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
₴31270
₴43408
₴37071
₴32523
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 885
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.

-
-
-
1 597
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.

-
-
-
29 025
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.

-
-
-
3 583
total
-
-
-
45 090
Employee

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

20 061
-
93 500
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

560
-
29 025
-
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.

31
-
1 597
-
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.

3 583
-
3 583
-
total
4 174
-
34 205
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
73 439
93 500
-
-
income
11 015
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.

606
771
-
-
trade
11 567
14 726
-
-
chamber of commerce
185
214
-
-
total
23 373
29 736
-
-
Dividends
50 065
63 763
-
-
surtax

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

678
866
-
-
withholding
12 317
15 741
-
-
total
12 995
16 607
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 542
46 343
34 205
45 090
After tax
52 958
47 157
59 295
48 410
Living cost
15 887
15 887
15 887
15 887
Free-cash
37 071
31 270
43 408
32 523

Estimated living cost  is ₴15887 per week

₴9993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1852
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3744
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30638
₴28195
₴30176
₴27504
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 223
national
-
-
-
15 842
total
-
-
-
38 290
Employee
42 950
-
80 830
-
pensions
1 718
-
3 233
-
national
8 221
-
16 446
-
municipal
5 305
-
10 585
-
total
15 244
-
30 264
-
Employer
42 950
-
80 830
-
social contributions
462
-
869
-
pensions
3 436
-
6 466
-
total
3 898
-
7 335
-
Corporate
43 818
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%.

8 764
18 700
-
-
total
8 764
18 700
-
-
Dividends
35 054
74 800
-
-
withholding
7 712
16 456
-
-
total
7 712
16 456
-
-
Income
93 500
93 500
93 500
93 500
Total tax
35 618
35 156
37 599
38 290
After tax
57 882
58 344
55 901
55 210
Living cost
27 706
27 706
27 706
27 706
Free-cash
30 176
30 638
28 195
27 504

Estimated living cost  is ₴27706 per week

₴18832
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.
₴415
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5884
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63888
₴28451
₴59586
₴21449
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
23 842
microenterprise
-
-
-
-
social contributions

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

-
-
-
20 096
income
-
-
-
17 201
total
-
-
-
61 139
Employee
15 326
-
70 668
-
income
2 728
-
14 182
-
surtax
-
-
10 247
-
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.

1 686
-
6 876
-
total
4 414
-
31 305
-
Employer
15 326
-
70 668
-
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.

3 692
-
15 058
-
surtax
-
-
7 774
-
total
3 692
-
22 832
-
Corporate
74 482
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%.

14 896
18 700
-
-
total
14 896
18 700
-
-
Dividends

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

59 586
74 800
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
23 002
18 700
54 137
61 139
After tax
70 498
74 800
39 363
32 361
Living cost
10 912
10 912
10 912
10 912
Free-cash
59 586
63 888
28 451
21 449

Estimated living cost  is ₴10912 per week

₴6961
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1039
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2664
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24337
₴36564
₴21124
₴29570
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 468
pensions
-
-
-
6 145
income
-
-
-
29 345
total
-
-
-
41 958
Employee
44 790
44 790
83 753
-
pensions
8 062
6 145
6 145
-
income

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

7 331
7 331
12 603
-
health
6 875
5 848
6 468
-
total
22 268
19 324
25 216
-
Employer
44 790
44 790
83 753
-
unemployment
1 612
1 612
2 004
-
health
3 113
3 113
3 869
-
pensions
3 117
3 117
3 875
-
total
7 842
7 842
9 748
-
Corporate
41 416
40 867
-
-
income
8 283
8 174
-
-
total
8 283
8 174
-
-
Dividends
33 133
32 693
-
-
income
7 041
6 947
-
-
withholding
4 970
4 904
-
-
total
12 011
11 851
-
-
Income
93 500
93 500
93 500
93 500
Total tax
50 404
47 191
34 964
41 958
After tax
43 096
46 309
58 536
51 542
Living cost
21 972
21 972
21 972
21 972
Free-cash
21 124
24 337
36 564
29 570

Estimated living cost  is ₴21972 per week

₴15571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴349
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4071
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29319
₴25903
₴28833
₴26430
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 972
accident
-
-
-
95
unemployment
-
-
-
48
pensions
-
-
-
5 149
municipal
-
-
-
23 767
other
-
-
-
5 535
national
-
-
-
7 772
total
-
-
-
45 338
Employee
30 967
-
78 535
-
national
-
-
7 481
-
municipal
9 234
-
23 419
-
total
9 234
-
30 900
-
Employer
30 967
-
78 535
-
other
3 598
-
5 535
-
unemployment
817
-
1 257
-
health
1 904
-
2 929
-
accident
62
-
95
-
pensions
3 347
-
5 149
-
total
9 728
-
14 965
-
Corporate
52 804
93 500
-
-
income
11 617
20 570
-
-
total
11 617
20 570
-
-
Dividends
41 187
72 930
-
-
withholding
12 356
21 879
-
-
total
12 356
21 879
-
-
Income
93 500
93 500
93 500
93 500
Total tax
42 935
42 449
45 865
45 338
After tax
50 565
51 051
47 635
48 162
Living cost
21 732
21 732
21 732
21 732
Free-cash
28 833
29 319
25 903
26 430

Estimated living cost  is ₴21732 per week

₴14403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2133
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4867
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26070
₴38690
₴33442
₴27320
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 370
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.

-
-
-
1 597
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.

-
-
-
29 025
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.

-
-
-
3 583
total
-
-
-
45 575
Employee

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

26 598
-
93 500
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

2 285
-
29 025
-
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.

125
-
1 597
-
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.

3 583
-
3 583
-
total
5 993
-
34 205
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
66 902
93 500
-
-
income
10 035
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.

552
771
-
-
trade
11 005
15 381
-
-
chamber of commerce
175
213
-
-
total
21 767
30 390
-
-
Dividends
45 134
63 109
-
-
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.

609
857
-
-
withholding
11 084
15 578
-
-
total
11 693
16 435
-
-
Income
93 500
93 500
93 500
93 500
Total tax
39 453
46 825
34 205
45 575
After tax
54 047
46 675
59 295
47 925
Living cost
20 605
20 605
20 605
20 605
Free-cash
33 442
26 070
38 690
27 320

Estimated living cost  is ₴20605 per week

₴13780
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51193
₴46020
₴49019
₴46840
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 486
income
-
-
-
18 778
health
-
-
-
2 384
total
-
-
-
29 648
Employee
40 332
40 332
87 369
-
income
4 235
3 734
18 337
-
social contributions
1 960
3 347
4 515
-
health
401
686
1 485
-
total
6 596
7 767
24 337
-
Employer
40 332
40 332
87 369
-
social contributions
1 960
3 347
4 515
-
health
437
747
1 616
-
total
2 397
4 094
6 131
-
Corporate
67 495
49 075
-
-
income
8 436
6 134
-
-
total
8 436
6 134
-
-
Dividends
59 059
42 940
-
-
withholding
10 040
7 300
-
-
total
10 040
7 300
-
-
Income
93 500
93 500
93 500
93 500
Total tax
27 469
25 295
30 468
29 648
After tax
66 031
68 205
63 032
63 852
Living cost
17 012
17 012
17 012
17 012
Free-cash
49 019
51 193
46 020
46 840

Estimated living cost  is ₴17012 per week

₴11630
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1329
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42003
₴43664
₴42222
₴54233
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 545
unemployment
-
-
-
1 403
pensions
-
-
-
9 350
income
-
-
-
11 430
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.

15 213
6 055
78 243
-
pensions
1 521
605
7 824
-
income
1 860
740
9 565
-
unemployment
228
91
1 174
-
health
1 065
424
5 477
-
total
4 674
1 860
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.

15 213
6 055
78 243
-
pensions
2 967
1 181
15 257
-
total
2 967
1 181
15 257
-
Corporate
75 320
86 265
-
-
income
6 779
7 764
-
-
total
6 779
7 764
-
-
Dividends
68 541
78 501
-
-
social contributions
13 296
15 238
-
-
withholding
13 023
14 915
-
-
total
26 319
30 153
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 739
40 958
39 297
28 728
After tax
52 761
52 542
54 203
64 772
Living cost
10 539
10 539
10 539
10 539
Free-cash
42 222
42 003
43 664
54 233

Estimated living cost  is ₴10539 per week

₴7192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴862
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2274
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴62131
₴41224
₴58873
₴37447
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 700
income
-
-
-
12 529
health
-
-
-
12 155
total
-
-
-
43 384
Employee
14 879
-
69 881
-
pensions
298
-
1 397
-
income
1 675
-
13 473
-
unemployment
238
-
1 118
-
total
2 211
-
15 988
-
Employer
14 879
-
69 881
-
unemployment
119
-
559
-
health
1 934
-
9 084
-
pensions
2 976
-
13 976
-
total
5 029
-
23 619
-
Corporate
73 591
93 500
-
-
income
14 718
18 700
-
-
total
14 718
18 700
-
-
Dividends
58 873
74 800
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
21 958
18 700
39 607
43 384
After tax
71 542
74 800
53 893
50 116
Living cost
12 669
12 669
12 669
12 669
Free-cash
58 873
62 131
41 224
37 447

Estimated living cost  is ₴12669 per week

₴8689
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴754
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.
₴2970
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4148
₴39053
₴5775
₴52197
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 162
accident
-
-
-
135
pensions
-
-
-
2 217
other
-
-
-
197
income
-
-
-
25 871
total
-
-
-
29 582
Employee
18 438
-
84 163
-
pensions
2 076
-
4 065
-
income
2 530
-
19 686
-
health
2 111
-
9 637
-
total
6 717
-
33 388
-
Employer
18 438
-
84 163
-
unemployment
452
-
2 062
-
accident
308
-
1 406
-
pensions
2 998
-
5 870
-
total
3 758
-
9 338
-
Corporate
71 304
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.

64 174
84 150
-
-
total
64 174
84 150
-
-
Dividends
7 130
9 350
-
-
withholding
1 355
1 777
-
-
total
1 355
1 777
-
-
Income
93 500
93 500
93 500
93 500
Total tax
76 004
85 927
42 726
29 582
After tax
17 496
7 573
50 774
63 918
Living cost
11 721
11 721
11 721
11 721
Free-cash
5 775
-4 148
39 053
52 197

Estimated living cost  is ₴11721 per week

₴8591
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴649
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2237
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴84526
₴70501
₴83720
₴88266
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 374
-
93 500
-
income
1 075
-
18 700
-
total
1 075
-
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%.

88 126
93 500
-
-
total
-
-
-
-
Dividends
88 126
93 500
-
-
withholding
4 406
4 675
-
-
total
4 406
4 675
-
-
Income
93 500
93 500
93 500
93 500
Total tax
5 481
4 675
18 700
935
After tax
88 019
88 825
74 800
92 565
Living cost
4 299
4 299
4 299
4 299
Free-cash
83 720
84 526
70 501
88 266

Estimated living cost  is ₴4299 per week

₴2664
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴357
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴118
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1159
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54718
₴38988
₴51176
₴38538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 510
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.

-
-
-
19 142
other
-
-
-
3 788
income
-
-
-
14 546
total
-
-
-
40 986
Employee
19 044
-
74 681
-
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.

1 333
-
5 228
-
income
3 279
-
14 696
-
unemployment
190
-
747
-
health
267
-
1 045
-
total
5 069
-
21 716
-
Employer
19 044
-
74 681
-
other
953
-
3 735
-
unemployment
190
-
747
-
health
267
-
1 045
-
accident
152
-
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.

3 238
-
12 696
-
total
4 800
-
18 820
-
Corporate
69 656
93 500
-
-
income
14 627
19 635
-
-
total
14 627
19 635
-
-
Dividends
55 029
73 865
-
-
withholding
3 852
5 171
-
-
total
3 852
5 171
-
-
Income
93 500
93 500
93 500
93 500
Total tax
28 348
24 806
40 536
40 986
After tax
65 152
68 694
52 964
52 514
Living cost
13 976
13 976
13 976
13 976
Free-cash
51 176
54 718
38 988
38 538

Estimated living cost  is ₴13976 per week

₴9875
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴944
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2932
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26096
₴18486
₴27923
₴26941
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 731
income
-
-
-
26 875
total
-
-
-
31 606
Employee
49 454
-
81 664
-
pensions
4 771
-
5 808
-
income
8 915
-
21 238
-
health
815
-
1 179
-
total
14 501
-
28 225
-
Employer
49 454
-
81 664
-
health
939
-
1 552
-
pensions
5 839
-
10 284
-
total
6 778
-
11 836
-
Corporate
37 268
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.

7 081
17 765
-
-
total
7 081
17 765
-
-
Dividends
30 187
75 735
-
-
withholding
2 264
14 686
-
-
total
2 264
14 686
-
-
Income
93 500
93 500
93 500
93 500
Total tax
30 624
32 451
40 061
31 606
After tax
62 876
61 049
53 439
61 894
Living cost
34 953
34 953
34 953
34 953
Free-cash
27 923
26 096
18 486
26 941

Estimated living cost  is ₴34953 per week

₴26191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4107
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴73095
₴71440
₴70671
₴67757
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 098
unemployment
-
-
-
73
pensions

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

-
-
-
2 700
income
-
-
-
14 025
total
-
-
-
18 896
Employee
9 066
-
89 921
-
pensions

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

796
-
1 602
-
income
906
-
8 992
-
accident

We are using the highest rate at 1.1%.

100
-
201
-
health
417
-
839
-
total
2 219
-
11 634
-
Employer
9 066
-
89 921
-
unemployment
54
-
109
-
health
626
-
1 259
-
accident

We are using the highest rate at 1.1%.

100
-
201
-
pensions

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

999
-
2 010
-
total
1 779
-
3 579
-
Corporate
82 655
93 500
-
-
income
8 265
9 350
-
-
total
8 265
9 350
-
-
Dividends
74 389
84 150
-
-
withholding
3 719
4 208
-
-
total
3 719
4 208
-
-
Income
93 500
93 500
93 500
93 500
Total tax
15 982
13 558
15 213
18 896
After tax
77 518
79 942
78 287
74 604
Living cost
6 847
6 847
6 847
6 847
Free-cash
70 671
73 095
71 440
67 757

Estimated living cost  is ₴6847 per week

₴3997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17225
₴29452
₴18543
₴22458
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 468
pensions
-
-
-
6 145
income
-
-
-
29 345
total
-
-
-
41 958
Employee
48 628
44 790
83 753
-
pensions
6 145
6 145
6 145
-
income

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

7 331
7 331
12 603
-
health
6 067
5 848
6 468
-
total
19 543
19 324
25 216
-
Employer
48 628
44 790
83 753
-
unemployment
1 751
1 612
2 004
-
health
3 379
3 113
3 869
-
pensions
3 384
3 117
3 875
-
total
8 514
7 842
9 748
-
Corporate
36 358
40 867
-
-
income
7 272
8 174
-
-
total
7 272
8 174
-
-
Dividends
29 086
32 693
-
-
income
6 181
6 947
-
-
withholding
4 363
4 904
-
-
total
10 544
11 851
-
-
Income
93 500
93 500
93 500
93 500
Total tax
45 873
47 191
34 964
41 958
After tax
47 627
46 309
58 536
51 542
Living cost
29 084
29 084
29 084
29 084
Free-cash
18 543
17 225
29 452
22 458

Estimated living cost  is ₴29084 per week

₴21454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2598
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4699
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51344
₴35660
₴46694
₴39775
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
social contributions
-
-
-
18 752
income
-
-
-
9 319
health
-
-
-
12 623
total
-
-
-
40 694
Employee
19 164
-
71 051
-
income
2 300
-
8 593
-
solidarity contribution
-
-
-
-
social contributions
1 246
-
4 174
-
health
2 587
-
9 592
-
total
6 133
-
22 359
-
Employer
19 164
-
71 051
-
social contributions
4 791
-
16 055
-
health
1 725
-
6 395
-
total
6 516
-
22 450
-
Corporate
67 820
93 500
-
-
income
12 886
17 765
-
-
total
12 886
17 765
-
-
Dividends
54 934
75 735
-
-
withholding
8 240
11 360
-
-
total
8 240
11 360
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 775
29 125
44 809
40 694
After tax
59 725
64 375
48 691
52 806
Living cost
13 031
13 031
13 031
13 031
Free-cash
46 694
51 344
35 660
39 775

Estimated living cost  is ₴13031 per week

₴9052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴927
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2796
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27753
₴18265
₴25017
₴22490
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 105
social contributions
-
-
-
24 048
municipal
-
-
-
555
national
-
-
-
23 170
total
-
-
-
48 878
Employee
46 614
-
93 500
-
regional
440
-
976
-
national
8 077
-
20 103
-
municipal
247
-
496
-
social contributions
15 718
-
31 528
-
total
24 482
-
53 103
-
Employer
46 614
-
93 500
-
total
-
-
-
-
Corporate
46 886
93 500
-
-
nationa
11 252
22 440
-
-
municipal
1 828
3 647
-
-
total
13 080
26 087
-
-
Dividends
33 805
67 413
-
-
withholding
8 789
17 528
-
-
total
8 789
17 528
-
-
Income
93 500
93 500
93 500
93 500
Total tax
46 351
43 615
53 103
48 878
After tax
47 149
49 885
40 397
44 622
Living cost
22 132
22 132
22 132
22 132
Free-cash
25 017
27 753
18 265
22 490

Estimated living cost  is ₴22132 per week

₴15428
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1451
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4913
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47238
₴29450
₴45606
₴32657
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
4 060
health
-
-
-
4 970
unemployment
-
-
-
119
pensions
-
-
-
14 000
other
-
-
-
-
income
-
-
-
26 120
total
-
-
-
49 269
Employee
17 345
-
78 765
-
pensions
1 157
-
4 669
-
income
2 907
-
22 982
-
surtax
57
-
3 433
-
unemployment
1 207
-
4 872
-
other
-
-
-
-
health
443
-
1 785
-
total
5 771
-
37 741
-
Employer
17 345
-
78 765
-
other
-
-
-
-
unemployment
549
-
2 219
-
health
789
-
3 185
-
pensions
2 312
-
9 331
-
total
3 650
-
14 735
-
Corporate
72 504
93 500
-
-
income
18 851
24 310
-
-
total
18 851
24 310
-
-
Dividends
53 654
69 190
-
-
withholding
8 048
10 378
-
-
total
8 048
10 378
-
-
Income
93 500
93 500
93 500
93 500
Total tax
36 320
34 688
52 476
49 269
After tax
57 180
58 812
41 024
44 231
Living cost
11 574
11 574
11 574
11 574
Free-cash
45 606
47 238
29 450
32 657

Estimated living cost  is ₴11574 per week

₴7077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1068
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37170
₴29560
₴40622
₴38015
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 731
income
-
-
-
26 875
total
-
-
-
31 606
Employee
33 142
-
81 664
-
pensions
2 813
-
5 808
-
income
5 969
-
21 238
-
health
481
-
1 179
-
total
9 263
-
28 225
-
Employer
33 142
-
81 664
-
health
630
-
1 552
-
pensions
3 588
-
10 284
-
total
4 218
-
11 836
-
Corporate
56 140
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.

10 666
17 765
-
-
total
10 666
17 765
-
-
Dividends
45 474
75 735
-
-
withholding
4 852
14 686
-
-
total
4 852
14 686
-
-
Income
93 500
93 500
93 500
93 500
Total tax
28 999
32 451
40 061
31 606
After tax
64 501
61 049
53 439
61 894
Living cost
23 879
23 879
23 879
23 879
Free-cash
40 622
37 170
29 560
38 015

Estimated living cost  is ₴23879 per week

₴17890
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1790
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3949
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴469
₴29211
₴18564
₴33596
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
985
health
-
-
-
211
regional
-
-
-
4 517
pensions
-
-
-
8 602
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
national
-
-
-
1 433
total
-
-
-
17 618
Employee
49 485
-
83 689
-
pensions
4 157
-
7 029
-
regional
1 620
-
3 900
-
unemployment
-
-
-
-
national
234
-
1 096
-
city
531
-
899
-
health
112
-
188
-
total
6 654
-
13 112
-
Employer
49 485
-
83 689
-
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.

989
-
1 674
-
unemployment
-
-
-
-
health
112
-
188
-
pensions
4 157
-
7 029
-
total
5 258
-
8 891
-
Corporate
38 212
93 500
-
-
national
3 248
7 948
-
-
regional
8 081
19 775
-
-
total
11 329
27 723
-
-
Dividends
26 882
65 777
-
-
withholding
9 409
23 022
-
-
total
9 409
23 022
-
-
Income
93 500
93 500
93 500
93 500
Total tax
32 650
50 745
22 003
17 618
After tax
60 850
42 755
71 497
75 882
Living cost
42 286
42 286
42 286
42 286
Free-cash
18 564
469
29 211
33 596

Estimated living cost  is ₴42286 per week

₴27498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴519
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴22167
₴35267
₴30672
₴23414
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 853
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.

-
-
-
1 597
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.

-
-
-
29 025
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.

-
-
-
3 583
total
-
-
-
46 058
Employee

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

31 521
-
93 500
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

3 707
-
29 025
-
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.

204
-
1 597
-
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.

3 583
-
3 583
-
total
7 494
-
34 205
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
61 979
93 500
-
-
income
9 296
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.

512
771
-
-
trade
10 629
16 035
-
-
chamber of commerce
167
211
-
-
total
20 604
31 042
-
-
Dividends
41 374
62 457
-
-
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
848
-
-
withholding
10 144
15 415
-
-
total
10 702
16 263
-
-
Income
93 500
93 500
93 500
93 500
Total tax
38 800
47 305
34 205
46 058
After tax
54 700
46 195
59 295
47 442
Living cost
24 028
24 028
24 028
24 028
Free-cash
30 672
22 167
35 267
23 414

Estimated living cost  is ₴24028 per week

₴17549
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1922
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.
₴4245
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29179
₴33305
₴32276
₴34728
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
health
-
-
-
3 988
social contributions
-
-
-
2 664
pensions
-
-
-
16 566
other
-
-
-
2 898
income
-
-
-
14 711
total
-
-
-
40 827
Employee
22 448
-
72 388
-
pensions
2 538
-
5 022
-
income
1 325
-
14 056
-
surtax
-
-
-
-
social contributions
640
-
2 062
-
total
4 503
-
21 140
-
Employer
22 448
-
72 388
-
other
774
-
2 819
-
social contributions
68
-
217
-
unemployment
909
-
2 931
-
health
1 572
-
6 685
-
pensions
3 688
-
8 458
-
total
7 011
-
21 110
-
Corporate
64 042
93 500
-
-
income
17 932
26 180
-
-
surtax
-
-
-
-
total
17 932
26 180
-
-
Dividends
46 110
67 320
-
-
social contributions
7 931
11 579
-
-
surtax
-
-
-
-
withholding
5 902
8 617
-
-
total
13 833
20 196
-
-
Income
93 500
93 500
93 500
93 500
Total tax
43 279
46 376
42 250
40 827
After tax
50 221
47 124
51 250
52 673
Living cost
17 945
17 945
17 945
17 945
Free-cash
32 276
29 179
33 305
34 728

Estimated living cost  is ₴17945 per week

₴11315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1459
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4866
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30957
₴35083
₴33871
₴36506
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
health
-
-
-
3 988
social contributions
-
-
-
2 664
pensions
-
-
-
16 566
other
-
-
-
2 898
income
-
-
-
14 711
total
-
-
-
40 827
Employee
20 038
-
72 388
-
pensions
2 266
-
5 022
-
income
1 033
-
14 056
-
surtax
-
-
-
-
social contributions
571
-
2 062
-
total
3 870
-
21 140
-
Employer
20 038
-
72 388
-
other
692
-
2 819
-
social contributions
60
-
217
-
unemployment
811
-
2 931
-
health
1 402
-
6 685
-
pensions
3 293
-
8 458
-
total
6 258
-
21 110
-
Corporate
67 205
93 500
-
-
income
18 817
26 180
-
-
surtax
-
-
-
-
total
18 817
26 180
-
-
Dividends
48 388
67 320
-
-
social contributions
8 323
11 579
-
-
surtax
-
-
-
-
withholding
6 194
8 617
-
-
total
14 517
20 196
-
-
Income
93 500
93 500
93 500
93 500
Total tax
43 462
46 376
42 250
40 827
After tax
50 038
47 124
51 250
52 673
Living cost
16 167
16 167
16 167
16 167
Free-cash
33 871
30 957
35 083
36 506

Estimated living cost  is ₴16167 per week

₴9376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1642
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45921
₴46963
₴46195
₴48924
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 526
total
-
-
-
33 454
Employee
17 784
-
93 500
-
income
2 966
-
15 986
-
social contributions
2 455
-
12 903
-
health
1 241
-
6 526
-
total
6 662
-
35 415
-
Employer
17 784
-
93 500
-
total
-
-
-
-
Corporate
75 716
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%.

3 786
4 675
-
-
total
3 786
4 675
-
-
Dividends
71 930
88 825
-
-
social contributions
9 926
12 258
-
-
withholding
10 789
13 324
-
-
health
5 020
6 200
-
-
total
25 735
31 782
-
-
Income
93 500
93 500
93 500
93 500
Total tax
36 183
36 457
35 415
33 454
After tax
57 317
57 043
58 085
60 046
Living cost
11 122
11 122
11 122
11 122
Free-cash
46 195
45 921
46 963
48 924

Estimated living cost  is ₴11122 per week

₴7443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴686
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2736
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33241
₴6289
₴32432
₴29510
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
104
health
-
-
-
4 687
unemployment
-
-
-
3 217
pensions
-
-
-
11 336
chamber of commerce
-
-
-
374
income
-
-
-
25 791
total
-
-
-
45 509
Employee
26 212
20 902
74 776
-
pensions
2 684
2 140
6 275
-
income
2 984
1 542
20 712
-
unemployment
786
627
1 838
-
other
262
209
613
-
health
1 014
809
2 371
-
total
7 730
5 327
31 809
-
Employer
26 212
20 902
74 776
-
other
1 245
992
3 437
-
payroll
786
627
2 243
-
unemployment
786
627
1 838
-
health
990
790
2 316
-
accident
340
272
796
-
chamber of commerce
105
84
300
-
surtax
104
104
104
-
pensions
3 290
2 624
7 690
-
total
7 646
6 120
18 724
-
Corporate
59 642
66 479
72 785
-
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.

14 910
16 620
18 197
-
total
14 910
16 620
18 197
-
Dividends
44 732
49 858
-
-
withholding
12 301
13 711
-
-
total
12 301
13 711
-
-
Income
93 500
93 500
93 500
93 500
Total tax
42 587
41 778
68 730
45 509
After tax
50 913
51 722
24 770
47 991
Living cost
18 481
18 481
18 481
18 481
Free-cash
32 432
33 241
6 289
29 510

Estimated living cost  is ₴18481 per week

₴12326
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1577
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.
₴4275
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33166
₴13731
₴25301
₴21419
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
4 825
social contributions
-
-
-
13 077
national
-
-
-
35 055
total
-
-
-
52 957
Employee

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

37 518
-
72 420
-
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.

2 814
-
5 432
-
communal

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

1 957
-
3 777
-
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.

326
-
630
-
national
11 534
-
26 321
-
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.

1 763
-
3 404
-
total
18 394
-
39 564
-
Employer

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

37 518
-
72 420
-
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.

547
-
1 057
-
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.

2 307
-
4 454
-
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.

488
-
942
-
surtax
4 254
-
8 212
-
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.

3 324
-
6 416
-
total
10 920
-
21 081
-
Corporate
45 061
93 500
-
-
income
9 012
18 700
-
-
surtax
180
374
-
-
total
9 192
19 074
-
-
Dividends
35 869
74 425
-
-
withholding

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

10 569
22 136
-
-
total
10 569
22 136
-
-
Income
93 500
93 500
93 500
93 500
Total tax
49 075
41 210
60 645
52 957
After tax
44 425
52 290
32 855
40 543
Living cost
19 124
19 124
19 124
19 124
Free-cash
25 301
33 166
13 731
21 419

Estimated living cost  is ₴19124 per week

₴12318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1672
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4834
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43368
₴31319
₴39776
₴33517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
438
unemployment
-
-
-
340
pensions
-
-
-
13 758
other
-
-
-
49
income
-
-
-
26 456
total
-
-
-
41 041
Employee
26 108
-
78 002
-
pensions
1 227
-
2 285
-
income
5 509
-
24 655
-
unemployment
405
-
753
-
other
26
-
49
-
total
7 167
-
27 742
-
Employer
26 108
-
78 002
-
other
208
-
389
-
unemployment
1 436
-
2 673
-
accident
517
-
962
-
pensions
6 161
-
11 473
-
total
8 322
-
15 497
-
Corporate
59 070
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.

8 860
14 025
-
-
total
8 860
14 025
-
-
Dividends
50 209
79 475
-
-
withholding
10 433
17 165
-
-
total
10 433
17 165
-
-
Income
93 500
93 500
93 500
93 500
Total tax
34 782
31 190
43 239
41 041
After tax
58 718
62 310
50 261
52 459
Living cost
18 942
18 942
18 942
18 942
Free-cash
39 776
43 368
31 319
33 517

Estimated living cost  is ₴18942 per week

₴13949
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1344
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3376
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26120
₴21327
₴19380
₴17602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
5 909
surtax
-
-
-
4 635
health
-
-
-
6 569
accident
-
-
-
788
pensions
-
-
-
14 014
income
-
-
-
15 480
total
-
-
-
47 395
Employee
39 720
-
83 519
-
pensions
3 177
-
6 682
-
income
3 837
-
18 173
-
surtax
2 435
-
5 118
-
health
1 768
-
3 717
-
total
11 217
-
33 690
-
Employer
39 720
-
83 519
-
health
1 211
-
2 547
-
accident
357
-
751
-
pensions
3 177
-
6 682
-
total
4 745
-
9 980
-
Corporate
49 034
93 500
-
-
income
7 356
14 025
-
-
surtax
515
981
-
-
communal
3 309
6 311
-
-
total
11 180
21 317
-
-
Dividends
37 855
72 182
-
-
income
12 797
6 733
-
-
withholding
5 678
10 827
-
-
total
18 475
17 560
-
-
Income
93 500
93 500
93 500
93 500
Total tax
45 617
38 877
43 670
47 395
After tax
47 883
54 623
49 830
46 105
Living cost
28 503
28 503
28 503
28 503
Free-cash
19 380
26 120
21 327
17 602

Estimated living cost  is ₴28503 per week

₴21382
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1727
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47031
₴29243
₴45363
₴32450
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
4 060
health
-
-
-
4 970
unemployment
-
-
-
119
pensions
-
-
-
14 000
other
-
-
-
-
income
-
-
-
26 120
total
-
-
-
49 269
Employee
17 663
-
78 765
-
pensions
1 178
-
4 669
-
income
2 961
-
22 982
-
surtax
63
-
3 433
-
unemployment
1 229
-
4 872
-
other
-
-
-
-
health
451
-
1 785
-
total
5 882
-
37 741
-
Employer
17 663
-
78 765
-
other
-
-
-
-
unemployment
560
-
2 219
-
health
803
-
3 185
-
pensions
2 355
-
9 331
-
total
3 718
-
14 735
-
Corporate
72 118
93 500
-
-
income
18 751
24 310
-
-
total
18 751
24 310
-
-
Dividends
53 367
69 190
-
-
withholding
8 005
10 378
-
-
total
8 005
10 378
-
-
Income
93 500
93 500
93 500
93 500
Total tax
36 356
34 688
52 476
49 269
After tax
57 144
58 812
41 024
44 231
Living cost
11 781
11 781
11 781
11 781
Free-cash
45 363
47 031
29 243
32 450

Estimated living cost  is ₴11781 per week

₴7113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1024
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3371
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35017
₴25986
₴33852
₴30188
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
555
national
-
-
-
23 170
total
-
-
-
49 183
Employee
29 095
-
93 500
-
regional
392
-
1 258
-
national
4 609
-
20 103
-
municipal
154
-
496
-
social contributions
9 811
-
31 528
-
total
14 966
-
53 385
-
Employer
29 095
-
93 500
-
total
-
-
-
-
Corporate
64 405
93 500
-
-
nationa
15 458
22 440
-
-
municipal
3 201
4 647
-
-
total
18 659
27 087
-
-
Dividends
45 747
66 413
-
-
withholding
11 894
17 267
-
-
total
11 894
17 267
-
-
Income
93 500
93 500
93 500
93 500
Total tax
45 519
44 354
53 385
49 183
After tax
47 981
49 146
40 115
44 317
Living cost
14 129
14 129
14 129
14 129
Free-cash
33 852
35 017
25 986
30 188

Estimated living cost  is ₴14129 per week

₴8787
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1431
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3669
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴48317
₴32633
₴42588
₴36748
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
social contributions
-
-
-
18 752
income
-
-
-
9 319
health
-
-
-
12 623
total
-
-
-
40 694
Employee
23 615
-
71 051
-
income
2 834
-
8 593
-
solidarity contribution
-
-
-
-
social contributions
1 535
-
4 174
-
health
3 188
-
9 592
-
total
7 557
-
22 359
-
Employer
23 615
-
71 051
-
social contributions
5 904
-
16 055
-
health
2 125
-
6 395
-
total
8 029
-
22 450
-
Corporate
61 856
93 500
-
-
income
11 753
17 765
-
-
total
11 753
17 765
-
-
Dividends
50 103
75 735
-
-
withholding
7 515
11 360
-
-
total
7 515
11 360
-
-
Income
93 500
93 500
93 500
93 500
Total tax
34 854
29 125
44 809
40 694
After tax
58 646
64 375
48 691
52 806
Living cost
16 058
16 058
16 058
16 058
Free-cash
42 588
48 317
32 633
36 748

Estimated living cost  is ₴16058 per week

₴11942
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2949
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35045
₴8063
₴34785
₴31362
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
health
-
-
-
4 687
unemployment
-
-
-
3 217
pensions
-
-
-
11 336
chamber of commerce
-
-
-
374
income
-
-
-
25 791
total
-
-
-
45 405
Employee
22 927
20 902
74 872
-
pensions
2 348
2 140
6 275
-
income
2 042
1 542
20 759
-
unemployment
688
627
1 838
-
other
229
209
613
-
health
887
809
2 371
-
total
6 194
5 327
31 856
-
Employer
22 927
20 902
74 872
-
other
1 089
992
3 441
-
payroll
688
627
2 246
-
unemployment
688
627
1 838
-
health
867
790
2 316
-
accident
298
272
796
-
chamber of commerce
92
84
300
-
surtax
-
-
-
-
pensions
2 878
2 624
7 690
-
total
6 600
6 016
18 627
-
Corporate
63 975
66 582
72 882
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

15 994
16 646
18 221
-
total
15 994
16 646
18 221
-
Dividends
47 980
49 936
-
-
withholding
13 194
13 733
-
-
total
13 194
13 733
-
-
Income
93 500
93 500
93 500
93 500
Total tax
41 982
41 722
68 704
45 405
After tax
51 518
51 778
24 796
48 095
Living cost
16 733
16 733
16 733
16 733
Free-cash
34 785
35 045
8 063
31 362

Estimated living cost  is ₴16733 per week

₴10038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1709
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.
₴4688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴82126
₴68101
₴80870
₴85866
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 374
-
93 500
-
income
1 675
-
18 700
-
total
1 675
-
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%.

85 126
93 500
-
-
total
-
-
-
-
Dividends
85 126
93 500
-
-
withholding
4 256
4 675
-
-
total
4 256
4 675
-
-
Income
93 500
93 500
93 500
93 500
Total tax
5 931
4 675
18 700
935
After tax
87 569
88 825
74 800
92 565
Living cost
6 699
6 699
6 699
6 699
Free-cash
80 870
82 126
68 101
85 866

Estimated living cost  is ₴6699 per week

₴4534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴281
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1660
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50306
₴29066
₴45919
₴31542
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
9 201
unemployment
-
-
-
140
pensions
-
-
-
17 075
income
-
-
-
21 474
total
-
-
-
47 890
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.

23 194
-
80 903
-
pensions
3 595
-
12 540
-
income
4 000
-
19 890
-
unemployment
33
-
113
-
health
1 498
-
5 227
-
total
9 126
-
37 770
-
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.

23 194
-
80 903
-
unemployment
14
-
49
-
health
1 545
-
5 388
-
pensions
2 052
-
7 159
-
total
3 611
-
12 596
-
Corporate
66 695
93 500
-
-
income
12 672
17 765
-
-
total
12 672
17 765
-
-
Dividends
54 024
75 735
-
-
withholding
8 104
11 361
-
-
total
8 104
11 361
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 513
29 126
50 366
47 890
After tax
59 987
64 374
43 134
45 610
Living cost
14 068
14 068
14 068
14 068
Free-cash
45 919
50 306
29 066
31 542

Estimated living cost  is ₴14068 per week

₴9655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴902
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32286
₴61401
₴5170
₴40017
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
35 271
-
-
-
income
7 780
-
-
-
social contributions
2 892
-
412
-
total
10 672
-
412
-
Employer
35 271
-
-
-
social contributions
49 732
-
7 088
-
total
49 732
-
7 088
-
Corporate
8 497
93 500
-
-
income
1 869
20 570
-
-
total
1 869
20 570
-
-
Dividends
6 627
72 930
-
-
income
1 458
16 045
-
-
total
1 458
16 045
-
-
Income
93 500
93 500
93 500
93 500
Total tax
63 731
36 615
7 500
28 884
After tax
29 769
56 885
86 000
64 616
Living cost
24 599
24 599
24 599
24 599
Free-cash
5 170
32 286
61 401
40 017

Estimated living cost  is ₴24599 per week

₴15961
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2314
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.
₴6011
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36731
₴26462
₴36202
₴33550
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
32 491
income
-
-
-
11 007
total
-
-
-
43 498
Employee
24 123
-
75 555
-
income
5 018
-
24 331
-
surtax
-
-
-
-
social contributions
2 654
-
8 311
-
total
7 672
-
32 642
-
Employer
24 123
-
75 555
-
social contributions
5 729
-
17 944
-
total
5 729
-
17 944
-
Corporate
63 648
93 500
-
-
income
13 366
19 635
-
-
surtax
-
-
-
-
total
13 366
19 635
-
-
Dividends
50 282
73 865
-
-
withholding
14 079
20 682
-
-
total
14 079
20 682
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 846
40 317
50 586
43 498
After tax
52 654
53 183
42 914
50 002
Living cost
16 452
16 452
16 452
16 452
Free-cash
36 202
36 731
26 462
33 550

Estimated living cost  is ₴16452 per week

₴12309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2897
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21791
₴25917
₴25395
₴27340
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
health
-
-
-
3 988
social contributions
-
-
-
2 664
pensions
-
-
-
16 566
other
-
-
-
2 898
income
-
-
-
14 711
total
-
-
-
40 827
Employee
32 850
-
72 388
-
pensions
3 716
-
5 022
-
income
2 866
-
14 056
-
surtax
-
-
-
-
social contributions
936
-
2 062
-
total
7 518
-
21 140
-
Employer
32 850
-
72 388
-
other
1 134
-
2 819
-
social contributions
99
-
217
-
unemployment
1 331
-
2 931
-
health
2 299
-
6 685
-
pensions
5 398
-
8 458
-
total
10 261
-
21 110
-
Corporate
50 390
93 500
-
-
income
14 109
26 180
-
-
surtax
-
-
-
-
total
14 109
26 180
-
-
Dividends
36 281
67 320
-
-
social contributions
6 240
11 579
-
-
surtax
-
-
-
-
withholding
4 644
8 617
-
-
total
10 884
20 196
-
-
Income
93 500
93 500
93 500
93 500
Total tax
42 772
46 376
42 250
40 827
After tax
50 728
47 124
51 250
52 673
Living cost
25 333
25 333
25 333
25 333
Free-cash
25 395
21 791
25 917
27 340

Estimated living cost  is ₴25333 per week

₴17145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2072
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴347
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68384
₴55541
₴66622
₴53055
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 108
social contributions
-
-
-
20 571
total
-
-
-
24 679
Employee
16 862
-
80 953
-
social contributions
1 096
-
5 262
-
income
-
-
4 384
-
total
1 096
-
9 646
-
Employer
16 862
-
80 953
-
social contributions
2 614
-
12 547
-
total
2 614
-
12 547
-
Corporate
74 024
93 500
-
-
income
7 402
9 350
-
-
total
7 402
9 350
-
-
Dividends
66 622
84 150
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
11 112
9 350
22 193
24 679
After tax
82 388
84 150
71 307
68 821
Living cost
15 766
15 766
15 766
15 766
Free-cash
66 622
68 384
55 541
53 055

Estimated living cost  is ₴15766 per week

₴10194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
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.
₴4087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
-₴20601
-₴20601
-₴20601
₴29850
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
7 444
pensions
-
-
-
454
municipal
-
-
-
19 514
national
-
-
-
11 017
total
-
-
-
38 429
Employee
106 453
106 453
106 453
-
pensions
151
151
151
-
labour market
8 504
8 504
8 504
-
national
13 005
13 005
13 005
-
municipal
22 668
22 668
22 668
-
total
44 328
44 328
44 328
-
Employer
106 453
106 453
106 453
-
labour market
8 516
8 516
8 516
-
national
13 028
13 028
13 028
-
municipal
22 705
22 705
22 705
-
pensions
303
303
303
-
total
44 552
44 552
44 552
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
88 880
88 880
88 880
38 429
After tax
4 620
4 620
4 620
55 071
Living cost
25 221
25 221
25 221
25 221
Free-cash
-20 601
-20 601
-20 601
29 850

Estimated living cost  is ₴25221 per week

₴17262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2231
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴388
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5340
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3975
₴39226
₴5803
₴52370
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 162
accident
-
-
-
135
pensions
-
-
-
2 217
other
-
-
-
197
income
-
-
-
25 871
total
-
-
-
29 582
Employee
18 166
-
84 163
-
pensions
2 046
-
4 065
-
income
2 492
-
19 686
-
health
2 080
-
9 637
-
total
6 618
-
33 388
-
Employer
18 166
-
84 163
-
unemployment
445
-
2 062
-
accident
303
-
1 406
-
pensions
2 954
-
5 870
-
total
3 702
-
9 338
-
Corporate
71 632
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.

64 468
84 150
-
-
total
64 468
84 150
-
-
Dividends
7 163
9 350
-
-
withholding
1 361
1 777
-
-
total
1 361
1 777
-
-
Income
93 500
93 500
93 500
93 500
Total tax
76 149
85 927
42 726
29 582
After tax
17 351
7 573
50 774
63 918
Living cost
11 548
11 548
11 548
11 548
Free-cash
5 803
-3 975
39 226
52 370

Estimated living cost  is ₴11548 per week

₴8406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴658
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2267
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38383
₴28842
₴39728
₴40008
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
15 524
health
-
-
-
1 221
total
-
-
-
33 355
Employee
27 595
-
78 657
-
pensions
1 862
-
5 309
-
unemployment
414
-
1 179
-
national
456
-
9 386
-
municipal
4 520
-
12 812
-
health
206
-
992
-
total
7 458
-
29 678
-
Employer
27 595
-
78 657
-
unemployment
179
-
512
-
health
212
-
605
-
accident
28
-
79
-
pensions
4 788
-
13 647
-
total
5 207
-
14 843
-
Corporate
60 698
93 500
-
-
income
12 140
18 700
-
-
total
12 140
18 700
-
-
Dividends

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

36 419
56 100
-
-
national
2 275
6 182
-
-
municipal
6 555
10 098
-
-
total
8 830
16 280
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 635
34 980
44 521
33 355
After tax
59 865
58 520
48 979
60 145
Living cost
20 137
20 137
20 137
20 137
Free-cash
39 728
38 383
28 842
40 008

Estimated living cost  is ₴20137 per week

₴13153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1937
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56061
₴50888
₴53207
₴51708
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 486
income
-
-
-
18 778
health
-
-
-
2 384
total
-
-
-
29 648
Employee
40 332
40 332
87 369
-
income
4 391
3 734
18 337
-
social contributions
1 525
3 347
4 515
-
health
313
686
1 485
-
total
6 229
7 767
24 337
-
Employer
40 332
40 332
87 369
-
social contributions
1 525
3 347
4 515
-
health
339
747
1 616
-
total
1 864
4 094
6 131
-
Corporate
73 263
49 075
-
-
income
9 158
6 134
-
-
total
9 158
6 134
-
-
Dividends
64 105
42 940
-
-
withholding
10 898
7 300
-
-
total
10 898
7 300
-
-
Income
93 500
93 500
93 500
93 500
Total tax
28 149
25 295
30 468
29 648
After tax
65 351
68 205
63 032
63 852
Living cost
12 144
12 144
12 144
12 144
Free-cash
53 207
56 061
50 888
51 708

Estimated living cost  is ₴12144 per week

₴7278
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1191
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3406
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69100
₴59881
₴66431
₴70402
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 898
unemployment
-
-
-
15
pensions
-
-
-
3 336
income
-
-
-
9 522
total
-
-
-
14 771
Employee

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

12 039
-
88 374
-
pensions
1 806
-
7 465
-
income
823
-
8 222
-
unemployment
60
-
249
-
health
1 023
-
4 230
-
total
3 712
-
20 166
-
Employer

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

12 039
-
88 374
-
unemployment
60
-
249
-
health
518
-
2 140
-
pensions
662
-
2 737
-
total
1 240
-
5 126
-
Corporate
80 222
93 500
-
-
income
7 220
8 415
-
-
total
7 220
8 415
-
-
Dividends
73 002
85 085
-
-
withholding
6 570
7 658
-
-
total
6 570
7 658
-
-
Income
93 500
93 500
93 500
93 500
Total tax
18 742
16 073
25 292
14 771
After tax
74 758
77 427
68 208
78 729
Living cost
8 327
8 327
8 327
8 327
Free-cash
66 431
69 100
59 881
70 402

Estimated living cost  is ₴8327 per week

₴5313
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴600
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47887
₴35838
₴45571
₴38036
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
438
unemployment
-
-
-
340
pensions
-
-
-
13 758
other
-
-
-
49
income
-
-
-
26 456
total
-
-
-
41 041
Employee
19 394
-
78 002
-
pensions
912
-
2 285
-
income
3 739
-
24 655
-
unemployment
301
-
753
-
other
19
-
49
-
total
4 971
-
27 742
-
Employer
19 394
-
78 002
-
other
155
-
389
-
unemployment
1 067
-
2 673
-
accident
384
-
962
-
pensions
4 577
-
11 473
-
total
6 183
-
15 497
-
Corporate
67 923
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.

10 188
14 025
-
-
total
10 188
14 025
-
-
Dividends
57 735
79 475
-
-
withholding
12 164
17 165
-
-
total
12 164
17 165
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 506
31 190
43 239
41 041
After tax
59 994
62 310
50 261
52 459
Living cost
14 423
14 423
14 423
14 423
Free-cash
45 571
47 887
35 838
38 036

Estimated living cost  is ₴14423 per week

₴9735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1387
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.
₴3049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57411
₴59229
₴57259
₴59293
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
494
pensions
-
-
-
681
income
-
-
-
32 099
total
-
-
-
33 274
Employee
1 422
-
92 734
-
pensions
128
-
306
-
income
275
-
32 063
-
unemployment
14
-
34
-
health
71
-
170
-
total
488
-
32 573
-
Employer
1 422
-
92 734
-
unemployment
28
-
68
-
health
135
-
323
-
pensions
156
-
374
-
total
319
-
765
-
Corporate
91 759
93 500
-
-
income
20 187
20 570
-
-
total
20 187
20 570
-
-
Dividends
71 572
72 930
-
-
withholding
14 314
14 586
-
-
total
14 314
14 586
-
-
Income
93 500
93 500
93 500
93 500
Total tax
35 308
35 156
33 338
33 274
After tax
58 192
58 344
60 162
60 226
Living cost
933
933
933
933
Free-cash
57 259
57 411
59 229
59 293

Estimated living cost  is ₴933 per week

₴555
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴76
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴282
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58498
₴48628
₴55923
₴48628
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 986
unemployment
-
-
-
580
pensions
-
-
-
10 062
income
-
-
-
21 188
total
-
-
-
35 816
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.

13 656
-
86 573
-
pensions
1 912
-
5 418
-
income
1 882
-
21 188
-
unemployment
102
-
290
-
health
703
-
1 993
-
total
4 599
-
28 889
-
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.

13 656
-
86 573
-
unemployment
102
-
290
-
health
703
-
1 993
-
pensions
1 639
-
4 644
-
total
2 444
-
6 927
-
Corporate
77 400
93 500
-
-
income
11 610
14 025
-
-
total
11 610
14 025
-
-
Dividends
65 790
79 475
-
-
withholding
9 868
11 921
-
-
total
9 868
11 921
-
-
Income
93 500
93 500
93 500
93 500
Total tax
28 521
25 946
35 816
35 816
After tax
64 979
67 554
57 684
57 684
Living cost
9 056
9 056
9 056
9 056
Free-cash
55 923
58 498
48 628
48 628

Estimated living cost  is ₴9056 per week

₴6097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39043
₴28774
₴38853
₴35862
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
32 491
income
-
-
-
11 007
total
-
-
-
43 498
Employee
20 357
-
75 555
-
income
3 978
-
24 331
-
surtax
-
-
-
-
social contributions
2 240
-
8 311
-
total
6 218
-
32 642
-
Employer
20 357
-
75 555
-
social contributions
4 834
-
17 944
-
total
4 834
-
17 944
-
Corporate
68 309
93 500
-
-
income
14 345
19 635
-
-
surtax
-
-
-
-
total
14 345
19 635
-
-
Dividends
53 964
73 865
-
-
withholding
15 110
20 682
-
-
total
15 110
20 682
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 507
40 317
50 586
43 498
After tax
52 993
53 183
42 914
50 002
Living cost
14 140
14 140
14 140
14 140
Free-cash
38 853
39 043
28 774
35 862

Estimated living cost  is ₴14140 per week

₴10015
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴982
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.
₴2892
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43877
₴31828
₴40446
₴34026
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
438
unemployment
-
-
-
340
pensions
-
-
-
13 758
other
-
-
-
49
income
-
-
-
26 456
total
-
-
-
41 041
Employee
25 331
-
78 002
-
pensions
1 190
-
2 285
-
income
5 291
-
24 655
-
unemployment
392
-
753
-
other
25
-
49
-
total
6 898
-
27 742
-
Employer
25 331
-
78 002
-
other
203
-
389
-
unemployment
1 393
-
2 673
-
accident
502
-
962
-
pensions
5 978
-
11 473
-
total
8 076
-
15 497
-
Corporate
60 093
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.

9 014
14 025
-
-
total
9 014
14 025
-
-
Dividends
51 079
79 475
-
-
withholding
10 633
17 165
-
-
total
10 633
17 165
-
-
Income
93 500
93 500
93 500
93 500
Total tax
34 621
31 190
43 239
41 041
After tax
58 879
62 310
50 261
52 459
Living cost
18 433
18 433
18 433
18 433
Free-cash
40 446
43 877
31 828
34 026

Estimated living cost  is ₴18433 per week

₴13238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1433
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.
₴3503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴70958
₴69303
₴67776
₴65620
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 098
unemployment
-
-
-
73
pensions

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

-
-
-
2 700
income
-
-
-
14 025
total
-
-
-
18 896
Employee
11 896
-
89 921
-
pensions

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

1 044
-
1 602
-
income
1 190
-
8 992
-
accident

We are using the highest rate at 1.1%.

131
-
201
-
health
547
-
839
-
total
2 912
-
11 634
-
Employer
11 896
-
89 921
-
unemployment
71
-
109
-
health
821
-
1 259
-
accident

We are using the highest rate at 1.1%.

131
-
201
-
pensions

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

1 311
-
2 010
-
total
2 334
-
3 579
-
Corporate
79 271
93 500
-
-
income
7 927
9 350
-
-
total
7 927
9 350
-
-
Dividends
71 344
84 150
-
-
withholding
3 567
4 208
-
-
total
3 567
4 208
-
-
Income
93 500
93 500
93 500
93 500
Total tax
16 740
13 558
15 213
18 896
After tax
76 760
79 942
78 287
74 604
Living cost
8 984
8 984
8 984
8 984
Free-cash
67 776
70 958
69 303
65 620

Estimated living cost  is ₴8984 per week

₴5942
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2314
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27868
₴39045
₴34729
₴29127
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 918
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.

-
-
-
1 597
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.

-
-
-
29 025
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.

-
-
-
3 583
total
-
-
-
44 123
Employee

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

26 097
-
93 500
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

2 146
-
29 025
-
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.

118
-
1 597
-
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.

3 583
-
3 583
-
total
5 847
-
34 205
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 403
93 500
-
-
income
10 111
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.

556
771
-
-
trade
9 673
13 417
-
-
chamber of commerce
178
217
-
-
total
20 518
28 430
-
-
Dividends
46 885
65 069
-
-
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.

634
884
-
-
withholding
11 522
16 068
-
-
total
12 156
16 952
-
-
Income
93 500
93 500
93 500
93 500
Total tax
38 521
45 382
34 205
44 123
After tax
54 979
48 118
59 295
49 377
Living cost
20 250
20 250
20 250
20 250
Free-cash
34 729
27 868
39 045
29 127

Estimated living cost  is ₴20250 per week

₴13969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2179
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.
₴3808
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35573
₴19267
₴36729
₴19267
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 730
social contributions
-
-
-
15 625
total
-
-
-
44 355
Employee
41 028
-
93 500
-
social contributions
3 409
-
15 625
-
income
7 742
-
28 730
-
total
11 151
-
44 355
-
Employer
41 028
-
93 500
-
total
-
-
-
-
Corporate
52 472
93 500
-
-
income
6 559
11 687
-
-
total
6 559
11 687
-
-
Dividends
45 913
81 813
-
-
withholding
9 183
16 362
-
-
total
9 183
16 362
-
-
Income
93 500
93 500
93 500
93 500
Total tax
26 893
28 049
44 355
44 355
After tax
66 607
65 451
49 145
49 145
Living cost
29 878
29 878
29 878
29 878
Free-cash
36 729
35 573
19 267
19 267

Estimated living cost  is ₴29878 per week

₴22731
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2435
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4427
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38965
₴47372
₴40797
₴56351
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
14 930
health

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

-
-
-
3 180
total
-
-
-
18 110
Employee
24 061
-
91 087
-
social contributions
2 411
-
2 413
-
income
2 611
-
22 263
-
total
5 022
-
24 676
-
Employer
24 061
-
91 087
-
social contributions
2 411
-
2 413
-
total
2 411
-
2 413
-
Corporate
67 028
93 500
-
-
income
23 460
32 725
-
-
total
23 460
32 725
-
-
Dividends
43 568
60 775
-
-
social contributions
2 771
2 771
-
-
total
2 771
2 771
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 664
35 496
27 089
18 110
After tax
59 836
58 004
66 411
75 390
Living cost
19 039
19 039
19 039
19 039
Free-cash
40 797
38 965
47 372
56 351

Estimated living cost  is ₴19039 per week

₴12541
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4705
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41636
₴34026
₴44730
₴42481
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 731
income
-
-
-
26 875
total
-
-
-
31 606
Employee
26 647
-
81 664
-
pensions
2 034
-
5 808
-
income
4 853
-
21 238
-
health
348
-
1 179
-
total
7 235
-
28 225
-
Employer
26 647
-
81 664
-
health
506
-
1 552
-
pensions
2 692
-
10 284
-
total
3 198
-
11 836
-
Corporate
63 654
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.

12 095
17 765
-
-
total
12 095
17 765
-
-
Dividends
51 560
75 735
-
-
withholding
6 829
14 686
-
-
total
6 829
14 686
-
-
Income
93 500
93 500
93 500
93 500
Total tax
29 357
32 451
40 061
31 606
After tax
64 143
61 049
53 439
61 894
Living cost
19 413
19 413
19 413
19 413
Free-cash
44 730
41 636
34 026
42 481

Estimated living cost  is ₴19413 per week

₴13317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1785
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5119
₴38082
₴5627
₴51226
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 162
accident
-
-
-
135
pensions
-
-
-
2 217
other
-
-
-
197
income
-
-
-
25 871
total
-
-
-
29 582
Employee
19 964
-
84 163
-
pensions
2 248
-
4 065
-
income
2 739
-
19 686
-
health
2 286
-
9 637
-
total
7 273
-
33 388
-
Employer
19 964
-
84 163
-
unemployment
489
-
2 062
-
accident
333
-
1 406
-
pensions
3 246
-
5 870
-
total
4 068
-
9 338
-
Corporate
69 467
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.

62 520
84 150
-
-
total
62 520
84 150
-
-
Dividends
6 947
9 350
-
-
withholding
1 320
1 777
-
-
total
1 320
1 777
-
-
Income
93 500
93 500
93 500
93 500
Total tax
75 181
85 927
42 726
29 582
After tax
18 319
7 573
50 774
63 918
Living cost
12 692
12 692
12 692
12 692
Free-cash
5 627
-5 119
38 082
51 226

Estimated living cost  is ₴12692 per week

₴9314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2382
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

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Skopje , Macedonia
₴71606
₴59474
₴69154
₴47958
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
419
health insurance
-
-
-
6 198
unemployment
-
-
-
1 005
pensions
-
-
-
15 411
income
-
-
-
15 435
total
-
-
-
38 468
Employee

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

11 319
-
93 500
-
pensions
2 083
-
7 706
-
income
1 132
-
15 435
-
health insurance
838
-
3 099
-
work injury
57
-
209
-
unemployment
136
-
503
-
total
4 246
-
26 952
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
82 181
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%.

822
935
-
-
total
822
935
-
-
Dividends
81 359
92 565
-
-
withholding
12 204
13 885
-
-
total
12 204
13 885
-
-
Income
93 500
93 500
93 500
93 500
Total tax
17 272
14 820
26 952
38 468
After tax
76 228
78 680
66 548
55 032
Living cost
7 074
7 074
7 074
7 074
Free-cash
69 154
71 606
59 474
47 958

Estimated living cost  is ₴7074 per week

₴4383
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1957
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28354
₴18515
₴25968
₴22620
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 142
social contributions
-
-
-
24 048
municipal
-
-
-
625
national
-
-
-
23 170
total
-
-
-
49 985
Employee
44 198
-
93 500
-
regional
667
-
1 902
-
national
7 469
-
20 103
-
municipal
264
-
557
-
social contributions
14 903
-
31 528
-
total
23 303
-
54 090
-
Employer
44 198
-
93 500
-
total
-
-
-
-
Corporate
49 302
93 500
-
-
nationa
11 833
22 440
-
-
municipal
2 377
4 507
-
-
total
14 210
26 947
-
-
Dividends
35 093
66 553
-
-
withholding
9 124
17 304
-
-
total
9 124
17 304
-
-
Income
93 500
93 500
93 500
93 500
Total tax
46 637
44 251
54 090
49 985
After tax
46 863
49 249
39 410
43 515
Living cost
20 895
20 895
20 895
20 895
Free-cash
25 968
28 354
18 515
22 620

Estimated living cost  is ₴20895 per week

₴14677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4464
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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