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
₴37215
₴31498
₴43534
₴32592
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
93 500
trade
-
-
-
10 942
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.

-
-
-
29 175
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.

-
-
-
3 531
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.

-
-
-
1 605
total
-
-
-
45 253
Employee

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

19 768
-
93 500
-
surtax

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

30
-
1 605
-
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.

3 531
-
3 531
-
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.

552
-
29 175
-
total
4 113
-
34 311
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
73 732
93 500
-
-
trade
11 613
14 727
-
-
income
11 060
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.

608
771
-
-
chamber of commerce
184
213
-
-
total
23 465
29 736
-
-
Dividends
50 267
63 764
-
-
withholding
12 371
15 745
-
-
surtax

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

681
866
-
-
total
13 052
16 611
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 630
46 347
34 311
45 253
After tax
52 870
47 153
59 189
48 247
Living cost
15 655
15 655
15 655
15 655
Free-cash
37 215
31 498
43 534
32 592

Estimated living cost  is ₴15655 per week

₴9847
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1825
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.
₴3690
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30541
₴30996
₴28437
₴27840
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
1 005
pensions
-
-
-
11 220
municipal
-
-
-
10 232
national
-
-
-
15 855
total
-
-
-
38 312
Employee
42 395
-
80 830
-
national
8 114
-
16 553
-
municipal
5 236
-
10 594
-
pensions
1 696
-
3 233
-
total
15 046
-
30 380
-
Employer
42 395
-
80 830
-
pensions
3 392
-
6 466
-
social contributions
456
-
869
-
total
3 848
-
7 335
-
Corporate
44 459
93 500
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

8 892
18 700
-
-
total
8 892
18 700
-
-
Dividends
35 568
74 800
-
-
withholding
7 825
16 456
-
-
total
7 825
16 456
-
-
Income
93 500
93 500
93 500
93 500
Total tax
35 611
35 156
37 715
38 312
After tax
57 889
58 344
55 785
55 188
Living cost
27 348
27 348
27 348
27 348
Free-cash
30 541
30 996
28 437
27 840

Estimated living cost  is ₴27348 per week

₴18588
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2542
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴409
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5808
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59809
₴64048
₴28701
₴21725
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
93 500
social contributions

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

-
-
-
19 802
income
-
-
-
17 379
microenterprise
-
-
-
-
surtax
-
-
-
23 842
total
-
-
-
61 023
Employee
15 102
-
70 866
-
surtax
-
-
10 276
-
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.

1 661
-
6 775
-
income
2 688
-
14 362
-
total
4 349
-
31 413
-
Employer
15 102
-
70 866
-
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.

3 638
-
14 839
-
surtax
-
-
7 795
-
total
3 638
-
22 634
-
Corporate
74 760
93 500
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

14 952
18 700
-
-
total
14 952
18 700
-
-
Dividends

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

59 808
74 800
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
22 939
18 700
54 047
61 023
After tax
70 561
74 800
39 453
32 477
Living cost
10 752
10 752
10 752
10 752
Free-cash
59 809
64 048
28 701
21 725

Estimated living cost  is ₴10752 per week

₴6860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1024
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21511
₴24678
₴37034
₴29798
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 623
pensions
-
-
-
6 055
health
-
-
-
6 373
total
-
-
-
42 051
Employee
44 136
44 136
83 895
-
health
6 774
5 762
6 373
-
pensions
7 944
6 055
6 055
-
income

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

7 224
7 224
12 783
-
total
21 942
19 041
25 211
-
Employer
44 136
44 136
83 895
-
pensions
3 072
3 072
3 818
-
unemployment
1 589
1 589
1 974
-
health
3 068
3 068
3 812
-
total
7 729
7 729
9 604
-
Corporate
42 177
41 635
-
-
income
8 435
8 327
-
-
total
8 435
8 327
-
-
Dividends
33 742
33 308
-
-
withholding
5 061
4 996
-
-
income
7 171
7 078
-
-
total
12 232
12 074
-
-
Income
93 500
93 500
93 500
93 500
Total tax
50 338
47 171
34 815
42 051
After tax
43 162
46 329
58 685
51 449
Living cost
21 651
21 651
21 651
21 651
Free-cash
21 511
24 678
37 034
29 798

Estimated living cost  is ₴21651 per week

₴15344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1952
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴344
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4011
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28787
₴29274
₴25870
₴26398
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
5 546
unemployment
-
-
-
48
pensions
-
-
-
5 159
municipal
-
-
-
23 759
accident
-
-
-
95
national
-
-
-
7 740
health
-
-
-
2 978
total
-
-
-
45 325
Employee
31 031
-
78 504
-
national
-
-
7 448
-
municipal
9 253
-
23 410
-
total
9 253
-
30 858
-
Employer
31 031
-
78 504
-
other
3 606
-
5 546
-
accident
62
-
95
-
pensions
3 354
-
5 159
-
unemployment
819
-
1 260
-
health
1 908
-
2 935
-
total
9 749
-
14 995
-
Corporate
52 720
93 500
-
-
income
11 598
20 570
-
-
total
11 598
20 570
-
-
Dividends
41 121
72 930
-
-
withholding
12 336
21 879
-
-
total
12 336
21 879
-
-
Income
93 500
93 500
93 500
93 500
Total tax
42 936
42 449
45 853
45 325
After tax
50 564
51 051
47 647
48 175
Living cost
21 777
21 777
21 777
21 777
Free-cash
28 787
29 274
25 870
26 398

Estimated living cost  is ₴21777 per week

₴14433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2137
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4877
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33631
₴26369
₴38885
₴27457
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
93 500
trade
-
-
-
11 428
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.

-
-
-
29 175
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.

-
-
-
3 531
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.

-
-
-
1 605
total
-
-
-
45 739
Employee

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

26 210
-
93 500
-
surtax

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

124
-
1 605
-
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.

3 531
-
3 531
-
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.

2 252
-
29 175
-
total
5 907
-
34 311
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 290
93 500
-
-
trade
11 069
15 381
-
-
income
10 093
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.

555
771
-
-
chamber of commerce
175
212
-
-
total
21 892
30 389
-
-
Dividends
45 398
63 111
-
-
withholding
11 153
15 581
-
-
surtax

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

613
857
-
-
total
11 766
16 438
-
-
Income
93 500
93 500
93 500
93 500
Total tax
39 565
46 827
34 311
45 739
After tax
53 935
46 673
59 189
47 761
Living cost
20 304
20 304
20 304
20 304
Free-cash
33 631
26 369
38 885
27 457

Estimated living cost  is ₴20304 per week

₴13579
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2141
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4280
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49295
₴51438
₴46205
₴47020
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
8 362
income
-
-
-
18 970
health
-
-
-
2 384
total
-
-
-
29 716
Employee
39 743
39 743
87 434
-
health
395
676
1 486
-
social contributions
1 931
3 298
4 449
-
income
4 173
3 679
18 530
-
total
6 499
7 653
24 465
-
Employer
39 743
39 743
87 434
-
social contributions
1 931
3 298
4 449
-
health
431
736
1 617
-
total
2 362
4 034
6 066
-
Corporate
67 875
49 723
-
-
income
8 484
6 215
-
-
total
8 484
6 215
-
-
Dividends
59 391
43 508
-
-
withholding
10 096
7 396
-
-
total
10 096
7 396
-
-
Income
93 500
93 500
93 500
93 500
Total tax
27 441
25 298
30 531
29 716
After tax
66 059
68 202
62 969
63 784
Living cost
16 764
16 764
16 764
16 764
Free-cash
49 295
51 438
46 205
47 020

Estimated living cost  is ₴16764 per week

₴11460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1309
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3713
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42889
₴42682
₴44358
₴54927
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

14 212
5 656
78 243
-
unemployment
213
85
1 174
-
health
995
396
5 477
-
pensions
1 421
566
7 824
-
income
1 737
691
9 565
-
total
4 366
1 738
24 040
-
Employer

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

The minimum wage is 138,000 HUF per month.

14 212
5 656
78 243
-
pensions
2 771
1 103
15 257
-
total
2 771
1 103
15 257
-
Corporate
76 516
86 741
-
-
income
6 886
7 807
-
-
total
6 886
7 807
-
-
Dividends
69 630
78 934
-
-
withholding
13 230
14 997
-
-
social contributions
13 513
15 328
-
-
total
26 743
30 325
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 766
40 973
39 297
28 728
After tax
52 734
52 527
54 203
64 772
Living cost
9 845
9 845
9 845
9 845
Free-cash
42 889
42 682
44 358
54 927

Estimated living cost  is ₴9845 per week

₴6719
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴806
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴197
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59104
₴62316
₴41408
₴37632
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
income
-
-
-
12 529
pensions
-
-
-
18 700
health
-
-
-
12 155
total
-
-
-
43 384
Employee
14 662
-
69 880
-
unemployment
234
-
1 118
-
pensions
293
-
1 398
-
income
1 651
-
13 473
-
total
2 178
-
15 989
-
Employer
14 662
-
69 880
-
pensions
2 933
-
13 976
-
unemployment
118
-
559
-
health
1 906
-
9 084
-
total
4 957
-
23 619
-
Corporate
73 882
93 500
-
-
income
14 777
18 700
-
-
total
14 777
18 700
-
-
Dividends
59 105
74 800
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
21 912
18 700
39 608
43 384
After tax
71 588
74 800
53 892
50 116
Living cost
12 484
12 484
12 484
12 484
Free-cash
59 104
62 316
41 408
37 632

Estimated living cost  is ₴12484 per week

₴8562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴743
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.
₴2927
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5794
-₴4024
₴39212
₴52317
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
195
income
-
-
-
25 914
pensions
-
-
-
2 193
accident
-
-
-
133
health
-
-
-
1 150
total
-
-
-
29 585
Employee
18 244
-
84 222
-
health
2 089
-
9 643
-
pensions
2 054
-
4 022
-
income
2 503
-
19 747
-
total
6 646
-
33 412
-
Employer
18 244
-
84 222
-
accident
305
-
1 407
-
pensions
2 967
-
5 808
-
unemployment
447
-
2 063
-
total
3 719
-
9 278
-
Corporate
71 538
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.

64 384
84 150
-
-
total
64 384
84 150
-
-
Dividends
7 154
9 350
-
-
withholding
1 359
1 776
-
-
total
1 359
1 776
-
-
Income
93 500
93 500
93 500
93 500
Total tax
76 108
85 926
42 690
29 585
After tax
17 392
7 574
50 810
63 915
Living cost
11 598
11 598
11 598
11 598
Free-cash
5 794
-4 024
39 212
52 317

Estimated living cost  is ₴11598 per week

₴8500
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴643
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2213
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴83793
₴84587
₴70562
₴88327
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 298
-
93 500
-
income
1 059
-
18 700
-
total
1 059
-
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%.

88 202
93 500
-
-
total
-
-
-
-
Dividends
88 202
93 500
-
-
withholding
4 410
4 675
-
-
total
4 410
4 675
-
-
Income
93 500
93 500
93 500
93 500
Total tax
5 469
4 675
18 700
935
After tax
88 031
88 825
74 800
92 565
Living cost
4 238
4 238
4 238
4 238
Free-cash
83 793
84 587
70 562
88 327

Estimated living cost  is ₴4238 per week

₴2626
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴352
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴116
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1143
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51432
₴54922
₴39161
₴38999
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
3 733
income
-
-
-
14 675
pensions

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

-
-
-
18 863
health
-
-
-
3 458
total
-
-
-
40 729
Employee
18 766
-
74 681
-
unemployment
187
-
746
-
health
263
-
1 046
-
pensions

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

1 313
-
5 228
-
income
3 231
-
14 729
-
total
4 994
-
21 749
-
Employer
18 766
-
74 681
-
other
939
-
3 734
-
accident
150
-
597
-
pensions

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

3 191
-
12 695
-
unemployment
187
-
746
-
health
263
-
1 046
-
total
4 730
-
18 818
-
Corporate
70 005
93 500
-
-
income
14 701
19 635
-
-
total
14 701
19 635
-
-
Dividends
55 303
73 865
-
-
withholding
3 871
5 171
-
-
total
3 871
5 171
-
-
Income
93 500
93 500
93 500
93 500
Total tax
28 296
24 806
40 567
40 729
After tax
65 204
68 694
52 933
52 771
Living cost
13 772
13 772
13 772
13 772
Free-cash
51 432
54 922
39 161
38 999

Estimated living cost  is ₴13772 per week

₴9731
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2889
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29017
₴26744
₴19226
₴27669
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 129
pensions
-
-
-
4 656
total
-
-
-
31 785
Employee
48 170
-
81 642
-
health
794
-
1 168
-
pensions
4 647
-
5 700
-
income
8 683
-
21 501
-
total
14 124
-
28 369
-
Employer
48 170
-
81 642
-
pensions
5 688
-
10 307
-
health
915
-
1 552
-
total
6 603
-
11 859
-
Corporate
38 727
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.

7 358
17 766
-
-
total
7 358
17 766
-
-
Dividends
31 369
75 734
-
-
withholding
2 352
14 944
-
-
total
2 352
14 944
-
-
Income
93 500
93 500
93 500
93 500
Total tax
30 437
32 710
40 228
31 785
After tax
63 063
60 790
53 272
61 715
Living cost
34 046
34 046
34 046
34 046
Free-cash
29 017
26 744
19 226
27 669

Estimated living cost  is ₴34046 per week

₴25511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4000
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.
₴4258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴70705
₴73121
₴71486
₴67800
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
unemployment
-
-
-
73
income
-
-
-
14 025
pensions

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

-
-
-
2 690
health
-
-
-
2 090
total
-
-
-
18 878
Employee
9 033
-
89 934
-
accident

We are using the highest rate at 1.1%.

99
-
200
-
health
415
-
836
-
pensions

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

793
-
1 596
-
income
903
-
8 994
-
total
2 210
-
11 626
-
Employer
9 033
-
89 934
-
accident

We are using the highest rate at 1.1%.

99
-
200
-
pensions

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

996
-
2 003
-
unemployment
54
-
109
-
health
623
-
1 254
-
total
1 772
-
3 566
-
Corporate
82 695
93 500
-
-
income
8 270
9 350
-
-
total
8 270
9 350
-
-
Dividends
74 425
84 150
-
-
withholding
3 721
4 207
-
-
total
3 721
4 207
-
-
Income
93 500
93 500
93 500
93 500
Total tax
15 973
13 557
15 192
18 878
After tax
77 527
79 943
78 308
74 622
Living cost
6 822
6 822
6 822
6 822
Free-cash
70 705
73 121
71 486
67 800

Estimated living cost  is ₴6822 per week

₴3983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18969
₴17669
₴30025
₴22789
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 623
pensions
-
-
-
6 055
health
-
-
-
6 373
total
-
-
-
42 051
Employee
47 918
44 136
83 895
-
health
5 978
5 762
6 373
-
pensions
6 055
6 055
6 055
-
income

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

7 224
7 224
12 783
-
total
19 257
19 041
25 211
-
Employer
47 918
44 136
83 895
-
pensions
3 335
3 072
3 818
-
unemployment
1 725
1 589
1 974
-
health
3 330
3 068
3 812
-
total
8 390
7 729
9 604
-
Corporate
37 193
41 635
-
-
income
7 438
8 327
-
-
total
7 438
8 327
-
-
Dividends
29 754
33 308
-
-
withholding
4 464
4 996
-
-
income
6 322
7 078
-
-
total
10 786
12 074
-
-
Income
93 500
93 500
93 500
93 500
Total tax
45 871
47 171
34 815
42 051
After tax
47 629
46 329
58 685
51 449
Living cost
28 660
28 660
28 660
28 660
Free-cash
18 969
17 669
30 025
22 789

Estimated living cost  is ₴28660 per week

₴21141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46899
₴51494
₴35977
₴40111
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
18 535
income
-
-
-
9 351
health
-
-
-
12 622
solidarity contribution
-
-
-
-
total
-
-
-
40 508
Employee
18 943
-
71 221
-
solidarity contribution
-
-
-
-
health
2 557
-
9 615
-
social contributions
1 231
-
4 126
-
income
2 273
-
8 622
-
total
6 061
-
22 363
-
Employer
18 943
-
71 221
-
social contributions
4 736
-
15 869
-
health
1 705
-
6 410
-
total
6 441
-
22 279
-
Corporate
68 117
93 500
-
-
income
12 942
17 765
-
-
total
12 942
17 765
-
-
Dividends
55 175
75 735
-
-
withholding
8 276
11 360
-
-
total
8 276
11 360
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 720
29 125
44 642
40 508
After tax
59 780
64 375
48 858
52 992
Living cost
12 881
12 881
12 881
12 881
Free-cash
46 899
51 494
35 977
40 111

Estimated living cost  is ₴12881 per week

₴8947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴916
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25379
₴28076
₴18510
₴22733
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
regional
-
-
-
1 107
social contributions
-
-
-
24 048
municipal
-
-
-
555
national
-
-
-
23 248
total
-
-
-
48 958
Employee
45 934
-
93 500
-
national
7 959
-
20 181
-
regional
433
-
977
-
municipal
243
-
495
-
social contributions
15 489
-
31 528
-
total
24 124
-
53 181
-
Employer
45 934
-
93 500
-
total
-
-
-
-
Corporate
47 566
93 500
-
-
nationa
11 416
22 440
-
-
municipal
1 855
3 647
-
-
total
13 271
26 087
-
-
Dividends
34 296
67 414
-
-
withholding
8 917
17 528
-
-
total
8 917
17 528
-
-
Income
93 500
93 500
93 500
93 500
Total tax
46 312
43 615
53 181
48 958
After tax
47 188
49 885
40 319
44 542
Living cost
21 809
21 809
21 809
21 809
Free-cash
25 379
28 076
18 510
22 733

Estimated living cost  is ₴21809 per week

₴15202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1430
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45799
₴47406
₴29648
₴32808
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
-
unemployment
-
-
-
118
income
-
-
-
26 352
pensions
-
-
-
13 796
health
-
-
-
4 897
surtax
-
-
-
4 124
total
-
-
-
49 287
Employee
17 092
-
78 980
-
surtax
56
-
3 505
-
unemployment
1 190
-
4 801
-
other
-
-
-
-
health
436
-
1 759
-
pensions
1 140
-
4 601
-
income
2 865
-
23 261
-
total
5 687
-
37 927
-
Employer
17 092
-
78 980
-
other
-
-
-
-
pensions
2 278
-
9 195
-
unemployment
541
-
2 186
-
health
778
-
3 139
-
total
3 597
-
14 520
-
Corporate
72 811
93 500
-
-
income
18 930
24 310
-
-
total
18 930
24 310
-
-
Dividends
53 880
69 190
-
-
withholding
8 082
10 379
-
-
total
8 082
10 379
-
-
Income
93 500
93 500
93 500
93 500
Total tax
36 296
34 689
52 447
49 287
After tax
57 204
58 811
41 053
44 213
Living cost
11 405
11 405
11 405
11 405
Free-cash
45 799
47 406
29 648
32 808

Estimated living cost  is ₴11405 per week

₴6973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1052
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40896
₴37531
₴30013
₴38456
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 129
pensions
-
-
-
4 656
total
-
-
-
31 785
Employee
32 282
-
81 642
-
health
469
-
1 168
-
pensions
2 740
-
5 700
-
income
5 814
-
21 501
-
total
9 023
-
28 369
-
Employer
32 282
-
81 642
-
pensions
3 495
-
10 307
-
health
613
-
1 552
-
total
4 108
-
11 859
-
Corporate
57 110
93 500
-
-
income

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

10 850
17 766
-
-
total
10 850
17 766
-
-
Dividends
46 259
75 734
-
-
withholding
5 364
14 944
-
-
total
5 364
14 944
-
-
Income
93 500
93 500
93 500
93 500
Total tax
29 345
32 710
40 228
31 785
After tax
64 155
60 790
53 272
61 715
Living cost
23 259
23 259
23 259
23 259
Free-cash
40 896
37 531
30 013
38 456

Estimated living cost  is ₴23259 per week

₴17426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1743
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.
₴3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴18807
₴902
₴29609
₴33962
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other

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

-
-
-
1 870
city
-
-
-
986
regional
-
-
-
4 547
pensions
-
-
-
8 603
national
-
-
-
1 468
health
-
-
-
211
total
-
-
-
17 685
Employee
48 978
-
83 688
-
national
232
-
1 107
-
unemployment
-
-
-
-
city
526
-
899
-
regional
1 604
-
3 922
-
health
111
-
188
-
pensions
4 115
-
7 030
-
total
6 588
-
13 146
-
Employer
48 978
-
83 688
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

979
-
1 674
-
pensions
4 115
-
7 030
-
unemployment
-
-
-
-
health
111
-
188
-
total
5 205
-
8 892
-
Corporate
38 778
93 500
-
-
regional
8 202
19 776
-
-
national
3 296
7 947
-
-
total
11 498
27 723
-
-
Dividends
27 281
65 777
-
-
withholding
9 549
23 022
-
-
total
9 549
23 022
-
-
Income
93 500
93 500
93 500
93 500
Total tax
32 840
50 745
22 038
17 685
After tax
60 660
42 755
71 462
75 815
Living cost
41 853
41 853
41 853
41 853
Free-cash
18 807
902
29 609
33 962

Estimated living cost  is ₴41853 per week

₴27216
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3756
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴514
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10367
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴30895
₴22516
₴35512
₴23598
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
93 500
trade
-
-
-
11 914
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.

-
-
-
29 175
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.

-
-
-
3 531
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.

-
-
-
1 605
total
-
-
-
46 225
Employee

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

31 061
-
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.

201
-
1 605
-
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.

3 531
-
3 531
-
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.

3 653
-
29 175
-
total
7 385
-
34 311
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 439
93 500
-
-
trade
10 708
16 035
-
-
income
9 366
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.

515
771
-
-
chamber of commerce
167
210
-
-
total
20 756
31 041
-
-
Dividends
41 683
62 459
-
-
withholding
10 225
15 418
-
-
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.

562
848
-
-
total
10 787
16 266
-
-
Income
93 500
93 500
93 500
93 500
Total tax
38 928
47 307
34 311
46 225
After tax
54 572
46 193
59 189
47 275
Living cost
23 677
23 677
23 677
23 677
Free-cash
30 895
22 516
35 512
23 598

Estimated living cost  is ₴23677 per week

₴17292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1894
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4183
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32492
₴29441
₴33411
₴34968
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
2 898
social contributions
-
-
-
2 664
income
-
-
-
14 820
pensions
-
-
-
16 437
health
-
-
-
4 030
surtax
-
-
-
-
total
-
-
-
40 849
Employee
22 120
-
72 314
-
surtax
-
-
-
-
pensions
2 501
-
5 049
-
social contributions
631
-
2 061
-
income
1 305
-
14 109
-
total
4 437
-
21 219
-
Employer
22 120
-
72 314
-
other
763
-
2 830
-
pensions
3 634
-
8 496
-
unemployment
895
-
2 929
-
social contributions
67
-
217
-
health
1 549
-
6 715
-
total
6 908
-
21 187
-
Corporate
64 472
93 500
-
-
income
18 053
26 180
-
-
surtax
-
-
-
-
total
18 053
26 180
-
-
Dividends
46 420
67 320
-
-
withholding
5 942
8 617
-
-
social contributions
7 985
11 579
-
-
surtax
-
-
-
-
total
13 927
20 196
-
-
Income
93 500
93 500
93 500
93 500
Total tax
43 325
46 376
42 406
40 849
After tax
50 175
47 124
51 094
52 651
Living cost
17 683
17 683
17 683
17 683
Free-cash
32 492
29 441
33 411
34 968

Estimated living cost  is ₴17683 per week

₴11150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1438
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34065
₴31193
₴35163
₴36720
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
2 898
social contributions
-
-
-
2 664
income
-
-
-
14 820
pensions
-
-
-
16 437
health
-
-
-
4 030
surtax
-
-
-
-
total
-
-
-
40 849
Employee
19 745
-
72 314
-
surtax
-
-
-
-
pensions
2 233
-
5 049
-
social contributions
563
-
2 061
-
income
1 018
-
14 109
-
total
3 814
-
21 219
-
Employer
19 745
-
72 314
-
other
682
-
2 830
-
pensions
3 244
-
8 496
-
unemployment
799
-
2 929
-
social contributions
59
-
217
-
health
1 382
-
6 715
-
total
6 166
-
21 187
-
Corporate
67 589
93 500
-
-
income
18 925
26 180
-
-
surtax
-
-
-
-
total
18 925
26 180
-
-
Dividends
48 664
67 320
-
-
withholding
6 229
8 617
-
-
social contributions
8 370
11 579
-
-
surtax
-
-
-
-
total
14 599
20 196
-
-
Income
93 500
93 500
93 500
93 500
Total tax
43 504
46 376
42 406
40 849
After tax
49 996
47 124
51 094
52 651
Living cost
15 931
15 931
15 931
15 931
Free-cash
34 065
31 193
35 163
36 720

Estimated living cost  is ₴15931 per week

₴9239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4772
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46352
₴46085
₴47087
₴49087
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
12 903
income
-
-
-
14 025
health
-
-
-
6 526
total
-
-
-
33 454
Employee
17 524
-
93 500
-
health
1 223
-
6 526
-
social contributions
2 419
-
12 903
-
income
2 923
-
16 025
-
total
6 565
-
35 454
-
Employer
17 524
-
93 500
-
total
-
-
-
-
Corporate
75 976
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%.

3 799
4 675
-
-
total
3 799
4 675
-
-
Dividends
72 177
88 825
-
-
health
5 038
6 200
-
-
withholding
10 827
13 323
-
-
social contributions
9 960
12 258
-
-
total
25 825
31 781
-
-
Income
93 500
93 500
93 500
93 500
Total tax
36 189
36 456
35 454
33 454
After tax
57 311
57 044
58 046
60 046
Living cost
10 959
10 959
10 959
10 959
Free-cash
46 352
46 085
47 087
49 087

Estimated living cost  is ₴10959 per week

₴7334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2696
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32700
₴33499
₴6539
₴29784
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
chamber of commerce
-
-
-
374
unemployment
-
-
-
3 170
income
-
-
-
26 070
pensions
-
-
-
11 170
health
-
-
-
4 619
surtax
-
-
-
102
total
-
-
-
45 505
Employee
25 829
20 597
74 956
-
unemployment
775
618
1 812
-
other
258
206
604
-
health
999
797
2 336
-
pensions
2 645
2 109
6 183
-
income
2 940
1 519
21 021
-
total
7 617
5 249
31 956
-
Employer
25 829
20 597
74 956
-
payroll
775
618
2 249
-
other
1 227
978
3 437
-
accident
335
268
785
-
pensions
3 242
2 585
7 578
-
unemployment
775
618
1 812
-
chamber of commerce
103
82
300
-
surtax
102
102
102
-
health
976
779
2 282
-
total
7 535
6 030
18 545
-
Corporate
60 136
66 873
72 994
-
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.

15 034
16 719
18 249
-
total
15 034
16 719
18 249
-
Dividends
45 102
50 155
-
-
withholding
12 403
13 792
-
-
total
12 403
13 792
-
-
Income
93 500
93 500
93 500
93 500
Total tax
42 589
41 790
68 750
45 505
After tax
50 911
51 710
24 750
47 995
Living cost
18 211
18 211
18 211
18 211
Free-cash
32 700
33 499
6 539
29 784

Estimated living cost  is ₴18211 per week

₴12146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1554
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4213
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25690
₴33441
₴13938
₴21707
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
12 886
national
-
-
-
35 225
communal

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

-
-
-
4 837
total
-
-
-
52 948
Employee

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

36 970
-
72 418
-
national
11 366
-
26 395
-
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.

322
-
630
-
health

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

1 737
-
3 403
-
pensions

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

2 773
-
5 432
-
communal

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

1 928
-
3 777
-
total
18 126
-
39 637
-
Employer

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

36 970
-
72 418
-
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.

481
-
942
-
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.

3 276
-
6 416
-
unemployment

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

539
-
1 057
-
surtax
4 192
-
8 211
-
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.

2 273
-
4 454
-
total
10 761
-
21 080
-
Corporate
45 769
93 500
-
-
income
9 154
18 700
-
-
surtax
183
374
-
-
total
9 337
19 074
-
-
Dividends
36 432
74 426
-
-
withholding

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

10 741
22 140
-
-
total
10 741
22 140
-
-
Income
93 500
93 500
93 500
93 500
Total tax
48 965
41 214
60 717
52 948
After tax
44 535
52 286
32 783
40 552
Living cost
18 845
18 845
18 845
18 845
Free-cash
25 690
33 441
13 938
21 707

Estimated living cost  is ₴18845 per week

₴12138
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1648
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.
₴4764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40089
₴43629
₴31612
₴33779
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
48
unemployment
-
-
-
335
income
-
-
-
26 684
pensions
-
-
-
13 557
accident
-
-
-
432
total
-
-
-
41 056
Employee
25 727
-
78 228
-
unemployment
399
-
742
-
other
26
-
48
-
pensions
1 209
-
2 252
-
income
5 428
-
24 910
-
total
7 062
-
27 952
-
Employer
25 727
-
78 228
-
other
205
-
383
-
accident
509
-
948
-
pensions
6 071
-
11 306
-
unemployment
1 415
-
2 634
-
total
8 200
-
15 271
-
Corporate
59 573
93 500
-
-
income

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

8 936
14 025
-
-
total
8 936
14 025
-
-
Dividends
50 636
79 475
-
-
withholding
10 548
17 181
-
-
total
10 548
17 181
-
-
Income
93 500
93 500
93 500
93 500
Total tax
34 746
31 206
43 223
41 056
After tax
58 754
62 294
50 277
52 444
Living cost
18 665
18 665
18 665
18 665
Free-cash
40 089
43 629
31 612
33 779

Estimated living cost  is ₴18665 per week

₴13745
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1324
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3327
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19751
₴26438
₴21594
₴17864
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 632
pensions
-
-
-
14 015
accident
-
-
-
789
communal
-
-
-
5 909
health
-
-
-
6 569
surtax
-
-
-
4 635
total
-
-
-
47 549
Employee
39 140
-
83 520
-
surtax
2 399
-
5 119
-
health
1 742
-
3 716
-
pensions
3 131
-
6 681
-
income
3 781
-
18 324
-
total
11 053
-
33 840
-
Employer
39 140
-
83 520
-
accident
352
-
751
-
pensions
3 131
-
6 681
-
health
1 194
-
2 547
-
total
4 677
-
9 979
-
Corporate
49 684
93 500
-
-
income
7 452
14 025
-
-
communal
3 353
6 311
-
-
surtax
522
982
-
-
total
11 327
21 318
-
-
Dividends
38 356
72 181
-
-
withholding
5 753
10 827
-
-
income
12 852
6 830
-
-
total
18 605
17 657
-
-
Income
93 500
93 500
93 500
93 500
Total tax
45 662
38 975
43 819
47 549
After tax
47 838
54 525
49 681
45 951
Living cost
28 087
28 087
28 087
28 087
Free-cash
19 751
26 438
21 594
17 864

Estimated living cost  is ₴28087 per week

₴21070
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1702
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45558
₴47202
₴29444
₴32604
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
-
unemployment
-
-
-
118
income
-
-
-
26 352
pensions
-
-
-
13 796
health
-
-
-
4 897
surtax
-
-
-
4 124
total
-
-
-
49 287
Employee
17 405
-
78 980
-
surtax
62
-
3 505
-
unemployment
1 211
-
4 801
-
other
-
-
-
-
health
444
-
1 759
-
pensions
1 161
-
4 601
-
income
2 918
-
23 261
-
total
5 796
-
37 927
-
Employer
17 405
-
78 980
-
other
-
-
-
-
pensions
2 321
-
9 195
-
unemployment
552
-
2 186
-
health
792
-
3 139
-
total
3 665
-
14 520
-
Corporate
72 430
93 500
-
-
income
18 832
24 310
-
-
total
18 832
24 310
-
-
Dividends
53 598
69 190
-
-
withholding
8 040
10 379
-
-
total
8 040
10 379
-
-
Income
93 500
93 500
93 500
93 500
Total tax
36 333
34 689
52 447
49 287
After tax
57 167
58 811
41 053
44 213
Living cost
11 609
11 609
11 609
11 609
Free-cash
45 558
47 202
29 444
32 604

Estimated living cost  is ₴11609 per week

₴7009
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1009
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3322
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34075
₴35223
₴26115
₴30316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
regional
-
-
-
1 410
social contributions
-
-
-
24 048
municipal
-
-
-
555
national
-
-
-
23 248
total
-
-
-
49 261
Employee
28 670
-
93 500
-
national
4 542
-
20 181
-
regional
386
-
1 258
-
municipal
152
-
495
-
social contributions
9 668
-
31 528
-
total
14 748
-
53 462
-
Employer
28 670
-
93 500
-
total
-
-
-
-
Corporate
64 830
93 500
-
-
nationa
15 559
22 440
-
-
municipal
3 222
4 647
-
-
total
18 781
27 087
-
-
Dividends
46 049
66 413
-
-
withholding
11 973
17 267
-
-
total
11 973
17 267
-
-
Income
93 500
93 500
93 500
93 500
Total tax
45 502
44 354
53 462
49 261
After tax
47 998
49 146
40 038
44 239
Living cost
13 923
13 923
13 923
13 923
Free-cash
34 075
35 223
26 115
30 316

Estimated living cost  is ₴13923 per week

₴8659
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
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.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42839
₴48502
₴32985
₴37119
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
18 535
income
-
-
-
9 351
health
-
-
-
12 622
solidarity contribution
-
-
-
-
total
-
-
-
40 508
Employee
23 342
-
71 221
-
solidarity contribution
-
-
-
-
health
3 151
-
9 615
-
social contributions
1 517
-
4 126
-
income
2 801
-
8 622
-
total
7 469
-
22 363
-
Employer
23 342
-
71 221
-
social contributions
5 836
-
15 869
-
health
2 101
-
6 410
-
total
7 937
-
22 279
-
Corporate
62 221
93 500
-
-
income
11 822
17 765
-
-
total
11 822
17 765
-
-
Dividends
50 399
75 735
-
-
withholding
7 560
11 360
-
-
total
7 560
11 360
-
-
Income
93 500
93 500
93 500
93 500
Total tax
34 788
29 125
44 642
40 508
After tax
58 712
64 375
48 858
52 992
Living cost
15 873
15 873
15 873
15 873
Free-cash
42 839
48 502
32 985
37 119

Estimated living cost  is ₴15873 per week

₴11804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2915
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35019
₴35276
₴8288
₴31608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
chamber of commerce
-
-
-
374
unemployment
-
-
-
3 170
income
-
-
-
26 070
pensions
-
-
-
11 170
health
-
-
-
4 619
surtax
-
-
-
-
total
-
-
-
45 403
Employee
22 593
20 597
75 052
-
unemployment
678
618
1 812
-
other
226
206
604
-
health
874
797
2 336
-
pensions
2 314
2 109
6 183
-
income
2 013
1 519
21 067
-
total
6 105
5 249
32 002
-
Employer
22 593
20 597
75 052
-
payroll
678
618
2 252
-
other
1 073
978
3 440
-
accident
293
268
785
-
pensions
2 835
2 585
7 578
-
unemployment
678
618
1 812
-
chamber of commerce
90
82
300
-
surtax
-
-
-
-
health
854
779
2 282
-
total
6 501
5 928
18 449
-
Corporate
64 406
66 975
73 091
-
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.

16 102
16 744
18 272
-
total
16 102
16 744
18 272
-
Dividends
48 304
50 231
-
-
withholding
13 284
13 814
-
-
total
13 284
13 814
-
-
Income
93 500
93 500
93 500
93 500
Total tax
41 992
41 735
68 723
45 403
After tax
51 508
51 765
24 777
48 097
Living cost
16 489
16 489
16 489
16 489
Free-cash
35 019
35 276
8 288
31 608

Estimated living cost  is ₴16489 per week

₴9891
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1684
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴80983
₴82221
₴68196
₴85961
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
93 500
microenterprise

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

-
-
-
935
total
-
-
-
935
Employee
8 256
-
93 500
-
income
1 651
-
18 700
-
total
1 651
-
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%.

85 244
93 500
-
-
total
-
-
-
-
Dividends
85 244
93 500
-
-
withholding
4 262
4 675
-
-
total
4 262
4 675
-
-
Income
93 500
93 500
93 500
93 500
Total tax
5 913
4 675
18 700
935
After tax
87 587
88 825
74 800
92 565
Living cost
6 604
6 604
6 604
6 604
Free-cash
80 983
82 221
68 196
85 961

Estimated living cost  is ₴6604 per week

₴4469
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴277
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46190
₴50511
₴29201
₴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

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

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

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

-
-
-
93 500
unemployment
-
-
-
140
income
-
-
-
21 543
pensions
-
-
-
17 076
health
-
-
-
9 201
total
-
-
-
47 960
Employee

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

22 855
-
80 905
-
unemployment
32
-
113
-
health
1 476
-
5 226
-
pensions
3 543
-
12 541
-
income
3 941
-
19 960
-
total
8 992
-
37 840
-
Employer

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

22 855
-
80 905
-
pensions
2 022
-
7 160
-
unemployment
14
-
48
-
health
1 522
-
5 388
-
total
3 558
-
12 596
-
Corporate
67 087
93 500
-
-
income
12 746
17 765
-
-
total
12 746
17 765
-
-
Dividends
54 340
75 735
-
-
withholding
8 151
11 361
-
-
total
8 151
11 361
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 447
29 126
50 436
47 960
After tax
60 053
64 374
43 064
45 540
Living cost
13 863
13 863
13 863
13 863
Free-cash
46 190
50 511
29 201
31 677

Estimated living cost  is ₴13863 per week

₴9514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴889
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3193
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7973
₴33620
₴63141
₴41351
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
10 659
income
-
-
-
18 225
total
-
-
-
28 884
Employee
33 359
-
-
-
social contributions
2 735
-
390
-
income
7 358
-
-
-
total
10 093
-
390
-
Employer
33 359
-
-
-
social contributions
47 037
-
6 704
-
total
47 037
-
6 704
-
Corporate
13 104
93 500
-
-
income
2 883
20 570
-
-
total
2 883
20 570
-
-
Dividends
10 221
72 930
-
-
income
2 249
16 045
-
-
total
2 249
16 045
-
-
Income
93 500
93 500
93 500
93 500
Total tax
62 262
36 615
7 094
28 884
After tax
31 238
56 885
86 406
64 616
Living cost
23 265
23 265
23 265
23 265
Free-cash
7 973
33 620
63 141
41 351

Estimated living cost  is ₴23265 per week

₴15096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5685
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36450
₴36971
₴26614
₴33704
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
93 500
social contributions

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

-
-
-
32 491
income
-
-
-
11 093
surtax
-
-
-
-
total
-
-
-
43 584
Employee
23 771
-
75 555
-
surtax
-
-
-
-
social contributions
2 615
-
8 311
-
income
4 944
-
24 418
-
total
7 559
-
32 729
-
Employer
23 771
-
75 555
-
social contributions
5 645
-
17 945
-
total
5 645
-
17 945
-
Corporate
64 084
93 500
-
-
income
13 458
19 635
-
-
surtax
-
-
-
-
total
13 458
19 635
-
-
Dividends
50 626
73 865
-
-
withholding
14 176
20 682
-
-
total
14 176
20 682
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 838
40 317
50 674
43 584
After tax
52 662
53 183
42 826
49 916
Living cost
16 212
16 212
16 212
16 212
Free-cash
36 450
36 971
26 614
33 704

Estimated living cost  is ₴16212 per week

₴12130
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴956
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2855
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25715
₴22161
₴26131
₴27688
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
2 898
social contributions
-
-
-
2 664
income
-
-
-
14 820
pensions
-
-
-
16 437
health
-
-
-
4 030
surtax
-
-
-
-
total
-
-
-
40 849
Employee
32 371
-
72 314
-
surtax
-
-
-
-
pensions
3 661
-
5 049
-
social contributions
922
-
2 061
-
income
2 824
-
14 109
-
total
7 407
-
21 219
-
Employer
32 371
-
72 314
-
other
1 117
-
2 830
-
pensions
5 319
-
8 496
-
unemployment
1 311
-
2 929
-
social contributions
97
-
217
-
health
2 266
-
6 715
-
total
10 110
-
21 187
-
Corporate
51 019
93 500
-
-
income
14 285
26 180
-
-
surtax
-
-
-
-
total
14 285
26 180
-
-
Dividends
36 734
67 320
-
-
withholding
4 702
8 617
-
-
social contributions
6 318
11 579
-
-
surtax
-
-
-
-
total
11 020
20 196
-
-
Income
93 500
93 500
93 500
93 500
Total tax
42 822
46 376
42 406
40 849
After tax
50 678
47 124
51 094
52 651
Living cost
24 963
24 963
24 963
24 963
Free-cash
25 715
22 161
26 131
27 688

Estimated living cost  is ₴24963 per week

₴16894
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2042
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴342
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5684
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66877
₴68614
₴55724
₴53239
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 155
social contributions
-
-
-
20 570
total
-
-
-
24 725
Employee
16 616
-
80 952
-
social contributions
1 080
-
5 262
-
income
-
-
4 430
-
total
1 080
-
9 692
-
Employer
16 616
-
80 952
-
social contributions
2 576
-
12 548
-
total
2 576
-
12 548
-
Corporate
74 309
93 500
-
-
income
7 431
9 350
-
-
total
7 431
9 350
-
-
Dividends
66 878
84 150
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
11 087
9 350
22 240
24 725
After tax
82 413
84 150
71 260
68 775
Living cost
15 536
15 536
15 536
15 536
Free-cash
66 877
68 614
55 724
53 239

Estimated living cost  is ₴15536 per week

₴10045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1171
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.
₴4027
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18939
-₴18939
-₴18939
₴30140
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
pensions
-
-
-
447
municipal
-
-
-
19 554
labour market
-
-
-
7 444
national
-
-
-
11 061
total
-
-
-
38 506
Employee
104 902
104 902
104 902
-
national
12 816
12 816
12 816
-
municipal
22 338
22 338
22 338
-
labour market
8 380
8 380
8 380
-
pensions
149
149
149
-
total
43 683
43 683
43 683
-
Employer
104 902
104 902
104 902
-
municipal
22 374
22 374
22 374
-
pensions
298
298
298
-
national
12 838
12 838
12 838
-
labour market
8 392
8 392
8 392
-
total
43 902
43 902
43 902
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
93 500
93 500
93 500
93 500
Total tax
87 585
87 585
87 585
38 506
After tax
5 915
5 915
5 915
54 994
Living cost
24 854
24 854
24 854
24 854
Free-cash
-18 939
-18 939
-18 939
30 140

Estimated living cost  is ₴24854 per week

₴17010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2199
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴382
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5263
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5821
-₴3853
₴39383
₴52488
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
195
income
-
-
-
25 914
pensions
-
-
-
2 193
accident
-
-
-
133
health
-
-
-
1 150
total
-
-
-
29 585
Employee
17 975
-
84 222
-
health
2 058
-
9 643
-
pensions
2 024
-
4 022
-
income
2 466
-
19 747
-
total
6 548
-
33 412
-
Employer
17 975
-
84 222
-
accident
300
-
1 407
-
pensions
2 923
-
5 808
-
unemployment
440
-
2 063
-
total
3 663
-
9 278
-
Corporate
71 862
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.

64 676
84 150
-
-
total
64 676
84 150
-
-
Dividends
7 186
9 350
-
-
withholding
1 365
1 776
-
-
total
1 365
1 776
-
-
Income
93 500
93 500
93 500
93 500
Total tax
76 252
85 926
42 690
29 585
After tax
17 248
7 574
50 810
63 915
Living cost
11 427
11 427
11 427
11 427
Free-cash
5 821
-3 853
39 383
52 488

Estimated living cost  is ₴11427 per week

₴8317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴651
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39951
₴38593
₴29050
₴40106
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
93 500
municipal
-
-
-
16 610
national
-
-
-
15 717
health
-
-
-
1 224
total
-
-
-
33 551
Employee
27 192
-
78 658
-
national
449
-
9 469
-
unemployment
408
-
1 180
-
health
203
-
996
-
municipal
4 454
-
12 811
-
pensions
1 835
-
5 309
-
total
7 349
-
29 765
-
Employer
27 192
-
78 658
-
accident
27
-
78
-
pensions
4 718
-
13 647
-
unemployment
177
-
511
-
health
209
-
606
-
total
5 131
-
14 842
-
Corporate
61 177
93 500
-
-
income
12 235
18 700
-
-
total
12 235
18 700
-
-
Dividends

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

36 706
56 100
-
-
municipal
6 608
10 098
-
-
national
2 383
6 266
-
-
total
8 991
16 364
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 706
35 064
44 607
33 551
After tax
59 794
58 436
48 893
59 949
Living cost
19 843
19 843
19 843
19 843
Free-cash
39 951
38 593
29 050
40 106

Estimated living cost  is ₴19843 per week

₴12961
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4658
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53422
₴56236
₴51003
₴51818
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
8 362
income
-
-
-
18 970
health
-
-
-
2 384
total
-
-
-
29 716
Employee
39 743
39 743
87 434
-
health
308
676
1 486
-
social contributions
1 503
3 298
4 449
-
income
4 327
3 679
18 530
-
total
6 138
7 653
24 465
-
Employer
39 743
39 743
87 434
-
social contributions
1 503
3 298
4 449
-
health
334
736
1 617
-
total
1 837
4 034
6 066
-
Corporate
73 559
49 723
-
-
income
9 195
6 215
-
-
total
9 195
6 215
-
-
Dividends
64 364
43 508
-
-
withholding
10 942
7 396
-
-
total
10 942
7 396
-
-
Income
93 500
93 500
93 500
93 500
Total tax
28 112
25 298
30 531
29 716
After tax
65 388
68 202
62 969
63 784
Living cost
11 966
11 966
11 966
11 966
Free-cash
53 422
56 236
51 003
51 818

Estimated living cost  is ₴11966 per week

₴7172
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
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.
₴3356
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66593
₴69221
₴60221
₴70588
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
93 500
unemployment
-
-
-
15
income
-
-
-
9 533
pensions
-
-
-
3 288
health
-
-
-
1 870
total
-
-
-
14 706
Employee

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

11 863
-
88 449
-
unemployment
59
-
245
-
health
1 008
-
4 168
-
pensions
1 779
-
7 356
-
income
811
-
8 253
-
total
3 657
-
20 022
-
Employer

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

11 863
-
88 449
-
pensions
652
-
2 697
-
unemployment
59
-
245
-
health
510
-
2 109
-
total
1 221
-
5 051
-
Corporate
80 416
93 500
-
-
income
7 237
8 415
-
-
total
7 237
8 415
-
-
Dividends
73 178
85 085
-
-
withholding
6 586
7 658
-
-
total
6 586
7 658
-
-
Income
93 500
93 500
93 500
93 500
Total tax
18 701
16 073
25 073
14 706
After tax
74 799
77 427
68 427
78 794
Living cost
8 206
8 206
8 206
8 206
Free-cash
66 593
69 221
60 221
70 588

Estimated living cost  is ₴8206 per week

₴5236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45800
₴48082
₴36064
₴38232
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
48
unemployment
-
-
-
335
income
-
-
-
26 684
pensions
-
-
-
13 557
accident
-
-
-
432
total
-
-
-
41 056
Employee
19 111
-
78 228
-
unemployment
296
-
742
-
other
19
-
48
-
pensions
898
-
2 252
-
income
3 684
-
24 910
-
total
4 897
-
27 952
-
Employer
19 111
-
78 228
-
other
153
-
383
-
accident
379
-
948
-
pensions
4 510
-
11 306
-
unemployment
1 051
-
2 634
-
total
6 093
-
15 271
-
Corporate
68 297
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.

10 244
14 025
-
-
total
10 244
14 025
-
-
Dividends
58 052
79 475
-
-
withholding
12 253
17 181
-
-
total
12 253
17 181
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 487
31 206
43 223
41 056
After tax
60 013
62 294
50 277
52 444
Living cost
14 212
14 212
14 212
14 212
Free-cash
45 800
48 082
36 064
38 232

Estimated living cost  is ₴14212 per week

₴9593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
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.
₴3004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57241
₴57396
₴59203
₴59271
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
32 089
pensions
-
-
-
691
health
-
-
-
501
total
-
-
-
33 281
Employee
1 443
-
92 722
-
unemployment
14
-
35
-
health
72
-
173
-
pensions
130
-
311
-
income
279
-
32 053
-
total
495
-
32 572
-
Employer
1 443
-
92 722
-
pensions
159
-
380
-
unemployment
29
-
69
-
health
137
-
328
-
total
325
-
777
-
Corporate
91 732
93 500
-
-
income
20 181
20 570
-
-
total
20 181
20 570
-
-
Dividends
71 551
72 930
-
-
withholding
14 310
14 586
-
-
total
14 310
14 586
-
-
Income
93 500
93 500
93 500
93 500
Total tax
35 311
35 156
33 349
33 281
After tax
58 189
58 344
60 151
60 219
Living cost
948
948
948
948
Free-cash
57 241
57 396
59 203
59 271

Estimated living cost  is ₴948 per week

₴563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴286
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56101
₴58637
₴48958
₴48958
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
93 500
unemployment
-
-
-
572
income
-
-
-
21 221
pensions
-
-
-
9 907
health
-
-
-
3 925
total
-
-
-
35 625
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

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

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

13 446
-
86 679
-
unemployment
101
-
286
-
health
692
-
1 962
-
pensions
1 882
-
5 335
-
income
1 853
-
21 221
-
total
4 528
-
28 804
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

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

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

13 446
-
86 679
-
pensions
1 614
-
4 573
-
unemployment
101
-
286
-
health
692
-
1 962
-
total
2 407
-
6 821
-
Corporate
77 647
93 500
-
-
income
11 647
14 025
-
-
total
11 647
14 025
-
-
Dividends
66 000
79 475
-
-
withholding
9 900
11 921
-
-
total
9 900
11 921
-
-
Income
93 500
93 500
93 500
93 500
Total tax
28 482
25 946
35 625
35 625
After tax
65 018
67 554
57 875
57 875
Living cost
8 917
8 917
8 917
8 917
Free-cash
56 101
58 637
48 958
48 958

Estimated living cost  is ₴8917 per week

₴6004
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴690
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1965
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39061
₴39249
₴28892
₴35982
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
93 500
social contributions

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

-
-
-
32 491
income
-
-
-
11 093
surtax
-
-
-
-
total
-
-
-
43 584
Employee
20 060
-
75 555
-
surtax
-
-
-
-
social contributions
2 207
-
8 311
-
income
3 920
-
24 418
-
total
6 127
-
32 729
-
Employer
20 060
-
75 555
-
social contributions
4 764
-
17 945
-
total
4 764
-
17 945
-
Corporate
68 677
93 500
-
-
income
14 422
19 635
-
-
surtax
-
-
-
-
total
14 422
19 635
-
-
Dividends
54 255
73 865
-
-
withholding
15 192
20 682
-
-
total
15 192
20 682
-
-
Income
93 500
93 500
93 500
93 500
Total tax
40 505
40 317
50 674
43 584
After tax
52 995
53 183
42 826
49 916
Living cost
13 934
13 934
13 934
13 934
Free-cash
39 061
39 249
28 892
35 982

Estimated living cost  is ₴13934 per week

₴9869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴968
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2850
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40749
₴44130
₴32113
₴34280
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
other
-
-
-
48
unemployment
-
-
-
335
income
-
-
-
26 684
pensions
-
-
-
13 557
accident
-
-
-
432
total
-
-
-
41 056
Employee
24 961
-
78 228
-
unemployment
386
-
742
-
other
25
-
48
-
pensions
1 173
-
2 252
-
income
5 213
-
24 910
-
total
6 797
-
27 952
-
Employer
24 961
-
78 228
-
other
200
-
383
-
accident
494
-
948
-
pensions
5 891
-
11 306
-
unemployment
1 373
-
2 634
-
total
7 958
-
15 271
-
Corporate
60 581
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.

9 087
14 025
-
-
total
9 087
14 025
-
-
Dividends
51 494
79 475
-
-
withholding
10 745
17 181
-
-
total
10 745
17 181
-
-
Income
93 500
93 500
93 500
93 500
Total tax
34 587
31 206
43 223
41 056
After tax
58 913
62 294
50 277
52 444
Living cost
18 164
18 164
18 164
18 164
Free-cash
40 749
44 130
32 113
34 280

Estimated living cost  is ₴18164 per week

₴13045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
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.
₴3451
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67823
₴70993
₴69358
₴65672
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
unemployment
-
-
-
73
income
-
-
-
14 025
pensions

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

-
-
-
2 690
health
-
-
-
2 090
total
-
-
-
18 878
Employee
11 852
-
89 934
-
accident

We are using the highest rate at 1.1%.

130
-
200
-
health
545
-
836
-
pensions

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

1 040
-
1 596
-
income
1 185
-
8 994
-
total
2 900
-
11 626
-
Employer
11 852
-
89 934
-
accident

We are using the highest rate at 1.1%.

130
-
200
-
pensions

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

1 306
-
2 003
-
unemployment
71
-
109
-
health
818
-
1 254
-
total
2 325
-
3 566
-
Corporate
79 323
93 500
-
-
income
7 932
9 350
-
-
total
7 932
9 350
-
-
Dividends
71 391
84 150
-
-
withholding
3 570
4 207
-
-
total
3 570
4 207
-
-
Income
93 500
93 500
93 500
93 500
Total tax
16 727
13 557
15 192
18 878
After tax
76 773
79 943
78 308
74 622
Living cost
8 950
8 950
8 950
8 950
Free-cash
67 823
70 993
69 358
65 672

Estimated living cost  is ₴8950 per week

₴5920
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34921
₴28162
₴39235
₴29266
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
93 500
trade
-
-
-
9 969
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.

-
-
-
29 175
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.

-
-
-
3 531
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.

-
-
-
1 605
total
-
-
-
44 280
Employee

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

25 716
-
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
-
1 605
-
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.

3 531
-
3 531
-
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.

2 115
-
29 175
-
total
5 763
-
34 311
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 784
93 500
-
-
trade
9 727
13 417
-
-
income
10 168
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.

559
771
-
-
chamber of commerce
178
216
-
-
total
20 632
28 429
-
-
Dividends
47 153
65 071
-
-
withholding
11 592
16 071
-
-
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.

638
884
-
-
total
12 230
16 955
-
-
Income
93 500
93 500
93 500
93 500
Total tax
38 625
45 384
34 311
44 280
After tax
54 875
48 116
59 189
49 220
Living cost
19 954
19 954
19 954
19 954
Free-cash
34 921
28 162
39 235
29 266

Estimated living cost  is ₴19954 per week

₴13765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2147
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37150
₴36009
₴19546
₴19546
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
social contributions
-
-
-
15 656
income
-
-
-
28 857
total
-
-
-
44 513
Employee
40 428
-
93 500
-
social contributions
3 359
-
15 656
-
income
7 629
-
28 857
-
total
10 988
-
44 513
-
Employer
40 428
-
93 500
-
total
-
-
-
-
Corporate
53 072
93 500
-
-
income
6 634
11 687
-
-
total
6 634
11 687
-
-
Dividends
46 437
81 813
-
-
withholding
9 287
16 363
-
-
total
9 287
16 363
-
-
Income
93 500
93 500
93 500
93 500
Total tax
26 909
28 050
44 513
44 513
After tax
66 591
65 450
48 987
48 987
Living cost
29 441
29 441
29 441
29 441
Free-cash
37 150
36 009
19 546
19 546

Estimated living cost  is ₴29441 per week

₴22399
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41090
₴39283
₴47570
₴56898
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
93 500
health

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

-
-
-
3 129
income
-
-
-
14 712
total
-
-
-
17 841
Employee
23 710
-
91 123
-
social contributions
2 375
-
2 377
-
income
2 573
-
22 415
-
total
4 948
-
24 792
-
Employer
23 710
-
91 123
-
social contributions
2 375
-
2 377
-
total
2 375
-
2 377
-
Corporate
67 415
93 500
-
-
income
23 595
32 725
-
-
total
23 595
32 725
-
-
Dividends
43 820
60 775
-
-
social contributions
2 731
2 731
-
-
total
2 731
2 731
-
-
Income
93 500
93 500
93 500
93 500
Total tax
33 649
35 456
27 169
17 841
After tax
59 851
58 044
66 331
75 659
Living cost
18 761
18 761
18 761
18 761
Free-cash
41 090
39 283
47 570
56 898

Estimated living cost  is ₴18761 per week

₴12358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1479
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.
₴4636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴44896
₴41881
₴34363
₴42806
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 129
pensions
-
-
-
4 656
total
-
-
-
31 785
Employee
25 956
-
81 642
-
health
339
-
1 168
-
pensions
1 981
-
5 700
-
income
4 727
-
21 501
-
total
7 047
-
28 369
-
Employer
25 956
-
81 642
-
pensions
2 622
-
10 307
-
health
493
-
1 552
-
total
3 115
-
11 859
-
Corporate
64 429
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.

12 242
17 766
-
-
total
12 242
17 766
-
-
Dividends
52 187
75 734
-
-
withholding
7 291
14 944
-
-
total
7 291
14 944
-
-
Income
93 500
93 500
93 500
93 500
Total tax
29 695
32 710
40 228
31 785
After tax
63 805
60 790
53 272
61 715
Living cost
18 909
18 909
18 909
18 909
Free-cash
44 896
41 881
34 363
42 806

Estimated living cost  is ₴18909 per week

₴12972
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1739
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3961
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴5647
-₴4984
₴38252
₴51357
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
195
income
-
-
-
25 914
pensions
-
-
-
2 193
accident
-
-
-
133
health
-
-
-
1 150
total
-
-
-
29 585
Employee
19 754
-
84 222
-
health
2 262
-
9 643
-
pensions
2 224
-
4 022
-
income
2 710
-
19 747
-
total
7 196
-
33 412
-
Employer
19 754
-
84 222
-
accident
330
-
1 407
-
pensions
3 212
-
5 808
-
unemployment
484
-
2 063
-
total
4 026
-
9 278
-
Corporate
69 720
93 500
-
-
income

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

62 748
84 150
-
-
total
62 748
84 150
-
-
Dividends
6 972
9 350
-
-
withholding
1 325
1 776
-
-
total
1 325
1 776
-
-
Income
93 500
93 500
93 500
93 500
Total tax
75 295
85 926
42 690
29 585
After tax
18 205
7 574
50 810
63 915
Living cost
12 558
12 558
12 558
12 558
Free-cash
5 647
-4 984
38 252
51 357

Estimated living cost  is ₴12558 per week

₴9216
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴732
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2357
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69297
₴71711
₴59731
₴48384
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
93 500
unemployment
-
-
-
990
income
-
-
-
15 455
pensions
-
-
-
15 183
health insurance
-
-
-
6 106
work injury
-
-
-
413
total
-
-
-
38 147
Employee

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

11 151
-
93 500
-
health insurance
825
-
3 053
-
unemployment
134
-
495
-
work injury
56
-
206
-
pensions
2 052
-
7 591
-
income
1 115
-
15 455
-
total
4 182
-
26 800
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
82 349
93 500
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

823
935
-
-
total
823
935
-
-
Dividends
81 526
92 565
-
-
withholding
12 229
13 885
-
-
total
12 229
13 885
-
-
Income
93 500
93 500
93 500
93 500
Total tax
17 234
14 820
26 800
38 147
After tax
76 266
78 680
66 700
55 353
Living cost
6 969
6 969
6 969
6 969
Free-cash
69 297
71 711
59 731
48 384

Estimated living cost  is ₴6969 per week

₴4318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴506
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1928
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26307
₴28659
₴18741
₴22844
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
93 500
regional
-
-
-
2 145
social contributions
-
-
-
24 048
municipal
-
-
-
625
national
-
-
-
23 248
total
-
-
-
50 066
Employee
43 552
-
93 500
-
national
7 360
-
20 181
-
regional
658
-
1 902
-
municipal
260
-
558
-
social contributions
14 686
-
31 528
-
total
22 964
-
54 169
-
Employer
43 552
-
93 500
-
total
-
-
-
-
Corporate
49 948
93 500
-
-
nationa
11 987
22 440
-
-
municipal
2 408
4 507
-
-
total
14 395
26 947
-
-
Dividends
35 553
66 553
-
-
withholding
9 244
17 304
-
-
total
9 244
17 304
-
-
Income
93 500
93 500
93 500
93 500
Total tax
46 603
44 251
54 169
50 066
After tax
46 897
49 249
39 331
43 434
Living cost
20 590
20 590
20 590
20 590
Free-cash
26 307
28 659
18 741
22 844

Estimated living cost  is ₴20590 per week

₴14463
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1416
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4399
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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