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
₴31615
₴37292
₴32629
₴43599
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 504
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.

-
-
-
1 609
trade
-
-
-
10 970
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.

-
-
-
29 251
total
-
-
-
45 334
Employee

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

19 619
-
93 500
-
surtax

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

30
-
1 609
-
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.

548
-
29 251
-
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.

3 504
-
3 504
-
total
4 082
-
34 364
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
73 881
93 500
-
-
trade
11 636
14 727
-
-
chamber of commerce
184
212
-
-
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
771
-
-
income
11 082
14 025
-
-
total
23 511
29 735
-
-
Dividends
50 369
63 765
-
-
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.

681
866
-
-
withholding
12 397
15 747
-
-
total
13 078
16 613
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 671
46 348
34 364
45 334
After tax
52 829
47 152
59 136
48 166
Living cost
15 537
15 537
15 537
15 537
Free-cash
37 292
31 615
43 599
32 629

Estimated living cost  is ₴15537 per week

₴9773
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1812
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3662
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29932
₴29460
₴26842
₴27576
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
15 815
municipal
-
-
-
10 206
total
-
-
-
38 246
Employee
44 044
-
80 830
-
pensions
1 762
-
3 233
-
national
8 430
-
16 376
-
municipal
5 440
-
10 568
-
total
15 632
-
30 177
-
Employer
44 044
-
80 830
-
social contributions
473
-
869
-
pensions
3 524
-
6 466
-
total
3 997
-
7 335
-
Corporate
42 552
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%.

8 510
18 700
-
-
total
8 510
18 700
-
-
Dividends
34 042
74 800
-
-
withholding
7 489
16 456
-
-
total
7 489
16 456
-
-
Income
93 500
93 500
93 500
93 500
Total tax
35 628
35 156
37 512
38 246
After tax
57 872
58 344
55 988
55 254
Living cost
28 412
28 412
28 412
28 412
Free-cash
29 460
29 932
27 576
26 842

Estimated living cost  is ₴28412 per week

₴19311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴425
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴6034
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64129
₴59921
₴21864
₴28828
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
93 500
social contributions

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

-
-
-
19 653
microenterprise
-
-
-
-
surtax
-
-
-
23 843
income
-
-
-
17 469
total
-
-
-
60 965
Employee
14 988
-
70 967
-
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.

1 649
-
6 724
-
surtax
-
-
10 290
-
income
2 668
-
14 453
-
total
4 317
-
31 467
-
Employer
14 988
-
70 967
-
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.

3 610
-
14 727
-
surtax
-
-
7 807
-
total
3 610
-
22 534
-
Corporate
74 901
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%.

14 981
18 700
-
-
total
14 981
18 700
-
-
Dividends

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

59 921
74 800
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
22 908
18 700
54 001
60 965
After tax
70 592
74 800
39 499
32 535
Living cost
10 671
10 671
10 671
10 671
Free-cash
59 921
64 129
28 828
21 864

Estimated living cost  is ₴10671 per week

₴6808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1016
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.
₴2605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24849
₴21708
₴29913
₴37270
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 010
health
-
-
-
6 325
income
-
-
-
29 764
total
-
-
-
42 099
Employee
43 803
43 803
83 967
-
income

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

7 170
7 170
12 875
-
health
6 723
5 719
6 325
-
pensions
7 885
6 010
6 010
-
total
21 778
18 899
25 210
-
Employer
43 803
43 803
83 967
-
pensions
3 049
3 049
3 789
-
health
3 045
3 045
3 784
-
unemployment
1 577
1 577
1 959
-
total
7 671
7 671
9 532
-
Corporate
42 564
42 026
-
-
income
8 512
8 405
-
-
total
8 512
8 405
-
-
Dividends
34 051
33 621
-
-
income
7 236
7 145
-
-
withholding
5 107
5 043
-
-
total
12 343
12 188
-
-
Income
93 500
93 500
93 500
93 500
Total tax
50 304
47 163
34 742
42 099
After tax
43 196
46 337
58 758
51 401
Living cost
21 488
21 488
21 488
21 488
Free-cash
21 708
24 849
37 270
29 913

Estimated living cost  is ₴21488 per week

₴15228
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.
₴342
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3981
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30130
₴29661
₴27019
₴26512
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
5 328
unemployment
-
-
-
46
pensions
-
-
-
4 957
health
-
-
-
2 861
national
-
-
-
8 355
municipal
-
-
-
23 921
accident
-
-
-
92
total
-
-
-
45 560
Employee
29 810
-
79 094
-
national
-
-
8 074
-
municipal
8 889
-
23 586
-
total
8 889
-
31 660
-
Employer
29 810
-
79 094
-
accident
60
-
92
-
pensions
3 222
-
4 957
-
other
3 464
-
5 328
-
health
1 833
-
2 820
-
unemployment
787
-
1 210
-
total
9 366
-
14 407
-
Corporate
54 323
93 500
-
-
income
11 951
20 570
-
-
total
11 951
20 570
-
-
Dividends
42 372
72 930
-
-
withholding
12 712
21 879
-
-
total
12 712
21 879
-
-
Income
93 500
93 500
93 500
93 500
Total tax
42 918
42 449
46 067
45 560
After tax
50 582
51 051
47 433
47 940
Living cost
20 921
20 921
20 921
20 921
Free-cash
29 661
30 130
26 512
27 019

Estimated living cost  is ₴20921 per week

₴13866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2053
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4685
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26522
₴33729
₴27528
₴38986
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 504
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.

-
-
-
1 609
trade
-
-
-
11 458
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.

-
-
-
29 251
total
-
-
-
45 822
Employee

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

26 012
-
93 500
-
surtax

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

123
-
1 609
-
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.

2 235
-
29 251
-
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.

3 504
-
3 504
-
total
5 862
-
34 364
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 488
93 500
-
-
trade
11 102
15 381
-
-
chamber of commerce
174
211
-
-
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.

557
771
-
-
income
10 123
14 025
-
-
total
21 956
30 388
-
-
Dividends
45 532
63 112
-
-
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.

615
857
-
-
withholding
11 188
15 583
-
-
total
11 803
16 440
-
-
Income
93 500
93 500
93 500
93 500
Total tax
39 621
46 828
34 364
45 822
After tax
53 879
46 672
59 136
47 678
Living cost
20 150
20 150
20 150
20 150
Free-cash
33 729
26 522
38 986
27 528

Estimated living cost  is ₴20150 per week

₴13477
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2125
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51560
₴49434
₴47113
₴46300
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 299
health
-
-
-
2 384
income
-
-
-
19 067
total
-
-
-
29 750
Employee
39 443
39 443
87 467
-
social contributions
1 917
3 274
4 415
-
income
4 142
3 651
18 628
-
health
392
671
1 487
-
total
6 451
7 596
24 530
-
Employer
39 443
39 443
87 467
-
social contributions
1 917
3 274
4 415
-
health
427
730
1 618
-
total
2 344
4 004
6 033
-
Corporate
68 068
50 054
-
-
income
8 509
6 257
-
-
total
8 509
6 257
-
-
Dividends
59 560
43 797
-
-
withholding
10 125
7 446
-
-
total
10 125
7 446
-
-
Income
93 500
93 500
93 500
93 500
Total tax
27 429
25 303
30 563
29 750
After tax
66 071
68 197
62 937
63 750
Living cost
16 637
16 637
16 637
16 637
Free-cash
49 434
51 560
46 300
47 113

Estimated living cost  is ₴16637 per week

₴11373
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1299
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3685
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42437
₴42646
₴54677
₴44107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
unemployment
-
-
-
1 402
pensions
-
-
-
9 350
health
-
-
-
6 545
income
-
-
-
11 430
total
-
-
-
28 727
Employee

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

The minimum wage is 138,000 HUF per month.

14 573
5 800
78 243
-
unemployment
219
87
1 174
-
income
1 782
709
9 565
-
health
1 020
406
5 477
-
pensions
1 457
580
7 824
-
total
4 478
1 782
24 040
-
Employer

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

The minimum wage is 138,000 HUF per month.

14 573
5 800
78 243
-
pensions
2 842
1 131
15 257
-
total
2 842
1 131
15 257
-
Corporate
76 085
86 569
-
-
income
6 848
7 791
-
-
total
6 848
7 791
-
-
Dividends
69 237
78 778
-
-
withholding
13 155
14 968
-
-
social contributions
13 435
15 295
-
-
total
26 590
30 263
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 758
40 967
39 297
28 727
After tax
52 742
52 533
54 203
64 773
Living cost
10 096
10 096
10 096
10 096
Free-cash
42 646
42 437
44 107
54 677

Estimated living cost  is ₴10096 per week

₴6889
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Budapest model

Close
Tallinn , Estonia
₴62411
₴59225
₴37727
₴41502
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
12 155
income
-
-
-
12 529
total
-
-
-
43 384
Employee
14 551
-
69 880
-
unemployment
233
-
1 118
-
income
1 638
-
13 473
-
pensions
291
-
1 398
-
total
2 162
-
15 989
-
Employer
14 551
-
69 880
-
pensions
2 910
-
13 976
-
health
1 891
-
9 085
-
unemployment
117
-
559
-
total
4 918
-
23 620
-
Corporate
74 030
93 500
-
-
income
14 806
18 700
-
-
total
14 806
18 700
-
-
Dividends
59 224
74 800
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
21 886
18 700
39 609
43 384
After tax
71 614
74 800
53 891
50 116
Living cost
12 389
12 389
12 389
12 389
Free-cash
59 225
62 411
41 502
37 727

Estimated living cost  is ₴12389 per week

₴8498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2905
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3472
₴5879
₴52853
₴39920
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
186
pensions
-
-
-
2 089
health
-
-
-
1 095
income
-
-
-
26 104
accident
-
-
-
127
total
-
-
-
29 601
Employee
17 375
-
84 488
-
income
2 384
-
20 018
-
health
1 989
-
9 674
-
pensions
1 957
-
3 830
-
total
6 330
-
33 522
-
Employer
17 375
-
84 488
-
accident
290
-
1 411
-
pensions
2 825
-
5 531
-
unemployment
426
-
2 070
-
total
3 541
-
9 012
-
Corporate
72 584
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.

65 325
84 150
-
-
total
65 325
84 150
-
-
Dividends
7 258
9 350
-
-
withholding
1 379
1 776
-
-
total
1 379
1 776
-
-
Income
93 500
93 500
93 500
93 500
Total tax
76 575
85 926
42 534
29 601
After tax
16 925
7 574
50 966
63 899
Living cost
11 046
11 046
11 046
11 046
Free-cash
5 879
-3 472
39 920
52 853

Estimated living cost  is ₴11046 per week

₴8096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴612
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴84248
₴83390
₴87988
₴70223
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 721
-
93 500
-
income
1 144
-
18 700
-
total
1 144
-
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%.

87 779
93 500
-
-
total
-
-
-
-
Dividends
87 779
93 500
-
-
withholding
4 389
4 675
-
-
total
4 389
4 675
-
-
Income
93 500
93 500
93 500
93 500
Total tax
5 533
4 675
18 700
935
After tax
87 967
88 825
74 800
92 565
Living cost
4 577
4 577
4 577
4 577
Free-cash
83 390
84 248
70 223
87 988

Estimated living cost  is ₴4577 per week

₴2836
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴380
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴126
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55026
₴51563
₴39235
₴39248
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
3 705
pensions

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

-
-
-
18 720
health
-
-
-
3 432
income
-
-
-
14 740
total
-
-
-
40 597
Employee
18 624
-
74 680
-
unemployment
186
-
747
-
income
3 206
-
14 744
-
health
261
-
1 045
-
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.

1 303
-
5 228
-
total
4 956
-
21 764
-
Employer
18 624
-
74 680
-
accident
149
-
598
-
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.

3 166
-
12 696
-
other
932
-
3 734
-
health
261
-
1 045
-
unemployment
186
-
747
-
total
4 694
-
18 820
-
Corporate
70 182
93 500
-
-
income
14 738
19 635
-
-
total
14 738
19 635
-
-
Dividends
55 444
73 865
-
-
withholding
3 881
5 171
-
-
total
3 881
5 171
-
-
Income
93 500
93 500
93 500
93 500
Total tax
28 269
24 806
40 584
40 597
After tax
65 231
68 694
52 916
52 903
Living cost
13 668
13 668
13 668
13 668
Free-cash
51 563
55 026
39 248
39 235

Estimated living cost  is ₴13668 per week

₴9657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴923
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴25749
₴27340
₴26553
₴18092
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 771
income
-
-
-
26 740
total
-
-
-
31 511
Employee
50 137
-
81 676
-
income
9 038
-
21 099
-
health
826
-
1 183
-
pensions
4 837
-
5 866
-
total
14 701
-
28 148
-
Employer
50 137
-
81 676
-
pensions
5 920
-
10 272
-
health
952
-
1 552
-
total
6 872
-
11 824
-
Corporate
36 491
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.

6 934
17 765
-
-
total
6 934
17 765
-
-
Dividends
29 557
75 735
-
-
withholding
2 217
14 550
-
-
total
2 217
14 550
-
-
Income
93 500
93 500
93 500
93 500
Total tax
30 724
32 315
39 972
31 511
After tax
62 776
61 185
53 528
61 989
Living cost
35 436
35 436
35 436
35 436
Free-cash
27 340
25 749
18 092
26 553

Estimated living cost  is ₴35436 per week

₴26553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4432
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴73194
₴70803
₴67925
₴71622
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
unemployment
-
-
-
72
pensions

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

-
-
-
2 661
health
-
-
-
2 068
income
-
-
-
14 025
total
-
-
-
18 826
Employee
8 937
-
89 972
-
accident

We are using the highest rate at 1.1%.

98
-
198
-
income
894
-
8 997
-
health
411
-
827
-
pensions

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

785
-
1 579
-
total
2 188
-
11 601
-
Employer
8 937
-
89 972
-
accident

We are using the highest rate at 1.1%.

98
-
198
-
pensions

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

985
-
1 981
-
health
617
-
1 241
-
unemployment
53
-
108
-
total
1 753
-
3 528
-
Corporate
82 810
93 500
-
-
income
8 281
9 350
-
-
total
8 281
9 350
-
-
Dividends
74 529
84 150
-
-
withholding
3 726
4 207
-
-
total
3 726
4 207
-
-
Income
93 500
93 500
93 500
93 500
Total tax
15 948
13 557
15 129
18 826
After tax
77 552
79 943
78 371
74 674
Living cost
6 749
6 749
6 749
6 749
Free-cash
70 803
73 194
71 622
67 925

Estimated living cost  is ₴6749 per week

₴3940
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2148
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17894
₴19185
₴22958
₴30315
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 010
health
-
-
-
6 325
income
-
-
-
29 764
total
-
-
-
42 099
Employee
47 556
43 803
83 967
-
income

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

7 170
7 170
12 875
-
health
5 933
5 719
6 325
-
pensions
6 010
6 010
6 010
-
total
19 113
18 899
25 210
-
Employer
47 556
43 803
83 967
-
pensions
3 310
3 049
3 789
-
health
3 305
3 045
3 784
-
unemployment
1 712
1 577
1 959
-
total
8 327
7 671
9 532
-
Corporate
37 617
42 026
-
-
income
7 523
8 405
-
-
total
7 523
8 405
-
-
Dividends
30 094
33 621
-
-
income
6 395
7 145
-
-
withholding
4 514
5 043
-
-
total
10 909
12 188
-
-
Income
93 500
93 500
93 500
93 500
Total tax
45 872
47 163
34 742
42 099
After tax
47 628
46 337
58 758
51 401
Living cost
28 443
28 443
28 443
28 443
Free-cash
19 185
17 894
30 315
22 958

Estimated living cost  is ₴28443 per week

₴20982
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2541
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴51641
₴47099
₴40437
₴36286
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
18 323
health
-
-
-
12 623
income
-
-
-
9 383
solidarity contribution
-
-
-
-
total
-
-
-
40 329
Employee
18 726
-
71 387
-
social contributions
1 217
-
4 079
-
income
2 247
-
8 651
-
health
2 528
-
9 637
-
solidarity contribution
-
-
-
-
total
5 992
-
22 367
-
Employer
18 726
-
71 387
-
social contributions
4 682
-
15 688
-
health
1 685
-
6 425
-
total
6 367
-
22 113
-
Corporate
68 407
93 500
-
-
income
12 997
17 765
-
-
total
12 997
17 765
-
-
Dividends
55 410
75 735
-
-
withholding
8 311
11 360
-
-
total
8 311
11 360
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 667
29 125
44 480
40 329
After tax
59 833
64 375
49 020
53 171
Living cost
12 734
12 734
12 734
12 734
Free-cash
47 099
51 641
36 286
40 437

Estimated living cost  is ₴12734 per week

₴8845
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴906
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.
₴2733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28242
₴25564
₴22858
₴18634
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 048
national
-
-
-
23 287
municipal
-
-
-
556
regional
-
-
-
1 107
total
-
-
-
48 998
Employee
45 587
-
93 500
-
social contributions
15 372
-
31 529
-
regional
430
-
978
-
national
7 899
-
20 220
-
municipal
241
-
495
-
total
23 942
-
53 222
-
Employer
45 587
-
93 500
-
total
-
-
-
-
Corporate
47 913
93 500
-
-
municipal
1 869
3 646
-
-
nationa
11 499
22 440
-
-
total
13 368
26 086
-
-
Dividends
34 545
67 414
-
-
withholding
8 982
17 528
-
-
total
8 982
17 528
-
-
Income
93 500
93 500
93 500
93 500
Total tax
46 292
43 614
53 222
48 998
After tax
47 208
49 886
40 278
44 502
Living cost
21 644
21 644
21 644
21 644
Free-cash
25 564
28 242
18 634
22 858

Estimated living cost  is ₴21644 per week

₴15088
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1419
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47493
₴45896
₴32885
₴29749
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
-
unemployment
-
-
-
117
pensions
-
-
-
13 692
health
-
-
-
4 860
surtax
-
-
-
4 156
income
-
-
-
26 471
total
-
-
-
49 296
Employee
16 963
-
79 090
-
surtax
55
-
3 542
-
unemployment
1 181
-
4 765
-
income
2 843
-
23 403
-
health
433
-
1 745
-
pensions
1 131
-
4 566
-
other
-
-
-
-
total
5 643
-
38 021
-
Employer
16 963
-
79 090
-
pensions
2 261
-
9 126
-
other
-
-
-
-
health
772
-
3 115
-
unemployment
537
-
2 170
-
total
3 570
-
14 411
-
Corporate
72 967
93 500
-
-
income
18 972
24 310
-
-
total
18 972
24 310
-
-
Dividends
53 995
69 190
-
-
withholding
8 100
10 378
-
-
total
8 100
10 378
-
-
Income
93 500
93 500
93 500
93 500
Total tax
36 285
34 688
52 432
49 296
After tax
57 215
58 812
41 068
44 204
Living cost
11 319
11 319
11 319
11 319
Free-cash
45 896
47 493
29 749
32 885

Estimated living cost  is ₴11319 per week

₴6921
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1044
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36976
₴40477
₴37780
₴29319
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 771
income
-
-
-
26 740
total
-
-
-
31 511
Employee
33 601
-
81 676
-
income
6 052
-
21 099
-
health
488
-
1 183
-
pensions
2 852
-
5 866
-
total
9 392
-
28 148
-
Employer
33 601
-
81 676
-
pensions
3 637
-
10 272
-
health
638
-
1 552
-
total
4 275
-
11 824
-
Corporate
55 624
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.

10 569
17 765
-
-
total
10 569
17 765
-
-
Dividends
45 055
75 735
-
-
withholding
4 578
14 550
-
-
total
4 578
14 550
-
-
Income
93 500
93 500
93 500
93 500
Total tax
28 814
32 315
39 972
31 511
After tax
64 686
61 185
53 528
61 989
Living cost
24 209
24 209
24 209
24 209
Free-cash
40 477
36 976
29 319
37 780

Estimated living cost  is ₴24209 per week

₴18137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1815
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.
₴4004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴1296
₴19034
₴34300
₴29973
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other

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

-
-
-
1 870
pensions
-
-
-
8 601
health
-
-
-
211
national
-
-
-
1 500
regional
-
-
-
4 574
city
-
-
-
986
total
-
-
-
17 742
Employee
48 517
-
83 687
-
unemployment
-
-
-
-
regional
1 589
-
3 942
-
health
110
-
188
-
pensions
4 076
-
7 030
-
national
230
-
1 118
-
city
521
-
899
-
total
6 526
-
13 177
-
Employer
48 517
-
83 687
-
pensions
4 076
-
7 030
-
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.

970
-
1 674
-
health
110
-
188
-
unemployment
-
-
-
-
total
5 156
-
8 892
-
Corporate
39 294
93 500
-
-
national
3 340
7 948
-
-
regional
8 311
19 776
-
-
total
11 651
27 724
-
-
Dividends
27 643
65 777
-
-
withholding
9 675
23 022
-
-
total
9 675
23 022
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 008
50 746
22 069
17 742
After tax
60 492
42 754
71 431
75 758
Living cost
41 458
41 458
41 458
41 458
Free-cash
19 034
1 296
29 973
34 300

Estimated living cost  is ₴41458 per week

₴26960
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3720
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴509
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10269
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴22694
₴31010
₴23692
₴35638
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 504
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.

-
-
-
1 609
trade
-
-
-
11 946
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.

-
-
-
29 251
total
-
-
-
46 310
Employee

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

30 827
-
93 500
-
surtax

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

200
-
1 609
-
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.

3 625
-
29 251
-
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.

3 504
-
3 504
-
total
7 329
-
34 364
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 673
93 500
-
-
trade
10 748
16 035
-
-
chamber of commerce
166
209
-
-
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.

517
771
-
-
income
9 401
14 025
-
-
total
20 832
31 040
-
-
Dividends
41 840
62 460
-
-
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.

565
848
-
-
withholding
10 266
15 420
-
-
total
10 831
16 268
-
-
Income
93 500
93 500
93 500
93 500
Total tax
38 992
47 308
34 364
46 310
After tax
54 508
46 192
59 136
47 190
Living cost
23 498
23 498
23 498
23 498
Free-cash
31 010
22 694
35 638
23 692

Estimated living cost  is ₴23498 per week

₴17162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1880
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.
₴4152
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29574
₴32606
₴35090
₴33469
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
2 899
social contributions
-
-
-
2 664
pensions
-
-
-
16 373
health
-
-
-
4 051
surtax
-
-
-
-
income
-
-
-
14 874
total
-
-
-
40 861
Employee
21 953
-
72 275
-
social contributions
626
-
2 060
-
surtax
-
-
-
-
income
1 296
-
14 135
-
pensions
2 482
-
5 062
-
total
4 404
-
21 257
-
Employer
21 953
-
72 275
-
social contributions
66
-
217
-
pensions
3 606
-
8 515
-
other
757
-
2 835
-
health
1 537
-
6 731
-
unemployment
889
-
2 927
-
total
6 855
-
21 225
-
Corporate
64 691
93 500
-
-
surtax
-
-
-
-
income
18 113
26 180
-
-
total
18 113
26 180
-
-
Dividends
46 578
67 320
-
-
surtax
-
-
-
-
withholding
5 962
8 617
-
-
social contributions
8 011
11 580
-
-
total
13 973
20 197
-
-
Income
93 500
93 500
93 500
93 500
Total tax
43 345
46 377
42 482
40 861
After tax
50 155
47 123
51 018
52 639
Living cost
17 549
17 549
17 549
17 549
Free-cash
32 606
29 574
33 469
35 090

Estimated living cost  is ₴17549 per week

₴11066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1427
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.
₴4759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31312
₴34163
₴36828
₴35207
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
2 899
social contributions
-
-
-
2 664
pensions
-
-
-
16 373
health
-
-
-
4 051
surtax
-
-
-
-
income
-
-
-
14 874
total
-
-
-
40 861
Employee
19 596
-
72 275
-
social contributions
559
-
2 060
-
surtax
-
-
-
-
income
1 010
-
14 135
-
pensions
2 216
-
5 062
-
total
3 785
-
21 257
-
Employer
19 596
-
72 275
-
social contributions
58
-
217
-
pensions
3 220
-
8 515
-
other
677
-
2 835
-
health
1 372
-
6 731
-
unemployment
793
-
2 927
-
total
6 120
-
21 225
-
Corporate
67 784
93 500
-
-
surtax
-
-
-
-
income
18 979
26 180
-
-
total
18 979
26 180
-
-
Dividends
48 805
67 320
-
-
surtax
-
-
-
-
withholding
6 247
8 617
-
-
social contributions
8 395
11 580
-
-
total
14 642
20 197
-
-
Income
93 500
93 500
93 500
93 500
Total tax
43 526
46 377
42 482
40 861
After tax
49 974
47 123
51 018
52 639
Living cost
15 811
15 811
15 811
15 811
Free-cash
34 163
31 312
35 207
36 828

Estimated living cost  is ₴15811 per week

₴9169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1606
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.
₴4736
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46166
₴46433
₴49168
₴47147
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 527
income
-
-
-
14 025
total
-
-
-
33 455
Employee
17 392
-
93 500
-
social contributions
2 400
-
12 903
-
income
2 901
-
16 046
-
health
1 214
-
6 527
-
total
6 515
-
35 476
-
Employer
17 392
-
93 500
-
total
-
-
-
-
Corporate
76 108
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%.

3 805
4 675
-
-
total
3 805
4 675
-
-
Dividends
72 303
88 825
-
-
withholding
10 846
13 324
-
-
health
5 047
6 200
-
-
social contributions
9 977
12 258
-
-
total
25 870
31 782
-
-
Income
93 500
93 500
93 500
93 500
Total tax
36 190
36 457
35 476
33 455
After tax
57 310
57 043
58 024
60 045
Living cost
10 877
10 877
10 877
10 877
Free-cash
46 433
46 166
47 147
49 168

Estimated living cost  is ₴10877 per week

₴7279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴671
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.
₴2676
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33630
₴32836
₴29923
₴6669
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
unemployment
-
-
-
3 146
chamber of commerce
-
-
-
374
pensions
-
-
-
11 086
health
-
-
-
4 584
surtax
-
-
-
101
income
-
-
-
26 212
total
-
-
-
45 503
Employee
25 634
20 441
75 049
-
unemployment
769
613
1 798
-
income
2 918
1 508
21 177
-
health
992
791
2 319
-
pensions
2 625
2 093
6 136
-
other
256
204
600
-
total
7 560
5 209
32 030
-
Employer
25 634
20 441
75 049
-
accident
333
266
779
-
pensions
3 217
2 566
7 521
-
other
1 218
970
3 436
-
payroll
769
613
2 251
-
surtax
101
101
101
-
chamber of commerce
102
82
300
-
health
969
773
2 265
-
unemployment
769
613
1 798
-
total
7 478
5 984
18 451
-
Corporate
60 388
67 074
73 102
-
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.

15 097
16 769
18 276
-
total
15 097
16 769
18 276
-
Dividends
45 291
50 305
-
-
withholding
12 455
13 834
-
-
total
12 455
13 834
-
-
Income
93 500
93 500
93 500
93 500
Total tax
42 590
41 796
68 757
45 503
After tax
50 910
51 704
24 743
47 997
Living cost
18 074
18 074
18 074
18 074
Free-cash
32 836
33 630
6 669
29 923

Estimated living cost  is ₴18074 per week

₴12055
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1542
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.
₴4181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33582
₴25890
₴21854
₴14040
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 788
national
-
-
-
35 312
communal

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

-
-
-
4 843
total
-
-
-
52 943
Employee

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

36 691
-
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.

319
-
630
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

1 724
-
3 404
-
communal

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

1 914
-
3 777
-
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.

2 752
-
5 432
-
national
11 280
-
26 434
-
total
17 989
-
39 677
-
Employer

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

36 691
-
72 420
-
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.

477
-
941
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

3 251
-
6 417
-
surtax
4 160
-
8 212
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

2 256
-
4 453
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

535
-
1 057
-
total
10 679
-
21 080
-
Corporate
46 129
93 500
-
-
surtax
185
374
-
-
income
9 226
18 700
-
-
total
9 411
19 074
-
-
Dividends
36 718
74 426
-
-
withholding

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

10 828
22 141
-
-
total
10 828
22 141
-
-
Income
93 500
93 500
93 500
93 500
Total tax
48 907
41 215
60 757
52 943
After tax
44 593
52 285
32 743
40 557
Living cost
18 703
18 703
18 703
18 703
Free-cash
25 890
33 582
14 040
21 854

Estimated living cost  is ₴18703 per week

₴12047
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4728
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43762
₴40250
₴33913
₴31760
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
48
unemployment
-
-
-
333
pensions
-
-
-
13 454
income
-
-
-
26 800
accident
-
-
-
428
total
-
-
-
41 063
Employee
25 533
-
78 343
-
unemployment
396
-
737
-
income
5 387
-
25 039
-
pensions
1 200
-
2 235
-
other
25
-
48
-
total
7 008
-
28 059
-
Employer
25 533
-
78 343
-
accident
505
-
941
-
pensions
6 025
-
11 220
-
other
203
-
381
-
unemployment
1 405
-
2 615
-
total
8 138
-
15 157
-
Corporate
59 828
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.

8 974
14 025
-
-
total
8 974
14 025
-
-
Dividends
50 855
79 475
-
-
withholding
10 606
17 189
-
-
total
10 606
17 189
-
-
Income
93 500
93 500
93 500
93 500
Total tax
34 726
31 214
43 216
41 063
After tax
58 774
62 286
50 284
52 437
Living cost
18 524
18 524
18 524
18 524
Free-cash
40 250
43 762
31 760
33 913

Estimated living cost  is ₴18524 per week

₴13641
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1314
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.
₴3302
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26600
₴19939
₴18001
₴21730
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 014
health
-
-
-
6 569
surtax
-
-
-
4 635
income
-
-
-
15 708
accident
-
-
-
788
communal
-
-
-
5 910
total
-
-
-
47 624
Employee
38 845
-
83 520
-
surtax
2 381
-
5 118
-
income
3 752
-
18 401
-
health
1 729
-
3 716
-
pensions
3 107
-
6 681
-
total
10 969
-
33 916
-
Employer
38 845
-
83 520
-
accident
349
-
751
-
pensions
3 107
-
6 681
-
health
1 185
-
2 547
-
total
4 641
-
9 979
-
Corporate
50 014
93 500
-
-
surtax
525
982
-
-
communal
3 376
6 312
-
-
income
7 502
14 025
-
-
total
11 403
21 319
-
-
Dividends
38 612
72 182
-
-
income
12 881
6 879
-
-
withholding
5 792
10 827
-
-
total
18 673
17 706
-
-
Income
93 500
93 500
93 500
93 500
Total tax
45 686
39 025
43 895
47 624
After tax
47 814
54 475
49 605
45 876
Living cost
27 875
27 875
27 875
27 875
Free-cash
19 939
26 600
21 730
18 001

Estimated living cost  is ₴27875 per week

₴20911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1689
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4980
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47291
₴45658
₴32683
₴29547
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
-
unemployment
-
-
-
117
pensions
-
-
-
13 692
health
-
-
-
4 860
surtax
-
-
-
4 156
income
-
-
-
26 471
total
-
-
-
49 296
Employee
17 274
-
79 090
-
surtax
61
-
3 542
-
unemployment
1 202
-
4 765
-
income
2 896
-
23 403
-
health
441
-
1 745
-
pensions
1 153
-
4 566
-
other
-
-
-
-
total
5 753
-
38 021
-
Employer
17 274
-
79 090
-
pensions
2 303
-
9 126
-
other
-
-
-
-
health
786
-
3 115
-
unemployment
548
-
2 170
-
total
3 637
-
14 411
-
Corporate
72 589
93 500
-
-
income
18 873
24 310
-
-
total
18 873
24 310
-
-
Dividends
53 716
69 190
-
-
withholding
8 058
10 378
-
-
total
8 058
10 378
-
-
Income
93 500
93 500
93 500
93 500
Total tax
36 321
34 688
52 432
49 296
After tax
57 179
58 812
41 068
44 204
Living cost
11 521
11 521
11 521
11 521
Free-cash
45 658
47 291
29 547
32 683

Estimated living cost  is ₴11521 per week

₴6956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1002
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35328
₴34188
₴30381
₴26180
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 048
national
-
-
-
23 287
municipal
-
-
-
556
regional
-
-
-
1 410
total
-
-
-
49 301
Employee
28 454
-
93 500
-
social contributions
9 595
-
31 529
-
regional
383
-
1 258
-
national
4 508
-
20 220
-
municipal
151
-
495
-
total
14 637
-
53 502
-
Employer
28 454
-
93 500
-
total
-
-
-
-
Corporate
65 046
93 500
-
-
municipal
3 233
4 647
-
-
nationa
15 611
22 440
-
-
total
18 844
27 087
-
-
Dividends
46 202
66 413
-
-
withholding
12 013
17 267
-
-
total
12 013
17 267
-
-
Income
93 500
93 500
93 500
93 500
Total tax
45 494
44 354
53 502
49 301
After tax
48 006
49 146
39 998
44 199
Living cost
13 818
13 818
13 818
13 818
Free-cash
34 188
35 328
26 180
30 381

Estimated living cost  is ₴13818 per week

₴8593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3588
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48684
₴43086
₴37480
₴33329
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
18 323
health
-
-
-
12 623
income
-
-
-
9 383
solidarity contribution
-
-
-
-
total
-
-
-
40 329
Employee
23 076
-
71 387
-
social contributions
1 500
-
4 079
-
income
2 769
-
8 651
-
health
3 115
-
9 637
-
solidarity contribution
-
-
-
-
total
7 384
-
22 367
-
Employer
23 076
-
71 387
-
social contributions
5 769
-
15 688
-
health
2 077
-
6 425
-
total
7 846
-
22 113
-
Corporate
62 579
93 500
-
-
income
11 890
17 765
-
-
total
11 890
17 765
-
-
Dividends
50 689
75 735
-
-
withholding
7 603
11 360
-
-
total
7 603
11 360
-
-
Income
93 500
93 500
93 500
93 500
Total tax
34 723
29 125
44 480
40 329
After tax
58 777
64 375
49 020
53 171
Living cost
15 691
15 691
15 691
15 691
Free-cash
43 086
48 684
33 329
37 480

Estimated living cost  is ₴15691 per week

₴11669
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴869
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35395
₴35138
₴31733
₴8403
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
unemployment
-
-
-
3 146
chamber of commerce
-
-
-
374
pensions
-
-
-
11 086
health
-
-
-
4 584
surtax
-
-
-
-
income
-
-
-
26 212
total
-
-
-
45 402
Employee
22 422
20 441
75 143
-
unemployment
673
613
1 798
-
income
1 997
1 508
21 222
-
health
867
791
2 319
-
pensions
2 296
2 093
6 136
-
other
224
204
600
-
total
6 057
5 209
32 075
-
Employer
22 422
20 441
75 143
-
accident
291
266
779
-
pensions
2 814
2 566
7 521
-
other
1 065
970
3 440
-
payroll
673
613
2 254
-
surtax
-
-
-
-
chamber of commerce
90
82
301
-
health
848
773
2 265
-
unemployment
673
613
1 798
-
total
6 454
5 883
18 358
-
Corporate
64 625
67 175
73 196
-
income

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

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

16 157
16 794
18 299
-
total
16 157
16 794
18 299
-
Dividends
48 469
50 381
-
-
withholding
13 329
13 854
-
-
total
13 329
13 854
-
-
Income
93 500
93 500
93 500
93 500
Total tax
41 997
41 740
68 732
45 402
After tax
51 503
51 760
24 768
48 098
Living cost
16 365
16 365
16 365
16 365
Free-cash
35 138
35 395
8 403
31 733

Estimated living cost  is ₴16365 per week

₴9817
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1671
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.
₴4585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴81693
₴80356
₴85433
₴67668
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 916
-
93 500
-
income
1 783
-
18 700
-
total
1 783
-
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%.

84 584
93 500
-
-
total
-
-
-
-
Dividends
84 584
93 500
-
-
withholding
4 229
4 675
-
-
total
4 229
4 675
-
-
Income
93 500
93 500
93 500
93 500
Total tax
6 012
4 675
18 700
935
After tax
87 488
88 825
74 800
92 565
Living cost
7 132
7 132
7 132
7 132
Free-cash
80 356
81 693
67 668
85 433

Estimated living cost  is ₴7132 per week

₴4827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴299
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50616
₴46324
₴31748
₴29272
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
93 500
unemployment
-
-
-
140
pensions
-
-
-
17 075
health
-
-
-
9 201
income
-
-
-
21 578
total
-
-
-
47 994
Employee

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

22 682
-
80 903
-
unemployment
32
-
113
-
income
3 912
-
19 994
-
health
1 465
-
5 226
-
pensions
3 516
-
12 540
-
total
8 925
-
37 873
-
Employer

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

22 682
-
80 903
-
pensions
2 007
-
7 160
-
health
1 511
-
5 388
-
unemployment
14
-
49
-
total
3 532
-
12 597
-
Corporate
67 286
93 500
-
-
income
12 785
17 765
-
-
total
12 785
17 765
-
-
Dividends
54 501
75 735
-
-
withholding
8 176
11 361
-
-
total
8 176
11 361
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 418
29 126
50 470
47 994
After tax
60 082
64 374
43 030
45 506
Living cost
13 758
13 758
13 758
13 758
Free-cash
46 324
50 616
29 272
31 748

Estimated living cost  is ₴13758 per week

₴9442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴882
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.
₴3168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32207
₴5002
₴39938
₴61297
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
35 385
-
-
-
social contributions
2 902
-
414
-
income
7 805
-
-
-
total
10 707
-
414
-
Employer
35 385
-
-
-
social contributions
49 893
-
7 111
-
total
49 893
-
7 111
-
Corporate
8 221
93 500
-
-
income
1 809
20 570
-
-
total
1 809
20 570
-
-
Dividends
6 412
72 930
-
-
income
1 411
16 045
-
-
total
1 411
16 045
-
-
Income
93 500
93 500
93 500
93 500
Total tax
63 820
36 615
7 525
28 884
After tax
29 680
56 885
85 975
64 616
Living cost
24 678
24 678
24 678
24 678
Free-cash
5 002
32 207
61 297
39 938

Estimated living cost  is ₴24678 per week

₴16012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2321
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴6031
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37094
₴36578
₴33783
₴26693
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
93 500
social contributions

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

-
-
-
32 491
surtax
-
-
-
-
income
-
-
-
11 137
total
-
-
-
43 628
Employee
23 591
-
75 555
-
social contributions
2 595
-
8 311
-
surtax
-
-
-
-
income
4 907
-
24 462
-
total
7 502
-
32 773
-
Employer
23 591
-
75 555
-
social contributions
5 603
-
17 945
-
total
5 603
-
17 945
-
Corporate
64 306
93 500
-
-
surtax
-
-
-
-
income
13 504
19 635
-
-
total
13 504
19 635
-
-
Dividends
50 802
73 865
-
-
withholding
14 224
20 682
-
-
total
14 224
20 682
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 833
40 317
50 718
43 628
After tax
52 667
53 183
42 782
49 872
Living cost
16 089
16 089
16 089
16 089
Free-cash
36 578
37 094
26 693
33 783

Estimated living cost  is ₴16089 per week

₴12038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴949
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.
₴2834
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22349
₴25875
₴27865
₴26244
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
2 899
social contributions
-
-
-
2 664
pensions
-
-
-
16 373
health
-
-
-
4 051
surtax
-
-
-
-
income
-
-
-
14 874
total
-
-
-
40 861
Employee
32 126
-
72 275
-
social contributions
915
-
2 060
-
surtax
-
-
-
-
income
2 803
-
14 135
-
pensions
3 634
-
5 062
-
total
7 352
-
21 257
-
Employer
32 126
-
72 275
-
social contributions
96
-
217
-
pensions
5 279
-
8 515
-
other
1 109
-
2 835
-
health
2 249
-
6 731
-
unemployment
1 301
-
2 927
-
total
10 034
-
21 225
-
Corporate
51 340
93 500
-
-
surtax
-
-
-
-
income
14 375
26 180
-
-
total
14 375
26 180
-
-
Dividends
36 964
67 320
-
-
surtax
-
-
-
-
withholding
4 732
8 617
-
-
social contributions
6 358
11 580
-
-
total
11 090
20 197
-
-
Income
93 500
93 500
93 500
93 500
Total tax
42 851
46 377
42 482
40 861
After tax
50 649
47 123
51 018
52 639
Living cost
24 774
24 774
24 774
24 774
Free-cash
25 875
22 349
26 244
27 865

Estimated living cost  is ₴24774 per week

₴16767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2027
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5641
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68731
₴67007
₴53333
₴55818
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 570
income
-
-
-
4 178
total
-
-
-
24 748
Employee
16 491
-
80 952
-
income
-
-
4 454
-
social contributions
1 072
-
5 262
-
total
1 072
-
9 716
-
Employer
16 491
-
80 952
-
social contributions
2 556
-
12 547
-
total
2 556
-
12 547
-
Corporate
74 453
93 500
-
-
income
7 446
9 350
-
-
total
7 446
9 350
-
-
Dividends
67 008
84 150
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
11 074
9 350
22 263
24 748
After tax
82 426
84 150
71 237
68 752
Living cost
15 419
15 419
15 419
15 419
Free-cash
67 007
68 731
55 818
53 333

Estimated living cost  is ₴15419 per week

₴9970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1162
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3997
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17970
-₴17970
₴30310
-₴17970
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
443
labour market
-
-
-
7 445
national
-
-
-
11 086
municipal
-
-
-
19 577
total
-
-
-
38 551
Employee
103 997
103 997
103 997
-
pensions
148
148
148
-
national
12 705
12 705
12 705
-
municipal
22 146
22 146
22 146
-
labour market
8 308
8 308
8 308
-
total
43 307
43 307
43 307
-
Employer
103 997
103 997
103 997
-
pensions
296
296
296
-
municipal
22 181
22 181
22 181
-
labour market
8 320
8 320
8 320
-
national
12 727
12 727
12 727
-
total
43 524
43 524
43 524
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
86 831
86 831
86 831
38 551
After tax
6 669
6 669
6 669
54 949
Living cost
24 639
24 639
24 639
24 639
Free-cash
-17 970
-17 970
-17 970
30 310

Estimated living cost  is ₴24639 per week

₴16863
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2180
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴379
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3309
₴5903
₴53016
₴40083
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
186
pensions
-
-
-
2 089
health
-
-
-
1 095
income
-
-
-
26 104
accident
-
-
-
127
total
-
-
-
29 601
Employee
17 119
-
84 488
-
income
2 349
-
20 018
-
health
1 960
-
9 674
-
pensions
1 928
-
3 830
-
total
6 237
-
33 522
-
Employer
17 119
-
84 488
-
accident
286
-
1 411
-
pensions
2 784
-
5 531
-
unemployment
419
-
2 070
-
total
3 489
-
9 012
-
Corporate
72 892
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.

65 603
84 150
-
-
total
65 603
84 150
-
-
Dividends
7 289
9 350
-
-
withholding
1 385
1 776
-
-
total
1 385
1 776
-
-
Income
93 500
93 500
93 500
93 500
Total tax
76 714
85 926
42 534
29 601
After tax
16 786
7 574
50 966
63 899
Living cost
10 883
10 883
10 883
10 883
Free-cash
5 903
-3 309
40 083
53 016

Estimated living cost  is ₴10883 per week

₴7921
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴620
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2137
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38701
₴40067
₴40157
₴29156
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 226
national
-
-
-
15 815
municipal
-
-
-
16 609
total
-
-
-
33 650
Employee
26 987
-
78 658
-
unemployment
405
-
1 180
-
health
201
-
997
-
pensions
1 821
-
5 309
-
national
446
-
9 512
-
municipal
4 420
-
12 811
-
total
7 293
-
29 809
-
Employer
26 987
-
78 658
-
accident
27
-
79
-
pensions
4 682
-
13 647
-
health
207
-
605
-
unemployment
175
-
511
-
total
5 091
-
14 842
-
Corporate
61 421
93 500
-
-
income
12 284
18 700
-
-
total
12 284
18 700
-
-
Dividends

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

36 853
56 100
-
-
national
2 438
6 308
-
-
municipal
6 634
10 098
-
-
total
9 072
16 406
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 740
35 106
44 651
33 650
After tax
59 760
58 394
48 849
59 850
Living cost
19 693
19 693
19 693
19 693
Free-cash
40 067
38 701
29 156
40 157

Estimated living cost  is ₴19693 per week

₴12864
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1894
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.
₴4623
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56321
₴53532
₴51874
₴51061
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 299
health
-
-
-
2 384
income
-
-
-
19 067
total
-
-
-
29 750
Employee
39 443
39 443
87 467
-
social contributions
1 491
3 274
4 415
-
income
4 295
3 651
18 628
-
health
306
671
1 487
-
total
6 092
7 596
24 530
-
Employer
39 443
39 443
87 467
-
social contributions
1 491
3 274
4 415
-
health
332
730
1 618
-
total
1 823
4 004
6 033
-
Corporate
73 709
50 054
-
-
income
9 213
6 257
-
-
total
9 213
6 257
-
-
Dividends
64 496
43 797
-
-
withholding
10 964
7 446
-
-
total
10 964
7 446
-
-
Income
93 500
93 500
93 500
93 500
Total tax
28 092
25 303
30 563
29 750
After tax
65 408
68 197
62 937
63 750
Living cost
11 876
11 876
11 876
11 876
Free-cash
53 532
56 321
51 061
51 874

Estimated living cost  is ₴11876 per week

₴7118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1165
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3331
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69283
₴66675
₴70683
₴60395
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
93 500
unemployment
-
-
-
15
pensions
-
-
-
3 263
health
-
-
-
1 856
income
-
-
-
9 539
total
-
-
-
14 673
Employee

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

11 774
-
88 487
-
unemployment
58
-
243
-
income
805
-
8 267
-
health
1 001
-
4 137
-
pensions
1 766
-
7 301
-
total
3 630
-
19 948
-
Employer

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

11 774
-
88 487
-
pensions
647
-
2 677
-
health
506
-
2 093
-
unemployment
58
-
243
-
total
1 211
-
5 013
-
Corporate
80 514
93 500
-
-
income
7 246
8 415
-
-
total
7 246
8 415
-
-
Dividends
73 268
85 085
-
-
withholding
6 594
7 658
-
-
total
6 594
7 658
-
-
Income
93 500
93 500
93 500
93 500
Total tax
18 681
16 073
24 961
14 673
After tax
74 819
77 427
68 539
78 827
Living cost
8 144
8 144
8 144
8 144
Free-cash
66 675
69 283
60 395
70 683

Estimated living cost  is ₴8144 per week

₴5196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴587
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.
₴2118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48181
₴45915
₴38332
₴36179
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
48
unemployment
-
-
-
333
pensions
-
-
-
13 454
income
-
-
-
26 800
accident
-
-
-
428
total
-
-
-
41 063
Employee
18 966
-
78 343
-
unemployment
294
-
737
-
income
3 657
-
25 039
-
pensions
892
-
2 235
-
other
18
-
48
-
total
4 861
-
28 059
-
Employer
18 966
-
78 343
-
accident
376
-
941
-
pensions
4 476
-
11 220
-
other
152
-
381
-
unemployment
1 043
-
2 615
-
total
6 047
-
15 157
-
Corporate
68 487
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.

10 273
14 025
-
-
total
10 273
14 025
-
-
Dividends
58 213
79 475
-
-
withholding
12 299
17 189
-
-
total
12 299
17 189
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 480
31 214
43 216
41 063
After tax
60 020
62 286
50 284
52 437
Living cost
14 105
14 105
14 105
14 105
Free-cash
45 915
48 181
36 179
38 332

Estimated living cost  is ₴14105 per week

₴9521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1356
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2982
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57472
₴57329
₴59391
₴59328
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
636
health
-
-
-
461
income
-
-
-
32 140
total
-
-
-
33 237
Employee
1 328
-
92 785
-
unemployment
13
-
32
-
income
257
-
32 107
-
health
66
-
159
-
pensions
120
-
286
-
total
456
-
32 584
-
Employer
1 328
-
92 785
-
pensions
146
-
350
-
health
126
-
302
-
unemployment
27
-
64
-
total
299
-
716
-
Corporate
91 873
93 500
-
-
income
20 212
20 570
-
-
total
20 212
20 570
-
-
Dividends
71 661
72 930
-
-
withholding
14 332
14 586
-
-
total
14 332
14 586
-
-
Income
93 500
93 500
93 500
93 500
Total tax
35 299
35 156
33 300
33 237
After tax
58 201
58 344
60 200
60 263
Living cost
872
872
872
872
Free-cash
57 329
57 472
59 328
59 391

Estimated living cost  is ₴872 per week

₴518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴71
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴263
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58717
₴56203
₴49148
₴49148
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
93 500
unemployment
-
-
-
566
pensions
-
-
-
9 819
health
-
-
-
3 890
income
-
-
-
21 240
total
-
-
-
35 515
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.

13 326
-
86 740
-
unemployment
100
-
283
-
income
1 837
-
21 240
-
health
686
-
1 945
-
pensions
1 866
-
5 287
-
total
4 489
-
28 755
-
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.

13 326
-
86 740
-
pensions
1 599
-
4 532
-
health
686
-
1 945
-
unemployment
100
-
283
-
total
2 385
-
6 760
-
Corporate
77 789
93 500
-
-
income
11 668
14 025
-
-
total
11 668
14 025
-
-
Dividends
66 120
79 475
-
-
withholding
9 918
11 921
-
-
total
9 918
11 921
-
-
Income
93 500
93 500
93 500
93 500
Total tax
28 460
25 946
35 515
35 515
After tax
65 040
67 554
57 985
57 985
Living cost
8 837
8 837
8 837
8 837
Free-cash
56 203
58 717
49 148
49 148

Estimated living cost  is ₴8837 per week

₴5950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴684
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴39354
₴39168
₴36043
₴28953
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
93 500
social contributions

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

-
-
-
32 491
surtax
-
-
-
-
income
-
-
-
11 137
total
-
-
-
43 628
Employee
19 908
-
75 555
-
social contributions
2 190
-
8 311
-
surtax
-
-
-
-
income
3 890
-
24 462
-
total
6 080
-
32 773
-
Employer
19 908
-
75 555
-
social contributions
4 728
-
17 945
-
total
4 728
-
17 945
-
Corporate
68 864
93 500
-
-
surtax
-
-
-
-
income
14 462
19 635
-
-
total
14 462
19 635
-
-
Dividends
54 402
73 865
-
-
withholding
15 233
20 682
-
-
total
15 233
20 682
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 503
40 317
50 718
43 628
After tax
52 997
53 183
42 782
49 872
Living cost
13 829
13 829
13 829
13 829
Free-cash
39 168
39 354
28 953
36 043

Estimated living cost  is ₴13829 per week

₴9794
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴961
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.
₴2829
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44259
₴40901
₴34410
₴32257
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
48
unemployment
-
-
-
333
pensions
-
-
-
13 454
income
-
-
-
26 800
accident
-
-
-
428
total
-
-
-
41 063
Employee
24 773
-
78 343
-
unemployment
384
-
737
-
income
5 174
-
25 039
-
pensions
1 164
-
2 235
-
other
24
-
48
-
total
6 746
-
28 059
-
Employer
24 773
-
78 343
-
accident
491
-
941
-
pensions
5 846
-
11 220
-
other
199
-
381
-
unemployment
1 363
-
2 615
-
total
7 899
-
15 157
-
Corporate
60 829
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.

9 125
14 025
-
-
total
9 125
14 025
-
-
Dividends
51 704
79 475
-
-
withholding
10 802
17 189
-
-
total
10 802
17 189
-
-
Income
93 500
93 500
93 500
93 500
Total tax
34 572
31 214
43 216
41 063
After tax
58 928
62 286
50 284
52 437
Living cost
18 027
18 027
18 027
18 027
Free-cash
40 901
44 259
32 257
34 410

Estimated living cost  is ₴18027 per week

₴12946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴71088
₴67951
₴65819
₴69516
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
unemployment
-
-
-
72
pensions

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

-
-
-
2 661
health
-
-
-
2 068
income
-
-
-
14 025
total
-
-
-
18 826
Employee
11 725
-
89 972
-
accident

We are using the highest rate at 1.1%.

129
-
198
-
income
1 173
-
8 997
-
health
539
-
827
-
pensions

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

1 029
-
1 579
-
total
2 870
-
11 601
-
Employer
11 725
-
89 972
-
accident

We are using the highest rate at 1.1%.

129
-
198
-
pensions

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

1 292
-
1 981
-
health
809
-
1 241
-
unemployment
70
-
108
-
total
2 300
-
3 528
-
Corporate
79 474
93 500
-
-
income
7 947
9 350
-
-
total
7 947
9 350
-
-
Dividends
71 527
84 150
-
-
withholding
3 577
4 207
-
-
total
3 577
4 207
-
-
Income
93 500
93 500
93 500
93 500
Total tax
16 694
13 557
15 129
18 826
After tax
76 806
79 943
78 371
74 674
Living cost
8 855
8 855
8 855
8 855
Free-cash
67 951
71 088
69 516
65 819

Estimated living cost  is ₴8855 per week

₴5857
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴507
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.
₴2280
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28312
₴35023
₴29338
₴39333
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 504
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.

-
-
-
1 609
trade
-
-
-
9 995
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.

-
-
-
29 251
total
-
-
-
44 359
Employee

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

25 522
-
93 500
-
surtax

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

116
-
1 609
-
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.

2 099
-
29 251
-
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.

3 504
-
3 504
-
total
5 719
-
34 364
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 978
93 500
-
-
trade
9 754
13 417
-
-
chamber of commerce
177
215
-
-
surtax

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

561
771
-
-
income
10 196
14 025
-
-
total
20 688
28 428
-
-
Dividends
47 289
65 072
-
-
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.

640
884
-
-
withholding
11 627
16 073
-
-
total
12 267
16 957
-
-
Income
93 500
93 500
93 500
93 500
Total tax
38 674
45 385
34 364
44 359
After tax
54 826
48 115
59 136
49 141
Living cost
19 803
19 803
19 803
19 803
Free-cash
35 023
28 312
39 333
29 338

Estimated living cost  is ₴19803 per week

₴13661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2131
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3724
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36230
₴37364
₴19687
₴19687
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
15 672
income
-
-
-
28 922
total
-
-
-
44 594
Employee
40 123
-
93 500
-
income
7 571
-
28 922
-
social contributions
3 333
-
15 672
-
total
10 904
-
44 594
-
Employer
40 123
-
93 500
-
total
-
-
-
-
Corporate
53 377
93 500
-
-
income
6 672
11 688
-
-
total
6 672
11 688
-
-
Dividends
46 705
81 812
-
-
withholding
9 341
16 363
-
-
total
9 341
16 363
-
-
Income
93 500
93 500
93 500
93 500
Total tax
26 917
28 051
44 594
44 594
After tax
66 583
65 449
48 906
48 906
Living cost
29 219
29 219
29 219
29 219
Free-cash
37 364
36 230
19 687
19 687

Estimated living cost  is ₴29219 per week

₴22230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2381
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4330
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39445
₴41237
₴56995
₴47668
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
93 500
health

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

-
-
-
3 284
income
-
-
-
14 601
total
-
-
-
17 885
Employee
23 531
-
91 140
-
income
2 553
-
22 492
-
social contributions
2 358
-
2 360
-
total
4 911
-
24 852
-
Employer
23 531
-
91 140
-
social contributions
2 358
-
2 360
-
total
2 358
-
2 360
-
Corporate
67 612
93 500
-
-
income
23 664
32 725
-
-
total
23 664
32 725
-
-
Dividends
43 947
60 775
-
-
social contributions
2 710
2 710
-
-
total
2 710
2 710
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 643
35 435
27 212
17 885
After tax
59 857
58 065
66 288
75 615
Living cost
18 620
18 620
18 620
18 620
Free-cash
41 237
39 445
47 668
56 995

Estimated living cost  is ₴18620 per week

₴12265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41504
₴44643
₴42308
₴33847
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 771
income
-
-
-
26 740
total
-
-
-
31 511
Employee
27 015
-
81 676
-
income
4 920
-
21 099
-
health
352
-
1 183
-
pensions
2 062
-
5 866
-
total
7 334
-
28 148
-
Employer
27 015
-
81 676
-
pensions
2 729
-
10 272
-
health
513
-
1 552
-
total
3 242
-
11 824
-
Corporate
63 242
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.

12 016
17 765
-
-
total
12 016
17 765
-
-
Dividends
51 226
75 735
-
-
withholding
6 584
14 550
-
-
total
6 584
14 550
-
-
Income
93 500
93 500
93 500
93 500
Total tax
29 176
32 315
39 972
31 511
After tax
64 324
61 185
53 528
61 989
Living cost
19 681
19 681
19 681
19 681
Free-cash
44 643
41 504
33 847
42 308

Estimated living cost  is ₴19681 per week

₴13501
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1810
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4123
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4386
₴5740
₴51939
₴39006
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
186
pensions
-
-
-
2 089
health
-
-
-
1 095
income
-
-
-
26 104
accident
-
-
-
127
total
-
-
-
29 601
Employee
18 814
-
84 488
-
income
2 581
-
20 018
-
health
2 154
-
9 674
-
pensions
2 118
-
3 830
-
total
6 853
-
33 522
-
Employer
18 814
-
84 488
-
accident
314
-
1 411
-
pensions
3 059
-
5 531
-
unemployment
461
-
2 070
-
total
3 834
-
9 012
-
Corporate
70 852
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.

63 767
84 150
-
-
total
63 767
84 150
-
-
Dividends
7 085
9 350
-
-
withholding
1 346
1 776
-
-
total
1 346
1 776
-
-
Income
93 500
93 500
93 500
93 500
Total tax
75 800
85 926
42 534
29 601
After tax
17 700
7 574
50 966
63 899
Living cost
11 960
11 960
11 960
11 960
Free-cash
5 740
-4 386
39 006
51 939

Estimated living cost  is ₴11960 per week

₴8777
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2245
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴71753
₴69355
₴48555
₴59832
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
93 500
unemployment
-
-
-
984
pensions
-
-
-
15 091
income
-
-
-
15 464
health insurance
-
-
-
6 069
work injury
-
-
-
410
total
-
-
-
38 018
Employee

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

11 083
-
93 500
-
unemployment
133
-
492
-
income
1 108
-
15 464
-
pensions
2 039
-
7 545
-
work injury
55
-
205
-
health insurance
820
-
3 035
-
total
4 155
-
26 741
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
82 417
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%.

824
935
-
-
total
824
935
-
-
Dividends
81 592
92 565
-
-
withholding
12 239
13 885
-
-
total
12 239
13 885
-
-
Income
93 500
93 500
93 500
93 500
Total tax
17 218
14 820
26 741
38 018
After tax
76 282
78 680
66 759
55 482
Living cost
6 927
6 927
6 927
6 927
Free-cash
69 355
71 753
59 832
48 555

Estimated living cost  is ₴6927 per week

₴4291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1916
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28815
₴26481
₴22961
₴18856
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 048
national
-
-
-
23 287
municipal
-
-
-
625
regional
-
-
-
2 145
total
-
-
-
50 105
Employee
43 224
-
93 500
-
social contributions
14 575
-
31 529
-
regional
653
-
1 903
-
national
7 304
-
20 220
-
municipal
258
-
558
-
total
22 790
-
54 210
-
Employer
43 224
-
93 500
-
total
-
-
-
-
Corporate
50 276
93 500
-
-
municipal
2 424
4 507
-
-
nationa
12 066
22 440
-
-
total
14 490
26 947
-
-
Dividends
35 786
66 553
-
-
withholding
9 305
17 304
-
-
total
9 305
17 304
-
-
Income
93 500
93 500
93 500
93 500
Total tax
46 585
44 251
54 210
50 105
After tax
46 915
49 249
39 290
43 395
Living cost
20 434
20 434
20 434
20 434
Free-cash
26 481
28 815
18 856
22 961

Estimated living cost  is ₴20434 per week

₴14354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1406
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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