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
₴38449
₴44788
₴33010
₴33425
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 358
trade
-
-
-
11 363
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.

-
-
-
30 298
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.

-
-
-
1 666
total
-
-
-
46 685
Employee

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

18 803
-
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.

3 358
-
3 358
-
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.

525
-
30 298
-
surtax

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

29
-
1 666
-
total
3 912
-
35 322
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
76 197
95 000
-
-
income
11 430
14 250
-
-
chamber of commerce
184
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.

629
784
-
-
trade
12 001
14 963
-
-
total
24 244
30 208
-
-
Dividends
51 954
64 792
-
-
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.

704
881
-
-
withholding
12 801
16 011
-
-
total
13 505
16 892
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 661
47 100
35 322
46 685
After tax
53 339
47 900
59 678
48 315
Living cost
14 890
14 890
14 890
14 890
Free-cash
38 449
33 010
44 788
33 425

Estimated living cost  is ₴14890 per week

₴9366
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
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.
₴3510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33355
₴30444
₴33779
₴29934
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
10 452
pensions
-
-
-
11 400
national
-
-
-
16 692
total
-
-
-
39 565
Employee
39 531
-
82 127
-
pensions
1 581
-
3 285
-
municipal
4 883
-
10 820
-
national
7 566
-
17 497
-
total
14 030
-
31 602
-
Employer
39 531
-
82 127
-
pensions
3 163
-
6 570
-
social contributions
425
-
883
-
total
3 588
-
7 453
-
Corporate
49 272
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%.

9 854
19 000
-
-
total
9 854
19 000
-
-
Dividends
39 418
76 000
-
-
withholding
8 672
16 720
-
-
total
8 672
16 720
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 144
35 720
39 055
39 565
After tax
58 856
59 280
55 945
55 435
Living cost
25 501
25 501
25 501
25 501
Free-cash
33 355
33 779
30 444
29 934

Estimated living cost  is ₴25501 per week

₴17333
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.
₴382
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5416
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61741
₴30255
₴65773
₴23279
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
18 835
income
-
-
-
18 434
surtax
-
-
-
24 225
microenterprise
-
-
-
-
total
-
-
-
61 494
Employee
14 365
-
72 871
-
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.

1 580
-
6 445
-
income
2 557
-
15 377
-
surtax
-
-
10 566
-
total
4 137
-
32 388
-
Employer
14 365
-
72 871
-
surtax
-
-
8 016
-
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.

3 460
-
14 114
-
total
3 460
-
22 130
-
Corporate
77 175
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%.

15 435
19 000
-
-
total
15 435
19 000
-
-
Dividends

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

61 740
76 000
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
23 032
19 000
54 518
61 494
After tax
71 968
76 000
40 482
33 506
Living cost
10 227
10 227
10 227
10 227
Free-cash
61 741
65 773
30 255
23 279

Estimated living cost  is ₴10227 per week

₴6525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴23553
₴39671
₴26565
₴31268
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 062
income
-
-
-
31 316
pensions
-
-
-
5 760
total
-
-
-
43 138
Employee
41 981
41 981
85 864
-
pensions
7 557
5 760
5 760
-
health
6 444
5 481
6 062
-
income

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

6 872
6 872
13 777
-
total
20 873
18 113
25 599
-
Employer
41 981
41 981
85 864
-
pensions
2 922
2 922
3 632
-
health
2 918
2 918
3 626
-
unemployment
1 511
1 511
1 878
-
total
7 351
7 351
9 136
-
Corporate
46 183
45 668
-
-
income
9 237
9 133
-
-
total
9 237
9 133
-
-
Dividends
36 946
36 535
-
-
income
7 851
7 764
-
-
withholding
5 541
5 480
-
-
total
13 392
13 244
-
-
Income
95 000
95 000
95 000
95 000
Total tax
50 853
47 841
34 735
43 138
After tax
44 147
47 159
60 265
51 862
Living cost
20 594
20 594
20 594
20 594
Free-cash
23 553
26 565
39 671
31 268

Estimated living cost  is ₴20594 per week

₴14594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3816
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31291
₴27786
₴31742
₴28274
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
88
health
-
-
-
2 753
municipal
-
-
-
24 518
pensions
-
-
-
4 769
other
-
-
-
5 126
unemployment
-
-
-
44
national
-
-
-
9 300
total
-
-
-
46 598
Employee
28 680
-
81 140
-
municipal
8 552
-
24 196
-
national
-
-
9 029
-
total
8 552
-
33 225
-
Employer
28 680
-
81 140
-
pensions
3 100
-
4 769
-
other
3 333
-
5 126
-
health
1 764
-
2 713
-
unemployment
757
-
1 165
-
accident
57
-
88
-
total
9 011
-
13 861
-
Corporate
57 309
95 000
-
-
income
12 608
20 900
-
-
total
12 608
20 900
-
-
Dividends
44 701
74 100
-
-
withholding
13 410
22 230
-
-
total
13 410
22 230
-
-
Income
95 000
95 000
95 000
95 000
Total tax
43 581
43 130
47 086
46 598
After tax
51 419
51 870
47 914
48 402
Living cost
20 128
20 128
20 128
20 128
Free-cash
31 291
31 742
27 786
28 274

Estimated living cost  is ₴20128 per week

₴13340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35009
₴40366
₴28101
₴28498
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 358
trade
-
-
-
11 868
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.

-
-
-
30 298
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.

-
-
-
1 666
total
-
-
-
47 190
Employee

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

24 930
-
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.

3 358
-
3 358
-
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.

2 142
-
30 298
-
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.

118
-
1 666
-
total
5 618
-
35 322
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
70 070
95 000
-
-
income
10 510
14 250
-
-
chamber of commerce
174
210
-
-
surtax

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

578
784
-
-
trade
11 526
15 627
-
-
total
22 788
30 871
-
-
Dividends
47 281
64 129
-
-
surtax

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

640
871
-
-
withholding
11 633
15 845
-
-
total
12 273
16 716
-
-
Income
95 000
95 000
95 000
95 000
Total tax
40 679
47 587
35 322
47 190
After tax
54 321
47 413
59 678
47 810
Living cost
19 312
19 312
19 312
19 312
Free-cash
35 009
28 101
40 366
28 498

Estimated living cost  is ₴19312 per week

₴12916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2037
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4071
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51292
₴47754
₴53332
₴48566
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 954
health
-
-
-
2 423
income
-
-
-
20 112
total
-
-
-
30 489
Employee
37 802
37 802
89 120
-
health
376
643
1 515
-
social contributions
1 837
3 137
4 232
-
income
3 970
3 499
19 674
-
total
6 183
7 279
25 421
-
Employer
37 802
37 802
89 120
-
health
410
700
1 648
-
social contributions
1 837
3 137
4 232
-
total
2 247
3 837
5 880
-
Corporate
70 626
53 361
-
-
income
8 828
6 670
-
-
total
8 828
6 670
-
-
Dividends
61 798
46 691
-
-
withholding
10 505
7 937
-
-
total
10 505
7 937
-
-
Income
95 000
95 000
95 000
95 000
Total tax
27 763
25 723
31 301
30 489
After tax
67 237
69 277
63 699
64 511
Living cost
15 945
15 945
15 945
15 945
Free-cash
51 292
53 332
47 754
48 566

Estimated living cost  is ₴15945 per week

₴10900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1245
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.
₴3532
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44438
₴45969
₴44249
₴56708
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

13 140
5 230
79 498
-
unemployment
197
78
1 192
-
pensions
1 314
523
7 950
-
health
920
366
5 565
-
income
1 606
639
9 719
-
total
4 037
1 606
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.

13 140
5 230
79 498
-
pensions
2 562
1 020
15 502
-
total
2 562
1 020
15 502
-
Corporate
79 298
88 751
-
-
income
7 137
7 988
-
-
total
7 137
7 988
-
-
Dividends
72 161
80 763
-
-
social contributions
14 012
15 689
-
-
withholding
13 711
15 345
-
-
total
27 723
31 034
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 459
41 648
39 928
29 189
After tax
53 541
53 352
55 072
65 811
Living cost
9 103
9 103
9 103
9 103
Free-cash
44 438
44 249
45 969
56 708

Estimated living cost  is ₴9103 per week

₴6212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61072
₴42883
₴64126
₴39046
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
13 946
-
71 002
-
unemployment
223
-
1 136
-
pensions
279
-
1 420
-
income
1 570
-
13 689
-
total
2 072
-
16 245
-
Employer
13 946
-
71 002
-
pensions
2 789
-
14 200
-
health
1 813
-
9 230
-
unemployment
112
-
568
-
total
4 714
-
23 998
-
Corporate
76 340
95 000
-
-
income
15 268
19 000
-
-
total
15 268
19 000
-
-
Dividends
61 072
76 000
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
22 054
19 000
40 243
44 080
After tax
72 946
76 000
54 757
50 920
Living cost
11 874
11 874
11 874
11 874
Free-cash
61 072
64 126
42 883
39 046

Estimated living cost  is ₴11874 per week

₴8144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴707
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6017
₴40912
-₴3253
₴53968
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
health
-
-
-
1 085
income
-
-
-
26 618
pensions
-
-
-
2 071
other
-
-
-
184
total
-
-
-
30 084
Employee
17 222
-
85 975
-
pensions
1 939
-
3 797
-
health
1 972
-
9 844
-
income
2 363
-
20 474
-
total
6 274
-
34 115
-
Employer
17 222
-
85 975
-
pensions
2 800
-
5 483
-
unemployment
422
-
2 106
-
accident
287
-
1 436
-
total
3 509
-
9 025
-
Corporate
74 268
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.

66 841
85 500
-
-
total
66 841
85 500
-
-
Dividends
7 427
9 500
-
-
withholding
1 411
1 805
-
-
total
1 411
1 805
-
-
Income
95 000
95 000
95 000
95 000
Total tax
78 035
87 305
43 140
30 084
After tax
16 965
7 695
51 860
64 916
Living cost
10 948
10 948
10 948
10 948
Free-cash
6 017
-3 253
40 912
53 968

Estimated living cost  is ₴10948 per week

₴8024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴607
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴85436
₴71946
₴86196
₴89996
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 068
-
95 000
-
income
1 013
-
19 000
-
total
1 013
-
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%.

89 932
95 000
-
-
total
-
-
-
-
Dividends
89 932
95 000
-
-
withholding
4 497
4 750
-
-
total
4 497
4 750
-
-
Income
95 000
95 000
95 000
95 000
Total tax
5 510
4 750
19 000
950
After tax
89 490
90 250
76 000
94 050
Living cost
4 054
4 054
4 054
4 054
Free-cash
85 436
86 196
71 946
89 996

Estimated living cost  is ₴4054 per week

₴2512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53377
₴40824
₴56698
₴41645
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 289
income
-
-
-
15 474
pensions

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

-
-
-
17 942
other
-
-
-
3 551
total
-
-
-
40 256
Employee
17 850
-
76 151
-
unemployment
178
-
747
-
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.

1 249
-
5 233
-
health
250
-
1 047
-
income
3 073
-
15 201
-
total
4 750
-
22 228
-
Employer
17 850
-
76 151
-
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.

3 035
-
12 709
-
other
893
-
3 737
-
health
250
-
1 047
-
unemployment
178
-
747
-
accident
143
-
609
-
total
4 499
-
18 849
-
Corporate
72 652
95 000
-
-
income
15 257
19 950
-
-
total
15 257
19 950
-
-
Dividends
57 395
75 050
-
-
withholding
4 018
5 253
-
-
total
4 018
5 253
-
-
Income
95 000
95 000
95 000
95 000
Total tax
28 524
25 203
41 077
40 256
After tax
66 476
69 797
53 923
54 744
Living cost
13 099
13 099
13 099
13 099
Free-cash
53 377
56 698
40 824
41 645

Estimated living cost  is ₴13099 per week

₴9255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴884
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2748
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32401
₴21512
₴28907
₴30055
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 241
pensions
-
-
-
4 533
total
-
-
-
32 774
Employee
45 517
-
82 892
-
pensions
4 391
-
5 501
-
health
750
-
1 162
-
income
8 205
-
22 547
-
total
13 346
-
29 210
-
Employer
45 517
-
82 892
-
pensions
5 374
-
10 532
-
health
864
-
1 575
-
total
6 238
-
12 107
-
Corporate
43 244
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.

8 217
18 050
-
-
total
8 217
18 050
-
-
Dividends
35 028
76 950
-
-
withholding
2 627
15 872
-
-
total
2 627
15 872
-
-
Income
95 000
95 000
95 000
95 000
Total tax
30 428
33 922
41 317
32 774
After tax
64 572
61 078
53 683
62 226
Living cost
32 171
32 171
32 171
32 171
Free-cash
32 401
28 907
21 512
30 055

Estimated living cost  is ₴32171 per week

₴24106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3780
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.
₴4024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴72496
₴73536
₴74780
₴69720
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 975
income
-
-
-
14 250
pensions

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

-
-
-
2 541
unemployment
-
-
-
69
total
-
-
-
18 835
Employee
8 534
-
91 631
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

749
-
1 508
-
health
393
-
790
-
income
853
-
9 163
-
total
2 089
-
11 650
-
Employer
8 534
-
91 631
-
pensions

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

941
-
1 892
-
health
589
-
1 185
-
unemployment
51
-
103
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
total
1 675
-
3 369
-
Corporate
84 791
95 000
-
-
income
8 479
9 500
-
-
total
8 479
9 500
-
-
Dividends
76 312
85 500
-
-
withholding
3 816
4 275
-
-
total
3 816
4 275
-
-
Income
95 000
95 000
95 000
95 000
Total tax
16 059
13 775
15 019
18 835
After tax
78 941
81 225
79 981
76 165
Living cost
6 445
6 445
6 445
6 445
Free-cash
72 496
74 780
73 536
69 720

Estimated living cost  is ₴6445 per week

₴3763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴460
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2051
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21135
₴33005
₴19899
₴24602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 062
income
-
-
-
31 316
pensions
-
-
-
5 760
total
-
-
-
43 138
Employee
45 578
41 981
85 864
-
pensions
5 760
5 760
5 760
-
health
5 686
5 481
6 062
-
income

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

6 872
6 872
13 777
-
total
18 318
18 113
25 599
-
Employer
45 578
41 981
85 864
-
pensions
3 172
2 922
3 632
-
health
3 167
2 918
3 626
-
unemployment
1 641
1 511
1 878
-
total
7 980
7 351
9 136
-
Corporate
41 442
45 668
-
-
income
8 289
9 133
-
-
total
8 289
9 133
-
-
Dividends
33 153
36 535
-
-
income
7 045
7 764
-
-
withholding
4 973
5 480
-
-
total
12 018
13 244
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 605
47 841
34 735
43 138
After tax
48 395
47 159
60 265
51 862
Living cost
27 260
27 260
27 260
27 260
Free-cash
21 135
19 899
33 005
24 602

Estimated living cost  is ₴27260 per week

₴20109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2435
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4404
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48839
₴38395
₴53196
₴42391
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 572
health
-
-
-
12 825
income
-
-
-
9 690
solidarity contribution
-
-
-
310
total
-
-
-
40 397
Employee
17 958
-
73 354
-
solidarity contribution
-
-
-
-
health
2 424
-
9 903
-
social contributions
1 167
-
3 912
-
income
2 155
-
8 931
-
total
5 746
-
22 746
-
Employer
17 958
-
73 354
-
health
1 616
-
6 602
-
social contributions
4 490
-
15 045
-
total
6 106
-
21 647
-
Corporate
70 936
95 000
-
-
income
13 478
18 050
-
-
total
13 478
18 050
-
-
Dividends
57 458
76 950
-
-
withholding
8 619
11 542
-
-
total
8 619
11 542
-
-
Income
95 000
95 000
95 000
95 000
Total tax
33 949
29 592
44 393
40 397
After tax
61 051
65 408
50 607
54 603
Living cost
12 212
12 212
12 212
12 212
Free-cash
48 839
53 196
38 395
42 391

Estimated living cost  is ₴12212 per week

₴8482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴869
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27377
₴19876
₴29942
₴24156
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
564
regional
-
-
-
1 130
national
-
-
-
23 972
total
-
-
-
50 100
Employee
43 691
-
95 000
-
regional
412
-
998
-
municipal
231
-
504
-
national
7 571
-
20 844
-
social contributions
14 732
-
32 034
-
total
22 946
-
54 380
-
Employer
43 691
-
95 000
-
total
-
-
-
-
Corporate
51 309
95 000
-
-
municipal
2 001
3 705
-
-
nationa
12 314
22 800
-
-
total
14 315
26 505
-
-
Dividends
36 994
68 495
-
-
withholding
9 618
17 809
-
-
total
9 618
17 809
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 879
44 314
54 380
50 100
After tax
48 121
50 686
40 620
44 900
Living cost
20 744
20 744
20 744
20 744
Free-cash
27 377
29 942
19 876
24 156

Estimated living cost  is ₴20744 per week

₴14460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
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.
₴4605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47376
₴30991
₴48907
₴33996
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 658
income
-
-
-
27 795
surtax
-
-
-
4 469
pensions
-
-
-
13 122
other
-
-
-
-
unemployment
-
-
-
112
total
-
-
-
50 156
Employee
16 257
-
81 189
-
unemployment
1 132
-
4 567
-
pensions
1 084
-
4 376
-
health
415
-
1 673
-
income
2 725
-
24 855
-
other
-
-
-
-
surtax
53
-
3 880
-
total
5 409
-
39 351
-
Employer
16 257
-
81 189
-
pensions
2 167
-
8 746
-
other
-
-
-
-
health
740
-
2 985
-
unemployment
515
-
2 079
-
total
3 422
-
13 810
-
Corporate
75 321
95 000
-
-
income
19 584
24 700
-
-
total
19 584
24 700
-
-
Dividends
55 738
70 300
-
-
withholding
8 361
10 545
-
-
total
8 361
10 545
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 776
35 245
53 161
50 156
After tax
58 224
59 755
41 839
44 844
Living cost
10 848
10 848
10 848
10 848
Free-cash
47 376
48 907
30 991
33 996

Estimated living cost  is ₴10848 per week

₴6633
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1001
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42278
₴31705
₴39100
₴40248
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 241
pensions
-
-
-
4 533
total
-
-
-
32 774
Employee
30 504
-
82 892
-
pensions
2 589
-
5 501
-
health
443
-
1 162
-
income
5 494
-
22 547
-
total
8 526
-
29 210
-
Employer
30 504
-
82 892
-
pensions
3 302
-
10 532
-
health
579
-
1 575
-
total
3 881
-
12 107
-
Corporate
60 614
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.

11 517
18 050
-
-
total
11 517
18 050
-
-
Dividends
49 098
76 950
-
-
withholding
6 820
15 872
-
-
total
6 820
15 872
-
-
Income
95 000
95 000
95 000
95 000
Total tax
30 744
33 922
41 317
32 774
After tax
64 256
61 078
53 683
62 226
Living cost
21 978
21 978
21 978
21 978
Free-cash
42 278
39 100
31 705
40 248

Estimated living cost  is ₴21978 per week

₴16466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴21137
₴33207
₴4460
₴37475
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
213
pensions
-
-
-
8 740
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
regional
-
-
-
4 866
city
-
-
-
1 001
national
-
-
-
1 823
total
-
-
-
18 543
Employee
45 619
-
85 041
-
unemployment
-
-
-
-
pensions
3 833
-
7 132
-
regional
1 494
-
4 203
-
national
216
-
1 347
-
health
103
-
191
-
city
490
-
914
-
total
6 136
-
13 787
-
Employer
45 619
-
85 041
-
pensions
3 833
-
7 132
-
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.

912
-
1 701
-
health
103
-
191
-
unemployment
-
-
-
-
total
4 848
-
9 024
-
Corporate
44 031
95 000
-
-
regional
9 312
20 092
-
-
national
3 743
8 075
-
-
total
13 055
28 167
-
-
Dividends
30 977
66 833
-
-
withholding
10 842
23 391
-
-
total
10 842
23 391
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 881
51 558
22 811
18 543
After tax
60 119
43 442
72 189
76 457
Living cost
38 982
38 982
38 982
38 982
Free-cash
21 137
4 460
33 207
37 475

Estimated living cost  is ₴38982 per week

₴25350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3498
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴479
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴32374
₴37157
₴24404
₴24785
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 358
trade
-
-
-
12 372
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.

-
-
-
30 298
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.

-
-
-
1 666
total
-
-
-
47 694
Employee

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

29 544
-
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.

3 358
-
3 358
-
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.

3 474
-
30 298
-
surtax

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

191
-
1 666
-
total
7 023
-
35 322
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 456
95 000
-
-
income
9 818
14 250
-
-
chamber of commerce
167
208
-
-
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.

540
784
-
-
trade
11 226
16 292
-
-
total
21 751
31 534
-
-
Dividends
43 705
63 466
-
-
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.

591
862
-
-
withholding
10 740
15 679
-
-
total
11 331
16 541
-
-
Income
95 000
95 000
95 000
95 000
Total tax
40 105
48 075
35 322
47 694
After tax
54 895
46 925
59 678
47 306
Living cost
22 521
22 521
22 521
22 521
Free-cash
32 374
24 404
37 157
24 785

Estimated living cost  is ₴22521 per week

₴16448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1801
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3979
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33965
₴34435
₴31061
₴36518
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 706
health
-
-
-
4 280
income
-
-
-
15 593
surtax
-
-
-
-
pensions
-
-
-
16 139
other
-
-
-
2 945
total
-
-
-
41 663
Employee
21 040
-
73 144
-
pensions
2 379
-
5 244
-
social contributions
600
-
2 084
-
income
1 242
-
14 564
-
surtax
-
-
-
-
total
4 221
-
21 892
-
Employer
21 040
-
73 144
-
pensions
3 456
-
8 799
-
other
726
-
2 920
-
health
1 473
-
6 954
-
unemployment
852
-
2 962
-
social contributions
63
-
219
-
total
6 570
-
21 854
-
Corporate
67 390
95 000
-
-
income
18 869
26 600
-
-
surtax
-
-
-
-
total
18 869
26 600
-
-
Dividends
48 521
68 400
-
-
surtax
-
-
-
-
social contributions
8 346
11 765
-
-
withholding
6 210
8 755
-
-
total
14 556
20 520
-
-
Income
95 000
95 000
95 000
95 000
Total tax
44 216
47 120
43 746
41 663
After tax
50 784
47 880
51 254
53 337
Living cost
16 819
16 819
16 819
16 819
Free-cash
33 965
31 061
34 435
36 518

Estimated living cost  is ₴16819 per week

₴10605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
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.
₴4561
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35462
₴36101
₴32727
₴38184
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 706
health
-
-
-
4 280
income
-
-
-
15 593
surtax
-
-
-
-
pensions
-
-
-
16 139
other
-
-
-
2 945
total
-
-
-
41 663
Employee
18 781
-
73 144
-
pensions
2 124
-
5 244
-
social contributions
535
-
2 084
-
income
968
-
14 564
-
surtax
-
-
-
-
total
3 627
-
21 892
-
Employer
18 781
-
73 144
-
pensions
3 086
-
8 799
-
other
648
-
2 920
-
health
1 314
-
6 954
-
unemployment
760
-
2 962
-
social contributions
56
-
219
-
total
5 864
-
21 854
-
Corporate
70 354
95 000
-
-
income
19 699
26 600
-
-
surtax
-
-
-
-
total
19 699
26 600
-
-
Dividends
50 655
68 400
-
-
surtax
-
-
-
-
social contributions
8 711
11 765
-
-
withholding
6 484
8 755
-
-
total
15 195
20 520
-
-
Income
95 000
95 000
95 000
95 000
Total tax
44 385
47 120
43 746
41 663
After tax
50 615
47 880
51 254
53 337
Living cost
15 153
15 153
15 153
15 153
Free-cash
35 462
32 727
36 101
38 184

Estimated living cost  is ₴15153 per week

₴8788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1539
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4539
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47791
₴48379
₴47536
₴50585
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
16 668
-
95 000
-
health
1 163
-
6 631
-
social contributions
2 301
-
13 110
-
income
2 780
-
16 456
-
total
6 244
-
36 197
-
Employer
16 668
-
95 000
-
total
-
-
-
-
Corporate
78 332
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%.

3 916
4 750
-
-
total
3 916
4 750
-
-
Dividends
74 415
90 250
-
-
health
5 194
6 299
-
-
social contributions
10 269
12 454
-
-
withholding
11 162
13 537
-
-
total
26 625
32 290
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 785
37 040
36 197
33 991
After tax
58 215
57 960
58 803
61 009
Living cost
10 424
10 424
10 424
10 424
Free-cash
47 791
47 536
48 379
50 585

Estimated living cost  is ₴10424 per week

₴6976
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴643
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34400
₴7749
₴35160
₴31460
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 393
surtax
-
-
-
97
income
-
-
-
27 708
chamber of commerce
-
-
-
380
pensions
-
-
-
10 625
unemployment
-
-
-
3 015
total
-
-
-
46 218
Employee
24 568
19 591
76 949
-
unemployment
737
588
1 723
-
pensions
2 516
2 006
5 881
-
health
951
758
2 222
-
income
2 797
1 445
22 707
-
other
245
196
575
-
total
7 246
4 993
33 108
-
Employer
24 568
19 591
76 949
-
chamber of commerce
98
78
308
-
pensions
3 083
2 459
7 208
-
other
1 167
930
3 489
-
health
928
741
2 171
-
unemployment
737
588
1 723
-
accident
319
255
746
-
surtax
97
97
97
-
payroll
737
588
2 308
-
total
7 166
5 736
18 050
-
Corporate
63 265
69 673
75 084
-
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.

15 817
17 418
18 771
-
total
15 817
17 418
18 771
-
Dividends
47 449
52 255
-
-
withholding
13 049
14 371
-
-
total
13 049
14 371
-
-
Income
95 000
95 000
95 000
95 000
Total tax
43 278
42 518
69 929
46 218
After tax
51 722
52 482
25 071
48 782
Living cost
17 322
17 322
17 322
17 322
Free-cash
34 400
35 160
7 749
31 460

Estimated living cost  is ₴17322 per week

₴11553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1478
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4007
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27817
₴15053
₴35079
₴23317
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 256
communal

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

-
-
-
4 965
national
-
-
-
36 538
total
-
-
-
53 759
Employee

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

35 165
-
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.

306
-
640
-
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.

2 637
-
5 518
-
national
10 811
-
27 149
-
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.

1 652
-
3 458
-
communal

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

1 834
-
3 838
-
total
17 240
-
40 603
-
Employer

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

35 165
-
73 580
-
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.

3 116
-
6 519
-
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.

2 162
-
4 525
-
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.

513
-
1 075
-
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.

457
-
957
-
surtax
3 987
-
8 344
-
total
10 235
-
21 420
-
Corporate
49 600
95 000
-
-
income
9 920
19 154
-
-
surtax
199
383
-
-
total
10 119
19 537
-
-
Dividends
39 481
75 463
-
-
withholding

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

11 665
22 460
-
-
total
11 665
22 460
-
-
Income
95 000
95 000
95 000
95 000
Total tax
49 259
41 997
62 023
53 759
After tax
45 741
53 003
32 977
41 241
Living cost
17 924
17 924
17 924
17 924
Free-cash
27 817
35 079
15 053
23 317

Estimated living cost  is ₴17924 per week

₴11546
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1567
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42101
₴33402
₴45469
₴35465
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
410
income
-
-
-
28 111
pensions
-
-
-
12 895
other
-
-
-
46
unemployment
-
-
-
319
total
-
-
-
41 781
Employee
24 471
-
80 474
-
unemployment
380
-
706
-
pensions
1 150
-
2 142
-
income
5 163
-
26 423
-
other
24
-
46
-
total
6 717
-
29 317
-
Employer
24 471
-
80 474
-
pensions
5 775
-
10 754
-
other
195
-
365
-
unemployment
1 346
-
2 506
-
accident
484
-
902
-
total
7 800
-
14 527
-
Corporate
62 729
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.

9 409
14 250
-
-
total
9 409
14 250
-
-
Dividends
53 320
80 750
-
-
withholding
11 219
17 527
-
-
total
11 219
17 527
-
-
Income
95 000
95 000
95 000
95 000
Total tax
35 145
31 777
43 844
41 781
After tax
59 855
63 223
51 156
53 219
Living cost
17 754
17 754
17 754
17 754
Free-cash
42 101
45 469
33 402
35 465

Estimated living cost  is ₴17754 per week

₴13074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1259
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21688
₴23099
₴28238
₴19312
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
801
health
-
-
-
6 675
income
-
-
-
16 544
surtax
-
-
-
4 709
pensions
-
-
-
14 239
communal
-
-
-
6 004
total
-
-
-
48 972
Employee
37 229
-
84 859
-
pensions
2 978
-
6 789
-
health
1 657
-
3 775
-
income
3 596
-
19 279
-
surtax
2 282
-
5 201
-
total
10 513
-
35 044
-
Employer
37 229
-
84 859
-
pensions
2 978
-
6 789
-
health
1 135
-
2 588
-
accident
335
-
764
-
total
4 448
-
10 141
-
Corporate
53 323
95 000
-
-
income
7 999
14 250
-
-
communal
3 599
6 413
-
-
surtax
560
997
-
-
total
12 158
21 660
-
-
Dividends
41 166
73 340
-
-
income
13 302
7 385
-
-
withholding
6 175
11 001
-
-
total
19 477
18 386
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 596
40 046
45 185
48 972
After tax
48 404
54 954
49 815
46 028
Living cost
26 716
26 716
26 716
26 716
Free-cash
21 688
28 238
23 099
19 312

Estimated living cost  is ₴26716 per week

₴20041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47149
₴30797
₴48713
₴33802
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 658
income
-
-
-
27 795
surtax
-
-
-
4 469
pensions
-
-
-
13 122
other
-
-
-
-
unemployment
-
-
-
112
total
-
-
-
50 156
Employee
16 555
-
81 189
-
unemployment
1 152
-
4 567
-
pensions
1 105
-
4 376
-
health
423
-
1 673
-
income
2 775
-
24 855
-
other
-
-
-
-
surtax
59
-
3 880
-
total
5 514
-
39 351
-
Employer
16 555
-
81 189
-
pensions
2 207
-
8 746
-
other
-
-
-
-
health
753
-
2 985
-
unemployment
525
-
2 079
-
total
3 485
-
13 810
-
Corporate
74 959
95 000
-
-
income
19 489
24 700
-
-
total
19 489
24 700
-
-
Dividends
55 470
70 300
-
-
withholding
8 321
10 545
-
-
total
8 321
10 545
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 809
35 245
53 161
50 156
After tax
58 191
59 755
41 839
44 844
Living cost
11 042
11 042
11 042
11 042
Free-cash
47 149
48 713
30 797
33 802

Estimated living cost  is ₴11042 per week

₴6667
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴960
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3160
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35600
₴27096
₴36692
₴31355
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
564
regional
-
-
-
1 432
national
-
-
-
23 972
total
-
-
-
50 402
Employee
27 270
-
95 000
-
regional
367
-
1 279
-
municipal
145
-
504
-
national
4 320
-
20 844
-
social contributions
9 196
-
32 034
-
total
14 028
-
54 661
-
Employer
27 270
-
95 000
-
total
-
-
-
-
Corporate
67 730
95 000
-
-
municipal
3 366
4 721
-
-
nationa
16 255
22 800
-
-
total
19 621
27 521
-
-
Dividends
48 109
67 478
-
-
withholding
12 508
17 544
-
-
total
12 508
17 544
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 157
45 065
54 661
50 402
After tax
48 843
49 935
40 339
44 598
Living cost
13 243
13 243
13 243
13 243
Free-cash
35 600
36 692
27 096
31 355

Estimated living cost  is ₴13243 per week

₴8236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1342
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3439
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44991
₴35559
₴50360
₴39555
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 572
health
-
-
-
12 825
income
-
-
-
9 690
solidarity contribution
-
-
-
310
total
-
-
-
40 397
Employee
22 129
-
73 354
-
solidarity contribution
-
-
-
-
health
2 987
-
9 903
-
social contributions
1 438
-
3 912
-
income
2 656
-
8 931
-
total
7 081
-
22 746
-
Employer
22 129
-
73 354
-
health
1 992
-
6 602
-
social contributions
5 532
-
15 045
-
total
7 524
-
21 647
-
Corporate
65 347
95 000
-
-
income
12 416
18 050
-
-
total
12 416
18 050
-
-
Dividends
52 931
76 950
-
-
withholding
7 940
11 542
-
-
total
7 940
11 542
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 961
29 592
44 393
40 397
After tax
60 039
65 408
50 607
54 603
Living cost
15 048
15 048
15 048
15 048
Free-cash
44 991
50 360
35 559
39 555

Estimated living cost  is ₴15048 per week

₴11191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴834
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.
₴2763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36606
₴9411
₴36851
₴33195
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 393
surtax
-
-
-
-
income
-
-
-
27 708
chamber of commerce
-
-
-
380
pensions
-
-
-
10 625
unemployment
-
-
-
3 015
total
-
-
-
46 121
Employee
21 489
19 591
77 041
-
unemployment
645
588
1 723
-
pensions
2 201
2 006
5 881
-
health
831
758
2 222
-
income
1 914
1 445
22 751
-
other
215
196
575
-
total
5 806
4 993
33 152
-
Employer
21 489
19 591
77 041
-
chamber of commerce
86
78
308
-
pensions
2 697
2 459
7 208
-
other
1 021
930
3 493
-
health
813
741
2 171
-
unemployment
645
588
1 723
-
accident
279
255
746
-
surtax
-
-
-
-
payroll
645
588
2 311
-
total
6 186
5 639
17 960
-
Corporate
67 326
69 770
75 175
-
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.

16 832
17 443
18 793
-
total
16 832
17 443
18 793
-
Dividends
50 495
52 328
-
-
withholding
13 886
14 390
-
-
total
13 886
14 390
-
-
Income
95 000
95 000
95 000
95 000
Total tax
42 710
42 465
69 905
46 121
After tax
52 290
52 535
25 095
48 879
Living cost
15 684
15 684
15 684
15 684
Free-cash
36 606
36 851
9 411
33 195

Estimated living cost  is ₴15684 per week

₴9408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1602
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4394
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴82747
₴69682
₴83932
₴87732
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 897
-
95 000
-
income
1 580
-
19 000
-
total
1 580
-
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%.

87 103
95 000
-
-
total
-
-
-
-
Dividends
87 103
95 000
-
-
withholding
4 355
4 750
-
-
total
4 355
4 750
-
-
Income
95 000
95 000
95 000
95 000
Total tax
5 935
4 750
19 000
950
After tax
89 065
90 250
76 000
94 050
Living cost
6 318
6 318
6 318
6 318
Free-cash
82 747
83 932
69 682
87 732

Estimated living cost  is ₴6318 per week

₴4275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48109
₴30269
₴52221
₴32564
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 349
income
-
-
-
22 409
pensions
-
-
-
17 349
unemployment
-
-
-
143
total
-
-
-
49 250
Employee

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

21 739
-
82 201
-
unemployment
31
-
115
-
pensions
3 370
-
12 742
-
health
1 404
-
5 310
-
income
3 749
-
20 580
-
total
8 554
-
38 747
-
Employer

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

21 739
-
82 201
-
pensions
1 924
-
7 275
-
health
1 448
-
5 474
-
unemployment
13
-
49
-
total
3 385
-
12 798
-
Corporate
69 877
95 000
-
-
income
13 276
18 050
-
-
total
13 276
18 050
-
-
Dividends
56 600
76 950
-
-
withholding
8 490
11 543
-
-
total
8 490
11 543
-
-
Income
95 000
95 000
95 000
95 000
Total tax
33 705
29 593
51 545
49 250
After tax
61 295
65 407
43 455
45 750
Living cost
13 186
13 186
13 186
13 186
Free-cash
48 109
52 221
30 269
32 564

Estimated living cost  is ₴13186 per week

₴9049
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴845
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3037
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13095
₴67254
₴36535
₴44390
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 489
-
-
-
social contributions
2 500
-
356
-
income
6 725
-
-
-
total
9 225
-
356
-
Employer
30 489
-
-
-
social contributions
42 989
-
6 127
-
total
42 989
-
6 127
-
Corporate
21 522
95 000
-
-
income
4 735
20 900
-
-
total
4 735
20 900
-
-
Dividends
16 787
74 100
-
-
income
3 693
16 302
-
-
total
3 693
16 302
-
-
Income
95 000
95 000
95 000
95 000
Total tax
60 642
37 202
6 483
29 347
After tax
34 358
57 798
88 517
65 653
Living cost
21 263
21 263
21 263
21 263
Free-cash
13 095
36 535
67 254
44 390

Estimated living cost  is ₴21263 per week

₴13797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38121
₴27715
₴38616
₴34917
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 650
surtax
-
-
-
-
total
-
-
-
44 663
Employee
22 610
-
76 767
-
social contributions
2 487
-
8 445
-
income
4 703
-
25 188
-
surtax
-
-
-
-
total
7 190
-
33 633
-
Employer
22 610
-
76 767
-
social contributions
5 370
-
18 232
-
total
5 370
-
18 232
-
Corporate
67 020
95 000
-
-
income
14 074
19 950
-
-
surtax
-
-
-
-
total
14 074
19 950
-
-
Dividends
52 946
75 050
-
-
withholding
14 825
21 014
-
-
total
14 825
21 014
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 459
40 964
51 865
44 663
After tax
53 541
54 036
43 135
50 337
Living cost
15 420
15 420
15 420
15 420
Free-cash
38 121
38 616
27 715
34 917

Estimated living cost  is ₴15420 per week

₴11537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴910
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27515
₴27510
₴24136
₴29593
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 706
health
-
-
-
4 280
income
-
-
-
15 593
surtax
-
-
-
-
pensions
-
-
-
16 139
other
-
-
-
2 945
total
-
-
-
41 663
Employee
30 790
-
73 144
-
pensions
3 483
-
5 244
-
social contributions
877
-
2 084
-
income
2 686
-
14 564
-
surtax
-
-
-
-
total
7 046
-
21 892
-
Employer
30 790
-
73 144
-
pensions
5 059
-
8 799
-
other
1 063
-
2 920
-
health
2 155
-
6 954
-
unemployment
1 247
-
2 962
-
social contributions
92
-
219
-
total
9 616
-
21 854
-
Corporate
54 594
95 000
-
-
income
15 287
26 600
-
-
surtax
-
-
-
-
total
15 287
26 600
-
-
Dividends
39 307
68 400
-
-
surtax
-
-
-
-
social contributions
6 761
11 765
-
-
withholding
5 031
8 755
-
-
total
11 792
20 520
-
-
Income
95 000
95 000
95 000
95 000
Total tax
43 741
47 120
43 746
41 663
After tax
51 259
47 880
51 254
53 337
Living cost
23 744
23 744
23 744
23 744
Free-cash
27 515
24 136
27 510
29 593

Estimated living cost  is ₴23744 per week

₴16069
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1942
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5406
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69071
₴57422
₴70723
₴54898
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 900
income
-
-
-
4 425
total
-
-
-
25 325
Employee
15 804
-
82 251
-
social contributions
1 027
-
5 346
-
income
-
-
4 706
-
total
1 027
-
10 052
-
Employer
15 804
-
82 251
-
social contributions
2 450
-
12 749
-
total
2 450
-
12 749
-
Corporate
76 746
95 000
-
-
income
7 675
9 500
-
-
total
7 675
9 500
-
-
Dividends
69 071
85 500
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
11 152
9 500
22 801
25 325
After tax
83 848
85 500
72 199
69 675
Living cost
14 777
14 777
14 777
14 777
Free-cash
69 071
70 723
57 422
54 898

Estimated living cost  is ₴14777 per week

₴9555
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1114
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.
₴3831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12019
-₴12019
-₴12019
₴31882
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
20 041
pensions
-
-
-
426
labour market
-
-
-
7 566
national
-
-
-
11 429
total
-
-
-
39 462
Employee
99 845
99 845
99 845
-
pensions
142
142
142
-
municipal
21 261
21 261
21 261
-
national
12 198
12 198
12 198
-
labour market
7 976
7 976
7 976
-
total
41 577
41 577
41 577
-
Employer
99 845
99 845
99 845
-
municipal
21 295
21 295
21 295
-
pensions
284
284
284
-
national
12 219
12 219
12 219
-
labour market
7 988
7 988
7 988
-
total
41 786
41 786
41 786
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
83 363
83 363
83 363
39 462
After tax
11 637
11 637
11 637
55 538
Living cost
23 656
23 656
23 656
23 656
Free-cash
-12 019
-12 019
-12 019
31 882

Estimated living cost  is ₴23656 per week

₴16190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2093
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴364
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5009
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6040
₴41073
-₴3092
₴54129
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
health
-
-
-
1 085
income
-
-
-
26 618
pensions
-
-
-
2 071
other
-
-
-
184
total
-
-
-
30 084
Employee
16 968
-
85 975
-
pensions
1 911
-
3 797
-
health
1 943
-
9 844
-
income
2 328
-
20 474
-
total
6 182
-
34 115
-
Employer
16 968
-
85 975
-
pensions
2 759
-
5 483
-
unemployment
416
-
2 106
-
accident
283
-
1 436
-
total
3 458
-
9 025
-
Corporate
74 574
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.

67 116
85 500
-
-
total
67 116
85 500
-
-
Dividends
7 457
9 500
-
-
withholding
1 417
1 805
-
-
total
1 417
1 805
-
-
Income
95 000
95 000
95 000
95 000
Total tax
78 173
87 305
43 140
30 084
After tax
16 827
7 695
51 860
64 916
Living cost
10 787
10 787
10 787
10 787
Free-cash
6 040
-3 092
41 073
54 129

Estimated living cost  is ₴10787 per week

₴7851
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴615
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41571
₴30296
₴40133
₴41179
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 258
municipal
-
-
-
16 873
national
-
-
-
16 816
total
-
-
-
34 947
Employee
25 864
-
79 919
-
unemployment
388
-
1 199
-
pensions
1 745
-
5 394
-
municipal
4 236
-
13 014
-
national
427
-
10 116
-
health
193
-
1 025
-
total
6 989
-
30 748
-
Employer
25 864
-
79 919
-
pensions
4 487
-
13 866
-
health
199
-
616
-
unemployment
168
-
520
-
accident
26
-
80
-
total
4 880
-
15 082
-
Corporate
64 256
95 000
-
-
income
12 851
19 000
-
-
total
12 851
19 000
-
-
Dividends

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

38 554
57 000
-
-
national
2 895
6 733
-
-
municipal
6 940
10 260
-
-
total
9 835
16 993
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 555
35 993
45 830
34 947
After tax
60 445
59 007
49 170
60 053
Living cost
18 874
18 874
18 874
18 874
Free-cash
41 571
40 133
30 296
41 179

Estimated living cost  is ₴18874 per week

₴12328
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1815
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.
₴4430
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55219
₴52317
₴57895
₴53129
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 954
health
-
-
-
2 423
income
-
-
-
20 112
total
-
-
-
30 489
Employee
37 802
37 802
89 120
-
health
293
643
1 515
-
social contributions
1 429
3 137
4 232
-
income
4 116
3 499
19 674
-
total
5 838
7 279
25 421
-
Employer
37 802
37 802
89 120
-
health
318
700
1 648
-
social contributions
1 429
3 137
4 232
-
total
1 747
3 837
5 880
-
Corporate
76 033
53 361
-
-
income
9 504
6 670
-
-
total
9 504
6 670
-
-
Dividends
66 528
46 691
-
-
withholding
11 310
7 937
-
-
total
11 310
7 937
-
-
Income
95 000
95 000
95 000
95 000
Total tax
28 399
25 723
31 301
30 489
After tax
66 601
69 277
63 699
64 511
Living cost
11 382
11 382
11 382
11 382
Free-cash
55 219
57 895
52 317
53 129

Estimated living cost  is ₴11382 per week

₴6821
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1117
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68364
₴62679
₴70865
₴72540
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 779
income
-
-
-
9 735
pensions
-
-
-
3 127
unemployment
-
-
-
14
total
-
-
-
14 655
Employee

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

11 284
-
90 196
-
unemployment
56
-
233
-
pensions
1 692
-
6 997
-
health
959
-
3 965
-
income
772
-
8 517
-
total
3 479
-
19 712
-
Employer

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

11 284
-
90 196
-
pensions
620
-
2 565
-
health
485
-
2 006
-
unemployment
56
-
233
-
total
1 161
-
4 804
-
Corporate
82 555
95 000
-
-
income
7 430
8 550
-
-
total
7 430
8 550
-
-
Dividends
75 125
86 450
-
-
withholding
6 761
7 780
-
-
total
6 761
7 780
-
-
Income
95 000
95 000
95 000
95 000
Total tax
18 831
16 330
24 516
14 655
After tax
76 169
78 670
70 484
80 345
Living cost
7 805
7 805
7 805
7 805
Free-cash
68 364
70 865
62 679
72 540

Estimated living cost  is ₴7805 per week

₴4980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2030
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47532
₴37638
₴49705
₴39701
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
410
income
-
-
-
28 111
pensions
-
-
-
12 895
other
-
-
-
46
unemployment
-
-
-
319
total
-
-
-
41 781
Employee
18 177
-
80 474
-
unemployment
282
-
706
-
pensions
855
-
2 142
-
income
3 504
-
26 423
-
other
18
-
46
-
total
4 659
-
29 317
-
Employer
18 177
-
80 474
-
pensions
4 290
-
10 754
-
other
146
-
365
-
unemployment
1 000
-
2 506
-
accident
360
-
902
-
total
5 796
-
14 527
-
Corporate
71 027
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.

10 654
14 250
-
-
total
10 654
14 250
-
-
Dividends
60 374
80 750
-
-
withholding
12 841
17 527
-
-
total
12 841
17 527
-
-
Income
95 000
95 000
95 000
95 000
Total tax
33 950
31 777
43 844
41 781
After tax
61 050
63 223
51 156
53 219
Living cost
13 518
13 518
13 518
13 518
Free-cash
47 532
49 705
37 638
39 701

Estimated living cost  is ₴13518 per week

₴9125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1300
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2857
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58161
₴60155
₴58318
₴60222
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
509
income
-
-
-
32 605
pensions
-
-
-
702
total
-
-
-
33 816
Employee
1 465
-
94 211
-
unemployment
15
-
35
-
pensions
132
-
316
-
health
73
-
175
-
income
283
-
32 568
-
total
503
-
33 094
-
Employer
1 465
-
94 211
-
pensions
161
-
386
-
health
139
-
333
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
93 205
95 000
-
-
income
20 505
20 900
-
-
total
20 505
20 900
-
-
Dividends
72 700
74 100
-
-
withholding
14 540
14 820
-
-
total
14 540
14 820
-
-
Income
95 000
95 000
95 000
95 000
Total tax
35 877
35 720
33 883
33 816
After tax
59 123
59 280
61 117
61 184
Living cost
962
962
962
962
Free-cash
58 161
58 318
60 155
60 222

Estimated living cost  is ₴962 per week

₴572
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴57721
₴51078
₴60138
₴51075
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 741
income
-
-
-
21 697
pensions
-
-
-
9 443
unemployment
-
-
-
545
total
-
-
-
35 426
Employee

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

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

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

12 815
-
88 499
-
unemployment
96
-
272
-
pensions
1 794
-
5 084
-
health
660
-
1 870
-
income
1 766
-
21 697
-
total
4 316
-
28 923
-
Employer

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

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

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

12 815
-
88 499
-
pensions
1 538
-
4 358
-
health
660
-
1 870
-
unemployment
96
-
272
-
total
2 294
-
6 500
-
Corporate
79 891
95 000
-
-
income
11 984
14 250
-
-
total
11 984
14 250
-
-
Dividends
67 907
80 750
-
-
withholding
10 186
12 113
-
-
total
10 186
12 113
-
-
Income
95 000
95 000
95 000
95 000
Total tax
28 780
26 363
35 423
35 426
After tax
66 220
68 637
59 577
59 574
Living cost
8 499
8 499
8 499
8 499
Free-cash
57 721
60 138
51 078
51 075

Estimated living cost  is ₴8499 per week

₴5722
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴657
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.
₴1873
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40606
₴29882
₴40783
₴37084
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 650
surtax
-
-
-
-
total
-
-
-
44 663
Employee
19 080
-
76 767
-
social contributions
2 099
-
8 445
-
income
3 728
-
25 188
-
surtax
-
-
-
-
total
5 827
-
33 633
-
Employer
19 080
-
76 767
-
social contributions
4 531
-
18 232
-
total
4 531
-
18 232
-
Corporate
71 389
95 000
-
-
income
14 992
19 950
-
-
surtax
-
-
-
-
total
14 992
19 950
-
-
Dividends
56 397
75 050
-
-
withholding
15 791
21 014
-
-
total
15 791
21 014
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 141
40 964
51 865
44 663
After tax
53 859
54 036
43 135
50 337
Living cost
13 253
13 253
13 253
13 253
Free-cash
40 606
40 783
29 882
37 084

Estimated living cost  is ₴13253 per week

₴9387
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2711
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42728
₴33879
₴45946
₴35942
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
410
income
-
-
-
28 111
pensions
-
-
-
12 895
other
-
-
-
46
unemployment
-
-
-
319
total
-
-
-
41 781
Employee
23 742
-
80 474
-
unemployment
368
-
706
-
pensions
1 116
-
2 142
-
income
4 959
-
26 423
-
other
23
-
46
-
total
6 466
-
29 317
-
Employer
23 742
-
80 474
-
pensions
5 603
-
10 754
-
other
190
-
365
-
unemployment
1 306
-
2 506
-
accident
470
-
902
-
total
7 569
-
14 527
-
Corporate
63 688
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.

9 553
14 250
-
-
total
9 553
14 250
-
-
Dividends
54 135
80 750
-
-
withholding
11 407
17 527
-
-
total
11 407
17 527
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 995
31 777
43 844
41 781
After tax
60 005
63 223
51 156
53 219
Living cost
17 277
17 277
17 277
17 277
Free-cash
42 728
45 946
33 879
35 942

Estimated living cost  is ₴17277 per week

₴12408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

Source of data for Madrid model

Close
Sofia , Bulgaria
₴69773
₴71525
₴72769
₴67709
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 975
income
-
-
-
14 250
pensions

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

-
-
-
2 541
unemployment
-
-
-
69
total
-
-
-
18 835
Employee
11 198
-
91 631
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

983
-
1 508
-
health
515
-
790
-
income
1 120
-
9 163
-
total
2 741
-
11 650
-
Employer
11 198
-
91 631
-
pensions

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

1 234
-
1 892
-
health
773
-
1 185
-
unemployment
67
-
103
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
total
2 197
-
3 369
-
Corporate
81 606
95 000
-
-
income
8 161
9 500
-
-
total
8 161
9 500
-
-
Dividends
73 445
85 500
-
-
withholding
3 672
4 275
-
-
total
3 672
4 275
-
-
Income
95 000
95 000
95 000
95 000
Total tax
16 771
13 775
15 019
18 835
After tax
78 229
81 225
79 981
76 165
Living cost
8 456
8 456
8 456
8 456
Free-cash
69 773
72 769
71 525
67 709

Estimated living cost  is ₴8456 per week

₴5593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36332
₴40699
₴29897
₴30347
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 358
trade
-
-
-
10 352
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.

-
-
-
30 298
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.

-
-
-
1 666
total
-
-
-
45 674
Employee

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

24 460
-
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.

3 358
-
3 358
-
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.

2 011
-
30 298
-
surtax

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

111
-
1 666
-
total
5 480
-
35 322
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
70 540
95 000
-
-
income
10 581
14 250
-
-
chamber of commerce
178
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.

582
784
-
-
trade
10 122
13 633
-
-
total
21 463
28 881
-
-
Dividends
49 076
66 120
-
-
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.

664
899
-
-
withholding
12 082
16 344
-
-
total
12 746
17 243
-
-
Income
95 000
95 000
95 000
95 000
Total tax
39 689
46 124
35 322
45 674
After tax
55 311
48 876
59 678
49 326
Living cost
18 979
18 979
18 979
18 979
Free-cash
36 332
29 897
40 699
30 347

Estimated living cost  is ₴18979 per week

₴13092
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2042
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3569
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39581
₴21078
₴38496
₴21078
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 044
income
-
-
-
29 874
total
-
-
-
45 918
Employee
38 454
-
95 000
-
social contributions
3 195
-
16 044
-
income
7 256
-
29 874
-
total
10 451
-
45 918
-
Employer
38 454
-
95 000
-
total
-
-
-
-
Corporate
56 546
95 000
-
-
income
7 069
11 875
-
-
total
7 069
11 875
-
-
Dividends
49 477
83 125
-
-
withholding
9 895
16 625
-
-
total
9 895
16 625
-
-
Income
95 000
95 000
95 000
95 000
Total tax
27 415
28 500
45 918
45 918
After tax
67 585
66 500
49 082
49 082
Living cost
28 004
28 004
28 004
28 004
Free-cash
39 581
38 496
21 078
21 078

Estimated living cost  is ₴28004 per week

₴21305
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2282
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.
₴4150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43025
₴49190
₴41308
₴59862
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 250
health

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

-
-
-
3 043
total
-
-
-
17 293
Employee
22 552
-
92 739
-
social contributions
2 260
-
2 261
-
income
2 447
-
23 443
-
total
4 707
-
25 704
-
Employer
22 552
-
92 739
-
social contributions
2 260
-
2 261
-
total
2 260
-
2 261
-
Corporate
70 189
95 000
-
-
income
24 566
33 250
-
-
total
24 566
33 250
-
-
Dividends
45 622
61 750
-
-
social contributions
2 597
2 597
-
-
total
2 597
2 597
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 130
35 847
27 965
17 293
After tax
60 870
59 153
67 035
77 707
Living cost
17 845
17 845
17 845
17 845
Free-cash
43 025
41 308
49 190
59 862

Estimated living cost  is ₴17845 per week

₴11755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1407
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4410
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46059
₴35815
₴43210
₴44358
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 241
pensions
-
-
-
4 533
total
-
-
-
32 774
Employee
24 526
-
82 892
-
pensions
1 872
-
5 501
-
health
320
-
1 162
-
income
4 466
-
22 547
-
total
6 658
-
29 210
-
Employer
24 526
-
82 892
-
pensions
2 478
-
10 532
-
health
466
-
1 575
-
total
2 944
-
12 107
-
Corporate
67 530
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.

12 831
18 050
-
-
total
12 831
18 050
-
-
Dividends
54 699
76 950
-
-
withholding
8 640
15 872
-
-
total
8 640
15 872
-
-
Income
95 000
95 000
95 000
95 000
Total tax
31 073
33 922
41 317
32 774
After tax
63 927
61 078
53 683
62 226
Living cost
17 868
17 868
17 868
17 868
Free-cash
46 059
43 210
35 815
44 358

Estimated living cost  is ₴17868 per week

₴12257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1643
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3743
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴5877
₴40005
-₴4160
₴53061
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
health
-
-
-
1 085
income
-
-
-
26 618
pensions
-
-
-
2 071
other
-
-
-
184
total
-
-
-
30 084
Employee
18 648
-
85 975
-
pensions
2 100
-
3 797
-
health
2 135
-
9 844
-
income
2 558
-
20 474
-
total
6 793
-
34 115
-
Employer
18 648
-
85 975
-
pensions
3 032
-
5 483
-
unemployment
457
-
2 106
-
accident
311
-
1 436
-
total
3 800
-
9 025
-
Corporate
72 552
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.

65 297
85 500
-
-
total
65 297
85 500
-
-
Dividends
7 255
9 500
-
-
withholding
1 378
1 805
-
-
total
1 378
1 805
-
-
Income
95 000
95 000
95 000
95 000
Total tax
77 268
87 305
43 140
30 084
After tax
17 732
7 695
51 860
64 916
Living cost
11 855
11 855
11 855
11 855
Free-cash
5 877
-4 160
40 005
53 061

Estimated living cost  is ₴11855 per week

₴8700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴691
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴71006
₴61769
₴66038
₴50963
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 791
health insurance
-
-
-
5 815
pensions
-
-
-
14 458
unemployment
-
-
-
943
work injury
-
-
-
393
total
-
-
-
37 400
Employee

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

10 619
-
95 000
-
unemployment
127
-
471
-
pensions
1 954
-
7 229
-
work injury
53
-
196
-
income
1 062
-
15 791
-
health insurance
786
-
2 907
-
total
3 982
-
26 594
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
84 381
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%.

844
9 500
-
-
total
844
9 500
-
-
Dividends
83 537
85 500
-
-
withholding
12 531
12 825
-
-
total
12 531
12 825
-
-
Income
95 000
95 000
95 000
95 000
Total tax
17 357
22 325
26 594
37 400
After tax
77 643
72 675
68 406
57 600
Living cost
6 637
6 637
6 637
6 637
Free-cash
71 006
66 038
61 769
50 963

Estimated living cost  is ₴6637 per week

₴4112
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1836
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28220
₴20032
₴30455
₴24190
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
635
regional
-
-
-
2 185
national
-
-
-
23 972
total
-
-
-
51 226
Employee
41 425
-
95 000
-
regional
625
-
1 940
-
municipal
247
-
566
-
national
7 001
-
20 844
-
social contributions
13 968
-
32 034
-
total
21 841
-
55 384
-
Employer
41 425
-
95 000
-
total
-
-
-
-
Corporate
53 575
95 000
-
-
municipal
2 582
4 579
-
-
nationa
12 858
22 800
-
-
total
15 440
27 379
-
-
Dividends
38 134
67 621
-
-
withholding
9 915
17 582
-
-
total
9 915
17 582
-
-
Income
95 000
95 000
95 000
95 000
Total tax
47 196
44 961
55 384
51 226
After tax
47 804
50 039
39 616
43 774
Living cost
19 584
19 584
19 584
19 584
Free-cash
28 220
30 455
20 032
24 190

Estimated living cost  is ₴19584 per week

₴13757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
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.
₴4184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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