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
₴32300
₴43976
₴32839
₴37721
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
29 695
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.

-
-
-
1 633
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.

-
-
-
3 349
trade
-
-
-
11 137
total
-
-
-
45 814
Employee

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

18 749
-
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.

29
-
1 633
-
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.

524
-
29 695
-
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.

3 349
-
3 349
-
total
3 902
-
34 677
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
74 751
93 500
-
-
income
11 213
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.

617
771
-
-
chamber of commerce
181
208
-
-
trade
11 774
14 726
-
-
total
23 785
29 730
-
-
Dividends
50 967
63 769
-
-
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.

690
867
-
-
withholding
12 555
15 756
-
-
total
13 245
16 623
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 932
46 353
34 677
45 814
After tax
52 568
47 147
58 823
47 686
Living cost
14 847
14 847
14 847
14 847
Free-cash
37 721
32 300
43 976
32 839

Estimated living cost  is ₴14847 per week

₴9339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3499
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32390
₴29383
₴28881
₴31957
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
10 266
national
-
-
-
16 174
pensions
-
-
-
11 220
total
-
-
-
38 665
Employee
40 234
-
80 830
-
municipal
4 970
-
10 628
-
pensions
1 609
-
3 233
-
national
7 701
-
16 967
-
total
14 280
-
30 828
-
Employer
40 234
-
80 830
-
pensions
3 219
-
6 466
-
social contributions
433
-
869
-
total
3 652
-
7 335
-
Corporate
46 959
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%.

9 392
18 700
-
-
total
9 392
18 700
-
-
Dividends
37 567
74 800
-
-
withholding
8 265
16 456
-
-
total
8 265
16 456
-
-
Income
93 500
93 500
93 500
93 500
Total tax
35 589
35 156
38 163
38 665
After tax
57 911
58 344
55 337
54 835
Living cost
25 954
25 954
25 954
25 954
Free-cash
31 957
32 390
29 383
28 881

Estimated living cost  is ₴25954 per week

₴17641
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴388
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5512
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64602
₴29570
₴22682
₴60581
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
17 997
surtax
-
-
-
23 842
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.

-
-
-
18 781
microenterprise
-
-
-
-
total
-
-
-
60 620
Employee
14 323
-
71 555
-
surtax
-
-
10 376
-
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.

1 576
-
6 426
-
income
2 550
-
14 986
-
total
4 126
-
31 788
-
Employer
14 323
-
71 555
-
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.

3 450
-
14 073
-
surtax
-
-
7 871
-
total
3 450
-
21 944
-
Corporate
75 726
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%.

15 145
18 700
-
-
total
15 145
18 700
-
-
Dividends

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

60 582
74 800
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
22 721
18 700
53 732
60 620
After tax
70 779
74 800
39 768
32 880
Living cost
10 198
10 198
10 198
10 198
Free-cash
60 581
64 602
29 570
22 682

Estimated living cost  is ₴10198 per week

₴6506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴971
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.
₴2489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25863
₴38658
₴30586
₴22860
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30 591
health
-
-
-
6 045
pensions
-
-
-
5 743
total
-
-
-
42 379
Employee
41 860
41 860
84 390
-
pensions
7 535
5 743
5 743
-
income

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

6 852
6 852
13 410
-
health
6 425
5 465
6 045
-
total
20 812
18 060
25 198
-
Employer
41 860
41 860
84 390
-
health
2 910
2 910
3 616
-
pensions
2 913
2 913
3 621
-
unemployment
1 507
1 507
1 873
-
total
7 330
7 330
9 110
-
Corporate
44 824
44 310
-
-
income
8 964
8 862
-
-
total
8 964
8 862
-
-
Dividends
35 859
35 448
-
-
income
7 620
7 533
-
-
withholding
5 379
5 317
-
-
total
12 999
12 850
-
-
Income
93 500
93 500
93 500
93 500
Total tax
50 105
47 102
34 308
42 379
After tax
43 395
46 398
59 192
51 121
Living cost
20 534
20 534
20 534
20 534
Free-cash
22 860
25 863
38 658
30 586

Estimated living cost  is ₴20534 per week

₴14552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30877
₴27075
₴27564
₴30424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
accident
-
-
-
88
other
-
-
-
5 138
unemployment
-
-
-
44
health
-
-
-
2 759
municipal
-
-
-
24 062
national
-
-
-
8 891
pensions
-
-
-
4 780
total
-
-
-
45 762
Employee
28 746
-
79 608
-
municipal
8 572
-
23 739
-
national
-
-
8 620
-
total
8 572
-
32 359
-
Employer
28 746
-
79 608
-
health
1 768
-
2 719
-
pensions
3 107
-
4 780
-
accident
58
-
88
-
unemployment
759
-
1 167
-
other
3 340
-
5 138
-
total
9 032
-
13 892
-
Corporate
55 722
93 500
-
-
income
12 259
20 570
-
-
total
12 259
20 570
-
-
Dividends
43 463
72 930
-
-
withholding
13 039
21 879
-
-
total
13 039
21 879
-
-
Income
93 500
93 500
93 500
93 500
Total tax
42 902
42 449
46 251
45 762
After tax
50 598
51 051
47 249
47 738
Living cost
20 174
20 174
20 174
20 174
Free-cash
30 424
30 877
27 075
27 564

Estimated living cost  is ₴20174 per week

₴13371
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1980
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27410
₴39567
₴27936
₴34295
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
29 695
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.

-
-
-
1 633
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.

-
-
-
3 349
trade
-
-
-
11 631
total
-
-
-
46 308
Employee

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

24 858
-
93 500
-
surtax

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

117
-
1 633
-
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.

2 136
-
29 695
-
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.

3 349
-
3 349
-
total
5 602
-
34 677
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 642
93 500
-
-
income
10 297
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.

567
771
-
-
chamber of commerce
172
207
-
-
trade
11 292
15 381
-
-
total
22 328
30 384
-
-
Dividends
46 315
63 115
-
-
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.

627
858
-
-
withholding
11 392
15 592
-
-
total
12 019
16 450
-
-
Income
93 500
93 500
93 500
93 500
Total tax
39 949
46 834
34 677
46 308
After tax
53 551
46 666
58 823
47 192
Living cost
19 256
19 256
19 256
19 256
Free-cash
34 295
27 410
39 567
27 936

Estimated living cost  is ₴19256 per week

₴12879
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
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.
₴4059
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52287
₴46849
₴47650
₴50254
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 636
social contributions
-
-
-
7 931
health
-
-
-
2 384
total
-
-
-
29 951
Employee
37 693
37 693
87 659
-
social contributions
1 832
3 128
4 219
-
income
3 958
3 489
19 203
-
health
375
641
1 490
-
total
6 165
7 258
24 912
-
Employer
37 693
37 693
87 659
-
health
408
698
1 621
-
social contributions
1 832
3 128
4 219
-
total
2 240
3 826
5 840
-
Corporate
69 196
51 981
-
-
income
8 649
6 498
-
-
total
8 649
6 498
-
-
Dividends
60 547
45 484
-
-
withholding
10 293
7 732
-
-
total
10 293
7 732
-
-
Income
93 500
93 500
93 500
93 500
Total tax
27 347
25 314
30 752
29 951
After tax
66 153
68 186
62 748
63 549
Living cost
15 899
15 899
15 899
15 899
Free-cash
50 254
52 287
46 849
47 650

Estimated living cost  is ₴15899 per week

₴10869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1242
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.
₴3522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43538
₴45231
₴55801
₴43725
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 430
unemployment
-
-
-
1 402
health
-
-
-
6 545
pensions
-
-
-
9 350
total
-
-
-
28 727
Employee

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

The minimum wage is 138,000 HUF per month.

12 951
5 154
78 243
-
unemployment
194
77
1 174
-
pensions
1 295
515
7 824
-
income
1 583
630
9 565
-
health
907
361
5 477
-
total
3 979
1 583
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.

12 951
5 154
78 243
-
pensions
2 526
1 005
15 257
-
total
2 526
1 005
15 257
-
Corporate
78 023
87 340
-
-
income
7 022
7 861
-
-
total
7 022
7 861
-
-
Dividends
71 001
79 480
-
-
social contributions
13 786
15 440
-
-
withholding
13 490
15 101
-
-
total
27 276
30 541
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 803
40 990
39 297
28 727
After tax
52 697
52 510
54 203
64 773
Living cost
8 972
8 972
8 972
8 972
Free-cash
43 725
43 538
45 231
55 801

Estimated living cost  is ₴8972 per week

₴6123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴62960
₴42053
₴38276
₴59916
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
12 155
pensions
-
-
-
18 700
total
-
-
-
43 384
Employee
13 906
-
69 880
-
unemployment
222
-
1 118
-
pensions
278
-
1 397
-
income
1 566
-
13 473
-
total
2 066
-
15 988
-
Employer
13 906
-
69 880
-
health
1 807
-
9 084
-
pensions
2 781
-
13 976
-
unemployment
112
-
559
-
total
4 700
-
23 619
-
Corporate
74 894
93 500
-
-
income
14 978
18 700
-
-
total
14 978
18 700
-
-
Dividends
59 916
74 800
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
21 744
18 700
39 607
43 384
After tax
71 756
74 800
53 893
50 116
Living cost
11 840
11 840
11 840
11 840
Free-cash
59 916
62 960
42 053
38 276

Estimated living cost  is ₴11840 per week

₴8121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴705
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3336
₴40093
₴52985
₴5901
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
accident
-
-
-
125
income
-
-
-
26 151
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 063
total
-
-
-
29 605
Employee
17 162
-
84 553
-
pensions
1 933
-
3 784
-
income
2 354
-
20 085
-
health
1 965
-
9 681
-
total
6 252
-
33 550
-
Employer
17 162
-
84 553
-
pensions
2 791
-
5 464
-
accident
286
-
1 412
-
unemployment
420
-
2 071
-
total
3 497
-
8 947
-
Corporate
72 840
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.

65 556
84 150
-
-
total
65 556
84 150
-
-
Dividends
7 284
9 350
-
-
withholding
1 384
1 776
-
-
total
1 384
1 776
-
-
Income
93 500
93 500
93 500
93 500
Total tax
76 689
85 926
42 497
29 605
After tax
16 811
7 574
51 003
63 895
Living cost
10 910
10 910
10 910
10 910
Free-cash
5 901
-3 336
40 093
52 985

Estimated living cost  is ₴10910 per week

₴7996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴604
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.
₴2082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴84816
₴70791
₴88556
₴84064
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 011
-
93 500
-
income
1 002
-
18 700
-
total
1 002
-
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%.

88 489
93 500
-
-
total
-
-
-
-
Dividends
88 489
93 500
-
-
withholding
4 425
4 675
-
-
total
4 425
4 675
-
-
Income
93 500
93 500
93 500
93 500
Total tax
5 427
4 675
18 700
935
After tax
88 073
88 825
74 800
92 565
Living cost
4 009
4 009
4 009
4 009
Free-cash
84 064
84 816
70 791
88 556

Estimated living cost  is ₴4009 per week

₴2484
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55634
₴39794
₴40606
₴52323
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 123
other
-
-
-
3 540
health
-
-
-
3 280
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.

-
-
-
17 890
total
-
-
-
39 833
Employee
17 798
-
74 714
-
unemployment
178
-
745
-
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.

1 246
-
5 218
-
income
3 064
-
14 853
-
health
249
-
1 044
-
total
4 737
-
21 860
-
Employer
17 798
-
74 714
-
health
249
-
1 044
-
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.

3 026
-
12 672
-
accident
142
-
598
-
unemployment
178
-
745
-
other
890
-
3 726
-
total
4 485
-
18 785
-
Corporate
71 216
93 500
-
-
income
14 955
19 635
-
-
total
14 955
19 635
-
-
Dividends
56 261
73 865
-
-
withholding
3 939
5 170
-
-
total
3 939
5 170
-
-
Income
93 500
93 500
93 500
93 500
Total tax
28 116
24 805
40 645
39 833
After tax
65 384
68 695
52 855
53 667
Living cost
13 061
13 061
13 061
13 061
Free-cash
52 323
55 634
39 794
40 606

Estimated living cost  is ₴13061 per week

₴9229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴882
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2740
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27757
₴20381
₴28802
₴30720
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 524
pensions
-
-
-
4 542
total
-
-
-
32 066
Employee
46 170
-
81 608
-
pensions
4 454
-
5 530
-
income
8 323
-
21 910
-
health
761
-
1 154
-
total
13 538
-
28 594
-
Employer
46 170
-
81 608
-
health
877
-
1 551
-
pensions
5 451
-
10 342
-
total
6 328
-
11 893
-
Corporate
41 002
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.

7 791
17 765
-
-
total
7 791
17 765
-
-
Dividends
33 211
75 735
-
-
withholding
2 491
15 346
-
-
total
2 491
15 346
-
-
Income
93 500
93 500
93 500
93 500
Total tax
30 148
33 111
40 487
32 066
After tax
63 352
60 389
53 013
61 434
Living cost
32 632
32 632
32 632
32 632
Free-cash
30 720
27 757
20 381
28 802

Estimated living cost  is ₴32632 per week

₴24452
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴73519
₴72227
₴68483
₴71244
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 025
unemployment
-
-
-
68
health
-
-
-
1 968
pensions

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

-
-
-
2 533
total
-
-
-
18 594
Employee
8 505
-
90 143
-
accident

We are using the highest rate at 1.1%.

94
-
188
-
pensions

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

747
-
1 503
-
income
850
-
9 014
-
health
391
-
787
-
total
2 082
-
11 492
-
Employer
8 505
-
90 143
-
health
587
-
1 181
-
pensions

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

937
-
1 886
-
accident

We are using the highest rate at 1.1%.

94
-
188
-
unemployment
51
-
103
-
total
1 669
-
3 358
-
Corporate
83 326
93 500
-
-
income
8 333
9 350
-
-
total
8 333
9 350
-
-
Dividends
74 993
84 150
-
-
withholding
3 749
4 208
-
-
total
3 749
4 208
-
-
Income
93 500
93 500
93 500
93 500
Total tax
15 833
13 558
14 850
18 594
After tax
77 667
79 942
78 650
74 906
Living cost
6 423
6 423
6 423
6 423
Free-cash
71 244
73 519
72 227
68 483

Estimated living cost  is ₴6423 per week

₴3750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴459
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴170
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2044
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19217
₴32011
₴23940
₴20449
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30 591
health
-
-
-
6 045
pensions
-
-
-
5 743
total
-
-
-
42 379
Employee
45 446
41 860
84 390
-
pensions
5 743
5 743
5 743
-
income

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

6 852
6 852
13 410
-
health
5 670
5 465
6 045
-
total
18 265
18 060
25 198
-
Employer
45 446
41 860
84 390
-
health
3 158
2 910
3 616
-
pensions
3 163
2 913
3 621
-
unemployment
1 636
1 507
1 873
-
total
7 957
7 330
9 110
-
Corporate
40 097
44 310
-
-
income
8 019
8 862
-
-
total
8 019
8 862
-
-
Dividends
32 077
35 448
-
-
income
6 817
7 533
-
-
withholding
4 812
5 317
-
-
total
11 629
12 850
-
-
Income
93 500
93 500
93 500
93 500
Total tax
45 870
47 102
34 308
42 379
After tax
47 630
46 398
59 192
51 121
Living cost
27 181
27 181
27 181
27 181
Free-cash
20 449
19 217
32 011
23 940

Estimated living cost  is ₴27181 per week

₴20051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4392
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52195
₴37451
₴41435
₴47850
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 503
social contributions
-
-
-
17 527
solidarity contribution
-
-
-
233
health
-
-
-
12 622
total
-
-
-
39 885
Employee
17 912
-
72 013
-
solidarity contribution
-
-
-
-
social contributions
1 164
-
3 902
-
income
2 149
-
8 758
-
health
2 418
-
9 722
-
total
5 731
-
22 382
-
Employer
17 912
-
72 013
-
health
1 612
-
6 481
-
social contributions
4 478
-
15 006
-
total
6 090
-
21 487
-
Corporate
69 498
93 500
-
-
income
13 205
17 765
-
-
total
13 205
17 765
-
-
Dividends
56 293
75 735
-
-
withholding
8 444
11 360
-
-
total
8 444
11 360
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 470
29 125
43 869
39 885
After tax
60 030
64 375
49 631
53 615
Living cost
12 180
12 180
12 180
12 180
Free-cash
47 850
52 195
37 451
41 435

Estimated living cost  is ₴12180 per week

₴8460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴866
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.
₴2614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29202
₴19359
₴23584
₴26641
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
24 048
regional
-
-
-
1 111
municipal
-
-
-
555
national
-
-
-
23 518
total
-
-
-
49 232
Employee
43 564
-
93 500
-
municipal
231
-
496
-
national
7 549
-
20 451
-
regional
411
-
982
-
social contributions
14 690
-
31 528
-
total
22 881
-
53 457
-
Employer
43 564
-
93 500
-
total
-
-
-
-
Corporate
49 936
93 500
-
-
municipal
1 948
3 646
-
-
nationa
11 985
22 440
-
-
total
13 933
26 086
-
-
Dividends
36 003
67 414
-
-
withholding
9 361
17 528
-
-
total
9 361
17 528
-
-
Income
93 500
93 500
93 500
93 500
Total tax
46 175
43 614
53 457
49 232
After tax
47 325
49 886
40 043
44 268
Living cost
20 684
20 684
20 684
20 684
Free-cash
26 641
29 202
19 359
23 584

Estimated living cost  is ₴20684 per week

₴14418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1356
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4592
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47995
₴30337
₴33334
₴46469
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 163
other
-
-
-
-
surtax
-
-
-
4 345
unemployment
-
-
-
112
health
-
-
-
4 645
pensions
-
-
-
13 084
total
-
-
-
49 349
Employee
16 210
-
79 729
-
other
-
-
-
-
unemployment
1 128
-
4 553
-
pensions
1 081
-
4 364
-
surtax
53
-
3 759
-
income
2 717
-
24 231
-
health
414
-
1 668
-
total
5 393
-
38 575
-
Employer
16 210
-
79 729
-
health
738
-
2 977
-
pensions
2 161
-
8 721
-
unemployment
513
-
2 073
-
other
-
-
-
-
total
3 412
-
13 771
-
Corporate
73 878
93 500
-
-
income
19 208
24 310
-
-
total
19 208
24 310
-
-
Dividends
54 670
69 190
-
-
withholding
8 201
10 378
-
-
total
8 201
10 378
-
-
Income
93 500
93 500
93 500
93 500
Total tax
36 214
34 688
52 346
49 349
After tax
57 286
58 812
41 154
44 151
Living cost
10 817
10 817
10 817
10 817
Free-cash
46 469
47 995
30 337
33 334

Estimated living cost  is ₴10817 per week

₴6614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴998
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.
₴2955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38095
₴30719
₴39140
₴41320
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 524
pensions
-
-
-
4 542
total
-
-
-
32 066
Employee
30 942
-
81 608
-
pensions
2 626
-
5 530
-
income
5 573
-
21 910
-
health
449
-
1 154
-
total
8 648
-
28 594
-
Employer
30 942
-
81 608
-
health
588
-
1 551
-
pensions
3 349
-
10 342
-
total
3 937
-
11 893
-
Corporate
58 621
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.

11 138
17 765
-
-
total
11 138
17 765
-
-
Dividends
47 483
75 735
-
-
withholding
6 163
15 346
-
-
total
6 163
15 346
-
-
Income
93 500
93 500
93 500
93 500
Total tax
29 886
33 111
40 487
32 066
After tax
63 614
60 389
53 013
61 434
Living cost
22 294
22 294
22 294
22 294
Free-cash
41 320
38 095
30 719
39 140

Estimated living cost  is ₴22294 per week

₴16702
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1671
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3687
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4020
₴32354
₴36573
₴20595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
4 764
health
-
-
-
210
city
-
-
-
986
national
-
-
-
1 759
pensions
-
-
-
8 602
total
-
-
-
18 191
Employee
45 331
-
83 688
-
unemployment
-
-
-
-
pensions
3 808
-
7 030
-
national
215
-
1 293
-
regional
1 484
-
4 109
-
city
487
-
899
-
health
102
-
188
-
total
6 096
-
13 519
-
Employer
45 331
-
83 688
-
health
102
-
188
-
pensions
3 808
-
7 030
-
unemployment
-
-
-
-
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.

906
-
1 673
-
total
4 816
-
8 891
-
Corporate
42 853
93 500
-
-
regional
9 063
19 775
-
-
national
3 642
7 947
-
-
total
12 705
27 722
-
-
Dividends
30 147
65 777
-
-
withholding
10 552
23 022
-
-
total
10 552
23 022
-
-
Income
93 500
93 500
93 500
93 500
Total tax
34 169
50 744
22 410
18 191
After tax
59 331
42 756
71 090
75 309
Living cost
38 736
38 736
38 736
38 736
Free-cash
20 595
4 020
32 354
36 573

Estimated living cost  is ₴38736 per week

₴25190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴23730
₴36367
₴24241
₴31677
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
29 695
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.

-
-
-
1 633
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.

-
-
-
3 349
trade
-
-
-
12 126
total
-
-
-
46 803
Employee

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

29 459
-
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.

191
-
1 633
-
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.

3 464
-
29 695
-
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.

3 349
-
3 349
-
total
7 004
-
34 677
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
64 041
93 500
-
-
income
9 606
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.

528
771
-
-
chamber of commerce
165
206
-
-
trade
10 983
16 035
-
-
total
21 282
31 037
-
-
Dividends
42 758
62 463
-
-
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.

578
848
-
-
withholding
10 503
15 429
-
-
total
11 081
16 277
-
-
Income
93 500
93 500
93 500
93 500
Total tax
39 367
47 314
34 677
46 803
After tax
54 133
46 186
58 823
46 697
Living cost
22 456
22 456
22 456
22 456
Free-cash
31 677
23 730
36 367
24 241

Estimated living cost  is ₴22456 per week

₴16401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1796
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30353
₴33797
₴35801
₴33249
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 197
other
-
-
-
2 899
surtax
-
-
-
-
social contributions
-
-
-
2 664
health
-
-
-
4 177
pensions
-
-
-
15 991
total
-
-
-
40 928
Employee
20 979
-
72 052
-
pensions
2 372
-
5 139
-
surtax
-
-
-
-
social contributions
598
-
2 053
-
income
1 238
-
14 292
-
total
4 208
-
21 484
-
Employer
20 979
-
72 052
-
health
1 469
-
6 820
-
pensions
3 446
-
8 629
-
unemployment
849
-
2 918
-
social contributions
63
-
216
-
other
724
-
2 865
-
total
6 551
-
21 448
-
Corporate
65 969
93 500
-
-
income
18 471
26 180
-
-
surtax
-
-
-
-
total
18 471
26 180
-
-
Dividends
47 498
67 320
-
-
surtax
-
-
-
-
social contributions
8 170
11 579
-
-
withholding
6 080
8 617
-
-
total
14 250
20 196
-
-
Income
93 500
93 500
93 500
93 500
Total tax
43 480
46 376
42 932
40 928
After tax
50 020
47 124
50 568
52 572
Living cost
16 771
16 771
16 771
16 771
Free-cash
33 249
30 353
33 797
35 801

Estimated living cost  is ₴16771 per week

₴10575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
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.
₴4548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32015
₴35459
₴37463
₴34738
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 197
other
-
-
-
2 899
surtax
-
-
-
-
social contributions
-
-
-
2 664
health
-
-
-
4 177
pensions
-
-
-
15 991
total
-
-
-
40 928
Employee
18 727
-
72 052
-
pensions
2 118
-
5 139
-
surtax
-
-
-
-
social contributions
534
-
2 053
-
income
966
-
14 292
-
total
3 618
-
21 484
-
Employer
18 727
-
72 052
-
health
1 311
-
6 820
-
pensions
3 077
-
8 629
-
unemployment
758
-
2 918
-
social contributions
56
-
216
-
other
646
-
2 865
-
total
5 848
-
21 448
-
Corporate
68 925
93 500
-
-
income
19 299
26 180
-
-
surtax
-
-
-
-
total
19 299
26 180
-
-
Dividends
49 626
67 320
-
-
surtax
-
-
-
-
social contributions
8 536
11 579
-
-
withholding
6 352
8 617
-
-
total
14 888
20 196
-
-
Income
93 500
93 500
93 500
93 500
Total tax
43 653
46 376
42 932
40 928
After tax
49 847
47 124
50 568
52 572
Living cost
15 109
15 109
15 109
15 109
Free-cash
34 738
32 015
35 459
37 463

Estimated living cost  is ₴15109 per week

₴8763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1535
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.
₴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

Source of data for Marseille model

Close
Vilnius , Lithuania
₴46651
₴47514
₴49652
₴46904
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 025
social contributions
-
-
-
12 903
health
-
-
-
6 526
total
-
-
-
33 454
Employee
16 620
-
93 500
-
social contributions
2 294
-
12 903
-
income
2 772
-
16 163
-
health
1 160
-
6 526
-
total
6 226
-
35 592
-
Employer
16 620
-
93 500
-
total
-
-
-
-
Corporate
76 880
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%.

3 844
4 675
-
-
total
3 844
4 675
-
-
Dividends
73 036
88 825
-
-
social contributions
10 079
12 257
-
-
withholding
10 955
13 323
-
-
health
5 098
6 200
-
-
total
26 132
31 780
-
-
Income
93 500
93 500
93 500
93 500
Total tax
36 202
36 455
35 592
33 454
After tax
57 298
57 045
57 908
60 046
Living cost
10 394
10 394
10 394
10 394
Free-cash
46 904
46 651
47 514
49 652

Estimated living cost  is ₴10394 per week

₴6956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34393
₴7417
₴30737
₴33633
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 040
surtax
-
-
-
97
unemployment
-
-
-
3 006
chamber of commerce
-
-
-
374
health
-
-
-
4 380
pensions
-
-
-
10 594
total
-
-
-
45 491
Employee
24 497
19 535
75 585
-
other
245
195
573
-
unemployment
735
586
1 718
-
pensions
2 509
2 000
5 864
-
income
2 789
1 441
22 094
-
health
948
756
2 216
-
total
7 226
4 978
32 465
-
Employer
24 497
19 535
75 585
-
chamber of commerce
98
78
302
-
health
926
739
2 165
-
pensions
3 074
2 452
7 187
-
accident
318
254
744
-
unemployment
735
586
1 718
-
surtax
97
97
97
-
payroll
735
586
2 268
-
other
1 164
927
3 434
-
total
7 147
5 719
17 915
-
Corporate
61 857
68 247
73 725
-
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.

15 464
17 062
18 431
-
total
15 464
17 062
18 431
-
Dividends
46 393
51 184
-
-
withholding
12 758
14 076
-
-
total
12 758
14 076
-
-
Income
93 500
93 500
93 500
93 500
Total tax
42 595
41 835
68 811
45 491
After tax
50 905
51 665
24 689
48 009
Living cost
17 272
17 272
17 272
17 272
Free-cash
33 633
34 393
7 417
30 737

Estimated living cost  is ₴17272 per week

₴11520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1473
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.
₴3995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34373
₴14644
₴22709
₴27051
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
communal

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

-
-
-
4 877
social contributions
-
-
-
12 221
national
-
-
-
35 820
total
-
-
-
52 918
Employee

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

35 063
-
72 418
-
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.

305
-
630
-
communal

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

1 829
-
3 778
-
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.

2 630
-
5 432
-
national
10 780
-
26 657
-
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.

1 647
-
3 404
-
total
17 191
-
39 901
-
Employer

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

35 063
-
72 418
-
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.

2 156
-
4 453
-
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.

3 107
-
6 417
-
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.

456
-
942
-
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.

512
-
1 058
-
surtax
3 976
-
8 212
-
total
10 207
-
21 082
-
Corporate
48 231
93 500
-
-
income
9 646
18 743
-
-
surtax
193
375
-
-
total
9 839
19 118
-
-
Dividends
38 392
74 382
-
-
withholding

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

11 339
22 136
-
-
total
11 339
22 136
-
-
Income
93 500
93 500
93 500
93 500
Total tax
48 576
41 254
60 983
52 918
After tax
44 924
52 246
32 517
40 582
Living cost
17 873
17 873
17 873
17 873
Free-cash
27 051
34 373
14 644
22 709

Estimated living cost  is ₴17873 per week

₴11512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44534
₴32630
₴34689
₴41177
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
accident
-
-
-
409
income
-
-
-
27 478
other
-
-
-
46
unemployment
-
-
-
318
pensions
-
-
-
12 857
total
-
-
-
41 108
Employee
24 400
-
79 016
-
other
24
-
46
-
unemployment
379
-
704
-
pensions
1 147
-
2 136
-
income
5 148
-
25 795
-
total
6 698
-
28 681
-
Employer
24 400
-
79 016
-
pensions
5 758
-
10 723
-
accident
483
-
900
-
unemployment
1 342
-
2 499
-
other
194
-
364
-
total
7 777
-
14 486
-
Corporate
61 322
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.

9 198
14 025
-
-
total
9 198
14 025
-
-
Dividends
52 124
79 475
-
-
withholding
10 947
17 238
-
-
total
10 947
17 238
-
-
Income
93 500
93 500
93 500
93 500
Total tax
34 620
31 263
43 167
41 108
After tax
58 880
62 237
50 333
52 392
Living cost
17 703
17 703
17 703
17 703
Free-cash
41 177
44 534
32 630
34 689

Estimated living cost  is ₴17703 per week

₴13036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1256
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.
₴3155
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27536
₴22513
₴18786
₴21042
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
communal
-
-
-
5 910
accident
-
-
-
788
income
-
-
-
16 158
surtax
-
-
-
4 635
health
-
-
-
6 569
pensions
-
-
-
14 015
total
-
-
-
48 075
Employee
37 121
-
83 520
-
pensions
2 969
-
6 682
-
surtax
2 275
-
5 119
-
income
3 586
-
18 850
-
health
1 652
-
3 716
-
total
10 482
-
34 367
-
Employer
37 121
-
83 520
-
health
1 132
-
2 547
-
pensions
2 969
-
6 682
-
accident
334
-
752
-
total
4 435
-
9 981
-
Corporate
51 944
93 500
-
-
communal
3 506
6 312
-
-
income
7 791
14 025
-
-
surtax
545
981
-
-
total
11 842
21 318
-
-
Dividends
40 101
72 182
-
-
income
13 045
7 179
-
-
withholding
6 015
10 828
-
-
total
19 060
18 007
-
-
Income
93 500
93 500
93 500
93 500
Total tax
45 819
39 325
44 348
48 075
After tax
47 681
54 175
49 152
45 425
Living cost
26 639
26 639
26 639
26 639
Free-cash
21 042
27 536
22 513
18 786

Estimated living cost  is ₴26639 per week

₴19983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴47802
₴30144
₴33141
₴46242
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 163
other
-
-
-
-
surtax
-
-
-
4 345
unemployment
-
-
-
112
health
-
-
-
4 645
pensions
-
-
-
13 084
total
-
-
-
49 349
Employee
16 508
-
79 729
-
other
-
-
-
-
unemployment
1 149
-
4 553
-
pensions
1 101
-
4 364
-
surtax
59
-
3 759
-
income
2 767
-
24 231
-
health
421
-
1 668
-
total
5 497
-
38 575
-
Employer
16 508
-
79 729
-
health
751
-
2 977
-
pensions
2 201
-
8 721
-
unemployment
524
-
2 073
-
other
-
-
-
-
total
3 476
-
13 771
-
Corporate
73 517
93 500
-
-
income
19 114
24 310
-
-
total
19 114
24 310
-
-
Dividends
54 403
69 190
-
-
withholding
8 161
10 378
-
-
total
8 161
10 378
-
-
Income
93 500
93 500
93 500
93 500
Total tax
36 248
34 688
52 346
49 349
After tax
57 252
58 812
41 154
44 151
Living cost
11 010
11 010
11 010
11 010
Free-cash
46 242
47 802
30 144
33 141

Estimated living cost  is ₴11010 per week

₴6647
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴957
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3151
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35941
₴26563
₴30765
₴34854
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
24 048
regional
-
-
-
1 410
municipal
-
-
-
555
national
-
-
-
23 518
total
-
-
-
49 531
Employee
27 191
-
93 500
-
municipal
144
-
496
-
national
4 308
-
20 451
-
regional
366
-
1 258
-
social contributions
9 169
-
31 528
-
total
13 987
-
53 733
-
Employer
27 191
-
93 500
-
total
-
-
-
-
Corporate
66 309
93 500
-
-
municipal
3 296
4 647
-
-
nationa
15 914
22 440
-
-
total
19 210
27 087
-
-
Dividends
47 099
66 413
-
-
withholding
12 245
17 268
-
-
total
12 245
17 268
-
-
Income
93 500
93 500
93 500
93 500
Total tax
45 442
44 355
53 733
49 531
After tax
48 058
49 145
39 767
43 969
Living cost
13 204
13 204
13 204
13 204
Free-cash
34 854
35 941
26 563
30 765

Estimated living cost  is ₴13204 per week

₴8212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1338
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49366
₴34622
₴38606
₴44011
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 503
social contributions
-
-
-
17 527
solidarity contribution
-
-
-
233
health
-
-
-
12 622
total
-
-
-
39 885
Employee
22 072
-
72 013
-
solidarity contribution
-
-
-
-
social contributions
1 435
-
3 902
-
income
2 649
-
8 758
-
health
2 980
-
9 722
-
total
7 064
-
22 382
-
Employer
22 072
-
72 013
-
health
1 986
-
6 481
-
social contributions
5 518
-
15 006
-
total
7 504
-
21 487
-
Corporate
63 923
93 500
-
-
income
12 145
17 765
-
-
total
12 145
17 765
-
-
Dividends
51 778
75 735
-
-
withholding
7 767
11 360
-
-
total
7 767
11 360
-
-
Income
93 500
93 500
93 500
93 500
Total tax
34 480
29 125
43 869
39 885
After tax
59 020
64 375
49 631
53 615
Living cost
15 009
15 009
15 009
15 009
Free-cash
44 011
49 366
34 622
38 606

Estimated living cost  is ₴15009 per week

₴11162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴831
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36079
₴9074
₴32467
₴35835
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 040
surtax
-
-
-
-
unemployment
-
-
-
3 006
chamber of commerce
-
-
-
374
health
-
-
-
4 380
pensions
-
-
-
10 594
total
-
-
-
45 394
Employee
21 427
19 535
75 675
-
other
214
195
573
-
unemployment
643
586
1 718
-
pensions
2 194
2 000
5 864
-
income
1 909
1 441
22 137
-
health
829
756
2 216
-
total
5 789
4 978
32 508
-
Employer
21 427
19 535
75 675
-
chamber of commerce
86
78
302
-
health
810
739
2 165
-
pensions
2 689
2 452
7 187
-
accident
278
254
744
-
unemployment
643
586
1 718
-
surtax
-
-
-
-
payroll
643
586
2 271
-
other
1 018
927
3 438
-
total
6 167
5 622
17 825
-
Corporate
65 906
68 343
73 815
-
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.

16 477
17 086
18 454
-
total
16 477
17 086
18 454
-
Dividends
49 429
51 257
-
-
withholding
13 593
14 096
-
-
total
13 593
14 096
-
-
Income
93 500
93 500
93 500
93 500
Total tax
42 026
41 782
68 787
45 394
After tax
51 474
51 718
24 713
48 106
Living cost
15 639
15 639
15 639
15 639
Free-cash
35 835
36 079
9 074
32 467

Estimated living cost  is ₴15639 per week

₴9381
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1597
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.
₴4381
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴82578
₴68553
₴86318
₴81406
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 808
-
93 500
-
income
1 562
-
18 700
-
total
1 562
-
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%.

85 692
93 500
-
-
total
-
-
-
-
Dividends
85 692
93 500
-
-
withholding
4 285
4 675
-
-
total
4 285
4 675
-
-
Income
93 500
93 500
93 500
93 500
Total tax
5 847
4 675
18 700
935
After tax
87 653
88 825
74 800
92 565
Living cost
6 247
6 247
6 247
6 247
Free-cash
81 406
82 578
68 553
86 318

Estimated living cost  is ₴6247 per week

₴4227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51227
₴29679
₴32031
₴47127
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
21 905
unemployment
-
-
-
140
health
-
-
-
9 201
pensions
-
-
-
17 075
total
-
-
-
48 321
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.

21 676
-
80 904
-
unemployment
31
-
113
-
pensions
3 360
-
12 540
-
income
3 738
-
20 197
-
health
1 400
-
5 227
-
total
8 529
-
38 077
-
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.

21 676
-
80 904
-
health
1 444
-
5 388
-
pensions
1 918
-
7 160
-
unemployment
13
-
48
-
total
3 375
-
12 596
-
Corporate
68 449
93 500
-
-
income
13 005
17 765
-
-
total
13 005
17 765
-
-
Dividends
55 444
75 735
-
-
withholding
8 316
11 360
-
-
total
8 316
11 360
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 225
29 125
50 673
48 321
After tax
60 275
64 375
42 827
45 179
Living cost
13 148
13 148
13 148
13 148
Free-cash
47 127
51 227
29 679
32 031

Estimated living cost  is ₴13148 per week

₴9023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴843
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.
₴3028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35386
₴65447
₴43117
₴11686
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 225
social contributions
-
-
-
10 659
total
-
-
-
28 884
Employee
30 826
-
-
-
social contributions
2 528
-
360
-
income
6 800
-
-
-
total
9 328
-
360
-
Employer
30 826
-
-
-
social contributions
43 465
-
6 194
-
total
43 465
-
6 194
-
Corporate
19 210
93 500
-
-
income
4 226
20 570
-
-
total
4 226
20 570
-
-
Dividends
14 983
72 930
-
-
income
3 296
16 045
-
-
total
3 296
16 045
-
-
Income
93 500
93 500
93 500
93 500
Total tax
60 315
36 615
6 554
28 884
After tax
33 185
56 885
86 946
64 616
Living cost
21 499
21 499
21 499
21 499
Free-cash
11 686
35 386
65 447
43 117

Estimated living cost  is ₴21499 per week

₴13949
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2022
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5253
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37808
₴27150
₴34239
₴37316
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
11 394
surtax
-
-
-
-
social contributions

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

-
-
-
32 492
total
-
-
-
43 886
Employee
22 545
-
75 555
-
surtax
-
-
-
-
social contributions
2 480
-
8 311
-
income
4 689
-
24 719
-
total
7 169
-
33 030
-
Employer
22 545
-
75 555
-
social contributions
5 354
-
17 945
-
total
5 354
-
17 945
-
Corporate
65 601
93 500
-
-
income
13 776
19 635
-
-
surtax
-
-
-
-
total
13 776
19 635
-
-
Dividends
51 825
73 865
-
-
withholding
14 510
20 682
-
-
total
14 510
20 682
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 809
40 317
50 975
43 886
After tax
52 691
53 183
42 525
49 614
Living cost
15 375
15 375
15 375
15 375
Free-cash
37 316
37 808
27 150
34 239

Estimated living cost  is ₴15375 per week

₴11504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴907
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.
₴2708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23449
₴26893
₴28897
₴26817
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 197
other
-
-
-
2 899
surtax
-
-
-
-
social contributions
-
-
-
2 664
health
-
-
-
4 177
pensions
-
-
-
15 991
total
-
-
-
40 928
Employee
30 701
-
72 052
-
pensions
3 472
-
5 139
-
surtax
-
-
-
-
social contributions
874
-
2 053
-
income
2 679
-
14 292
-
total
7 025
-
21 484
-
Employer
30 701
-
72 052
-
health
2 149
-
6 820
-
pensions
5 045
-
8 629
-
unemployment
1 244
-
2 918
-
social contributions
92
-
216
-
other
1 060
-
2 865
-
total
9 590
-
21 448
-
Corporate
53 210
93 500
-
-
income
14 899
26 180
-
-
surtax
-
-
-
-
total
14 899
26 180
-
-
Dividends
38 311
67 320
-
-
surtax
-
-
-
-
social contributions
6 590
11 579
-
-
withholding
4 904
8 617
-
-
total
11 494
20 196
-
-
Income
93 500
93 500
93 500
93 500
Total tax
43 008
46 376
42 932
40 928
After tax
50 492
47 124
50 568
52 572
Living cost
23 675
23 675
23 675
23 675
Free-cash
26 817
23 449
26 893
28 897

Estimated living cost  is ₴23675 per week

₴16023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1937
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴5391
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69415
₴56363
₴53879
₴67768
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 316
social contributions
-
-
-
20 570
total
-
-
-
24 886
Employee
15 759
-
80 952
-
income
-
-
4 592
-
social contributions
1 024
-
5 262
-
total
1 024
-
9 854
-
Employer
15 759
-
80 952
-
social contributions
2 443
-
12 548
-
total
2 443
-
12 548
-
Corporate
75 298
93 500
-
-
income
7 530
9 350
-
-
total
7 530
9 350
-
-
Dividends
67 768
84 150
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
10 997
9 350
22 402
24 886
After tax
82 503
84 150
71 098
68 614
Living cost
14 735
14 735
14 735
14 735
Free-cash
67 768
69 415
56 363
53 879

Estimated living cost  is ₴14735 per week

₴9527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1111
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13249
-₴13249
₴31132
-₴13249
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
labour market
-
-
-
7 446
municipal
-
-
-
19 690
national
-
-
-
11 211
pensions
-
-
-
425
total
-
-
-
38 772
Employee
99 593
99 593
99 593
-
municipal
21 208
21 208
21 208
-
labour market
7 956
7 956
7 956
-
pensions
142
142
142
-
national
12 167
12 167
12 167
-
total
41 473
41 473
41 473
-
Employer
99 593
99 593
99 593
-
national
12 188
12 188
12 188
-
labour market
7 967
7 967
7 967
-
pensions
283
283
283
-
municipal
21 242
21 242
21 242
-
total
41 680
41 680
41 680
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
83 153
83 153
83 153
38 772
After tax
10 347
10 347
10 347
54 728
Living cost
23 596
23 596
23 596
23 596
Free-cash
-13 249
-13 249
-13 249
31 132

Estimated living cost  is ₴23596 per week

₴16149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2087
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴363
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3175
₴40254
₴53146
₴5926
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
accident
-
-
-
125
income
-
-
-
26 151
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 063
total
-
-
-
29 605
Employee
16 909
-
84 553
-
pensions
1 904
-
3 784
-
income
2 320
-
20 085
-
health
1 936
-
9 681
-
total
6 160
-
33 550
-
Employer
16 909
-
84 553
-
pensions
2 749
-
5 464
-
accident
282
-
1 412
-
unemployment
414
-
2 071
-
total
3 445
-
8 947
-
Corporate
73 145
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.

65 830
84 150
-
-
total
65 830
84 150
-
-
Dividends
7 314
9 350
-
-
withholding
1 390
1 776
-
-
total
1 390
1 776
-
-
Income
93 500
93 500
93 500
93 500
Total tax
76 825
85 926
42 497
29 605
After tax
16 675
7 574
51 003
63 895
Living cost
10 749
10 749
10 749
10 749
Free-cash
5 926
-3 175
40 254
53 146

Estimated living cost  is ₴10749 per week

₴7824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39325
₴29737
₴40448
₴40731
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
93 500
health
-
-
-
1 235
municipal
-
-
-
16 608
national
-
-
-
16 390
total
-
-
-
34 233
Employee
25 790
-
78 657
-
municipal
4 224
-
12 809
-
unemployment
387
-
1 180
-
pensions
1 740
-
5 310
-
national
426
-
9 795
-
health
193
-
1 006
-
total
6 970
-
30 100
-
Employer
25 790
-
78 657
-
health
198
-
606
-
pensions
4 474
-
13 647
-
accident
26
-
79
-
unemployment
167
-
512
-
total
4 865
-
14 844
-
Corporate
62 844
93 500
-
-
income
12 569
18 700
-
-
total
12 569
18 700
-
-
Dividends

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

37 707
56 100
-
-
municipal
6 787
10 098
-
-
national
2 759
6 558
-
-
total
9 546
16 656
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 950
35 356
44 944
34 233
After tax
59 550
58 144
48 556
59 267
Living cost
18 819
18 819
18 819
18 819
Free-cash
40 731
39 325
29 737
40 448

Estimated living cost  is ₴18819 per week

₴12293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1810
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4418
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56837
₴51399
₴52200
₴54169
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 636
social contributions
-
-
-
7 931
health
-
-
-
2 384
total
-
-
-
29 951
Employee
37 693
37 693
87 659
-
social contributions
1 425
3 128
4 219
-
income
4 104
3 489
19 203
-
health
292
641
1 490
-
total
5 821
7 258
24 912
-
Employer
37 693
37 693
87 659
-
health
317
698
1 621
-
social contributions
1 425
3 128
4 219
-
total
1 742
3 826
5 840
-
Corporate
74 587
51 981
-
-
income
9 324
6 498
-
-
total
9 324
6 498
-
-
Dividends
65 264
45 484
-
-
withholding
11 095
7 732
-
-
total
11 095
7 732
-
-
Income
93 500
93 500
93 500
93 500
Total tax
27 982
25 314
30 752
29 951
After tax
65 518
68 186
62 748
63 549
Living cost
11 349
11 349
11 349
11 349
Free-cash
54 169
56 837
51 399
52 200

Estimated living cost  is ₴11349 per week

₴6802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1113
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.
₴3183
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69644
₴61406
₴71239
₴67150
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 572
unemployment
-
-
-
14
health
-
-
-
1 774
pensions
-
-
-
3 118
total
-
-
-
14 478
Employee

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

11 251
-
88 709
-
unemployment
56
-
233
-
pensions
1 687
-
6 977
-
income
769
-
8 357
-
health
956
-
3 953
-
total
3 468
-
19 520
-
Employer

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

11 251
-
88 709
-
health
484
-
2 000
-
pensions
619
-
2 558
-
unemployment
56
-
233
-
total
1 159
-
4 791
-
Corporate
81 090
93 500
-
-
income
7 298
8 415
-
-
total
7 298
8 415
-
-
Dividends
73 792
85 085
-
-
withholding
6 642
7 658
-
-
total
6 642
7 658
-
-
Income
93 500
93 500
93 500
93 500
Total tax
18 567
16 073
24 311
14 478
After tax
74 933
77 427
69 189
79 022
Living cost
7 783
7 783
7 783
7 783
Free-cash
67 150
69 644
61 406
71 239

Estimated living cost  is ₴7783 per week

₴4965
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
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.
₴2024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48758
₴36854
₴38913
₴46594
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
accident
-
-
-
409
income
-
-
-
27 478
other
-
-
-
46
unemployment
-
-
-
318
pensions
-
-
-
12 857
total
-
-
-
41 108
Employee
18 125
-
79 016
-
other
18
-
46
-
unemployment
281
-
704
-
pensions
852
-
2 136
-
income
3 494
-
25 795
-
total
4 645
-
28 681
-
Employer
18 125
-
79 016
-
pensions
4 277
-
10 723
-
accident
359
-
900
-
unemployment
997
-
2 499
-
other
145
-
364
-
total
5 778
-
14 486
-
Corporate
69 597
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.

10 440
14 025
-
-
total
10 440
14 025
-
-
Dividends
59 157
79 475
-
-
withholding
12 564
17 238
-
-
total
12 564
17 238
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 427
31 263
43 167
41 108
After tax
60 073
62 237
50 333
52 392
Living cost
13 479
13 479
13 479
13 479
Free-cash
46 594
48 758
36 854
38 913

Estimated living cost  is ₴13479 per week

₴9098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1296
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57383
₴59182
₴59250
₴57225
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
32 080
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
33 289
Employee
1 463
-
92 712
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
32 044
-
health
73
-
175
-
total
503
-
32 569
-
Employer
1 463
-
92 712
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
91 708
93 500
-
-
income
20 176
20 570
-
-
total
20 176
20 570
-
-
Dividends
71 532
72 930
-
-
withholding
14 306
14 586
-
-
total
14 306
14 586
-
-
Income
93 500
93 500
93 500
93 500
Total tax
35 314
35 156
33 357
33 289
After tax
58 186
58 344
60 143
60 211
Living cost
961
961
961
961
Free-cash
57 225
57 383
59 182
59 250

Estimated living cost  is ₴961 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
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.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59073
₴49993
₴49992
₴56659
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
21 327
unemployment
-
-
-
544
health
-
-
-
3 733
pensions
-
-
-
9 423
total
-
-
-
35 027
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.

12 788
-
87 013
-
unemployment
96
-
272
-
pensions
1 790
-
5 074
-
income
1 763
-
21 327
-
health
659
-
1 866
-
total
4 308
-
28 539
-
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.

12 788
-
87 013
-
health
659
-
1 866
-
pensions
1 535
-
4 349
-
unemployment
96
-
272
-
total
2 290
-
6 487
-
Corporate
78 423
93 500
-
-
income
11 763
14 025
-
-
total
11 763
14 025
-
-
Dividends
66 659
79 475
-
-
withholding
9 999
11 921
-
-
total
9 999
11 921
-
-
Income
93 500
93 500
93 500
93 500
Total tax
28 360
25 946
35 026
35 027
After tax
65 140
67 554
58 474
58 473
Living cost
8 481
8 481
8 481
8 481
Free-cash
56 659
59 073
49 993
49 992

Estimated living cost  is ₴8481 per week

₴5710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴656
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39968
₴29310
₴36399
₴39792
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
11 394
surtax
-
-
-
-
social contributions

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

-
-
-
32 492
total
-
-
-
43 886
Employee
19 025
-
75 555
-
surtax
-
-
-
-
social contributions
2 093
-
8 311
-
income
3 717
-
24 719
-
total
5 810
-
33 030
-
Employer
19 025
-
75 555
-
social contributions
4 518
-
17 945
-
total
4 518
-
17 945
-
Corporate
69 957
93 500
-
-
income
14 691
19 635
-
-
surtax
-
-
-
-
total
14 691
19 635
-
-
Dividends
55 266
73 865
-
-
withholding
15 474
20 682
-
-
total
15 474
20 682
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 493
40 317
50 975
43 886
After tax
53 007
53 183
42 525
49 614
Living cost
13 215
13 215
13 215
13 215
Free-cash
39 792
39 968
29 310
36 399

Estimated living cost  is ₴13215 per week

₴9360
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴918
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2703
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45010
₴33106
₴35165
₴41801
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
accident
-
-
-
409
income
-
-
-
27 478
other
-
-
-
46
unemployment
-
-
-
318
pensions
-
-
-
12 857
total
-
-
-
41 108
Employee
23 674
-
79 016
-
other
23
-
46
-
unemployment
367
-
704
-
pensions
1 113
-
2 136
-
income
4 945
-
25 795
-
total
6 448
-
28 681
-
Employer
23 674
-
79 016
-
pensions
5 587
-
10 723
-
accident
469
-
900
-
unemployment
1 302
-
2 499
-
other
190
-
364
-
total
7 548
-
14 486
-
Corporate
62 279
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.

9 342
14 025
-
-
total
9 342
14 025
-
-
Dividends
52 936
79 475
-
-
withholding
11 134
17 238
-
-
total
11 134
17 238
-
-
Income
93 500
93 500
93 500
93 500
Total tax
34 472
31 263
43 167
41 108
After tax
59 028
62 237
50 333
52 392
Living cost
17 227
17 227
17 227
17 227
Free-cash
41 801
45 010
33 106
35 165

Estimated living cost  is ₴17227 per week

₴12372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1340
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3273
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴71515
₴70223
₴66479
₴68529
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 025
unemployment
-
-
-
68
health
-
-
-
1 968
pensions

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

-
-
-
2 533
total
-
-
-
18 594
Employee
11 159
-
90 143
-
accident

We are using the highest rate at 1.1%.

123
-
188
-
pensions

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

980
-
1 503
-
income
1 116
-
9 014
-
health
513
-
787
-
total
2 732
-
11 492
-
Employer
11 159
-
90 143
-
health
770
-
1 181
-
pensions

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

1 230
-
1 886
-
accident

We are using the highest rate at 1.1%.

123
-
188
-
unemployment
67
-
103
-
total
2 190
-
3 358
-
Corporate
80 151
93 500
-
-
income
8 015
9 350
-
-
total
8 015
9 350
-
-
Dividends
72 136
84 150
-
-
withholding
3 607
4 208
-
-
total
3 607
4 208
-
-
Income
93 500
93 500
93 500
93 500
Total tax
16 544
13 558
14 850
18 594
After tax
76 956
79 942
78 650
74 906
Living cost
8 427
8 427
8 427
8 427
Free-cash
68 529
71 515
70 223
66 479

Estimated living cost  is ₴8427 per week

₴5574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2170
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29184
₴39898
₴29751
₴35595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
29 695
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.

-
-
-
1 633
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.

-
-
-
3 349
trade
-
-
-
10 147
total
-
-
-
44 824
Employee

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

24 390
-
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.

111
-
1 633
-
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.

2 006
-
29 695
-
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.

3 349
-
3 349
-
total
5 466
-
34 677
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 110
93 500
-
-
income
10 366
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.

570
771
-
-
chamber of commerce
176
211
-
-
trade
9 917
13 417
-
-
total
21 029
28 424
-
-
Dividends
48 081
65 075
-
-
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.

651
885
-
-
withholding
11 834
16 082
-
-
total
12 485
16 967
-
-
Income
93 500
93 500
93 500
93 500
Total tax
38 980
45 391
34 677
44 824
After tax
54 520
48 109
58 823
48 676
Living cost
18 925
18 925
18 925
18 925
Free-cash
35 595
29 184
39 898
29 751

Estimated living cost  is ₴18925 per week

₴13055
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.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3559
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37528
₴20514
₴20514
₴38608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
income
-
-
-
29 298
social contributions
-
-
-
15 765
total
-
-
-
45 063
Employee
38 343
-
93 500
-
income
7 235
-
29 298
-
social contributions
3 186
-
15 765
-
total
10 421
-
45 063
-
Employer
38 343
-
93 500
-
total
-
-
-
-
Corporate
55 157
93 500
-
-
income
6 895
11 687
-
-
total
6 895
11 687
-
-
Dividends
48 262
81 813
-
-
withholding
9 653
16 362
-
-
total
9 653
16 362
-
-
Income
93 500
93 500
93 500
93 500
Total tax
26 969
28 049
45 063
45 063
After tax
66 531
65 451
48 437
48 437
Living cost
27 923
27 923
27 923
27 923
Free-cash
38 608
37 528
20 514
20 514

Estimated living cost  is ₴27923 per week

₴21243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2275
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.
₴4138
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40391
₴48249
₴58699
₴42103
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
93 500
income
-
-
-
14 025
health

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

-
-
-
2 982
total
-
-
-
17 007
Employee
22 487
-
91 245
-
income
2 440
-
22 947
-
social contributions
2 253
-
2 255
-
total
4 693
-
25 202
-
Employer
22 487
-
91 245
-
social contributions
2 253
-
2 255
-
total
2 253
-
2 255
-
Corporate
68 760
93 500
-
-
income
24 067
32 725
-
-
total
24 067
32 725
-
-
Dividends
44 694
60 775
-
-
social contributions
2 590
2 590
-
-
total
2 590
2 590
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 603
35 315
27 457
17 007
After tax
59 897
58 185
66 043
76 493
Living cost
17 794
17 794
17 794
17 794
Free-cash
42 103
40 391
48 249
58 699

Estimated living cost  is ₴17794 per week

₴11721
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
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.
₴4397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42265
₴34889
₴43310
₴45155
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 524
pensions
-
-
-
4 542
total
-
-
-
32 066
Employee
24 878
-
81 608
-
pensions
1 899
-
5 530
-
income
4 530
-
21 910
-
health
325
-
1 154
-
total
6 754
-
28 594
-
Employer
24 878
-
81 608
-
health
473
-
1 551
-
pensions
2 513
-
10 342
-
total
2 986
-
11 893
-
Corporate
65 636
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.

12 471
17 765
-
-
total
12 471
17 765
-
-
Dividends
53 165
75 735
-
-
withholding
8 010
15 346
-
-
total
8 010
15 346
-
-
Income
93 500
93 500
93 500
93 500
Total tax
30 221
33 111
40 487
32 066
After tax
63 279
60 389
53 013
61 434
Living cost
18 124
18 124
18 124
18 124
Free-cash
45 155
42 265
34 889
43 310

Estimated living cost  is ₴18124 per week

₴12433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1667
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3797
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4239
₴39190
₴52082
₴5764
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
accident
-
-
-
125
income
-
-
-
26 151
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 063
total
-
-
-
29 605
Employee
18 583
-
84 553
-
pensions
2 092
-
3 784
-
income
2 549
-
20 085
-
health
2 128
-
9 681
-
total
6 769
-
33 550
-
Employer
18 583
-
84 553
-
pensions
3 021
-
5 464
-
accident
310
-
1 412
-
unemployment
455
-
2 071
-
total
3 786
-
8 947
-
Corporate
71 130
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.

64 017
84 150
-
-
total
64 017
84 150
-
-
Dividends
7 113
9 350
-
-
withholding
1 351
1 776
-
-
total
1 351
1 776
-
-
Income
93 500
93 500
93 500
93 500
Total tax
75 923
85 926
42 497
29 605
After tax
17 577
7 574
51 003
63 895
Living cost
11 813
11 813
11 813
11 813
Free-cash
5 764
-4 239
39 190
52 082

Estimated living cost  is ₴11813 per week

₴8670
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴688
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64905
₴60574
₴49793
₴69764
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
15 524
unemployment
-
-
-
941
work injury
-
-
-
392
health insurance
-
-
-
5 802
pensions
-
-
-
14 426
total
-
-
-
37 085
Employee

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

10 595
-
93 500
-
health insurance
784
-
2 901
-
unemployment
127
-
470
-
work injury
53
-
196
-
pensions
1 950
-
7 213
-
income
1 060
-
15 524
-
total
3 974
-
26 304
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
82 905
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%.

829
9 350
-
-
total
829
9 350
-
-
Dividends
82 076
84 150
-
-
withholding
12 311
12 623
-
-
total
12 311
12 623
-
-
Income
93 500
93 500
93 500
93 500
Total tax
17 114
21 973
26 304
37 085
After tax
76 386
71 527
67 196
56 415
Living cost
6 622
6 622
6 622
6 622
Free-cash
69 764
64 905
60 574
49 793

Estimated living cost  is ₴6622 per week

₴4102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴481
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29721
₴19528
₴23632
₴27493
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
24 048
regional
-
-
-
2 149
municipal
-
-
-
625
national
-
-
-
23 518
total
-
-
-
50 340
Employee
41 306
-
93 500
-
municipal
247
-
558
-
national
6 980
-
20 451
-
regional
624
-
1 907
-
social contributions
13 928
-
31 528
-
total
21 779
-
54 444
-
Employer
41 306
-
93 500
-
total
-
-
-
-
Corporate
52 194
93 500
-
-
municipal
2 515
4 507
-
-
nationa
12 526
22 440
-
-
total
15 041
26 947
-
-
Dividends
37 152
66 554
-
-
withholding
9 659
17 304
-
-
total
9 659
17 304
-
-
Income
93 500
93 500
93 500
93 500
Total tax
46 479
44 251
54 444
50 340
After tax
47 021
49 249
39 056
43 160
Living cost
19 528
19 528
19 528
19 528
Free-cash
27 493
29 721
19 528
23 632

Estimated living cost  is ₴19528 per week

₴13717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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