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
₴44389
₴32287
₴33203
₴37991
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
29 827
trade
-
-
-
11 186
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.

-
-
-
3 523
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.

-
-
-
1 640
total
-
-
-
46 176
Employee

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

19 725
-
95 000
-
surtax

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

30
-
1 640
-
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.

3 523
-
3 523
-
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.

551
-
29 827
-
total
4 104
-
34 990
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
75 275
95 000
-
-
income
11 291
14 250
-
-
trade
11 856
14 963
-
-
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.

621
784
-
-
chamber of commerce
187
214
-
-
total
23 955
30 211
-
-
Dividends
51 320
64 789
-
-
withholding
12 634
16 001
-
-
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.

695
880
-
-
total
13 329
16 881
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 388
47 092
34 990
46 176
After tax
53 612
47 908
60 010
48 824
Living cost
15 621
15 621
15 621
15 621
Free-cash
37 991
32 287
44 389
33 203

Estimated living cost  is ₴15621 per week

₴9826
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.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3682
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29319
₴32120
₴28808
₴31669
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
11 400
social contributions
-
-
-
1 021
municipal
-
-
-
10 412
national
-
-
-
16 199
total
-
-
-
39 032
Employee
42 104
-
82 127
-
municipal
5 200
-
10 779
-
pensions
1 684
-
3 285
-
national
8 059
-
17 004
-
total
14 943
-
31 068
-
Employer
42 104
-
82 127
-
social contributions
453
-
883
-
pensions
3 368
-
6 570
-
total
3 821
-
7 453
-
Corporate
46 297
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%.

9 259
19 000
-
-
total
9 259
19 000
-
-
Dividends
37 037
76 000
-
-
withholding
8 148
16 720
-
-
total
8 148
16 720
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 171
35 720
38 521
39 032
After tax
58 829
59 280
56 479
55 968
Living cost
27 160
27 160
27 160
27 160
Free-cash
31 669
32 120
29 319
28 808

Estimated living cost  is ₴27160 per week

₴18461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2525
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴407
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29468
₴65271
₴22412
₴61040
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 875
microenterprise
-
-
-
-
social contributions

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

-
-
-
19 759
surtax
-
-
-
24 225
total
-
-
-
61 859
Employee
15 069
-
72 247
-
surtax
-
-
10 476
-
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.

1 658
-
6 761
-
income
2 683
-
14 813
-
total
4 341
-
32 050
-
Employer
15 069
-
72 247
-
surtax
-
-
7 947
-
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.

3 630
-
14 806
-
total
3 630
-
22 753
-
Corporate
76 301
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%.

15 260
19 000
-
-
total
15 260
19 000
-
-
Dividends

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

61 040
76 000
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
23 231
19 000
54 803
61 859
After tax
71 769
76 000
40 197
33 141
Living cost
10 729
10 729
10 729
10 729
Free-cash
61 040
65 271
29 468
22 412

Estimated living cost  is ₴10729 per week

₴6845
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1022
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.
₴2619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38201
₴25493
₴30555
₴22333
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30 440
pensions
-
-
-
6 042
health
-
-
-
6 359
total
-
-
-
42 841
Employee
44 040
44 040
85 416
-
pensions
7 927
6 042
6 042
-
health
6 760
5 750
6 359
-
income

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

7 209
7 209
13 210
-
total
21 896
19 001
25 611
-
Employer
44 040
44 040
85 416
-
health
3 061
3 061
3 804
-
unemployment
1 585
1 585
1 970
-
pensions
3 065
3 065
3 810
-
total
7 711
7 711
9 584
-
Corporate
43 788
43 248
-
-
income
8 758
8 649
-
-
total
8 758
8 649
-
-
Dividends
35 030
34 599
-
-
income
7 444
7 352
-
-
withholding
5 254
5 190
-
-
total
12 698
12 542
-
-
Income
95 000
95 000
95 000
95 000
Total tax
51 063
47 903
35 195
42 841
After tax
43 937
47 097
59 805
52 159
Living cost
21 604
21 604
21 604
21 604
Free-cash
22 333
25 493
38 201
30 555

Estimated living cost  is ₴21604 per week

₴15310
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.
₴344
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4003
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27098
₴30826
₴27608
₴30353
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 986
other
-
-
-
5 359
unemployment
-
-
-
46
accident
-
-
-
92
health
-
-
-
2 878
municipal
-
-
-
24 345
national
-
-
-
8 642
total
-
-
-
46 348
Employee
29 985
-
80 509
-
municipal
8 942
-
24 008
-
national
-
-
8 359
-
total
8 942
-
32 367
-
Employer
29 985
-
80 509
-
accident
60
-
92
-
other
3 484
-
5 359
-
health
1 844
-
2 836
-
unemployment
792
-
1 218
-
pensions
3 241
-
4 986
-
total
9 421
-
14 491
-
Corporate
55 593
95 000
-
-
income
12 231
20 900
-
-
total
12 231
20 900
-
-
Dividends
43 363
74 100
-
-
withholding
13 009
22 230
-
-
total
13 009
22 230
-
-
Income
95 000
95 000
95 000
95 000
Total tax
43 603
43 130
46 858
46 348
After tax
51 397
51 870
48 142
48 652
Living cost
21 044
21 044
21 044
21 044
Free-cash
30 353
30 826
27 098
27 608

Estimated living cost  is ₴21044 per week

₴13947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2065
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39751
₴27161
₴28068
₴34407
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
29 827
trade
-
-
-
11 683
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.

-
-
-
3 523
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.

-
-
-
1 640
total
-
-
-
46 673
Employee

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

26 153
-
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.

123
-
1 640
-
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.

3 523
-
3 523
-
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.

2 247
-
29 827
-
total
5 893
-
34 990
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 847
95 000
-
-
income
10 327
14 250
-
-
trade
11 325
15 627
-
-
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.

568
784
-
-
chamber of commerce
176
213
-
-
total
22 396
30 874
-
-
Dividends
46 451
64 125
-
-
withholding
11 417
15 835
-
-
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
871
-
-
total
12 045
16 706
-
-
Income
95 000
95 000
95 000
95 000
Total tax
40 334
47 580
34 990
46 673
After tax
54 666
47 420
60 010
48 327
Living cost
20 259
20 259
20 259
20 259
Free-cash
34 407
27 161
39 751
28 068

Estimated living cost  is ₴20259 per week

₴13550
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4271
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47174
₴52563
₴47998
₴50424
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 509
social contributions
-
-
-
8 344
health
-
-
-
2 422
total
-
-
-
30 275
Employee
39 656
39 656
88 916
-
social contributions
1 927
3 291
4 439
-
health
394
674
1 512
-
income
4 164
3 671
19 064
-
total
6 485
7 636
25 015
-
Employer
39 656
39 656
88 916
-
health
430
734
1 645
-
social contributions
1 927
3 291
4 439
-
total
2 357
4 025
6 084
-
Corporate
69 430
51 319
-
-
income
8 679
6 415
-
-
total
8 679
6 415
-
-
Dividends
60 752
44 903
-
-
withholding
10 328
7 634
-
-
total
10 328
7 634
-
-
Income
95 000
95 000
95 000
95 000
Total tax
27 849
25 710
31 099
30 275
After tax
67 151
69 290
63 901
64 725
Living cost
16 727
16 727
16 727
16 727
Free-cash
50 424
52 563
47 174
47 998

Estimated living cost  is ₴16727 per week

₴11435
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1307
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.
₴3705
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴44641
₴42947
₴55380
₴43165
S + D Salary + Dividends

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

Dividends

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

Salary

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

15 057
5 992
79 498
-
unemployment
226
90
1 192
-
pensions
1 506
599
7 950
-
health
1 054
419
5 565
-
income
1 841
733
9 719
-
total
4 627
1 841
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.

15 057
5 992
79 498
-
pensions
2 936
1 169
15 502
-
total
2 936
1 169
15 502
-
Corporate
77 007
87 839
-
-
income
6 931
7 906
-
-
total
6 931
7 906
-
-
Dividends
70 076
79 934
-
-
withholding
13 314
15 187
-
-
social contributions
13 596
15 519
-
-
total
26 910
30 706
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 404
41 622
39 928
29 189
After tax
53 596
53 378
55 072
65 811
Living cost
10 431
10 431
10 431
10 431
Free-cash
43 165
42 947
44 641
55 380

Estimated living cost  is ₴10431 per week

₴7118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴853
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42300
₴63544
₴38463
₴60340
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 731
pensions
-
-
-
19 000
health
-
-
-
12 350
total
-
-
-
44 081
Employee
14 630
-
71 002
-
unemployment
234
-
1 136
-
pensions
293
-
1 420
-
income
1 647
-
13 690
-
total
2 174
-
16 246
-
Employer
14 630
-
71 002
-
health
1 902
-
9 230
-
unemployment
117
-
568
-
pensions
2 926
-
14 200
-
total
4 945
-
23 998
-
Corporate
75 425
95 000
-
-
income
15 085
19 000
-
-
total
15 085
19 000
-
-
Dividends
60 340
76 000
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
22 204
19 000
40 244
44 081
After tax
72 796
76 000
54 756
50 919
Living cost
12 456
12 456
12 456
12 456
Free-cash
60 340
63 544
42 300
38 463

Estimated living cost  is ₴12456 per week

₴8544
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.
₴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.
₴2920
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40346
-₴3695
₴53539
₴5947
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 465
pensions
-
-
-
2 154
other
-
-
-
192
accident
-
-
-
131
health
-
-
-
1 129
total
-
-
-
30 071
Employee
17 918
-
85 762
-
pensions
2 018
-
3 950
-
health
2 052
-
9 820
-
income
2 458
-
20 257
-
total
6 528
-
34 027
-
Employer
17 918
-
85 762
-
accident
299
-
1 432
-
unemployment
439
-
2 101
-
pensions
2 914
-
5 704
-
total
3 652
-
9 237
-
Corporate
73 431
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.

66 088
85 500
-
-
total
66 088
85 500
-
-
Dividends
7 343
9 500
-
-
withholding
1 395
1 805
-
-
total
1 395
1 805
-
-
Income
95 000
95 000
95 000
95 000
Total tax
77 663
87 305
43 264
30 071
After tax
17 337
7 695
51 736
64 929
Living cost
11 390
11 390
11 390
11 390
Free-cash
5 947
-3 695
40 346
53 539

Estimated living cost  is ₴11390 per week

₴8348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴631
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.
₴2174
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴71574
₴85824
₴89624
₴84995
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 532
-
95 000
-
income
1 106
-
19 000
-
total
1 106
-
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%.

89 468
95 000
-
-
total
-
-
-
-
Dividends
89 468
95 000
-
-
withholding
4 473
4 750
-
-
total
4 473
4 750
-
-
Income
95 000
95 000
95 000
95 000
Total tax
5 579
4 750
19 000
950
After tax
89 421
90 250
76 000
94 050
Living cost
4 426
4 426
4 426
4 426
Free-cash
84 995
85 824
71 574
89 624

Estimated living cost  is ₴4426 per week

₴2743
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴122
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1193
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40001
₴56055
₴40191
₴52572
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 069
pensions

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

-
-
-
18 822
other
-
-
-
3 725
health
-
-
-
3 451
total
-
-
-
41 067
Employee
18 725
-
75 879
-
unemployment
187
-
758
-
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.

1 310
-
5 311
-
health
262
-
1 062
-
income
3 224
-
15 005
-
total
4 983
-
22 136
-
Employer
18 725
-
75 879
-
accident
150
-
607
-
other
937
-
3 794
-
health
262
-
1 062
-
unemployment
187
-
758
-
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.

3 184
-
12 900
-
total
4 720
-
19 121
-
Corporate
71 556
95 000
-
-
income
15 026
19 950
-
-
total
15 026
19 950
-
-
Dividends
56 529
75 050
-
-
withholding
3 957
5 253
-
-
total
3 957
5 253
-
-
Income
95 000
95 000
95 000
95 000
Total tax
28 686
25 203
41 257
41 067
After tax
66 314
69 797
53 743
53 933
Living cost
13 742
13 742
13 742
13 742
Free-cash
52 572
56 055
40 001
40 191

Estimated living cost  is ₴13742 per week

₴9709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴928
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2883
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19427
₴27079
₴28006
₴29322
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 527
pensions
-
-
-
4 742
total
-
-
-
32 269
Employee
49 130
-
82 956
-
pensions
4 740
-
5 807
-
health
810
-
1 189
-
income
8 856
-
21 807
-
total
14 406
-
28 803
-
Employer
49 130
-
82 956
-
health
933
-
1 576
-
pensions
5 801
-
10 469
-
total
6 734
-
12 045
-
Corporate
39 136
95 000
-
-
income

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

7 436
18 050
-
-
total
7 436
18 050
-
-
Dividends
31 699
76 950
-
-
withholding
2 377
15 146
-
-
total
2 377
15 146
-
-
Income
95 000
95 000
95 000
95 000
Total tax
30 953
33 196
40 848
32 269
After tax
64 047
61 804
54 152
62 731
Living cost
34 725
34 725
34 725
34 725
Free-cash
29 322
27 079
19 427
28 006

Estimated living cost  is ₴34725 per week

₴26020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4080
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.
₴4343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴72786
₴74375
₴69027
₴71948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 701
unemployment
-
-
-
73
health
-
-
-
2 099
total
-
-
-
19 123
Employee
9 070
-
91 420
-
pensions

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

796
-
1 602
-
health
417
-
839
-
accident

We are using the highest rate at 1.1%.

100
-
201
-
income
907
-
9 142
-
total
2 220
-
11 784
-
Employer
9 070
-
91 420
-
accident

We are using the highest rate at 1.1%.

100
-
201
-
health
626
-
1 259
-
unemployment
54
-
109
-
pensions

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

1 000
-
2 011
-
total
1 780
-
3 580
-
Corporate
84 150
95 000
-
-
income
8 415
9 500
-
-
total
8 415
9 500
-
-
Dividends
75 735
85 500
-
-
withholding
3 787
4 275
-
-
total
3 787
4 275
-
-
Income
95 000
95 000
95 000
95 000
Total tax
16 202
13 775
15 364
19 123
After tax
78 798
81 225
79 636
75 877
Living cost
6 850
6 850
6 850
6 850
Free-cash
71 948
74 375
72 786
69 027

Estimated living cost  is ₴6850 per week

₴3999
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
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.
₴2180
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31208
₴18500
₴23562
₴19797
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30 440
pensions
-
-
-
6 042
health
-
-
-
6 359
total
-
-
-
42 841
Employee
47 813
44 040
85 416
-
pensions
6 042
6 042
6 042
-
health
5 965
5 750
6 359
-
income

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

7 209
7 209
13 210
-
total
19 216
19 001
25 611
-
Employer
47 813
44 040
85 416
-
health
3 323
3 061
3 804
-
unemployment
1 721
1 585
1 970
-
pensions
3 327
3 065
3 810
-
total
8 371
7 711
9 584
-
Corporate
38 815
43 248
-
-
income
7 763
8 649
-
-
total
7 763
8 649
-
-
Dividends
31 052
34 599
-
-
income
6 599
7 352
-
-
withholding
4 657
5 190
-
-
total
11 256
12 542
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 606
47 903
35 195
42 841
After tax
48 394
47 097
59 805
52 159
Living cost
28 597
28 597
28 597
28 597
Free-cash
19 797
18 500
31 208
23 562

Estimated living cost  is ₴28597 per week

₴21095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2554
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.
₴4620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36936
₴52501
₴41157
₴47897
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 541
solidarity contribution
-
-
-
-
social contributions
-
-
-
18 571
health
-
-
-
12 825
total
-
-
-
40 937
Employee
18 979
-
72 569
-
social contributions
1 234
-
4 134
-
solidarity contribution
-
-
-
-
health
2 562
-
9 797
-
income
2 277
-
8 796
-
total
6 073
-
22 727
-
Employer
18 979
-
72 569
-
health
1 708
-
6 531
-
social contributions
4 745
-
15 900
-
total
6 453
-
22 431
-
Corporate
69 568
95 000
-
-
income
13 218
18 050
-
-
total
13 218
18 050
-
-
Dividends
56 350
76 950
-
-
withholding
8 453
11 543
-
-
total
8 453
11 543
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 197
29 593
45 158
40 937
After tax
60 803
65 407
49 842
54 063
Living cost
12 906
12 906
12 906
12 906
Free-cash
47 897
52 501
36 936
41 157

Estimated living cost  is ₴12906 per week

₴8964
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴918
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19106
₴28925
₴23398
₴26233
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 126
social contributions
-
-
-
24 434
municipal
-
-
-
565
national
-
-
-
23 716
total
-
-
-
49 841
Employee
45 834
-
95 000
-
municipal
243
-
504
-
social contributions
15 455
-
32 034
-
regional
432
-
995
-
national
7 942
-
20 600
-
total
24 072
-
54 133
-
Employer
45 834
-
95 000
-
total
-
-
-
-
Corporate
49 166
95 000
-
-
nationa
11 800
22 800
-
-
municipal
1 917
3 705
-
-
total
13 717
26 505
-
-
Dividends
35 449
68 495
-
-
withholding
9 217
17 809
-
-
total
9 217
17 809
-
-
Income
95 000
95 000
95 000
95 000
Total tax
47 006
44 314
54 133
49 841
After tax
47 994
50 686
40 867
45 159
Living cost
21 761
21 761
21 761
21 761
Free-cash
26 233
28 925
19 106
23 398

Estimated living cost  is ₴21761 per week

₴15169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1427
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30368
₴48375
₴33522
₴46770
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 061
pensions
-
-
-
13 766
other
-
-
-
-
unemployment
-
-
-
117
health
-
-
-
4 886
surtax
-
-
-
4 268
total
-
-
-
50 098
Employee
17 054
-
80 512
-
unemployment
1 187
-
4 791
-
surtax
56
-
3 651
-
pensions
1 137
-
4 591
-
health
436
-
1 755
-
other
-
-
-
-
income
2 859
-
23 976
-
total
5 675
-
38 764
-
Employer
17 054
-
80 512
-
other
-
-
-
-
health
776
-
3 132
-
unemployment
540
-
2 181
-
pensions
2 273
-
9 175
-
total
3 589
-
14 488
-
Corporate
74 356
95 000
-
-
income
19 333
24 700
-
-
total
19 333
24 700
-
-
Dividends
55 023
70 300
-
-
withholding
8 253
10 545
-
-
total
8 253
10 545
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 850
35 245
53 252
50 098
After tax
58 150
59 755
41 748
44 902
Living cost
11 380
11 380
11 380
11 380
Free-cash
46 770
48 375
30 368
33 522

Estimated living cost  is ₴11380 per week

₴6958
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1050
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30429
₴38081
₴39008
₴41512
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 527
pensions
-
-
-
4 742
total
-
-
-
32 269
Employee
32 926
-
82 956
-
pensions
2 795
-
5 807
-
health
478
-
1 189
-
income
5 930
-
21 807
-
total
9 203
-
28 803
-
Employer
32 926
-
82 956
-
health
625
-
1 576
-
pensions
3 564
-
10 469
-
total
4 189
-
12 045
-
Corporate
57 884
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.

10 998
18 050
-
-
total
10 998
18 050
-
-
Dividends
46 886
76 950
-
-
withholding
5 375
15 146
-
-
total
5 375
15 146
-
-
Income
95 000
95 000
95 000
95 000
Total tax
29 765
33 196
40 848
32 269
After tax
65 235
61 804
54 152
62 731
Living cost
23 723
23 723
23 723
23 723
Free-cash
41 512
38 081
30 429
39 008

Estimated living cost  is ₴23723 per week

₴17773
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1778
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3923
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴31098
₴2018
₴35436
₴19740
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
4 696
pensions
-
-
-
8 740
other

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

-
-
-
1 900
city
-
-
-
1 001
health
-
-
-
214
national
-
-
-
1 589
total
-
-
-
18 140
Employee
48 476
-
85 031
-
city
520
-
914
-
unemployment
-
-
-
-
pensions
4 073
-
7 142
-
regional
1 587
-
4 041
-
health
110
-
192
-
national
229
-
1 155
-
total
6 519
-
13 444
-
Employer
48 476
-
85 031
-
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.

969
-
1 700
-
health
110
-
192
-
unemployment
-
-
-
-
pensions
4 073
-
7 142
-
total
5 152
-
9 034
-
Corporate
40 839
95 000
-
-
national
3 472
8 075
-
-
regional
8 638
20 092
-
-
total
12 110
28 167
-
-
Dividends
28 730
66 833
-
-
withholding
10 055
23 391
-
-
total
10 055
23 391
-
-
Income
95 000
95 000
95 000
95 000
Total tax
33 836
51 558
22 478
18 140
After tax
61 164
43 442
72 522
76 860
Living cost
41 424
41 424
41 424
41 424
Free-cash
19 740
2 018
31 098
35 436

Estimated living cost  is ₴41424 per week

₴26937
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3717
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴509
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10260
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴36385
₴23305
₴24204
₴31669
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
29 827
trade
-
-
-
12 181
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.

-
-
-
3 523
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.

-
-
-
1 640
total
-
-
-
47 171
Employee

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

30 994
-
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.

201
-
1 640
-
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.

3 523
-
3 523
-
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.

3 645
-
29 827
-
total
7 369
-
34 990
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
64 006
95 000
-
-
income
9 601
14 250
-
-
trade
10 977
16 293
-
-
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.

528
784
-
-
chamber of commerce
168
212
-
-
total
21 274
31 539
-
-
Dividends
42 732
63 460
-
-
withholding
10 487
15 669
-
-
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.

576
862
-
-
total
11 063
16 531
-
-
Income
95 000
95 000
95 000
95 000
Total tax
39 706
48 070
34 990
47 171
After tax
55 294
46 930
60 010
47 829
Living cost
23 625
23 625
23 625
23 625
Free-cash
31 669
23 305
36 385
24 204

Estimated living cost  is ₴23625 per week

₴17255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4174
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34086
₴30236
₴35822
₴33281
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 191
pensions
-
-
-
16 544
social contributions
-
-
-
2 707
other
-
-
-
2 945
health
-
-
-
4 147
surtax
-
-
-
-
total
-
-
-
41 534
Employee
22 072
-
73 381
-
surtax
-
-
-
-
pensions
2 496
-
5 162
-
social contributions
629
-
2 090
-
income
1 303
-
14 400
-
total
4 428
-
21 652
-
Employer
22 072
-
73 381
-
other
761
-
2 887
-
health
1 545
-
6 860
-
unemployment
894
-
2 972
-
social contributions
67
-
220
-
pensions
3 626
-
8 679
-
total
6 893
-
21 618
-
Corporate
66 035
95 000
-
-
income
18 490
26 600
-
-
surtax
-
-
-
-
total
18 490
26 600
-
-
Dividends
47 545
68 400
-
-
withholding
6 085
8 755
-
-
surtax
-
-
-
-
social contributions
8 179
11 765
-
-
total
14 264
20 520
-
-
Income
95 000
95 000
95 000
95 000
Total tax
44 075
47 120
43 270
41 534
After tax
50 925
47 880
51 730
53 466
Living cost
17 644
17 644
17 644
17 644
Free-cash
33 281
30 236
34 086
35 822

Estimated living cost  is ₴17644 per week

₴11126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1435
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4785
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴35834
₴31984
₴37570
₴34850
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 191
pensions
-
-
-
16 544
social contributions
-
-
-
2 707
other
-
-
-
2 945
health
-
-
-
4 147
surtax
-
-
-
-
total
-
-
-
41 534
Employee
19 702
-
73 381
-
surtax
-
-
-
-
pensions
2 228
-
5 162
-
social contributions
562
-
2 090
-
income
1 016
-
14 400
-
total
3 806
-
21 652
-
Employer
19 702
-
73 381
-
other
680
-
2 887
-
health
1 379
-
6 860
-
unemployment
798
-
2 972
-
social contributions
59
-
220
-
pensions
3 237
-
8 679
-
total
6 153
-
21 618
-
Corporate
69 145
95 000
-
-
income
19 361
26 600
-
-
surtax
-
-
-
-
total
19 361
26 600
-
-
Dividends
49 784
68 400
-
-
withholding
6 372
8 755
-
-
surtax
-
-
-
-
social contributions
8 562
11 765
-
-
total
14 934
20 520
-
-
Income
95 000
95 000
95 000
95 000
Total tax
44 254
47 120
43 270
41 534
After tax
50 746
47 880
51 730
53 466
Living cost
15 896
15 896
15 896
15 896
Free-cash
34 850
31 984
35 834
37 570

Estimated living cost  is ₴15896 per week

₴9219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1615
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.
₴4761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47992
₴47022
₴50073
₴47291
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
17 486
-
95 000
-
social contributions
2 413
-
13 110
-
health
1 220
-
6 631
-
income
2 916
-
16 331
-
total
6 549
-
36 072
-
Employer
17 486
-
95 000
-
total
-
-
-
-
Corporate
77 514
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%.

3 876
4 750
-
-
total
3 876
4 750
-
-
Dividends
73 639
90 250
-
-
withholding
11 046
13 537
-
-
health
5 140
6 300
-
-
social contributions
10 162
12 455
-
-
total
26 348
32 292
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 773
37 042
36 072
33 991
After tax
58 227
57 958
58 928
61 009
Living cost
10 936
10 936
10 936
10 936
Free-cash
47 291
47 022
47 992
50 073

Estimated living cost  is ₴10936 per week

₴7318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴674
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2690
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6955
₴34350
₴30597
₴33555
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 831
pensions
-
-
-
11 146
unemployment
-
-
-
3 163
health
-
-
-
4 609
chamber of commerce
-
-
-
380
surtax
-
-
-
102
total
-
-
-
46 231
Employee
25 773
20 552
76 382
-
unemployment
773
617
1 808
-
pensions
2 639
2 104
6 170
-
health
997
796
2 331
-
other
257
206
603
-
income
2 934
1 516
21 737
-
total
7 600
5 239
32 649
-
Employer
25 773
20 552
76 382
-
surtax
102
102
102
-
accident
335
267
783
-
other
1 224
976
3 491
-
health
974
777
2 277
-
unemployment
773
617
1 808
-
chamber of commerce
103
82
305
-
payroll
773
617
2 291
-
pensions
3 234
2 580
7 561
-
total
7 518
6 018
18 618
-
Corporate
61 709
68 431
74 424
-
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.

15 427
17 108
18 606
-
total
15 427
17 108
18 606
-
Dividends
46 282
51 323
-
-
withholding
12 728
14 113
-
-
total
12 728
14 113
-
-
Income
95 000
95 000
95 000
95 000
Total tax
43 273
42 478
69 873
46 231
After tax
51 727
52 522
25 127
48 769
Living cost
18 172
18 172
18 172
18 172
Free-cash
33 555
34 350
6 955
30 597

Estimated living cost  is ₴18172 per week

₴12120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1550
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14411
₴34317
₴22409
₴26582
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
4 929
social contributions
-
-
-
12 858
national
-
-
-
36 000
total
-
-
-
53 787
Employee

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

36 889
-
73 580
-
unemployment

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

321
-
640
-
pensions

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

2 767
-
5 519
-
communal

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

1 924
-
3 837
-
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.

1 733
-
3 459
-
national
11 341
-
26 910
-
total
18 086
-
40 365
-
Employer

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

36 889
-
73 580
-
surtax
4 183
-
8 344
-
accident

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

480
-
957
-
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.

2 269
-
4 525
-
unemployment

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

538
-
1 075
-
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.

3 269
-
6 519
-
total
10 739
-
21 420
-
Corporate
47 373
95 000
-
-
income
9 474
19 000
-
-
surtax
190
380
-
-
total
9 664
19 380
-
-
Dividends
37 708
75 620
-
-
withholding

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

11 125
22 499
-
-
total
11 125
22 499
-
-
Income
95 000
95 000
95 000
95 000
Total tax
49 614
41 879
61 785
53 787
After tax
45 386
53 121
33 215
41 213
Living cost
18 804
18 804
18 804
18 804
Free-cash
26 582
34 317
14 411
22 409

Estimated living cost  is ₴18804 per week

₴12112
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32478
₴44649
₴34642
₴41116
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 392
pensions
-
-
-
13 527
other
-
-
-
48
unemployment
-
-
-
335
accident
-
-
-
431
total
-
-
-
41 733
Employee
25 671
-
79 761
-
unemployment
398
-
741
-
pensions
1 207
-
2 247
-
other
25
-
48
-
income
5 416
-
25 622
-
total
7 046
-
28 658
-
Employer
25 671
-
79 761
-
accident
508
-
946
-
other
205
-
383
-
unemployment
1 412
-
2 629
-
pensions
6 058
-
11 281
-
total
8 183
-
15 239
-
Corporate
61 146
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.

9 172
14 250
-
-
total
9 172
14 250
-
-
Dividends
51 974
80 750
-
-
withholding
10 858
17 476
-
-
total
10 858
17 476
-
-
Income
95 000
95 000
95 000
95 000
Total tax
35 259
31 726
43 897
41 733
After tax
59 741
63 274
51 103
53 267
Living cost
18 625
18 625
18 625
18 625
Free-cash
41 116
44 649
32 478
34 642

Estimated living cost  is ₴18625 per week

₴13715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1321
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3320
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22263
₴27255
₴18477
₴20524
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 068
communal
-
-
-
6 004
pensions
-
-
-
14 240
accident
-
-
-
801
health
-
-
-
6 675
surtax
-
-
-
4 709
total
-
-
-
48 497
Employee
39 055
-
84 859
-
surtax
2 394
-
5 201
-
pensions
3 124
-
6 789
-
health
1 738
-
3 777
-
income
3 772
-
18 803
-
total
11 028
-
34 570
-
Employer
39 055
-
84 859
-
accident
351
-
763
-
health
1 191
-
2 589
-
pensions
3 124
-
6 789
-
total
4 666
-
10 141
-
Corporate
51 279
95 000
-
-
income
7 691
14 250
-
-
surtax
538
997
-
-
communal
3 462
6 412
-
-
total
11 691
21 659
-
-
Dividends
39 588
73 340
-
-
income
13 126
7 059
-
-
withholding
5 939
11 001
-
-
total
19 065
18 060
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 450
39 719
44 711
48 497
After tax
48 550
55 281
50 289
46 503
Living cost
28 026
28 026
28 026
28 026
Free-cash
20 524
27 255
22 263
18 477

Estimated living cost  is ₴28026 per week

₴21024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
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.
₴5007
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30164
₴48171
₴33318
₴46529
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 061
pensions
-
-
-
13 766
other
-
-
-
-
unemployment
-
-
-
117
health
-
-
-
4 886
surtax
-
-
-
4 268
total
-
-
-
50 098
Employee
17 368
-
80 512
-
unemployment
1 209
-
4 791
-
surtax
62
-
3 651
-
pensions
1 159
-
4 591
-
health
443
-
1 755
-
other
-
-
-
-
income
2 912
-
23 976
-
total
5 785
-
38 764
-
Employer
17 368
-
80 512
-
other
-
-
-
-
health
790
-
3 132
-
unemployment
551
-
2 181
-
pensions
2 316
-
9 175
-
total
3 657
-
14 488
-
Corporate
73 976
95 000
-
-
income
19 234
24 700
-
-
total
19 234
24 700
-
-
Dividends
54 742
70 300
-
-
withholding
8 211
10 545
-
-
total
8 211
10 545
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 887
35 245
53 252
50 098
After tax
58 113
59 755
41 748
44 902
Living cost
11 584
11 584
11 584
11 584
Free-cash
46 529
48 171
30 164
33 318

Estimated living cost  is ₴11584 per week

₴6994
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1007
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.
₴3315
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26691
₴36042
₴30961
₴34896
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 432
social contributions
-
-
-
24 434
municipal
-
-
-
565
national
-
-
-
23 716
total
-
-
-
50 147
Employee
28 608
-
95 000
-
municipal
152
-
504
-
social contributions
9 647
-
32 034
-
regional
385
-
1 279
-
national
4 532
-
20 600
-
total
14 716
-
54 417
-
Employer
28 608
-
95 000
-
total
-
-
-
-
Corporate
66 392
95 000
-
-
nationa
15 935
22 800
-
-
municipal
3 300
4 721
-
-
total
19 235
27 521
-
-
Dividends
47 158
67 479
-
-
withholding
12 261
17 545
-
-
total
12 261
17 545
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 212
45 066
54 417
50 147
After tax
48 788
49 934
40 583
44 853
Living cost
13 892
13 892
13 892
13 892
Free-cash
34 896
36 042
26 691
30 961

Estimated living cost  is ₴13892 per week

₴8640
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1407
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33939
₴49504
₴38160
₴43831
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 541
solidarity contribution
-
-
-
-
social contributions
-
-
-
18 571
health
-
-
-
12 825
total
-
-
-
40 937
Employee
23 387
-
72 569
-
social contributions
1 520
-
4 134
-
solidarity contribution
-
-
-
-
health
3 157
-
9 797
-
income
2 806
-
8 796
-
total
7 483
-
22 727
-
Employer
23 387
-
72 569
-
health
2 105
-
6 531
-
social contributions
5 847
-
15 900
-
total
7 952
-
22 431
-
Corporate
63 662
95 000
-
-
income
12 096
18 050
-
-
total
12 096
18 050
-
-
Dividends
51 566
76 950
-
-
withholding
7 735
11 543
-
-
total
7 735
11 543
-
-
Income
95 000
95 000
95 000
95 000
Total tax
35 266
29 593
45 158
40 937
After tax
59 734
65 407
49 842
54 063
Living cost
15 903
15 903
15 903
15 903
Free-cash
43 831
49 504
33 939
38 160

Estimated living cost  is ₴15903 per week

₴11827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴881
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2920
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8699
₴36123
₴32418
₴35871
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 831
pensions
-
-
-
11 146
unemployment
-
-
-
3 163
health
-
-
-
4 609
chamber of commerce
-
-
-
380
surtax
-
-
-
-
total
-
-
-
46 129
Employee
22 543
20 552
76 476
-
unemployment
676
617
1 808
-
pensions
2 309
2 104
6 170
-
health
872
796
2 331
-
other
225
206
603
-
income
2 008
1 516
21 782
-
total
6 090
5 239
32 694
-
Employer
22 543
20 552
76 476
-
surtax
-
-
-
-
accident
293
267
783
-
other
1 071
976
3 495
-
health
852
777
2 277
-
unemployment
676
617
1 808
-
chamber of commerce
90
82
306
-
payroll
676
617
2 294
-
pensions
2 829
2 580
7 561
-
total
6 487
5 916
18 524
-
Corporate
65 969
68 533
74 518
-
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.

16 493
17 134
18 630
-
total
16 493
17 134
18 630
-
Dividends
49 476
51 399
-
-
withholding
13 606
14 135
-
-
total
13 606
14 135
-
-
Income
95 000
95 000
95 000
95 000
Total tax
42 676
42 424
69 848
46 129
After tax
52 324
52 576
25 152
48 871
Living cost
16 453
16 453
16 453
16 453
Free-cash
35 871
36 123
8 699
32 418

Estimated living cost  is ₴16453 per week

₴9870
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1680
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.
₴4610
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69103
₴83353
₴87153
₴82060
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
95 000
microenterprise

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

-
-
-
950
total
-
-
-
950
Employee
8 621
-
95 000
-
income
1 724
-
19 000
-
total
1 724
-
19 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

86 379
95 000
-
-
total
-
-
-
-
Dividends
86 379
95 000
-
-
withholding
4 319
4 750
-
-
total
4 319
4 750
-
-
Income
95 000
95 000
95 000
95 000
Total tax
6 043
4 750
19 000
950
After tax
88 957
90 250
76 000
94 050
Living cost
6 897
6 897
6 897
6 897
Free-cash
82 060
83 353
69 103
87 153

Estimated living cost  is ₴6897 per week

₴4667
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴290
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1709
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29839
₴51575
₴32354
₴47260
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 972
pensions
-
-
-
17 350
unemployment
-
-
-
143
health
-
-
-
9 348
total
-
-
-
48 813
Employee

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

22 805
-
82 202
-
unemployment
32
-
115
-
pensions
3 535
-
12 741
-
health
1 473
-
5 310
-
income
3 933
-
20 364
-
total
8 973
-
38 530
-
Employer

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

22 805
-
82 202
-
health
1 519
-
5 475
-
unemployment
14
-
49
-
pensions
2 018
-
7 274
-
total
3 551
-
12 798
-
Corporate
68 644
95 000
-
-
income
13 043
18 050
-
-
total
13 043
18 050
-
-
Dividends
55 602
76 950
-
-
withholding
8 340
11 542
-
-
total
8 340
11 542
-
-
Income
95 000
95 000
95 000
95 000
Total tax
33 907
29 592
51 328
48 813
After tax
61 093
65 408
43 672
46 187
Living cost
13 833
13 833
13 833
13 833
Free-cash
47 260
51 575
29 839
32 354

Estimated living cost  is ₴13833 per week

₴9493
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.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64607
₴34506
₴42361
₴8828
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
33 397
-
-
-
social contributions
2 739
-
390
-
income
7 367
-
-
-
total
10 106
-
390
-
Employer
33 397
-
-
-
social contributions
47 090
-
6 711
-
total
47 090
-
6 711
-
Corporate
14 514
95 000
-
-
income
3 193
20 900
-
-
total
3 193
20 900
-
-
Dividends
11 321
74 100
-
-
income
2 491
16 302
-
-
total
2 491
16 302
-
-
Income
95 000
95 000
95 000
95 000
Total tax
62 880
37 202
7 101
29 347
After tax
32 120
57 798
87 899
65 653
Living cost
23 292
23 292
23 292
23 292
Free-cash
8 828
34 506
64 607
42 361

Estimated living cost  is ₴23292 per week

₴15112
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2191
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.
₴5692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27232
₴37860
₴34434
₴37340
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 378
social contributions

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

-
-
-
33 012
surtax
-
-
-
-
total
-
-
-
44 390
Employee
23 719
-
76 767
-
surtax
-
-
-
-
social contributions
2 609
-
8 444
-
income
4 934
-
24 915
-
total
7 543
-
33 359
-
Employer
23 719
-
76 767
-
social contributions
5 633
-
18 233
-
total
5 633
-
18 233
-
Corporate
65 648
95 000
-
-
income
13 787
19 950
-
-
surtax
-
-
-
-
total
13 787
19 950
-
-
Dividends
51 861
75 050
-
-
withholding
14 521
21 014
-
-
total
14 521
21 014
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 484
40 964
51 592
44 390
After tax
53 516
54 036
43 408
50 610
Living cost
16 176
16 176
16 176
16 176
Free-cash
37 340
37 860
27 232
34 434

Estimated living cost  is ₴16176 per week

₴12103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴954
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26822
₴22972
₴28558
₴26518
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 191
pensions
-
-
-
16 544
social contributions
-
-
-
2 707
other
-
-
-
2 945
health
-
-
-
4 147
surtax
-
-
-
-
total
-
-
-
41 534
Employee
32 300
-
73 381
-
surtax
-
-
-
-
pensions
3 653
-
5 162
-
social contributions
920
-
2 090
-
income
2 818
-
14 400
-
total
7 391
-
21 652
-
Employer
32 300
-
73 381
-
other
1 115
-
2 887
-
health
2 261
-
6 860
-
unemployment
1 308
-
2 972
-
social contributions
97
-
220
-
pensions
5 307
-
8 679
-
total
10 088
-
21 618
-
Corporate
52 612
95 000
-
-
income
14 731
26 600
-
-
surtax
-
-
-
-
total
14 731
26 600
-
-
Dividends
37 881
68 400
-
-
withholding
4 848
8 755
-
-
surtax
-
-
-
-
social contributions
6 516
11 765
-
-
total
11 364
20 520
-
-
Income
95 000
95 000
95 000
95 000
Total tax
43 574
47 120
43 270
41 534
After tax
51 426
47 880
51 730
53 466
Living cost
24 908
24 908
24 908
24 908
Free-cash
26 518
22 972
26 822
28 558

Estimated living cost  is ₴24908 per week

₴16858
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2038
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴342
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5671
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56844
₴69998
₴54320
₴68265
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 279
social contributions
-
-
-
20 899
total
-
-
-
25 178
Employee
16 580
-
82 251
-
income
-
-
4 559
-
social contributions
1 078
-
5 346
-
total
1 078
-
9 905
-
Employer
16 580
-
82 251
-
social contributions
2 570
-
12 749
-
total
2 570
-
12 749
-
Corporate
75 850
95 000
-
-
income
7 585
9 500
-
-
total
7 585
9 500
-
-
Dividends
68 266
85 500
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
11 233
9 500
22 654
25 178
After tax
83 767
85 500
72 346
69 822
Living cost
15 502
15 502
15 502
15 502
Free-cash
68 265
69 998
56 844
54 320

Estimated living cost  is ₴15502 per week

₴10024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17155
-₴17155
₴30989
-₴17155
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
446
labour market
-
-
-
7 564
municipal
-
-
-
19 917
national
-
-
-
11 293
total
-
-
-
39 220
Employee
104 637
104 637
104 637
-
municipal
22 282
22 282
22 282
-
labour market
8 359
8 359
8 359
-
pensions
149
149
149
-
national
12 783
12 783
12 783
-
total
43 573
43 573
43 573
-
Employer
104 637
104 637
104 637
-
municipal
22 317
22 317
22 317
-
national
12 806
12 806
12 806
-
labour market
8 371
8 371
8 371
-
pensions
297
297
297
-
total
43 791
43 791
43 791
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
87 364
87 364
87 364
39 220
After tax
7 636
7 636
7 636
55 780
Living cost
24 791
24 791
24 791
24 791
Free-cash
-17 155
-17 155
-17 155
30 989

Estimated living cost  is ₴24791 per week

₴16967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2193
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴381
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5249
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40514
-₴3527
₴53707
₴5974
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 465
pensions
-
-
-
2 154
other
-
-
-
192
accident
-
-
-
131
health
-
-
-
1 129
total
-
-
-
30 071
Employee
17 653
-
85 762
-
pensions
1 988
-
3 950
-
health
2 021
-
9 820
-
income
2 422
-
20 257
-
total
6 431
-
34 027
-
Employer
17 653
-
85 762
-
accident
295
-
1 432
-
unemployment
433
-
2 101
-
pensions
2 870
-
5 704
-
total
3 598
-
9 237
-
Corporate
73 749
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.

66 374
85 500
-
-
total
66 374
85 500
-
-
Dividends
7 375
9 500
-
-
withholding
1 401
1 805
-
-
total
1 401
1 805
-
-
Income
95 000
95 000
95 000
95 000
Total tax
77 804
87 305
43 264
30 071
After tax
17 196
7 695
51 736
64 929
Living cost
11 222
11 222
11 222
11 222
Free-cash
5 974
-3 527
40 514
53 707

Estimated living cost  is ₴11222 per week

₴8169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴640
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.
₴2203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29771
₴39470
₴40870
₴40870
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 248
municipal
-
-
-
16 875
national
-
-
-
16 207
total
-
-
-
34 330
Employee
27 133
-
79 919
-
unemployment
407
-
1 199
-
municipal
4 444
-
13 015
-
pensions
1 831
-
5 394
-
health
203
-
1 016
-
national
448
-
9 723
-
total
7 333
-
30 347
-
Employer
27 133
-
79 919
-
accident
27
-
80
-
health
208
-
616
-
unemployment
176
-
520
-
pensions
4 707
-
13 866
-
total
5 118
-
15 082
-
Corporate
62 748
95 000
-
-
income
12 549
19 000
-
-
total
12 549
19 000
-
-
Dividends

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

37 649
57 000
-
-
municipal
6 776
10 260
-
-
national
2 554
6 470
-
-
total
9 330
16 730
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 330
35 730
45 429
34 330
After tax
60 670
59 270
49 571
60 670
Living cost
19 800
19 800
19 800
19 800
Free-cash
40 870
39 470
29 771
40 870

Estimated living cost  is ₴19800 per week

₴12933
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1904
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51961
₴57350
₴52785
₴54544
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 509
social contributions
-
-
-
8 344
health
-
-
-
2 422
total
-
-
-
30 275
Employee
39 656
39 656
88 916
-
social contributions
1 499
3 291
4 439
-
health
307
674
1 512
-
income
4 318
3 671
19 064
-
total
6 124
7 636
25 015
-
Employer
39 656
39 656
88 916
-
health
334
734
1 645
-
social contributions
1 499
3 291
4 439
-
total
1 833
4 025
6 084
-
Corporate
75 102
51 319
-
-
income
9 387
6 415
-
-
total
9 387
6 415
-
-
Dividends
65 715
44 903
-
-
withholding
11 172
7 634
-
-
total
11 172
7 634
-
-
Income
95 000
95 000
95 000
95 000
Total tax
28 516
25 710
31 099
30 275
After tax
66 484
69 290
63 901
64 725
Living cost
11 940
11 940
11 940
11 940
Free-cash
54 544
57 350
51 961
52 785

Estimated living cost  is ₴11940 per week

₴7156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1171
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3349
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61606
₴70482
₴71951
₴67858
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 700
pensions
-
-
-
3 280
unemployment
-
-
-
15
health
-
-
-
1 866
total
-
-
-
14 861
Employee

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

11 837
-
89 960
-
unemployment
59
-
245
-
pensions
1 775
-
7 340
-
health
1 006
-
4 159
-
income
809
-
8 422
-
total
3 649
-
20 166
-
Employer

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

11 837
-
89 960
-
health
509
-
2 104
-
unemployment
59
-
245
-
pensions
651
-
2 691
-
total
1 219
-
5 040
-
Corporate
81 944
95 000
-
-
income
7 375
8 550
-
-
total
7 375
8 550
-
-
Dividends
74 569
86 450
-
-
withholding
6 711
7 780
-
-
total
6 711
7 780
-
-
Income
95 000
95 000
95 000
95 000
Total tax
18 954
16 330
25 206
14 861
After tax
76 046
78 670
69 794
80 139
Living cost
8 188
8 188
8 188
8 188
Free-cash
67 858
70 482
61 606
71 951

Estimated living cost  is ₴8188 per week

₴5224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴590
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.
₴2130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36921
₴49092
₴39085
₴46813
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 392
pensions
-
-
-
13 527
other
-
-
-
48
unemployment
-
-
-
335
accident
-
-
-
431
total
-
-
-
41 733
Employee
19 069
-
79 761
-
unemployment
296
-
741
-
pensions
896
-
2 247
-
other
19
-
48
-
income
3 676
-
25 622
-
total
4 887
-
28 658
-
Employer
19 069
-
79 761
-
accident
378
-
946
-
other
153
-
383
-
unemployment
1 049
-
2 629
-
pensions
4 500
-
11 281
-
total
6 080
-
15 239
-
Corporate
69 851
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.

10 478
14 250
-
-
total
10 478
14 250
-
-
Dividends
59 374
80 750
-
-
withholding
12 560
17 476
-
-
total
12 560
17 476
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 005
31 726
43 897
41 733
After tax
60 995
63 274
51 103
53 267
Living cost
14 182
14 182
14 182
14 182
Free-cash
46 813
49 092
36 921
39 085

Estimated living cost  is ₴14182 per week

₴9572
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1363
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2998
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60229
₴58363
₴60294
₴58211
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
32 635
pensions
-
-
-
669
health
-
-
-
485
total
-
-
-
33 789
Employee
1 396
-
94 248
-
unemployment
14
-
33
-
pensions
126
-
301
-
health
70
-
167
-
income
270
-
32 600
-
total
480
-
33 101
-
Employer
1 396
-
94 248
-
health
133
-
318
-
unemployment
28
-
67
-
pensions
154
-
368
-
total
315
-
753
-
Corporate
93 289
95 000
-
-
income
20 524
20 900
-
-
total
20 524
20 900
-
-
Dividends
72 766
74 100
-
-
withholding
14 553
14 820
-
-
total
14 553
14 820
-
-
Income
95 000
95 000
95 000
95 000
Total tax
35 872
35 720
33 854
33 789
After tax
59 128
59 280
61 146
61 211
Living cost
917
917
917
917
Free-cash
58 211
58 363
60 229
60 294

Estimated living cost  is ₴917 per week

₴545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴74
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴277
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50114
₴59734
₴50114
₴57201
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 599
pensions
-
-
-
9 893
unemployment
-
-
-
571
health
-
-
-
3 919
total
-
-
-
35 982
Employee

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

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

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

13 427
-
88 189
-
unemployment
101
-
285
-
pensions
1 880
-
5 327
-
health
691
-
1 960
-
income
1 851
-
21 599
-
total
4 523
-
29 171
-
Employer

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

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

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

13 427
-
88 189
-
health
691
-
1 960
-
unemployment
101
-
285
-
pensions
1 611
-
4 566
-
total
2 403
-
6 811
-
Corporate
79 169
95 000
-
-
income
11 875
14 250
-
-
total
11 875
14 250
-
-
Dividends
67 294
80 750
-
-
withholding
10 094
12 112
-
-
total
10 094
12 112
-
-
Income
95 000
95 000
95 000
95 000
Total tax
28 895
26 362
35 982
35 982
After tax
66 105
68 638
59 018
59 018
Living cost
8 904
8 904
8 904
8 904
Free-cash
57 201
59 734
50 114
50 114

Estimated living cost  is ₴8904 per week

₴5995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴689
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.
₴1963
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29505
₴40133
₴36707
₴39947
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 378
social contributions

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

-
-
-
33 012
surtax
-
-
-
-
total
-
-
-
44 390
Employee
20 016
-
76 767
-
surtax
-
-
-
-
social contributions
2 202
-
8 444
-
income
3 911
-
24 915
-
total
6 113
-
33 359
-
Employer
20 016
-
76 767
-
social contributions
4 753
-
18 233
-
total
4 753
-
18 233
-
Corporate
70 230
95 000
-
-
income
14 749
19 950
-
-
surtax
-
-
-
-
total
14 749
19 950
-
-
Dividends
55 482
75 050
-
-
withholding
15 535
21 014
-
-
total
15 535
21 014
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 150
40 964
51 592
44 390
After tax
53 850
54 036
43 408
50 610
Living cost
13 903
13 903
13 903
13 903
Free-cash
39 947
40 133
29 505
36 707

Estimated living cost  is ₴13903 per week

₴9847
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴966
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.
₴2844
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32978
₴45149
₴35142
₴41774
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 392
pensions
-
-
-
13 527
other
-
-
-
48
unemployment
-
-
-
335
accident
-
-
-
431
total
-
-
-
41 733
Employee
24 907
-
79 761
-
unemployment
386
-
741
-
pensions
1 170
-
2 247
-
other
24
-
48
-
income
5 202
-
25 622
-
total
6 782
-
28 658
-
Employer
24 907
-
79 761
-
accident
493
-
946
-
other
200
-
383
-
unemployment
1 370
-
2 629
-
pensions
5 878
-
11 281
-
total
7 941
-
15 239
-
Corporate
62 152
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.

9 323
14 250
-
-
total
9 323
14 250
-
-
Dividends
52 830
80 750
-
-
withholding
11 055
17 476
-
-
total
11 055
17 476
-
-
Income
95 000
95 000
95 000
95 000
Total tax
35 101
31 726
43 897
41 733
After tax
59 899
63 274
51 103
53 267
Living cost
18 125
18 125
18 125
18 125
Free-cash
41 774
45 149
32 978
35 142

Estimated living cost  is ₴18125 per week

₴13016
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1409
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3444
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴70649
₴72238
₴66890
₴69054
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 701
unemployment
-
-
-
73
health
-
-
-
2 099
total
-
-
-
19 123
Employee
11 900
-
91 420
-
pensions

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

1 045
-
1 602
-
health
547
-
839
-
accident

We are using the highest rate at 1.1%.

131
-
201
-
income
1 190
-
9 142
-
total
2 913
-
11 784
-
Employer
11 900
-
91 420
-
accident

We are using the highest rate at 1.1%.

131
-
201
-
health
821
-
1 259
-
unemployment
71
-
109
-
pensions

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

1 311
-
2 011
-
total
2 334
-
3 580
-
Corporate
80 765
95 000
-
-
income
8 077
9 500
-
-
total
8 077
9 500
-
-
Dividends
72 688
85 500
-
-
withholding
3 635
4 275
-
-
total
3 635
4 275
-
-
Income
95 000
95 000
95 000
95 000
Total tax
16 959
13 775
15 364
19 123
After tax
78 041
81 225
79 636
75 877
Living cost
8 987
8 987
8 987
8 987
Free-cash
69 054
72 238
70 649
66 890

Estimated living cost  is ₴8987 per week

₴5944
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴515
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2315
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40100
₴28975
₴29908
₴35721
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
29 827
trade
-
-
-
10 192
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.

-
-
-
3 523
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.

-
-
-
1 640
total
-
-
-
45 182
Employee

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

25 660
-
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.

116
-
1 640
-
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.

3 523
-
3 523
-
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.

2 110
-
29 827
-
total
5 749
-
34 990
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 340
95 000
-
-
income
10 401
14 250
-
-
trade
9 950
13 633
-
-
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.

573
784
-
-
chamber of commerce
180
217
-
-
total
21 104
28 884
-
-
Dividends
48 236
66 116
-
-
withholding
11 863
16 333
-
-
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.

653
898
-
-
total
12 516
17 231
-
-
Income
95 000
95 000
95 000
95 000
Total tax
39 369
46 115
34 990
45 182
After tax
55 631
48 885
60 010
49 818
Living cost
19 910
19 910
19 910
19 910
Free-cash
35 721
28 975
40 100
29 908

Estimated living cost  is ₴19910 per week

₴13735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2142
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.
₴3744
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20201
₴37123
₴20201
₴38262
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 476
social contributions
-
-
-
15 946
total
-
-
-
45 422
Employee
40 341
-
95 000
-
income
7 612
-
29 476
-
social contributions
3 351
-
15 946
-
total
10 963
-
45 422
-
Employer
40 341
-
95 000
-
total
-
-
-
-
Corporate
54 659
95 000
-
-
income
6 832
11 875
-
-
total
6 832
11 875
-
-
Dividends
47 827
83 125
-
-
withholding
9 566
16 625
-
-
total
9 566
16 625
-
-
Income
95 000
95 000
95 000
95 000
Total tax
27 361
28 500
45 422
45 422
After tax
67 639
66 500
49 578
49 578
Living cost
29 377
29 377
29 377
29 377
Free-cash
38 262
37 123
20 201
20 201

Estimated living cost  is ₴29377 per week

₴22350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2394
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.
₴4353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48573
₴40304
₴58374
₴42107
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 680
health

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

-
-
-
3 225
total
-
-
-
17 905
Employee
23 658
-
92 628
-
income
2 567
-
22 962
-
social contributions
2 370
-
2 372
-
total
4 937
-
25 334
-
Employer
23 658
-
92 628
-
social contributions
2 370
-
2 372
-
total
2 370
-
2 372
-
Corporate
68 972
95 000
-
-
income
24 140
33 250
-
-
total
24 140
33 250
-
-
Dividends
44 832
61 750
-
-
social contributions
2 725
2 725
-
-
total
2 725
2 725
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 172
35 975
27 706
17 905
After tax
60 828
59 025
67 294
77 095
Living cost
18 721
18 721
18 721
18 721
Free-cash
42 107
40 304
48 573
58 374

Estimated living cost  is ₴18721 per week

₴12331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4626
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34866
₴42518
₴43445
₴45592
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 527
pensions
-
-
-
4 742
total
-
-
-
32 269
Employee
26 473
-
82 956
-
pensions
2 021
-
5 807
-
health
345
-
1 189
-
income
4 821
-
21 807
-
total
7 187
-
28 803
-
Employer
26 473
-
82 956
-
health
503
-
1 576
-
pensions
2 675
-
10 469
-
total
3 178
-
12 045
-
Corporate
65 349
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.

12 416
18 050
-
-
total
12 416
18 050
-
-
Dividends
52 933
76 950
-
-
withholding
7 341
15 146
-
-
total
7 341
15 146
-
-
Income
95 000
95 000
95 000
95 000
Total tax
30 122
33 196
40 848
32 269
After tax
64 878
61 804
54 152
62 731
Living cost
19 286
19 286
19 286
19 286
Free-cash
45 592
42 518
34 866
43 445

Estimated living cost  is ₴19286 per week

₴13230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴39403
-₴4638
₴52596
₴5804
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 465
pensions
-
-
-
2 154
other
-
-
-
192
accident
-
-
-
131
health
-
-
-
1 129
total
-
-
-
30 071
Employee
19 401
-
85 762
-
pensions
2 185
-
3 950
-
health
2 221
-
9 820
-
income
2 662
-
20 257
-
total
7 068
-
34 027
-
Employer
19 401
-
85 762
-
accident
324
-
1 432
-
unemployment
475
-
2 101
-
pensions
3 154
-
5 704
-
total
3 953
-
9 237
-
Corporate
71 645
95 000
-
-
income

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

64 481
85 500
-
-
total
64 481
85 500
-
-
Dividends
7 165
9 500
-
-
withholding
1 361
1 805
-
-
total
1 361
1 805
-
-
Income
95 000
95 000
95 000
95 000
Total tax
76 863
87 305
43 264
30 071
After tax
18 137
7 695
51 736
64 929
Living cost
12 333
12 333
12 333
12 333
Free-cash
5 804
-4 638
39 403
52 596

Estimated living cost  is ₴12333 per week

₴9051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴719
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2315
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60999
₴72990
₴49679
₴70582
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 729
pensions
-
-
-
15 147
unemployment
-
-
-
988
health insurance
-
-
-
6 092
work injury
-
-
-
412
total
-
-
-
38 368
Employee

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

11 125
-
95 000
-
unemployment
133
-
494
-
work injury
56
-
206
-
pensions
2 047
-
7 573
-
health insurance
823
-
3 046
-
income
1 112
-
15 729
-
total
4 171
-
27 048
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
83 875
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%.

839
950
-
-
total
839
950
-
-
Dividends
83 037
94 050
-
-
withholding
12 455
14 107
-
-
total
12 455
14 107
-
-
Income
95 000
95 000
95 000
95 000
Total tax
17 465
15 057
27 048
38 368
After tax
77 535
79 943
67 952
56 632
Living cost
6 953
6 953
6 953
6 953
Free-cash
70 582
72 990
60 999
49 679

Estimated living cost  is ₴6953 per week

₴4307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴505
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1923
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19319
₴29494
₴23490
₴27149
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
2 180
social contributions
-
-
-
24 434
municipal
-
-
-
635
national
-
-
-
23 716
total
-
-
-
50 965
Employee
43 457
-
95 000
-
municipal
259
-
567
-
social contributions
14 654
-
32 034
-
regional
656
-
1 935
-
national
7 344
-
20 600
-
total
22 913
-
55 136
-
Employer
43 457
-
95 000
-
total
-
-
-
-
Corporate
51 543
95 000
-
-
nationa
12 370
22 800
-
-
municipal
2 484
4 579
-
-
total
14 854
27 379
-
-
Dividends
36 688
67 621
-
-
withholding
9 539
17 582
-
-
total
9 539
17 582
-
-
Income
95 000
95 000
95 000
95 000
Total tax
47 306
44 961
55 136
50 965
After tax
47 694
50 039
39 864
44 035
Living cost
20 545
20 545
20 545
20 545
Free-cash
27 149
29 494
19 319
23 490

Estimated living cost  is ₴20545 per week

₴14431
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4389
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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