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
₴ 94500
per

Your estimated
City
free-cash

Dresden , Germany
₴34659
₴39395
₴33805
₴45553
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 500
trade
-
-
-
11 748
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.

-
-
-
31 325
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.

-
-
-
2 926
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.

-
-
-
1 723
total
-
-
-
47 722
Employee

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

16 381
-
94 500
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

2 926
-
2 926
-
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
-
1 723
-
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.

458
-
31 325
-
total
3 409
-
35 974
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
78 119
94 500
-
-
surtax

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

645
779
-
-
income
11 718
14 175
-
-
trade
12 304
14 884
-
-
chamber of commerce
177
201
-
-
total
24 844
30 039
-
-
Dividends
53 276
64 460
-
-
surtax

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

723
877
-
-
withholding
13 156
15 952
-
-
total
13 879
16 829
-
-
Income
94 500
94 500
94 500
94 500
Total tax
42 132
46 868
35 974
47 722
After tax
52 368
47 632
58 526
46 778
Living cost
12 973
12 973
12 973
12 973
Free-cash
39 395
34 659
45 553
33 805

Estimated living cost  is ₴12973 per week

₴8160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37327
₴36966
₴32303
₴32810
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
municipal
-
-
-
10 489
pensions
-
-
-
11 340
national
-
-
-
17 711
social contributions
-
-
-
1 016
total
-
-
-
40 556
Employee
33 548
-
81 694
-
municipal
4 144
-
10 855
-
pensions
1 342
-
3 268
-
national
6 421
-
18 512
-
total
11 907
-
32 635
-
Employer
33 548
-
81 694
-
social contributions
361
-
878
-
pensions
2 684
-
6 536
-
total
3 045
-
7 414
-
Corporate
55 693
94 500
-
-
income

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

11 139
18 900
-
-
total
11 139
18 900
-
-
Dividends
44 555
75 600
-
-
withholding
9 802
16 632
-
-
total
9 802
16 632
-
-
Income
94 500
94 500
94 500
94 500
Total tax
35 893
35 532
40 049
40 556
After tax
58 607
58 968
54 451
53 944
Living cost
21 641
21 641
21 641
21 641
Free-cash
36 966
37 327
32 810
32 303

Estimated living cost  is ₴21641 per week

₴14709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
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.
₴4596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66690
₴63176
₴25337
₴32079
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 500
microenterprise
-
-
-
-
income
-
-
-
19 745
surtax
-
-
-
24 098
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.

-
-
-
16 410
total
-
-
-
60 253
Employee
12 515
-
74 057
-
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.

1 377
-
5 615
-
surtax
-
-
10 738
-
income
2 228
-
16 716
-
total
3 605
-
33 069
-
Employer
12 515
-
74 057
-
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.

3 015
-
12 296
-
surtax
-
-
8 146
-
total
3 015
-
20 442
-
Corporate
78 971
94 500
-
-
income

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

15 794
18 900
-
-
total
15 794
18 900
-
-
Dividends

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

63 176
75 600
-
-
total
-
-
-
-
Income
94 500
94 500
94 500
94 500
Total tax
22 414
18 900
53 511
60 253
After tax
72 086
75 600
40 989
34 247
Living cost
8 910
8 910
8 910
8 910
Free-cash
63 176
66 690
32 079
25 337

Estimated living cost  is ₴8910 per week

₴5684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
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.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29128
₴26504
₴32904
₴42499
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
33 355
pensions
-
-
-
5 018
health
-
-
-
5 281
total
-
-
-
43 654
Employee
36 574
36 574
86 541
-
health
5 614
4 775
5 281
-
income

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

5 987
5 987
15 801
-
pensions
6 583
5 018
5 018
-
total
18 184
15 780
26 100
-
Employer
36 574
36 574
86 541
-
unemployment
1 317
1 317
1 636
-
pensions
2 546
2 546
3 164
-
health
2 542
2 542
3 159
-
total
6 405
6 405
7 959
-
Corporate
51 970
51 521
-
-
income
10 394
10 304
-
-
total
10 394
10 304
-
-
Dividends
41 576
41 217
-
-
income
8 835
8 758
-
-
withholding
6 236
6 183
-
-
total
15 071
14 941
-
-
Income
94 500
94 500
94 500
94 500
Total tax
50 054
47 430
34 059
43 654
After tax
44 446
47 070
60 441
50 846
Living cost
17 942
17 942
17 942
17 942
Free-cash
26 504
29 128
42 499
32 904

Estimated living cost  is ₴17942 per week

₴12715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35049
₴34678
₴30654
₴30254
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
municipal
-
-
-
25 047
accident
-
-
-
73
pensions
-
-
-
3 920
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
11 745
total
-
-
-
47 298
Employee
23 579
-
83 105
-
municipal
7 031
-
24 782
-
national
-
-
11 522
-
total
7 031
-
36 304
-
Employer
23 579
-
83 105
-
accident
47
-
73
-
other
2 740
-
4 214
-
unemployment
622
-
957
-
pensions
2 549
-
3 920
-
health
1 450
-
2 230
-
total
7 408
-
11 394
-
Corporate
63 512
94 500
-
-
income
13 973
20 790
-
-
total
13 973
20 790
-
-
Dividends
49 540
73 710
-
-
withholding
14 862
22 113
-
-
total
14 862
22 113
-
-
Income
94 500
94 500
94 500
94 500
Total tax
43 274
42 903
47 698
47 298
After tax
51 226
51 597
46 802
47 202
Living cost
16 548
16 548
16 548
16 548
Free-cash
34 678
35 049
30 254
30 654

Estimated living cost  is ₴16548 per week

₴10967
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.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30321
₴36339
₴29432
₴41701
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 500
trade
-
-
-
12 269
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.

-
-
-
31 325
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.

-
-
-
2 926
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.

-
-
-
1 723
total
-
-
-
48 243
Employee

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

21 719
-
94 500
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

2 926
-
2 926
-
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.

102
-
1 723
-
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.

1 866
-
31 325
-
total
4 894
-
35 974
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
72 781
94 500
-
-
surtax

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

601
779
-
-
income
10 917
14 175
-
-
trade
11 973
15 545
-
-
chamber of commerce
168
199
-
-
total
23 659
30 698
-
-
Dividends
49 122
63 801
-
-
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.

666
868
-
-
withholding
12 117
15 788
-
-
total
12 783
16 656
-
-
Income
94 500
94 500
94 500
94 500
Total tax
41 336
47 354
35 974
48 243
After tax
53 164
47 146
58 526
46 257
Living cost
16 825
16 825
16 825
16 825
Free-cash
36 339
30 321
41 701
29 432

Estimated living cost  is ₴16825 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
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.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54984
₴53209
₴49744
₴48964
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
21 524
health
-
-
-
2 410
social contributions
-
-
-
6 930
total
-
-
-
30 864
Employee
32 933
32 933
89 163
-
social contributions
1 600
2 733
3 687
-
health
328
560
1 516
-
income
3 458
3 049
21 104
-
total
5 386
6 342
26 307
-
Employer
32 933
32 933
89 163
-
social contributions
1 600
2 733
3 687
-
health
357
610
1 650
-
total
1 957
3 343
5 337
-
Corporate
73 265
58 224
-
-
income
9 158
7 278
-
-
total
9 158
7 278
-
-
Dividends
64 107
50 945
-
-
withholding
10 898
8 661
-
-
total
10 898
8 661
-
-
Income
94 500
94 500
94 500
94 500
Total tax
27 399
25 624
31 644
30 864
After tax
67 101
68 876
62 856
63 636
Living cost
13 892
13 892
13 892
13 892
Free-cash
53 209
54 984
48 964
49 744

Estimated living cost  is ₴13892 per week

₴9496
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45263
₴45427
₴57683
₴47000
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
11 553
pensions
-
-
-
9 450
unemployment
-
-
-
1 417
health
-
-
-
6 615
total
-
-
-
29 035
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.

11 233
4 471
79 079
-
health
786
313
5 536
-
income
1 373
547
9 667
-
pensions
1 123
447
7 908
-
unemployment
168
67
1 186
-
total
3 450
1 374
24 297
-
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.

11 233
4 471
79 079
-
pensions
2 190
872
15 421
-
total
2 190
872
15 421
-
Corporate
81 077
89 158
-
-
income
7 297
8 024
-
-
total
7 297
8 024
-
-
Dividends
73 780
81 134
-
-
social contributions
14 336
15 770
-
-
withholding
14 018
15 415
-
-
total
28 354
31 185
-
-
Income
94 500
94 500
94 500
94 500
Total tax
41 291
41 455
39 718
29 035
After tax
53 209
53 045
54 782
65 465
Living cost
7 782
7 782
7 782
7 782
Free-cash
45 427
45 263
47 000
57 683

Estimated living cost  is ₴7782 per week

₴5310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
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
₴65255
₴62594
₴40307
₴44122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
12 663
pensions
-
-
-
18 900
health
-
-
-
12 285
total
-
-
-
43 848
Employee
12 150
-
70 628
-
income
1 368
-
13 617
-
pensions
243
-
1 413
-
unemployment
194
-
1 130
-
total
1 805
-
16 160
-
Employer
12 150
-
70 628
-
unemployment
98
-
565
-
pensions
2 430
-
14 126
-
health
1 579
-
9 182
-
total
4 107
-
23 873
-
Corporate
78 243
94 500
-
-
income
15 649
18 900
-
-
total
15 649
18 900
-
-
Dividends
62 594
75 600
-
-
total
-
-
-
-
Income
94 500
94 500
94 500
94 500
Total tax
21 561
18 900
40 033
43 848
After tax
72 939
75 600
54 467
50 652
Living cost
10 345
10 345
10 345
10 345
Free-cash
62 594
65 255
44 122
40 307

Estimated living cost  is ₴10345 per week

₴7095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1712
₴6219
₴55162
₴42650
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
accident
-
-
-
108
income
-
-
-
27 004
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
29 971
Employee
14 735
-
86 255
-
health
1 687
-
9 876
-
income
2 022
-
21 115
-
pensions
1 659
-
3 248
-
total
5 368
-
34 239
-
Employer
14 735
-
86 255
-
accident
246
-
1 440
-
unemployment
361
-
2 113
-
pensions
2 396
-
4 691
-
total
3 003
-
8 244
-
Corporate
76 762
94 500
-
-
income

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

69 085
85 050
-
-
total
69 085
85 050
-
-
Dividends
7 676
9 450
-
-
withholding
1 458
1 795
-
-
total
1 458
1 795
-
-
Income
94 500
94 500
94 500
94 500
Total tax
78 914
86 845
42 483
29 971
After tax
15 586
7 655
52 017
64 529
Living cost
9 367
9 367
9 367
9 367
Free-cash
6 219
-1 712
42 650
55 162

Estimated living cost  is ₴9367 per week

₴6865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
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.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴85922
₴85200
₴89702
₴71747
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
94 500
microenterprise

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

-
-
-
945
total
-
-
-
945
Employee
4 817
-
94 500
-
income
963
-
18 900
-
total
963
-
18 900
-
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%.

89 683
94 500
-
-
total
-
-
-
-
Dividends
89 683
94 500
-
-
withholding
4 484
4 725
-
-
total
4 484
4 725
-
-
Income
94 500
94 500
94 500
94 500
Total tax
5 447
4 725
18 900
945
After tax
89 053
89 775
75 600
93 555
Living cost
3 854
3 854
3 854
3 854
Free-cash
85 200
85 922
71 747
89 702

Estimated living cost  is ₴3854 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58017
₴55126
₴45083
₴44297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
16 415
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.

-
-
-
15 631
other
-
-
-
3 093
health
-
-
-
2 866
total
-
-
-
38 005
Employee
15 551
-
77 985
-
health
218
-
912
-
income
2 677
-
16 154
-
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.

1 088
-
4 559
-
unemployment
155
-
651
-
total
4 138
-
22 276
-
Employer
15 551
-
77 985
-
accident
124
-
624
-
other
778
-
3 256
-
unemployment
155
-
651
-
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.

2 644
-
11 072
-
health
218
-
912
-
total
3 919
-
16 515
-
Corporate
75 030
94 500
-
-
income
15 756
19 845
-
-
total
15 756
19 845
-
-
Dividends
59 274
74 655
-
-
withholding
4 149
5 226
-
-
total
4 149
5 226
-
-
Income
94 500
94 500
94 500
94 500
Total tax
27 962
25 071
38 791
38 005
After tax
66 538
69 429
55 709
56 495
Living cost
11 412
11 412
11 412
11 412
Free-cash
55 126
58 017
44 297
45 083

Estimated living cost  is ₴11412 per week

₴8063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴770
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.
₴2394
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31088
₴34548
₴32511
₴24060
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
29 004
pensions
-
-
-
4 242
total
-
-
-
33 246
Employee
40 666
-
82 377
-
health
670
-
1 122
-
income
7 331
-
23 372
-
pensions
3 923
-
5 081
-
total
11 924
-
29 575
-
Employer
40 666
-
82 377
-
pensions
4 802
-
10 557
-
health
772
-
1 565
-
total
5 574
-
12 122
-
Corporate
48 260
94 500
-
-
income

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

9 170
17 955
-
-
total
9 170
17 955
-
-
Dividends
39 090
76 545
-
-
withholding
4 541
16 714
-
-
total
4 541
16 714
-
-
Income
94 500
94 500
94 500
94 500
Total tax
31 209
34 669
41 697
33 246
After tax
63 291
59 831
52 803
61 254
Living cost
28 743
28 743
28 743
28 743
Free-cash
34 548
31 088
24 060
32 511

Estimated living cost  is ₴28743 per week

₴21537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
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.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴75179
₴73188
₴70708
₴74619
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
14 175
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
18 173
Employee
7 440
-
91 563
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
9 156
-
pensions

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

653
-
1 314
-
total
1 821
-
11 324
-
Employer
7 440
-
91 563
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
85 600
94 500
-
-
income
8 560
9 450
-
-
total
8 560
9 450
-
-
Dividends
77 040
85 050
-
-
withholding
3 852
4 252
-
-
total
3 852
4 252
-
-
Income
94 500
94 500
94 500
94 500
Total tax
15 693
13 702
14 262
18 173
After tax
78 807
80 798
80 238
76 327
Living cost
5 619
5 619
5 619
5 619
Free-cash
73 188
75 179
74 619
70 708

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
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.
₴1789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23321
₴24399
₴27097
₴36692
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
33 355
pensions
-
-
-
5 018
health
-
-
-
5 281
total
-
-
-
43 654
Employee
39 708
36 574
86 541
-
health
4 954
4 775
5 281
-
income

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

5 987
5 987
15 801
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
26 100
-
Employer
39 708
36 574
86 541
-
unemployment
1 430
1 317
1 636
-
pensions
2 763
2 546
3 164
-
health
2 759
2 542
3 159
-
total
6 952
6 405
7 959
-
Corporate
47 840
51 521
-
-
income
9 568
10 304
-
-
total
9 568
10 304
-
-
Dividends
38 272
41 217
-
-
income
8 132
8 758
-
-
withholding
5 741
6 183
-
-
total
13 873
14 941
-
-
Income
94 500
94 500
94 500
94 500
Total tax
46 352
47 430
34 059
43 654
After tax
48 148
47 070
60 441
50 846
Living cost
23 749
23 749
23 749
23 749
Free-cash
24 399
23 321
36 692
27 097

Estimated living cost  is ₴23749 per week

₴17519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54806
₴51147
₴45528
₴41392
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
10 047
health
-
-
-
12 758
solidarity contribution
-
-
-
1 151
social contributions
-
-
-
14 759
total
-
-
-
38 715
Employee
15 084
-
75 104
-
social contributions
980
-
3 285
-
health
2 036
-
10 139
-
solidarity contribution
-
-
779
-
income
1 810
-
9 252
-
total
4 826
-
23 455
-
Employer
15 084
-
75 104
-
social contributions
3 771
-
12 637
-
health
1 358
-
6 759
-
total
5 129
-
19 396
-
Corporate
74 288
94 500
-
-
income
14 115
17 955
-
-
total
14 115
17 955
-
-
Dividends
60 173
76 545
-
-
withholding
9 026
11 482
-
-
total
9 026
11 482
-
-
Income
94 500
94 500
94 500
94 500
Total tax
33 096
29 437
42 851
38 715
After tax
61 404
65 063
51 649
55 785
Living cost
10 257
10 257
10 257
10 257
Free-cash
51 147
54 806
41 392
45 528

Estimated living cost  is ₴10257 per week

₴7125
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.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32347
₴30110
₴27356
₴23724
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
municipal
-
-
-
584
regional
-
-
-
1 186
national
-
-
-
25 866
social contributions
-
-
-
21 436
total
-
-
-
49 072
Employee
38 064
-
94 500
-
social contributions
12 835
-
28 103
-
regional
359
-
1 070
-
municipal
202
-
532
-
national
6 596
-
22 999
-
total
19 992
-
52 704
-
Employer
38 064
-
94 500
-
total
-
-
-
-
Corporate
56 436
94 500
-
-
nationa
13 545
22 680
-
-
municipal
2 201
3 686
-
-
total
15 746
26 366
-
-
Dividends
40 691
68 134
-
-
withholding
10 580
17 715
-
-
total
10 580
17 715
-
-
Income
94 500
94 500
94 500
94 500
Total tax
46 318
44 081
52 704
49 072
After tax
48 182
50 419
41 796
45 428
Living cost
18 072
18 072
18 072
18 072
Free-cash
30 110
32 347
23 724
27 356

Estimated living cost  is ₴18072 per week

₴12598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49990
₴48655
₴35016
₴32397
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
29 496
pensions
-
-
-
11 432
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
4 949
total
-
-
-
50 033
Employee
14 163
-
82 468
-
other
-
-
-
-
health
362
-
1 457
-
surtax
46
-
4 437
-
income
2 374
-
26 934
-
pensions
944
-
3 813
-
unemployment
986
-
3 978
-
total
4 712
-
40 619
-
Employer
14 163
-
82 468
-
other
-
-
-
-
unemployment
449
-
1 812
-
pensions
1 888
-
7 620
-
health
645
-
2 601
-
total
2 982
-
12 033
-
Corporate
77 356
94 500
-
-
income
20 113
24 570
-
-
total
20 113
24 570
-
-
Dividends
57 243
69 930
-
-
withholding
8 587
10 489
-
-
total
8 587
10 489
-
-
Income
94 500
94 500
94 500
94 500
Total tax
36 394
35 059
52 652
50 033
After tax
58 106
59 441
41 848
44 467
Living cost
9 451
9 451
9 451
9 451
Free-cash
48 655
49 990
32 397
35 016

Estimated living cost  is ₴9451 per week

₴5779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
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.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40195
₴43035
₴41618
₴33167
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
29 004
pensions
-
-
-
4 242
total
-
-
-
33 246
Employee
27 254
-
82 377
-
health
396
-
1 122
-
income
4 908
-
23 372
-
pensions
2 313
-
5 081
-
total
7 617
-
29 575
-
Employer
27 254
-
82 377
-
pensions
2 950
-
10 557
-
health
518
-
1 565
-
total
3 468
-
12 122
-
Corporate
63 779
94 500
-
-
income

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

12 118
17 955
-
-
total
12 118
17 955
-
-
Dividends
51 661
76 545
-
-
withholding
8 626
16 714
-
-
total
8 626
16 714
-
-
Income
94 500
94 500
94 500
94 500
Total tax
31 829
34 669
41 697
33 246
After tax
62 671
59 831
52 803
61 254
Living cost
19 636
19 636
19 636
19 636
Free-cash
43 035
40 195
33 167
41 618

Estimated living cost  is ₴19636 per week

₴14711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
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.
₴3247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴10843
₴24694
₴42626
₴39162
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
city
-
-
-
996
pensions
-
-
-
8 693
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.

-
-
-
1 890
regional
-
-
-
5 286
health
-
-
-
213
national
-
-
-
2 427
total
-
-
-
19 505
Employee
37 880
-
85 044
-
city
407
-
919
-
regional
1 240
-
4 708
-
health
86
-
191
-
pensions
3 182
-
6 628
-
unemployment
-
-
-
-
national
179
-
2 003
-
total
5 094
-
14 449
-
Employer
37 880
-
85 044
-
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.

757
-
1 701
-
unemployment
-
-
-
-
pensions
3 182
-
6 628
-
health
86
-
191
-
total
4 025
-
8 520
-
Corporate
52 178
94 500
-
-
regional
11 035
19 987
-
-
national
4 435
8 033
-
-
total
15 470
28 020
-
-
Dividends
36 707
66 481
-
-
withholding
12 848
23 268
-
-
total
12 848
23 268
-
-
Income
94 500
94 500
94 500
94 500
Total tax
37 437
51 288
22 969
19 505
After tax
57 063
43 212
71 531
74 995
Living cost
32 369
32 369
32 369
32 369
Free-cash
24 694
10 843
39 162
42 626

Estimated living cost  is ₴32369 per week

₴21049
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴27041
₴33983
₴26114
₴38906
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 500
trade
-
-
-
12 792
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.

-
-
-
31 325
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.

-
-
-
2 926
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.

-
-
-
1 723
total
-
-
-
48 766
Employee

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

25 739
-
94 500
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

2 926
-
2 926
-
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
-
1 723
-
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.

3 027
-
31 325
-
total
6 120
-
35 974
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 761
94 500
-
-
surtax

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

567
779
-
-
income
10 314
14 175
-
-
trade
11 792
16 206
-
-
chamber of commerce
162
198
-
-
total
22 835
31 358
-
-
Dividends
45 925
63 140
-
-
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.

623
859
-
-
withholding
11 319
15 622
-
-
total
11 942
16 481
-
-
Income
94 500
94 500
94 500
94 500
Total tax
40 897
47 839
35 974
48 766
After tax
53 603
46 661
58 526
45 734
Living cost
19 620
19 620
19 620
19 620
Free-cash
33 983
27 041
38 906
26 114

Estimated living cost  is ₴19620 per week

₴14330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1569
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3466
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32974
₴35506
₴37219
₴34569
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
17 381
pensions
-
-
-
15 035
other
-
-
-
2 929
health
-
-
-
4 590
surtax
-
-
-
-
social contributions
-
-
-
2 693
total
-
-
-
42 628
Employee
18 330
-
72 163
-
social contributions
523
-
2 056
-
surtax
-
-
-
-
income
1 082
-
15 463
-
pensions
2 073
-
5 422
-
total
3 678
-
22 941
-
Employer
18 330
-
72 163
-
other
632
-
2 987
-
social contributions
55
-
216
-
unemployment
742
-
2 923
-
pensions
3 011
-
9 056
-
health
1 283
-
7 155
-
total
5 723
-
22 337
-
Corporate
70 446
94 500
-
-
surtax
-
-
-
-
income
19 725
26 460
-
-
total
19 725
26 460
-
-
Dividends
50 721
68 040
-
-
surtax
-
-
-
-
social contributions
8 723
11 704
-
-
withholding
6 492
8 709
-
-
total
15 215
20 413
-
-
Income
94 500
94 500
94 500
94 500
Total tax
44 341
46 873
45 278
42 628
After tax
50 159
47 627
49 222
51 872
Living cost
14 653
14 653
14 653
14 653
Free-cash
35 506
32 974
34 569
37 219

Estimated living cost  is ₴14653 per week

₴9239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
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.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34426
₴36806
₴38671
₴36021
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
17 381
pensions
-
-
-
15 035
other
-
-
-
2 929
health
-
-
-
4 590
surtax
-
-
-
-
social contributions
-
-
-
2 693
total
-
-
-
42 628
Employee
16 362
-
72 163
-
social contributions
467
-
2 056
-
surtax
-
-
-
-
income
844
-
15 463
-
pensions
1 851
-
5 422
-
total
3 162
-
22 941
-
Employer
16 362
-
72 163
-
other
565
-
2 987
-
social contributions
49
-
216
-
unemployment
662
-
2 923
-
pensions
2 689
-
9 056
-
health
1 145
-
7 155
-
total
5 110
-
22 337
-
Corporate
73 028
94 500
-
-
surtax
-
-
-
-
income
20 447
26 460
-
-
total
20 447
26 460
-
-
Dividends
52 581
68 040
-
-
surtax
-
-
-
-
social contributions
9 044
11 704
-
-
withholding
6 730
8 709
-
-
total
15 774
20 413
-
-
Income
94 500
94 500
94 500
94 500
Total tax
44 493
46 873
45 278
42 628
After tax
50 007
47 627
49 222
51 872
Living cost
13 201
13 201
13 201
13 201
Free-cash
36 806
34 426
36 021
38 671

Estimated living cost  is ₴13201 per week

₴7656
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
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.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48572
₴48794
₴51606
₴49097
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
14 175
health
-
-
-
6 596
social contributions
-
-
-
13 041
total
-
-
-
33 812
Employee
14 522
-
94 500
-
social contributions
2 004
-
13 041
-
health
1 014
-
6 596
-
income
2 422
-
16 684
-
total
5 440
-
36 321
-
Employer
14 522
-
94 500
-
total
-
-
-
-
Corporate
79 978
94 500
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

3 999
4 725
-
-
total
3 999
4 725
-
-
Dividends
75 980
89 775
-
-
health
5 303
6 266
-
-
social contributions
10 485
12 389
-
-
withholding
11 397
13 466
-
-
total
27 185
32 121
-
-
Income
94 500
94 500
94 500
94 500
Total tax
36 624
36 846
36 321
33 812
After tax
57 876
57 654
58 179
60 688
Living cost
9 082
9 082
9 082
9 082
Free-cash
48 794
48 572
49 097
51 606

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
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.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37015
₴36351
₴33350
₴9704
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
chamber of commerce
-
-
-
378
income
-
-
-
29 885
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
85
total
-
-
-
46 059
Employee
21 404
17 068
77 976
-
other
214
171
501
-
health
828
661
1 936
-
income
2 437
1 259
25 032
-
pensions
2 192
1 747
5 124
-
unemployment
642
512
1 501
-
total
6 313
4 350
34 094
-
Employer
21 404
17 068
77 976
-
accident
278
222
650
-
other
1 017
810
3 466
-
chamber of commerce
85
68
312
-
unemployment
642
512
1 501
-
surtax
85
85
85
-
pensions
2 686
2 142
6 279
-
payroll
642
512
2 339
-
health
809
645
1 891
-
total
6 244
4 996
16 523
-
Corporate
66 852
72 435
76 350
-
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.

16 713
18 109
19 088
-
total
16 713
18 109
19 088
-
Dividends
50 140
54 326
-
-
withholding
13 788
14 939
-
-
total
13 788
14 939
-
-
Income
94 500
94 500
94 500
94 500
Total tax
43 058
42 394
69 705
46 059
After tax
51 442
52 106
24 795
48 441
Living cost
15 091
15 091
15 091
15 091
Free-cash
36 351
37 015
9 704
33 350

Estimated living cost  is ₴15091 per week

₴10065
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36345
₴30772
₴25477
₴16591
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
national
-
-
-
37 700
communal

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

-
-
-
5 029
social contributions
-
-
-
10 678
total
-
-
-
53 407
Employee

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

30 636
-
73 193
-
communal

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

1 598
-
3 818
-
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.

1 439
-
3 440
-
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.

2 298
-
5 489
-
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
-
636
-
national
9 419
-
27 603
-
total
15 021
-
40 986
-
Employer

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

30 636
-
73 193
-
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.

398
-
952
-
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.

447
-
1 069
-
surtax
3 474
-
8 300
-
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.

2 715
-
6 485
-
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.

1 884
-
4 501
-
total
8 918
-
21 307
-
Corporate
54 947
94 500
-
-
surtax
219
402
-
-
income
10 989
20 090
-
-
total
11 208
20 492
-
-
Dividends
43 738
74 009
-
-
withholding

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

12 965
22 047
-
-
total
12 965
22 047
-
-
Income
94 500
94 500
94 500
94 500
Total tax
48 112
42 539
62 293
53 407
After tax
46 388
51 961
32 207
41 093
Living cost
15 616
15 616
15 616
15 616
Free-cash
30 772
36 345
16 591
25 477

Estimated living cost  is ₴15616 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1365
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.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47293
₴44359
₴37352
₴35555
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
accident
-
-
-
358
income
-
-
-
29 771
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
41 681
Employee
21 319
-
81 845
-
other
21
-
40
-
income
4 498
-
28 301
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 852
-
30 822
-
Employer
21 319
-
81 845
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
66 385
94 500
-
-
income

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

9 958
14 175
-
-
total
9 958
14 175
-
-
Dividends
56 427
80 325
-
-
withholding
12 068
17 565
-
-
total
12 068
17 565
-
-
Income
94 500
94 500
94 500
94 500
Total tax
34 674
31 740
43 478
41 681
After tax
59 826
62 760
51 022
52 819
Living cost
15 467
15 467
15 467
15 467
Free-cash
44 359
47 293
35 555
37 352

Estimated living cost  is ₴15467 per week

₴11390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
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.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30396
₴24514
₴21312
₴25079
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
accident
-
-
-
797
income
-
-
-
17 654
pensions
-
-
-
14 165
health
-
-
-
6 640
surtax
-
-
-
4 685
communal
-
-
-
5 972
total
-
-
-
49 913
Employee
32 434
-
84 412
-
health
1 443
-
3 757
-
surtax
1 988
-
5 173
-
income
3 133
-
20 375
-
pensions
2 594
-
6 753
-
total
9 158
-
36 058
-
Employer
32 434
-
84 412
-
accident
292
-
760
-
pensions
2 594
-
6 753
-
health
989
-
2 575
-
total
3 875
-
10 088
-
Corporate
58 191
94 500
-
-
surtax
611
992
-
-
communal
3 928
6 379
-
-
income
8 728
14 175
-
-
total
13 267
21 546
-
-
Dividends
44 923
72 954
-
-
income
13 672
8 340
-
-
withholding
6 739
10 943
-
-
total
20 411
19 283
-
-
Income
94 500
94 500
94 500
94 500
Total tax
46 711
40 829
46 146
49 913
After tax
47 789
53 671
48 354
44 587
Living cost
23 275
23 275
23 275
23 275
Free-cash
24 514
30 396
25 079
21 312

Estimated living cost  is ₴23275 per week

₴17460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴49821
₴48458
₴34847
₴32228
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
29 496
pensions
-
-
-
11 432
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
4 949
total
-
-
-
50 033
Employee
14 423
-
82 468
-
other
-
-
-
-
health
368
-
1 457
-
surtax
51
-
4 437
-
income
2 418
-
26 934
-
pensions
962
-
3 813
-
unemployment
1 004
-
3 978
-
total
4 803
-
40 619
-
Employer
14 423
-
82 468
-
other
-
-
-
-
unemployment
458
-
1 812
-
pensions
1 923
-
7 620
-
health
656
-
2 601
-
total
3 037
-
12 033
-
Corporate
77 040
94 500
-
-
income
20 030
24 570
-
-
total
20 030
24 570
-
-
Dividends
57 010
69 930
-
-
withholding
8 552
10 489
-
-
total
8 552
10 489
-
-
Income
94 500
94 500
94 500
94 500
Total tax
36 422
35 059
52 652
50 033
After tax
58 078
59 441
41 848
44 467
Living cost
9 620
9 620
9 620
9 620
Free-cash
48 458
49 821
32 228
34 847

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
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.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38134
₴37184
₴33594
₴29981
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
municipal
-
-
-
584
regional
-
-
-
1 483
national
-
-
-
25 866
social contributions
-
-
-
21 436
total
-
-
-
49 369
Employee
23 758
-
94 500
-
social contributions
8 011
-
28 103
-
regional
320
-
1 348
-
municipal
126
-
532
-
national
3 764
-
22 999
-
total
12 221
-
52 982
-
Employer
23 758
-
94 500
-
total
-
-
-
-
Corporate
70 742
94 500
-
-
nationa
16 978
22 680
-
-
municipal
3 516
4 697
-
-
total
20 494
27 377
-
-
Dividends
50 248
67 123
-
-
withholding
13 064
17 452
-
-
total
13 064
17 452
-
-
Income
94 500
94 500
94 500
94 500
Total tax
45 779
44 829
52 982
49 369
After tax
48 721
49 671
41 518
45 131
Living cost
11 537
11 537
11 537
11 537
Free-cash
37 184
38 134
29 981
33 594

Estimated living cost  is ₴11537 per week

₴7175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
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.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52424
₴47915
₴43146
₴39010
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
10 047
health
-
-
-
12 758
solidarity contribution
-
-
-
1 151
social contributions
-
-
-
14 759
total
-
-
-
38 715
Employee
18 587
-
75 104
-
social contributions
1 208
-
3 285
-
health
2 509
-
10 139
-
solidarity contribution
-
-
779
-
income
2 230
-
9 252
-
total
5 947
-
23 455
-
Employer
18 587
-
75 104
-
social contributions
4 647
-
12 637
-
health
1 673
-
6 759
-
total
6 320
-
19 396
-
Corporate
69 593
94 500
-
-
income
13 223
17 955
-
-
total
13 223
17 955
-
-
Dividends
56 370
76 545
-
-
withholding
8 456
11 482
-
-
total
8 456
11 482
-
-
Income
94 500
94 500
94 500
94 500
Total tax
33 946
29 437
42 851
38 715
After tax
60 554
65 063
51 649
55 785
Living cost
12 639
12 639
12 639
12 639
Free-cash
47 915
52 424
39 010
43 146

Estimated living cost  is ₴12639 per week

₴9399
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
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.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38488
₴38273
₴34862
₴11153
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
chamber of commerce
-
-
-
378
income
-
-
-
29 885
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
-
total
-
-
-
45 974
Employee
18 722
17 068
78 055
-
other
187
171
501
-
health
724
661
1 936
-
income
1 668
1 259
25 070
-
pensions
1 917
1 747
5 124
-
unemployment
562
512
1 501
-
total
5 058
4 350
34 132
-
Employer
18 722
17 068
78 055
-
accident
243
222
650
-
other
889
810
3 469
-
chamber of commerce
75
68
312
-
unemployment
562
512
1 501
-
surtax
-
-
-
-
pensions
2 350
2 142
6 279
-
payroll
562
512
2 342
-
health
708
645
1 891
-
total
5 389
4 911
16 444
-
Corporate
70 390
72 520
76 430
-
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.

17 598
18 130
19 107
-
total
17 598
18 130
19 107
-
Dividends
52 793
54 389
-
-
withholding
14 518
14 957
-
-
total
14 518
14 957
-
-
Income
94 500
94 500
94 500
94 500
Total tax
42 563
42 348
69 683
45 974
After tax
51 937
52 152
24 817
48 526
Living cost
13 664
13 664
13 664
13 664
Free-cash
38 273
38 488
11 153
34 862

Estimated living cost  is ₴13664 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
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.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴83770
₴82644
₴87550
₴69595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
94 500
microenterprise

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

-
-
-
945
total
-
-
-
945
Employee
7 506
-
94 500
-
income
1 501
-
18 900
-
total
1 501
-
18 900
-
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%.

86 994
94 500
-
-
total
-
-
-
-
Dividends
86 994
94 500
-
-
withholding
4 350
4 725
-
-
total
4 350
4 725
-
-
Income
94 500
94 500
94 500
94 500
Total tax
5 851
4 725
18 900
945
After tax
88 649
89 775
75 600
93 555
Living cost
6 005
6 005
6 005
6 005
Free-cash
82 644
83 770
69 595
87 550

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
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.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53575
₴49992
₴32581
₴30527
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 500
income
-
-
-
23 733
pensions
-
-
-
17 258
unemployment
-
-
-
141
health
-
-
-
9 299
total
-
-
-
50 431
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.

18 939
-
81 768
-
health
1 223
-
5 283
-
income
3 266
-
21 681
-
pensions
2 936
-
12 674
-
unemployment
27
-
115
-
total
7 452
-
39 753
-
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.

18 939
-
81 768
-
unemployment
11
-
49
-
pensions
1 676
-
7 237
-
health
1 261
-
5 446
-
total
2 948
-
12 732
-
Corporate
72 612
94 500
-
-
income
13 797
17 955
-
-
total
13 797
17 955
-
-
Dividends
58 816
76 545
-
-
withholding
8 823
11 482
-
-
total
8 823
11 482
-
-
Income
94 500
94 500
94 500
94 500
Total tax
33 020
29 437
52 485
50 431
After tax
61 480
65 063
42 015
44 069
Living cost
11 488
11 488
11 488
11 488
Free-cash
49 992
53 575
30 527
32 581

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
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.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39004
₴18621
₴46817
₴70372
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
18 420
social contributions
-
-
-
10 773
total
-
-
-
29 193
Employee
26 512
-
-
-
social contributions
2 174
-
310
-
income
5 848
-
-
-
total
8 022
-
310
-
Employer
26 512
-
-
-
social contributions
37 382
-
5 328
-
total
37 382
-
5 328
-
Corporate
30 606
94 500
-
-
income
6 733
20 790
-
-
total
6 733
20 790
-
-
Dividends
23 873
73 710
-
-
income
5 252
16 216
-
-
total
5 252
16 216
-
-
Income
94 500
94 500
94 500
94 500
Total tax
57 389
37 006
5 638
29 193
After tax
37 111
57 494
88 862
65 307
Living cost
18 490
18 490
18 490
18 490
Free-cash
18 621
39 004
70 372
46 817

Estimated living cost  is ₴18490 per week

₴11997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1739
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴40318
₴39886
₴35952
₴28641
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 500
income
-
-
-
12 275
surtax
-
-
-
-
social contributions

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

-
-
-
32 839
total
-
-
-
45 114
Employee
19 698
-
76 363
-
social contributions
2 167
-
8 400
-
surtax
-
-
74
-
income
4 097
-
25 815
-
total
6 264
-
34 289
-
Employer
19 698
-
76 363
-
social contributions
4 678
-
18 136
-
total
4 678
-
18 136
-
Corporate
70 124
94 500
-
-
surtax
-
-
-
-
income
14 726
19 845
-
-
total
14 726
19 845
-
-
Dividends
55 398
74 655
-
-
withholding
15 512
20 903
-
-
total
15 512
20 903
-
-
Income
94 500
94 500
94 500
94 500
Total tax
41 180
40 748
52 425
45 114
After tax
53 320
53 752
42 075
49 386
Living cost
13 434
13 434
13 434
13 434
Free-cash
39 886
40 318
28 641
35 952

Estimated living cost  is ₴13434 per week

₴10051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
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.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26941
₴29885
₴31186
₴28536
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
17 381
pensions
-
-
-
15 035
other
-
-
-
2 929
health
-
-
-
4 590
surtax
-
-
-
-
social contributions
-
-
-
2 693
total
-
-
-
42 628
Employee
26 825
-
72 163
-
social contributions
764
-
2 056
-
surtax
-
-
-
-
income
2 341
-
15 463
-
pensions
3 034
-
5 422
-
total
6 139
-
22 941
-
Employer
26 825
-
72 163
-
other
926
-
2 987
-
social contributions
80
-
216
-
unemployment
1 087
-
2 923
-
pensions
4 408
-
9 056
-
health
1 877
-
7 155
-
total
8 378
-
22 337
-
Corporate
59 297
94 500
-
-
surtax
-
-
-
-
income
16 603
26 460
-
-
total
16 603
26 460
-
-
Dividends
42 694
68 040
-
-
surtax
-
-
-
-
social contributions
7 344
11 704
-
-
withholding
5 465
8 709
-
-
total
12 809
20 413
-
-
Income
94 500
94 500
94 500
94 500
Total tax
43 929
46 873
45 278
42 628
After tax
50 571
47 627
49 222
51 872
Living cost
20 686
20 686
20 686
20 686
Free-cash
29 885
26 941
28 536
31 186

Estimated living cost  is ₴20686 per week

₴14000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
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.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴72176
₴70738
₴56066
₴58577
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
4 770
social contributions
-
-
-
20 790
total
-
-
-
25 560
Employee
13 769
-
81 818
-
income
-
-
5 049
-
social contributions
895
-
5 318
-
total
895
-
10 367
-
Employer
13 769
-
81 818
-
social contributions
2 134
-
12 682
-
total
2 134
-
12 682
-
Corporate
78 597
94 500
-
-
income
7 859
9 450
-
-
total
7 859
9 450
-
-
Dividends
70 737
85 050
-
-
total
-
-
-
-
Income
94 500
94 500
94 500
94 500
Total tax
10 888
9 450
23 049
25 560
After tax
83 612
85 050
71 451
68 940
Living cost
12 874
12 874
12 874
12 874
Free-cash
70 738
72 176
58 577
56 066

Estimated living cost  is ₴12874 per week

₴8324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1145
₴652
₴34000
₴1145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
municipal
-
-
-
20 250
pensions
-
-
-
371
national
-
-
-
11 714
labour market
-
-
-
7 530
total
-
-
-
39 865
Employee
87 097
87 097
87 097
-
labour market
6 958
6 958
6 958
-
national
10 640
10 640
10 640
-
municipal
18 547
18 547
18 547
-
pensions
124
124
124
-
total
36 269
36 269
36 269
-
Employer
87 097
87 097
87 097
-
labour market
6 968
6 968
6 968
-
municipal
18 576
18 576
18 576
-
pensions
248
248
248
-
national
10 659
10 659
10 659
-
total
36 451
36 451
36 451
-
Corporate
1 145
-
-
-
income
252
-
-
-
total
252
-
-
-
Dividends
893
-
-
-
withholding
241
-
-
-
total
241
-
-
-
Income
94 500
94 500
94 500
94 500
Total tax
73 213
72 720
72 720
39 865
After tax
21 287
21 780
21 780
54 635
Living cost
20 635
20 635
20 635
20 635
Free-cash
652
1 145
1 145
34 000

Estimated living cost  is ₴20635 per week

₴14123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1825
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1574
₴6238
₴55300
₴42788
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
accident
-
-
-
108
income
-
-
-
27 004
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
29 971
Employee
14 518
-
86 255
-
health
1 662
-
9 876
-
income
1 992
-
21 115
-
pensions
1 635
-
3 248
-
total
5 289
-
34 239
-
Employer
14 518
-
86 255
-
accident
242
-
1 440
-
unemployment
356
-
2 113
-
pensions
2 361
-
4 691
-
total
2 959
-
8 244
-
Corporate
77 023
94 500
-
-
income

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

69 321
85 050
-
-
total
69 321
85 050
-
-
Dividends
7 702
9 450
-
-
withholding
1 464
1 795
-
-
total
1 464
1 795
-
-
Income
94 500
94 500
94 500
94 500
Total tax
79 033
86 845
42 483
29 971
After tax
15 467
7 655
52 017
64 529
Living cost
9 229
9 229
9 229
9 229
Free-cash
6 238
-1 574
42 788
55 300

Estimated living cost  is ₴9229 per week

₴6718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
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.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41588
₴42913
₴41740
₴30915
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
94 500
municipal
-
-
-
16 780
health
-
-
-
1 277
national
-
-
-
18 260
total
-
-
-
36 317
Employee
22 533
-
79 498
-
health
168
-
1 045
-
municipal
3 691
-
12 941
-
pensions
1 521
-
5 366
-
unemployment
338
-
1 192
-
national
372
-
11 596
-
total
6 090
-
32 140
-
Employer
22 533
-
79 498
-
accident
23
-
80
-
unemployment
146
-
517
-
pensions
3 909
-
13 793
-
health
173
-
612
-
total
4 251
-
15 002
-
Corporate
67 715
94 500
-
-
income
13 543
18 900
-
-
total
13 543
18 900
-
-
Dividends

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

40 629
56 700
-
-
national
3 947
7 363
-
-
municipal
7 313
10 206
-
-
total
11 260
17 569
-
-
Income
94 500
94 500
94 500
94 500
Total tax
35 144
36 469
47 142
36 317
After tax
59 356
58 031
47 358
58 183
Living cost
16 443
16 443
16 443
16 443
Free-cash
42 913
41 588
30 915
41 740

Estimated living cost  is ₴16443 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
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.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58960
₴56630
₴53720
₴52940
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
21 524
health
-
-
-
2 410
social contributions
-
-
-
6 930
total
-
-
-
30 864
Employee
32 933
32 933
89 163
-
social contributions
1 245
2 733
3 687
-
health
255
560
1 516
-
income
3 586
3 049
21 104
-
total
5 086
6 342
26 307
-
Employer
32 933
32 933
89 163
-
social contributions
1 245
2 733
3 687
-
health
277
610
1 650
-
total
1 522
3 343
5 337
-
Corporate
77 975
58 224
-
-
income
9 747
7 278
-
-
total
9 747
7 278
-
-
Dividends
68 229
50 945
-
-
withholding
11 599
8 661
-
-
total
11 599
8 661
-
-
Income
94 500
94 500
94 500
94 500
Total tax
27 954
25 624
31 644
30 864
After tax
66 546
68 876
62 856
63 636
Living cost
9 916
9 916
9 916
9 916
Free-cash
56 630
58 960
52 940
53 720

Estimated living cost  is ₴9916 per week

₴5943
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.
₴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.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴71455
₴69276
₴73642
₴65052
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
94 500
income
-
-
-
9 772
pensions
-
-
-
2 724
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
14 058
Employee

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

9 831
-
90 314
-
health
836
-
3 454
-
income
672
-
8 710
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
18 463
-
Employer

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

9 831
-
90 314
-
unemployment
49
-
203
-
pensions
540
-
2 235
-
health
423
-
1 747
-
total
1 012
-
4 185
-
Corporate
83 657
94 500
-
-
income
7 529
8 505
-
-
total
7 529
8 505
-
-
Dividends
76 128
85 995
-
-
withholding
6 852
7 740
-
-
total
6 852
7 740
-
-
Income
94 500
94 500
94 500
94 500
Total tax
18 424
16 245
22 648
14 058
After tax
76 076
78 255
71 852
80 442
Living cost
6 800
6 800
6 800
6 800
Free-cash
69 276
71 455
65 052
73 642

Estimated living cost  is ₴6800 per week

₴4339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
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.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50983
₴49094
₴41042
₴39245
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
accident
-
-
-
358
income
-
-
-
29 771
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
41 681
Employee
15 836
-
81 845
-
other
15
-
40
-
income
3 053
-
28 301
-
pensions
744
-
1 866
-
unemployment
245
-
615
-
total
4 057
-
30 822
-
Employer
15 836
-
81 845
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
73 615
94 500
-
-
income

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

11 042
14 175
-
-
total
11 042
14 175
-
-
Dividends
62 573
80 325
-
-
withholding
13 481
17 565
-
-
total
13 481
17 565
-
-
Income
94 500
94 500
94 500
94 500
Total tax
33 629
31 740
43 478
41 681
After tax
60 871
62 760
51 022
52 819
Living cost
11 777
11 777
11 777
11 777
Free-cash
49 094
50 983
39 245
41 042

Estimated living cost  is ₴11777 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴57798
₴57605
₴59568
₴59486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
32 290
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
33 762
Employee
1 782
-
93 540
-
health
89
-
213
-
income
345
-
32 245
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
32 885
-
Employer
1 782
-
93 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
92 317
94 500
-
-
income
20 310
20 790
-
-
total
20 310
20 790
-
-
Dividends
72 008
73 710
-
-
withholding
14 402
14 742
-
-
total
14 402
14 742
-
-
Income
94 500
94 500
94 500
94 500
Total tax
35 725
35 532
33 844
33 762
After tax
58 775
58 968
60 656
60 738
Living cost
1 170
1 170
1 170
1 170
Free-cash
57 605
57 798
59 486
59 568

Estimated living cost  is ₴1170 per week

₴695
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.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60868
₴58760
₴53290
₴53291
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 500
income
-
-
-
21 836
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
33 802
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.

11 170
-
88 834
-
health
575
-
1 630
-
income
1 540
-
21 836
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
28 135
-
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.

11 170
-
88 834
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
81 330
94 500
-
-
income
12 200
14 175
-
-
total
12 200
14 175
-
-
Dividends
69 131
80 325
-
-
withholding
10 370
12 049
-
-
total
10 370
12 049
-
-
Income
94 500
94 500
94 500
94 500
Total tax
28 332
26 224
33 801
33 802
After tax
66 168
68 276
60 699
60 698
Living cost
7 408
7 408
7 408
7 408
Free-cash
58 760
60 868
53 291
53 290

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42206
₴42050
₴37840
₴30529
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 500
income
-
-
-
12 275
surtax
-
-
-
-
social contributions

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

-
-
-
32 839
total
-
-
-
45 114
Employee
16 623
-
76 363
-
social contributions
1 829
-
8 400
-
surtax
-
-
74
-
income
3 248
-
25 815
-
total
5 077
-
34 289
-
Employer
16 623
-
76 363
-
social contributions
3 948
-
18 136
-
total
3 948
-
18 136
-
Corporate
73 930
94 500
-
-
surtax
-
-
-
-
income
15 525
19 845
-
-
total
15 525
19 845
-
-
Dividends
58 404
74 655
-
-
withholding
16 354
20 903
-
-
total
16 354
20 903
-
-
Income
94 500
94 500
94 500
94 500
Total tax
40 904
40 748
52 425
45 114
After tax
53 596
53 752
42 075
49 386
Living cost
11 546
11 546
11 546
11 546
Free-cash
42 050
42 206
30 529
37 840

Estimated living cost  is ₴11546 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
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.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47708
₴44907
₴37767
₴35970
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
accident
-
-
-
358
income
-
-
-
29 771
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
41 681
Employee
20 684
-
81 845
-
other
20
-
40
-
income
4 320
-
28 301
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 632
-
30 822
-
Employer
20 684
-
81 845
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 881
-
9 369
-
total
6 595
-
12 656
-
Corporate
67 221
94 500
-
-
income

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

10 083
14 175
-
-
total
10 083
14 175
-
-
Dividends
57 138
80 325
-
-
withholding
12 231
17 565
-
-
total
12 231
17 565
-
-
Income
94 500
94 500
94 500
94 500
Total tax
34 541
31 740
43 478
41 681
After tax
59 959
62 760
51 022
52 819
Living cost
15 052
15 052
15 052
15 052
Free-cash
44 907
47 708
35 970
37 767

Estimated living cost  is ₴15052 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴73426
₴70814
₴68955
₴72866
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
14 175
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
18 173
Employee
9 762
-
91 563
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
9 156
-
pensions

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

857
-
1 314
-
total
2 389
-
11 324
-
Employer
9 762
-
91 563
-
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.

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
82 822
94 500
-
-
income
8 282
9 450
-
-
total
8 282
9 450
-
-
Dividends
74 540
85 050
-
-
withholding
3 727
4 252
-
-
total
3 727
4 252
-
-
Income
94 500
94 500
94 500
94 500
Total tax
16 314
13 702
14 262
18 173
After tax
78 186
80 798
80 238
76 327
Living cost
7 372
7 372
7 372
7 372
Free-cash
70 814
73 426
72 866
68 955

Estimated living cost  is ₴7372 per week

₴4876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
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.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32068
₴37671
₴31288
₴41991
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 500
trade
-
-
-
10 703
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.

-
-
-
31 325
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.

-
-
-
2 926
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.

-
-
-
1 723
total
-
-
-
46 677
Employee

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

21 310
-
94 500
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

2 926
-
2 926
-
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
-
1 723
-
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.

1 752
-
31 325
-
total
4 775
-
35 974
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
73 190
94 500
-
-
surtax

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

604
779
-
-
income
10 979
14 175
-
-
trade
10 502
13 561
-
-
chamber of commerce
172
203
-
-
total
22 257
28 718
-
-
Dividends
50 932
65 781
-
-
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.

692
896
-
-
withholding
12 570
16 283
-
-
total
13 262
17 179
-
-
Income
94 500
94 500
94 500
94 500
Total tax
40 294
45 897
35 974
46 677
After tax
54 206
48 603
58 526
47 823
Living cost
16 535
16 535
16 535
16 535
Free-cash
37 671
32 068
41 991
31 288

Estimated living cost  is ₴16535 per week

₴11406
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.
₴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.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41753
₴42698
₴23174
₴23174
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
30 721
social contributions
-
-
-
16 208
total
-
-
-
46 929
Employee
33 502
-
94 500
-
income
6 322
-
30 721
-
social contributions
2 783
-
16 208
-
total
9 105
-
46 929
-
Employer
33 502
-
94 500
-
total
-
-
-
-
Corporate
60 998
94 500
-
-
income
7 625
11 813
-
-
total
7 625
11 813
-
-
Dividends
53 374
82 687
-
-
withholding
10 675
16 537
-
-
total
10 675
16 537
-
-
Income
94 500
94 500
94 500
94 500
Total tax
27 405
28 350
46 929
46 929
After tax
67 095
66 150
47 571
47 571
Living cost
24 397
24 397
24 397
24 397
Free-cash
42 698
41 753
23 174
23 174

Estimated living cost  is ₴24397 per week

₴18561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴43615
₴45111
₴61917
₴50481
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 500
income
-
-
-
14 175
health

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

-
-
-
2 861
total
-
-
-
17 036
Employee
19 647
-
92 530
-
income
2 132
-
24 532
-
social contributions
1 969
-
1 970
-
total
4 101
-
26 502
-
Employer
19 647
-
92 530
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
72 884
94 500
-
-
income
25 509
33 075
-
-
total
25 509
33 075
-
-
Dividends
47 375
61 425
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
94 500
94 500
94 500
94 500
Total tax
33 842
35 338
28 472
17 036
After tax
60 658
59 162
66 028
77 464
Living cost
15 547
15 547
15 547
15 547
Free-cash
45 111
43 615
50 481
61 917

Estimated living cost  is ₴15547 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43867
₴46413
₴45290
₴36839
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
income
-
-
-
29 004
pensions
-
-
-
4 242
total
-
-
-
33 246
Employee
21 912
-
82 377
-
health
286
-
1 122
-
income
3 990
-
23 372
-
pensions
1 672
-
5 081
-
total
5 948
-
29 575
-
Employer
21 912
-
82 377
-
pensions
2 214
-
10 557
-
health
416
-
1 565
-
total
2 630
-
12 122
-
Corporate
69 957
94 500
-
-
income

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

13 292
17 955
-
-
total
13 292
17 955
-
-
Dividends
56 666
76 545
-
-
withholding
10 253
16 714
-
-
total
10 253
16 714
-
-
Income
94 500
94 500
94 500
94 500
Total tax
32 123
34 669
41 697
33 246
After tax
62 377
59 831
52 803
61 254
Living cost
15 964
15 964
15 964
15 964
Free-cash
46 413
43 867
36 839
45 290

Estimated living cost  is ₴15964 per week

₴10951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2488
₴6098
₴54386
₴41874
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
accident
-
-
-
108
income
-
-
-
27 004
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
29 971
Employee
15 955
-
86 255
-
health
1 827
-
9 876
-
income
2 189
-
21 115
-
pensions
1 797
-
3 248
-
total
5 813
-
34 239
-
Employer
15 955
-
86 255
-
accident
266
-
1 440
-
unemployment
391
-
2 113
-
pensions
2 594
-
4 691
-
total
3 251
-
8 244
-
Corporate
75 293
94 500
-
-
income

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

67 764
85 050
-
-
total
67 764
85 050
-
-
Dividends
7 529
9 450
-
-
withholding
1 431
1 795
-
-
total
1 431
1 795
-
-
Income
94 500
94 500
94 500
94 500
Total tax
78 259
86 845
42 483
29 971
After tax
16 241
7 655
52 017
64 529
Living cost
10 143
10 143
10 143
10 143
Free-cash
6 098
-2 488
41 874
54 386

Estimated living cost  is ₴10143 per week

₴7444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66508
₴65212
₴54010
₴63428
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
94 500
work injury
-
-
-
342
health insurance
-
-
-
5 069
income
-
-
-
15 869
pensions
-
-
-
12 603
unemployment
-
-
-
822
total
-
-
-
34 705
Employee

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

9 257
-
94 500
-
work injury
46
-
171
-
income
926
-
15 869
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
25 287
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
85 243
94 500
-
-
income

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

8 524
9 450
-
-
total
8 524
9 450
-
-
Dividends
76 719
85 050
-
-
withholding
11 508
12 757
-
-
total
11 508
12 757
-
-
Income
94 500
94 500
94 500
94 500
Total tax
23 503
22 207
25 287
34 705
After tax
70 997
72 293
69 213
59 795
Living cost
5 785
5 785
5 785
5 785
Free-cash
65 212
66 508
63 428
54 010

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32714
₴30767
₴27188
₴23671
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
94 500
municipal
-
-
-
658
regional
-
-
-
2 290
national
-
-
-
25 866
social contributions
-
-
-
21 436
total
-
-
-
50 250
Employee
36 090
-
94 500
-
social contributions
12 169
-
28 103
-
regional
545
-
2 068
-
municipal
215
-
597
-
national
6 099
-
22 999
-
total
19 028
-
53 767
-
Employer
36 090
-
94 500
-
total
-
-
-
-
Corporate
58 410
94 500
-
-
nationa
14 018
22 680
-
-
municipal
2 815
4 555
-
-
total
16 833
27 235
-
-
Dividends
41 576
67 265
-
-
withholding
10 810
17 489
-
-
total
10 810
17 489
-
-
Income
94 500
94 500
94 500
94 500
Total tax
46 671
44 724
53 767
50 250
After tax
47 829
49 776
40 733
44 250
Living cost
17 062
17 062
17 062
17 062
Free-cash
30 767
32 714
23 671
27 188

Estimated living cost  is ₴17062 per week

₴11985
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.
₴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.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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