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
₴37494
₴31940
₴43778
₴32729
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
93 500
trade
-
-
-
11 049
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.

-
-
-
29 462
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.

-
-
-
3 430
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.

-
-
-
1 621
total
-
-
-
45 562
Employee

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

19 205
-
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
-
1 621
-
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.

3 430
-
3 430
-
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.

536
-
29 462
-
total
3 996
-
34 513
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
74 295
93 500
-
-
trade
11 701
14 726
-
-
income
11 145
14 025
-
-
surtax

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

613
772
-
-
chamber of commerce
183
211
-
-
total
23 642
29 734
-
-
Dividends
50 654
63 766
-
-
withholding
12 473
15 751
-
-
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.

686
866
-
-
total
13 159
16 617
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 797
46 351
34 513
45 562
After tax
52 703
47 149
58 987
47 938
Living cost
15 209
15 209
15 209
15 209
Free-cash
37 494
31 940
43 778
32 729

Estimated living cost  is ₴15209 per week

₴9567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32270
₴32695
₴29590
₴29087
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
1 005
pensions
-
-
-
11 220
municipal
-
-
-
10 274
national
-
-
-
16 265
total
-
-
-
38 764
Employee
39 761
-
80 830
-
national
7 610
-
17 057
-
municipal
4 911
-
10 636
-
pensions
1 590
-
3 233
-
total
14 111
-
30 926
-
Employer
39 761
-
80 830
-
pensions
3 181
-
6 466
-
social contributions
427
-
869
-
total
3 608
-
7 335
-
Corporate
47 506
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%.

9 501
18 700
-
-
total
9 501
18 700
-
-
Dividends
38 005
74 800
-
-
withholding
8 361
16 456
-
-
total
8 361
16 456
-
-
Income
93 500
93 500
93 500
93 500
Total tax
35 581
35 156
38 261
38 764
After tax
57 919
58 344
55 239
54 736
Living cost
25 649
25 649
25 649
25 649
Free-cash
32 270
32 695
29 590
29 087

Estimated living cost  is ₴25649 per week

₴17434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2384
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴384
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60235
₴64354
₴29182
₴22254
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 238
income
-
-
-
17 720
microenterprise
-
-
-
-
surtax
-
-
-
23 842
total
-
-
-
60 800
Employee
14 672
-
71 247
-
surtax
-
-
10 331
-
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.

1 614
-
6 582
-
income
2 612
-
14 706
-
total
4 226
-
31 619
-
Employer
14 672
-
71 247
-
social contributions

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

3 534
-
14 416
-
surtax
-
-
7 837
-
total
3 534
-
22 253
-
Corporate
75 294
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%.

15 059
18 700
-
-
total
15 059
18 700
-
-
Dividends

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

60 235
74 800
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
22 819
18 700
53 872
60 800
After tax
70 681
74 800
39 628
32 700
Living cost
10 446
10 446
10 446
10 446
Free-cash
60 235
64 354
29 182
22 254

Estimated living cost  is ₴10446 per week

₴6664
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴995
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.
₴2550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22255
₴25332
₴37931
₴30233
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
income
-
-
-
30 158
pensions
-
-
-
5 883
health
-
-
-
6 192
total
-
-
-
42 233
Employee
42 878
42 878
84 169
-
health
6 581
5 598
6 192
-
pensions
7 718
5 883
5 883
-
income

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

7 019
7 019
13 129
-
total
21 318
18 500
25 204
-
Employer
42 878
42 878
84 169
-
pensions
2 984
2 984
3 709
-
unemployment
1 544
1 544
1 918
-
health
2 981
2 981
3 704
-
total
7 509
7 509
9 331
-
Corporate
43 639
43 113
-
-
income
8 728
8 622
-
-
total
8 728
8 622
-
-
Dividends
34 911
34 491
-
-
withholding
5 237
5 174
-
-
income
7 419
7 329
-
-
total
12 656
12 503
-
-
Income
93 500
93 500
93 500
93 500
Total tax
50 211
47 134
34 535
42 233
After tax
43 289
46 366
58 965
51 267
Living cost
21 034
21 034
21 034
21 034
Free-cash
22 255
25 332
37 931
30 233

Estimated living cost  is ₴21034 per week

₴14906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1896
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3897
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29832
₴30298
₴26639
₴27141
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 285
unemployment
-
-
-
46
pensions
-
-
-
4 917
municipal
-
-
-
23 953
accident
-
-
-
91
national
-
-
-
8 476
health
-
-
-
2 838
total
-
-
-
45 606
Employee
29 571
-
79 209
-
national
-
-
8 197
-
municipal
8 818
-
23 620
-
total
8 818
-
31 817
-
Employer
29 571
-
79 209
-
other
3 436
-
5 285
-
accident
59
-
91
-
pensions
3 197
-
4 917
-
unemployment
781
-
1 201
-
health
1 819
-
2 797
-
total
9 292
-
14 291
-
Corporate
54 638
93 500
-
-
income
12 020
20 570
-
-
total
12 020
20 570
-
-
Dividends
42 618
72 930
-
-
withholding
12 785
21 879
-
-
total
12 785
21 879
-
-
Income
93 500
93 500
93 500
93 500
Total tax
42 915
42 449
46 108
45 606
After tax
50 585
51 051
47 392
47 894
Living cost
20 753
20 753
20 753
20 753
Free-cash
29 832
30 298
26 639
27 141

Estimated living cost  is ₴20753 per week

₴13754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2036
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34000
₴26941
₴39262
₴27722
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
93 500
trade
-
-
-
11 540
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.

-
-
-
29 462
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.

-
-
-
3 430
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.

-
-
-
1 621
total
-
-
-
46 053
Employee

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

25 463
-
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.

120
-
1 621
-
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.

3 430
-
3 430
-
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.

2 188
-
29 462
-
total
5 738
-
34 513
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 037
93 500
-
-
trade
11 192
15 381
-
-
income
10 205
14 025
-
-
surtax

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

561
772
-
-
chamber of commerce
173
210
-
-
total
22 131
30 388
-
-
Dividends
45 905
63 112
-
-
withholding
11 286
15 588
-
-
surtax

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

620
858
-
-
total
11 906
16 446
-
-
Income
93 500
93 500
93 500
93 500
Total tax
39 775
46 834
34 513
46 053
After tax
53 725
46 666
58 987
47 447
Living cost
19 725
19 725
19 725
19 725
Free-cash
34 000
26 941
39 262
27 722

Estimated living cost  is ₴19725 per week

₴13192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2080
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49825
₴51906
₴46560
₴47369
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 124
income
-
-
-
19 337
health
-
-
-
2 384
total
-
-
-
29 845
Employee
38 610
38 610
87 558
-
health
384
657
1 488
-
social contributions
1 876
3 204
4 322
-
income
4 054
3 574
18 902
-
total
6 314
7 435
24 712
-
Employer
38 610
38 610
87 558
-
social contributions
1 876
3 204
4 322
-
health
418
715
1 620
-
total
2 294
3 919
5 942
-
Corporate
68 605
50 971
-
-
income
8 576
6 372
-
-
total
8 576
6 372
-
-
Dividends
60 029
44 599
-
-
withholding
10 205
7 582
-
-
total
10 205
7 582
-
-
Income
93 500
93 500
93 500
93 500
Total tax
27 389
25 308
30 654
29 845
After tax
66 111
68 192
62 846
63 655
Living cost
16 286
16 286
16 286
16 286
Free-cash
49 825
51 906
46 560
47 369

Estimated living cost  is ₴16286 per week

₴11133
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1272
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43386
₴43192
₴44878
₴55447
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

13 461
5 357
78 243
-
unemployment
202
80
1 174
-
health
942
375
5 477
-
pensions
1 346
536
7 824
-
income
1 646
655
9 565
-
total
4 136
1 646
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.

13 461
5 357
78 243
-
pensions
2 625
1 045
15 257
-
total
2 625
1 045
15 257
-
Corporate
77 414
87 098
-
-
income
6 967
7 839
-
-
total
6 967
7 839
-
-
Dividends
70 446
79 259
-
-
withholding
13 385
15 059
-
-
social contributions
13 676
15 394
-
-
total
27 061
30 453
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 789
40 983
39 297
28 728
After tax
52 711
52 517
54 203
64 772
Living cost
9 325
9 325
9 325
9 325
Free-cash
43 386
43 192
44 878
55 447

Estimated living cost  is ₴9325 per week

₴6364
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴763
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴186
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59553
₴62672
₴41764
₴37988
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
income
-
-
-
12 529
pensions
-
-
-
18 700
health
-
-
-
12 155
total
-
-
-
43 384
Employee
14 244
-
69 880
-
unemployment
228
-
1 118
-
pensions
285
-
1 398
-
income
1 604
-
13 472
-
total
2 117
-
15 988
-
Employer
14 244
-
69 880
-
pensions
2 849
-
13 976
-
unemployment
114
-
559
-
health
1 851
-
9 085
-
total
4 814
-
23 620
-
Corporate
74 441
93 500
-
-
income
14 888
18 700
-
-
total
14 888
18 700
-
-
Dividends
59 553
74 800
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
21 819
18 700
39 608
43 384
After tax
71 681
74 800
53 892
50 116
Living cost
12 128
12 128
12 128
12 128
Free-cash
59 553
62 672
41 764
37 988

Estimated living cost  is ₴12128 per week

₴8318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴722
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5845
-₴3685
₴39648
₴52647
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
26 031
pensions
-
-
-
2 129
accident
-
-
-
129
health
-
-
-
1 116
total
-
-
-
29 595
Employee
17 710
-
84 385
-
health
2 028
-
9 662
-
pensions
1 994
-
3 904
-
income
2 430
-
19 914
-
total
6 452
-
33 480
-
Employer
17 710
-
84 385
-
accident
296
-
1 409
-
pensions
2 880
-
5 638
-
unemployment
434
-
2 067
-
total
3 610
-
9 114
-
Corporate
72 181
93 500
-
-
income

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

64 963
84 150
-
-
total
64 963
84 150
-
-
Dividends
7 218
9 350
-
-
withholding
1 372
1 777
-
-
total
1 372
1 777
-
-
Income
93 500
93 500
93 500
93 500
Total tax
76 397
85 927
42 594
29 595
After tax
17 103
7 573
50 906
63 905
Living cost
11 258
11 258
11 258
11 258
Free-cash
5 845
-3 685
39 648
52 647

Estimated living cost  is ₴11258 per week

₴8251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and 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

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
₴83978
₴84743
₴70718
₴88483
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 103
-
93 500
-
income
1 020
-
18 700
-
total
1 020
-
18 700
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

88 397
93 500
-
-
total
-
-
-
-
Dividends
88 397
93 500
-
-
withholding
4 420
4 675
-
-
total
4 420
4 675
-
-
Income
93 500
93 500
93 500
93 500
Total tax
5 440
4 675
18 700
935
After tax
88 060
88 825
74 800
92 565
Living cost
4 082
4 082
4 082
4 082
Free-cash
83 978
84 743
70 718
88 483

Estimated living cost  is ₴4082 per week

₴2530
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴339
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴112
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51923
₴55316
₴39493
₴39886
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 627
income
-
-
-
14 923
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.

-
-
-
18 325
health
-
-
-
3 360
total
-
-
-
40 235
Employee
18 231
-
74 680
-
unemployment
182
-
747
-
health
255
-
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.

1 276
-
5 227
-
income
3 139
-
14 790
-
total
4 852
-
21 809
-
Employer
18 231
-
74 680
-
other
912
-
3 734
-
accident
146
-
597
-
pensions

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

3 100
-
12 696
-
unemployment
182
-
747
-
health
255
-
1 045
-
total
4 595
-
18 819
-
Corporate
70 674
93 500
-
-
income
14 842
19 635
-
-
total
14 842
19 635
-
-
Dividends
55 832
73 865
-
-
withholding
3 909
5 170
-
-
total
3 909
5 170
-
-
Income
93 500
93 500
93 500
93 500
Total tax
28 198
24 805
40 628
40 235
After tax
65 302
68 695
52 872
53 265
Living cost
13 379
13 379
13 379
13 379
Free-cash
51 923
55 316
39 493
39 886

Estimated living cost  is ₴13379 per week

₴9453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴903
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30428
₴27583
₴20183
₴28607
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
income
-
-
-
27 456
pensions
-
-
-
4 561
total
-
-
-
32 017
Employee
46 514
-
81 614
-
health
766
-
1 156
-
pensions
4 487
-
5 559
-
income
8 385
-
21 840
-
total
13 638
-
28 555
-
Employer
46 514
-
81 614
-
pensions
5 492
-
10 336
-
health
883
-
1 550
-
total
6 375
-
11 886
-
Corporate
40 610
93 500
-
-
income

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

7 716
17 765
-
-
total
7 716
17 765
-
-
Dividends
32 895
75 735
-
-
withholding
2 467
15 276
-
-
total
2 467
15 276
-
-
Income
93 500
93 500
93 500
93 500
Total tax
30 196
33 041
40 441
32 017
After tax
63 304
60 459
53 059
61 483
Living cost
32 876
32 876
32 876
32 876
Free-cash
30 428
27 583
20 183
28 607

Estimated living cost  is ₴32876 per week

₴24634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3863
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.
₴4112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴71027
₴73360
₴71930
₴68209
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
70
income
-
-
-
14 025
pensions

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

-
-
-
2 596
health
-
-
-
2 017
total
-
-
-
18 708
Employee
8 717
-
90 059
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
health
401
-
807
-
pensions

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

765
-
1 540
-
income
872
-
9 006
-
total
2 134
-
11 546
-
Employer
8 717
-
90 059
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
pensions

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

961
-
1 933
-
unemployment
52
-
105
-
health
602
-
1 210
-
total
1 711
-
3 441
-
Corporate
83 072
93 500
-
-
income
8 307
9 350
-
-
total
8 307
9 350
-
-
Dividends
74 765
84 150
-
-
withholding
3 738
4 207
-
-
total
3 738
4 207
-
-
Income
93 500
93 500
93 500
93 500
Total tax
15 890
13 557
14 987
18 708
After tax
77 610
79 943
78 513
74 792
Living cost
6 583
6 583
6 583
6 583
Free-cash
71 027
73 360
71 930
68 209

Estimated living cost  is ₴6583 per week

₴3844
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴470
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2095
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19785
₴18523
₴31122
₴23424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
income
-
-
-
30 158
pensions
-
-
-
5 883
health
-
-
-
6 192
total
-
-
-
42 233
Employee
46 552
42 878
84 169
-
health
5 808
5 598
6 192
-
pensions
5 883
5 883
5 883
-
income

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

7 019
7 019
13 129
-
total
18 710
18 500
25 204
-
Employer
46 552
42 878
84 169
-
pensions
3 240
2 984
3 709
-
unemployment
1 676
1 544
1 918
-
health
3 235
2 981
3 704
-
total
8 151
7 509
9 331
-
Corporate
38 797
43 113
-
-
income
7 759
8 622
-
-
total
7 759
8 622
-
-
Dividends
31 038
34 491
-
-
withholding
4 656
5 174
-
-
income
6 596
7 329
-
-
total
11 252
12 503
-
-
Income
93 500
93 500
93 500
93 500
Total tax
45 872
47 134
34 535
42 233
After tax
47 628
46 366
58 965
51 267
Living cost
27 843
27 843
27 843
27 843
Free-cash
19 785
18 523
31 122
23 424

Estimated living cost  is ₴27843 per week

₴20539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4498
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47414
₴51874
₴36776
₴40865
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 989
income
-
-
-
9 433
health
-
-
-
12 622
solidarity contribution
-
-
-
90
total
-
-
-
40 134
Employee
18 384
-
71 650
-
solidarity contribution
-
-
-
-
health
2 482
-
9 673
-
social contributions
1 195
-
4 004
-
income
2 206
-
8 696
-
total
5 883
-
22 373
-
Employer
18 384
-
71 650
-
social contributions
4 596
-
15 401
-
health
1 655
-
6 449
-
total
6 251
-
21 850
-
Corporate
68 865
93 500
-
-
income
13 084
17 765
-
-
total
13 084
17 765
-
-
Dividends
55 781
75 735
-
-
withholding
8 367
11 360
-
-
total
8 367
11 360
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 585
29 125
44 223
40 134
After tax
59 915
64 375
49 277
53 366
Living cost
12 501
12 501
12 501
12 501
Free-cash
47 414
51 874
36 776
40 865

Estimated living cost  is ₴12501 per week

₴8683
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴889
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.
₴2683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26078
₴28698
₴18980
₴23205
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
regional
-
-
-
1 108
social contributions
-
-
-
24 048
municipal
-
-
-
556
national
-
-
-
23 396
total
-
-
-
49 108
Employee
44 625
-
93 500
-
national
7 732
-
20 330
-
regional
421
-
980
-
municipal
236
-
495
-
social contributions
15 047
-
31 528
-
total
23 436
-
53 333
-
Employer
44 625
-
93 500
-
total
-
-
-
-
Corporate
48 875
93 500
-
-
nationa
11 730
22 440
-
-
municipal
1 906
3 647
-
-
total
13 636
26 087
-
-
Dividends
35 240
67 414
-
-
withholding
9 163
17 528
-
-
total
9 163
17 528
-
-
Income
93 500
93 500
93 500
93 500
Total tax
46 235
43 615
53 333
49 108
After tax
47 265
49 885
40 167
44 392
Living cost
21 187
21 187
21 187
21 187
Free-cash
26 078
28 698
18 980
23 205

Estimated living cost  is ₴21187 per week

₴14769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4703
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46169
₴47732
₴30029
₴33099
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
114
income
-
-
-
26 800
pensions
-
-
-
13 403
health
-
-
-
4 758
surtax
-
-
-
4 246
total
-
-
-
49 321
Employee
16 605
-
79 394
-
surtax
54
-
3 646
-
unemployment
1 156
-
4 664
-
other
-
-
-
-
health
424
-
1 708
-
pensions
1 107
-
4 470
-
income
2 783
-
23 797
-
total
5 524
-
38 285
-
Employer
16 605
-
79 394
-
other
-
-
-
-
pensions
2 213
-
8 933
-
unemployment
526
-
2 124
-
health
756
-
3 049
-
total
3 495
-
14 106
-
Corporate
73 400
93 500
-
-
income
19 084
24 310
-
-
total
19 084
24 310
-
-
Dividends
54 317
69 190
-
-
withholding
8 148
10 378
-
-
total
8 148
10 378
-
-
Income
93 500
93 500
93 500
93 500
Total tax
36 251
34 688
52 391
49 321
After tax
57 249
58 812
41 109
44 179
Living cost
11 080
11 080
11 080
11 080
Free-cash
46 169
47 732
30 029
33 099

Estimated living cost  is ₴11080 per week

₴6775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1022
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3027
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41246
₴37999
₴30599
₴39023
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
income
-
-
-
27 456
pensions
-
-
-
4 561
total
-
-
-
32 017
Employee
31 173
-
81 614
-
health
453
-
1 156
-
pensions
2 646
-
5 559
-
income
5 614
-
21 840
-
total
8 713
-
28 555
-
Employer
31 173
-
81 614
-
pensions
3 374
-
10 336
-
health
592
-
1 550
-
total
3 966
-
11 886
-
Corporate
58 361
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.

11 089
17 765
-
-
total
11 089
17 765
-
-
Dividends
47 272
75 735
-
-
withholding
6 026
15 276
-
-
total
6 026
15 276
-
-
Income
93 500
93 500
93 500
93 500
Total tax
29 794
33 041
40 441
32 017
After tax
63 706
60 459
53 059
61 483
Living cost
22 460
22 460
22 460
22 460
Free-cash
41 246
37 999
30 599
39 023

Estimated living cost  is ₴22460 per week

₴16827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1683
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3714
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴20097
₴3154
₴31618
₴35850
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other

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

-
-
-
1 870
city
-
-
-
986
regional
-
-
-
4 703
pensions
-
-
-
8 602
national
-
-
-
1 677
health
-
-
-
211
total
-
-
-
18 049
Employee
46 343
-
83 687
-
national
219
-
1 223
-
unemployment
-
-
-
-
city
497
-
899
-
regional
1 518
-
4 049
-
health
105
-
188
-
pensions
3 893
-
7 030
-
total
6 232
-
13 389
-
Employer
46 343
-
83 687
-
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.

927
-
1 674
-
pensions
3 893
-
7 030
-
unemployment
-
-
-
-
health
105
-
188
-
total
4 925
-
8 892
-
Corporate
41 723
93 500
-
-
regional
8 824
19 775
-
-
national
3 547
7 948
-
-
total
12 371
27 723
-
-
Dividends
29 352
65 777
-
-
withholding
10 274
23 022
-
-
total
10 274
23 022
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 802
50 745
22 281
18 049
After tax
59 698
42 755
71 219
75 451
Living cost
39 601
39 601
39 601
39 601
Free-cash
20 097
3 154
31 618
35 850

Estimated living cost  is ₴39601 per week

₴25752
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3554
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9809
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴31329
₴23185
₴35985
₴23953
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
93 500
trade
-
-
-
12 032
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.

-
-
-
29 462
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.

-
-
-
3 430
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.

-
-
-
1 621
total
-
-
-
46 545
Employee

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

30 176
-
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.

195
-
1 621
-
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.

3 430
-
3 430
-
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.

3 548
-
29 462
-
total
7 173
-
34 513
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 324
93 500
-
-
trade
10 860
16 036
-
-
income
9 499
14 025
-
-
surtax

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

522
772
-
-
chamber of commerce
166
208
-
-
total
21 047
31 041
-
-
Dividends
42 277
62 460
-
-
withholding
10 378
15 424
-
-
surtax

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

571
848
-
-
total
10 949
16 272
-
-
Income
93 500
93 500
93 500
93 500
Total tax
39 169
47 313
34 513
46 545
After tax
54 331
46 187
58 987
46 955
Living cost
23 002
23 002
23 002
23 002
Free-cash
31 329
23 185
35 985
23 953

Estimated living cost  is ₴23002 per week

₴16800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1840
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.
₴4064
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32911
₴29945
₴33628
₴35428
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
15 027
pensions
-
-
-
16 191
health
-
-
-
4 112
surtax
-
-
-
-
total
-
-
-
40 893
Employee
21 490
-
72 167
-
surtax
-
-
-
-
pensions
2 430
-
5 099
-
social contributions
613
-
2 056
-
income
1 268
-
14 210
-
total
4 311
-
21 365
-
Employer
21 490
-
72 167
-
other
741
-
2 849
-
pensions
3 530
-
8 568
-
unemployment
870
-
2 922
-
social contributions
65
-
216
-
health
1 505
-
6 773
-
total
6 711
-
21 328
-
Corporate
65 299
93 500
-
-
income
18 283
26 180
-
-
surtax
-
-
-
-
total
18 283
26 180
-
-
Dividends
47 016
67 320
-
-
withholding
6 018
8 617
-
-
social contributions
8 087
11 579
-
-
surtax
-
-
-
-
total
14 105
20 196
-
-
Income
93 500
93 500
93 500
93 500
Total tax
43 410
46 376
42 693
40 893
After tax
50 090
47 124
50 807
52 607
Living cost
17 179
17 179
17 179
17 179
Free-cash
32 911
29 945
33 628
35 428

Estimated living cost  is ₴17179 per week

₴10832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
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.
₴4659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴34437
₴31647
₴35330
₴37130
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
15 027
pensions
-
-
-
16 191
health
-
-
-
4 112
surtax
-
-
-
-
total
-
-
-
40 893
Employee
19 183
-
72 167
-
surtax
-
-
-
-
pensions
2 170
-
5 099
-
social contributions
547
-
2 056
-
income
989
-
14 210
-
total
3 706
-
21 365
-
Employer
19 183
-
72 167
-
other
662
-
2 849
-
pensions
3 152
-
8 568
-
unemployment
777
-
2 922
-
social contributions
57
-
216
-
health
1 343
-
6 773
-
total
5 991
-
21 328
-
Corporate
68 327
93 500
-
-
income
19 131
26 180
-
-
surtax
-
-
-
-
total
19 131
26 180
-
-
Dividends
49 195
67 320
-
-
withholding
6 297
8 617
-
-
social contributions
8 461
11 579
-
-
surtax
-
-
-
-
total
14 758
20 196
-
-
Income
93 500
93 500
93 500
93 500
Total tax
43 586
46 376
42 693
40 893
After tax
49 914
47 124
50 807
52 607
Living cost
15 477
15 477
15 477
15 477
Free-cash
34 437
31 647
35 330
37 130

Estimated living cost  is ₴15477 per week

₴8976
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46656
₴46396
₴47323
₴49399
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
12 903
income
-
-
-
14 025
health
-
-
-
6 526
total
-
-
-
33 454
Employee
17 025
-
93 500
-
health
1 188
-
6 526
-
social contributions
2 350
-
12 903
-
income
2 840
-
16 101
-
total
6 378
-
35 530
-
Employer
17 025
-
93 500
-
total
-
-
-
-
Corporate
76 475
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%.

3 824
4 675
-
-
total
3 824
4 675
-
-
Dividends
72 652
88 825
-
-
health
5 071
6 200
-
-
withholding
10 898
13 324
-
-
social contributions
10 026
12 258
-
-
total
25 995
31 782
-
-
Income
93 500
93 500
93 500
93 500
Total tax
36 197
36 457
35 530
33 454
After tax
57 303
57 043
57 970
60 046
Living cost
10 647
10 647
10 647
10 647
Free-cash
46 656
46 396
47 323
49 399

Estimated living cost  is ₴10647 per week

₴7125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴657
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.
₴2619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33214
₴33992
₴7024
₴30309
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
chamber of commerce
-
-
-
374
unemployment
-
-
-
3 080
income
-
-
-
26 606
pensions
-
-
-
10 852
health
-
-
-
4 487
surtax
-
-
-
99
total
-
-
-
45 498
Employee
25 093
20 010
75 304
-
unemployment
753
600
1 760
-
other
251
200
587
-
health
971
775
2 270
-
pensions
2 570
2 049
6 007
-
income
2 857
1 476
21 614
-
total
7 402
5 100
32 238
-
Employer
25 093
20 010
75 304
-
payroll
753
600
2 259
-
other
1 192
950
3 435
-
accident
326
260
762
-
pensions
3 149
2 512
7 362
-
unemployment
753
600
1 760
-
chamber of commerce
100
80
301
-
surtax
99
99
99
-
health
948
757
2 217
-
total
7 320
5 858
18 195
-
Corporate
61 087
67 632
73 399
-
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.

15 271
16 908
18 350
-
total
15 271
16 908
18 350
-
Dividends
45 815
50 723
-
-
withholding
12 600
13 949
-
-
total
12 600
13 949
-
-
Income
93 500
93 500
93 500
93 500
Total tax
42 593
41 815
68 783
45 498
After tax
50 907
51 685
24 717
48 002
Living cost
17 693
17 693
17 693
17 693
Free-cash
33 214
33 992
7 024
30 309

Estimated living cost  is ₴17693 per week

₴11800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1509
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26440
₴33973
₴14327
₴22261
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 518
national
-
-
-
35 554
communal

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

-
-
-
4 859
total
-
-
-
52 931
Employee

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

35 916
-
72 419
-
national
11 042
-
26 541
-
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.

313
-
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.

1 688
-
3 404
-
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.

2 694
-
5 431
-
communal

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

1 873
-
3 777
-
total
17 610
-
39 783
-
Employer

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

35 916
-
72 419
-
accident

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

467
-
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.

3 183
-
6 417
-
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.

524
-
1 058
-
surtax
4 073
-
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.

2 209
-
4 454
-
total
10 456
-
21 082
-
Corporate
47 129
93 500
-
-
income
9 426
18 700
-
-
surtax
189
374
-
-
total
9 615
19 074
-
-
Dividends
37 514
74 427
-
-
withholding

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

11 071
22 145
-
-
total
11 071
22 145
-
-
Income
93 500
93 500
93 500
93 500
Total tax
48 752
41 219
60 865
52 931
After tax
44 748
52 281
32 635
40 569
Living cost
18 308
18 308
18 308
18 308
Free-cash
26 440
33 973
14 327
22 261

Estimated living cost  is ₴18308 per week

₴11793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1601
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.
₴4628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40689
₴44130
₴32175
₴34282
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
27 123
pensions
-
-
-
13 170
accident
-
-
-
419
total
-
-
-
41 085
Employee
24 994
-
78 663
-
unemployment
388
-
721
-
other
25
-
47
-
pensions
1 175
-
2 188
-
income
5 274
-
25 399
-
total
6 862
-
28 355
-
Employer
24 994
-
78 663
-
other
199
-
373
-
accident
495
-
921
-
pensions
5 898
-
10 984
-
unemployment
1 375
-
2 559
-
total
7 967
-
14 837
-
Corporate
60 539
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.

9 081
14 025
-
-
total
9 081
14 025
-
-
Dividends
51 458
79 475
-
-
withholding
10 768
17 212
-
-
total
10 768
17 212
-
-
Income
93 500
93 500
93 500
93 500
Total tax
34 678
31 237
43 192
41 085
After tax
58 822
62 263
50 308
52 415
Living cost
18 133
18 133
18 133
18 133
Free-cash
40 689
44 130
32 175
34 282

Estimated living cost  is ₴18133 per week

₴13353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1286
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.
₴3232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20461
₴27052
₴22102
₴18372
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
income
-
-
-
15 922
pensions
-
-
-
14 015
accident
-
-
-
788
communal
-
-
-
5 910
health
-
-
-
6 570
surtax
-
-
-
4 636
total
-
-
-
47 841
Employee
38 025
-
83 520
-
surtax
2 331
-
5 119
-
health
1 692
-
3 716
-
pensions
3 042
-
6 681
-
income
3 673
-
18 615
-
total
10 738
-
34 131
-
Employer
38 025
-
83 520
-
accident
342
-
752
-
pensions
3 042
-
6 681
-
health
1 160
-
2 547
-
total
4 544
-
9 980
-
Corporate
50 932
93 500
-
-
income
7 640
14 025
-
-
communal
3 438
6 312
-
-
surtax
535
981
-
-
total
11 613
21 318
-
-
Dividends
39 320
72 182
-
-
withholding
5 898
10 827
-
-
income
12 959
7 016
-
-
total
18 857
17 843
-
-
Income
93 500
93 500
93 500
93 500
Total tax
45 752
39 161
44 111
47 841
After tax
47 748
54 339
49 389
45 659
Living cost
27 287
27 287
27 287
27 287
Free-cash
20 461
27 052
22 102
18 372

Estimated living cost  is ₴27287 per week

₴20469
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1653
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45936
₴47534
₴29831
₴32901
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
114
income
-
-
-
26 800
pensions
-
-
-
13 403
health
-
-
-
4 758
surtax
-
-
-
4 246
total
-
-
-
49 321
Employee
16 909
-
79 394
-
surtax
60
-
3 646
-
unemployment
1 177
-
4 664
-
other
-
-
-
-
health
432
-
1 708
-
pensions
1 128
-
4 470
-
income
2 835
-
23 797
-
total
5 632
-
38 285
-
Employer
16 909
-
79 394
-
other
-
-
-
-
pensions
2 254
-
8 933
-
unemployment
536
-
2 124
-
health
769
-
3 049
-
total
3 559
-
14 106
-
Corporate
73 031
93 500
-
-
income
18 988
24 310
-
-
total
18 988
24 310
-
-
Dividends
54 043
69 190
-
-
withholding
8 107
10 378
-
-
total
8 107
10 378
-
-
Income
93 500
93 500
93 500
93 500
Total tax
36 286
34 688
52 391
49 321
After tax
57 214
58 812
41 109
44 179
Living cost
11 278
11 278
11 278
11 278
Free-cash
45 936
47 534
29 831
32 901

Estimated living cost  is ₴11278 per week

₴6809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴980
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3227
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34505
₴35619
₴26363
₴30564
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
regional
-
-
-
1 410
social contributions
-
-
-
24 048
municipal
-
-
-
556
national
-
-
-
23 396
total
-
-
-
49 410
Employee
27 853
-
93 500
-
national
4 413
-
20 330
-
regional
375
-
1 258
-
municipal
148
-
495
-
social contributions
9 392
-
31 528
-
total
14 328
-
53 611
-
Employer
27 853
-
93 500
-
total
-
-
-
-
Corporate
65 647
93 500
-
-
nationa
15 755
22 440
-
-
municipal
3 263
4 647
-
-
total
19 018
27 087
-
-
Dividends
46 629
66 413
-
-
withholding
12 123
17 268
-
-
total
12 123
17 268
-
-
Income
93 500
93 500
93 500
93 500
Total tax
45 469
44 355
53 611
49 410
After tax
48 031
49 145
39 889
44 090
Living cost
13 526
13 526
13 526
13 526
Free-cash
34 505
35 619
26 363
30 564

Estimated living cost  is ₴13526 per week

₴8412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3512
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43474
₴48970
₴33872
₴37961
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 989
income
-
-
-
9 433
health
-
-
-
12 622
solidarity contribution
-
-
-
90
total
-
-
-
40 134
Employee
22 654
-
71 650
-
solidarity contribution
-
-
-
-
health
3 058
-
9 673
-
social contributions
1 473
-
4 004
-
income
2 718
-
8 696
-
total
7 249
-
22 373
-
Employer
22 654
-
71 650
-
social contributions
5 664
-
15 401
-
health
2 039
-
6 449
-
total
7 703
-
21 850
-
Corporate
63 144
93 500
-
-
income
11 997
17 765
-
-
total
11 997
17 765
-
-
Dividends
51 146
75 735
-
-
withholding
7 672
11 360
-
-
total
7 672
11 360
-
-
Income
93 500
93 500
93 500
93 500
Total tax
34 621
29 125
44 223
40 134
After tax
58 879
64 375
49 277
53 366
Living cost
15 405
15 405
15 405
15 405
Free-cash
43 474
48 970
33 872
37 961

Estimated living cost  is ₴15405 per week

₴11456
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴853
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.
₴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 Prague model

Close
Graz , Austria
₴35473
₴35719
₴8723
₴32082
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
chamber of commerce
-
-
-
374
unemployment
-
-
-
3 080
income
-
-
-
26 606
pensions
-
-
-
10 852
health
-
-
-
4 487
surtax
-
-
-
-
total
-
-
-
45 399
Employee
21 949
20 010
75 396
-
unemployment
658
600
1 760
-
other
219
200
587
-
health
849
775
2 270
-
pensions
2 248
2 049
6 007
-
income
1 955
1 476
21 657
-
total
5 929
5 100
32 281
-
Employer
21 949
20 010
75 396
-
payroll
658
600
2 262
-
other
1 042
950
3 439
-
accident
285
260
762
-
pensions
2 755
2 512
7 362
-
unemployment
658
600
1 760
-
chamber of commerce
88
80
302
-
surtax
-
-
-
-
health
830
757
2 217
-
total
6 316
5 759
18 104
-
Corporate
65 235
67 731
73 490
-
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.

16 309
16 933
18 373
-
total
16 309
16 933
18 373
-
Dividends
48 926
50 798
-
-
withholding
13 454
13 970
-
-
total
13 454
13 970
-
-
Income
93 500
93 500
93 500
93 500
Total tax
42 008
41 762
68 758
45 399
After tax
51 492
51 738
24 742
48 101
Living cost
16 019
16 019
16 019
16 019
Free-cash
35 473
35 719
8 723
32 082

Estimated living cost  is ₴16019 per week

₴9610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴81270
₴82463
₴68438
₴86203
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 952
-
93 500
-
income
1 591
-
18 700
-
total
1 591
-
18 700
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

85 548
93 500
-
-
total
-
-
-
-
Dividends
85 548
93 500
-
-
withholding
4 277
4 675
-
-
total
4 277
4 675
-
-
Income
93 500
93 500
93 500
93 500
Total tax
5 868
4 675
18 700
935
After tax
87 632
88 825
74 800
92 565
Living cost
6 362
6 362
6 362
6 362
Free-cash
81 270
82 463
68 438
86 203

Estimated living cost  is ₴6362 per week

₴4305
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴267
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46708
₴50907
₴29465
₴31942
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
93 500
unemployment
-
-
-
140
income
-
-
-
21 675
pensions
-
-
-
17 075
health
-
-
-
9 200
total
-
-
-
48 090
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.

22 204
-
80 903
-
unemployment
31
-
113
-
health
1 434
-
5 226
-
pensions
3 442
-
12 540
-
income
3 829
-
20 091
-
total
8 736
-
37 970
-
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.

22 204
-
80 903
-
pensions
1 965
-
7 160
-
unemployment
13
-
49
-
health
1 479
-
5 388
-
total
3 457
-
12 597
-
Corporate
67 839
93 500
-
-
income
12 889
17 765
-
-
total
12 889
17 765
-
-
Dividends
54 950
75 735
-
-
withholding
8 242
11 360
-
-
total
8 242
11 360
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 324
29 125
50 567
48 090
After tax
60 176
64 375
42 933
45 410
Living cost
13 468
13 468
13 468
13 468
Free-cash
46 708
50 907
29 465
31 942

Estimated living cost  is ₴13468 per week

₴9243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴863
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.
₴3102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11891
₴35483
₴65572
₴43214
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 688
-
-
-
social contributions
2 516
-
359
-
income
6 769
-
-
-
total
9 285
-
359
-
Employer
30 688
-
-
-
social contributions
43 269
-
6 167
-
total
43 269
-
6 167
-
Corporate
19 543
93 500
-
-
income
4 299
20 570
-
-
total
4 299
20 570
-
-
Dividends
15 244
72 930
-
-
income
3 354
16 045
-
-
total
3 354
16 045
-
-
Income
93 500
93 500
93 500
93 500
Total tax
60 207
36 615
6 526
28 884
After tax
33 293
56 885
86 974
64 616
Living cost
21 402
21 402
21 402
21 402
Free-cash
11 891
35 483
65 572
43 214

Estimated living cost  is ₴21402 per week

₴13886
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5230
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36929
₴37432
₴26911
₴34000
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
11 259
surtax
-
-
-
-
total
-
-
-
43 750
Employee
23 093
-
75 556
-
surtax
-
-
-
-
social contributions
2 540
-
8 311
-
income
4 803
-
24 584
-
total
7 343
-
32 895
-
Employer
23 093
-
75 556
-
social contributions
5 485
-
17 944
-
total
5 485
-
17 944
-
Corporate
64 922
93 500
-
-
income
13 633
19 635
-
-
surtax
-
-
-
-
total
13 633
19 635
-
-
Dividends
51 289
73 865
-
-
withholding
14 360
20 683
-
-
total
14 360
20 683
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 821
40 318
50 839
43 750
After tax
52 679
53 182
42 661
49 750
Living cost
15 750
15 750
15 750
15 750
Free-cash
36 929
37 432
26 911
34 000

Estimated living cost  is ₴15750 per week

₴11784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴929
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.
₴2774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴26325
₴22873
₴26556
₴28356
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
15 027
pensions
-
-
-
16 191
health
-
-
-
4 112
surtax
-
-
-
-
total
-
-
-
40 893
Employee
31 448
-
72 167
-
surtax
-
-
-
-
pensions
3 557
-
5 099
-
social contributions
896
-
2 056
-
income
2 744
-
14 210
-
total
7 197
-
21 365
-
Employer
31 448
-
72 167
-
other
1 085
-
2 849
-
pensions
5 167
-
8 568
-
unemployment
1 274
-
2 922
-
social contributions
94
-
216
-
health
2 201
-
6 773
-
total
9 821
-
21 328
-
Corporate
52 230
93 500
-
-
income
14 624
26 180
-
-
surtax
-
-
-
-
total
14 624
26 180
-
-
Dividends
37 605
67 320
-
-
withholding
4 814
8 617
-
-
social contributions
6 468
11 579
-
-
surtax
-
-
-
-
total
11 282
20 196
-
-
Income
93 500
93 500
93 500
93 500
Total tax
42 924
46 376
42 693
40 893
After tax
50 576
47 124
50 807
52 607
Living cost
24 251
24 251
24 251
24 251
Free-cash
26 325
22 873
26 556
28 356

Estimated living cost  is ₴24251 per week

₴16413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1984
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67370
₴69057
₴56077
₴53593
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
income
-
-
-
4 244
social contributions
-
-
-
20 570
total
-
-
-
24 814
Employee
16 142
-
80 953
-
social contributions
1 049
-
5 263
-
income
-
-
4 520
-
total
1 049
-
9 783
-
Employer
16 142
-
80 953
-
social contributions
2 502
-
12 547
-
total
2 502
-
12 547
-
Corporate
74 855
93 500
-
-
income
7 486
9 350
-
-
total
7 486
9 350
-
-
Dividends
67 370
84 150
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
11 037
9 350
22 330
24 814
After tax
82 463
84 150
71 170
68 686
Living cost
15 093
15 093
15 093
15 093
Free-cash
67 370
69 057
56 077
53 593

Estimated living cost  is ₴15093 per week

₴9759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1138
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15738
-₴15738
-₴15738
₴30699
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
435
municipal
-
-
-
19 630
labour market
-
-
-
7 445
national
-
-
-
11 145
total
-
-
-
38 655
Employee
101 915
101 915
101 915
-
national
12 451
12 451
12 451
-
municipal
21 702
21 702
21 702
-
labour market
8 142
8 142
8 142
-
pensions
145
145
145
-
total
42 440
42 440
42 440
-
Employer
101 915
101 915
101 915
-
municipal
21 737
21 737
21 737
-
pensions
290
290
290
-
national
12 472
12 472
12 472
-
labour market
8 153
8 153
8 153
-
total
42 652
42 652
42 652
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
85 092
85 092
85 092
38 655
After tax
8 408
8 408
8 408
54 845
Living cost
24 146
24 146
24 146
24 146
Free-cash
-15 738
-15 738
-15 738
30 699

Estimated living cost  is ₴24146 per week

₴16526
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5873
-₴3519
₴39814
₴52813
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
26 031
pensions
-
-
-
2 129
accident
-
-
-
129
health
-
-
-
1 116
total
-
-
-
29 595
Employee
17 449
-
84 385
-
health
1 998
-
9 662
-
pensions
1 965
-
3 904
-
income
2 394
-
19 914
-
total
6 357
-
33 480
-
Employer
17 449
-
84 385
-
accident
291
-
1 409
-
pensions
2 837
-
5 638
-
unemployment
428
-
2 067
-
total
3 556
-
9 114
-
Corporate
72 495
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.

65 245
84 150
-
-
total
65 245
84 150
-
-
Dividends
7 250
9 350
-
-
withholding
1 377
1 777
-
-
total
1 377
1 777
-
-
Income
93 500
93 500
93 500
93 500
Total tax
76 535
85 927
42 594
29 595
After tax
16 965
7 573
50 906
63 905
Living cost
11 092
11 092
11 092
11 092
Free-cash
5 873
-3 519
39 814
52 813

Estimated living cost  is ₴11092 per week

₴8074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴632
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40382
₴38998
₴29450
₴40296
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
93 500
municipal
-
-
-
16 608
national
-
-
-
16 089
health
-
-
-
1 230
total
-
-
-
33 927
Employee
26 417
-
78 656
-
national
436
-
9 628
-
unemployment
396
-
1 180
-
health
197
-
1 001
-
municipal
4 327
-
12 810
-
pensions
1 783
-
5 309
-
total
7 139
-
29 928
-
Employer
26 417
-
78 656
-
accident
27
-
79
-
pensions
4 583
-
13 647
-
unemployment
172
-
512
-
health
203
-
606
-
total
4 985
-
14 844
-
Corporate
62 098
93 500
-
-
income
12 420
18 700
-
-
total
12 420
18 700
-
-
Dividends

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

37 259
56 100
-
-
municipal
6 706
10 098
-
-
national
2 591
6 427
-
-
total
9 297
16 525
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 841
35 225
44 772
33 927
After tax
59 659
58 275
48 728
59 573
Living cost
19 278
19 278
19 278
19 278
Free-cash
40 382
38 998
29 450
40 296

Estimated living cost  is ₴19278 per week

₴12592
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1854
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4525
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53835
₴56567
₴51221
₴52030
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 124
income
-
-
-
19 337
health
-
-
-
2 384
total
-
-
-
29 845
Employee
38 610
38 610
87 558
-
health
299
657
1 488
-
social contributions
1 460
3 204
4 322
-
income
4 204
3 574
18 902
-
total
5 963
7 435
24 712
-
Employer
38 610
38 610
87 558
-
social contributions
1 460
3 204
4 322
-
health
325
715
1 620
-
total
1 785
3 919
5 942
-
Corporate
74 127
50 971
-
-
income
9 266
6 372
-
-
total
9 266
6 372
-
-
Dividends
64 861
44 599
-
-
withholding
11 026
7 582
-
-
total
11 026
7 582
-
-
Income
93 500
93 500
93 500
93 500
Total tax
28 040
25 308
30 654
29 845
After tax
65 460
68 192
62 846
63 655
Living cost
11 625
11 625
11 625
11 625
Free-cash
53 835
56 567
51 221
52 030

Estimated living cost  is ₴11625 per week

₴6967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1141
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3261
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66901
₴69455
₴60877
₴70949
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14
income
-
-
-
9 554
pensions
-
-
-
3 194
health
-
-
-
1 817
total
-
-
-
14 579
Employee

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

11 525
-
88 593
-
unemployment
57
-
238
-
health
980
-
4 050
-
pensions
1 728
-
7 146
-
income
788
-
8 310
-
total
3 553
-
19 744
-
Employer

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

11 525
-
88 593
-
pensions
634
-
2 620
-
unemployment
57
-
238
-
health
495
-
2 049
-
total
1 186
-
4 907
-
Corporate
80 788
93 500
-
-
income
7 271
8 415
-
-
total
7 271
8 415
-
-
Dividends
73 517
85 085
-
-
withholding
6 617
7 658
-
-
total
6 617
7 658
-
-
Income
93 500
93 500
93 500
93 500
Total tax
18 627
16 073
24 651
14 579
After tax
74 873
77 427
68 849
78 921
Living cost
7 972
7 972
7 972
7 972
Free-cash
66 901
69 455
60 877
70 949

Estimated living cost  is ₴7972 per week

₴5086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴575
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.
₴2073
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46238
₴48455
₴36500
₴38607
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
27 123
pensions
-
-
-
13 170
accident
-
-
-
419
total
-
-
-
41 085
Employee
18 566
-
78 663
-
unemployment
288
-
721
-
other
18
-
47
-
pensions
873
-
2 188
-
income
3 579
-
25 399
-
total
4 758
-
28 355
-
Employer
18 566
-
78 663
-
other
149
-
373
-
accident
368
-
921
-
pensions
4 381
-
10 984
-
unemployment
1 021
-
2 559
-
total
5 919
-
14 837
-
Corporate
69 015
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.

10 352
14 025
-
-
total
10 352
14 025
-
-
Dividends
58 663
79 475
-
-
withholding
12 425
17 212
-
-
total
12 425
17 212
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 454
31 237
43 192
41 085
After tax
60 046
62 263
50 308
52 415
Living cost
13 808
13 808
13 808
13 808
Free-cash
46 238
48 455
36 500
38 607

Estimated living cost  is ₴13808 per week

₴9320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1327
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.
₴2919
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57233
₴57390
₴59192
₴59260
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
income
-
-
-
32 085
pensions
-
-
-
696
health
-
-
-
505
total
-
-
-
33 286
Employee
1 453
-
92 717
-
unemployment
15
-
35
-
health
73
-
174
-
pensions
131
-
313
-
income
281
-
32 048
-
total
500
-
32 570
-
Employer
1 453
-
92 717
-
pensions
160
-
383
-
unemployment
29
-
70
-
health
138
-
331
-
total
327
-
784
-
Corporate
91 720
93 500
-
-
income
20 178
20 570
-
-
total
20 178
20 570
-
-
Dividends
71 541
72 930
-
-
withholding
14 308
14 586
-
-
total
14 308
14 586
-
-
Income
93 500
93 500
93 500
93 500
Total tax
35 313
35 156
33 354
33 286
After tax
58 187
58 344
60 146
60 214
Living cost
954
954
954
954
Free-cash
57 233
57 390
59 192
59 260

Estimated living cost  is ₴954 per week

₴567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56419
₴58885
₴49547
₴49546
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
556
income
-
-
-
21 281
pensions
-
-
-
9 632
health
-
-
-
3 816
total
-
-
-
35 285
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.

13 072
-
86 869
-
unemployment
98
-
278
-
health
673
-
1 908
-
pensions
1 830
-
5 186
-
income
1 802
-
21 281
-
total
4 403
-
28 653
-
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.

13 072
-
86 869
-
pensions
1 569
-
4 445
-
unemployment
98
-
278
-
health
673
-
1 908
-
total
2 340
-
6 631
-
Corporate
78 088
93 500
-
-
income
11 713
14 025
-
-
total
11 713
14 025
-
-
Dividends
66 375
79 475
-
-
withholding
9 956
11 921
-
-
total
9 956
11 921
-
-
Income
93 500
93 500
93 500
93 500
Total tax
28 412
25 946
35 284
35 285
After tax
65 088
67 554
58 216
58 215
Living cost
8 669
8 669
8 669
8 669
Free-cash
56 419
58 885
49 547
49 546

Estimated living cost  is ₴8669 per week

₴5837
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.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1911
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39464
₴39645
₴29124
₴36213
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
11 259
surtax
-
-
-
-
total
-
-
-
43 750
Employee
19 488
-
75 556
-
surtax
-
-
-
-
social contributions
2 144
-
8 311
-
income
3 808
-
24 584
-
total
5 952
-
32 895
-
Employer
19 488
-
75 556
-
social contributions
4 628
-
17 944
-
total
4 628
-
17 944
-
Corporate
69 384
93 500
-
-
income
14 571
19 635
-
-
surtax
-
-
-
-
total
14 571
19 635
-
-
Dividends
54 813
73 865
-
-
withholding
15 348
20 683
-
-
total
15 348
20 683
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 499
40 318
50 839
43 750
After tax
53 001
53 182
42 661
49 750
Living cost
13 537
13 537
13 537
13 537
Free-cash
39 464
39 645
29 124
36 213

Estimated living cost  is ₴13537 per week

₴9588
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41332
₴44617
₴32662
₴34768
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
27 123
pensions
-
-
-
13 170
accident
-
-
-
419
total
-
-
-
41 085
Employee
24 250
-
78 663
-
unemployment
375
-
721
-
other
24
-
47
-
pensions
1 140
-
2 188
-
income
5 065
-
25 399
-
total
6 604
-
28 355
-
Employer
24 250
-
78 663
-
other
194
-
373
-
accident
480
-
921
-
pensions
5 723
-
10 984
-
unemployment
1 334
-
2 559
-
total
7 731
-
14 837
-
Corporate
61 519
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.

9 227
14 025
-
-
total
9 227
14 025
-
-
Dividends
52 291
79 475
-
-
withholding
10 960
17 212
-
-
total
10 960
17 212
-
-
Income
93 500
93 500
93 500
93 500
Total tax
34 522
31 237
43 192
41 085
After tax
58 978
62 263
50 308
52 415
Living cost
17 646
17 646
17 646
17 646
Free-cash
41 332
44 617
32 662
34 768

Estimated living cost  is ₴17646 per week

₴12673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68244
₴71305
₴69875
₴66154
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
70
income
-
-
-
14 025
pensions

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

-
-
-
2 596
health
-
-
-
2 017
total
-
-
-
18 708
Employee
11 438
-
90 059
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
health
526
-
807
-
pensions

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

1 004
-
1 540
-
income
1 144
-
9 006
-
total
2 800
-
11 546
-
Employer
11 438
-
90 059
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
pensions

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

1 260
-
1 933
-
unemployment
69
-
105
-
health
789
-
1 210
-
total
2 244
-
3 441
-
Corporate
79 818
93 500
-
-
income
7 982
9 350
-
-
total
7 982
9 350
-
-
Dividends
71 836
84 150
-
-
withholding
3 592
4 207
-
-
total
3 592
4 207
-
-
Income
93 500
93 500
93 500
93 500
Total tax
16 618
13 557
14 987
18 708
After tax
76 882
79 943
78 513
74 792
Living cost
8 638
8 638
8 638
8 638
Free-cash
68 244
71 305
69 875
66 154

Estimated living cost  is ₴8638 per week

₴5713
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴495
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35296
₴28726
₴39602
₴29535
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
93 500
trade
-
-
-
10 067
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.

-
-
-
29 462
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.

-
-
-
3 430
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.

-
-
-
1 621
total
-
-
-
44 580
Employee

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

24 983
-
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.

113
-
1 621
-
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.

3 430
-
3 430
-
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.

2 054
-
29 462
-
total
5 597
-
34 513
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 517
93 500
-
-
trade
9 833
13 417
-
-
income
10 277
14 025
-
-
surtax

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

565
772
-
-
chamber of commerce
176
213
-
-
total
20 851
28 427
-
-
Dividends
47 665
65 073
-
-
withholding
11 726
16 078
-
-
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.

645
884
-
-
total
12 371
16 962
-
-
Income
93 500
93 500
93 500
93 500
Total tax
38 819
45 389
34 513
44 580
After tax
54 681
48 111
58 987
48 920
Living cost
19 385
19 385
19 385
19 385
Free-cash
35 296
28 726
39 602
29 535

Estimated living cost  is ₴19385 per week

₴13372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2086
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37956
₴36847
₴20081
₴20081
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 716
income
-
-
-
29 100
total
-
-
-
44 816
Employee
39 276
-
93 500
-
social contributions
3 263
-
15 716
-
income
7 411
-
29 100
-
total
10 674
-
44 816
-
Employer
39 276
-
93 500
-
total
-
-
-
-
Corporate
54 224
93 500
-
-
income
6 778
11 688
-
-
total
6 778
11 688
-
-
Dividends
47 446
81 812
-
-
withholding
9 489
16 362
-
-
total
9 489
16 362
-
-
Income
93 500
93 500
93 500
93 500
Total tax
26 941
28 050
44 816
44 816
After tax
66 559
65 450
48 684
48 684
Living cost
28 603
28 603
28 603
28 603
Free-cash
37 956
36 847
20 081
20 081

Estimated living cost  is ₴28603 per week

₴21760
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2331
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4238
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
₴41649
₴39895
₴47945
₴57928
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 052
income
-
-
-
14 293
total
-
-
-
17 345
Employee
23 034
-
91 190
-
social contributions
2 308
-
2 310
-
income
2 499
-
22 708
-
total
4 807
-
25 018
-
Employer
23 034
-
91 190
-
social contributions
2 308
-
2 310
-
total
2 308
-
2 310
-
Corporate
68 158
93 500
-
-
income
23 856
32 725
-
-
total
23 856
32 725
-
-
Dividends
44 302
60 775
-
-
social contributions
2 653
2 653
-
-
total
2 653
2 653
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 624
35 378
27 328
17 345
After tax
59 876
58 122
66 172
76 155
Living cost
18 227
18 227
18 227
18 227
Free-cash
41 649
39 895
47 945
57 928

Estimated living cost  is ₴18227 per week

₴12006
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4504
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45112
₴42200
₴34800
₴43224
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
income
-
-
-
27 456
pensions
-
-
-
4 561
total
-
-
-
32 017
Employee
25 063
-
81 614
-
health
327
-
1 156
-
pensions
1 913
-
5 559
-
income
4 564
-
21 840
-
total
6 804
-
28 555
-
Employer
25 063
-
81 614
-
pensions
2 532
-
10 336
-
health
476
-
1 550
-
total
3 008
-
11 886
-
Corporate
65 428
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.

12 431
17 765
-
-
total
12 431
17 765
-
-
Dividends
52 997
75 735
-
-
withholding
7 886
15 276
-
-
total
7 886
15 276
-
-
Income
93 500
93 500
93 500
93 500
Total tax
30 129
33 041
40 441
32 017
After tax
63 371
60 459
53 059
61 483
Living cost
18 259
18 259
18 259
18 259
Free-cash
45 112
42 200
34 800
43 224

Estimated living cost  is ₴18259 per week

₴12526
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1679
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3825
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴5703
-₴4618
₴38715
₴51714
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
26 031
pensions
-
-
-
2 129
accident
-
-
-
129
health
-
-
-
1 116
total
-
-
-
29 595
Employee
19 176
-
84 385
-
health
2 196
-
9 662
-
pensions
2 159
-
3 904
-
income
2 631
-
19 914
-
total
6 986
-
33 480
-
Employer
19 176
-
84 385
-
accident
320
-
1 409
-
pensions
3 118
-
5 638
-
unemployment
470
-
2 067
-
total
3 908
-
9 114
-
Corporate
70 416
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.

63 374
84 150
-
-
total
63 374
84 150
-
-
Dividends
7 042
9 350
-
-
withholding
1 338
1 777
-
-
total
1 338
1 777
-
-
Income
93 500
93 500
93 500
93 500
Total tax
75 606
85 927
42 594
29 595
After tax
17 894
7 573
50 906
63 905
Living cost
12 191
12 191
12 191
12 191
Free-cash
5 703
-4 618
38 715
51 714

Estimated living cost  is ₴12191 per week

₴8946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴710
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.
₴2288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69550
₴64745
₴60185
₴49145
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
964
income
-
-
-
15 492
pensions
-
-
-
14 774
health insurance
-
-
-
5 942
work injury
-
-
-
401
total
-
-
-
37 573
Employee

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

10 851
-
93 500
-
health insurance
803
-
2 971
-
unemployment
130
-
482
-
work injury
54
-
201
-
pensions
1 997
-
7 387
-
income
1 085
-
15 492
-
total
4 069
-
26 533
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
82 649
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%.

826
9 350
-
-
total
826
9 350
-
-
Dividends
81 823
84 150
-
-
withholding
12 273
12 623
-
-
total
12 273
12 623
-
-
Income
93 500
93 500
93 500
93 500
Total tax
17 168
21 973
26 533
37 573
After tax
76 332
71 527
66 967
55 927
Living cost
6 782
6 782
6 782
6 782
Free-cash
69 550
64 745
60 185
49 145

Estimated living cost  is ₴6782 per week

₴4201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴493
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1876
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26963
₴29246
₴19177
₴23281
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
regional
-
-
-
2 147
social contributions
-
-
-
24 048
municipal
-
-
-
625
national
-
-
-
23 396
total
-
-
-
50 216
Employee
42 311
-
93 500
-
national
7 150
-
20 330
-
regional
639
-
1 905
-
municipal
253
-
557
-
social contributions
14 267
-
31 528
-
total
22 309
-
54 320
-
Employer
42 311
-
93 500
-
total
-
-
-
-
Corporate
51 189
93 500
-
-
nationa
12 285
22 440
-
-
municipal
2 467
4 507
-
-
total
14 752
26 947
-
-
Dividends
36 437
66 553
-
-
withholding
9 473
17 304
-
-
total
9 473
17 304
-
-
Income
93 500
93 500
93 500
93 500
Total tax
46 534
44 251
54 320
50 216
After tax
46 966
49 249
39 180
43 284
Living cost
20 003
20 003
20 003
20 003
Free-cash
26 963
29 246
19 177
23 281

Estimated living cost  is ₴20003 per week

₴14051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1376
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4274
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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