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
₴32964
₴44762
₴33410
₴38419
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
30 268
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.

-
-
-
1 665
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.

-
-
-
3 369
trade
-
-
-
11 352
total
-
-
-
46 654
Employee

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

18 860
-
95 000
-
surtax

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

29
-
1 665
-
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.

527
-
30 268
-
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.

3 369
-
3 369
-
total
3 925
-
35 302
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
76 140
95 000
-
-
income
11 421
14 250
-
-
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.

628
784
-
-
chamber of commerce
184
211
-
-
trade
11 992
14 963
-
-
total
24 225
30 208
-
-
Dividends
51 915
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
12 791
16 011
-
-
total
13 495
16 892
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 645
47 100
35 302
46 654
After tax
53 355
47 900
59 698
48 346
Living cost
14 936
14 936
14 936
14 936
Free-cash
38 419
32 964
44 762
33 410

Estimated living cost  is ₴14936 per week

₴9395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33166
₴30028
₴29518
₴32733
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 437
national
-
-
-
16 510
pensions
-
-
-
11 400
total
-
-
-
39 368
Employee
40 482
-
82 127
-
municipal
5 000
-
10 805
-
pensions
1 619
-
3 285
-
national
7 748
-
17 315
-
total
14 367
-
31 405
-
Employer
40 482
-
82 127
-
pensions
3 239
-
6 570
-
social contributions
435
-
883
-
total
3 674
-
7 453
-
Corporate
48 172
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%.

9 634
19 000
-
-
total
9 634
19 000
-
-
Dividends
38 538
76 000
-
-
withholding
8 478
16 720
-
-
total
8 478
16 720
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 153
35 720
38 858
39 368
After tax
58 847
59 280
56 142
55 632
Living cost
26 114
26 114
26 114
26 114
Free-cash
32 733
33 166
30 028
29 518

Estimated living cost  is ₴26114 per week

₴17750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴391
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5546
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65741
₴30206
₴23223
₴61696
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
18 400
surtax
-
-
-
24 225
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.

-
-
-
18 893
microenterprise
-
-
-
-
total
-
-
-
61 518
Employee
14 409
-
72 832
-
surtax
-
-
10 561
-
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.

1 585
-
6 464
-
income
2 565
-
15 342
-
total
4 150
-
32 367
-
Employer
14 409
-
72 832
-
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.

3 471
-
14 157
-
surtax
-
-
8 011
-
total
3 471
-
22 168
-
Corporate
77 121
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%.

15 424
19 000
-
-
total
15 424
19 000
-
-
Dividends

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

61 696
76 000
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
23 045
19 000
54 535
61 518
After tax
71 955
76 000
40 465
33 482
Living cost
10 259
10 259
10 259
10 259
Free-cash
61 696
65 741
30 206
23 223

Estimated living cost  is ₴10259 per week

₴6545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2504
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26498
₴39580
₴31224
₴23476
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
31 261
health
-
-
-
6 081
pensions
-
-
-
5 777
total
-
-
-
43 119
Employee
42 109
42 109
85 836
-
pensions
7 580
5 777
5 777
-
income

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

6 893
6 893
13 741
-
health
6 463
5 498
6 081
-
total
20 936
18 168
25 599
-
Employer
42 109
42 109
85 836
-
health
2 927
2 927
3 637
-
pensions
2 931
2 931
3 643
-
unemployment
1 516
1 516
1 884
-
total
7 374
7 374
9 164
-
Corporate
46 034
45 517
-
-
income
9 207
9 103
-
-
total
9 207
9 103
-
-
Dividends
36 827
36 414
-
-
income
7 826
7 738
-
-
withholding
5 524
5 462
-
-
total
13 350
13 200
-
-
Income
95 000
95 000
95 000
95 000
Total tax
50 867
47 845
34 763
43 119
After tax
44 133
47 155
60 237
51 881
Living cost
20 657
20 657
20 657
20 657
Free-cash
23 476
26 498
39 580
31 224

Estimated living cost  is ₴20657 per week

₴14639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1862
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3827
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31725
₴27774
₴28263
₴31273
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
5 130
unemployment
-
-
-
44
health
-
-
-
2 755
municipal
-
-
-
24 515
national
-
-
-
9 287
pensions
-
-
-
4 773
total
-
-
-
46 592
Employee
28 705
-
81 128
-
municipal
8 560
-
24 192
-
national
-
-
9 017
-
total
8 560
-
33 209
-
Employer
28 705
-
81 128
-
health
1 765
-
2 715
-
pensions
3 103
-
4 773
-
accident
57
-
88
-
unemployment
758
-
1 166
-
other
3 336
-
5 130
-
total
9 019
-
13 872
-
Corporate
57 276
95 000
-
-
income
12 601
20 900
-
-
total
12 601
20 900
-
-
Dividends
44 675
74 100
-
-
withholding
13 402
22 230
-
-
total
13 402
22 230
-
-
Income
95 000
95 000
95 000
95 000
Total tax
43 582
43 130
47 081
46 592
After tax
51 418
51 870
47 919
48 408
Living cost
20 145
20 145
20 145
20 145
Free-cash
31 273
31 725
27 774
28 263

Estimated living cost  is ₴20145 per week

₴13351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1977
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.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28042
₴40327
₴28471
₴34970
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
30 268
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.

-
-
-
1 665
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.

-
-
-
3 369
trade
-
-
-
11 856
total
-
-
-
47 158
Employee

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

25 006
-
95 000
-
surtax

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

118
-
1 665
-
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.

2 149
-
30 268
-
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.

3 369
-
3 369
-
total
5 636
-
35 302
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 994
95 000
-
-
income
10 499
14 250
-
-
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.

577
784
-
-
chamber of commerce
174
210
-
-
trade
11 514
15 627
-
-
total
22 764
30 871
-
-
Dividends
47 229
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.

639
871
-
-
withholding
11 620
15 845
-
-
total
12 259
16 716
-
-
Income
95 000
95 000
95 000
95 000
Total tax
40 659
47 587
35 302
47 158
After tax
54 341
47 413
59 698
47 842
Living cost
19 371
19 371
19 371
19 371
Free-cash
34 970
28 042
40 327
28 471

Estimated living cost  is ₴19371 per week

₴12956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2043
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53283
₴47716
₴48531
₴51236
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 074
social contributions
-
-
-
7 978
health
-
-
-
2 423
total
-
-
-
30 475
Employee
37 917
37 917
89 107
-
social contributions
1 843
3 147
4 245
-
income
3 982
3 510
19 636
-
health
377
645
1 515
-
total
6 202
7 302
25 396
-
Employer
37 917
37 917
89 107
-
health
411
702
1 649
-
social contributions
1 843
3 147
4 245
-
total
2 254
3 849
5 894
-
Corporate
70 552
53 234
-
-
income
8 819
6 654
-
-
total
8 819
6 654
-
-
Dividends
61 733
46 580
-
-
withholding
10 495
7 918
-
-
total
10 495
7 918
-
-
Income
95 000
95 000
95 000
95 000
Total tax
27 770
25 723
31 290
30 475
After tax
67 230
69 277
63 710
64 525
Living cost
15 994
15 994
15 994
15 994
Free-cash
51 236
53 283
47 716
48 531

Estimated living cost  is ₴15994 per week

₴10933
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1249
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3543
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44286
₴46008
₴56747
₴44476
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 614
unemployment
-
-
-
1 425
health
-
-
-
6 650
pensions
-
-
-
9 500
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.

13 084
5 207
79 498
-
unemployment
196
78
1 192
-
pensions
1 308
521
7 950
-
income
1 600
637
9 719
-
health
916
365
5 565
-
total
4 020
1 601
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.

13 084
5 207
79 498
-
pensions
2 551
1 015
15 502
-
total
2 551
1 015
15 502
-
Corporate
79 365
88 777
-
-
income
7 143
7 990
-
-
total
7 143
7 990
-
-
Dividends
72 222
80 787
-
-
social contributions
14 024
15 694
-
-
withholding
13 722
15 350
-
-
total
27 746
31 044
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 460
41 650
39 928
29 189
After tax
53 540
53 350
55 072
65 811
Living cost
9 064
9 064
9 064
9 064
Free-cash
44 476
44 286
46 008
56 747

Estimated living cost  is ₴9064 per week

₴6185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴742
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1956
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64090
₴42847
₴39010
₴61026
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 730
health
-
-
-
12 350
pensions
-
-
-
19 000
total
-
-
-
44 080
Employee
13 989
-
71 002
-
unemployment
224
-
1 136
-
pensions
280
-
1 420
-
income
1 575
-
13 689
-
total
2 079
-
16 245
-
Employer
13 989
-
71 002
-
health
1 818
-
9 230
-
pensions
2 798
-
14 200
-
unemployment
112
-
568
-
total
4 728
-
23 998
-
Corporate
76 283
95 000
-
-
income
15 257
19 000
-
-
total
15 257
19 000
-
-
Dividends
61 026
76 000
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
22 064
19 000
40 243
44 080
After tax
72 936
76 000
54 757
50 920
Living cost
11 910
11 910
11 910
11 910
Free-cash
61 026
64 090
42 847
39 010

Estimated living cost  is ₴11910 per week

₴8169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴709
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.
₴2792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3272
₴40888
₴53949
₴6012
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
26 612
other
-
-
-
185
health
-
-
-
1 087
pensions
-
-
-
2 074
total
-
-
-
30 084
Employee
17 251
-
85 966
-
pensions
1 943
-
3 803
-
income
2 367
-
20 465
-
health
1 975
-
9 843
-
total
6 285
-
34 111
-
Employer
17 251
-
85 966
-
pensions
2 805
-
5 492
-
accident
288
-
1 436
-
unemployment
423
-
2 106
-
total
3 516
-
9 034
-
Corporate
74 233
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.

66 810
85 500
-
-
total
66 810
85 500
-
-
Dividends
7 423
9 500
-
-
withholding
1 410
1 805
-
-
total
1 410
1 805
-
-
Income
95 000
95 000
95 000
95 000
Total tax
78 021
87 305
43 145
30 084
After tax
16 979
7 695
51 855
64 916
Living cost
10 967
10 967
10 967
10 967
Free-cash
6 012
-3 272
40 888
53 949

Estimated living cost  is ₴10967 per week

₴8038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴608
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.
₴2093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴86249
₴71999
₴90049
₴85499
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 001
-
95 000
-
income
1 000
-
19 000
-
total
1 000
-
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%.

89 999
95 000
-
-
total
-
-
-
-
Dividends
89 999
95 000
-
-
withholding
4 500
4 750
-
-
total
4 500
4 750
-
-
Income
95 000
95 000
95 000
95 000
Total tax
5 500
4 750
19 000
950
After tax
89 500
90 250
76 000
94 050
Living cost
4 001
4 001
4 001
4 001
Free-cash
85 499
86 249
71 999
90 049

Estimated living cost  is ₴4001 per week

₴2479
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1079
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56658
₴40731
₴41554
₴53327
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 449
other
-
-
-
3 562
health
-
-
-
3 299
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.

-
-
-
17 997
total
-
-
-
40 307
Employee
17 904
-
76 095
-
unemployment
179
-
750
-
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.

1 253
-
5 249
-
income
3 082
-
15 175
-
health
251
-
1 050
-
total
4 765
-
22 224
-
Employer
17 904
-
76 095
-
health
251
-
1 050
-
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.

3 044
-
12 748
-
accident
143
-
609
-
unemployment
179
-
750
-
other
896
-
3 749
-
total
4 513
-
18 906
-
Corporate
72 584
95 000
-
-
income
15 243
19 950
-
-
total
15 243
19 950
-
-
Dividends
57 341
75 050
-
-
withholding
4 013
5 253
-
-
total
4 013
5 253
-
-
Income
95 000
95 000
95 000
95 000
Total tax
28 534
25 203
41 130
40 307
After tax
66 466
69 797
53 870
54 693
Living cost
13 139
13 139
13 139
13 139
Free-cash
53 327
56 658
40 731
41 554

Estimated living cost  is ₴13139 per week

₴9284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴887
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.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴28544
₴21098
₴29647
₴31791
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 100
pensions
-
-
-
4 575
total
-
-
-
32 675
Employee
46 235
-
82 905
-
pensions
4 460
-
5 561
-
income
8 334
-
22 400
-
health
762
-
1 168
-
total
13 556
-
29 129
-
Employer
46 235
-
82 905
-
health
878
-
1 575
-
pensions
5 459
-
10 520
-
total
6 337
-
12 095
-
Corporate
42 428
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.

8 061
18 050
-
-
total
8 061
18 050
-
-
Dividends
34 367
76 950
-
-
withholding
2 577
15 728
-
-
total
2 577
15 728
-
-
Income
95 000
95 000
95 000
95 000
Total tax
30 531
33 778
41 224
32 675
After tax
64 469
61 222
53 776
62 325
Living cost
32 678
32 678
32 678
32 678
Free-cash
31 791
28 544
21 098
29 647

Estimated living cost  is ₴32678 per week

₴24486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴74760
₴73502
₴69686
₴72470
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 250
unemployment
-
-
-
69
health
-
-
-
1 981
pensions

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

-
-
-
2 549
total
-
-
-
18 849
Employee
8 561
-
91 621
-
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.

752
-
1 512
-
income
856
-
9 162
-
health
394
-
792
-
total
2 096
-
11 655
-
Employer
8 561
-
91 621
-
health
591
-
1 188
-
pensions

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

943
-
1 898
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
unemployment
51
-
103
-
total
1 679
-
3 378
-
Corporate
84 760
95 000
-
-
income
8 476
9 500
-
-
total
8 476
9 500
-
-
Dividends
76 283
85 500
-
-
withholding
3 814
4 275
-
-
total
3 814
4 275
-
-
Income
95 000
95 000
95 000
95 000
Total tax
16 065
13 775
15 033
18 849
After tax
78 935
81 225
79 967
76 151
Living cost
6 465
6 465
6 465
6 465
Free-cash
72 470
74 760
73 502
69 686

Estimated living cost  is ₴6465 per week

₴3774
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴462
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.
₴2058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19812
₴32894
₴24538
₴21053
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
31 261
health
-
-
-
6 081
pensions
-
-
-
5 777
total
-
-
-
43 119
Employee
45 717
42 109
85 836
-
pensions
5 777
5 777
5 777
-
income

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

6 893
6 893
13 741
-
health
5 703
5 498
6 081
-
total
18 373
18 168
25 599
-
Employer
45 717
42 109
85 836
-
health
3 177
2 927
3 637
-
pensions
3 182
2 931
3 643
-
unemployment
1 646
1 516
1 884
-
total
8 005
7 374
9 164
-
Corporate
41 278
45 517
-
-
income
8 255
9 103
-
-
total
8 255
9 103
-
-
Dividends
33 023
36 414
-
-
income
7 017
7 738
-
-
withholding
4 954
5 462
-
-
total
11 971
13 200
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 604
47 845
34 763
43 119
After tax
48 396
47 155
60 237
51 881
Living cost
27 343
27 343
27 343
27 343
Free-cash
21 053
19 812
32 894
24 538

Estimated living cost  is ₴27343 per week

₴20170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2442
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.
₴4418
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53150
₴38299
₴42309
₴48776
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 680
social contributions
-
-
-
17 639
solidarity contribution
-
-
-
289
health
-
-
-
12 825
total
-
-
-
40 433
Employee
18 027
-
73 301
-
solidarity contribution
-
-
-
-
social contributions
1 172
-
3 926
-
income
2 163
-
8 922
-
health
2 434
-
9 896
-
total
5 769
-
22 744
-
Employer
18 027
-
73 301
-
health
1 622
-
6 597
-
social contributions
4 507
-
15 102
-
total
6 129
-
21 699
-
Corporate
70 844
95 000
-
-
income
13 460
18 050
-
-
total
13 460
18 050
-
-
Dividends
57 384
76 950
-
-
withholding
8 608
11 542
-
-
total
8 608
11 542
-
-
Income
95 000
95 000
95 000
95 000
Total tax
33 966
29 592
44 443
40 433
After tax
61 034
65 408
50 557
54 567
Living cost
12 258
12 258
12 258
12 258
Free-cash
48 776
53 150
38 299
42 309

Estimated living cost  is ₴12258 per week

₴8515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29880
₴19829
₴24112
₴27304
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 130
municipal
-
-
-
564
national
-
-
-
23 953
total
-
-
-
50 081
Employee
43 824
-
95 000
-
municipal
232
-
503
-
national
7 594
-
20 828
-
regional
414
-
999
-
social contributions
14 778
-
32 034
-
total
23 018
-
54 364
-
Employer
43 824
-
95 000
-
total
-
-
-
-
Corporate
51 176
95 000
-
-
municipal
1 996
3 705
-
-
nationa
12 282
22 800
-
-
total
14 278
26 505
-
-
Dividends
36 898
68 496
-
-
withholding
9 593
17 808
-
-
total
9 593
17 808
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 889
44 313
54 364
50 081
After tax
48 111
50 687
40 636
44 919
Living cost
20 807
20 807
20 807
20 807
Free-cash
27 304
29 880
19 829
24 112

Estimated living cost  is ₴20807 per week

₴14504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48874
₴30951
₴33968
₴47340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
27 749
other
-
-
-
-
surtax
-
-
-
4 456
unemployment
-
-
-
112
health
-
-
-
4 672
pensions
-
-
-
13 162
total
-
-
-
50 151
Employee
16 307
-
81 147
-
other
-
-
-
-
unemployment
1 135
-
4 581
-
pensions
1 087
-
4 390
-
surtax
53
-
3 866
-
income
2 733
-
24 800
-
health
416
-
1 678
-
total
5 424
-
39 315
-
Employer
16 307
-
81 147
-
health
742
-
2 994
-
pensions
2 174
-
8 773
-
unemployment
517
-
2 086
-
other
-
-
-
-
total
3 433
-
13 853
-
Corporate
75 261
95 000
-
-
income
19 568
24 700
-
-
total
19 568
24 700
-
-
Dividends
55 693
70 300
-
-
withholding
8 354
10 545
-
-
total
8 354
10 545
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 779
35 245
53 168
50 151
After tax
58 221
59 755
41 832
44 849
Living cost
10 881
10 881
10 881
10 881
Free-cash
47 340
48 874
30 951
33 968

Estimated living cost  is ₴10881 per week

₴6653
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1004
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2973
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38897
₴31451
₴40000
₴42125
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 100
pensions
-
-
-
4 575
total
-
-
-
32 675
Employee
30 985
-
82 905
-
pensions
2 630
-
5 561
-
income
5 581
-
22 400
-
health
450
-
1 168
-
total
8 661
-
29 129
-
Employer
30 985
-
82 905
-
health
589
-
1 575
-
pensions
3 354
-
10 520
-
total
3 943
-
12 095
-
Corporate
60 072
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.

11 414
18 050
-
-
total
11 414
18 050
-
-
Dividends
48 658
76 950
-
-
withholding
6 532
15 728
-
-
total
6 532
15 728
-
-
Income
95 000
95 000
95 000
95 000
Total tax
30 550
33 778
41 224
32 675
After tax
64 450
61 222
53 776
62 325
Living cost
22 325
22 325
22 325
22 325
Free-cash
42 125
38 897
31 451
40 000

Estimated living cost  is ₴22325 per week

₴16726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1673
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4449
₴33203
₴37467
₴21132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
other

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

-
-
-
1 900
regional
-
-
-
4 865
health
-
-
-
213
city
-
-
-
1 001
national
-
-
-
1 822
pensions
-
-
-
8 740
total
-
-
-
18 541
Employee
45 631
-
85 041
-
unemployment
-
-
-
-
pensions
3 834
-
7 131
-
national
216
-
1 346
-
regional
1 494
-
4 202
-
city
490
-
913
-
health
103
-
191
-
total
6 137
-
13 783
-
Employer
45 631
-
85 041
-
health
103
-
191
-
pensions
3 834
-
7 131
-
unemployment
-
-
-
-
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
-
1 700
-
total
4 849
-
9 022
-
Corporate
44 018
95 000
-
-
regional
9 310
20 093
-
-
national
3 742
8 075
-
-
total
13 052
28 168
-
-
Dividends
30 967
66 833
-
-
withholding
10 838
23 391
-
-
total
10 838
23 391
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 876
51 559
22 805
18 541
After tax
60 124
43 441
72 195
76 459
Living cost
38 992
38 992
38 992
38 992
Free-cash
21 132
4 449
33 203
37 467

Estimated living cost  is ₴38992 per week

₴25356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3499
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.
₴9658
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴24333
₴37109
₴24749
₴32330
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
30 268
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.

-
-
-
1 665
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.

-
-
-
3 369
trade
-
-
-
12 360
total
-
-
-
47 662
Employee

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

29 635
-
95 000
-
surtax

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

192
-
1 665
-
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.

3 485
-
30 268
-
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.

3 369
-
3 369
-
total
7 046
-
35 302
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 365
95 000
-
-
income
9 805
14 250
-
-
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.

539
784
-
-
chamber of commerce
167
209
-
-
trade
11 210
16 293
-
-
total
21 721
31 536
-
-
Dividends
43 644
63 465
-
-
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.

590
863
-
-
withholding
10 724
15 679
-
-
total
11 314
16 542
-
-
Income
95 000
95 000
95 000
95 000
Total tax
40 081
48 078
35 302
47 662
After tax
54 919
46 922
59 698
47 338
Living cost
22 589
22 589
22 589
22 589
Free-cash
32 330
24 333
37 109
24 749

Estimated living cost  is ₴22589 per week

₴16498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1807
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3991
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31010
₴34408
₴36495
₴33922
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 547
other
-
-
-
2 945
surtax
-
-
-
-
social contributions
-
-
-
2 707
health
-
-
-
4 271
pensions
-
-
-
16 164
total
-
-
-
41 634
Employee
21 104
-
73 159
-
pensions
2 386
-
5 239
-
surtax
-
-
-
-
social contributions
602
-
2 085
-
income
1 245
-
14 555
-
total
4 233
-
21 879
-
Employer
21 104
-
73 159
-
health
1 478
-
6 949
-
pensions
3 467
-
8 792
-
unemployment
854
-
2 963
-
social contributions
64
-
220
-
other
728
-
2 918
-
total
6 591
-
21 842
-
Corporate
67 305
95 000
-
-
income
18 845
26 600
-
-
surtax
-
-
-
-
total
18 845
26 600
-
-
Dividends
48 460
68 400
-
-
surtax
-
-
-
-
social contributions
8 335
11 764
-
-
withholding
6 203
8 755
-
-
total
14 538
20 519
-
-
Income
95 000
95 000
95 000
95 000
Total tax
44 207
47 119
43 721
41 634
After tax
50 793
47 881
51 279
53 366
Living cost
16 871
16 871
16 871
16 871
Free-cash
33 922
31 010
34 408
36 495

Estimated living cost  is ₴16871 per week

₴10638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
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.
₴4575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32682
₴36080
₴38167
₴35422
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 547
other
-
-
-
2 945
surtax
-
-
-
-
social contributions
-
-
-
2 707
health
-
-
-
4 271
pensions
-
-
-
16 164
total
-
-
-
41 634
Employee
18 838
-
73 159
-
pensions
2 131
-
5 239
-
surtax
-
-
-
-
social contributions
537
-
2 085
-
income
971
-
14 555
-
total
3 639
-
21 879
-
Employer
18 838
-
73 159
-
health
1 318
-
6 949
-
pensions
3 095
-
8 792
-
unemployment
763
-
2 963
-
social contributions
56
-
220
-
other
650
-
2 918
-
total
5 882
-
21 842
-
Corporate
70 278
95 000
-
-
income
19 678
26 600
-
-
surtax
-
-
-
-
total
19 678
26 600
-
-
Dividends
50 600
68 400
-
-
surtax
-
-
-
-
social contributions
8 704
11 764
-
-
withholding
6 476
8 755
-
-
total
15 180
20 519
-
-
Income
95 000
95 000
95 000
95 000
Total tax
44 379
47 119
43 721
41 634
After tax
50 621
47 881
51 279
53 366
Living cost
15 199
15 199
15 199
15 199
Free-cash
35 422
32 682
36 080
38 167

Estimated living cost  is ₴15199 per week

₴8815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1544
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.
₴4552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47501
₴48355
₴50553
₴47758
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 250
social contributions
-
-
-
13 110
health
-
-
-
6 631
total
-
-
-
33 991
Employee
16 719
-
95 000
-
social contributions
2 308
-
13 110
-
income
2 789
-
16 448
-
health
1 167
-
6 631
-
total
6 264
-
36 189
-
Employer
16 719
-
95 000
-
total
-
-
-
-
Corporate
78 281
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%.

3 914
4 750
-
-
total
3 914
4 750
-
-
Dividends
74 367
90 250
-
-
social contributions
10 262
12 455
-
-
withholding
11 155
13 538
-
-
health
5 191
6 300
-
-
total
26 608
32 293
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 786
37 043
36 189
33 991
After tax
58 214
57 957
58 811
61 009
Living cost
10 456
10 456
10 456
10 456
Free-cash
47 758
47 501
48 355
50 553

Estimated living cost  is ₴10456 per week

₴6998
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
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.
₴2572
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35108
₴7699
₴31407
₴34348
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
27 654
surtax
-
-
-
97
unemployment
-
-
-
3 024
chamber of commerce
-
-
-
380
health
-
-
-
4 406
pensions
-
-
-
10 657
total
-
-
-
46 218
Employee
24 643
19 651
76 914
-
other
246
197
576
-
unemployment
739
590
1 728
-
pensions
2 524
2 012
5 899
-
income
2 805
1 449
22 647
-
health
954
761
2 229
-
total
7 268
5 009
33 079
-
Employer
24 643
19 651
76 914
-
chamber of commerce
98
79
308
-
health
931
743
2 178
-
pensions
3 093
2 467
7 230
-
accident
320
255
749
-
unemployment
739
590
1 728
-
surtax
97
97
97
-
payroll
739
590
2 308
-
other
1 171
933
3 489
-
total
7 188
5 754
18 087
-
Corporate
63 168
69 596
75 042
-
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.

15 792
17 399
18 760
-
total
15 792
17 399
18 760
-
Dividends
47 376
52 197
-
-
withholding
13 029
14 355
-
-
total
13 029
14 355
-
-
Income
95 000
95 000
95 000
95 000
Total tax
43 277
42 517
69 926
46 218
After tax
51 723
52 483
25 074
48 782
Living cost
17 375
17 375
17 375
17 375
Free-cash
34 348
35 108
7 699
31 407

Estimated living cost  is ₴17375 per week

₴11588
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1482
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.
₴4019
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35042
₴15016
₴23260
₴27741
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
4 962
social contributions
-
-
-
12 294
national
-
-
-
36 505
total
-
-
-
53 761
Employee

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

35 272
-
73 581
-
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.

307
-
640
-
communal

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

1 840
-
3 838
-
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.

2 645
-
5 518
-
national
10 844
-
27 134
-
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.

1 657
-
3 458
-
total
17 293
-
40 588
-
Employer

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

35 272
-
73 581
-
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.

2 169
-
4 525
-
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.

3 125
-
6 519
-
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.

459
-
956
-
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.

515
-
1 074
-
surtax
3 999
-
8 343
-
total
10 267
-
21 417
-
Corporate
49 461
95 000
-
-
income
9 892
19 128
-
-
surtax
197
383
-
-
total
10 089
19 511
-
-
Dividends
39 371
75 489
-
-
withholding

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

11 631
22 468
-
-
total
11 631
22 468
-
-
Income
95 000
95 000
95 000
95 000
Total tax
49 280
41 979
62 005
53 761
After tax
45 720
53 021
32 995
41 239
Living cost
17 979
17 979
17 979
17 979
Free-cash
27 741
35 042
15 016
23 260

Estimated living cost  is ₴17979 per week

₴11581
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4545
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45417
₴33345
₴35414
₴42039
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
412
income
-
-
-
28 066
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 934
total
-
-
-
41 778
Employee
24 546
-
80 429
-
other
24
-
46
-
unemployment
381
-
708
-
pensions
1 154
-
2 149
-
income
5 179
-
26 373
-
total
6 738
-
29 276
-
Employer
24 546
-
80 429
-
pensions
5 792
-
10 787
-
accident
486
-
905
-
unemployment
1 350
-
2 513
-
other
196
-
366
-
total
7 824
-
14 571
-
Corporate
62 631
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.

9 395
14 250
-
-
total
9 395
14 250
-
-
Dividends
53 236
80 750
-
-
withholding
11 196
17 525
-
-
total
11 196
17 525
-
-
Income
95 000
95 000
95 000
95 000
Total tax
35 153
31 775
43 847
41 778
After tax
59 847
63 225
51 153
53 222
Living cost
17 808
17 808
17 808
17 808
Free-cash
42 039
45 417
33 345
35 414

Estimated living cost  is ₴17808 per week

₴13114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1263
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.
₴3174
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28177
₴23046
₴19260
₴21617
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
6 004
accident
-
-
-
801
income
-
-
-
16 514
surtax
-
-
-
4 710
health
-
-
-
6 675
pensions
-
-
-
14 239
total
-
-
-
48 943
Employee
37 342
-
84 859
-
pensions
2 987
-
6 789
-
surtax
2 289
-
5 201
-
income
3 607
-
19 249
-
health
1 662
-
3 777
-
total
10 545
-
35 016
-
Employer
37 342
-
84 859
-
health
1 139
-
2 588
-
pensions
2 987
-
6 789
-
accident
336
-
764
-
total
4 462
-
10 141
-
Corporate
53 196
95 000
-
-
communal
3 591
6 413
-
-
income
7 979
14 250
-
-
surtax
559
998
-
-
total
12 129
21 661
-
-
Dividends
41 067
73 340
-
-
income
13 290
7 364
-
-
withholding
6 160
11 001
-
-
total
19 450
18 365
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 586
40 026
45 157
48 943
After tax
48 414
54 974
49 843
46 057
Living cost
26 797
26 797
26 797
26 797
Free-cash
21 617
28 177
23 046
19 260

Estimated living cost  is ₴26797 per week

₴20102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48679
₴30756
₴33773
₴47111
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
27 749
other
-
-
-
-
surtax
-
-
-
4 456
unemployment
-
-
-
112
health
-
-
-
4 672
pensions
-
-
-
13 162
total
-
-
-
50 151
Employee
16 606
-
81 147
-
other
-
-
-
-
unemployment
1 156
-
4 581
-
pensions
1 108
-
4 390
-
surtax
59
-
3 866
-
income
2 784
-
24 800
-
health
424
-
1 678
-
total
5 531
-
39 315
-
Employer
16 606
-
81 147
-
health
755
-
2 994
-
pensions
2 214
-
8 773
-
unemployment
527
-
2 086
-
other
-
-
-
-
total
3 496
-
13 853
-
Corporate
74 898
95 000
-
-
income
19 473
24 700
-
-
total
19 473
24 700
-
-
Dividends
55 425
70 300
-
-
withholding
8 313
10 545
-
-
total
8 313
10 545
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 813
35 245
53 168
50 151
After tax
58 187
59 755
41 832
44 849
Living cost
11 076
11 076
11 076
11 076
Free-cash
47 111
48 679
30 756
33 773

Estimated living cost  is ₴11076 per week

₴6687
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴963
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.
₴3169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36650
₴27074
₴31334
₴35557
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 432
municipal
-
-
-
564
national
-
-
-
23 953
total
-
-
-
50 383
Employee
27 353
-
95 000
-
municipal
145
-
503
-
national
4 334
-
20 828
-
regional
368
-
1 278
-
social contributions
9 224
-
32 034
-
total
14 071
-
54 643
-
Employer
27 353
-
95 000
-
total
-
-
-
-
Corporate
67 647
95 000
-
-
municipal
3 362
4 722
-
-
nationa
16 235
22 800
-
-
total
19 597
27 522
-
-
Dividends
48 049
67 478
-
-
withholding
12 492
17 545
-
-
total
12 492
17 545
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 160
45 067
54 643
50 383
After tax
48 840
49 933
40 357
44 617
Living cost
13 283
13 283
13 283
13 283
Free-cash
35 557
36 650
27 074
31 334

Estimated living cost  is ₴13283 per week

₴8261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1346
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.
₴3449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50303
₴35452
₴39462
₴44914
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 680
social contributions
-
-
-
17 639
solidarity contribution
-
-
-
289
health
-
-
-
12 825
total
-
-
-
40 433
Employee
22 214
-
73 301
-
solidarity contribution
-
-
-
-
social contributions
1 444
-
3 926
-
income
2 666
-
8 922
-
health
2 999
-
9 896
-
total
7 109
-
22 744
-
Employer
22 214
-
73 301
-
health
1 999
-
6 597
-
social contributions
5 553
-
15 102
-
total
7 552
-
21 699
-
Corporate
65 234
95 000
-
-
income
12 394
18 050
-
-
total
12 394
18 050
-
-
Dividends
52 839
76 950
-
-
withholding
7 926
11 542
-
-
total
7 926
11 542
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 981
29 592
44 443
40 433
After tax
60 019
65 408
50 557
54 567
Living cost
15 105
15 105
15 105
15 105
Free-cash
44 914
50 303
35 452
39 462

Estimated living cost  is ₴15105 per week

₴11233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36805
₴9366
₴33147
₴36562
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
27 654
surtax
-
-
-
-
unemployment
-
-
-
3 024
chamber of commerce
-
-
-
380
health
-
-
-
4 406
pensions
-
-
-
10 657
total
-
-
-
46 121
Employee
21 555
19 651
77 005
-
other
215
197
576
-
unemployment
647
590
1 728
-
pensions
2 207
2 012
5 899
-
income
1 920
1 449
22 691
-
health
834
761
2 229
-
total
5 823
5 009
33 123
-
Employer
21 555
19 651
77 005
-
chamber of commerce
86
79
308
-
health
815
743
2 178
-
pensions
2 705
2 467
7 230
-
accident
280
255
749
-
unemployment
647
590
1 728
-
surtax
-
-
-
-
payroll
647
590
2 310
-
other
1 024
933
3 492
-
total
6 204
5 657
17 995
-
Corporate
67 242
69 693
75 134
-
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.

16 810
17 423
18 784
-
total
16 810
17 423
18 784
-
Dividends
50 432
52 270
-
-
withholding
13 869
14 374
-
-
total
13 869
14 374
-
-
Income
95 000
95 000
95 000
95 000
Total tax
42 706
42 463
69 902
46 121
After tax
52 294
52 537
25 098
48 879
Living cost
15 732
15 732
15 732
15 732
Free-cash
36 562
36 805
9 366
33 147

Estimated living cost  is ₴15732 per week

₴9437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1607
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.
₴4407
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴84015
₴69765
₴87815
₴82846
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 794
-
95 000
-
income
1 559
-
19 000
-
total
1 559
-
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%.

87 206
95 000
-
-
total
-
-
-
-
Dividends
87 206
95 000
-
-
withholding
4 360
4 750
-
-
total
4 360
4 750
-
-
Income
95 000
95 000
95 000
95 000
Total tax
5 919
4 750
19 000
950
After tax
89 081
90 250
76 000
94 050
Living cost
6 235
6 235
6 235
6 235
Free-cash
82 846
84 015
69 765
87 815

Estimated living cost  is ₴6235 per week

₴4219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1545
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52181
₴30242
₴32562
₴48057
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
22 374
unemployment
-
-
-
142
health
-
-
-
9 347
pensions
-
-
-
17 349
total
-
-
-
49 212
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.

21 805
-
82 201
-
unemployment
31
-
115
-
pensions
3 380
-
12 741
-
income
3 760
-
20 566
-
health
1 408
-
5 310
-
total
8 579
-
38 732
-
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.

21 805
-
82 201
-
health
1 452
-
5 475
-
pensions
1 930
-
7 275
-
unemployment
13
-
50
-
total
3 395
-
12 800
-
Corporate
69 800
95 000
-
-
income
13 262
18 050
-
-
total
13 262
18 050
-
-
Dividends
56 538
76 950
-
-
withholding
8 481
11 543
-
-
total
8 481
11 543
-
-
Income
95 000
95 000
95 000
95 000
Total tax
33 717
29 593
51 532
49 212
After tax
61 283
65 407
43 468
45 788
Living cost
13 226
13 226
13 226
13 226
Free-cash
48 057
52 181
30 242
32 562

Estimated living cost  is ₴13226 per week

₴9077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴848
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.
₴3046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36324
₴66979
₴44179
₴12651
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 517
social contributions
-
-
-
10 830
total
-
-
-
29 347
Employee
30 791
-
-
-
social contributions
2 525
-
360
-
income
6 792
-
-
-
total
9 317
-
360
-
Employer
30 791
-
-
-
social contributions
43 416
-
6 187
-
total
43 416
-
6 187
-
Corporate
20 793
95 000
-
-
income
4 574
20 900
-
-
total
4 574
20 900
-
-
Dividends
16 219
74 100
-
-
income
3 568
16 302
-
-
total
3 568
16 302
-
-
Income
95 000
95 000
95 000
95 000
Total tax
60 875
37 202
6 547
29 347
After tax
34 125
57 798
88 453
65 653
Living cost
21 474
21 474
21 474
21 474
Free-cash
12 651
36 324
66 979
44 179

Estimated living cost  is ₴21474 per week

₴13933
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2020
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38569
₴27686
₴34887
₴38073
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
11 633
surtax
-
-
-
-
social contributions

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

-
-
-
33 013
total
-
-
-
44 646
Employee
22 679
-
76 768
-
surtax
-
-
-
-
social contributions
2 495
-
8 444
-
income
4 717
-
25 171
-
total
7 212
-
33 615
-
Employer
22 679
-
76 768
-
social contributions
5 386
-
18 232
-
total
5 386
-
18 232
-
Corporate
66 935
95 000
-
-
income
14 056
19 950
-
-
surtax
-
-
-
-
total
14 056
19 950
-
-
Dividends
52 879
75 050
-
-
withholding
14 806
21 014
-
-
total
14 806
21 014
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 460
40 964
51 847
44 646
After tax
53 540
54 036
43 153
50 354
Living cost
15 467
15 467
15 467
15 467
Free-cash
38 073
38 569
27 686
34 887

Estimated living cost  is ₴15467 per week

₴11573
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2724
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24065
₴27463
₴29550
₴27451
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 547
other
-
-
-
2 945
surtax
-
-
-
-
social contributions
-
-
-
2 707
health
-
-
-
4 271
pensions
-
-
-
16 164
total
-
-
-
41 634
Employee
30 884
-
73 159
-
pensions
3 493
-
5 239
-
surtax
-
-
-
-
social contributions
880
-
2 085
-
income
2 695
-
14 555
-
total
7 068
-
21 879
-
Employer
30 884
-
73 159
-
health
2 162
-
6 949
-
pensions
5 075
-
8 792
-
unemployment
1 251
-
2 963
-
social contributions
93
-
220
-
other
1 066
-
2 918
-
total
9 647
-
21 842
-
Corporate
54 470
95 000
-
-
income
15 252
26 600
-
-
surtax
-
-
-
-
total
15 252
26 600
-
-
Dividends
39 218
68 400
-
-
surtax
-
-
-
-
social contributions
6 746
11 764
-
-
withholding
5 020
8 755
-
-
total
11 766
20 519
-
-
Income
95 000
95 000
95 000
95 000
Total tax
43 733
47 119
43 721
41 634
After tax
51 267
47 881
51 279
53 366
Living cost
23 816
23 816
23 816
23 816
Free-cash
27 451
24 065
27 463
29 550

Estimated living cost  is ₴23816 per week

₴16118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1948
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.
₴5423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴70677
₴57386
₴54861
₴69021
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
4 416
social contributions
-
-
-
20 900
total
-
-
-
25 316
Employee
15 853
-
82 251
-
income
-
-
4 696
-
social contributions
1 030
-
5 346
-
total
1 030
-
10 042
-
Employer
15 853
-
82 251
-
social contributions
2 457
-
12 749
-
total
2 457
-
12 749
-
Corporate
76 690
95 000
-
-
income
7 669
9 500
-
-
total
7 669
9 500
-
-
Dividends
69 021
85 500
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
11 156
9 500
22 791
25 316
After tax
83 844
85 500
72 209
69 684
Living cost
14 823
14 823
14 823
14 823
Free-cash
69 021
70 677
57 386
54 861

Estimated living cost  is ₴14823 per week

₴9584
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.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴12388
-₴12388
₴31819
-₴12388
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
labour market
-
-
-
7 566
municipal
-
-
-
20 032
national
-
-
-
11 419
pensions
-
-
-
427
total
-
-
-
39 444
Employee
100 190
100 190
100 190
-
municipal
21 335
21 335
21 335
-
labour market
8 004
8 004
8 004
-
pensions
142
142
142
-
national
12 240
12 240
12 240
-
total
41 721
41 721
41 721
-
Employer
100 190
100 190
100 190
-
national
12 261
12 261
12 261
-
labour market
8 015
8 015
8 015
-
pensions
285
285
285
-
municipal
21 369
21 369
21 369
-
total
41 930
41 930
41 930
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
83 651
83 651
83 651
39 444
After tax
11 349
11 349
11 349
55 556
Living cost
23 737
23 737
23 737
23 737
Free-cash
-12 388
-12 388
-12 388
31 819

Estimated living cost  is ₴23737 per week

₴16246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5026
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3110
₴41050
₴54111
₴6038
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
26 612
other
-
-
-
185
health
-
-
-
1 087
pensions
-
-
-
2 074
total
-
-
-
30 084
Employee
16 997
-
85 966
-
pensions
1 914
-
3 803
-
income
2 332
-
20 465
-
health
1 946
-
9 843
-
total
6 192
-
34 111
-
Employer
16 997
-
85 966
-
pensions
2 764
-
5 492
-
accident
284
-
1 436
-
unemployment
416
-
2 106
-
total
3 464
-
9 034
-
Corporate
74 539
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.

67 085
85 500
-
-
total
67 085
85 500
-
-
Dividends
7 454
9 500
-
-
withholding
1 416
1 805
-
-
total
1 416
1 805
-
-
Income
95 000
95 000
95 000
95 000
Total tax
78 157
87 305
43 145
30 084
After tax
16 843
7 695
51 855
64 916
Living cost
10 805
10 805
10 805
10 805
Free-cash
6 038
-3 110
41 050
54 111

Estimated living cost  is ₴10805 per week

₴7865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40091
₴30276
₴41159
₴41527
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 257
municipal
-
-
-
16 874
national
-
-
-
16 778
total
-
-
-
34 909
Employee
25 943
-
79 919
-
municipal
4 249
-
13 015
-
unemployment
389
-
1 199
-
pensions
1 751
-
5 395
-
national
429
-
10 077
-
health
194
-
1 025
-
total
7 012
-
30 711
-
Employer
25 943
-
79 919
-
health
199
-
616
-
pensions
4 501
-
13 866
-
accident
26
-
80
-
unemployment
168
-
519
-
total
4 894
-
15 081
-
Corporate
64 162
95 000
-
-
income
12 832
19 000
-
-
total
12 832
19 000
-
-
Dividends

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

38 497
57 000
-
-
municipal
6 929
10 260
-
-
national
2 874
6 717
-
-
total
9 803
16 977
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 541
35 977
45 792
34 909
After tax
60 459
59 023
49 208
60 091
Living cost
18 932
18 932
18 932
18 932
Free-cash
41 527
40 091
30 276
41 159

Estimated living cost  is ₴18932 per week

₴12366
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1821
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4444
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57860
₴52293
₴53108
₴55175
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 074
social contributions
-
-
-
7 978
health
-
-
-
2 423
total
-
-
-
30 475
Employee
37 917
37 917
89 107
-
social contributions
1 434
3 147
4 245
-
income
4 129
3 510
19 636
-
health
294
645
1 515
-
total
5 857
7 302
25 396
-
Employer
37 917
37 917
89 107
-
health
319
702
1 649
-
social contributions
1 434
3 147
4 245
-
total
1 753
3 849
5 894
-
Corporate
75 975
53 234
-
-
income
9 497
6 654
-
-
total
9 497
6 654
-
-
Dividends
66 478
46 580
-
-
withholding
11 301
7 918
-
-
total
11 301
7 918
-
-
Income
95 000
95 000
95 000
95 000
Total tax
28 408
25 723
31 290
30 475
After tax
66 592
69 277
63 710
64 525
Living cost
11 417
11 417
11 417
11 417
Free-cash
55 175
57 860
52 293
53 108

Estimated living cost  is ₴11417 per week

₴6842
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴70840
₴62612
₴72503
₴68333
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 733
unemployment
-
-
-
14
health
-
-
-
1 784
pensions
-
-
-
3 137
total
-
-
-
14 668
Employee

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

11 318
-
90 181
-
unemployment
56
-
234
-
pensions
1 697
-
7 018
-
income
774
-
8 511
-
health
962
-
3 977
-
total
3 489
-
19 740
-
Employer

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

11 318
-
90 181
-
health
487
-
2 012
-
pensions
622
-
2 573
-
unemployment
56
-
234
-
total
1 165
-
4 819
-
Corporate
82 517
95 000
-
-
income
7 426
8 550
-
-
total
7 426
8 550
-
-
Dividends
75 090
86 450
-
-
withholding
6 758
7 781
-
-
total
6 758
7 781
-
-
Income
95 000
95 000
95 000
95 000
Total tax
18 838
16 331
24 559
14 668
After tax
76 162
78 669
70 441
80 332
Living cost
7 829
7 829
7 829
7 829
Free-cash
68 333
70 840
62 612
72 503

Estimated living cost  is ₴7829 per week

₴4995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴564
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49665
₴37593
₴39662
₴47487
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
412
income
-
-
-
28 066
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 934
total
-
-
-
41 778
Employee
18 233
-
80 429
-
other
18
-
46
-
unemployment
283
-
708
-
pensions
857
-
2 149
-
income
3 515
-
26 373
-
total
4 673
-
29 276
-
Employer
18 233
-
80 429
-
pensions
4 303
-
10 787
-
accident
361
-
905
-
unemployment
1 003
-
2 513
-
other
146
-
366
-
total
5 813
-
14 571
-
Corporate
70 954
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.

10 643
14 250
-
-
total
10 643
14 250
-
-
Dividends
60 311
80 750
-
-
withholding
12 824
17 525
-
-
total
12 824
17 525
-
-
Income
95 000
95 000
95 000
95 000
Total tax
33 953
31 775
43 847
41 778
After tax
61 047
63 225
51 153
53 222
Living cost
13 560
13 560
13 560
13 560
Free-cash
47 487
49 665
37 593
39 662

Estimated living cost  is ₴13560 per week

₴9153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1304
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2866
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58320
₴60158
₴60225
₴58162
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
32 606
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
33 815
Employee
1 463
-
94 212
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
32 569
-
health
73
-
175
-
total
503
-
33 094
-
Employer
1 463
-
94 212
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
93 208
95 000
-
-
income
20 506
20 900
-
-
total
20 506
20 900
-
-
Dividends
72 702
74 100
-
-
withholding
14 540
14 820
-
-
total
14 540
14 820
-
-
Income
95 000
95 000
95 000
95 000
Total tax
35 878
35 720
33 882
33 815
After tax
59 122
59 280
61 118
61 185
Living cost
960
960
960
960
Free-cash
58 162
58 320
60 158
60 225

Estimated living cost  is ₴960 per week

₴571
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
₴60106
₴50998
₴50998
₴57678
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
21 689
unemployment
-
-
-
547
health
-
-
-
3 755
pensions
-
-
-
9 479
total
-
-
-
35 470
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.

12 865
-
88 474
-
unemployment
96
-
273
-
pensions
1 801
-
5 104
-
income
1 773
-
21 689
-
health
663
-
1 878
-
total
4 333
-
28 944
-
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.

12 865
-
88 474
-
health
663
-
1 878
-
pensions
1 544
-
4 375
-
unemployment
96
-
273
-
total
2 303
-
6 526
-
Corporate
79 832
95 000
-
-
income
11 975
14 250
-
-
total
11 975
14 250
-
-
Dividends
67 857
80 750
-
-
withholding
10 179
12 112
-
-
total
10 179
12 112
-
-
Income
95 000
95 000
95 000
95 000
Total tax
28 790
26 362
35 470
35 470
After tax
66 210
68 638
59 530
59 530
Living cost
8 532
8 532
8 532
8 532
Free-cash
57 678
60 106
50 998
50 998

Estimated living cost  is ₴8532 per week

₴5744
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴660
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1880
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40742
₴29859
₴37060
₴40564
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
11 633
surtax
-
-
-
-
social contributions

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

-
-
-
33 013
total
-
-
-
44 646
Employee
19 139
-
76 768
-
surtax
-
-
-
-
social contributions
2 105
-
8 444
-
income
3 740
-
25 171
-
total
5 845
-
33 615
-
Employer
19 139
-
76 768
-
social contributions
4 545
-
18 232
-
total
4 545
-
18 232
-
Corporate
71 317
95 000
-
-
income
14 977
19 950
-
-
surtax
-
-
-
-
total
14 977
19 950
-
-
Dividends
56 340
75 050
-
-
withholding
15 775
21 014
-
-
total
15 775
21 014
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 142
40 964
51 847
44 646
After tax
53 858
54 036
43 153
50 354
Living cost
13 294
13 294
13 294
13 294
Free-cash
40 564
40 742
29 859
37 060

Estimated living cost  is ₴13294 per week

₴9416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴924
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45895
₴33823
₴35892
₴42669
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
412
income
-
-
-
28 066
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 934
total
-
-
-
41 778
Employee
23 815
-
80 429
-
other
23
-
46
-
unemployment
369
-
708
-
pensions
1 119
-
2 149
-
income
4 974
-
26 373
-
total
6 485
-
29 276
-
Employer
23 815
-
80 429
-
pensions
5 620
-
10 787
-
accident
472
-
905
-
unemployment
1 310
-
2 513
-
other
191
-
366
-
total
7 593
-
14 571
-
Corporate
63 593
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.

9 539
14 250
-
-
total
9 539
14 250
-
-
Dividends
54 053
80 750
-
-
withholding
11 384
17 525
-
-
total
11 384
17 525
-
-
Income
95 000
95 000
95 000
95 000
Total tax
35 001
31 775
43 847
41 778
After tax
59 999
63 225
51 153
53 222
Living cost
17 330
17 330
17 330
17 330
Free-cash
42 669
45 895
33 823
35 892

Estimated living cost  is ₴17330 per week

₴12446
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.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴72743
₴71485
₴67669
₴69739
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 250
unemployment
-
-
-
69
health
-
-
-
1 981
pensions

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

-
-
-
2 549
total
-
-
-
18 849
Employee
11 232
-
91 621
-
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.

986
-
1 512
-
income
1 123
-
9 162
-
health
517
-
792
-
total
2 749
-
11 655
-
Employer
11 232
-
91 621
-
health
775
-
1 188
-
pensions

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

1 238
-
1 898
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
unemployment
67
-
103
-
total
2 203
-
3 378
-
Corporate
81 564
95 000
-
-
income
8 156
9 500
-
-
total
8 156
9 500
-
-
Dividends
73 408
85 500
-
-
withholding
3 671
4 275
-
-
total
3 671
4 275
-
-
Income
95 000
95 000
95 000
95 000
Total tax
16 779
13 775
15 033
18 849
After tax
78 221
81 225
79 967
76 151
Living cost
8 482
8 482
8 482
8 482
Free-cash
69 739
72 743
71 485
67 669

Estimated living cost  is ₴8482 per week

₴5610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
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.
₴2185
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29842
₴40661
₴30318
₴36295
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
30 268
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.

-
-
-
1 665
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.

-
-
-
3 369
trade
-
-
-
10 343
total
-
-
-
45 645
Employee

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

24 535
-
95 000
-
surtax

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

111
-
1 665
-
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.

2 017
-
30 268
-
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.

3 369
-
3 369
-
total
5 497
-
35 302
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
70 465
95 000
-
-
income
10 569
14 250
-
-
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.

581
784
-
-
chamber of commerce
178
214
-
-
trade
10 112
13 632
-
-
total
21 440
28 880
-
-
Dividends
49 025
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.

663
899
-
-
withholding
12 068
16 342
-
-
total
12 731
17 241
-
-
Income
95 000
95 000
95 000
95 000
Total tax
39 668
46 121
35 302
45 645
After tax
55 332
48 879
59 698
49 355
Living cost
19 037
19 037
19 037
19 037
Free-cash
36 295
29 842
40 661
30 318

Estimated living cost  is ₴19037 per week

₴13132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2048
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38411
₴21023
₴21023
₴39499
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
29 850
social contributions
-
-
-
16 038
total
-
-
-
45 888
Employee
38 572
-
95 000
-
income
7 278
-
29 850
-
social contributions
3 205
-
16 038
-
total
10 483
-
45 888
-
Employer
38 572
-
95 000
-
total
-
-
-
-
Corporate
56 428
95 000
-
-
income
7 054
11 875
-
-
total
7 054
11 875
-
-
Dividends
49 374
83 125
-
-
withholding
9 875
16 625
-
-
total
9 875
16 625
-
-
Income
95 000
95 000
95 000
95 000
Total tax
27 412
28 500
45 888
45 888
After tax
67 588
66 500
49 112
49 112
Living cost
28 089
28 089
28 089
28 089
Free-cash
39 499
38 411
21 023
21 023

Estimated living cost  is ₴28089 per week

₴21370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2289
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41245
₴49150
₴59863
₴42970
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 987
total
-
-
-
17 237
Employee
22 621
-
92 732
-
income
2 454
-
23 414
-
social contributions
2 266
-
2 268
-
total
4 720
-
25 682
-
Employer
22 621
-
92 732
-
social contributions
2 266
-
2 268
-
total
2 266
-
2 268
-
Corporate
70 113
95 000
-
-
income
24 539
33 250
-
-
total
24 539
33 250
-
-
Dividends
45 573
61 750
-
-
social contributions
2 605
2 605
-
-
total
2 605
2 605
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 130
35 855
27 950
17 237
After tax
60 870
59 145
67 050
77 763
Living cost
17 900
17 900
17 900
17 900
Free-cash
42 970
41 245
49 150
59 863

Estimated living cost  is ₴17900 per week

₴11791
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1411
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43073
₴35627
₴44176
₴45968
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 100
pensions
-
-
-
4 575
total
-
-
-
32 675
Employee
24 913
-
82 905
-
pensions
1 901
-
5 561
-
income
4 537
-
22 400
-
health
325
-
1 168
-
total
6 763
-
29 129
-
Employer
24 913
-
82 905
-
health
473
-
1 575
-
pensions
2 517
-
10 520
-
total
2 990
-
12 095
-
Corporate
67 097
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.

12 748
18 050
-
-
total
12 748
18 050
-
-
Dividends
54 349
76 950
-
-
withholding
8 382
15 728
-
-
total
8 382
15 728
-
-
Income
95 000
95 000
95 000
95 000
Total tax
30 883
33 778
41 224
32 675
After tax
64 117
61 222
53 776
62 325
Living cost
18 149
18 149
18 149
18 149
Free-cash
45 968
43 073
35 627
44 176

Estimated living cost  is ₴18149 per week

₴12450
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1669
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.
₴3802
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4180
₴39980
₴53041
₴5872
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
26 612
other
-
-
-
185
health
-
-
-
1 087
pensions
-
-
-
2 074
total
-
-
-
30 084
Employee
18 679
-
85 966
-
pensions
2 103
-
3 803
-
income
2 563
-
20 465
-
health
2 139
-
9 843
-
total
6 805
-
34 111
-
Employer
18 679
-
85 966
-
pensions
3 037
-
5 492
-
accident
312
-
1 436
-
unemployment
458
-
2 106
-
total
3 807
-
9 034
-
Corporate
72 514
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.

65 263
85 500
-
-
total
65 263
85 500
-
-
Dividends
7 251
9 500
-
-
withholding
1 378
1 805
-
-
total
1 378
1 805
-
-
Income
95 000
95 000
95 000
95 000
Total tax
77 253
87 305
43 145
30 084
After tax
17 747
7 695
51 855
64 916
Living cost
11 875
11 875
11 875
11 875
Free-cash
5 872
-4 180
39 980
53 041

Estimated living cost  is ₴11875 per week

₴8715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴692
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.
₴2229
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65988
₴61646
₴50759
₴70939
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 781
unemployment
-
-
-
950
work injury
-
-
-
396
health insurance
-
-
-
5 859
pensions
-
-
-
14 568
total
-
-
-
37 554
Employee

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

10 700
-
95 000
-
health insurance
792
-
2 929
-
unemployment
128
-
475
-
work injury
53
-
198
-
pensions
1 969
-
7 284
-
income
1 070
-
15 781
-
total
4 012
-
26 667
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
84 300
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%.

843
9 500
-
-
total
843
9 500
-
-
Dividends
83 457
85 500
-
-
withholding
12 519
12 825
-
-
total
12 519
12 825
-
-
Income
95 000
95 000
95 000
95 000
Total tax
17 374
22 325
26 667
37 554
After tax
77 626
72 675
68 333
57 446
Living cost
6 687
6 687
6 687
6 687
Free-cash
70 939
65 988
61 646
50 759

Estimated living cost  is ₴6687 per week

₴4143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1850
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30395
₴19988
₴24149
₴28153
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
2 185
municipal
-
-
-
635
national
-
-
-
23 953
total
-
-
-
51 207
Employee
41 552
-
95 000
-
municipal
248
-
567
-
national
7 022
-
20 828
-
regional
627
-
1 939
-
social contributions
14 011
-
32 034
-
total
21 908
-
55 368
-
Employer
41 552
-
95 000
-
total
-
-
-
-
Corporate
53 448
95 000
-
-
municipal
2 576
4 579
-
-
nationa
12 827
22 800
-
-
total
15 403
27 379
-
-
Dividends
38 044
67 622
-
-
withholding
9 892
17 582
-
-
total
9 892
17 582
-
-
Income
95 000
95 000
95 000
95 000
Total tax
47 203
44 961
55 368
51 207
After tax
47 797
50 039
39 632
43 793
Living cost
19 644
19 644
19 644
19 644
Free-cash
28 153
30 395
19 988
24 149

Estimated living cost  is ₴19644 per week

₴13799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4197
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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