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
₴ 94000
per

Your estimated
City
free-cash

Dresden , Germany
₴34372
₴39122
₴33597
₴45257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 000
trade
-
-
-
11 660
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.

-
-
-
31 092
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.

-
-
-
2 934
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.

-
-
-
1 710
total
-
-
-
47 396
Employee

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

16 425
-
94 000
-
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.

2 934
-
2 934
-
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.

25
-
1 710
-
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.

459
-
31 092
-
total
3 418
-
35 736
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
77 575
94 000
-
-
surtax

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

640
776
-
-
income
11 636
14 100
-
-
trade
12 218
14 805
-
-
chamber of commerce
177
200
-
-
total
24 671
29 881
-
-
Dividends
52 904
64 119
-
-
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.

719
873
-
-
withholding
13 063
15 867
-
-
total
13 782
16 740
-
-
Income
94 000
94 000
94 000
94 000
Total tax
41 871
46 621
35 736
47 396
After tax
52 129
47 379
58 264
46 604
Living cost
13 007
13 007
13 007
13 007
Free-cash
39 122
34 372
45 257
33 597

Estimated living cost  is ₴13007 per week

₴8182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
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.
₴3066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36989
₴36628
₴32037
₴32542
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
municipal
-
-
-
10 430
pensions
-
-
-
11 280
national
-
-
-
17 575
social contributions
-
-
-
1 011
total
-
-
-
40 296
Employee
33 588
-
81 262
-
municipal
4 149
-
10 794
-
pensions
1 344
-
3 250
-
national
6 429
-
18 372
-
total
11 922
-
32 416
-
Employer
33 588
-
81 262
-
social contributions
361
-
874
-
pensions
2 687
-
6 501
-
total
3 048
-
7 375
-
Corporate
55 147
94 000
-
-
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%.

11 029
18 800
-
-
total
11 029
18 800
-
-
Dividends
44 118
75 200
-
-
withholding
9 706
16 544
-
-
total
9 706
16 544
-
-
Income
94 000
94 000
94 000
94 000
Total tax
35 705
35 344
39 791
40 296
After tax
58 295
58 656
54 209
53 704
Living cost
21 667
21 667
21 667
21 667
Free-cash
36 628
36 989
32 542
32 037

Estimated living cost  is ₴21667 per week

₴14727
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66266
₴62742
₴25080
₴31799
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 000
microenterprise
-
-
-
-
income
-
-
-
19 562
surtax
-
-
-
23 970
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.

-
-
-
16 454
total
-
-
-
59 986
Employee
12 548
-
73 577
-
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.

1 381
-
5 630
-
surtax
-
-
10 668
-
income
2 234
-
16 547
-
total
3 615
-
32 845
-
Employer
12 548
-
73 577
-
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.

3 023
-
12 329
-
surtax
-
-
8 093
-
total
3 023
-
20 422
-
Corporate
78 429
94 000
-
-
income

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

15 686
18 800
-
-
total
15 686
18 800
-
-
Dividends

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

62 743
75 200
-
-
total
-
-
-
-
Income
94 000
94 000
94 000
94 000
Total tax
22 324
18 800
53 267
59 986
After tax
71 676
75 200
40 733
34 014
Living cost
8 934
8 934
8 934
8 934
Free-cash
62 742
66 266
31 799
25 080

Estimated living cost  is ₴8934 per week

₴5700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28823
₴26192
₴32630
₴42133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
33 054
pensions
-
-
-
5 031
health
-
-
-
5 295
total
-
-
-
43 380
Employee
36 672
36 672
86 019
-
health
5 629
4 788
5 295
-
income

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

6 003
6 003
15 570
-
pensions
6 601
5 031
5 031
-
total
18 233
15 822
25 896
-
Employer
36 672
36 672
86 019
-
unemployment
1 320
1 320
1 640
-
pensions
2 552
2 552
3 173
-
health
2 549
2 549
3 168
-
total
6 421
6 421
7 981
-
Corporate
51 356
50 906
-
-
income
10 271
10 181
-
-
total
10 271
10 181
-
-
Dividends
41 085
40 725
-
-
income
8 730
8 654
-
-
withholding
6 163
6 109
-
-
total
14 893
14 763
-
-
Income
94 000
94 000
94 000
94 000
Total tax
49 818
47 187
33 877
43 380
After tax
44 182
46 813
60 123
50 620
Living cost
17 990
17 990
17 990
17 990
Free-cash
26 192
28 823
42 133
32 630

Estimated living cost  is ₴17990 per week

₴12749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34778
₴34406
₴30430
₴30029
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
municipal
-
-
-
24 898
accident
-
-
-
72
pensions
-
-
-
3 920
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
11 621
total
-
-
-
47 024
Employee
23 577
-
82 606
-
municipal
7 031
-
24 633
-
national
-
-
11 399
-
total
7 031
-
36 032
-
Employer
23 577
-
82 606
-
accident
47
-
72
-
other
2 740
-
4 214
-
unemployment
622
-
957
-
pensions
2 549
-
3 920
-
health
1 450
-
2 230
-
total
7 408
-
11 393
-
Corporate
63 015
94 000
-
-
income
13 863
20 680
-
-
total
13 863
20 680
-
-
Dividends
49 152
73 320
-
-
withholding
14 746
21 996
-
-
total
14 746
21 996
-
-
Income
94 000
94 000
94 000
94 000
Total tax
43 048
42 676
47 425
47 024
After tax
50 952
51 324
46 575
46 976
Living cost
16 546
16 546
16 546
16 546
Free-cash
34 406
34 778
30 029
30 430

Estimated living cost  is ₴16546 per week

₴10966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
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.
₴3705
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30026
₴36059
₴29216
₴41394
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 000
trade
-
-
-
12 178
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.

-
-
-
31 092
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.

-
-
-
2 934
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.

-
-
-
1 710
total
-
-
-
47 914
Employee

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

21 778
-
94 000
-
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.

2 934
-
2 934
-
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.

103
-
1 710
-
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.

1 871
-
31 092
-
total
4 908
-
35 736
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
72 222
94 000
-
-
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.

596
776
-
-
income
10 834
14 100
-
-
trade
11 881
15 463
-
-
chamber of commerce
168
199
-
-
total
23 479
30 538
-
-
Dividends
48 744
63 462
-
-
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.

661
864
-
-
withholding
12 023
15 702
-
-
total
12 684
16 566
-
-
Income
94 000
94 000
94 000
94 000
Total tax
41 071
47 104
35 736
47 914
After tax
52 929
46 896
58 264
46 086
Living cost
16 870
16 870
16 870
16 870
Free-cash
36 059
30 026
41 394
29 216

Estimated living cost  is ₴16870 per week

₴11283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
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.
₴3556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54585
₴52803
₴49401
₴48623
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
21 325
health
-
-
-
2 397
social contributions
-
-
-
6 948
total
-
-
-
30 670
Employee
33 022
33 022
88 663
-
social contributions
1 605
2 741
3 697
-
health
328
561
1 508
-
income
3 468
3 057
20 906
-
total
5 401
6 359
26 111
-
Employer
33 022
33 022
88 663
-
social contributions
1 605
2 741
3 697
-
health
358
611
1 640
-
total
1 963
3 352
5 337
-
Corporate
72 708
57 627
-
-
income
9 088
7 203
-
-
total
9 088
7 203
-
-
Dividends
63 620
50 423
-
-
withholding
10 816
8 572
-
-
total
10 816
8 572
-
-
Income
94 000
94 000
94 000
94 000
Total tax
27 268
25 486
31 448
30 670
After tax
66 732
68 514
62 552
63 330
Living cost
13 929
13 929
13 929
13 929
Free-cash
52 803
54 585
48 623
49 401

Estimated living cost  is ₴13929 per week

₴9522
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44987
₴45148
₴57339
₴46714
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
11 492
pensions
-
-
-
9 400
unemployment
-
-
-
1 410
health
-
-
-
6 580
total
-
-
-
28 882
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.

11 229
4 469
78 661
-
health
786
313
5 506
-
income
1 373
546
9 616
-
pensions
1 123
447
7 866
-
unemployment
168
67
1 180
-
total
3 450
1 373
24 168
-
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.

11 229
4 469
78 661
-
pensions
2 190
871
15 339
-
total
2 190
871
15 339
-
Corporate
80 581
88 660
-
-
income
7 252
7 979
-
-
total
7 252
7 979
-
-
Dividends
73 329
80 680
-
-
social contributions
14 248
15 682
-
-
withholding
13 933
15 329
-
-
total
28 181
31 011
-
-
Income
94 000
94 000
94 000
94 000
Total tax
41 073
41 234
39 507
28 882
After tax
52 927
52 766
54 493
65 118
Living cost
7 779
7 779
7 779
7 779
Free-cash
45 148
44 987
46 714
57 339

Estimated living cost  is ₴7779 per week

₴5308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64828
₴62159
₴40012
₴43809
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
12 596
pensions
-
-
-
18 800
health
-
-
-
12 220
total
-
-
-
43 616
Employee
12 182
-
70 254
-
income
1 372
-
13 545
-
pensions
244
-
1 405
-
unemployment
195
-
1 124
-
total
1 811
-
16 074
-
Employer
12 182
-
70 254
-
unemployment
98
-
562
-
pensions
2 437
-
14 050
-
health
1 583
-
9 133
-
total
4 118
-
23 745
-
Corporate
77 700
94 000
-
-
income
15 540
18 800
-
-
total
15 540
18 800
-
-
Dividends
62 160
75 200
-
-
total
-
-
-
-
Income
94 000
94 000
94 000
94 000
Total tax
21 469
18 800
39 819
43 616
After tax
72 531
75 200
54 181
50 384
Living cost
10 372
10 372
10 372
10 372
Free-cash
62 159
64 828
43 809
40 012

Estimated living cost  is ₴10372 per week

₴7114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2432
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1765
₴6178
₴54811
₴42344
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
accident
-
-
-
108
income
-
-
-
26 840
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
29 810
Employee
14 754
-
85 769
-
health
1 689
-
9 821
-
income
2 024
-
20 973
-
pensions
1 661
-
3 253
-
total
5 374
-
34 047
-
Employer
14 754
-
85 769
-
accident
246
-
1 432
-
unemployment
361
-
2 101
-
pensions
2 399
-
4 697
-
total
3 006
-
8 230
-
Corporate
76 239
94 000
-
-
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.

68 615
84 600
-
-
total
68 615
84 600
-
-
Dividends
7 624
9 400
-
-
withholding
1 448
1 786
-
-
total
1 448
1 786
-
-
Income
94 000
94 000
94 000
94 000
Total tax
78 443
86 386
42 277
29 810
After tax
15 557
7 614
51 723
64 190
Living cost
9 379
9 379
9 379
9 379
Free-cash
6 178
-1 765
42 344
54 811

Estimated living cost  is ₴9379 per week

₴6874
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴520
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴85386
₴84653
₴89146
₴71286
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
94 000
microenterprise

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

-
-
-
940
total
-
-
-
940
Employee
4 892
-
94 000
-
income
978
-
18 800
-
total
978
-
18 800
-
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%.

89 108
94 000
-
-
total
-
-
-
-
Dividends
89 108
94 000
-
-
withholding
4 455
4 700
-
-
total
4 455
4 700
-
-
Income
94 000
94 000
94 000
94 000
Total tax
5 433
4 700
18 800
940
After tax
88 567
89 300
75 200
93 060
Living cost
3 914
3 914
3 914
3 914
Free-cash
84 653
85 386
71 286
89 146

Estimated living cost  is ₴3914 per week

₴2425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴108
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57619
₴54719
₴44638
₴43856
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
16 271
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.

-
-
-
15 673
other
-
-
-
3 102
health
-
-
-
2 873
total
-
-
-
37 919
Employee
15 592
-
77 447
-
health
218
-
914
-
income
2 684
-
16 010
-
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.

1 091
-
4 571
-
unemployment
156
-
653
-
total
4 149
-
22 148
-
Employer
15 592
-
77 447
-
accident
125
-
619
-
other
780
-
3 265
-
unemployment
156
-
653
-
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.

2 651
-
11 102
-
health
218
-
914
-
total
3 930
-
16 553
-
Corporate
74 478
94 000
-
-
income
15 640
19 740
-
-
total
15 640
19 740
-
-
Dividends
58 838
74 260
-
-
withholding
4 119
5 198
-
-
total
4 119
5 198
-
-
Income
94 000
94 000
94 000
94 000
Total tax
27 838
24 938
38 701
37 919
After tax
66 162
69 062
55 299
56 081
Living cost
11 443
11 443
11 443
11 443
Free-cash
54 719
57 619
43 856
44 638

Estimated living cost  is ₴11443 per week

₴8085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30698
₴34177
₴32084
₴23675
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
28 763
pensions
-
-
-
4 246
total
-
-
-
33 009
Employee
40 899
-
81 949
-
health
674
-
1 119
-
income
7 373
-
23 156
-
pensions
3 946
-
5 092
-
total
11 993
-
29 367
-
Employer
40 899
-
81 949
-
pensions
4 829
-
10 494
-
health
777
-
1 557
-
total
5 606
-
12 051
-
Corporate
47 495
94 000
-
-
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.

9 024
17 860
-
-
total
9 024
17 860
-
-
Dividends
38 471
76 140
-
-
withholding
4 293
16 535
-
-
total
4 293
16 535
-
-
Income
94 000
94 000
94 000
94 000
Total tax
30 916
34 395
41 418
33 009
After tax
63 084
59 605
52 582
60 991
Living cost
28 907
28 907
28 907
28 907
Free-cash
34 177
30 698
23 675
32 084

Estimated living cost  is ₴28907 per week

₴21661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴74740
₴72745
₴70265
₴74150
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
14 100
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
18 105
Employee
7 454
-
91 058
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
745
-
9 106
-
pensions

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

654
-
1 317
-
total
1 824
-
11 278
-
Employer
7 454
-
91 058
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 653
-
health
515
-
1 035
-
total
1 464
-
2 943
-
Corporate
85 083
94 000
-
-
income
8 508
9 400
-
-
total
8 508
9 400
-
-
Dividends
76 575
84 600
-
-
withholding
3 829
4 230
-
-
total
3 829
4 230
-
-
Income
94 000
94 000
94 000
94 000
Total tax
15 625
13 630
14 221
18 105
After tax
78 375
80 370
79 779
75 895
Living cost
5 629
5 629
5 629
5 629
Free-cash
72 745
74 740
74 150
70 265

Estimated living cost  is ₴5629 per week

₴3287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23000
₴24080
₴26807
₴36310
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
33 054
pensions
-
-
-
5 031
health
-
-
-
5 295
total
-
-
-
43 380
Employee
39 814
36 672
86 019
-
health
4 967
4 788
5 295
-
income

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

6 003
6 003
15 570
-
pensions
5 031
5 031
5 031
-
total
16 001
15 822
25 896
-
Employer
39 814
36 672
86 019
-
unemployment
1 433
1 320
1 640
-
pensions
2 771
2 552
3 173
-
health
2 767
2 549
3 168
-
total
6 971
6 421
7 981
-
Corporate
47 215
50 906
-
-
income
9 443
10 181
-
-
total
9 443
10 181
-
-
Dividends
37 772
40 725
-
-
income
8 026
8 654
-
-
withholding
5 666
6 109
-
-
total
13 692
14 763
-
-
Income
94 000
94 000
94 000
94 000
Total tax
46 107
47 187
33 877
43 380
After tax
47 893
46 813
60 123
50 620
Living cost
23 813
23 813
23 813
23 813
Free-cash
24 080
23 000
36 310
26 807

Estimated living cost  is ₴23813 per week

₴17566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴54455
₴50794
₴45179
₴41070
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
9 981
health
-
-
-
12 690
solidarity contribution
-
-
-
1 117
social contributions
-
-
-
14 769
total
-
-
-
38 557
Employee
15 094
-
74 638
-
social contributions
981
-
3 288
-
health
2 038
-
10 076
-
solidarity contribution
-
-
749
-
income
1 811
-
9 191
-
total
4 830
-
23 304
-
Employer
15 094
-
74 638
-
social contributions
3 773
-
12 645
-
health
1 358
-
6 717
-
total
5 131
-
19 362
-
Corporate
73 774
94 000
-
-
income
14 017
17 860
-
-
total
14 017
17 860
-
-
Dividends
59 757
76 140
-
-
withholding
8 964
11 421
-
-
total
8 964
11 421
-
-
Income
94 000
94 000
94 000
94 000
Total tax
32 942
29 281
42 666
38 557
After tax
61 058
64 719
51 334
55 443
Living cost
10 264
10 264
10 264
10 264
Free-cash
50 794
54 455
41 070
45 179

Estimated living cost  is ₴10264 per week

₴7129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32032
₴29790
₴27018
₴23377
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
municipal
-
-
-
580
regional
-
-
-
1 176
national
-
-
-
25 612
social contributions
-
-
-
21 493
total
-
-
-
48 861
Employee
38 166
-
94 000
-
social contributions
12 869
-
28 178
-
regional
360
-
1 060
-
municipal
202
-
526
-
national
6 613
-
22 738
-
total
20 044
-
52 502
-
Employer
38 166
-
94 000
-
total
-
-
-
-
Corporate
55 834
94 000
-
-
nationa
13 400
22 560
-
-
municipal
2 178
3 666
-
-
total
15 578
26 226
-
-
Dividends
40 257
67 774
-
-
withholding
10 467
17 621
-
-
total
10 467
17 621
-
-
Income
94 000
94 000
94 000
94 000
Total tax
46 089
43 847
52 502
48 861
After tax
47 911
50 153
41 498
45 139
Living cost
18 121
18 121
18 121
18 121
Free-cash
29 790
32 032
23 377
27 018

Estimated living cost  is ₴18121 per week

₴12631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4023
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49650
₴48313
₴34763
₴32138
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
29 236
pensions
-
-
-
11 463
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 069
surtax
-
-
-
4 895
total
-
-
-
49 761
Employee
14 201
-
81 936
-
other
-
-
-
-
health
363
-
1 461
-
surtax
46
-
4 381
-
income
2 380
-
26 668
-
pensions
947
-
3 823
-
unemployment
989
-
3 989
-
total
4 725
-
40 322
-
Employer
14 201
-
81 936
-
other
-
-
-
-
unemployment
450
-
1 816
-
pensions
1 893
-
7 640
-
health
646
-
2 608
-
total
2 989
-
12 064
-
Corporate
76 810
94 000
-
-
income
19 971
24 440
-
-
total
19 971
24 440
-
-
Dividends
56 839
69 560
-
-
withholding
8 526
10 434
-
-
total
8 526
10 434
-
-
Income
94 000
94 000
94 000
94 000
Total tax
36 211
34 874
52 386
49 761
After tax
57 789
59 126
41 614
44 239
Living cost
9 476
9 476
9 476
9 476
Free-cash
48 313
49 650
32 138
34 763

Estimated living cost  is ₴9476 per week

₴5794
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39856
₴42711
₴41242
₴32833
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
28 763
pensions
-
-
-
4 246
total
-
-
-
33 009
Employee
27 410
-
81 949
-
health
398
-
1 119
-
income
4 937
-
23 156
-
pensions
2 326
-
5 092
-
total
7 661
-
29 367
-
Employer
27 410
-
81 949
-
pensions
2 967
-
10 494
-
health
521
-
1 557
-
total
3 488
-
12 051
-
Corporate
63 103
94 000
-
-
income

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

11 989
17 860
-
-
total
11 989
17 860
-
-
Dividends
51 113
76 140
-
-
withholding
8 402
16 535
-
-
total
8 402
16 535
-
-
Income
94 000
94 000
94 000
94 000
Total tax
31 540
34 395
41 418
33 009
After tax
62 460
59 605
52 582
60 991
Living cost
19 749
19 749
19 749
19 749
Free-cash
42 711
39 856
32 833
41 242

Estimated living cost  is ₴19749 per week

₴14795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴10187
₴24220
₴41901
₴38378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
city
-
-
-
991
pensions
-
-
-
8 647
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.

-
-
-
1 880
regional
-
-
-
5 216
health
-
-
-
211
national
-
-
-
2 357
total
-
-
-
19 302
Employee
38 381
-
84 551
-
city
412
-
914
-
regional
1 257
-
4 634
-
health
87
-
190
-
pensions
3 224
-
6 638
-
unemployment
-
-
-
-
national
182
-
1 930
-
total
5 162
-
14 306
-
Employer
38 381
-
84 551
-
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.

767
-
1 691
-
unemployment
-
-
-
-
pensions
3 224
-
6 638
-
health
87
-
190
-
total
4 078
-
8 519
-
Corporate
51 119
94 000
-
-
regional
10 811
19 881
-
-
national
4 345
7 990
-
-
total
15 156
27 871
-
-
Dividends
35 963
66 129
-
-
withholding
12 587
23 145
-
-
total
12 587
23 145
-
-
Income
94 000
94 000
94 000
94 000
Total tax
36 983
51 016
22 825
19 302
After tax
57 017
42 984
71 175
74 698
Living cost
32 797
32 797
32 797
32 797
Free-cash
24 220
10 187
38 378
41 901

Estimated living cost  is ₴32797 per week

₴21327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8124
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴26740
₴33705
₴25894
₴38591
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 000
trade
-
-
-
12 697
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.

-
-
-
31 092
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.

-
-
-
2 934
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.

-
-
-
1 710
total
-
-
-
48 433
Employee

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

25 808
-
94 000
-
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.

2 934
-
2 934
-
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.

167
-
1 710
-
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.

3 035
-
31 092
-
total
6 136
-
35 736
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 192
94 000
-
-
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
776
-
-
income
10 229
14 100
-
-
trade
11 695
16 121
-
-
chamber of commerce
161
197
-
-
total
22 647
31 194
-
-
Dividends
45 544
62 806
-
-
surtax

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

617
855
-
-
withholding
11 222
15 538
-
-
total
11 839
16 393
-
-
Income
94 000
94 000
94 000
94 000
Total tax
40 622
47 587
35 736
48 433
After tax
53 378
46 413
58 264
45 567
Living cost
19 673
19 673
19 673
19 673
Free-cash
33 705
26 740
38 591
25 894

Estimated living cost  is ₴19673 per week

₴14368
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
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.
₴3476
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32684
₴35220
₴36972
₴34383
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
17 184
pensions
-
-
-
15 012
other
-
-
-
2 914
health
-
-
-
4 547
surtax
-
-
-
-
social contributions
-
-
-
2 679
total
-
-
-
42 336
Employee
18 379
-
71 815
-
social contributions
524
-
2 046
-
surtax
-
-
-
-
income
1 085
-
15 311
-
pensions
2 078
-
5 382
-
total
3 687
-
22 739
-
Employer
18 379
-
71 815
-
other
634
-
2 967
-
social contributions
55
-
215
-
unemployment
744
-
2 909
-
pensions
3 019
-
8 991
-
health
1 287
-
7 104
-
total
5 739
-
22 186
-
Corporate
69 881
94 000
-
-
surtax
-
-
-
-
income
19 567
26 320
-
-
total
19 567
26 320
-
-
Dividends
50 315
67 680
-
-
surtax
-
-
-
-
social contributions
8 655
11 641
-
-
withholding
6 440
8 663
-
-
total
15 095
20 304
-
-
Income
94 000
94 000
94 000
94 000
Total tax
44 088
46 624
44 925
42 336
After tax
49 912
47 376
49 075
51 664
Living cost
14 692
14 692
14 692
14 692
Free-cash
35 220
32 684
34 383
36 972

Estimated living cost  is ₴14692 per week

₴9264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3984
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34139
₴36524
₴38427
₴35838
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
17 184
pensions
-
-
-
15 012
other
-
-
-
2 914
health
-
-
-
4 547
surtax
-
-
-
-
social contributions
-
-
-
2 679
total
-
-
-
42 336
Employee
16 406
-
71 815
-
social contributions
468
-
2 046
-
surtax
-
-
-
-
income
846
-
15 311
-
pensions
1 856
-
5 382
-
total
3 170
-
22 739
-
Employer
16 406
-
71 815
-
other
566
-
2 967
-
social contributions
49
-
215
-
unemployment
664
-
2 909
-
pensions
2 696
-
8 991
-
health
1 148
-
7 104
-
total
5 123
-
22 186
-
Corporate
72 470
94 000
-
-
surtax
-
-
-
-
income
20 292
26 320
-
-
total
20 292
26 320
-
-
Dividends
52 179
67 680
-
-
surtax
-
-
-
-
social contributions
8 975
11 641
-
-
withholding
6 679
8 663
-
-
total
15 654
20 304
-
-
Income
94 000
94 000
94 000
94 000
Total tax
44 239
46 624
44 925
42 336
After tax
49 761
47 376
49 075
51 664
Living cost
13 237
13 237
13 237
13 237
Free-cash
36 524
34 139
35 838
38 427

Estimated living cost  is ₴13237 per week

₴7677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
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.
₴3965
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48243
₴48464
₴51261
₴48784
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
14 100
health
-
-
-
6 561
social contributions
-
-
-
12 972
total
-
-
-
33 633
Employee
14 560
-
94 000
-
social contributions
2 010
-
12 972
-
health
1 016
-
6 561
-
income
2 429
-
16 577
-
total
5 455
-
36 110
-
Employer
14 560
-
94 000
-
total
-
-
-
-
Corporate
79 440
94 000
-
-
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%.

3 972
4 700
-
-
total
3 972
4 700
-
-
Dividends
75 468
89 300
-
-
health
5 268
6 233
-
-
social contributions
10 415
12 323
-
-
withholding
11 320
13 395
-
-
total
27 003
31 951
-
-
Income
94 000
94 000
94 000
94 000
Total tax
36 430
36 651
36 110
33 633
After tax
57 570
57 349
57 890
60 367
Living cost
9 106
9 106
9 106
9 106
Free-cash
48 464
48 243
48 784
51 261

Estimated living cost  is ₴9106 per week

₴6094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36706
₴36039
₴33065
₴9540
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
chamber of commerce
-
-
-
376
income
-
-
-
29 589
pensions
-
-
-
9 281
unemployment
-
-
-
2 634
health
-
-
-
3 838
surtax
-
-
-
85
total
-
-
-
45 803
Employee
21 461
17 114
77 484
-
other
214
171
502
-
health
830
663
1 941
-
income
2 443
1 262
24 763
-
pensions
2 198
1 752
5 137
-
unemployment
644
513
1 505
-
total
6 329
4 361
33 848
-
Employer
21 461
17 114
77 484
-
accident
279
222
652
-
other
1 019
812
3 448
-
chamber of commerce
86
68
310
-
unemployment
644
513
1 505
-
surtax
85
85
85
-
pensions
2 693
2 148
6 296
-
payroll
644
513
2 324
-
health
811
647
1 896
-
total
6 261
5 008
16 516
-
Corporate
66 278
71 876
75 854
-
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.

16 569
17 969
18 964
-
total
16 569
17 969
18 964
-
Dividends
49 709
53 907
-
-
withholding
13 670
14 824
-
-
total
13 670
14 824
-
-
Income
94 000
94 000
94 000
94 000
Total tax
42 829
42 162
69 328
45 803
After tax
51 171
51 838
24 672
48 197
Living cost
15 132
15 132
15 132
15 132
Free-cash
36 039
36 706
9 540
33 065

Estimated living cost  is ₴15132 per week

₴10092
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
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.
₴3500
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36071
₴30435
₴25213
₴16415
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
national
-
-
-
37 424
communal

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

-
-
-
4 998
social contributions
-
-
-
10 707
total
-
-
-
53 129
Employee

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

30 718
-
72 805
-
communal

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

1 602
-
3 798
-
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.

1 443
-
3 422
-
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.

2 304
-
5 460
-
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.

267
-
633
-
national
9 444
-
27 423
-
total
15 060
-
40 736
-
Employer

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

30 718
-
72 805
-
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.

399
-
946
-
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.

448
-
1 063
-
surtax
3 483
-
8 255
-
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.

2 722
-
6 450
-
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.

1 889
-
4 477
-
total
8 941
-
21 191
-
Corporate
54 341
94 000
-
-
surtax
218
399
-
-
income
10 868
19 926
-
-
total
11 086
20 325
-
-
Dividends
43 255
73 676
-
-
withholding

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

12 820
21 946
-
-
total
12 820
21 946
-
-
Income
94 000
94 000
94 000
94 000
Total tax
47 907
42 271
61 927
53 129
After tax
46 093
51 729
32 073
40 871
Living cost
15 658
15 658
15 658
15 658
Free-cash
30 435
36 071
16 415
25 213

Estimated living cost  is ₴15658 per week

₴10086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46927
₴43986
₴37037
₴35236
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
accident
-
-
-
359
income
-
-
-
29 512
pensions
-
-
-
11 264
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
41 454
Employee
21 376
-
81 311
-
other
21
-
40
-
income
4 510
-
28 037
-
pensions
1 005
-
1 871
-
unemployment
332
-
617
-
total
5 868
-
30 565
-
Employer
21 376
-
81 311
-
accident
423
-
788
-
other
170
-
319
-
unemployment
1 176
-
2 189
-
pensions
5 044
-
9 394
-
total
6 813
-
12 690
-
Corporate
65 810
94 000
-
-
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.

9 871
14 100
-
-
total
9 871
14 100
-
-
Dividends
55 939
79 900
-
-
withholding
11 953
17 464
-
-
total
11 953
17 464
-
-
Income
94 000
94 000
94 000
94 000
Total tax
34 505
31 564
43 255
41 454
After tax
59 495
62 436
50 745
52 546
Living cost
15 509
15 509
15 509
15 509
Free-cash
43 986
46 927
35 236
37 037

Estimated living cost  is ₴15509 per week

₴11421
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and 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 Barcelona model

Close
Luxembourg , Luxembourg
₴30114
₴24220
₴21082
₴24829
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
accident
-
-
-
793
income
-
-
-
17 494
pensions
-
-
-
14 089
health
-
-
-
6 604
surtax
-
-
-
4 660
communal
-
-
-
5 941
total
-
-
-
49 581
Employee
32 521
-
83 966
-
health
1 447
-
3 736
-
surtax
1 993
-
5 146
-
income
3 141
-
20 200
-
pensions
2 601
-
6 718
-
total
9 182
-
35 800
-
Employer
32 521
-
83 966
-
accident
293
-
755
-
pensions
2 601
-
6 718
-
health
992
-
2 561
-
total
3 886
-
10 034
-
Corporate
57 594
94 000
-
-
surtax
605
987
-
-
communal
3 887
6 345
-
-
income
8 639
14 100
-
-
total
13 131
21 432
-
-
Dividends
44 463
72 568
-
-
income
13 575
8 232
-
-
withholding
6 669
10 885
-
-
total
20 244
19 117
-
-
Income
94 000
94 000
94 000
94 000
Total tax
46 443
40 549
45 834
49 581
After tax
47 557
53 451
48 166
44 419
Living cost
23 337
23 337
23 337
23 337
Free-cash
24 220
30 114
24 829
21 082

Estimated living cost  is ₴23337 per week

₴17506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
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.
₴4169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49480
₴48115
₴34593
₴31968
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
29 236
pensions
-
-
-
11 463
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 069
surtax
-
-
-
4 895
total
-
-
-
49 761
Employee
14 462
-
81 936
-
other
-
-
-
-
health
369
-
1 461
-
surtax
51
-
4 381
-
income
2 424
-
26 668
-
pensions
965
-
3 823
-
unemployment
1 006
-
3 989
-
total
4 815
-
40 322
-
Employer
14 462
-
81 936
-
other
-
-
-
-
unemployment
459
-
1 816
-
pensions
1 928
-
7 640
-
health
658
-
2 608
-
total
3 045
-
12 064
-
Corporate
76 494
94 000
-
-
income
19 888
24 440
-
-
total
19 888
24 440
-
-
Dividends
56 605
69 560
-
-
withholding
8 491
10 434
-
-
total
8 491
10 434
-
-
Income
94 000
94 000
94 000
94 000
Total tax
36 239
34 874
52 386
49 761
After tax
57 761
59 126
41 614
44 239
Living cost
9 646
9 646
9 646
9 646
Free-cash
48 115
49 480
31 968
34 593

Estimated living cost  is ₴9646 per week

₴5824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37840
₴36886
₴33275
₴29654
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
municipal
-
-
-
580
regional
-
-
-
1 472
national
-
-
-
25 612
social contributions
-
-
-
21 493
total
-
-
-
49 157
Employee
23 821
-
94 000
-
social contributions
8 033
-
28 178
-
regional
321
-
1 336
-
municipal
126
-
526
-
national
3 774
-
22 738
-
total
12 254
-
52 778
-
Employer
23 821
-
94 000
-
total
-
-
-
-
Corporate
70 179
94 000
-
-
nationa
16 843
22 560
-
-
municipal
3 488
4 672
-
-
total
20 331
27 232
-
-
Dividends
49 848
66 768
-
-
withholding
12 961
17 360
-
-
total
12 961
17 360
-
-
Income
94 000
94 000
94 000
94 000
Total tax
45 546
44 592
52 778
49 157
After tax
48 454
49 408
41 222
44 843
Living cost
11 568
11 568
11 568
11 568
Free-cash
36 886
37 840
29 654
33 275

Estimated living cost  is ₴11568 per week

₴7194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and 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 Naples model

Close
Prague , Czech Republic
₴52071
₴47558
₴42795
₴38686
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
9 981
health
-
-
-
12 690
solidarity contribution
-
-
-
1 117
social contributions
-
-
-
14 769
total
-
-
-
38 557
Employee
18 600
-
74 638
-
social contributions
1 209
-
3 288
-
health
2 511
-
10 076
-
solidarity contribution
-
-
749
-
income
2 232
-
9 191
-
total
5 952
-
23 304
-
Employer
18 600
-
74 638
-
social contributions
4 650
-
12 645
-
health
1 674
-
6 717
-
total
6 324
-
19 362
-
Corporate
69 076
94 000
-
-
income
13 125
17 860
-
-
total
13 125
17 860
-
-
Dividends
55 952
76 140
-
-
withholding
8 393
11 421
-
-
total
8 393
11 421
-
-
Income
94 000
94 000
94 000
94 000
Total tax
33 794
29 281
42 666
38 557
After tax
60 206
64 719
51 334
55 443
Living cost
12 648
12 648
12 648
12 648
Free-cash
47 558
52 071
38 686
42 795

Estimated living cost  is ₴12648 per week

₴9406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38182
₴37967
₴34581
₴10993
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
chamber of commerce
-
-
-
376
income
-
-
-
29 589
pensions
-
-
-
9 281
unemployment
-
-
-
2 634
health
-
-
-
3 838
surtax
-
-
-
-
total
-
-
-
45 718
Employee
18 772
17 114
77 562
-
other
187
171
502
-
health
726
663
1 941
-
income
1 672
1 262
24 801
-
pensions
1 922
1 752
5 137
-
unemployment
563
513
1 505
-
total
5 070
4 361
33 886
-
Employer
18 772
17 114
77 562
-
accident
244
222
652
-
other
892
812
3 451
-
chamber of commerce
75
68
310
-
unemployment
563
513
1 505
-
surtax
-
-
-
-
pensions
2 356
2 148
6 296
-
payroll
563
513
2 327
-
health
710
647
1 896
-
total
5 403
4 923
16 437
-
Corporate
69 826
71 961
75 932
-
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.

17 457
17 991
18 983
-
total
17 457
17 991
18 983
-
Dividends
52 369
53 970
-
-
withholding
14 402
14 842
-
-
total
14 402
14 842
-
-
Income
94 000
94 000
94 000
94 000
Total tax
42 332
42 117
69 306
45 718
After tax
51 668
51 883
24 694
48 282
Living cost
13 701
13 701
13 701
13 701
Free-cash
37 967
38 182
10 993
34 581

Estimated living cost  is ₴13701 per week

₴8219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
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.
₴3838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴83201
₴82057
₴86961
₴69101
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
94 000
microenterprise

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

-
-
-
940
total
-
-
-
940
Employee
7 624
-
94 000
-
income
1 525
-
18 800
-
total
1 525
-
18 800
-
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%.

86 376
94 000
-
-
total
-
-
-
-
Dividends
86 376
94 000
-
-
withholding
4 319
4 700
-
-
total
4 319
4 700
-
-
Income
94 000
94 000
94 000
94 000
Total tax
5 844
4 700
18 800
940
After tax
88 156
89 300
75 200
93 060
Living cost
6 099
6 099
6 099
6 099
Free-cash
82 057
83 201
69 101
86 961

Estimated living cost  is ₴6099 per week

₴4127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴256
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53201
₴49609
₴32397
₴30357
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 000
income
-
-
-
23 527
pensions
-
-
-
17 167
unemployment
-
-
-
141
health
-
-
-
9 250
total
-
-
-
50 085
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.

18 990
-
81 336
-
health
1 226
-
5 255
-
income
3 275
-
21 485
-
pensions
2 944
-
12 607
-
unemployment
27
-
114
-
total
7 472
-
39 461
-
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.

18 990
-
81 336
-
unemployment
11
-
49
-
pensions
1 680
-
7 198
-
health
1 265
-
5 417
-
total
2 956
-
12 664
-
Corporate
72 054
94 000
-
-
income
13 690
17 860
-
-
total
13 690
17 860
-
-
Dividends
58 364
76 140
-
-
withholding
8 755
11 421
-
-
total
8 755
11 421
-
-
Income
94 000
94 000
94 000
94 000
Total tax
32 873
29 281
52 125
50 085
After tax
61 127
64 719
41 875
43 915
Living cost
11 518
11 518
11 518
11 518
Free-cash
49 609
53 201
30 357
32 397

Estimated living cost  is ₴11518 per week

₴7905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2653
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38638
₴18187
₴46410
₴69792
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
18 322
social contributions
-
-
-
10 716
total
-
-
-
29 038
Employee
26 601
-
-
-
social contributions
2 181
-
311
-
income
5 868
-
-
-
total
8 049
-
311
-
Employer
26 601
-
-
-
social contributions
37 507
-
5 345
-
total
37 507
-
5 345
-
Corporate
29 892
94 000
-
-
income
6 576
20 680
-
-
total
6 576
20 680
-
-
Dividends
23 316
73 320
-
-
income
5 129
16 130
-
-
total
5 129
16 130
-
-
Income
94 000
94 000
94 000
94 000
Total tax
57 261
36 810
5 656
29 038
After tax
36 739
57 190
88 344
64 962
Living cost
18 552
18 552
18 552
18 552
Free-cash
18 187
38 638
69 792
46 410

Estimated living cost  is ₴18552 per week

₴12037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39997
₴39564
₴35694
₴28450
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 000
income
-
-
-
12 171
surtax
-
-
-
-
social contributions

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

-
-
-
32 665
total
-
-
-
44 836
Employee
19 751
-
75 960
-
social contributions
2 173
-
8 356
-
surtax
-
-
60
-
income
4 108
-
25 624
-
total
6 281
-
34 040
-
Employer
19 751
-
75 960
-
social contributions
4 691
-
18 040
-
total
4 691
-
18 040
-
Corporate
69 559
94 000
-
-
surtax
-
-
-
-
income
14 607
19 740
-
-
total
14 607
19 740
-
-
Dividends
54 952
74 260
-
-
withholding
15 387
20 793
-
-
total
15 387
20 793
-
-
Income
94 000
94 000
94 000
94 000
Total tax
40 966
40 533
52 080
44 836
After tax
53 034
53 467
41 920
49 164
Living cost
13 470
13 470
13 470
13 470
Free-cash
39 564
39 997
28 450
35 694

Estimated living cost  is ₴13470 per week

₴10078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26635
₴29586
₴30923
₴28334
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
17 184
pensions
-
-
-
15 012
other
-
-
-
2 914
health
-
-
-
4 547
surtax
-
-
-
-
social contributions
-
-
-
2 679
total
-
-
-
42 336
Employee
26 896
-
71 815
-
social contributions
766
-
2 046
-
surtax
-
-
-
-
income
2 347
-
15 311
-
pensions
3 042
-
5 382
-
total
6 155
-
22 739
-
Employer
26 896
-
71 815
-
other
928
-
2 967
-
social contributions
81
-
215
-
unemployment
1 090
-
2 909
-
pensions
4 419
-
8 991
-
health
1 883
-
7 104
-
total
8 401
-
22 186
-
Corporate
58 703
94 000
-
-
surtax
-
-
-
-
income
16 437
26 320
-
-
total
16 437
26 320
-
-
Dividends
42 266
67 680
-
-
surtax
-
-
-
-
social contributions
7 270
11 641
-
-
withholding
5 410
8 663
-
-
total
12 680
20 304
-
-
Income
94 000
94 000
94 000
94 000
Total tax
43 673
46 624
44 925
42 336
After tax
50 327
47 376
49 075
51 664
Living cost
20 741
20 741
20 741
20 741
Free-cash
29 586
26 635
28 334
30 923

Estimated living cost  is ₴20741 per week

₴14037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴71691
₴70249
₴55686
₴58184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
4 724
social contributions
-
-
-
20 681
total
-
-
-
25 405
Employee
13 806
-
81 385
-
income
-
-
5 002
-
social contributions
897
-
5 290
-
total
897
-
10 292
-
Employer
13 806
-
81 385
-
social contributions
2 140
-
12 615
-
total
2 140
-
12 615
-
Corporate
78 054
94 000
-
-
income
7 805
9 400
-
-
total
7 805
9 400
-
-
Dividends
70 249
84 600
-
-
total
-
-
-
-
Income
94 000
94 000
94 000
94 000
Total tax
10 842
9 400
22 907
25 405
After tax
83 158
84 600
71 093
68 595
Living cost
12 909
12 909
12 909
12 909
Free-cash
70 249
71 691
58 184
55 686

Estimated living cost  is ₴12909 per week

₴8347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
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.
₴3346
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴442
₴252
₴33699
₴442
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
municipal
-
-
-
20 126
pensions
-
-
-
372
national
-
-
-
11 633
labour market
-
-
-
7 490
total
-
-
-
39 621
Employee
87 286
87 286
87 286
-
labour market
6 973
6 973
6 973
-
national
10 664
10 664
10 664
-
municipal
18 587
18 587
18 587
-
pensions
124
124
124
-
total
36 348
36 348
36 348
-
Employer
87 286
87 286
87 286
-
labour market
6 983
6 983
6 983
-
municipal
18 617
18 617
18 617
-
pensions
248
248
248
-
national
10 682
10 682
10 682
-
total
36 530
36 530
36 530
-
Corporate
443
-
-
-
income
97
-
-
-
total
97
-
-
-
Dividends
345
-
-
-
withholding
93
-
-
-
total
93
-
-
-
Income
94 000
94 000
94 000
94 000
Total tax
73 068
72 878
72 878
39 621
After tax
20 932
21 122
21 122
54 379
Living cost
20 680
20 680
20 680
20 680
Free-cash
252
442
442
33 699

Estimated living cost  is ₴20680 per week

₴14154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4379
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1627
₴6195
₴54949
₴42482
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
accident
-
-
-
108
income
-
-
-
26 840
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
29 810
Employee
14 536
-
85 769
-
health
1 665
-
9 821
-
income
1 994
-
20 973
-
pensions
1 637
-
3 253
-
total
5 296
-
34 047
-
Employer
14 536
-
85 769
-
accident
243
-
1 432
-
unemployment
356
-
2 101
-
pensions
2 364
-
4 697
-
total
2 963
-
8 230
-
Corporate
76 501
94 000
-
-
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.

68 851
84 600
-
-
total
68 851
84 600
-
-
Dividends
7 650
9 400
-
-
withholding
1 454
1 786
-
-
total
1 454
1 786
-
-
Income
94 000
94 000
94 000
94 000
Total tax
78 564
86 386
42 277
29 810
After tax
15 436
7 614
51 723
64 190
Living cost
9 241
9 241
9 241
9 241
Free-cash
6 195
-1 627
42 482
54 949

Estimated living cost  is ₴9241 per week

₴6726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴527
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1814
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41275
₴42600
₴41475
₴30707
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
94 000
municipal
-
-
-
16 692
health
-
-
-
1 268
national
-
-
-
18 078
total
-
-
-
36 038
Employee
22 594
-
79 078
-
health
169
-
1 038
-
municipal
3 701
-
12 873
-
pensions
1 525
-
5 338
-
unemployment
339
-
1 187
-
national
373
-
11 448
-
total
6 107
-
31 884
-
Employer
22 594
-
79 078
-
accident
23
-
79
-
unemployment
147
-
514
-
pensions
3 920
-
13 720
-
health
174
-
609
-
total
4 264
-
14 922
-
Corporate
67 144
94 000
-
-
income
13 429
18 800
-
-
total
13 429
18 800
-
-
Dividends

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

40 286
56 400
-
-
national
3 862
7 286
-
-
municipal
7 251
10 152
-
-
total
11 113
17 438
-
-
Income
94 000
94 000
94 000
94 000
Total tax
34 913
36 238
46 806
36 038
After tax
59 087
57 762
47 194
57 962
Living cost
16 487
16 487
16 487
16 487
Free-cash
42 600
41 275
30 707
41 475

Estimated living cost  is ₴16487 per week

₴10769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3870
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58571
₴56236
₴53387
₴52609
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
21 325
health
-
-
-
2 397
social contributions
-
-
-
6 948
total
-
-
-
30 670
Employee
33 022
33 022
88 663
-
social contributions
1 248
2 741
3 697
-
health
256
561
1 508
-
income
3 595
3 057
20 906
-
total
5 099
6 359
26 111
-
Employer
33 022
33 022
88 663
-
social contributions
1 248
2 741
3 697
-
health
278
611
1 640
-
total
1 526
3 352
5 337
-
Corporate
77 431
57 627
-
-
income
9 679
7 203
-
-
total
9 679
7 203
-
-
Dividends
67 752
50 423
-
-
withholding
11 517
8 572
-
-
total
11 517
8 572
-
-
Income
94 000
94 000
94 000
94 000
Total tax
27 821
25 486
31 448
30 670
After tax
66 179
68 514
62 552
63 330
Living cost
9 943
9 943
9 943
9 943
Free-cash
56 236
58 571
52 609
53 387

Estimated living cost  is ₴9943 per week

₴5959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴71023
₴68838
₴73168
₴64555
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
94 000
income
-
-
-
9 716
pensions
-
-
-
2 732
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
14 014
Employee

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

9 857
-
89 803
-
health
838
-
3 463
-
income
674
-
8 651
-
pensions
1 478
-
6 112
-
unemployment
49
-
204
-
total
3 039
-
18 430
-
Employer

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

9 857
-
89 803
-
unemployment
49
-
204
-
pensions
542
-
2 241
-
health
424
-
1 752
-
total
1 015
-
4 197
-
Corporate
83 128
94 000
-
-
income
7 482
8 460
-
-
total
7 482
8 460
-
-
Dividends
75 646
85 540
-
-
withholding
6 808
7 699
-
-
total
6 808
7 699
-
-
Income
94 000
94 000
94 000
94 000
Total tax
18 344
16 159
22 627
14 014
After tax
75 656
77 841
71 373
79 986
Living cost
6 818
6 818
6 818
6 818
Free-cash
68 838
71 023
64 555
73 168

Estimated living cost  is ₴6818 per week

₴4350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50627
₴48731
₴40737
₴38936
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
accident
-
-
-
359
income
-
-
-
29 512
pensions
-
-
-
11 264
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
41 454
Employee
15 879
-
81 311
-
other
15
-
40
-
income
3 061
-
28 037
-
pensions
746
-
1 871
-
unemployment
246
-
617
-
total
4 068
-
30 565
-
Employer
15 879
-
81 311
-
accident
315
-
788
-
other
127
-
319
-
unemployment
874
-
2 189
-
pensions
3 747
-
9 394
-
total
5 063
-
12 690
-
Corporate
73 059
94 000
-
-
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.

10 958
14 100
-
-
total
10 958
14 100
-
-
Dividends
62 100
79 900
-
-
withholding
13 371
17 464
-
-
total
13 371
17 464
-
-
Income
94 000
94 000
94 000
94 000
Total tax
33 460
31 564
43 255
41 454
After tax
60 540
62 436
50 745
52 546
Living cost
11 809
11 809
11 809
11 809
Free-cash
48 731
50 627
38 936
40 737

Estimated living cost  is ₴11809 per week

₴7971
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57481
₴57287
₴59235
₴59151
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
32 111
pensions
-
-
-
857
health
-
-
-
622
total
-
-
-
33 590
Employee
1 790
-
93 036
-
health
90
-
214
-
income
346
-
32 066
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
615
-
32 709
-
Employer
1 790
-
93 036
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
407
-
total
403
-
965
-
Corporate
91 807
94 000
-
-
income
20 198
20 680
-
-
total
20 198
20 680
-
-
Dividends
71 610
73 320
-
-
withholding
14 322
14 664
-
-
total
14 322
14 664
-
-
Income
94 000
94 000
94 000
94 000
Total tax
35 538
35 344
33 674
33 590
After tax
58 462
58 656
60 326
60 410
Living cost
1 175
1 175
1 175
1 175
Free-cash
57 287
57 481
59 151
59 235

Estimated living cost  is ₴1175 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60495
₴58385
₴52886
₴52886
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 000
income
-
-
-
21 708
pensions
-
-
-
8 244
unemployment
-
-
-
476
health
-
-
-
3 266
total
-
-
-
33 694
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.

11 188
-
88 325
-
health
576
-
1 633
-
income
1 542
-
21 708
-
pensions
1 566
-
4 439
-
unemployment
84
-
238
-
total
3 768
-
28 018
-
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.

11 188
-
88 325
-
unemployment
84
-
238
-
pensions
1 343
-
3 805
-
health
576
-
1 633
-
total
2 003
-
5 676
-
Corporate
80 809
94 000
-
-
income
12 121
14 100
-
-
total
12 121
14 100
-
-
Dividends
68 688
79 900
-
-
withholding
10 303
11 985
-
-
total
10 303
11 985
-
-
Income
94 000
94 000
94 000
94 000
Total tax
28 195
26 085
33 694
33 694
After tax
65 805
67 915
60 306
60 306
Living cost
7 420
7 420
7 420
7 420
Free-cash
58 385
60 495
52 886
52 886

Estimated living cost  is ₴7420 per week

₴4996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41890
₴41735
₴37587
₴30343
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 000
income
-
-
-
12 171
surtax
-
-
-
-
social contributions

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

-
-
-
32 665
total
-
-
-
44 836
Employee
16 667
-
75 960
-
social contributions
1 834
-
8 356
-
surtax
-
-
60
-
income
3 257
-
25 624
-
total
5 091
-
34 040
-
Employer
16 667
-
75 960
-
social contributions
3 958
-
18 040
-
total
3 958
-
18 040
-
Corporate
73 374
94 000
-
-
surtax
-
-
-
-
income
15 409
19 740
-
-
total
15 409
19 740
-
-
Dividends
57 966
74 260
-
-
withholding
16 230
20 793
-
-
total
16 230
20 793
-
-
Income
94 000
94 000
94 000
94 000
Total tax
40 688
40 533
52 080
44 836
After tax
53 312
53 467
41 920
49 164
Living cost
11 577
11 577
11 577
11 577
Free-cash
41 735
41 890
30 343
37 587

Estimated living cost  is ₴11577 per week

₴8200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47344
₴44533
₴37454
₴35653
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
accident
-
-
-
359
income
-
-
-
29 512
pensions
-
-
-
11 264
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
41 454
Employee
20 740
-
81 311
-
other
20
-
40
-
income
4 332
-
28 037
-
pensions
975
-
1 871
-
unemployment
321
-
617
-
total
5 648
-
30 565
-
Employer
20 740
-
81 311
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 141
-
2 189
-
pensions
4 895
-
9 394
-
total
6 613
-
12 690
-
Corporate
66 648
94 000
-
-
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.

9 997
14 100
-
-
total
9 997
14 100
-
-
Dividends
56 651
79 900
-
-
withholding
12 117
17 464
-
-
total
12 117
17 464
-
-
Income
94 000
94 000
94 000
94 000
Total tax
34 375
31 564
43 255
41 454
After tax
59 625
62 436
50 745
52 546
Living cost
15 092
15 092
15 092
15 092
Free-cash
44 533
47 344
35 653
37 454

Estimated living cost  is ₴15092 per week

₴10839
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.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴72984
₴70367
₴68509
₴72393
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
14 100
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
18 105
Employee
9 780
-
91 058
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
978
-
9 106
-
pensions

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

859
-
1 317
-
total
2 394
-
11 278
-
Employer
9 780
-
91 058
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 653
-
health
675
-
1 035
-
total
1 919
-
2 943
-
Corporate
82 301
94 000
-
-
income
8 230
9 400
-
-
total
8 230
9 400
-
-
Dividends
74 071
84 600
-
-
withholding
3 704
4 230
-
-
total
3 704
4 230
-
-
Income
94 000
94 000
94 000
94 000
Total tax
16 247
13 630
14 221
18 105
After tax
77 753
80 370
79 779
75 895
Living cost
7 386
7 386
7 386
7 386
Free-cash
70 367
72 984
72 393
68 509

Estimated living cost  is ₴7386 per week

₴4885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31767
₴37385
₴31062
₴41685
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 000
trade
-
-
-
10 623
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.

-
-
-
31 092
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.

-
-
-
2 934
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.

-
-
-
1 710
total
-
-
-
46 359
Employee

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

21 367
-
94 000
-
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.

2 934
-
2 934
-
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.

97
-
1 710
-
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.

1 757
-
31 092
-
total
4 788
-
35 736
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
72 633
94 000
-
-
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.

599
776
-
-
income
10 895
14 100
-
-
trade
10 423
13 489
-
-
chamber of commerce
172
203
-
-
total
22 089
28 568
-
-
Dividends
50 544
65 432
-
-
surtax

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

686
891
-
-
withholding
12 473
16 195
-
-
total
13 159
17 086
-
-
Income
94 000
94 000
94 000
94 000
Total tax
40 036
45 654
35 736
46 359
After tax
53 964
48 346
58 264
47 641
Living cost
16 579
16 579
16 579
16 579
Free-cash
37 385
31 767
41 685
31 062

Estimated living cost  is ₴16579 per week

₴11437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41337
₴42285
₴22927
₴22927
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
30 502
social contributions
-
-
-
16 108
total
-
-
-
46 610
Employee
33 591
-
94 000
-
income
6 339
-
30 502
-
social contributions
2 791
-
16 108
-
total
9 130
-
46 610
-
Employer
33 591
-
94 000
-
total
-
-
-
-
Corporate
60 409
94 000
-
-
income
7 551
11 750
-
-
total
7 551
11 750
-
-
Dividends
52 857
82 250
-
-
withholding
10 571
16 450
-
-
total
10 571
16 450
-
-
Income
94 000
94 000
94 000
94 000
Total tax
27 252
28 200
46 610
46 610
After tax
66 748
65 800
47 390
47 390
Living cost
24 463
24 463
24 463
24 463
Free-cash
42 285
41 337
22 927
22 927

Estimated living cost  is ₴24463 per week

₴18611
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1993
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43242
₴44742
₴61433
₴50127
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 000
income
-
-
-
14 100
health

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

-
-
-
2 878
total
-
-
-
16 978
Employee
19 700
-
92 025
-
income
2 138
-
24 334
-
social contributions
1 974
-
1 975
-
total
4 112
-
26 309
-
Employer
19 700
-
92 025
-
social contributions
1 974
-
1 975
-
total
1 974
-
1 975
-
Corporate
72 326
94 000
-
-
income
25 314
32 900
-
-
total
25 314
32 900
-
-
Dividends
47 012
61 100
-
-
social contributions
2 269
2 269
-
-
total
2 269
2 269
-
-
Income
94 000
94 000
94 000
94 000
Total tax
33 669
35 169
28 284
16 978
After tax
60 331
58 831
65 716
77 022
Living cost
15 589
15 589
15 589
15 589
Free-cash
44 742
43 242
50 127
61 433

Estimated living cost  is ₴15589 per week

₴10268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43550
₴46109
₴44936
₴36527
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
income
-
-
-
28 763
pensions
-
-
-
4 246
total
-
-
-
33 009
Employee
22 038
-
81 949
-
health
287
-
1 119
-
income
4 013
-
23 156
-
pensions
1 682
-
5 092
-
total
5 982
-
29 367
-
Employer
22 038
-
81 949
-
pensions
2 227
-
10 494
-
health
419
-
1 557
-
total
2 646
-
12 051
-
Corporate
69 317
94 000
-
-
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.

13 171
17 860
-
-
total
13 171
17 860
-
-
Dividends
56 146
76 140
-
-
withholding
10 037
16 535
-
-
total
10 037
16 535
-
-
Income
94 000
94 000
94 000
94 000
Total tax
31 836
34 395
41 418
33 009
After tax
62 164
59 605
52 582
60 991
Living cost
16 055
16 055
16 055
16 055
Free-cash
46 109
43 550
36 527
44 936

Estimated living cost  is ₴16055 per week

₴11014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2542
₴6056
₴54034
₴41567
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
accident
-
-
-
108
income
-
-
-
26 840
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
29 810
Employee
15 975
-
85 769
-
health
1 829
-
9 821
-
income
2 192
-
20 973
-
pensions
1 799
-
3 253
-
total
5 820
-
34 047
-
Employer
15 975
-
85 769
-
accident
267
-
1 432
-
unemployment
391
-
2 101
-
pensions
2 597
-
4 697
-
total
3 255
-
8 230
-
Corporate
74 769
94 000
-
-
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.

67 292
84 600
-
-
total
67 292
84 600
-
-
Dividends
7 477
9 400
-
-
withholding
1 421
1 786
-
-
total
1 421
1 786
-
-
Income
94 000
94 000
94 000
94 000
Total tax
77 788
86 386
42 277
29 810
After tax
16 212
7 614
51 723
64 190
Living cost
10 156
10 156
10 156
10 156
Free-cash
6 056
-2 542
41 567
54 034

Estimated living cost  is ₴10156 per week

₴7453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66123
₴64827
₴53592
₴63014
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 000
work injury
-
-
-
343
health insurance
-
-
-
5 070
income
-
-
-
15 779
pensions
-
-
-
12 607
unemployment
-
-
-
822
total
-
-
-
34 621
Employee

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

9 259
-
94 000
-
work injury
46
-
171
-
income
926
-
15 779
-
pensions
1 704
-
6 303
-
health insurance
685
-
2 535
-
unemployment
111
-
411
-
total
3 472
-
25 199
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
84 741
94 000
-
-
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%.

8 474
9 400
-
-
total
8 474
9 400
-
-
Dividends
76 267
84 600
-
-
withholding
11 440
12 690
-
-
total
11 440
12 690
-
-
Income
94 000
94 000
94 000
94 000
Total tax
23 386
22 090
25 199
34 621
After tax
70 614
71 910
68 801
59 379
Living cost
5 787
5 787
5 787
5 787
Free-cash
64 827
66 123
63 014
53 592

Estimated living cost  is ₴5787 per week

₴3585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
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.
₴1601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32405
₴30453
₴26863
₴23336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 000
municipal
-
-
-
653
regional
-
-
-
2 271
national
-
-
-
25 612
social contributions
-
-
-
21 493
total
-
-
-
50 029
Employee
36 187
-
94 000
-
social contributions
12 202
-
28 178
-
regional
546
-
2 048
-
municipal
216
-
592
-
national
6 115
-
22 738
-
total
19 079
-
53 556
-
Employer
36 187
-
94 000
-
total
-
-
-
-
Corporate
57 813
94 000
-
-
nationa
13 875
22 560
-
-
municipal
2 786
4 531
-
-
total
16 661
27 091
-
-
Dividends
41 152
66 909
-
-
withholding
10 699
17 396
-
-
total
10 699
17 396
-
-
Income
94 000
94 000
94 000
94 000
Total tax
46 439
44 487
53 556
50 029
After tax
47 561
49 513
40 444
43 971
Living cost
17 108
17 108
17 108
17 108
Free-cash
30 453
32 405
23 336
26 863

Estimated living cost  is ₴17108 per week

₴12017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
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.
₴3655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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