
7 086
9 150
-
-
withholding
1 346
1 738
-
-
total
1 346
1 738
-
-
Income
91 500
91 500
91 500
91 500
Total tax
74 859
84 088
41 698
28 961
After tax
16 641
7 412
49 802
62 539
Living cost
10 901
10 901
10 901
10 901
Free-cash
5 740
-3 489
38 901
51 638

Estimated living cost  is ₴10901 per week

₴7935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴621
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2140
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38908
₴28251
₴39165
₴37589
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
15 216
health
-
-
-
1 196
municipal
-
-
-
16 255
total
-
-
-
32 667
Employee
26 952
-
76 974
-
pensions
1 819
-
5 196
-
national
445
-
9 195
-
unemployment
404
-
1 155
-
municipal
4 415
-
12 538
-
health
201
-
971
-
total
7 284
-
29 055
-
Employer
26 952
-
76 974
-
accident
27
-
77
-
unemployment
175
-
501
-
health
207
-
593
-
pensions
4 676
-
13 355
-
total
5 085
-
14 526
-
Corporate
59 463
91 500
-
-
income
11 892
18 300
-
-
total
11 892
18 300
-
-
Dividends

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

35 678
54 900
-
-
national
2 241
6 061
-
-
municipal
6 422
9 882
-
-
total
8 663
15 943
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 924
34 243
43 581
32 667
After tax
58 576
57 257
47 919
58 833
Living cost
19 668
19 668
19 668
19 668
Free-cash
38 908
37 589
28 251
39 165

Estimated living cost  is ₴19668 per week

₴12847
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1892
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.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52098
₴49814
₴50616
₴54885
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
health
-
-
-
2 333
income
-
-
-
18 402
social contributions
-
-
-
8 288
total
-
-
-
29 023
Employee
39 392
39 392
85 509
-
income
4 289
3 647
17 970
-
social contributions
1 489
3 269
4 410
-
health
305
670
1 453
-
total
6 083
7 586
23 833
-
Employer
39 392
39 392
85 509
-
social contributions
1 489
3 269
4 410
-
health
332
729
1 582
-
total
1 821
3 998
5 992
-
Corporate
71 735
48 110
-
-
income
8 967
6 014
-
-
total
8 967
6 014
-
-
Dividends
62 768
42 096
-
-
withholding
10 670
7 156
-
-
total
10 670
7 156
-
-
Income
91 500
91 500
91 500
91 500
Total tax
27 541
24 754
29 825
29 023
After tax
63 959
66 746
61 675
62 477
Living cost
11 861
11 861
11 861
11 861
Free-cash
52 098
54 885
49 814
50 616

Estimated living cost  is ₴11861 per week

₴7108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3327
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65034
₴58645
₴68919
₴67638
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
91 500
unemployment
-
-
-
15
pensions
-
-
-
3 259
health
-
-
-
1 854
income
-
-
-
9 320
total
-
-
-
14 448
Employee

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

11 759
-
86 493
-
income
804
-
8 050
-
pensions
1 763
-
7 291
-
unemployment
58
-
243
-
health
999
-
4 132
-
total
3 624
-
19 716
-
Employer

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

11 759
-
86 493
-
unemployment
58
-
243
-
health
506
-
2 090
-
pensions
646
-
2 673
-
total
1 210
-
5 006
-
Corporate
78 531
91 500
-
-
income
7 067
8 235
-
-
total
7 067
8 235
-
-
Dividends
71 464
83 265
-
-
withholding
6 432
7 494
-
-
total
6 432
7 494
-
-
Income
91 500
91 500
91 500
91 500
Total tax
18 333
15 729
24 722
14 448
After tax
73 167
75 771
66 778
77 052
Living cost
8 133
8 133
8 133
8 133
Free-cash
65 034
67 638
58 645
68 919

Estimated living cost  is ₴8133 per week

₴5189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴44626
₴35099
₴37248
₴46888
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
unemployment
-
-
-
332
accident
-
-
-
428
pensions
-
-
-
13 437
income
-
-
-
25 920
other
-
-
-
48
total
-
-
-
40 165
Employee
18 942
-
76 363
-
other
18
-
48
-
income
3 652
-
24 161
-
pensions
890
-
2 232
-
unemployment
294
-
736
-
total
4 854
-
27 177
-
Employer
18 942
-
76 363
-
accident
375
-
940
-
unemployment
1 042
-
2 611
-
pensions
4 470
-
11 206
-
other
152
-
380
-
total
6 039
-
15 137
-
Corporate
66 519
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.

9 978
13 725
-
-
total
9 978
13 725
-
-
Dividends
56 541
77 775
-
-
withholding
11 916
16 800
-
-
total
11 916
16 800
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 787
30 525
42 314
40 165
After tax
58 713
60 975
49 186
51 335
Living cost
14 087
14 087
14 087
14 087
Free-cash
44 626
46 888
35 099
37 248

Estimated living cost  is ₴14087 per week

₴9509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1354
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.
₴2978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56072
₴58015
₴58079
₴56216
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
pensions
-
-
-
642
health
-
-
-
465
income
-
-
-
31 434
total
-
-
-
32 541
Employee
1 341
-
90 778
-
income
259
-
31 401
-
pensions
121
-
289
-
unemployment
13
-
32
-
health
67
-
161
-
total
460
-
31 883
-
Employer
1 341
-
90 778
-
unemployment
27
-
64
-
health
127
-
305
-
pensions
147
-
353
-
total
301
-
722
-
Corporate
89 858
91 500
-
-
income
19 769
20 130
-
-
total
19 769
20 130
-
-
Dividends
70 089
71 370
-
-
withholding
14 018
14 274
-
-
total
14 018
14 274
-
-
Income
91 500
91 500
91 500
91 500
Total tax
34 548
34 404
32 605
32 541
After tax
56 952
57 096
58 895
58 959
Living cost
880
880
880
880
Free-cash
56 072
56 216
58 015
58 079

Estimated living cost  is ₴880 per week

₴523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴71
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54759
₴47648
₴47648
₴57272
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
91 500
unemployment
-
-
-
566
pensions
-
-
-
9 818
health
-
-
-
3 890
income
-
-
-
20 741
total
-
-
-
35 015
Employee

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

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

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

13 325
-
84 741
-
income
1 837
-
20 741
-
pensions
1 865
-
5 287
-
unemployment
100
-
283
-
health
686
-
1 945
-
total
4 488
-
28 256
-
Employer

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

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

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

13 325
-
84 741
-
unemployment
100
-
283
-
health
686
-
1 945
-
pensions
1 599
-
4 531
-
total
2 385
-
6 759
-
Corporate
75 790
91 500
-
-
income
11 368
13 725
-
-
total
11 368
13 725
-
-
Dividends
64 421
77 775
-
-
withholding
9 663
11 666
-
-
total
9 663
11 666
-
-
Income
91 500
91 500
91 500
91 500
Total tax
27 904
25 391
35 015
35 015
After tax
63 596
66 109
56 485
56 485
Living cost
8 837
8 837
8 837
8 837
Free-cash
54 759
57 272
47 648
47 648

Estimated living cost  is ₴8837 per week

₴5950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴684
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.
₴1948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38050
₴28173
₴35110
₴38234
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
income
-
-
-
10 783
social contributions

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

-
-
-
31 796
total
-
-
-
42 579
Employee
19 883
-
73 939
-
income
3 885
-
23 822
-
surtax
-
-
-
-
social contributions
2 187
-
8 133
-
total
6 072
-
31 955
-
Employer
19 883
-
73 939
-
social contributions
4 722
-
17 561
-
total
4 722
-
17 561
-
Corporate
66 896
91 500
-
-
surtax
-
-
-
-
income
14 048
19 215
-
-
total
14 048
19 215
-
-
Dividends
52 847
72 285
-
-
withholding
14 797
20 240
-
-
total
14 797
20 240
-
-
Income
91 500
91 500
91 500
91 500
Total tax
39 639
39 455
49 516
42 579
After tax
51 861
52 045
41 984
48 921
Living cost
13 811
13 811
13 811
13 811
Free-cash
38 050
38 234
28 173
35 110

Estimated living cost  is ₴13811 per week

₴9782
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴960
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2825
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴39620
₴31182
₴33331
₴42971
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
unemployment
-
-
-
332
accident
-
-
-
428
pensions
-
-
-
13 437
income
-
-
-
25 920
other
-
-
-
48
total
-
-
-
40 165
Employee
24 741
-
76 363
-
other
24
-
48
-
income
5 167
-
24 161
-
pensions
1 163
-
2 232
-
unemployment
383
-
736
-
total
6 737
-
27 177
-
Employer
24 741
-
76 363
-
accident
490
-
940
-
unemployment
1 361
-
2 611
-
pensions
5 839
-
11 206
-
other
198
-
380
-
total
7 888
-
15 137
-
Corporate
58 871
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.

8 831
13 725
-
-
total
8 831
13 725
-
-
Dividends
50 040
77 775
-
-
withholding
10 420
16 800
-
-
total
10 420
16 800
-
-
Income
91 500
91 500
91 500
91 500
Total tax
33 876
30 525
42 314
40 165
After tax
57 624
60 975
49 186
51 335
Living cost
18 004
18 004
18 004
18 004
Free-cash
39 620
42 971
31 182
33 331

Estimated living cost  is ₴18004 per week

₴12930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3421
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65919
₴67323
₴63752
₴69140
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
unemployment
-
-
-
74
pensions

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

-
-
-
2 733
health
-
-
-
2 123
income
-
-
-
13 725
total
-
-
-
18 655
Employee
12 041
-
87 878
-
income
1 204
-
8 788
-
pensions

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

1 057
-
1 621
-
accident

We are using the highest rate at 1.1%.

132
-
203
-
health
554
-
849
-
total
2 947
-
11 461
-
Employer
12 041
-
87 878
-
accident

We are using the highest rate at 1.1%.

132
-
203
-
unemployment
72
-
111
-
health
831
-
1 274
-
pensions

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

1 327
-
2 035
-
total
2 362
-
3 623
-
Corporate
77 097
91 500
-
-
income
7 710
9 150
-
-
total
7 710
9 150
-
-
Dividends
69 387
82 350
-
-
withholding
3 469
4 117
-
-
total
3 469
4 117
-
-
Income
91 500
91 500
91 500
91 500
Total tax
16 488
13 267
15 084
18 655
After tax
75 012
78 233
76 416
72 845
Living cost
9 093
9 093
9 093
9 093
Free-cash
65 919
69 140
67 323
63 752

Estimated living cost  is ₴9093 per week

₴6014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2342
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34012
₴38235
₴28522
₴27311
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 563
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.

-
-
-
3 500
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.

-
-
-
28 424
trade
-
-
-
9 713
total
-
-
-
43 200
Employee

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

25 489
-
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.

2 096
-
28 424
-
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.

116
-
1 563
-
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.

3 500
-
3 500
-
total
5 712
-
33 487
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
66 011
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.

544
754
-
-
chamber of commerce
175
212
-
-
income
9 901
13 725
-
-
trade
9 473
13 130
-
-
total
20 093
27 821
-
-
Dividends
45 918
63 679
-
-
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.

620
865
-
-
withholding
11 285
15 725
-
-
total
11 905
16 590
-
-
Income
91 500
91 500
91 500
91 500
Total tax
37 710
44 411
33 487
43 200
After tax
53 790
47 089
58 013
48 300
Living cost
19 778
19 778
19 778
19 778
Free-cash
34 012
27 311
38 235
28 522

Estimated living cost  is ₴19778 per week

₴13643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
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.
₴3719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35999
₴18890
₴18890
₴34869
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 133
social contributions
-
-
-
15 295
total
-
-
-
43 428
Employee
40 072
-
91 500
-
income
7 561
-
28 133
-
social contributions
3 329
-
15 295
-
total
10 890
-
43 428
-
Employer
40 072
-
91 500
-
total
-
-
-
-
Corporate
51 428
91 500
-
-
income
6 429
11 437
-
-
total
6 429
11 437
-
-
Dividends
45 000
80 063
-
-
withholding
9 000
16 012
-
-
total
9 000
16 012
-
-
Income
91 500
91 500
91 500
91 500
Total tax
26 319
27 449
43 428
43 428
After tax
65 181
64 051
48 072
48 072
Living cost
29 182
29 182
29 182
29 182
Free-cash
35 999
34 869
18 890
18 890

Estimated living cost  is ₴29182 per week

₴22201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2378
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.
₴4324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39962
₴46386
₴55074
₴38173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
91 500
health

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

-
-
-
3 248
income
-
-
-
14 582
total
-
-
-
17 830
Employee
23 500
-
89 144
-
income
2 550
-
21 806
-
social contributions
2 355
-
2 356
-
total
4 905
-
24 162
-
Employer
23 500
-
89 144
-
social contributions
2 355
-
2 356
-
total
2 355
-
2 356
-
Corporate
65 645
91 500
-
-
income
22 976
32 025
-
-
total
22 976
32 025
-
-
Dividends
42 670
59 475
-
-
social contributions
2 706
2 706
-
-
total
2 706
2 706
-
-
Income
91 500
91 500
91 500
91 500
Total tax
32 942
34 731
26 518
17 830
After tax
58 558
56 769
64 982
73 670
Living cost
18 596
18 596
18 596
18 596
Free-cash
39 962
38 173
46 386
55 074

Estimated living cost  is ₴18596 per week

₴12249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1466
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.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43679
₴33107
₴41387
₴40605
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
91 500
pensions
-
-
-
4 672
income
-
-
-
26 156
total
-
-
-
30 828
Employee
26 471
-
79 930
-
income
4 821
-
20 634
-
pensions
2 020
-
5 746
-
health
345
-
1 158
-
total
7 186
-
27 538
-
Employer
26 471
-
79 930
-
health
503
-
1 518
-
pensions
2 674
-
10 052
-
total
3 177
-
11 570
-
Corporate
61 851
91 500
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

11 752
17 384
-
-
total
11 752
17 384
-
-
Dividends
50 099
74 116
-
-
withholding
6 421
14 226
-
-
total
6 421
14 226
-
-
Income
91 500
91 500
91 500
91 500
Total tax
28 536
31 610
39 108
30 828
After tax
62 964
59 890
52 392
60 672
Living cost
19 285
19 285
19 285
19 285
Free-cash
43 679
40 605
33 107
41 387

Estimated living cost  is ₴19285 per week

₴13229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1773
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.
₴4040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴5573
₴37821
₴50558
-₴4569
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
pensions
-
-
-
2 093
health
-
-
-
1 097
income
-
-
-
25 458
other
-
-
-
186
total
-
-
-
28 961
Employee
18 846
-
82 558
-
income
2 586
-
19 465
-
pensions
2 122
-
3 837
-
health
2 158
-
9 453
-
total
6 866
-
32 755
-
Employer
18 846
-
82 558
-
accident
315
-
1 379
-
unemployment
462
-
2 023
-
pensions
3 064
-
5 541
-
total
3 841
-
8 943
-
Corporate
68 813
91 500
-
-
income

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

61 932
82 350
-
-
total
61 932
82 350
-
-
Dividends
6 881
9 150
-
-
withholding
1 307
1 738
-
-
total
1 307
1 738
-
-
Income
91 500
91 500
91 500
91 500
Total tax
73 946
84 088
41 698
28 961
After tax
17 554
7 412
49 802
62 539
Living cost
11 981
11 981
11 981
11 981
Free-cash
5 573
-4 569
37 821
50 558

Estimated living cost  is ₴11981 per week

₴8792
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴698
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.
₴2249
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67686
₴58219
₴46960
₴70081
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
91 500
unemployment
-
-
-
983
pensions
-
-
-
15 067
income
-
-
-
15 106
health insurance
-
-
-
6 059
work injury
-
-
-
409
total
-
-
-
37 624
Employee

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

11 066
-
91 500
-
income
1 107
-
15 106
-
pensions
2 036
-
7 533
-
health insurance
819
-
3 030
-
unemployment
133
-
491
-
work injury
55
-
205
-
total
4 150
-
26 365
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
80 434
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%.

804
915
-
-
total
804
915
-
-
Dividends
79 630
90 585
-
-
withholding
11 944
13 588
-
-
total
11 944
13 588
-
-
Income
91 500
91 500
91 500
91 500
Total tax
16 898
14 503
26 365
37 624
After tax
74 602
76 997
65 135
53 876
Living cost
6 916
6 916
6 916
6 916
Free-cash
67 686
70 081
58 219
46 960

Estimated living cost  is ₴6916 per week

₴4285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1913
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25457
₴18149
₴22165
₴27787
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
22 685
regional
-
-
-
2 097
municipal
-
-
-
611
social contributions
-
-
-
23 534
total
-
-
-
48 927
Employee
43 168
-
91 500
-
regional
652
-
1 861
-
national
7 295
-
19 683
-
social contributions
14 556
-
30 854
-
municipal
258
-
545
-
total
22 761
-
52 943
-
Employer
43 168
-
91 500
-
total
-
-
-
-
Corporate
48 332
91 500
-
-
nationa
11 600
21 960
-
-
municipal
2 329
4 411
-
-
total
13 929
26 371
-
-
Dividends
34 403
65 130
-
-
withholding
8 945
16 934
-
-
total
8 945
16 934
-
-
Income
91 500
91 500
91 500
91 500
Total tax
45 635
43 305
52 943
48 927
After tax
45 865
48 195
38 557
42 573
Living cost
20 408
20 408
20 408
20 408
Free-cash
25 457
27 787
18 149
22 165

Estimated living cost  is ₴20408 per week

₴14335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4360
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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