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
₴ 93500
per

Your estimated
City
free-cash

Dresden , Germany
₴37155
₴31404
₴43482
₴32564
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
93 500
trade
-
-
-
10 918
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.

-
-
-
29 113
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.

-
-
-
3 553
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.

-
-
-
1 602
total
-
-
-
45 186
Employee

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

19 889
-
93 500
-
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.

31
-
1 602
-
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.

3 553
-
3 553
-
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.

556
-
29 113
-
total
4 140
-
34 268
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
73 611
93 500
-
-
trade
11 594
14 726
-
-
income
11 041
14 025
-
-
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.

607
772
-
-
chamber of commerce
185
213
-
-
total
23 427
29 736
-
-
Dividends
50 184
63 764
-
-
withholding
12 349
15 744
-
-
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.

679
865
-
-
total
13 028
16 609
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 595
46 345
34 268
45 186
After tax
52 905
47 155
59 232
48 314
Living cost
15 750
15 750
15 750
15 750
Free-cash
37 155
31 404
43 482
32 564

Estimated living cost  is ₴15750 per week

₴9908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30692
₴31144
₴28537
₴27978
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
1 005
pensions
-
-
-
11 220
municipal
-
-
-
10 236
national
-
-
-
15 861
total
-
-
-
38 322
Employee
42 165
-
80 830
-
national
8 070
-
16 597
-
municipal
5 208
-
10 598
-
pensions
1 687
-
3 233
-
total
14 965
-
30 428
-
Employer
42 165
-
80 830
-
pensions
3 373
-
6 466
-
social contributions
453
-
869
-
total
3 826
-
7 335
-
Corporate
44 725
93 500
-
-
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%.

8 945
18 700
-
-
total
8 945
18 700
-
-
Dividends
35 780
74 800
-
-
withholding
7 872
16 456
-
-
total
7 872
16 456
-
-
Income
93 500
93 500
93 500
93 500
Total tax
35 608
35 156
37 763
38 322
After tax
57 892
58 344
55 737
55 178
Living cost
27 200
27 200
27 200
27 200
Free-cash
30 692
31 144
28 537
27 978

Estimated living cost  is ₴27200 per week

₴18488
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2528
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴407
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5777
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59716
₴63982
₴28598
₴21610
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
93 500
social contributions

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

-
-
-
19 924
income
-
-
-
17 306
microenterprise
-
-
-
-
surtax
-
-
-
23 842
total
-
-
-
61 072
Employee
15 195
-
70 785
-
surtax
-
-
10 264
-
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.

1 672
-
6 817
-
income
2 705
-
14 288
-
total
4 377
-
31 369
-
Employer
15 195
-
70 785
-
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.

3 660
-
14 929
-
surtax
-
-
7 786
-
total
3 660
-
22 715
-
Corporate
74 645
93 500
-
-
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%.

14 929
18 700
-
-
total
14 929
18 700
-
-
Dividends

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

59 716
74 800
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
22 966
18 700
54 084
61 072
After tax
70 534
74 800
39 416
32 428
Living cost
10 818
10 818
10 818
10 818
Free-cash
59 716
63 982
28 598
21 610

Estimated living cost  is ₴10818 per week

₴6902
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1030
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2641
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21348
₴24534
₴36838
₴29703
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
income
-
-
-
29 508
pensions
-
-
-
6 093
health
-
-
-
6 412
total
-
-
-
42 013
Employee
44 406
44 406
83 836
-
health
6 816
5 797
6 412
-
pensions
7 993
6 093
6 093
-
income

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

7 269
7 269
12 709
-
total
22 078
19 159
25 214
-
Employer
44 406
44 406
83 836
-
pensions
3 091
3 091
3 842
-
unemployment
1 599
1 599
1 986
-
health
3 087
3 087
3 836
-
total
7 777
7 777
9 664
-
Corporate
41 862
41 318
-
-
income
8 372
8 264
-
-
total
8 372
8 264
-
-
Dividends
33 490
33 054
-
-
withholding
5 024
4 958
-
-
income
7 117
7 024
-
-
total
12 141
11 982
-
-
Income
93 500
93 500
93 500
93 500
Total tax
50 368
47 182
34 878
42 013
After tax
43 132
46 318
58 622
51 487
Living cost
21 784
21 784
21 784
21 784
Free-cash
21 348
24 534
36 838
29 703

Estimated living cost  is ₴21784 per week

₴15438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1964
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴346
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28377
₴28875
₴25569
₴26106
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
5 648
unemployment
-
-
-
49
pensions
-
-
-
5 254
municipal
-
-
-
23 683
accident
-
-
-
97
national
-
-
-
7 454
health
-
-
-
3 033
total
-
-
-
45 218
Employee
31 599
-
78 229
-
national
-
-
7 156
-
municipal
9 423
-
23 328
-
total
9 423
-
30 484
-
Employer
31 599
-
78 229
-
other
3 672
-
5 648
-
accident
63
-
97
-
pensions
3 416
-
5 254
-
unemployment
834
-
1 283
-
health
1 943
-
2 989
-
total
9 928
-
15 271
-
Corporate
51 973
93 500
-
-
income
11 434
20 570
-
-
total
11 434
20 570
-
-
Dividends
40 539
72 930
-
-
withholding
12 162
21 879
-
-
total
12 162
21 879
-
-
Income
93 500
93 500
93 500
93 500
Total tax
42 947
42 449
45 755
45 218
After tax
50 553
51 051
47 745
48 282
Living cost
22 176
22 176
22 176
22 176
Free-cash
28 377
28 875
25 569
26 106

Estimated living cost  is ₴22176 per week

₴14697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2176
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴337
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4966
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33552
₴26246
₴38804
₴27400
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
93 500
trade
-
-
-
11 404
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.

-
-
-
29 113
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.

-
-
-
3 553
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.

-
-
-
1 602
total
-
-
-
45 672
Employee

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

26 370
-
93 500
-
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.

124
-
1 602
-
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.

3 553
-
3 553
-
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.

2 266
-
29 113
-
total
5 943
-
34 268
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 130
93 500
-
-
trade
11 042
15 380
-
-
income
10 069
14 025
-
-
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.

554
772
-
-
chamber of commerce
175
212
-
-
total
21 840
30 389
-
-
Dividends
45 290
63 110
-
-
withholding
11 125
15 580
-
-
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.

612
857
-
-
total
11 737
16 437
-
-
Income
93 500
93 500
93 500
93 500
Total tax
39 520
46 826
34 268
45 672
After tax
53 980
46 674
59 232
47 828
Living cost
20 428
20 428
20 428
20 428
Free-cash
33 552
26 246
38 804
27 400

Estimated living cost  is ₴20428 per week

₴13662
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2154
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.
₴4306
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49180
₴51335
₴46129
₴46946
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
8 414
income
-
-
-
18 890
health
-
-
-
2 384
total
-
-
-
29 688
Employee
39 986
39 986
87 406
-
health
398
680
1 486
-
social contributions
1 943
3 319
4 476
-
income
4 199
3 702
18 450
-
total
6 540
7 701
24 412
-
Employer
39 986
39 986
87 406
-
social contributions
1 943
3 319
4 476
-
health
433
740
1 617
-
total
2 376
4 059
6 093
-
Corporate
67 718
49 455
-
-
income
8 465
6 182
-
-
total
8 465
6 182
-
-
Dividends
59 253
43 273
-
-
withholding
10 073
7 357
-
-
total
10 073
7 357
-
-
Income
93 500
93 500
93 500
93 500
Total tax
27 454
25 299
30 505
29 688
After tax
66 046
68 201
62 995
63 812
Living cost
16 866
16 866
16 866
16 866
Free-cash
49 180
51 335
46 129
46 946

Estimated living cost  is ₴16866 per week

₴11530
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1317
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3736
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42894
₴42689
₴44364
₴54933
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
unemployment
-
-
-
1 403
income
-
-
-
11 430
pensions
-
-
-
9 350
health
-
-
-
6 545
total
-
-
-
28 728
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.

14 202
5 652
78 243
-
unemployment
213
85
1 174
-
health
994
396
5 477
-
pensions
1 420
565
7 824
-
income
1 736
691
9 565
-
total
4 363
1 737
24 040
-
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.

14 202
5 652
78 243
-
pensions
2 769
1 102
15 257
-
total
2 769
1 102
15 257
-
Corporate
76 528
86 745
-
-
income
6 888
7 807
-
-
total
6 888
7 807
-
-
Dividends
69 641
78 938
-
-
withholding
13 232
14 998
-
-
social contributions
13 515
15 328
-
-
total
26 747
30 326
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 767
40 972
39 297
28 728
After tax
52 733
52 528
54 203
64 772
Living cost
9 839
9 839
9 839
9 839
Free-cash
42 894
42 689
44 364
54 933

Estimated living cost  is ₴9839 per week

₴6714
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴805
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴197
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2123
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59009
₴62240
₴41331
₴37557
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
income
-
-
-
12 528
pensions
-
-
-
18 700
health
-
-
-
12 155
total
-
-
-
43 383
Employee
14 752
-
69 880
-
unemployment
236
-
1 118
-
pensions
295
-
1 397
-
income
1 661
-
13 473
-
total
2 192
-
15 988
-
Employer
14 752
-
69 880
-
pensions
2 951
-
13 976
-
unemployment
118
-
560
-
health
1 917
-
9 085
-
total
4 986
-
23 621
-
Corporate
73 762
93 500
-
-
income
14 753
18 700
-
-
total
14 753
18 700
-
-
Dividends
59 009
74 800
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
21 931
18 700
39 609
43 383
After tax
71 569
74 800
53 891
50 117
Living cost
12 560
12 560
12 560
12 560
Free-cash
59 009
62 240
41 331
37 557

Estimated living cost  is ₴12560 per week

₴8615
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴748
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2945
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5783
-₴4103
₴39113
₴52242
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
197
income
-
-
-
25 886
pensions
-
-
-
2 208
accident
-
-
-
134
health
-
-
-
1 157
total
-
-
-
29 582
Employee
18 368
-
84 184
-
health
2 103
-
9 639
-
pensions
2 068
-
4 049
-
income
2 520
-
19 708
-
total
6 691
-
33 396
-
Employer
18 368
-
84 184
-
accident
307
-
1 406
-
pensions
2 987
-
5 847
-
unemployment
450
-
2 062
-
total
3 744
-
9 315
-
Corporate
71 389
93 500
-
-
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.

64 250
84 150
-
-
total
64 250
84 150
-
-
Dividends
7 139
9 350
-
-
withholding
1 356
1 777
-
-
total
1 356
1 777
-
-
Income
93 500
93 500
93 500
93 500
Total tax
76 041
85 927
42 711
29 582
After tax
17 459
7 573
50 789
63 918
Living cost
11 676
11 676
11 676
11 676
Free-cash
5 783
-4 103
39 113
52 242

Estimated living cost  is ₴11676 per week

₴8558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2228
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴83847
₴84633
₴70608
₴88373
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
93 500
microenterprise

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

-
-
-
935
total
-
-
-
935
Employee
5 239
-
93 500
-
income
1 048
-
18 700
-
total
1 048
-
18 700
-
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%.

88 261
93 500
-
-
total
-
-
-
-
Dividends
88 261
93 500
-
-
withholding
4 413
4 675
-
-
total
4 413
4 675
-
-
Income
93 500
93 500
93 500
93 500
Total tax
5 461
4 675
18 700
935
After tax
88 039
88 825
74 800
92 565
Living cost
4 192
4 192
4 192
4 192
Free-cash
83 847
84 633
70 608
88 373

Estimated living cost  is ₴4192 per week

₴2598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴348
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴115
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51329
₴54838
₴39091
₴38809
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
3 756
income
-
-
-
14 622
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.

-
-
-
18 978
health
-
-
-
3 479
total
-
-
-
40 835
Employee
18 881
-
74 681
-
unemployment
188
-
747
-
health
264
-
1 046
-
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.

1 321
-
5 227
-
income
3 251
-
14 714
-
total
5 024
-
21 734
-
Employer
18 881
-
74 681
-
other
944
-
3 734
-
accident
151
-
597
-
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.

3 210
-
12 695
-
unemployment
188
-
747
-
health
264
-
1 046
-
total
4 757
-
18 819
-
Corporate
69 861
93 500
-
-
income
14 671
19 635
-
-
total
14 671
19 635
-
-
Dividends
55 190
73 865
-
-
withholding
3 863
5 171
-
-
total
3 863
5 171
-
-
Income
93 500
93 500
93 500
93 500
Total tax
28 315
24 806
40 553
40 835
After tax
65 185
68 694
52 947
52 665
Living cost
13 856
13 856
13 856
13 856
Free-cash
51 329
54 838
39 091
38 809

Estimated living cost  is ₴13856 per week

₴9790
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28614
₴26507
₴18954
₴27401
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
income
-
-
-
27 036
pensions
-
-
-
4 684
total
-
-
-
31 720
Employee
48 641
-
81 650
-
health
802
-
1 172
-
pensions
4 693
-
5 740
-
income
8 768
-
21 405
-
total
14 263
-
28 317
-
Employer
48 641
-
81 650
-
pensions
5 743
-
10 299
-
health
924
-
1 551
-
total
6 667
-
11 850
-
Corporate
38 192
93 500
-
-
income

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

7 257
17 765
-
-
total
7 257
17 765
-
-
Dividends
30 935
75 735
-
-
withholding
2 320
14 849
-
-
total
2 320
14 849
-
-
Income
93 500
93 500
93 500
93 500
Total tax
30 507
32 614
40 167
31 720
After tax
62 993
60 886
53 333
61 780
Living cost
34 379
34 379
34 379
34 379
Free-cash
28 614
26 507
18 954
27 401

Estimated living cost  is ₴34379 per week

₴25761
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4039
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4300
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴70913
₴73275
₴71773
₴68064
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
unemployment
-
-
-
71
income
-
-
-
14 025
pensions

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

-
-
-
2 629
health
-
-
-
2 043
total
-
-
-
18 768
Employee
8 829
-
90 015
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
health
406
-
817
-
pensions

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

775
-
1 560
-
income
883
-
9 002
-
total
2 161
-
11 574
-
Employer
8 829
-
90 015
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

973
-
1 957
-
unemployment
53
-
107
-
health
609
-
1 226
-
total
1 732
-
3 485
-
Corporate
82 939
93 500
-
-
income
8 294
9 350
-
-
total
8 294
9 350
-
-
Dividends
74 645
84 150
-
-
withholding
3 732
4 207
-
-
total
3 732
4 207
-
-
Income
93 500
93 500
93 500
93 500
Total tax
15 919
13 557
15 059
18 768
After tax
77 581
79 943
78 441
74 732
Living cost
6 668
6 668
6 668
6 668
Free-cash
70 913
73 275
71 773
68 064

Estimated living cost  is ₴6668 per week

₴3893
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴177
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18792
₴17483
₴29787
₴22652
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
income
-
-
-
29 508
pensions
-
-
-
6 093
health
-
-
-
6 412
total
-
-
-
42 013
Employee
48 211
44 406
83 836
-
health
6 015
5 797
6 412
-
pensions
6 093
6 093
6 093
-
income

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

7 269
7 269
12 709
-
total
19 377
19 159
25 214
-
Employer
48 211
44 406
83 836
-
pensions
3 355
3 091
3 842
-
unemployment
1 736
1 599
1 986
-
health
3 350
3 087
3 836
-
total
8 441
7 777
9 664
-
Corporate
36 848
41 318
-
-
income
7 369
8 264
-
-
total
7 369
8 264
-
-
Dividends
29 478
33 054
-
-
withholding
4 422
4 958
-
-
income
6 264
7 024
-
-
total
10 686
11 982
-
-
Income
93 500
93 500
93 500
93 500
Total tax
45 873
47 182
34 878
42 013
After tax
47 627
46 318
58 622
51 487
Living cost
28 835
28 835
28 835
28 835
Free-cash
18 792
17 483
29 787
22 652

Estimated living cost  is ₴28835 per week

₴21271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2576
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46791
₴51414
₴35808
₴39933
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
18 650
income
-
-
-
9 334
health
-
-
-
12 622
solidarity contribution
-
-
-
-
total
-
-
-
40 606
Employee
19 060
-
71 131
-
solidarity contribution
-
-
-
-
health
2 573
-
9 603
-
social contributions
1 239
-
4 152
-
income
2 287
-
8 606
-
total
6 099
-
22 361
-
Employer
19 060
-
71 131
-
social contributions
4 765
-
15 968
-
health
1 715
-
6 402
-
total
6 480
-
22 370
-
Corporate
67 960
93 500
-
-
income
12 912
17 765
-
-
total
12 912
17 765
-
-
Dividends
55 047
75 735
-
-
withholding
8 257
11 360
-
-
total
8 257
11 360
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 748
29 125
44 731
40 606
After tax
59 752
64 375
48 769
52 894
Living cost
12 961
12 961
12 961
12 961
Free-cash
46 791
51 414
35 808
39 933

Estimated living cost  is ₴12961 per week

₴9003
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.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25229
₴27944
₴18410
₴22632
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
regional
-
-
-
1 106
social contributions
-
-
-
24 048
municipal
-
-
-
556
national
-
-
-
23 216
total
-
-
-
48 926
Employee
46 215
-
93 500
-
national
8 008
-
20 149
-
regional
436
-
976
-
municipal
245
-
495
-
social contributions
15 584
-
31 528
-
total
24 273
-
53 148
-
Employer
46 215
-
93 500
-
total
-
-
-
-
Corporate
47 285
93 500
-
-
nationa
11 348
22 440
-
-
municipal
1 844
3 646
-
-
total
13 192
26 086
-
-
Dividends
34 093
67 414
-
-
withholding
8 864
17 528
-
-
total
8 864
17 528
-
-
Income
93 500
93 500
93 500
93 500
Total tax
46 329
43 614
53 148
48 926
After tax
47 171
49 886
40 352
44 574
Living cost
21 942
21 942
21 942
21 942
Free-cash
25 229
27 944
18 410
22 632

Estimated living cost  is ₴21942 per week

₴15295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1439
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴337
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45718
₴47337
₴29566
₴32747
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
-
unemployment
-
-
-
118
income
-
-
-
26 256
pensions
-
-
-
13 880
health
-
-
-
4 927
surtax
-
-
-
4 097
total
-
-
-
49 278
Employee
17 196
-
78 891
-
surtax
56
-
3 476
-
unemployment
1 197
-
4 830
-
other
-
-
-
-
health
439
-
1 769
-
pensions
1 147
-
4 629
-
income
2 882
-
23 146
-
total
5 721
-
37 850
-
Employer
17 196
-
78 891
-
other
-
-
-
-
pensions
2 292
-
9 251
-
unemployment
545
-
2 200
-
health
783
-
3 158
-
total
3 620
-
14 609
-
Corporate
72 684
93 500
-
-
income
18 898
24 310
-
-
total
18 898
24 310
-
-
Dividends
53 786
69 190
-
-
withholding
8 068
10 378
-
-
total
8 068
10 378
-
-
Income
93 500
93 500
93 500
93 500
Total tax
36 307
34 688
52 459
49 278
After tax
57 193
58 812
41 041
44 222
Living cost
11 475
11 475
11 475
11 475
Free-cash
45 718
47 337
29 566
32 747

Estimated living cost  is ₴11475 per week

₴7016
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1059
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40794
₴37399
₴29846
₴38293
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
income
-
-
-
27 036
pensions
-
-
-
4 684
total
-
-
-
31 720
Employee
32 598
-
81 650
-
health
473
-
1 172
-
pensions
2 767
-
5 740
-
income
5 871
-
21 405
-
total
9 111
-
28 317
-
Employer
32 598
-
81 650
-
pensions
3 529
-
10 299
-
health
619
-
1 551
-
total
4 148
-
11 850
-
Corporate
56 754
93 500
-
-
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.

10 783
17 765
-
-
total
10 783
17 765
-
-
Dividends
45 971
75 735
-
-
withholding
5 177
14 849
-
-
total
5 177
14 849
-
-
Income
93 500
93 500
93 500
93 500
Total tax
29 219
32 614
40 167
31 720
After tax
64 281
60 886
53 333
61 780
Living cost
23 487
23 487
23 487
23 487
Free-cash
40 794
37 399
29 846
38 293

Estimated living cost  is ₴23487 per week

₴17596
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1760
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3884
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴18674
₴663
₴29392
₴33760
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
1 870
city
-
-
-
986
regional
-
-
-
4 531
pensions
-
-
-
8 602
national
-
-
-
1 449
health
-
-
-
211
total
-
-
-
17 649
Employee
49 257
-
83 688
-
national
233
-
1 101
-
unemployment
-
-
-
-
city
529
-
899
-
regional
1 613
-
3 910
-
health
111
-
188
-
pensions
4 138
-
7 029
-
total
6 624
-
13 127
-
Employer
49 257
-
83 688
-
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.

985
-
1 673
-
pensions
4 138
-
7 029
-
unemployment
-
-
-
-
health
111
-
188
-
total
5 234
-
8 890
-
Corporate
38 467
93 500
-
-
regional
8 136
19 776
-
-
national
3 270
7 948
-
-
total
11 406
27 724
-
-
Dividends
27 061
65 776
-
-
withholding
9 471
23 022
-
-
total
9 471
23 022
-
-
Income
93 500
93 500
93 500
93 500
Total tax
32 735
50 746
22 017
17 649
After tax
60 765
42 754
71 483
75 851
Living cost
42 091
42 091
42 091
42 091
Free-cash
18 674
663
29 392
33 760

Estimated living cost  is ₴42091 per week

₴27371
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3777
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴517
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10426
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴30803
₴22370
₴35410
₴23521
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
93 500
trade
-
-
-
11 889
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.

-
-
-
29 113
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.

-
-
-
3 553
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.

-
-
-
1 602
total
-
-
-
46 157
Employee

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

31 251
-
93 500
-
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.

202
-
1 602
-
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.

3 553
-
3 553
-
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.

3 675
-
29 113
-
total
7 430
-
34 268
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 249
93 500
-
-
trade
10 675
16 036
-
-
income
9 337
14 025
-
-
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.

513
772
-
-
chamber of commerce
167
210
-
-
total
20 692
31 043
-
-
Dividends
41 556
62 457
-
-
withholding
10 192
15 417
-
-
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.

561
848
-
-
total
10 753
16 265
-
-
Income
93 500
93 500
93 500
93 500
Total tax
38 875
47 308
34 268
46 157
After tax
54 625
46 192
59 232
47 343
Living cost
23 822
23 822
23 822
23 822
Free-cash
30 803
22 370
35 410
23 521

Estimated living cost  is ₴23822 per week

₴17398
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1906
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.
₴4209
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32404
₴29333
₴33367
₴34870
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
2 898
social contributions
-
-
-
2 663
income
-
-
-
14 775
pensions
-
-
-
16 491
health
-
-
-
4 012
surtax
-
-
-
-
total
-
-
-
40 839
Employee
22 255
-
72 345
-
surtax
-
-
-
-
pensions
2 516
-
5 038
-
social contributions
635
-
2 061
-
income
1 313
-
14 087
-
total
4 464
-
21 186
-
Employer
22 255
-
72 345
-
other
768
-
2 826
-
pensions
3 656
-
8 480
-
unemployment
901
-
2 930
-
social contributions
67
-
217
-
health
1 558
-
6 703
-
total
6 950
-
21 156
-
Corporate
64 295
93 500
-
-
income
18 002
26 180
-
-
surtax
-
-
-
-
total
18 002
26 180
-
-
Dividends
46 292
67 320
-
-
withholding
5 926
8 617
-
-
social contributions
7 963
11 579
-
-
surtax
-
-
-
-
total
13 889
20 196
-
-
Income
93 500
93 500
93 500
93 500
Total tax
43 305
46 376
42 342
40 839
After tax
50 195
47 124
51 158
52 661
Living cost
17 791
17 791
17 791
17 791
Free-cash
32 404
29 333
33 367
34 870

Estimated living cost  is ₴17791 per week

₴11218
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1447
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33987
₴31096
₴35130
₴36633
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
2 898
social contributions
-
-
-
2 663
income
-
-
-
14 775
pensions
-
-
-
16 491
health
-
-
-
4 012
surtax
-
-
-
-
total
-
-
-
40 839
Employee
19 866
-
72 345
-
surtax
-
-
-
-
pensions
2 247
-
5 038
-
social contributions
566
-
2 061
-
income
1 024
-
14 087
-
total
3 837
-
21 186
-
Employer
19 866
-
72 345
-
other
686
-
2 826
-
pensions
3 264
-
8 480
-
unemployment
804
-
2 930
-
social contributions
59
-
217
-
health
1 390
-
6 703
-
total
6 203
-
21 156
-
Corporate
67 430
93 500
-
-
income
18 881
26 180
-
-
surtax
-
-
-
-
total
18 881
26 180
-
-
Dividends
48 549
67 320
-
-
withholding
6 214
8 617
-
-
social contributions
8 350
11 579
-
-
surtax
-
-
-
-
total
14 564
20 196
-
-
Income
93 500
93 500
93 500
93 500
Total tax
43 485
46 376
42 342
40 839
After tax
50 015
47 124
51 158
52 661
Living cost
16 028
16 028
16 028
16 028
Free-cash
33 987
31 096
35 130
36 633

Estimated living cost  is ₴16028 per week

₴9296
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1628
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4801
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46287
₴46016
₴47034
₴49018
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
12 903
income
-
-
-
14 025
health
-
-
-
6 527
total
-
-
-
33 455
Employee
17 631
-
93 500
-
health
1 231
-
6 527
-
social contributions
2 433
-
12 903
-
income
2 941
-
16 009
-
total
6 605
-
35 439
-
Employer
17 631
-
93 500
-
total
-
-
-
-
Corporate
75 869
93 500
-
-
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%.

3 793
4 675
-
-
total
3 793
4 675
-
-
Dividends
72 075
88 825
-
-
health
5 031
6 200
-
-
withholding
10 811
13 324
-
-
social contributions
9 946
12 258
-
-
total
25 788
31 782
-
-
Income
93 500
93 500
93 500
93 500
Total tax
36 186
36 457
35 439
33 455
After tax
57 314
57 043
58 061
60 045
Living cost
11 027
11 027
11 027
11 027
Free-cash
46 287
46 016
47 034
49 018

Estimated living cost  is ₴11027 per week

₴7379
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴680
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.
₴2713
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32587
₴33390
₴6437
₴29670
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
chamber of commerce
-
-
-
374
unemployment
-
-
-
3 189
income
-
-
-
25 955
pensions
-
-
-
11 239
health
-
-
-
4 647
surtax
-
-
-
103
total
-
-
-
45 507
Employee
25 987
20 723
74 882
-
unemployment
780
622
1 823
-
other
260
207
608
-
health
1 006
802
2 351
-
pensions
2 661
2 122
6 221
-
income
2 958
1 529
20 893
-
total
7 665
5 282
31 896
-
Employer
25 987
20 723
74 882
-
payroll
780
622
2 246
-
other
1 234
984
3 436
-
accident
337
269
789
-
pensions
3 261
2 601
7 624
-
unemployment
780
622
1 823
-
chamber of commerce
104
83
300
-
surtax
103
103
103
-
health
982
784
2 296
-
total
7 581
6 068
18 617
-
Corporate
59 932
66 710
72 909
-
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.

14 983
16 678
18 227
-
total
14 983
16 678
18 227
-
Dividends
44 949
50 032
-
-
withholding
12 361
13 759
-
-
total
12 361
13 759
-
-
Income
93 500
93 500
93 500
93 500
Total tax
42 590
41 787
68 740
45 507
After tax
50 910
51 713
24 760
47 993
Living cost
18 323
18 323
18 323
18 323
Free-cash
32 587
33 390
6 437
29 670

Estimated living cost  is ₴18323 per week

₴12221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4238
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25527
₴33328
₴13854
₴21588
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
12 965
national
-
-
-
35 155
communal

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

-
-
-
4 832
total
-
-
-
52 952
Employee

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

37 196
-
72 419
-
national
11 436
-
26 365
-
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.

324
-
630
-
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.

1 748
-
3 403
-
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.

2 790
-
5 431
-
communal

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

1 940
-
3 777
-
total
18 238
-
39 606
-
Employer

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

37 196
-
72 419
-
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.

484
-
941
-
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.

3 296
-
6 416
-
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.

543
-
1 057
-
surtax
4 218
-
8 212
-
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.

2 287
-
4 454
-
total
10 828
-
21 080
-
Corporate
45 477
93 500
-
-
income
9 095
18 700
-
-
surtax
182
374
-
-
total
9 277
19 074
-
-
Dividends
36 200
74 426
-
-
withholding

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

10 670
22 138
-
-
total
10 670
22 138
-
-
Income
93 500
93 500
93 500
93 500
Total tax
49 013
41 212
60 686
52 952
After tax
44 487
52 288
32 814
40 548
Living cost
18 960
18 960
18 960
18 960
Free-cash
25 527
33 328
13 854
21 588

Estimated living cost  is ₴18960 per week

₴12213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1658
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.
₴4793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39958
₴43521
₴31488
₴33671
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
48
unemployment
-
-
-
337
income
-
-
-
26 590
pensions
-
-
-
13 640
accident
-
-
-
434
total
-
-
-
41 049
Employee
25 885
-
78 134
-
unemployment
402
-
747
-
other
26
-
48
-
pensions
1 217
-
2 266
-
income
5 461
-
24 805
-
total
7 106
-
27 866
-
Employer
25 885
-
78 134
-
other
206
-
386
-
accident
512
-
954
-
pensions
6 108
-
11 375
-
unemployment
1 424
-
2 651
-
total
8 250
-
15 366
-
Corporate
59 365
93 500
-
-
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.

8 905
14 025
-
-
total
8 905
14 025
-
-
Dividends
50 460
79 475
-
-
withholding
10 501
17 174
-
-
total
10 501
17 174
-
-
Income
93 500
93 500
93 500
93 500
Total tax
34 762
31 199
43 232
41 049
After tax
58 738
62 301
50 268
52 451
Living cost
18 780
18 780
18 780
18 780
Free-cash
39 958
43 521
31 488
33 671

Estimated living cost  is ₴18780 per week

₴13829
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1332
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.
₴3347
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19598
₴26305
₴21481
₴17756
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
income
-
-
-
15 568
pensions
-
-
-
14 015
accident
-
-
-
788
communal
-
-
-
5 909
health
-
-
-
6 570
surtax
-
-
-
4 635
total
-
-
-
47 485
Employee
39 380
-
83 518
-
surtax
2 414
-
5 119
-
health
1 753
-
3 717
-
pensions
3 150
-
6 682
-
income
3 804
-
18 260
-
total
11 121
-
33 778
-
Employer
39 380
-
83 518
-
accident
354
-
752
-
pensions
3 150
-
6 682
-
health
1 201
-
2 548
-
total
4 705
-
9 982
-
Corporate
49 415
93 500
-
-
income
7 412
14 025
-
-
communal
3 335
6 312
-
-
surtax
519
982
-
-
total
11 266
21 319
-
-
Dividends
38 149
72 181
-
-
withholding
5 722
10 827
-
-
income
12 829
6 790
-
-
total
18 551
17 617
-
-
Income
93 500
93 500
93 500
93 500
Total tax
45 643
38 936
43 760
47 485
After tax
47 857
54 564
49 740
46 015
Living cost
28 259
28 259
28 259
28 259
Free-cash
19 598
26 305
21 481
17 756

Estimated living cost  is ₴28259 per week

₴21199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1712
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.
₴5049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45476
₴47132
₴29361
₴32542
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
-
unemployment
-
-
-
118
income
-
-
-
26 256
pensions
-
-
-
13 880
health
-
-
-
4 927
surtax
-
-
-
4 097
total
-
-
-
49 278
Employee
17 512
-
78 891
-
surtax
62
-
3 476
-
unemployment
1 219
-
4 830
-
other
-
-
-
-
health
447
-
1 769
-
pensions
1 168
-
4 629
-
income
2 936
-
23 146
-
total
5 832
-
37 850
-
Employer
17 512
-
78 891
-
other
-
-
-
-
pensions
2 335
-
9 251
-
unemployment
556
-
2 200
-
health
796
-
3 158
-
total
3 687
-
14 609
-
Corporate
72 301
93 500
-
-
income
18 799
24 310
-
-
total
18 799
24 310
-
-
Dividends
53 503
69 190
-
-
withholding
8 026
10 378
-
-
total
8 026
10 378
-
-
Income
93 500
93 500
93 500
93 500
Total tax
36 344
34 688
52 459
49 278
After tax
57 156
58 812
41 041
44 222
Living cost
11 680
11 680
11 680
11 680
Free-cash
45 476
47 132
29 361
32 542

Estimated living cost  is ₴11680 per week

₴7052
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.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3342
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33983
₴35138
₴26062
₴30262
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
regional
-
-
-
1 410
social contributions
-
-
-
24 048
municipal
-
-
-
556
national
-
-
-
23 216
total
-
-
-
49 230
Employee
28 845
-
93 500
-
national
4 570
-
20 149
-
regional
388
-
1 258
-
municipal
153
-
495
-
social contributions
9 727
-
31 528
-
total
14 838
-
53 430
-
Employer
28 845
-
93 500
-
total
-
-
-
-
Corporate
64 655
93 500
-
-
nationa
15 518
22 440
-
-
municipal
3 213
4 647
-
-
total
18 731
27 087
-
-
Dividends
45 924
66 413
-
-
withholding
11 940
17 267
-
-
total
11 940
17 267
-
-
Income
93 500
93 500
93 500
93 500
Total tax
45 509
44 354
53 430
49 230
After tax
47 991
49 146
40 070
44 270
Living cost
14 008
14 008
14 008
14 008
Free-cash
33 983
35 138
26 062
30 262

Estimated living cost  is ₴14008 per week

₴8712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1419
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3637
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42706
₴48404
₴32798
₴36923
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
18 650
income
-
-
-
9 334
health
-
-
-
12 622
solidarity contribution
-
-
-
-
total
-
-
-
40 606
Employee
23 487
-
71 131
-
solidarity contribution
-
-
-
-
health
3 171
-
9 603
-
social contributions
1 527
-
4 152
-
income
2 818
-
8 606
-
total
7 516
-
22 361
-
Employer
23 487
-
71 131
-
social contributions
5 872
-
15 968
-
health
2 114
-
6 402
-
total
7 986
-
22 370
-
Corporate
62 028
93 500
-
-
income
11 785
17 765
-
-
total
11 785
17 765
-
-
Dividends
50 242
75 735
-
-
withholding
7 536
11 360
-
-
total
7 536
11 360
-
-
Income
93 500
93 500
93 500
93 500
Total tax
34 823
29 125
44 731
40 606
After tax
58 677
64 375
48 769
52 894
Living cost
15 971
15 971
15 971
15 971
Free-cash
42 706
48 404
32 798
36 923

Estimated living cost  is ₴15971 per week

₴11877
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴885
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2933
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34922
₴35179
₴8196
₴31506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
chamber of commerce
-
-
-
374
unemployment
-
-
-
3 189
income
-
-
-
25 955
pensions
-
-
-
11 239
health
-
-
-
4 647
surtax
-
-
-
-
total
-
-
-
45 404
Employee
22 731
20 723
74 979
-
unemployment
682
622
1 823
-
other
227
207
608
-
health
879
802
2 351
-
pensions
2 328
2 122
6 221
-
income
2 025
1 529
20 939
-
total
6 141
5 282
31 942
-
Employer
22 731
20 723
74 979
-
payroll
682
622
2 249
-
other
1 080
984
3 440
-
accident
295
269
789
-
pensions
2 853
2 601
7 624
-
unemployment
682
622
1 823
-
chamber of commerce
91
83
300
-
surtax
-
-
-
-
health
860
784
2 296
-
total
6 543
5 965
18 521
-
Corporate
64 228
66 813
73 005
-
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.

16 057
16 704
18 251
-
total
16 057
16 704
18 251
-
Dividends
48 170
50 109
-
-
withholding
13 247
13 780
-
-
total
13 247
13 780
-
-
Income
93 500
93 500
93 500
93 500
Total tax
41 988
41 731
68 714
45 404
After tax
51 512
51 769
24 786
48 096
Living cost
16 590
16 590
16 590
16 590
Free-cash
34 922
35 179
8 196
31 506

Estimated living cost  is ₴16590 per week

₴9952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1694
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴81068
₴82293
₴68268
₴86033
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
93 500
microenterprise

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

-
-
-
935
total
-
-
-
935
Employee
8 165
-
93 500
-
income
1 633
-
18 700
-
total
1 633
-
18 700
-
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%.

85 335
93 500
-
-
total
-
-
-
-
Dividends
85 335
93 500
-
-
withholding
4 267
4 675
-
-
total
4 267
4 675
-
-
Income
93 500
93 500
93 500
93 500
Total tax
5 900
4 675
18 700
935
After tax
87 600
88 825
74 800
92 565
Living cost
6 532
6 532
6 532
6 532
Free-cash
81 068
82 293
68 268
86 033

Estimated living cost  is ₴6532 per week

₴4420
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴274
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1618
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46077
₴50427
₴29146
₴31621
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
93 500
unemployment
-
-
-
140
income
-
-
-
21 515
pensions
-
-
-
17 076
health
-
-
-
9 200
total
-
-
-
47 931
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.

22 995
-
80 903
-
unemployment
33
-
113
-
health
1 485
-
5 226
-
pensions
3 564
-
12 540
-
income
3 965
-
19 931
-
total
9 047
-
37 810
-
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.

22 995
-
80 903
-
pensions
2 035
-
7 160
-
unemployment
14
-
48
-
health
1 532
-
5 388
-
total
3 581
-
12 596
-
Corporate
66 925
93 500
-
-
income
12 716
17 765
-
-
total
12 716
17 765
-
-
Dividends
54 209
75 735
-
-
withholding
8 131
11 360
-
-
total
8 131
11 360
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 475
29 125
50 406
47 931
After tax
60 025
64 375
43 094
45 569
Living cost
13 948
13 948
13 948
13 948
Free-cash
46 077
50 427
29 146
31 621

Estimated living cost  is ₴13948 per week

₴9572
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴894
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.
₴3212
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7779
₴33528
₴63022
₴41259
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
10 659
income
-
-
-
18 225
total
-
-
-
28 884
Employee
33 491
-
-
-
social contributions
2 746
-
391
-
income
7 388
-
-
-
total
10 134
-
391
-
Employer
33 491
-
-
-
social contributions
47 223
-
6 730
-
total
47 223
-
6 730
-
Corporate
12 786
93 500
-
-
income
2 813
20 570
-
-
total
2 813
20 570
-
-
Dividends
9 973
72 930
-
-
income
2 194
16 045
-
-
total
2 194
16 045
-
-
Income
93 500
93 500
93 500
93 500
Total tax
62 364
36 615
7 121
28 884
After tax
31 136
56 885
86 379
64 616
Living cost
23 357
23 357
23 357
23 357
Free-cash
7 779
33 528
63 022
41 259

Estimated living cost  is ₴23357 per week

₴15155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2197
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.
₴5708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36347
₴36872
₴26551
₴33640
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
93 500
social contributions

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

-
-
-
32 492
income
-
-
-
11 057
surtax
-
-
-
-
total
-
-
-
43 549
Employee
23 916
-
75 556
-
surtax
-
-
-
-
social contributions
2 631
-
8 311
-
income
4 975
-
24 383
-
total
7 606
-
32 694
-
Employer
23 916
-
75 556
-
social contributions
5 680
-
17 944
-
total
5 680
-
17 944
-
Corporate
63 904
93 500
-
-
income
13 420
19 635
-
-
surtax
-
-
-
-
total
13 420
19 635
-
-
Dividends
50 484
73 865
-
-
withholding
14 136
20 682
-
-
total
14 136
20 682
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 842
40 317
50 638
43 549
After tax
52 658
53 183
42 862
49 951
Living cost
16 311
16 311
16 311
16 311
Free-cash
36 347
36 872
26 551
33 640

Estimated living cost  is ₴16311 per week

₴12204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴962
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2873
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25582
₴22008
₴26042
₴27545
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
2 898
social contributions
-
-
-
2 663
income
-
-
-
14 775
pensions
-
-
-
16 491
health
-
-
-
4 012
surtax
-
-
-
-
total
-
-
-
40 839
Employee
32 569
-
72 345
-
surtax
-
-
-
-
pensions
3 684
-
5 038
-
social contributions
928
-
2 061
-
income
2 842
-
14 087
-
total
7 454
-
21 186
-
Employer
32 569
-
72 345
-
other
1 124
-
2 826
-
pensions
5 351
-
8 480
-
unemployment
1 319
-
2 930
-
social contributions
98
-
217
-
health
2 280
-
6 703
-
total
10 172
-
21 156
-
Corporate
50 759
93 500
-
-
income
14 213
26 180
-
-
surtax
-
-
-
-
total
14 213
26 180
-
-
Dividends
36 546
67 320
-
-
withholding
4 677
8 617
-
-
social contributions
6 286
11 579
-
-
surtax
-
-
-
-
total
10 963
20 196
-
-
Income
93 500
93 500
93 500
93 500
Total tax
42 802
46 376
42 342
40 839
After tax
50 698
47 124
51 158
52 661
Living cost
25 116
25 116
25 116
25 116
Free-cash
25 582
22 008
26 042
27 545

Estimated living cost  is ₴25116 per week

₴16998
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2055
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴344
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66773
₴68519
₴55649
₴53163
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
income
-
-
-
4 136
social contributions
-
-
-
20 570
total
-
-
-
24 706
Employee
16 718
-
80 953
-
social contributions
1 086
-
5 262
-
income
-
-
4 411
-
total
1 086
-
9 673
-
Employer
16 718
-
80 953
-
social contributions
2 591
-
12 547
-
total
2 591
-
12 547
-
Corporate
74 191
93 500
-
-
income
7 419
9 350
-
-
total
7 419
9 350
-
-
Dividends
66 772
84 150
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
11 096
9 350
22 220
24 706
After tax
82 404
84 150
71 280
68 794
Living cost
15 631
15 631
15 631
15 631
Free-cash
66 773
68 519
55 649
53 163

Estimated living cost  is ₴15631 per week

₴10107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1178
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4052
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19647
-₴19647
-₴19647
₴30017
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
pensions
-
-
-
450
municipal
-
-
-
19 537
labour market
-
-
-
7 444
national
-
-
-
11 042
total
-
-
-
38 473
Employee
105 563
105 563
105 563
-
national
12 896
12 896
12 896
-
municipal
22 479
22 479
22 479
-
labour market
8 433
8 433
8 433
-
pensions
150
150
150
-
total
43 958
43 958
43 958
-
Employer
105 563
105 563
105 563
-
municipal
22 515
22 515
22 515
-
pensions
300
300
300
-
national
12 919
12 919
12 919
-
labour market
8 445
8 445
8 445
-
total
44 179
44 179
44 179
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
88 137
88 137
88 137
38 473
After tax
5 363
5 363
5 363
55 027
Living cost
25 010
25 010
25 010
25 010
Free-cash
-19 647
-19 647
-19 647
30 017

Estimated living cost  is ₴25010 per week

₴17117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2212
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴385
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5296
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5809
-₴3931
₴39285
₴52414
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
197
income
-
-
-
25 886
pensions
-
-
-
2 208
accident
-
-
-
134
health
-
-
-
1 157
total
-
-
-
29 582
Employee
18 097
-
84 184
-
health
2 072
-
9 639
-
pensions
2 038
-
4 049
-
income
2 483
-
19 708
-
total
6 593
-
33 396
-
Employer
18 097
-
84 184
-
accident
302
-
1 406
-
pensions
2 943
-
5 847
-
unemployment
443
-
2 062
-
total
3 688
-
9 315
-
Corporate
71 715
93 500
-
-
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.

64 543
84 150
-
-
total
64 543
84 150
-
-
Dividends
7 171
9 350
-
-
withholding
1 363
1 777
-
-
total
1 363
1 777
-
-
Income
93 500
93 500
93 500
93 500
Total tax
76 187
85 927
42 711
29 582
After tax
17 313
7 573
50 789
63 918
Living cost
11 504
11 504
11 504
11 504
Free-cash
5 809
-3 931
39 285
52 414

Estimated living cost  is ₴11504 per week

₴8374
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴656
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39858
₴38507
₴28963
₴40066
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
93 500
municipal
-
-
-
16 610
national
-
-
-
15 637
health
-
-
-
1 223
total
-
-
-
33 470
Employee
27 359
-
78 656
-
national
452
-
9 435
-
unemployment
411
-
1 180
-
health
204
-
995
-
municipal
4 481
-
12 811
-
pensions
1 846
-
5 309
-
total
7 394
-
29 730
-
Employer
27 359
-
78 656
-
accident
28
-
79
-
pensions
4 747
-
13 647
-
unemployment
178
-
511
-
health
210
-
606
-
total
5 163
-
14 843
-
Corporate
60 979
93 500
-
-
income
12 196
18 700
-
-
total
12 196
18 700
-
-
Dividends

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

36 588
56 100
-
-
municipal
6 586
10 098
-
-
national
2 339
6 231
-
-
total
8 925
16 329
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 678
35 029
44 573
33 470
After tax
59 822
58 471
48 927
60 030
Living cost
19 964
19 964
19 964
19 964
Free-cash
39 858
38 507
28 963
40 066

Estimated living cost  is ₴19964 per week

₴13041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4686
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53332
₴56161
₴50955
₴51772
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
8 414
income
-
-
-
18 890
health
-
-
-
2 384
total
-
-
-
29 688
Employee
39 986
39 986
87 406
-
health
310
680
1 486
-
social contributions
1 512
3 319
4 476
-
income
4 354
3 702
18 450
-
total
6 176
7 701
24 412
-
Employer
39 986
39 986
87 406
-
social contributions
1 512
3 319
4 476
-
health
337
740
1 617
-
total
1 849
4 059
6 093
-
Corporate
73 437
49 455
-
-
income
9 179
6 182
-
-
total
9 179
6 182
-
-
Dividends
64 257
43 273
-
-
withholding
10 924
7 357
-
-
total
10 924
7 357
-
-
Income
93 500
93 500
93 500
93 500
Total tax
28 128
25 299
30 505
29 688
After tax
65 372
68 201
62 995
63 812
Living cost
12 040
12 040
12 040
12 040
Free-cash
53 332
56 161
50 955
51 772

Estimated living cost  is ₴12040 per week

₴7216
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1181
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.
₴3377
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66528
₴69171
₴60079
₴70510
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
93 500
unemployment
-
-
-
15
income
-
-
-
9 529
pensions
-
-
-
3 308
health
-
-
-
1 882
total
-
-
-
14 734
Employee

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

11 936
-
88 418
-
unemployment
59
-
247
-
health
1 014
-
4 194
-
pensions
1 790
-
7 401
-
income
816
-
8 240
-
total
3 679
-
20 082
-
Employer

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

11 936
-
88 418
-
pensions
656
-
2 714
-
unemployment
59
-
247
-
health
513
-
2 122
-
total
1 228
-
5 083
-
Corporate
80 336
93 500
-
-
income
7 230
8 415
-
-
total
7 230
8 415
-
-
Dividends
73 105
85 085
-
-
withholding
6 579
7 658
-
-
total
6 579
7 658
-
-
Income
93 500
93 500
93 500
93 500
Total tax
18 716
16 073
25 165
14 734
After tax
74 784
77 427
68 335
78 766
Living cost
8 256
8 256
8 256
8 256
Free-cash
66 528
69 171
60 079
70 510

Estimated living cost  is ₴8256 per week

₴5268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2147
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45704
₴48001
₴35968
₴38151
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
48
unemployment
-
-
-
337
income
-
-
-
26 590
pensions
-
-
-
13 640
accident
-
-
-
434
total
-
-
-
41 049
Employee
19 228
-
78 134
-
unemployment
298
-
747
-
other
19
-
48
-
pensions
904
-
2 266
-
income
3 707
-
24 805
-
total
4 928
-
27 866
-
Employer
19 228
-
78 134
-
other
154
-
386
-
accident
381
-
954
-
pensions
4 537
-
11 375
-
unemployment
1 058
-
2 651
-
total
6 130
-
15 366
-
Corporate
68 142
93 500
-
-
income

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

10 221
14 025
-
-
total
10 221
14 025
-
-
Dividends
57 921
79 475
-
-
withholding
12 217
17 174
-
-
total
12 217
17 174
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 496
31 199
43 232
41 049
After tax
60 004
62 301
50 268
52 451
Living cost
14 300
14 300
14 300
14 300
Free-cash
45 704
48 001
35 968
38 151

Estimated living cost  is ₴14300 per week

₴9652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1375
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3023
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴57238
₴57393
₴59199
₴59265
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
income
-
-
-
32 087
pensions
-
-
-
694
health
-
-
-
503
total
-
-
-
33 284
Employee
1 448
-
92 720
-
unemployment
14
-
35
-
health
72
-
173
-
pensions
130
-
312
-
income
280
-
32 050
-
total
496
-
32 570
-
Employer
1 448
-
92 720
-
pensions
159
-
382
-
unemployment
29
-
69
-
health
138
-
329
-
total
326
-
780
-
Corporate
91 726
93 500
-
-
income
20 180
20 570
-
-
total
20 180
20 570
-
-
Dividends
71 546
72 930
-
-
withholding
14 309
14 586
-
-
total
14 309
14 586
-
-
Income
93 500
93 500
93 500
93 500
Total tax
35 311
35 156
33 350
33 284
After tax
58 189
58 344
60 150
60 216
Living cost
951
951
951
951
Free-cash
57 238
57 393
59 199
59 265

Estimated living cost  is ₴951 per week

₴565
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴56021
₴58576
₴48813
₴48814
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
93 500
unemployment
-
-
-
575
income
-
-
-
21 206
pensions
-
-
-
9 975
health
-
-
-
3 952
total
-
-
-
35 708
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.

13 538
-
86 632
-
unemployment
102
-
288
-
health
697
-
1 976
-
pensions
1 895
-
5 371
-
income
1 866
-
21 206
-
total
4 560
-
28 841
-
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.

13 538
-
86 632
-
pensions
1 625
-
4 604
-
unemployment
102
-
288
-
health
697
-
1 976
-
total
2 424
-
6 868
-
Corporate
77 538
93 500
-
-
income
11 631
14 025
-
-
total
11 631
14 025
-
-
Dividends
65 908
79 475
-
-
withholding
9 886
11 921
-
-
total
9 886
11 921
-
-
Income
93 500
93 500
93 500
93 500
Total tax
28 501
25 946
35 709
35 708
After tax
64 999
67 554
57 791
57 792
Living cost
8 978
8 978
8 978
8 978
Free-cash
56 021
58 576
48 813
48 814

Estimated living cost  is ₴8978 per week

₴6045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴694
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1979
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38976
₴39164
₴28843
₴35932
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
93 500
social contributions

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

-
-
-
32 492
income
-
-
-
11 057
surtax
-
-
-
-
total
-
-
-
43 549
Employee
20 183
-
75 556
-
surtax
-
-
-
-
social contributions
2 220
-
8 311
-
income
3 944
-
24 383
-
total
6 164
-
32 694
-
Employer
20 183
-
75 556
-
social contributions
4 793
-
17 944
-
total
4 793
-
17 944
-
Corporate
68 525
93 500
-
-
income
14 391
19 635
-
-
surtax
-
-
-
-
total
14 391
19 635
-
-
Dividends
54 134
73 865
-
-
withholding
15 157
20 682
-
-
total
15 157
20 682
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 505
40 317
50 638
43 549
After tax
52 995
53 183
42 862
49 951
Living cost
14 019
14 019
14 019
14 019
Free-cash
38 976
39 164
28 843
35 932

Estimated living cost  is ₴14019 per week

₴9929
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
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.
₴2868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40623
₴44026
₴31993
₴34176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
48
unemployment
-
-
-
337
income
-
-
-
26 590
pensions
-
-
-
13 640
accident
-
-
-
434
total
-
-
-
41 049
Employee
25 114
-
78 134
-
unemployment
389
-
747
-
other
25
-
48
-
pensions
1 180
-
2 266
-
income
5 245
-
24 805
-
total
6 839
-
27 866
-
Employer
25 114
-
78 134
-
other
201
-
386
-
accident
497
-
954
-
pensions
5 927
-
11 375
-
unemployment
1 382
-
2 651
-
total
8 007
-
15 366
-
Corporate
60 379
93 500
-
-
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.

9 057
14 025
-
-
total
9 057
14 025
-
-
Dividends
51 322
79 475
-
-
withholding
10 699
17 174
-
-
total
10 699
17 174
-
-
Income
93 500
93 500
93 500
93 500
Total tax
34 602
31 199
43 232
41 049
After tax
58 898
62 301
50 268
52 451
Living cost
18 275
18 275
18 275
18 275
Free-cash
40 623
44 026
31 993
34 176

Estimated living cost  is ₴18275 per week

₴13125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3473
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68096
₴71195
₴69693
₴65984
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
unemployment
-
-
-
71
income
-
-
-
14 025
pensions

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

-
-
-
2 629
health
-
-
-
2 043
total
-
-
-
18 768
Employee
11 584
-
90 015
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
health
533
-
817
-
pensions

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

1 017
-
1 560
-
income
1 159
-
9 002
-
total
2 836
-
11 574
-
Employer
11 584
-
90 015
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 276
-
1 957
-
unemployment
70
-
107
-
health
799
-
1 226
-
total
2 272
-
3 485
-
Corporate
79 644
93 500
-
-
income
7 964
9 350
-
-
total
7 964
9 350
-
-
Dividends
71 679
84 150
-
-
withholding
3 584
4 207
-
-
total
3 584
4 207
-
-
Income
93 500
93 500
93 500
93 500
Total tax
16 656
13 557
15 059
18 768
After tax
76 844
79 943
78 441
74 732
Living cost
8 748
8 748
8 748
8 748
Free-cash
68 096
71 195
69 693
65 984

Estimated living cost  is ₴8748 per week

₴5786
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2253
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34843
₴28039
₴39156
₴29208
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
93 500
trade
-
-
-
9 948
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.

-
-
-
29 113
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.

-
-
-
3 553
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.

-
-
-
1 602
total
-
-
-
44 216
Employee

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

25 873
-
93 500
-
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.

117
-
1 602
-
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.

3 553
-
3 553
-
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.

2 128
-
29 113
-
total
5 798
-
34 268
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 627
93 500
-
-
trade
9 704
13 418
-
-
income
10 144
14 025
-
-
surtax

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

558
772
-
-
chamber of commerce
178
216
-
-
total
20 584
28 431
-
-
Dividends
47 043
65 069
-
-
withholding
11 563
16 070
-
-
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.

636
884
-
-
total
12 199
16 954
-
-
Income
93 500
93 500
93 500
93 500
Total tax
38 581
45 385
34 268
44 216
After tax
54 919
48 115
59 232
49 284
Living cost
20 076
20 076
20 076
20 076
Free-cash
34 843
28 039
39 156
29 208

Estimated living cost  is ₴20076 per week

₴13849
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2160
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36977
₴35828
₴19430
₴19430
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
15 643
income
-
-
-
28 805
total
-
-
-
44 448
Employee
40 676
-
93 500
-
social contributions
3 379
-
15 643
-
income
7 675
-
28 805
-
total
11 054
-
44 448
-
Employer
40 676
-
93 500
-
total
-
-
-
-
Corporate
52 824
93 500
-
-
income
6 603
11 688
-
-
total
6 603
11 688
-
-
Dividends
46 221
81 812
-
-
withholding
9 244
16 362
-
-
total
9 244
16 362
-
-
Income
93 500
93 500
93 500
93 500
Total tax
26 901
28 050
44 448
44 448
After tax
66 599
65 450
49 052
49 052
Living cost
29 622
29 622
29 622
29 622
Free-cash
36 977
35 828
19 430
19 430

Estimated living cost  is ₴29622 per week

₴22536
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4389
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40970
₴39152
₴47488
₴56705
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
93 500
health

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

-
-
-
3 117
income
-
-
-
14 802
total
-
-
-
17 919
Employee
23 855
-
91 108
-
social contributions
2 390
-
2 392
-
income
2 588
-
22 352
-
total
4 978
-
24 744
-
Employer
23 855
-
91 108
-
social contributions
2 390
-
2 392
-
total
2 390
-
2 392
-
Corporate
67 255
93 500
-
-
income
23 539
32 725
-
-
total
23 539
32 725
-
-
Dividends
43 716
60 775
-
-
social contributions
2 747
2 747
-
-
total
2 747
2 747
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 654
35 472
27 136
17 919
After tax
59 846
58 028
66 364
75 581
Living cost
18 876
18 876
18 876
18 876
Free-cash
40 970
39 152
47 488
56 705

Estimated living cost  is ₴18876 per week

₴12434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1488
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4665
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44837
₴41792
₴34239
₴42686
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
income
-
-
-
27 036
pensions
-
-
-
4 684
total
-
-
-
31 720
Employee
26 209
-
81 650
-
health
342
-
1 172
-
pensions
2 000
-
5 740
-
income
4 773
-
21 405
-
total
7 115
-
28 317
-
Employer
26 209
-
81 650
-
pensions
2 648
-
10 299
-
health
498
-
1 551
-
total
3 146
-
11 850
-
Corporate
64 145
93 500
-
-
income

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

12 187
17 765
-
-
total
12 187
17 765
-
-
Dividends
51 958
75 735
-
-
withholding
7 121
14 849
-
-
total
7 121
14 849
-
-
Income
93 500
93 500
93 500
93 500
Total tax
29 569
32 614
40 167
31 720
After tax
63 931
60 886
53 333
61 780
Living cost
19 094
19 094
19 094
19 094
Free-cash
44 837
41 792
34 239
42 686

Estimated living cost  is ₴19094 per week

₴13098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1756
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴5634
-₴5070
₴38146
₴51275
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
197
income
-
-
-
25 886
pensions
-
-
-
2 208
accident
-
-
-
134
health
-
-
-
1 157
total
-
-
-
29 582
Employee
19 888
-
84 184
-
health
2 277
-
9 639
-
pensions
2 239
-
4 049
-
income
2 729
-
19 708
-
total
7 245
-
33 396
-
Employer
19 888
-
84 184
-
accident
332
-
1 406
-
pensions
3 234
-
5 847
-
unemployment
487
-
2 062
-
total
4 053
-
9 315
-
Corporate
69 559
93 500
-
-
income

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

62 603
84 150
-
-
total
62 603
84 150
-
-
Dividends
6 956
9 350
-
-
withholding
1 322
1 777
-
-
total
1 322
1 777
-
-
Income
93 500
93 500
93 500
93 500
Total tax
75 223
85 927
42 711
29 582
After tax
18 277
7 573
50 789
63 918
Living cost
12 643
12 643
12 643
12 643
Free-cash
5 634
-5 070
38 146
51 275

Estimated living cost  is ₴12643 per week

₴9279
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.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2373
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
Skopje , Macedonia
₴69239
₴71668
₴59625
₴48210
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
93 500
unemployment
-
-
-
996
income
-
-
-
15 447
pensions
-
-
-
15 276
health insurance
-
-
-
6 144
work injury
-
-
-
415
total
-
-
-
38 278
Employee

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

11 220
-
93 500
-
health insurance
830
-
3 072
-
unemployment
135
-
498
-
work injury
56
-
208
-
pensions
2 064
-
7 638
-
income
1 122
-
15 447
-
total
4 207
-
26 863
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
82 280
93 500
-
-
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%.

823
935
-
-
total
823
935
-
-
Dividends
81 458
92 565
-
-
withholding
12 219
13 885
-
-
total
12 219
13 885
-
-
Income
93 500
93 500
93 500
93 500
Total tax
17 249
14 820
26 863
38 278
After tax
76 251
78 680
66 637
55 222
Living cost
7 012
7 012
7 012
7 012
Free-cash
69 239
71 668
59 625
48 210

Estimated living cost  is ₴7012 per week

₴4344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴510
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1940
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26167
₴28533
₴18647
₴22751
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
regional
-
-
-
2 144
social contributions
-
-
-
24 048
municipal
-
-
-
625
national
-
-
-
23 216
total
-
-
-
50 033
Employee
43 819
-
93 500
-
national
7 405
-
20 149
-
regional
662
-
1 902
-
municipal
262
-
558
-
social contributions
14 775
-
31 528
-
total
23 104
-
54 137
-
Employer
43 819
-
93 500
-
total
-
-
-
-
Corporate
49 681
93 500
-
-
nationa
11 924
22 440
-
-
municipal
2 395
4 507
-
-
total
14 319
26 947
-
-
Dividends
35 363
66 553
-
-
withholding
9 194
17 304
-
-
total
9 194
17 304
-
-
Income
93 500
93 500
93 500
93 500
Total tax
46 617
44 251
54 137
50 033
After tax
46 883
49 249
39 363
43 467
Living cost
20 716
20 716
20 716
20 716
Free-cash
26 167
28 533
18 647
22 751

Estimated living cost  is ₴20716 per week

₴14551
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.
₴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.
₴4426
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close