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
₴ 95000
per

Your estimated
City
free-cash

Dresden , Germany
₴44470
₴32436
₴33248
₴38084
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 000
health

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

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

-
-
-
3 490
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
29 923
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.

-
-
-
1 646
trade
-
-
-
11 222
total
-
-
-
46 281
Employee

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

19 537
-
95 000
-
surtax

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

30
-
1 646
-
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.

546
-
29 923
-
health

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

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

3 490
-
3 490
-
total
4 066
-
35 059
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
75 463
95 000
-
-
chamber of commerce
186
214
-
-
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.

622
784
-
-
trade
11 886
14 962
-
-
income
11 320
14 250
-
-
total
24 014
30 210
-
-
Dividends
51 450
64 789
-
-
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.

697
880
-
-
withholding
12 668
16 003
-
-
total
13 365
16 883
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 445
47 093
35 059
46 281
After tax
53 555
47 907
59 941
48 719
Living cost
15 471
15 471
15 471
15 471
Free-cash
38 084
32 436
44 470
33 248

Estimated living cost  is ₴15471 per week

₴9732
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1804
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29469
₴32342
₴28959
₴31894
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
social contributions
-
-
-
1 021
pensions
-
-
-
11 400
national
-
-
-
16 265
municipal
-
-
-
10 417
total
-
-
-
39 103
Employee
41 760
-
82 127
-
municipal
5 158
-
10 785
-
national
7 993
-
17 070
-
pensions
1 670
-
3 285
-
total
14 821
-
31 140
-
Employer
41 760
-
82 127
-
pensions
3 341
-
6 570
-
social contributions
449
-
883
-
total
3 790
-
7 453
-
Corporate
46 695
95 000
-
-
income

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

9 339
19 000
-
-
total
9 339
19 000
-
-
Dividends
37 356
76 000
-
-
withholding
8 218
16 720
-
-
total
8 218
16 720
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 168
35 720
38 593
39 103
After tax
58 832
59 280
56 407
55 897
Living cost
26 938
26 938
26 938
26 938
Free-cash
31 894
32 342
29 469
28 959

Estimated living cost  is ₴26938 per week

₴18310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2504
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5721
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29629
₴65373
₴22589
₴61183
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 000
social contributions

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

-
-
-
19 570
income
-
-
-
17 989
surtax
-
-
-
24 225
microenterprise
-
-
-
-
total
-
-
-
61 784
Employee
14 925
-
72 374
-
surtax
-
-
10 494
-
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.

1 642
-
6 696
-
income
2 657
-
14 928
-
total
4 299
-
32 118
-
Employer
14 925
-
72 374
-
surtax
-
-
7 961
-
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.

3 595
-
14 665
-
total
3 595
-
22 626
-
Corporate
76 479
95 000
-
-
income

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

15 296
19 000
-
-
total
15 296
19 000
-
-
Dividends

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

61 184
76 000
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
23 190
19 000
54 744
61 784
After tax
71 810
76 000
40 256
33 216
Living cost
10 627
10 627
10 627
10 627
Free-cash
61 183
65 373
29 629
22 589

Estimated living cost  is ₴10627 per week

₴6779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38500
₴25710
₴30700
₴22581
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
health
-
-
-
6 299
income
-
-
-
30 618
pensions
-
-
-
5 985
total
-
-
-
42 902
Employee
43 619
43 619
85 508
-
income

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

7 140
7 140
13 325
-
pensions
7 851
5 985
5 985
-
health
6 695
5 695
6 299
-
total
21 686
18 820
25 609
-
Employer
43 619
43 619
85 508
-
unemployment
1 570
1 570
1 951
-
health
3 032
3 032
3 768
-
pensions
3 036
3 036
3 774
-
total
7 638
7 638
9 493
-
Corporate
44 278
43 743
-
-
income
8 856
8 748
-
-
total
8 856
8 748
-
-
Dividends
35 422
34 995
-
-
income
7 527
7 437
-
-
withholding
5 314
5 249
-
-
total
12 841
12 686
-
-
Income
95 000
95 000
95 000
95 000
Total tax
51 021
47 892
35 102
42 902
After tax
43 979
47 108
59 898
52 098
Living cost
21 398
21 398
21 398
21 398
Free-cash
22 581
25 710
38 500
30 700

Estimated living cost  is ₴21398 per week

₴15164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1929
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27193
₴30953
₴27699
₴30483
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
other
-
-
-
5 327
health
-
-
-
2 861
accident
-
-
-
92
pensions
-
-
-
4 956
national
-
-
-
8 733
unemployment
-
-
-
46
municipal
-
-
-
24 369
total
-
-
-
46 384
Employee
29 805
-
80 596
-
municipal
8 888
-
24 034
-
national
-
-
8 452
-
total
8 888
-
32 486
-
Employer
29 805
-
80 596
-
other
3 463
-
5 327
-
unemployment
787
-
1 210
-
health
1 833
-
2 819
-
accident
60
-
92
-
pensions
3 222
-
4 956
-
total
9 365
-
14 404
-
Corporate
55 830
95 000
-
-
income
12 283
20 900
-
-
total
12 283
20 900
-
-
Dividends
43 547
74 100
-
-
withholding
13 064
22 230
-
-
total
13 064
22 230
-
-
Income
95 000
95 000
95 000
95 000
Total tax
43 600
43 130
46 890
46 384
After tax
51 400
51 870
48 110
48 616
Living cost
20 917
20 917
20 917
20 917
Free-cash
30 483
30 953
27 193
27 699

Estimated living cost  is ₴20917 per week

₴13863
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2053
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4684
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39875
₴27352
₴28154
₴34529
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 000
health

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

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

-
-
-
3 490
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
29 923
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.

-
-
-
1 646
trade
-
-
-
11 721
total
-
-
-
46 780
Employee

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

25 903
-
95 000
-
surtax

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

122
-
1 646
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

2 226
-
29 923
-
health

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

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

3 490
-
3 490
-
total
5 838
-
35 059
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 097
95 000
-
-
chamber of commerce
175
212
-
-
surtax

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

570
784
-
-
trade
11 366
15 627
-
-
income
10 365
14 250
-
-
total
22 476
30 873
-
-
Dividends
46 621
64 126
-
-
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.

630
871
-
-
withholding
11 461
15 838
-
-
total
12 091
16 709
-
-
Income
95 000
95 000
95 000
95 000
Total tax
40 405
47 582
35 059
46 780
After tax
54 595
47 418
59 941
48 220
Living cost
20 066
20 066
20 066
20 066
Free-cash
34 529
27 352
39 875
28 154

Estimated living cost  is ₴20066 per week

₴13420
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2116
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4230
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47291
₴52720
₴48115
₴50601
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
social contributions
-
-
-
8 264
health
-
-
-
2 422
income
-
-
-
19 632
total
-
-
-
30 318
Employee
39 277
39 277
88 957
-
social contributions
1 909
3 260
4 397
-
income
4 124
3 636
19 190
-
health
391
668
1 512
-
total
6 424
7 564
25 099
-
Employer
39 277
39 277
88 957
-
health
426
727
1 646
-
social contributions
1 909
3 260
4 397
-
total
2 335
3 987
6 043
-
Corporate
69 675
51 736
-
-
income
8 709
6 467
-
-
total
8 709
6 467
-
-
Dividends
60 966
45 269
-
-
withholding
10 364
7 695
-
-
total
10 364
7 695
-
-
Income
95 000
95 000
95 000
95 000
Total tax
27 832
25 713
31 142
30 318
After tax
67 168
69 287
63 858
64 682
Living cost
16 567
16 567
16 567
16 567
Free-cash
50 601
52 720
47 291
48 115

Estimated living cost  is ₴16567 per week

₴11325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1294
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3670
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45479
₴43768
₴56218
₴43969
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
health
-
-
-
6 650
income
-
-
-
11 614
pensions
-
-
-
9 500
unemployment
-
-
-
1 425
total
-
-
-
29 189
Employee

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

The minimum wage is 138,000 HUF per month.

13 848
5 511
79 498
-
income
1 693
674
9 719
-
pensions
1 385
551
7 950
-
health
969
386
5 565
-
unemployment
208
83
1 192
-
total
4 255
1 694
24 426
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 848
5 511
79 498
-
pensions
2 700
1 075
15 502
-
total
2 700
1 075
15 502
-
Corporate
78 452
88 414
-
-
income
7 061
7 957
-
-
total
7 061
7 957
-
-
Dividends
71 391
80 457
-
-
social contributions
13 858
15 626
-
-
withholding
13 564
15 287
-
-
total
27 422
30 913
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 438
41 639
39 928
29 189
After tax
53 562
53 361
55 072
65 811
Living cost
9 593
9 593
9 593
9 593
Free-cash
43 969
43 768
45 479
56 218

Estimated living cost  is ₴9593 per week

₴6546
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴785
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴192
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2070
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42420
₴63663
₴38583
₴60491
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
health
-
-
-
12 350
income
-
-
-
12 730
pensions
-
-
-
19 000
total
-
-
-
44 080
Employee
14 490
-
71 002
-
income
1 631
-
13 689
-
pensions
290
-
1 420
-
unemployment
232
-
1 136
-
total
2 153
-
16 245
-
Employer
14 490
-
71 002
-
unemployment
116
-
568
-
health
1 883
-
9 230
-
pensions
2 898
-
14 200
-
total
4 897
-
23 998
-
Corporate
75 612
95 000
-
-
income
15 122
19 000
-
-
total
15 122
19 000
-
-
Dividends
60 490
76 000
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
22 172
19 000
40 243
44 080
After tax
72 828
76 000
54 757
50 920
Living cost
12 337
12 337
12 337
12 337
Free-cash
60 491
63 663
42 420
38 583

Estimated living cost  is ₴12337 per week

₴8462
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴735
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.
₴2892
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40424
-₴3634
₴53597
₴5957
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
other
-
-
-
191
health
-
-
-
1 123
accident
-
-
-
130
income
-
-
-
26 487
pensions
-
-
-
2 143
total
-
-
-
30 074
Employee
17 821
-
85 792
-
income
2 445
-
20 287
-
pensions
2 007
-
3 929
-
health
2 040
-
9 823
-
total
6 492
-
34 039
-
Employer
17 821
-
85 792
-
unemployment
437
-
2 102
-
accident
297
-
1 433
-
pensions
2 898
-
5 673
-
total
3 632
-
9 208
-
Corporate
73 547
95 000
-
-
income

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

66 193
85 500
-
-
total
66 193
85 500
-
-
Dividends
7 355
9 500
-
-
withholding
1 397
1 805
-
-
total
1 397
1 805
-
-
Income
95 000
95 000
95 000
95 000
Total tax
77 714
87 305
43 247
30 074
After tax
17 286
7 695
51 753
64 926
Living cost
11 329
11 329
11 329
11 329
Free-cash
5 957
-3 634
40 424
53 597

Estimated living cost  is ₴11329 per week

₴8303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴628
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.
₴2162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴71756
₴86006
₴89806
₴85210
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
95 000
microenterprise

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

-
-
-
950
total
-
-
-
950
Employee
5 305
-
95 000
-
income
1 061
-
19 000
-
total
1 061
-
19 000
-
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%.

89 695
95 000
-
-
total
-
-
-
-
Dividends
89 695
95 000
-
-
withholding
4 485
4 750
-
-
total
4 485
4 750
-
-
Income
95 000
95 000
95 000
95 000
Total tax
5 546
4 750
19 000
950
After tax
89 454
90 250
76 000
94 050
Living cost
4 244
4 244
4 244
4 244
Free-cash
85 210
86 006
71 756
89 806

Estimated living cost  is ₴4244 per week

₴2630
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1144
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40112
₴56186
₴40490
₴52737
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
other
-
-
-
3 689
health
-
-
-
3 418
income
-
-
-
15 151
pensions

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

-
-
-
18 642
total
-
-
-
40 900
Employee
18 546
-
75 879
-
income
3 193
-
15 025
-
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.

1 298
-
5 311
-
health
260
-
1 062
-
unemployment
185
-
759
-
total
4 936
-
22 157
-
Employer
18 546
-
75 879
-
other
928
-
3 794
-
unemployment
185
-
759
-
health
260
-
1 062
-
accident
148
-
607
-
pensions

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

3 153
-
12 899
-
total
4 674
-
19 121
-
Corporate
71 780
95 000
-
-
income
15 074
19 950
-
-
total
15 074
19 950
-
-
Dividends
56 706
75 050
-
-
withholding
3 969
5 254
-
-
total
3 969
5 254
-
-
Income
95 000
95 000
95 000
95 000
Total tax
28 653
25 204
41 278
40 900
After tax
66 347
69 796
53 722
54 100
Living cost
13 610
13 610
13 610
13 610
Free-cash
52 737
56 186
40 112
40 490

Estimated living cost  is ₴13610 per week

₴9617
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴919
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.
₴2856
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20225
₴27779
₴28790
₴30501
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
27 801
pensions
-
-
-
4 662
total
-
-
-
32 463
Employee
47 747
-
82 932
-
income
8 607
-
22 091
-
health
787
-
1 178
-
pensions
4 606
-
5 690
-
total
14 000
-
28 959
-
Employer
47 747
-
82 932
-
health
907
-
1 576
-
pensions
5 638
-
10 493
-
total
6 545
-
12 069
-
Corporate
40 709
95 000
-
-
income

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

7 734
18 050
-
-
total
7 734
18 050
-
-
Dividends
32 975
76 950
-
-
withholding
2 473
15 424
-
-
total
2 473
15 424
-
-
Income
95 000
95 000
95 000
95 000
Total tax
30 752
33 474
41 028
32 463
After tax
64 248
61 526
53 972
62 537
Living cost
33 747
33 747
33 747
33 747
Free-cash
30 501
27 779
20 225
28 790

Estimated living cost  is ₴33747 per week

₴25287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3965
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4221
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴73232
₴74617
₴69441
₴72278
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
health
-
-
-
2 025
income
-
-
-
14 250
pensions

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

-
-
-
2 606
unemployment
-
-
-
70
total
-
-
-
18 951
Employee
8 750
-
91 546
-
income
875
-
9 155
-
accident

We are using the highest rate at 1.1%.

96
-
194
-
pensions

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

768
-
1 546
-
health
402
-
810
-
total
2 141
-
11 705
-
Employer
8 750
-
91 546
-
unemployment
52
-
106
-
health
604
-
1 215
-
accident

We are using the highest rate at 1.1%.

96
-
194
-
pensions

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

964
-
1 940
-
total
1 716
-
3 455
-
Corporate
84 533
95 000
-
-
income
8 453
9 500
-
-
total
8 453
9 500
-
-
Dividends
76 080
85 500
-
-
withholding
3 804
4 275
-
-
total
3 804
4 275
-
-
Income
95 000
95 000
95 000
95 000
Total tax
16 114
13 775
15 160
18 951
After tax
78 886
81 225
79 840
76 049
Living cost
6 608
6 608
6 608
6 608
Free-cash
72 278
74 617
73 232
69 441

Estimated living cost  is ₴6608 per week

₴3858
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴175
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31574
₴18784
₴23774
₴20069
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
health
-
-
-
6 299
income
-
-
-
30 618
pensions
-
-
-
5 985
total
-
-
-
42 902
Employee
47 356
43 619
85 508
-
income

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

7 140
7 140
13 325
-
pensions
5 985
5 985
5 985
-
health
5 908
5 695
6 299
-
total
19 033
18 820
25 609
-
Employer
47 356
43 619
85 508
-
unemployment
1 705
1 570
1 951
-
health
3 291
3 032
3 768
-
pensions
3 296
3 036
3 774
-
total
8 292
7 638
9 493
-
Corporate
39 352
43 743
-
-
income
7 871
8 748
-
-
total
7 871
8 748
-
-
Dividends
31 481
34 995
-
-
income
6 689
7 437
-
-
withholding
4 722
5 249
-
-
total
11 411
12 686
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 607
47 892
35 102
42 902
After tax
48 393
47 108
59 898
52 098
Living cost
28 324
28 324
28 324
28 324
Free-cash
20 069
18 784
31 574
23 774

Estimated living cost  is ₴28324 per week

₴20894
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2530
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37563
₴52800
₴41686
₴48302
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
social contributions
-
-
-
18 143
health
-
-
-
12 825
income
-
-
-
9 605
solidarity contribution
-
-
-
133
total
-
-
-
40 706
Employee
18 542
-
72 905
-
social contributions
1 205
-
4 039
-
solidarity contribution
-
-
-
-
income
2 225
-
8 854
-
health
2 503
-
9 842
-
total
5 933
-
22 735
-
Employer
18 542
-
72 905
-
health
1 669
-
6 561
-
social contributions
4 635
-
15 533
-
total
6 304
-
22 094
-
Corporate
70 154
95 000
-
-
income
13 329
18 050
-
-
total
13 329
18 050
-
-
Dividends
56 825
76 950
-
-
withholding
8 524
11 542
-
-
total
8 524
11 542
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 090
29 592
44 829
40 706
After tax
60 910
65 408
50 171
54 294
Living cost
12 608
12 608
12 608
12 608
Free-cash
48 302
52 800
37 563
41 686

Estimated living cost  is ₴12608 per week

₴8758
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴897
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.
₴2706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19265
₴29134
₴23556
₴26467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
social contributions
-
-
-
24 434
national
-
-
-
23 766
regional
-
-
-
1 127
municipal
-
-
-
564
total
-
-
-
49 891
Employee
45 396
-
95 000
-
social contributions
15 307
-
32 034
-
municipal
240
-
504
-
national
7 866
-
20 649
-
regional
428
-
995
-
total
23 841
-
54 182
-
Employer
45 396
-
95 000
-
total
-
-
-
-
Corporate
49 604
95 000
-
-
nationa
11 905
22 800
-
-
municipal
1 935
3 705
-
-
total
13 840
26 505
-
-
Dividends
35 765
68 495
-
-
withholding
9 299
17 808
-
-
total
9 299
17 808
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 980
44 313
54 182
49 891
After tax
48 020
50 687
40 818
45 109
Living cost
21 553
21 553
21 553
21 553
Free-cash
26 467
29 134
19 265
23 556

Estimated living cost  is ₴21553 per week

₴15024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4785
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30495
₴48484
₴33617
₴46896
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
other
-
-
-
-
health
-
-
-
4 840
income
-
-
-
27 212
pensions
-
-
-
13 634
surtax
-
-
-
4 310
unemployment
-
-
-
116
total
-
-
-
50 112
Employee
16 891
-
80 650
-
surtax
55
-
3 698
-
income
2 831
-
24 156
-
other
-
-
-
-
pensions
1 126
-
4 547
-
health
431
-
1 738
-
unemployment
1 176
-
4 745
-
total
5 619
-
38 884
-
Employer
16 891
-
80 650
-
other
-
-
-
-
unemployment
535
-
2 161
-
health
769
-
3 102
-
pensions
2 252
-
9 087
-
total
3 556
-
14 350
-
Corporate
74 553
95 000
-
-
income
19 383
24 700
-
-
total
19 383
24 700
-
-
Dividends
55 170
70 300
-
-
withholding
8 275
10 545
-
-
total
8 275
10 545
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 833
35 245
53 234
50 112
After tax
58 167
59 755
41 766
44 888
Living cost
11 271
11 271
11 271
11 271
Free-cash
46 896
48 484
30 495
33 617

Estimated living cost  is ₴11271 per week

₴6892
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1040
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3080
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30917
₴38471
₴39482
₴41805
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
27 801
pensions
-
-
-
4 662
total
-
-
-
32 463
Employee
31 999
-
82 932
-
income
5 763
-
22 091
-
health
465
-
1 178
-
pensions
2 716
-
5 690
-
total
8 944
-
28 959
-
Employer
31 999
-
82 932
-
health
608
-
1 576
-
pensions
3 464
-
10 493
-
total
4 072
-
12 069
-
Corporate
58 930
95 000
-
-
income

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

11 196
18 050
-
-
total
11 196
18 050
-
-
Dividends
47 734
76 950
-
-
withholding
5 928
15 424
-
-
total
5 928
15 424
-
-
Income
95 000
95 000
95 000
95 000
Total tax
30 140
33 474
41 028
32 463
After tax
64 860
61 526
53 972
62 537
Living cost
23 055
23 055
23 055
23 055
Free-cash
41 805
38 471
30 917
39 482

Estimated living cost  is ₴23055 per week

₴17273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1728
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3813
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴31644
₴2640
₴35953
₴20096
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
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.

-
-
-
1 900
health
-
-
-
214
pensions
-
-
-
8 740
city
-
-
-
1 002
national
-
-
-
1 649
regional
-
-
-
4 740
total
-
-
-
18 245
Employee
47 749
-
85 029
-
national
226
-
1 195
-
city
512
-
914
-
pensions
4 012
-
7 143
-
health
108
-
192
-
regional
1 564
-
4 074
-
unemployment
-
-
-
-
total
6 422
-
13 518
-
Employer
47 749
-
85 029
-
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.

955
-
1 701
-
unemployment
-
-
-
-
health
108
-
192
-
pensions
4 012
-
7 143
-
total
5 075
-
9 036
-
Corporate
41 652
95 000
-
-
regional
8 809
20 092
-
-
national
3 540
8 075
-
-
total
12 349
28 167
-
-
Dividends
29 303
66 832
-
-
withholding
10 256
23 391
-
-
total
10 256
23 391
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 102
51 558
22 554
18 245
After tax
60 898
43 442
72 446
76 755
Living cost
40 802
40 802
40 802
40 802
Free-cash
20 096
2 640
31 644
35 953

Estimated living cost  is ₴40802 per week

₴26533
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3662
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴501
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴36542
₴23530
₴24322
₴31812
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 000
health

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

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

-
-
-
3 490
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
29 923
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.

-
-
-
1 646
trade
-
-
-
12 220
total
-
-
-
47 279
Employee

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

30 697
-
95 000
-
surtax

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

199
-
1 646
-
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.

3 610
-
29 923
-
health

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

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

3 490
-
3 490
-
total
7 299
-
35 059
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
64 303
95 000
-
-
chamber of commerce
168
211
-
-
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.

530
784
-
-
trade
11 028
16 292
-
-
income
9 646
14 250
-
-
total
21 372
31 537
-
-
Dividends
42 931
63 462
-
-
surtax

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

580
862
-
-
withholding
10 538
15 672
-
-
total
11 118
16 534
-
-
Income
95 000
95 000
95 000
95 000
Total tax
39 789
48 071
35 059
47 279
After tax
55 211
46 929
59 941
47 721
Living cost
23 399
23 399
23 399
23 399
Free-cash
31 812
23 530
36 542
24 322

Estimated living cost  is ₴23399 per week

₴17090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34155
₴30404
₴35978
₴33421
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
other
-
-
-
2 945
social contributions
-
-
-
2 706
health
-
-
-
4 174
income
-
-
-
15 261
pensions
-
-
-
16 460
surtax
-
-
-
-
total
-
-
-
41 546
Employee
21 861
-
73 333
-
surtax
-
-
-
-
social contributions
623
-
2 090
-
income
1 290
-
14 434
-
pensions
2 472
-
5 178
-
total
4 385
-
21 702
-
Employer
21 861
-
73 333
-
other
754
-
2 895
-
unemployment
885
-
2 970
-
health
1 531
-
6 879
-
pensions
3 591
-
8 703
-
social contributions
66
-
220
-
total
6 827
-
21 667
-
Corporate
66 312
95 000
-
-
surtax
-
-
-
-
income
18 567
26 600
-
-
total
18 567
26 600
-
-
Dividends
47 745
68 400
-
-
social contributions
8 212
11 765
-
-
surtax
-
-
-
-
withholding
6 112
8 755
-
-
total
14 324
20 520
-
-
Income
95 000
95 000
95 000
95 000
Total tax
44 103
47 120
43 369
41 546
After tax
50 897
47 880
51 631
53 454
Living cost
17 476
17 476
17 476
17 476
Free-cash
33 421
30 404
34 155
35 978

Estimated living cost  is ₴17476 per week

₴11019
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4739
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35887
₴32136
₴37710
₴34973
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
other
-
-
-
2 945
social contributions
-
-
-
2 706
health
-
-
-
4 174
income
-
-
-
15 261
pensions
-
-
-
16 460
surtax
-
-
-
-
total
-
-
-
41 546
Employee
19 514
-
73 333
-
surtax
-
-
-
-
social contributions
556
-
2 090
-
income
1 006
-
14 434
-
pensions
2 207
-
5 178
-
total
3 769
-
21 702
-
Employer
19 514
-
73 333
-
other
674
-
2 895
-
unemployment
790
-
2 970
-
health
1 366
-
6 879
-
pensions
3 206
-
8 703
-
social contributions
58
-
220
-
total
6 094
-
21 667
-
Corporate
69 392
95 000
-
-
surtax
-
-
-
-
income
19 430
26 600
-
-
total
19 430
26 600
-
-
Dividends
49 962
68 400
-
-
social contributions
8 594
11 765
-
-
surtax
-
-
-
-
withholding
6 396
8 755
-
-
total
14 990
20 520
-
-
Income
95 000
95 000
95 000
95 000
Total tax
44 283
47 120
43 369
41 546
After tax
50 717
47 880
51 631
53 454
Living cost
15 744
15 744
15 744
15 744
Free-cash
34 973
32 136
35 887
37 710

Estimated living cost  is ₴15744 per week

₴9131
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1599
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48071
₴47127
₴50178
₴47392
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
social contributions
-
-
-
13 110
health
-
-
-
6 631
income
-
-
-
14 250
total
-
-
-
33 991
Employee
17 319
-
95 000
-
social contributions
2 390
-
13 110
-
income
2 889
-
16 357
-
health
1 209
-
6 631
-
total
6 488
-
36 098
-
Employer
17 319
-
95 000
-
total
-
-
-
-
Corporate
77 681
95 000
-
-
income

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

3 884
4 750
-
-
total
3 884
4 750
-
-
Dividends
73 797
90 250
-
-
social contributions
10 184
12 455
-
-
withholding
11 070
13 537
-
-
health
5 151
6 300
-
-
total
26 405
32 292
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 777
37 042
36 098
33 991
After tax
58 223
57 958
58 902
61 009
Living cost
10 831
10 831
10 831
10 831
Free-cash
47 392
47 127
48 071
50 178

Estimated living cost  is ₴10831 per week

₴7249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2665
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7117
₴34516
₴30773
₴33725
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
health
-
-
-
4 565
income
-
-
-
27 010
chamber of commerce
-
-
-
380
pensions
-
-
-
11 040
surtax
-
-
-
101
unemployment
-
-
-
3 133
total
-
-
-
46 229
Employee
25 527
20 356
76 497
-
income
2 906
1 501
21 935
-
other
255
204
597
-
pensions
2 614
2 084
6 111
-
health
988
788
2 309
-
unemployment
766
611
1 790
-
total
7 529
5 188
32 742
-
Employer
25 527
20 356
76 497
-
other
1 213
966
3 491
-
unemployment
766
611
1 790
-
health
964
770
2 256
-
surtax
101
101
101
-
accident
332
265
775
-
pensions
3 204
2 555
7 489
-
payroll
766
611
2 295
-
chamber of commerce
102
81
306
-
total
7 448
5 960
18 503
-
Corporate
62 027
68 685
74 558
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

15 507
17 171
18 640
-
total
15 507
17 171
18 640
-
Dividends
46 520
51 514
-
-
withholding
12 793
14 167
-
-
total
12 793
14 167
-
-
Income
95 000
95 000
95 000
95 000
Total tax
43 277
42 486
69 885
46 229
After tax
51 723
52 514
25 115
48 771
Living cost
17 998
17 998
17 998
17 998
Free-cash
33 725
34 516
7 117
30 773

Estimated living cost  is ₴17998 per week

₴12004
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1535
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14540
₴34496
₴22594
₴26835
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
social contributions
-
-
-
12 735
communal

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

-
-
-
4 936
national
-
-
-
36 111
total
-
-
-
53 782
Employee

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

36 537
-
73 580
-
national
11 233
-
26 960
-
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.

2 740
-
5 518
-
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.

1 717
-
3 459
-
communal

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

1 906
-
3 838
-
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.

318
-
640
-
total
17 914
-
40 415
-
Employer

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

36 537
-
73 580
-
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.

533
-
1 074
-
health

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

2 247
-
4 526
-
surtax
4 143
-
8 344
-
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.

475
-
957
-
pensions

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

3 238
-
6 520
-
total
10 636
-
21 421
-
Corporate
47 828
95 000
-
-
surtax
191
380
-
-
income
9 565
19 000
-
-
total
9 756
19 380
-
-
Dividends
38 072
75 621
-
-
withholding

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

11 235
22 500
-
-
total
11 235
22 500
-
-
Income
95 000
95 000
95 000
95 000
Total tax
49 541
41 880
61 836
53 782
After tax
45 459
53 120
33 164
41 218
Living cost
18 624
18 624
18 624
18 624
Free-cash
26 835
34 496
14 540
22 594

Estimated living cost  is ₴18624 per week

₴11996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1628
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32667
₴44817
₴34810
₴41316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
other
-
-
-
47
accident
-
-
-
426
income
-
-
-
27 540
pensions
-
-
-
13 398
unemployment
-
-
-
332
total
-
-
-
41 743
Employee
25 426
-
79 907
-
income
5 365
-
25 786
-
other
25
-
47
-
pensions
1 195
-
2 226
-
unemployment
395
-
734
-
total
6 980
-
28 793
-
Employer
25 426
-
79 907
-
other
203
-
379
-
unemployment
1 399
-
2 604
-
accident
503
-
937
-
pensions
6 000
-
11 173
-
total
8 105
-
15 093
-
Corporate
61 470
95 000
-
-
income

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

9 220
14 250
-
-
total
9 220
14 250
-
-
Dividends
52 250
80 750
-
-
withholding
10 932
17 486
-
-
total
10 932
17 486
-
-
Income
95 000
95 000
95 000
95 000
Total tax
35 237
31 736
43 886
41 743
After tax
59 763
63 264
51 114
53 257
Living cost
18 447
18 447
18 447
18 447
Free-cash
41 316
44 817
32 667
34 810

Estimated living cost  is ₴18447 per week

₴13584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1309
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22436
₴27461
₴18647
₴20762
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
health
-
-
-
6 675
accident
-
-
-
801
income
-
-
-
16 166
pensions
-
-
-
14 239
communal
-
-
-
6 004
surtax
-
-
-
4 710
total
-
-
-
48 595
Employee
38 681
-
84 859
-
surtax
2 371
-
5 200
-
income
3 736
-
18 900
-
pensions
3 094
-
6 789
-
health
1 722
-
3 776
-
total
10 923
-
34 665
-
Employer
38 681
-
84 859
-
health
1 180
-
2 588
-
accident
348
-
764
-
pensions
3 094
-
6 789
-
total
4 622
-
10 141
-
Corporate
51 697
95 000
-
-
surtax
543
997
-
-
income
7 755
14 250
-
-
communal
3 490
6 413
-
-
total
11 788
21 660
-
-
Dividends
39 910
73 340
-
-
income
13 161
7 120
-
-
withholding
5 986
11 001
-
-
total
19 147
18 121
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 480
39 781
44 806
48 595
After tax
48 520
55 219
50 194
46 405
Living cost
27 758
27 758
27 758
27 758
Free-cash
20 762
27 461
22 436
18 647

Estimated living cost  is ₴27758 per week

₴20823
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30293
₴48282
₴33415
₴46658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
other
-
-
-
-
health
-
-
-
4 840
income
-
-
-
27 212
pensions
-
-
-
13 634
surtax
-
-
-
4 310
unemployment
-
-
-
116
total
-
-
-
50 112
Employee
17 201
-
80 650
-
surtax
61
-
3 698
-
income
2 884
-
24 156
-
other
-
-
-
-
pensions
1 148
-
4 547
-
health
439
-
1 738
-
unemployment
1 197
-
4 745
-
total
5 729
-
38 884
-
Employer
17 201
-
80 650
-
other
-
-
-
-
unemployment
546
-
2 161
-
health
782
-
3 102
-
pensions
2 293
-
9 087
-
total
3 621
-
14 350
-
Corporate
74 177
95 000
-
-
income
19 286
24 700
-
-
total
19 286
24 700
-
-
Dividends
54 891
70 300
-
-
withholding
8 233
10 545
-
-
total
8 233
10 545
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 869
35 245
53 234
50 112
After tax
58 131
59 755
41 766
44 888
Living cost
11 473
11 473
11 473
11 473
Free-cash
46 658
48 282
30 293
33 415

Estimated living cost  is ₴11473 per week

₴6927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴997
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3283
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26776
₴36174
₴31045
₴35042
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
social contributions
-
-
-
24 434
national
-
-
-
23 766
regional
-
-
-
1 432
municipal
-
-
-
564
total
-
-
-
50 196
Employee
28 334
-
95 000
-
social contributions
9 555
-
32 034
-
municipal
150
-
504
-
national
4 489
-
20 649
-
regional
381
-
1 278
-
total
14 575
-
54 465
-
Employer
28 334
-
95 000
-
total
-
-
-
-
Corporate
66 666
95 000
-
-
nationa
15 999
22 800
-
-
municipal
3 313
4 722
-
-
total
19 312
27 522
-
-
Dividends
47 353
67 478
-
-
withholding
12 312
17 545
-
-
total
12 312
17 545
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 199
45 067
54 465
50 196
After tax
48 801
49 933
40 535
44 804
Living cost
13 759
13 759
13 759
13 759
Free-cash
35 042
36 174
26 776
31 045

Estimated living cost  is ₴13759 per week

₴8557
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1394
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.
₴3573
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34634
₴49871
₴38757
₴44328
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
social contributions
-
-
-
18 143
health
-
-
-
12 825
income
-
-
-
9 605
solidarity contribution
-
-
-
133
total
-
-
-
40 706
Employee
22 848
-
72 905
-
social contributions
1 485
-
4 039
-
solidarity contribution
-
-
-
-
income
2 742
-
8 854
-
health
3 084
-
9 842
-
total
7 311
-
22 735
-
Employer
22 848
-
72 905
-
health
2 056
-
6 561
-
social contributions
5 712
-
15 533
-
total
7 768
-
22 094
-
Corporate
64 384
95 000
-
-
income
12 233
18 050
-
-
total
12 233
18 050
-
-
Dividends
52 151
76 950
-
-
withholding
7 823
11 542
-
-
total
7 823
11 542
-
-
Income
95 000
95 000
95 000
95 000
Total tax
35 135
29 592
44 829
40 706
After tax
59 865
65 408
50 171
54 294
Living cost
15 537
15 537
15 537
15 537
Free-cash
44 328
49 871
34 634
38 757

Estimated living cost  is ₴15537 per week

₴11554
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2853
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8847
₴36273
₴32576
₴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
-
-
-
95 000
health
-
-
-
4 565
income
-
-
-
27 010
chamber of commerce
-
-
-
380
pensions
-
-
-
11 040
surtax
-
-
-
-
unemployment
-
-
-
3 133
total
-
-
-
46 128
Employee
22 328
20 356
76 592
-
income
1 989
1 501
21 980
-
other
223
204
597
-
pensions
2 287
2 084
6 111
-
health
864
788
2 309
-
unemployment
670
611
1 790
-
total
6 033
5 188
32 787
-
Employer
22 328
20 356
76 592
-
other
1 060
966
3 494
-
unemployment
670
611
1 790
-
health
844
770
2 256
-
surtax
-
-
-
-
accident
290
265
775
-
pensions
2 802
2 555
7 489
-
payroll
670
611
2 297
-
chamber of commerce
89
81
306
-
total
6 425
5 859
18 407
-
Corporate
66 246
68 786
74 653
-
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.

16 562
17 197
18 663
-
total
16 562
17 197
18 663
-
Dividends
49 685
51 589
-
-
withholding
13 663
14 187
-
-
total
13 663
14 187
-
-
Income
95 000
95 000
95 000
95 000
Total tax
42 683
42 431
69 857
46 128
After tax
52 317
52 569
25 143
48 872
Living cost
16 296
16 296
16 296
16 296
Free-cash
36 021
36 273
8 847
32 576

Estimated living cost  is ₴16296 per week

₴9776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1664
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69387
₴83637
₴87437
₴82397
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
95 000
microenterprise

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

-
-
-
950
total
-
-
-
950
Employee
8 267
-
95 000
-
income
1 653
-
19 000
-
total
1 653
-
19 000
-
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%.

86 733
95 000
-
-
total
-
-
-
-
Dividends
86 733
95 000
-
-
withholding
4 337
4 750
-
-
total
4 337
4 750
-
-
Income
95 000
95 000
95 000
95 000
Total tax
5 990
4 750
19 000
950
After tax
89 010
90 250
76 000
94 050
Living cost
6 613
6 613
6 613
6 613
Free-cash
82 397
83 637
69 387
87 437

Estimated living cost  is ₴6613 per week

₴4475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴278
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29926
₴51707
₴32443
₴47434
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 000
health
-
-
-
9 348
income
-
-
-
22 017
pensions
-
-
-
17 350
unemployment
-
-
-
142
total
-
-
-
48 857
Employee

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

22 587
-
82 201
-
income
3 895
-
20 408
-
pensions
3 501
-
12 742
-
health
1 459
-
5 310
-
unemployment
32
-
115
-
total
8 887
-
38 575
-
Employer

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

22 587
-
82 201
-
unemployment
14
-
49
-
health
1 504
-
5 475
-
pensions
1 999
-
7 275
-
total
3 517
-
12 799
-
Corporate
68 896
95 000
-
-
income
13 091
18 050
-
-
total
13 091
18 050
-
-
Dividends
55 806
76 950
-
-
withholding
8 371
11 543
-
-
total
8 371
11 543
-
-
Income
95 000
95 000
95 000
95 000
Total tax
33 866
29 593
51 374
48 857
After tax
61 134
65 407
43 626
46 143
Living cost
13 700
13 700
13 700
13 700
Free-cash
47 434
51 707
29 926
32 443

Estimated living cost  is ₴13700 per week

₴9402
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3155
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴64702
₴34579
₴42434
₴8982
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
social contributions
-
-
-
10 830
income
-
-
-
18 517
total
-
-
-
29 347
Employee
33 293
-
-
-
social contributions
2 730
-
389
-
income
7 344
-
-
-
total
10 074
-
389
-
Employer
33 293
-
-
-
social contributions
46 944
-
6 690
-
total
46 944
-
6 690
-
Corporate
14 763
95 000
-
-
income
3 248
20 900
-
-
total
3 248
20 900
-
-
Dividends
11 515
74 100
-
-
income
2 533
16 302
-
-
total
2 533
16 302
-
-
Income
95 000
95 000
95 000
95 000
Total tax
62 799
37 202
7 079
29 347
After tax
32 201
57 798
87 921
65 653
Living cost
23 219
23 219
23 219
23 219
Free-cash
8 982
34 579
64 702
42 434

Estimated living cost  is ₴23219 per week

₴15066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2184
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5674
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27330
₴38014
₴34532
₴37501
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 000
social contributions

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

-
-
-
33 013
income
-
-
-
11 433
surtax
-
-
-
-
total
-
-
-
44 446
Employee
23 492
-
76 767
-
surtax
-
-
-
-
social contributions
2 584
-
8 445
-
income
4 886
-
24 971
-
total
7 470
-
33 416
-
Employer
23 492
-
76 767
-
social contributions
5 579
-
18 232
-
total
5 579
-
18 232
-
Corporate
65 928
95 000
-
-
surtax
-
-
-
-
income
13 845
19 950
-
-
total
13 845
19 950
-
-
Dividends
52 084
75 050
-
-
withholding
14 583
21 014
-
-
total
14 583
21 014
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 477
40 964
51 648
44 446
After tax
53 523
54 036
43 352
50 554
Living cost
16 022
16 022
16 022
16 022
Free-cash
37 501
38 014
27 330
34 532

Estimated living cost  is ₴16022 per week

₴11988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴945
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2822
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26961
₴23210
₴28784
₴26721
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
other
-
-
-
2 945
social contributions
-
-
-
2 706
health
-
-
-
4 174
income
-
-
-
15 261
pensions
-
-
-
16 460
surtax
-
-
-
-
total
-
-
-
41 546
Employee
31 992
-
73 333
-
surtax
-
-
-
-
social contributions
911
-
2 090
-
income
2 791
-
14 434
-
pensions
3 618
-
5 178
-
total
7 320
-
21 702
-
Employer
31 992
-
73 333
-
other
1 104
-
2 895
-
unemployment
1 296
-
2 970
-
health
2 239
-
6 879
-
pensions
5 257
-
8 703
-
social contributions
96
-
220
-
total
9 992
-
21 667
-
Corporate
53 017
95 000
-
-
surtax
-
-
-
-
income
14 845
26 600
-
-
total
14 845
26 600
-
-
Dividends
38 172
68 400
-
-
social contributions
6 566
11 765
-
-
surtax
-
-
-
-
withholding
4 886
8 755
-
-
total
11 452
20 520
-
-
Income
95 000
95 000
95 000
95 000
Total tax
43 609
47 120
43 369
41 546
After tax
51 391
47 880
51 631
53 454
Living cost
24 670
24 670
24 670
24 670
Free-cash
26 721
23 210
26 961
28 784

Estimated living cost  is ₴24670 per week

₴16696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2018
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴338
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56961
₴70146
₴54437
₴68431
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
4 309
social contributions
-
-
-
20 900
total
-
-
-
25 209
Employee
16 421
-
82 251
-
income
-
-
4 589
-
social contributions
1 067
-
5 347
-
total
1 067
-
9 936
-
Employer
16 421
-
82 251
-
social contributions
2 545
-
12 749
-
total
2 545
-
12 749
-
Corporate
76 033
95 000
-
-
income
7 603
9 500
-
-
total
7 603
9 500
-
-
Dividends
68 430
85 500
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
11 215
9 500
22 685
25 209
After tax
83 785
85 500
72 315
69 791
Living cost
15 354
15 354
15 354
15 354
Free-cash
68 431
70 146
56 961
54 437

Estimated living cost  is ₴15354 per week

₴9928
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1157
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3980
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16115
-₴16115
₴31169
-₴16115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
labour market
-
-
-
7 565
pensions
-
-
-
442
national
-
-
-
11 321
municipal
-
-
-
19 942
total
-
-
-
39 270
Employee
103 666
103 666
103 666
-
labour market
8 282
8 282
8 282
-
municipal
22 075
22 075
22 075
-
national
12 665
12 665
12 665
-
pensions
147
147
147
-
total
43 169
43 169
43 169
-
Employer
103 666
103 666
103 666
-
national
12 687
12 687
12 687
-
labour market
8 293
8 293
8 293
-
pensions
295
295
295
-
municipal
22 110
22 110
22 110
-
total
43 385
43 385
43 385
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
86 554
86 554
86 554
39 270
After tax
8 446
8 446
8 446
55 730
Living cost
24 561
24 561
24 561
24 561
Free-cash
-16 115
-16 115
-16 115
31 169

Estimated living cost  is ₴24561 per week

₴16810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴378
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40591
-₴3467
₴53764
₴5982
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
other
-
-
-
191
health
-
-
-
1 123
accident
-
-
-
130
income
-
-
-
26 487
pensions
-
-
-
2 143
total
-
-
-
30 074
Employee
17 558
-
85 792
-
income
2 409
-
20 287
-
pensions
1 977
-
3 929
-
health
2 011
-
9 823
-
total
6 397
-
34 039
-
Employer
17 558
-
85 792
-
unemployment
430
-
2 102
-
accident
293
-
1 433
-
pensions
2 855
-
5 673
-
total
3 578
-
9 208
-
Corporate
73 864
95 000
-
-
income

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

66 477
85 500
-
-
total
66 477
85 500
-
-
Dividends
7 386
9 500
-
-
withholding
1 404
1 805
-
-
total
1 404
1 805
-
-
Income
95 000
95 000
95 000
95 000
Total tax
77 856
87 305
43 247
30 074
After tax
17 144
7 695
51 753
64 926
Living cost
11 162
11 162
11 162
11 162
Free-cash
5 982
-3 467
40 591
53 764

Estimated living cost  is ₴11162 per week

₴8124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29906
₴39607
₴40935
₴41012
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
95 000
health
-
-
-
1 249
national
-
-
-
16 331
municipal
-
-
-
16 875
total
-
-
-
34 455
Employee
26 874
-
79 919
-
municipal
4 402
-
13 016
-
national
444
-
9 776
-
pensions
1 814
-
5 394
-
health
201
-
1 018
-
unemployment
403
-
1 199
-
total
7 264
-
30 403
-
Employer
26 874
-
79 919
-
unemployment
174
-
520
-
health
206
-
616
-
accident
27
-
79
-
pensions
4 662
-
13 866
-
total
5 069
-
15 081
-
Corporate
63 056
95 000
-
-
income
12 611
19 000
-
-
total
12 611
19 000
-
-
Dividends

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

37 834
57 000
-
-
national
2 624
6 523
-
-
municipal
6 810
10 260
-
-
total
9 434
16 783
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 378
35 783
45 484
34 455
After tax
60 622
59 217
49 516
60 545
Living cost
19 610
19 610
19 610
19 610
Free-cash
41 012
39 607
29 906
40 935

Estimated living cost  is ₴19610 per week

₴12809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1886
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4603
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52032
₴57461
₴52856
₴54682
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
social contributions
-
-
-
8 264
health
-
-
-
2 422
income
-
-
-
19 632
total
-
-
-
30 318
Employee
39 277
39 277
88 957
-
social contributions
1 485
3 260
4 397
-
income
4 277
3 636
19 190
-
health
304
668
1 512
-
total
6 066
7 564
25 099
-
Employer
39 277
39 277
88 957
-
health
331
727
1 646
-
social contributions
1 485
3 260
4 397
-
total
1 816
3 987
6 043
-
Corporate
75 292
51 736
-
-
income
9 411
6 467
-
-
total
9 411
6 467
-
-
Dividends
65 881
45 269
-
-
withholding
11 199
7 695
-
-
total
11 199
7 695
-
-
Income
95 000
95 000
95 000
95 000
Total tax
28 492
25 713
31 142
30 318
After tax
66 508
69 287
63 858
64 682
Living cost
11 826
11 826
11 826
11 826
Free-cash
54 682
57 461
52 032
52 856

Estimated living cost  is ₴11826 per week

₴7088
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1160
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.
₴3317
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61825
₴70559
₴72071
₴67962
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
95 000
health
-
-
-
1 848
income
-
-
-
9 707
pensions
-
-
-
3 249
unemployment
-
-
-
15
total
-
-
-
14 819
Employee

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

11 724
-
90 008
-
income
802
-
8 441
-
pensions
1 758
-
7 270
-
health
996
-
4 120
-
unemployment
58
-
242
-
total
3 614
-
20 073
-
Employer

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

11 724
-
90 008
-
unemployment
58
-
242
-
health
504
-
2 084
-
pensions
645
-
2 666
-
total
1 207
-
4 992
-
Corporate
82 069
95 000
-
-
income
7 386
8 550
-
-
total
7 386
8 550
-
-
Dividends
74 683
86 450
-
-
withholding
6 721
7 781
-
-
total
6 721
7 781
-
-
Income
95 000
95 000
95 000
95 000
Total tax
18 928
16 331
25 065
14 819
After tax
76 072
78 669
69 935
80 181
Living cost
8 110
8 110
8 110
8 110
Free-cash
67 962
70 559
61 825
72 071

Estimated living cost  is ₴8110 per week

₴5174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴584
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37068
₴49218
₴39211
₴46961
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
other
-
-
-
47
accident
-
-
-
426
income
-
-
-
27 540
pensions
-
-
-
13 398
unemployment
-
-
-
332
total
-
-
-
41 743
Employee
18 887
-
79 907
-
income
3 641
-
25 786
-
other
18
-
47
-
pensions
888
-
2 226
-
unemployment
293
-
734
-
total
4 840
-
28 793
-
Employer
18 887
-
79 907
-
other
151
-
379
-
unemployment
1 039
-
2 604
-
accident
374
-
937
-
pensions
4 457
-
11 173
-
total
6 021
-
15 093
-
Corporate
70 092
95 000
-
-
income

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

10 514
14 250
-
-
total
10 514
14 250
-
-
Dividends
59 578
80 750
-
-
withholding
12 618
17 486
-
-
total
12 618
17 486
-
-
Income
95 000
95 000
95 000
95 000
Total tax
33 993
31 736
43 886
41 743
After tax
61 007
63 264
51 114
53 257
Living cost
14 046
14 046
14 046
14 046
Free-cash
46 961
49 218
37 068
39 211

Estimated living cost  is ₴14046 per week

₴9481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1350
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.
₴2969
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60194
₴58341
₴60260
₴58186
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
health
-
-
-
496
income
-
-
-
32 620
pensions
-
-
-
685
total
-
-
-
33 801
Employee
1 429
-
94 230
-
income
277
-
32 584
-
pensions
129
-
308
-
health
71
-
171
-
unemployment
14
-
34
-
total
491
-
33 097
-
Employer
1 429
-
94 230
-
unemployment
29
-
68
-
health
136
-
325
-
pensions
157
-
377
-
total
322
-
770
-
Corporate
93 249
95 000
-
-
income
20 515
20 900
-
-
total
20 515
20 900
-
-
Dividends
72 734
74 100
-
-
withholding
14 547
14 820
-
-
total
14 547
14 820
-
-
Income
95 000
95 000
95 000
95 000
Total tax
35 875
35 720
33 867
33 801
After tax
59 125
59 280
61 133
61 199
Living cost
938
938
938
938
Free-cash
58 186
58 341
60 194
60 260

Estimated living cost  is ₴938 per week

₴558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴76
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴283
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50314
₴59818
₴50315
₴57309
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 000
health
-
-
-
3 882
income
-
-
-
21 620
pensions
-
-
-
9 799
unemployment
-
-
-
565
total
-
-
-
35 866
Employee

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

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

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

13 299
-
88 254
-
income
1 833
-
21 620
-
pensions
1 862
-
5 276
-
health
685
-
1 941
-
unemployment
100
-
283
-
total
4 480
-
29 120
-
Employer

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

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

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

13 299
-
88 254
-
unemployment
100
-
283
-
health
685
-
1 941
-
pensions
1 596
-
4 523
-
total
2 381
-
6 747
-
Corporate
79 320
95 000
-
-
income
11 898
14 250
-
-
total
11 898
14 250
-
-
Dividends
67 422
80 750
-
-
withholding
10 113
12 113
-
-
total
10 113
12 113
-
-
Income
95 000
95 000
95 000
95 000
Total tax
28 872
26 363
35 867
35 866
After tax
66 128
68 637
59 133
59 134
Living cost
8 819
8 819
8 819
8 819
Free-cash
57 309
59 818
50 314
50 315

Estimated living cost  is ₴8819 per week

₴5938
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴682
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.
₴1944
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29582
₴40266
₴36784
₴40080
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 000
social contributions

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

-
-
-
33 013
income
-
-
-
11 433
surtax
-
-
-
-
total
-
-
-
44 446
Employee
19 825
-
76 767
-
surtax
-
-
-
-
social contributions
2 181
-
8 445
-
income
3 874
-
24 971
-
total
6 055
-
33 416
-
Employer
19 825
-
76 767
-
social contributions
4 708
-
18 232
-
total
4 708
-
18 232
-
Corporate
70 467
95 000
-
-
surtax
-
-
-
-
income
14 799
19 950
-
-
total
14 799
19 950
-
-
Dividends
55 669
75 050
-
-
withholding
15 588
21 014
-
-
total
15 588
21 014
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 150
40 964
51 648
44 446
After tax
53 850
54 036
43 352
50 554
Living cost
13 770
13 770
13 770
13 770
Free-cash
40 080
40 266
29 582
36 784

Estimated living cost  is ₴13770 per week

₴9753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴957
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2817
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33163
₴45313
₴35306
₴41969
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
other
-
-
-
47
accident
-
-
-
426
income
-
-
-
27 540
pensions
-
-
-
13 398
unemployment
-
-
-
332
total
-
-
-
41 743
Employee
24 669
-
79 907
-
income
5 152
-
25 786
-
other
24
-
47
-
pensions
1 159
-
2 226
-
unemployment
382
-
734
-
total
6 717
-
28 793
-
Employer
24 669
-
79 907
-
other
198
-
379
-
unemployment
1 357
-
2 604
-
accident
489
-
937
-
pensions
5 822
-
11 173
-
total
7 866
-
15 093
-
Corporate
62 466
95 000
-
-
income

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

9 370
14 250
-
-
total
9 370
14 250
-
-
Dividends
53 096
80 750
-
-
withholding
11 127
17 486
-
-
total
11 127
17 486
-
-
Income
95 000
95 000
95 000
95 000
Total tax
35 080
31 736
43 886
41 743
After tax
59 920
63 264
51 114
53 257
Living cost
17 951
17 951
17 951
17 951
Free-cash
41 969
45 313
33 163
35 306

Estimated living cost  is ₴17951 per week

₴12892
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.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3411
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴71170
₴72555
₴67379
₴69484
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
health
-
-
-
2 025
income
-
-
-
14 250
pensions

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

-
-
-
2 606
unemployment
-
-
-
70
total
-
-
-
18 951
Employee
11 481
-
91 546
-
income
1 148
-
9 155
-
accident

We are using the highest rate at 1.1%.

126
-
194
-
pensions

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

1 008
-
1 546
-
health
528
-
810
-
total
2 810
-
11 705
-
Employer
11 481
-
91 546
-
unemployment
69
-
106
-
health
792
-
1 215
-
accident

We are using the highest rate at 1.1%.

126
-
194
-
pensions

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

1 265
-
1 940
-
total
2 252
-
3 455
-
Corporate
81 267
95 000
-
-
income
8 127
9 500
-
-
total
8 127
9 500
-
-
Dividends
73 140
85 500
-
-
withholding
3 657
4 275
-
-
total
3 657
4 275
-
-
Income
95 000
95 000
95 000
95 000
Total tax
16 846
13 775
15 160
18 951
After tax
78 154
81 225
79 840
76 049
Living cost
8 670
8 670
8 670
8 670
Free-cash
69 484
72 555
71 170
67 379

Estimated living cost  is ₴8670 per week

₴5734
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40221
₴29163
₴29997
₴35845
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 000
health

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

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

-
-
-
3 490
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
29 923
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.

-
-
-
1 646
trade
-
-
-
10 224
total
-
-
-
45 283
Employee

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

25 415
-
95 000
-
surtax

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

115
-
1 646
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

2 090
-
29 923
-
health

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

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

3 490
-
3 490
-
total
5 695
-
35 059
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 585
95 000
-
-
chamber of commerce
179
217
-
-
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.

574
784
-
-
trade
9 986
13 632
-
-
income
10 438
14 250
-
-
total
21 177
28 883
-
-
Dividends
48 409
66 116
-
-
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.

655
899
-
-
withholding
11 908
16 335
-
-
total
12 563
17 234
-
-
Income
95 000
95 000
95 000
95 000
Total tax
39 435
46 117
35 059
45 283
After tax
55 565
48 883
59 941
49 717
Living cost
19 720
19 720
19 720
19 720
Free-cash
35 845
29 163
40 221
29 997

Estimated living cost  is ₴19720 per week

₴13603
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2122
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3709
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20380
₴37403
₴20380
₴38532
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
29 557
social contributions
-
-
-
15 966
total
-
-
-
45 523
Employee
39 955
-
95 000
-
income
7 539
-
29 557
-
social contributions
3 319
-
15 966
-
total
10 858
-
45 523
-
Employer
39 955
-
95 000
-
total
-
-
-
-
Corporate
55 045
95 000
-
-
income
6 880
11 875
-
-
total
6 880
11 875
-
-
Dividends
48 165
83 125
-
-
withholding
9 633
16 625
-
-
total
9 633
16 625
-
-
Income
95 000
95 000
95 000
95 000
Total tax
27 371
28 500
45 523
45 523
After tax
67 629
66 500
49 477
49 477
Living cost
29 097
29 097
29 097
29 097
Free-cash
38 532
37 403
20 380
20 380

Estimated living cost  is ₴29097 per week

₴22136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2371
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4312
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48697
₴40509
₴58774
₴42293
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 000
income
-
-
-
14 540
health

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

-
-
-
3 144
total
-
-
-
17 684
Employee
23 432
-
92 650
-
income
2 543
-
23 061
-
social contributions
2 348
-
2 350
-
total
4 891
-
25 411
-
Employer
23 432
-
92 650
-
social contributions
2 348
-
2 350
-
total
2 348
-
2 350
-
Corporate
69 220
95 000
-
-
income
24 227
33 250
-
-
total
24 227
33 250
-
-
Dividends
44 993
61 750
-
-
social contributions
2 699
2 699
-
-
total
2 699
2 699
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 165
35 949
27 761
17 684
After tax
60 835
59 051
67 239
77 316
Living cost
18 542
18 542
18 542
18 542
Free-cash
42 293
40 509
48 697
58 774

Estimated living cost  is ₴18542 per week

₴12213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1462
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.
₴4582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35229
₴42783
₴43794
₴45771
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
27 801
pensions
-
-
-
4 662
total
-
-
-
32 463
Employee
25 727
-
82 932
-
income
4 685
-
22 091
-
health
336
-
1 178
-
pensions
1 964
-
5 690
-
total
6 985
-
28 959
-
Employer
25 727
-
82 932
-
health
489
-
1 576
-
pensions
2 599
-
10 493
-
total
3 088
-
12 069
-
Corporate
66 184
95 000
-
-
income

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

12 575
18 050
-
-
total
12 575
18 050
-
-
Dividends
53 609
76 950
-
-
withholding
7 838
15 424
-
-
total
7 838
15 424
-
-
Income
95 000
95 000
95 000
95 000
Total tax
30 486
33 474
41 028
32 463
After tax
64 514
61 526
53 972
62 537
Living cost
18 743
18 743
18 743
18 743
Free-cash
45 771
42 783
35 229
43 794

Estimated living cost  is ₴18743 per week

₴12857
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1724
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.
₴3926
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴39486
-₴4572
₴52659
₴5814
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
other
-
-
-
191
health
-
-
-
1 123
accident
-
-
-
130
income
-
-
-
26 487
pensions
-
-
-
2 143
total
-
-
-
30 074
Employee
19 296
-
85 792
-
income
2 647
-
20 287
-
pensions
2 173
-
3 929
-
health
2 209
-
9 823
-
total
7 029
-
34 039
-
Employer
19 296
-
85 792
-
unemployment
473
-
2 102
-
accident
322
-
1 433
-
pensions
3 137
-
5 673
-
total
3 932
-
9 208
-
Corporate
71 772
95 000
-
-
income

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

64 594
85 500
-
-
total
64 594
85 500
-
-
Dividends
7 177
9 500
-
-
withholding
1 364
1 805
-
-
total
1 364
1 805
-
-
Income
95 000
95 000
95 000
95 000
Total tax
76 919
87 305
43 247
30 074
After tax
18 081
7 695
51 753
64 926
Living cost
12 267
12 267
12 267
12 267
Free-cash
5 814
-4 572
39 486
52 659

Estimated living cost  is ₴12267 per week

₴9002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴715
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2302
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61147
₴65783
₴49929
₴70663
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 000
income
-
-
-
15 741
health insurance
-
-
-
6 038
work injury
-
-
-
408
pensions
-
-
-
15 013
unemployment
-
-
-
979
total
-
-
-
38 179
Employee

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

11 027
-
95 000
-
income
1 103
-
15 741
-
work injury
55
-
204
-
health insurance
816
-
3 019
-
pensions
2 029
-
7 507
-
unemployment
132
-
490
-
total
4 135
-
26 961
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
83 973
95 000
-
-
income

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

840
9 500
-
-
total
840
9 500
-
-
Dividends
83 134
85 500
-
-
withholding
12 470
12 825
-
-
total
12 470
12 825
-
-
Income
95 000
95 000
95 000
95 000
Total tax
17 445
22 325
26 961
38 179
After tax
77 555
72 675
68 039
56 821
Living cost
6 892
6 892
6 892
6 892
Free-cash
70 663
65 783
61 147
49 929

Estimated living cost  is ₴6892 per week

₴4269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴19465
₴29691
₴23635
₴27365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
social contributions
-
-
-
24 434
national
-
-
-
23 766
regional
-
-
-
2 181
municipal
-
-
-
635
total
-
-
-
51 016
Employee
43 042
-
95 000
-
social contributions
14 514
-
32 034
-
municipal
257
-
567
-
national
7 274
-
20 649
-
regional
650
-
1 936
-
total
22 695
-
55 186
-
Employer
43 042
-
95 000
-
total
-
-
-
-
Corporate
51 958
95 000
-
-
nationa
12 470
22 800
-
-
municipal
2 505
4 579
-
-
total
14 975
27 379
-
-
Dividends
36 983
67 621
-
-
withholding
9 616
17 581
-
-
total
9 616
17 581
-
-
Income
95 000
95 000
95 000
95 000
Total tax
47 286
44 960
55 186
51 016
After tax
47 714
50 040
39 814
43 984
Living cost
20 349
20 349
20 349
20 349
Free-cash
27 365
29 691
19 465
23 635

Estimated living cost  is ₴20349 per week

₴14294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4347
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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