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
₴34909
₴39647
₴34006
₴45832
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
11 826
income

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

-
-
-
31 534
health

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

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

-
-
-
2 926
surtax

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

-
-
-
1 735
total
-
-
-
48 021
Employee

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

16 382
-
95 000
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
1 735
-
income

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

458
-
31 534
-
total
3 409
-
36 195
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
78 618
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.

649
784
-
-
income
11 793
14 250
-
-
trade
12 382
14 963
-
-
chamber of commerce
178
202
-
-
total
25 002
30 199
-
-
Dividends
53 616
64 802
-
-
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.

728
882
-
-
withholding
13 241
16 037
-
-
total
13 969
16 919
-
-
Income
95 000
95 000
95 000
95 000
Total tax
42 380
47 118
36 195
48 021
After tax
52 620
47 882
58 805
46 979
Living cost
12 973
12 973
12 973
12 973
Free-cash
39 647
34 909
45 832
34 006

Estimated living cost  is ₴12973 per week

₴8161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
₴37637
₴37276
₴32551
₴33061
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
municipal
-
-
-
10 547
pensions
-
-
-
11 400
national
-
-
-
17 838
social contributions
-
-
-
1 021
total
-
-
-
40 806
Employee
33 550
-
82 127
-
municipal
4 144
-
10 915
-
pensions
1 342
-
3 285
-
national
6 422
-
18 643
-
total
11 908
-
32 843
-
Employer
33 550
-
82 127
-
social contributions
361
-
883
-
pensions
2 684
-
6 570
-
total
3 045
-
7 453
-
Corporate
56 190
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%.

11 238
19 000
-
-
total
11 238
19 000
-
-
Dividends
44 952
76 000
-
-
withholding
9 890
16 720
-
-
total
9 890
16 720
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 081
35 720
40 296
40 806
After tax
58 919
59 280
54 704
54 194
Living cost
21 643
21 643
21 643
21 643
Free-cash
37 276
37 637
33 061
32 551

Estimated living cost  is ₴21643 per week

₴14710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67089
₴63575
₴25552
₴32320
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
19 901
surtax
-
-
-
24 225
social contributions

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

-
-
-
16 411
total
-
-
-
60 537
Employee
12 515
-
74 508
-
social contributions

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

1 377
-
5 615
-
surtax
-
-
10 804
-
income
2 228
-
16 857
-
total
3 605
-
33 276
-
Employer
12 515
-
74 508
-
social contributions

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

3 015
-
12 297
-
surtax
-
-
8 196
-
total
3 015
-
20 493
-
Corporate
79 470
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%.

15 894
19 000
-
-
total
15 894
19 000
-
-
Dividends

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

63 576
76 000
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
22 514
19 000
53 769
60 537
After tax
72 486
76 000
41 231
34 463
Living cost
8 911
8 911
8 911
8 911
Free-cash
63 575
67 089
32 320
25 552

Estimated living cost  is ₴8911 per week

₴5685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴29383
₴26758
₴33144
₴42817
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
33 613
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
43 913
Employee
36 576
36 576
87 040
-
health
5 614
4 775
5 282
-
income

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

5 987
5 987
15 981
-
pensions
6 584
5 018
5 018
-
total
18 185
15 780
26 281
-
Employer
36 576
36 576
87 040
-
unemployment
1 317
1 317
1 636
-
pensions
2 546
2 546
3 164
-
health
2 542
2 542
3 159
-
total
6 405
6 405
7 959
-
Corporate
52 468
52 019
-
-
income
10 493
10 404
-
-
total
10 493
10 404
-
-
Dividends
41 974
41 615
-
-
income
8 920
8 843
-
-
withholding
6 296
6 242
-
-
total
15 216
15 085
-
-
Income
95 000
95 000
95 000
95 000
Total tax
50 299
47 674
34 240
43 913
After tax
44 701
47 326
60 760
51 087
Living cost
17 943
17 943
17 943
17 943
Free-cash
26 758
29 383
42 817
33 144

Estimated living cost  is ₴17943 per week

₴12716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴35322
₴34950
₴30880
₴30478
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
municipal
-
-
-
25 196
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
11 869
total
-
-
-
47 572
Employee
23 580
-
83 605
-
municipal
7 032
-
24 931
-
national
-
-
11 647
-
total
7 032
-
36 578
-
Employer
23 580
-
83 605
-
accident
47
-
73
-
other
2 740
-
4 214
-
unemployment
622
-
957
-
pensions
2 549
-
3 921
-
health
1 450
-
2 231
-
total
7 408
-
11 396
-
Corporate
64 011
95 000
-
-
income
14 083
20 900
-
-
total
14 083
20 900
-
-
Dividends
49 929
74 100
-
-
withholding
14 979
22 230
-
-
total
14 979
22 230
-
-
Income
95 000
95 000
95 000
95 000
Total tax
43 502
43 130
47 974
47 572
After tax
51 498
51 870
47 026
47 428
Living cost
16 548
16 548
16 548
16 548
Free-cash
34 950
35 322
30 478
30 880

Estimated living cost  is ₴16548 per week

₴10968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴30567
₴36586
₴29628
₴41979
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
12 351
income

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

-
-
-
31 534
health

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

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

-
-
-
2 926
surtax

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

-
-
-
1 735
total
-
-
-
48 546
Employee

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

21 721
-
95 000
-
health

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

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

2 926
-
2 926
-
surtax

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

102
-
1 735
-
income

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

1 866
-
31 534
-
total
4 894
-
36 195
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
73 279
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.

605
784
-
-
income
10 992
14 250
-
-
trade
12 055
15 628
-
-
chamber of commerce
169
200
-
-
total
23 821
30 862
-
-
Dividends
49 459
64 139
-
-
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.

671
873
-
-
withholding
12 202
15 872
-
-
total
12 873
16 745
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 588
47 607
36 195
48 546
After tax
53 412
47 393
58 805
46 454
Living cost
16 826
16 826
16 826
16 826
Free-cash
36 586
30 567
41 979
29 628

Estimated living cost  is ₴16826 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
₴55348
₴53573
₴50061
₴49278
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 695
health
-
-
-
2 422
social contributions
-
-
-
6 930
total
-
-
-
31 047
Employee
32 935
32 935
89 654
-
social contributions
1 600
2 733
3 687
-
health
328
560
1 524
-
income
3 458
3 049
21 273
-
total
5 386
6 342
26 484
-
Employer
32 935
32 935
89 654
-
social contributions
1 600
2 733
3 687
-
health
357
610
1 659
-
total
1 957
3 343
5 346
-
Corporate
73 764
58 722
-
-
income
9 220
7 340
-
-
total
9 220
7 340
-
-
Dividends
64 544
51 381
-
-
withholding
10 972
8 735
-
-
total
10 972
8 735
-
-
Income
95 000
95 000
95 000
95 000
Total tax
27 535
25 760
31 830
31 047
After tax
67 465
69 240
63 170
63 953
Living cost
13 892
13 892
13 892
13 892
Free-cash
53 573
55 348
49 278
50 061

Estimated living cost  is ₴13892 per week

₴9497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴45541
₴45705
₴58028
₴47289
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

11 234
4 471
79 498
-
health
786
313
5 565
-
income
1 373
547
9 719
-
pensions
1 123
447
7 950
-
unemployment
169
67
1 192
-
total
3 451
1 374
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.

11 234
4 471
79 498
-
pensions
2 191
872
15 502
-
total
2 191
872
15 502
-
Corporate
81 575
89 657
-
-
income
7 342
8 069
-
-
total
7 342
8 069
-
-
Dividends
74 233
81 588
-
-
social contributions
14 424
15 859
-
-
withholding
14 104
15 502
-
-
total
28 528
31 361
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 512
41 676
39 928
29 189
After tax
53 488
53 324
55 072
65 811
Living cost
7 783
7 783
7 783
7 783
Free-cash
45 705
45 541
47 289
58 028

Estimated living cost  is ₴7783 per week

₴5311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴65655
₴62995
₴40575
₴44412
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
12 730
pensions
-
-
-
19 000
health
-
-
-
12 350
total
-
-
-
44 080
Employee
12 151
-
71 001
-
income
1 368
-
13 689
-
pensions
243
-
1 420
-
unemployment
194
-
1 136
-
total
1 805
-
16 245
-
Employer
12 151
-
71 001
-
unemployment
98
-
568
-
pensions
2 430
-
14 200
-
health
1 579
-
9 230
-
total
4 107
-
23 998
-
Corporate
78 742
95 000
-
-
income
15 748
19 000
-
-
total
15 748
19 000
-
-
Dividends
62 994
76 000
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
21 660
19 000
40 243
44 080
After tax
73 340
76 000
54 757
50 920
Living cost
10 345
10 345
10 345
10 345
Free-cash
62 995
65 655
44 412
40 575

Estimated living cost  is ₴10345 per week

₴7096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴1671
₴6259
₴55504
₴42938
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
accident
-
-
-
108
income
-
-
-
27 165
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
30 130
Employee
14 734
-
86 736
-
health
1 687
-
9 931
-
income
2 021
-
21 252
-
pensions
1 659
-
3 248
-
total
5 367
-
34 431
-
Employer
14 734
-
86 736
-
accident
246
-
1 449
-
unemployment
361
-
2 125
-
pensions
2 396
-
4 691
-
total
3 003
-
8 265
-
Corporate
77 263
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.

69 537
85 500
-
-
total
69 537
85 500
-
-
Dividends
7 726
9 500
-
-
withholding
1 468
1 805
-
-
total
1 468
1 805
-
-
Income
95 000
95 000
95 000
95 000
Total tax
79 375
87 305
42 696
30 130
After tax
15 625
7 695
52 304
64 870
Living cost
9 366
9 366
9 366
9 366
Free-cash
6 259
-1 671
42 938
55 504

Estimated living cost  is ₴9366 per week

₴6865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴195
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴86397
₴85675
₴90197
₴72147
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 817
-
95 000
-
income
963
-
19 000
-
total
963
-
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%.

90 183
95 000
-
-
total
-
-
-
-
Dividends
90 183
95 000
-
-
withholding
4 509
4 750
-
-
total
4 509
4 750
-
-
Income
95 000
95 000
95 000
95 000
Total tax
5 472
4 750
19 000
950
After tax
89 528
90 250
76 000
94 050
Living cost
3 853
3 853
3 853
3 853
Free-cash
85 675
86 397
72 147
90 197

Estimated living cost  is ₴3853 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
₴58384
₴55492
₴45455
₴44669
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 540
pensions

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

-
-
-
15 632
other
-
-
-
3 094
health
-
-
-
2 866
total
-
-
-
38 132
Employee
15 552
-
78 481
-
health
218
-
912
-
income
2 677
-
16 277
-
pensions

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

1 088
-
4 559
-
unemployment
155
-
651
-
total
4 138
-
22 399
-
Employer
15 552
-
78 481
-
accident
124
-
627
-
other
778
-
3 256
-
unemployment
155
-
651
-
pensions

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

2 644
-
11 073
-
health
218
-
912
-
total
3 919
-
16 519
-
Corporate
75 529
95 000
-
-
income
15 861
19 950
-
-
total
15 861
19 950
-
-
Dividends
59 668
75 050
-
-
withholding
4 177
5 253
-
-
total
4 177
5 253
-
-
Income
95 000
95 000
95 000
95 000
Total tax
28 095
25 203
38 918
38 132
After tax
66 905
69 797
56 082
56 868
Living cost
11 413
11 413
11 413
11 413
Free-cash
55 492
58 384
44 669
45 455

Estimated living cost  is ₴11413 per week

₴8064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31361
₴34822
₴32803
₴24310
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 199
pensions
-
-
-
4 253
total
-
-
-
33 452
Employee
40 669
-
82 809
-
health
670
-
1 126
-
income
7 331
-
23 538
-
pensions
3 923
-
5 090
-
total
11 924
-
29 754
-
Employer
40 669
-
82 809
-
pensions
4 802
-
10 618
-
health
772
-
1 573
-
total
5 574
-
12 191
-
Corporate
48 756
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.

9 264
18 050
-
-
total
9 264
18 050
-
-
Dividends
39 492
76 950
-
-
withholding
4 671
16 844
-
-
total
4 671
16 844
-
-
Income
95 000
95 000
95 000
95 000
Total tax
31 433
34 894
41 945
33 452
After tax
63 567
60 106
53 055
61 548
Living cost
28 745
28 745
28 745
28 745
Free-cash
34 822
31 361
24 310
32 803

Estimated living cost  is ₴28745 per week

₴21539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
₴75606
₴73616
₴71133
₴75069
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
18 248
Employee
7 440
-
92 063
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
9 206
-
pensions

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

653
-
1 314
-
total
1 821
-
11 374
-
Employer
7 440
-
92 063
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
86 100
95 000
-
-
income
8 610
9 500
-
-
total
8 610
9 500
-
-
Dividends
77 490
85 500
-
-
withholding
3 874
4 275
-
-
total
3 874
4 275
-
-
Income
95 000
95 000
95 000
95 000
Total tax
15 765
13 775
14 312
18 248
After tax
79 235
81 225
80 688
76 752
Living cost
5 619
5 619
5 619
5 619
Free-cash
73 616
75 606
75 069
71 133

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴23575
₴24653
₴27336
₴37009
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
33 613
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
43 913
Employee
39 710
36 576
87 040
-
health
4 954
4 775
5 282
-
income

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

5 987
5 987
15 981
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
26 281
-
Employer
39 710
36 576
87 040
-
unemployment
1 430
1 317
1 636
-
pensions
2 764
2 546
3 164
-
health
2 759
2 542
3 159
-
total
6 953
6 405
7 959
-
Corporate
48 337
52 019
-
-
income
9 667
10 404
-
-
total
9 667
10 404
-
-
Dividends
38 670
41 615
-
-
income
8 217
8 843
-
-
withholding
5 800
6 242
-
-
total
14 017
15 085
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 596
47 674
34 240
43 913
After tax
48 404
47 326
60 760
51 087
Living cost
23 751
23 751
23 751
23 751
Free-cash
24 653
23 575
37 009
27 336

Estimated living cost  is ₴23751 per week

₴17520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴55150
₴51490
₴45864
₴41698
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 112
health
-
-
-
12 825
solidarity contribution
-
-
-
1 180
social contributions
-
-
-
14 761
total
-
-
-
38 878
Employee
15 086
-
75 562
-
social contributions
981
-
3 286
-
health
2 037
-
10 201
-
solidarity contribution
-
-
807
-
income
1 810
-
9 311
-
total
4 828
-
23 605
-
Employer
15 086
-
75 562
-
social contributions
3 771
-
12 638
-
health
1 358
-
6 801
-
total
5 129
-
19 439
-
Corporate
74 785
95 000
-
-
income
14 209
18 050
-
-
total
14 209
18 050
-
-
Dividends
60 576
76 950
-
-
withholding
9 086
11 542
-
-
total
9 086
11 542
-
-
Income
95 000
95 000
95 000
95 000
Total tax
33 252
29 592
43 044
38 878
After tax
61 748
65 408
51 956
56 122
Living cost
10 258
10 258
10 258
10 258
Free-cash
51 490
55 150
41 698
45 864

Estimated living cost  is ₴10258 per week

₴7125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴32613
₴30376
₴27627
₴23995
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
municipal
-
-
-
588
regional
-
-
-
1 195
national
-
-
-
26 080
social contributions
-
-
-
21 437
total
-
-
-
49 300
Employee
38 066
-
95 000
-
social contributions
12 836
-
28 104
-
regional
359
-
1 079
-
municipal
202
-
535
-
national
6 596
-
23 214
-
total
19 993
-
52 932
-
Employer
38 066
-
95 000
-
total
-
-
-
-
Corporate
56 934
95 000
-
-
nationa
13 664
22 800
-
-
municipal
2 221
3 705
-
-
total
15 885
26 505
-
-
Dividends
41 050
68 495
-
-
withholding
10 673
17 809
-
-
total
10 673
17 809
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 551
44 314
52 932
49 300
After tax
48 449
50 686
42 068
45 700
Living cost
18 073
18 073
18 073
18 073
Free-cash
30 376
32 613
23 995
27 627

Estimated living cost  is ₴18073 per week

₴12598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴50304
₴48971
₴35246
₴32627
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 720
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
4 994
total
-
-
-
50 303
Employee
14 164
-
82 967
-
other
-
-
-
-
health
362
-
1 457
-
surtax
46
-
4 482
-
income
2 374
-
27 158
-
pensions
944
-
3 813
-
unemployment
986
-
3 979
-
total
4 712
-
40 889
-
Employer
14 164
-
82 967
-
other
-
-
-
-
unemployment
449
-
1 812
-
pensions
1 888
-
7 620
-
health
645
-
2 601
-
total
2 982
-
12 033
-
Corporate
77 855
95 000
-
-
income
20 242
24 700
-
-
total
20 242
24 700
-
-
Dividends
57 613
70 300
-
-
withholding
8 642
10 545
-
-
total
8 642
10 545
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 578
35 245
52 922
50 303
After tax
58 422
59 755
42 078
44 697
Living cost
9 451
9 451
9 451
9 451
Free-cash
48 971
50 304
32 627
35 246

Estimated living cost  is ₴9451 per week

₴5779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴40468
₴43306
₴41910
₴33417
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 199
pensions
-
-
-
4 253
total
-
-
-
33 452
Employee
27 256
-
82 809
-
health
396
-
1 126
-
income
4 909
-
23 538
-
pensions
2 313
-
5 090
-
total
7 618
-
29 754
-
Employer
27 256
-
82 809
-
pensions
2 950
-
10 618
-
health
518
-
1 573
-
total
3 468
-
12 191
-
Corporate
64 276
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.

12 213
18 050
-
-
total
12 213
18 050
-
-
Dividends
52 064
76 950
-
-
withholding
8 757
16 844
-
-
total
8 757
16 844
-
-
Income
95 000
95 000
95 000
95 000
Total tax
32 056
34 894
41 945
33 452
After tax
62 944
60 106
53 055
61 548
Living cost
19 638
19 638
19 638
19 638
Free-cash
43 306
40 468
33 417
41 910

Estimated living cost  is ₴19638 per week

₴14712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴11070
₴24920
₴42992
₴39528
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
1 001
pensions
-
-
-
8 740
other

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

-
-
-
1 900
regional
-
-
-
5 325
health
-
-
-
214
national
-
-
-
2 456
total
-
-
-
19 636
Employee
37 883
-
85 506
-
city
407
-
925
-
regional
1 240
-
4 747
-
health
86
-
192
-
pensions
3 183
-
6 651
-
unemployment
-
-
-
-
national
179
-
2 032
-
total
5 095
-
14 547
-
Employer
37 883
-
85 506
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

757
-
1 710
-
unemployment
-
-
-
-
pensions
3 183
-
6 651
-
health
86
-
192
-
total
4 026
-
8 553
-
Corporate
52 674
95 000
-
-
regional
11 140
20 092
-
-
national
4 477
8 075
-
-
total
15 617
28 167
-
-
Dividends
37 057
66 833
-
-
withholding
12 970
23 391
-
-
total
12 970
23 391
-
-
Income
95 000
95 000
95 000
95 000
Total tax
37 708
51 558
23 100
19 636
After tax
57 292
43 442
71 900
75 364
Living cost
32 372
32 372
32 372
32 372
Free-cash
24 920
11 070
39 528
42 992

Estimated living cost  is ₴32372 per week

₴21051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
₴27283
₴34229
₴26307
₴39184
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
12 877
income

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

-
-
-
31 534
health

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

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

-
-
-
2 926
surtax

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

-
-
-
1 735
total
-
-
-
49 072
Employee

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

25 741
-
95 000
-
health

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

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

2 926
-
2 926
-
surtax

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

167
-
1 735
-
income

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

3 027
-
31 534
-
total
6 120
-
36 195
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 259
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.

571
784
-
-
income
10 389
14 250
-
-
trade
11 878
16 293
-
-
chamber of commerce
163
199
-
-
total
23 001
31 526
-
-
Dividends
46 258
63 475
-
-
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.

627
864
-
-
withholding
11 402
15 706
-
-
total
12 029
16 570
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 150
48 096
36 195
49 072
After tax
53 850
46 904
58 805
45 928
Living cost
19 621
19 621
19 621
19 621
Free-cash
34 229
27 283
39 184
26 307

Estimated living cost  is ₴19621 per week

₴14331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
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.
₴3467
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33225
₴35757
₴37450
₴34752
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 542
pensions
-
-
-
15 075
other
-
-
-
2 945
health
-
-
-
4 627
surtax
-
-
-
-
social contributions
-
-
-
2 707
total
-
-
-
42 896
Employee
18 331
-
72 522
-
social contributions
523
-
2 066
-
surtax
-
-
-
-
income
1 082
-
15 591
-
pensions
2 073
-
5 459
-
total
3 678
-
23 116
-
Employer
18 331
-
72 522
-
other
632
-
3 006
-
social contributions
55
-
218
-
unemployment
742
-
2 937
-
pensions
3 011
-
9 115
-
health
1 283
-
7 202
-
total
5 723
-
22 478
-
Corporate
70 944
95 000
-
-
surtax
-
-
-
-
income
19 864
26 600
-
-
total
19 864
26 600
-
-
Dividends
51 080
68 400
-
-
surtax
-
-
-
-
social contributions
8 786
11 765
-
-
withholding
6 538
8 756
-
-
total
15 324
20 521
-
-
Income
95 000
95 000
95 000
95 000
Total tax
44 589
47 121
45 594
42 896
After tax
50 411
47 879
49 406
52 104
Living cost
14 654
14 654
14 654
14 654
Free-cash
35 757
33 225
34 752
37 450

Estimated living cost  is ₴14654 per week

₴9240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴34677
₴37056
₴38902
₴36204
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 542
pensions
-
-
-
15 075
other
-
-
-
2 945
health
-
-
-
4 627
surtax
-
-
-
-
social contributions
-
-
-
2 707
total
-
-
-
42 896
Employee
16 363
-
72 522
-
social contributions
467
-
2 066
-
surtax
-
-
-
-
income
844
-
15 591
-
pensions
1 851
-
5 459
-
total
3 162
-
23 116
-
Employer
16 363
-
72 522
-
other
565
-
3 006
-
social contributions
49
-
218
-
unemployment
662
-
2 937
-
pensions
2 689
-
9 115
-
health
1 145
-
7 202
-
total
5 110
-
22 478
-
Corporate
73 527
95 000
-
-
surtax
-
-
-
-
income
20 588
26 600
-
-
total
20 588
26 600
-
-
Dividends
52 939
68 400
-
-
surtax
-
-
-
-
social contributions
9 106
11 765
-
-
withholding
6 776
8 756
-
-
total
15 882
20 521
-
-
Income
95 000
95 000
95 000
95 000
Total tax
44 742
47 121
45 594
42 896
After tax
50 258
47 879
49 406
52 104
Living cost
13 202
13 202
13 202
13 202
Free-cash
37 056
34 677
36 204
38 902

Estimated living cost  is ₴13202 per week

₴7657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴48877
₴49100
₴51927
₴49393
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 631
social contributions
-
-
-
13 110
total
-
-
-
33 991
Employee
14 522
-
95 000
-
social contributions
2 004
-
13 110
-
health
1 014
-
6 631
-
income
2 422
-
16 784
-
total
5 440
-
36 525
-
Employer
14 522
-
95 000
-
total
-
-
-
-
Corporate
80 478
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%.

4 024
4 750
-
-
total
4 024
4 750
-
-
Dividends
76 453
90 250
-
-
health
5 336
6 299
-
-
social contributions
10 550
12 455
-
-
withholding
11 468
13 537
-
-
total
27 354
32 291
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 818
37 041
36 525
33 991
After tax
58 182
57 959
58 475
61 009
Living cost
9 082
9 082
9 082
9 082
Free-cash
49 100
48 877
49 393
51 927

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴37283
₴36622
₴33597
₴9829
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
380
income
-
-
-
30 135
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
85
total
-
-
-
46 311
Employee
21 405
17 069
78 442
-
other
214
171
501
-
health
828
661
1 936
-
income
2 437
1 259
25 255
-
pensions
2 192
1 748
5 124
-
unemployment
642
512
1 501
-
total
6 313
4 351
34 317
-
Employer
21 405
17 069
78 442
-
accident
278
222
650
-
other
1 017
810
3 484
-
chamber of commerce
85
68
314
-
unemployment
642
512
1 501
-
surtax
85
85
85
-
pensions
2 686
2 143
6 280
-
payroll
642
512
2 353
-
health
809
645
1 891
-
total
6 244
4 997
16 558
-
Corporate
67 351
72 934
76 816
-
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.

16 838
18 234
19 204
-
total
16 838
18 234
19 204
-
Dividends
50 513
54 700
-
-
withholding
13 891
15 043
-
-
total
13 891
15 043
-
-
Income
95 000
95 000
95 000
95 000
Total tax
43 286
42 625
70 079
46 311
After tax
51 714
52 375
24 921
48 689
Living cost
15 092
15 092
15 092
15 092
Free-cash
36 622
37 283
9 829
33 597

Estimated living cost  is ₴15092 per week

₴10066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
₴36591
₴31049
₴25695
₴16739
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
37 950
communal

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

-
-
-
5 059
social contributions
-
-
-
10 679
total
-
-
-
53 688
Employee

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

30 637
-
73 580
-
communal

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

1 598
-
3 838
-
health

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

1 439
-
3 458
-
pensions

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

2 298
-
5 518
-
unemployment

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

267
-
640
-
national
9 419
-
27 770
-
total
15 021
-
41 224
-
Employer

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

30 637
-
73 580
-
accident

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

398
-
957
-
unemployment

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

447
-
1 075
-
surtax
3 474
-
8 344
-
pensions

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

2 715
-
6 519
-
health

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

1 884
-
4 525
-
total
8 918
-
21 420
-
Corporate
55 444
95 000
-
-
surtax
222
405
-
-
income
11 089
20 235
-
-
total
11 311
20 640
-
-
Dividends
44 133
74 360
-
-
withholding

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

13 084
22 152
-
-
total
13 084
22 152
-
-
Income
95 000
95 000
95 000
95 000
Total tax
48 334
42 792
62 644
53 688
After tax
46 666
52 208
32 356
41 312
Living cost
15 617
15 617
15 617
15 617
Free-cash
31 049
36 591
16 739
25 695

Estimated living cost  is ₴15617 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴47620
₴44687
₴37626
₴35830
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
accident
-
-
-
358
income
-
-
-
29 995
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
41 906
Employee
21 320
-
82 344
-
other
21
-
40
-
income
4 498
-
28 525
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 852
-
31 046
-
Employer
21 320
-
82 344
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
66 884
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.

10 032
14 250
-
-
total
10 032
14 250
-
-
Dividends
56 851
80 750
-
-
withholding
12 165
17 662
-
-
total
12 165
17 662
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 845
31 912
43 702
41 906
After tax
60 155
63 088
51 298
53 094
Living cost
15 468
15 468
15 468
15 468
Free-cash
44 687
47 620
35 830
37 626

Estimated living cost  is ₴15468 per week

₴11391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴30637
₴24753
₴21503
₴25291
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
accident
-
-
-
801
income
-
-
-
17 792
pensions
-
-
-
14 240
health
-
-
-
6 675
surtax
-
-
-
4 709
communal
-
-
-
6 004
total
-
-
-
50 221
Employee
32 436
-
84 859
-
health
1 444
-
3 776
-
surtax
1 988
-
5 200
-
income
3 133
-
20 527
-
pensions
2 594
-
6 789
-
total
9 159
-
36 292
-
Employer
32 436
-
84 859
-
accident
292
-
764
-
pensions
2 594
-
6 789
-
health
989
-
2 588
-
total
3 875
-
10 141
-
Corporate
58 689
95 000
-
-
surtax
616
997
-
-
communal
3 962
6 412
-
-
income
8 803
14 250
-
-
total
13 381
21 659
-
-
Dividends
45 308
73 340
-
-
income
13 760
8 427
-
-
withholding
6 796
11 001
-
-
total
20 556
19 428
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 971
41 087
46 433
50 221
After tax
48 029
53 913
48 567
44 779
Living cost
23 276
23 276
23 276
23 276
Free-cash
24 753
30 637
25 291
21 503

Estimated living cost  is ₴23276 per week

₴17461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴50135
₴48773
₴35077
₴32458
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 720
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
4 994
total
-
-
-
50 303
Employee
14 424
-
82 967
-
other
-
-
-
-
health
368
-
1 457
-
surtax
51
-
4 482
-
income
2 418
-
27 158
-
pensions
962
-
3 813
-
unemployment
1 004
-
3 979
-
total
4 803
-
40 889
-
Employer
14 424
-
82 967
-
other
-
-
-
-
unemployment
458
-
1 812
-
pensions
1 923
-
7 620
-
health
656
-
2 601
-
total
3 037
-
12 033
-
Corporate
77 539
95 000
-
-
income
20 160
24 700
-
-
total
20 160
24 700
-
-
Dividends
57 379
70 300
-
-
withholding
8 607
10 545
-
-
total
8 607
10 545
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 607
35 245
52 922
50 303
After tax
58 393
59 755
42 078
44 697
Living cost
9 620
9 620
9 620
9 620
Free-cash
48 773
50 135
32 458
35 077

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴38396
₴37444
₴33863
₴30251
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
municipal
-
-
-
588
regional
-
-
-
1 494
national
-
-
-
26 080
social contributions
-
-
-
21 437
total
-
-
-
49 599
Employee
23 759
-
95 000
-
social contributions
8 012
-
28 104
-
regional
320
-
1 358
-
municipal
126
-
535
-
national
3 764
-
23 214
-
total
12 222
-
53 211
-
Employer
23 759
-
95 000
-
total
-
-
-
-
Corporate
71 241
95 000
-
-
nationa
17 098
22 800
-
-
municipal
3 541
4 722
-
-
total
20 639
27 522
-
-
Dividends
50 602
67 478
-
-
withholding
13 157
17 544
-
-
total
13 157
17 544
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 018
45 066
53 211
49 599
After tax
48 982
49 934
41 789
45 401
Living cost
11 538
11 538
11 538
11 538
Free-cash
37 444
38 396
30 251
33 863

Estimated living cost  is ₴11538 per week

₴7175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴52767
₴48257
₴43481
₴39315
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 112
health
-
-
-
12 825
solidarity contribution
-
-
-
1 180
social contributions
-
-
-
14 761
total
-
-
-
38 878
Employee
18 589
-
75 562
-
social contributions
1 208
-
3 286
-
health
2 510
-
10 201
-
solidarity contribution
-
-
807
-
income
2 231
-
9 311
-
total
5 949
-
23 605
-
Employer
18 589
-
75 562
-
social contributions
4 647
-
12 638
-
health
1 673
-
6 801
-
total
6 320
-
19 439
-
Corporate
70 090
95 000
-
-
income
13 317
18 050
-
-
total
13 317
18 050
-
-
Dividends
56 773
76 950
-
-
withholding
8 516
11 542
-
-
total
8 516
11 542
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 102
29 592
43 044
38 878
After tax
60 898
65 408
51 956
56 122
Living cost
12 641
12 641
12 641
12 641
Free-cash
48 257
52 767
39 315
43 481

Estimated living cost  is ₴12641 per week

₴9400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴38757
₴38545
₴35109
₴11275
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
380
income
-
-
-
30 135
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
-
total
-
-
-
46 226
Employee
18 723
17 069
78 520
-
other
187
171
501
-
health
724
661
1 936
-
income
1 668
1 259
25 294
-
pensions
1 917
1 748
5 124
-
unemployment
562
512
1 501
-
total
5 058
4 351
34 356
-
Employer
18 723
17 069
78 520
-
accident
243
222
650
-
other
889
810
3 488
-
chamber of commerce
75
68
314
-
unemployment
562
512
1 501
-
surtax
-
-
-
-
pensions
2 350
2 143
6 280
-
payroll
562
512
2 356
-
health
708
645
1 891
-
total
5 389
4 912
16 480
-
Corporate
70 889
73 019
76 895
-
income

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

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

17 722
18 255
19 224
-
total
17 722
18 255
19 224
-
Dividends
53 167
54 764
-
-
withholding
14 621
15 060
-
-
total
14 621
15 060
-
-
Income
95 000
95 000
95 000
95 000
Total tax
42 790
42 578
70 060
46 226
After tax
52 210
52 422
24 940
48 774
Living cost
13 665
13 665
13 665
13 665
Free-cash
38 545
38 757
11 275
35 109

Estimated living cost  is ₴13665 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₴84245
₴83119
₴88045
₴69995
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
95 000
microenterprise

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

-
-
-
950
total
-
-
-
950
Employee
7 506
-
95 000
-
income
1 501
-
19 000
-
total
1 501
-
19 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

87 494
95 000
-
-
total
-
-
-
-
Dividends
87 494
95 000
-
-
withholding
4 375
4 750
-
-
total
4 375
4 750
-
-
Income
95 000
95 000
95 000
95 000
Total tax
5 876
4 750
19 000
950
After tax
89 124
90 250
76 000
94 050
Living cost
6 005
6 005
6 005
6 005
Free-cash
83 119
84 245
69 995
88 045

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴53919
₴50338
₴32761
₴30697
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 912
pensions
-
-
-
17 349
unemployment
-
-
-
142
health
-
-
-
9 348
total
-
-
-
50 751
Employee

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

18 940
-
82 202
-
health
1 223
-
5 310
-
income
3 266
-
21 849
-
pensions
2 936
-
12 742
-
unemployment
27
-
115
-
total
7 452
-
40 016
-
Employer

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

18 940
-
82 202
-
unemployment
11
-
50
-
pensions
1 676
-
7 275
-
health
1 261
-
5 474
-
total
2 948
-
12 799
-
Corporate
73 111
95 000
-
-
income
13 891
18 050
-
-
total
13 891
18 050
-
-
Dividends
59 220
76 950
-
-
withholding
8 883
11 543
-
-
total
8 883
11 543
-
-
Income
95 000
95 000
95 000
95 000
Total tax
33 174
29 593
52 815
50 751
After tax
61 826
65 407
42 185
44 249
Living cost
11 488
11 488
11 488
11 488
Free-cash
50 338
53 919
30 697
32 761

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴39302
₴18912
₴47157
₴70865
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
26 521
-
-
-
social contributions
2 175
-
310
-
income
5 850
-
-
-
total
8 025
-
310
-
Employer
26 521
-
-
-
social contributions
37 394
-
5 329
-
total
37 394
-
5 329
-
Corporate
31 085
95 000
-
-
income
6 839
20 900
-
-
total
6 839
20 900
-
-
Dividends
24 246
74 100
-
-
income
5 334
16 302
-
-
total
5 334
16 302
-
-
Income
95 000
95 000
95 000
95 000
Total tax
57 592
37 202
5 639
29 347
After tax
37 408
57 798
89 361
65 653
Living cost
18 496
18 496
18 496
18 496
Free-cash
18 912
39 302
70 865
47 157

Estimated living cost  is ₴18496 per week

₴12001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40601
₴40171
₴36187
₴28820
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 365
surtax
-
-
-
-
social contributions

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

-
-
-
33 013
total
-
-
-
45 378
Employee
19 699
-
76 768
-
social contributions
2 167
-
8 444
-
surtax
-
-
82
-
income
4 097
-
25 987
-
total
6 264
-
34 513
-
Employer
19 699
-
76 768
-
social contributions
4 678
-
18 232
-
total
4 678
-
18 232
-
Corporate
70 622
95 000
-
-
surtax
-
-
-
-
income
14 830
19 950
-
-
total
14 830
19 950
-
-
Dividends
55 792
75 050
-
-
withholding
15 622
21 014
-
-
total
15 622
21 014
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 394
40 964
52 745
45 378
After tax
53 606
54 036
42 255
49 622
Living cost
13 435
13 435
13 435
13 435
Free-cash
40 171
40 601
28 820
36 187

Estimated living cost  is ₴13435 per week

₴10052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴27192
₴30136
₴31417
₴28719
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 542
pensions
-
-
-
15 075
other
-
-
-
2 945
health
-
-
-
4 627
surtax
-
-
-
-
social contributions
-
-
-
2 707
total
-
-
-
42 896
Employee
26 826
-
72 522
-
social contributions
764
-
2 066
-
surtax
-
-
-
-
income
2 341
-
15 591
-
pensions
3 034
-
5 459
-
total
6 139
-
23 116
-
Employer
26 826
-
72 522
-
other
926
-
3 006
-
social contributions
80
-
218
-
unemployment
1 087
-
2 937
-
pensions
4 408
-
9 115
-
health
1 878
-
7 202
-
total
8 379
-
22 478
-
Corporate
59 796
95 000
-
-
surtax
-
-
-
-
income
16 743
26 600
-
-
total
16 743
26 600
-
-
Dividends
43 053
68 400
-
-
surtax
-
-
-
-
social contributions
7 405
11 765
-
-
withholding
5 511
8 756
-
-
total
12 916
20 521
-
-
Income
95 000
95 000
95 000
95 000
Total tax
44 177
47 121
45 594
42 896
After tax
50 823
47 879
49 406
52 104
Living cost
20 687
20 687
20 687
20 687
Free-cash
30 136
27 192
28 719
31 417

Estimated living cost  is ₴20687 per week

₴14001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴72625
₴71187
₴56416
₴58939
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 809
social contributions
-
-
-
20 900
total
-
-
-
25 709
Employee
13 770
-
82 250
-
income
-
-
5 090
-
social contributions
895
-
5 347
-
total
895
-
10 437
-
Employer
13 770
-
82 250
-
social contributions
2 134
-
12 749
-
total
2 134
-
12 749
-
Corporate
79 096
95 000
-
-
income
7 909
9 500
-
-
total
7 909
9 500
-
-
Dividends
71 186
85 500
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
10 938
9 500
23 186
25 709
After tax
84 062
85 500
71 814
69 291
Living cost
12 875
12 875
12 875
12 875
Free-cash
71 187
72 625
58 939
56 416

Estimated living cost  is ₴12875 per week

₴8325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
₴1639
₴933
₴34264
₴1639
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
municipal
-
-
-
20 369
pensions
-
-
-
371
national
-
-
-
11 789
labour market
-
-
-
7 570
total
-
-
-
40 099
Employee
87 102
87 102
87 102
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 102
87 102
87 102
-
labour market
6 968
6 968
6 968
-
municipal
18 577
18 577
18 577
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 453
36 453
36 453
-
Corporate
1 640
-
-
-
income
361
-
-
-
total
361
-
-
-
Dividends
1 279
-
-
-
withholding
345
-
-
-
total
345
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
73 430
72 724
72 724
40 099
After tax
21 570
22 276
22 276
54 901
Living cost
20 637
20 637
20 637
20 637
Free-cash
933
1 639
1 639
34 264

Estimated living cost  is ₴20637 per week

₴14124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1533
₴6280
₴55642
₴43076
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
accident
-
-
-
108
income
-
-
-
27 165
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
30 130
Employee
14 517
-
86 736
-
health
1 662
-
9 931
-
income
1 992
-
21 252
-
pensions
1 635
-
3 248
-
total
5 289
-
34 431
-
Employer
14 517
-
86 736
-
accident
242
-
1 449
-
unemployment
356
-
2 125
-
pensions
2 360
-
4 691
-
total
2 958
-
8 265
-
Corporate
77 525
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.

69 772
85 500
-
-
total
69 772
85 500
-
-
Dividends
7 752
9 500
-
-
withholding
1 473
1 805
-
-
total
1 473
1 805
-
-
Income
95 000
95 000
95 000
95 000
Total tax
79 492
87 305
42 696
30 130
After tax
15 508
7 695
52 304
64 870
Living cost
9 228
9 228
9 228
9 228
Free-cash
6 280
-1 533
43 076
55 642

Estimated living cost  is ₴9228 per week

₴6717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Krakow model

Close
Helsinki , Finland
₴41870
₴43193
₴41989
₴31107
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
16 869
health
-
-
-
1 284
national
-
-
-
18 414
total
-
-
-
36 567
Employee
22 534
-
79 919
-
health
168
-
1 052
-
municipal
3 691
-
13 009
-
pensions
1 521
-
5 395
-
unemployment
338
-
1 199
-
national
372
-
11 714
-
total
6 090
-
32 369
-
Employer
22 534
-
79 919
-
accident
23
-
80
-
unemployment
146
-
519
-
pensions
3 910
-
13 866
-
health
173
-
615
-
total
4 252
-
15 080
-
Corporate
68 214
95 000
-
-
income
13 643
19 000
-
-
total
13 643
19 000
-
-
Dividends

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

40 928
57 000
-
-
national
4 011
7 426
-
-
municipal
7 367
10 260
-
-
total
11 378
17 686
-
-
Income
95 000
95 000
95 000
95 000
Total tax
35 363
36 686
47 449
36 567
After tax
59 637
58 314
47 551
58 433
Living cost
16 444
16 444
16 444
16 444
Free-cash
43 193
41 870
31 107
41 989

Estimated living cost  is ₴16444 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Finland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should set up a company and hire themselves as an employee.

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴59323
₴56993
₴54036
₴53253
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 695
health
-
-
-
2 422
social contributions
-
-
-
6 930
total
-
-
-
31 047
Employee
32 935
32 935
89 654
-
social contributions
1 245
2 733
3 687
-
health
255
560
1 524
-
income
3 586
3 049
21 273
-
total
5 086
6 342
26 484
-
Employer
32 935
32 935
89 654
-
social contributions
1 245
2 733
3 687
-
health
277
610
1 659
-
total
1 522
3 343
5 346
-
Corporate
78 474
58 722
-
-
income
9 809
7 340
-
-
total
9 809
7 340
-
-
Dividends
68 666
51 381
-
-
withholding
11 673
8 735
-
-
total
11 673
8 735
-
-
Income
95 000
95 000
95 000
95 000
Total tax
28 090
25 760
31 830
31 047
After tax
66 910
69 240
63 170
63 953
Living cost
9 917
9 917
9 917
9 917
Free-cash
56 993
59 323
53 253
54 036

Estimated living cost  is ₴9917 per week

₴5943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴71870
₴69689
₴74086
₴65496
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 827
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
14 114
Employee

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

9 831
-
90 814
-
health
836
-
3 454
-
income
672
-
8 765
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
18 518
-
Employer

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

9 831
-
90 814
-
unemployment
49
-
203
-
pensions
541
-
2 235
-
health
423
-
1 748
-
total
1 013
-
4 186
-
Corporate
84 157
95 000
-
-
income
7 574
8 550
-
-
total
7 574
8 550
-
-
Dividends
76 583
86 450
-
-
withholding
6 893
7 780
-
-
total
6 893
7 780
-
-
Income
95 000
95 000
95 000
95 000
Total tax
18 511
16 330
22 704
14 114
After tax
76 489
78 670
72 296
80 886
Living cost
6 800
6 800
6 800
6 800
Free-cash
69 689
71 870
65 496
74 086

Estimated living cost  is ₴6800 per week

₴4339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴51310
₴49419
₴41316
₴39520
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
accident
-
-
-
358
income
-
-
-
29 995
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
41 906
Employee
15 837
-
82 344
-
other
15
-
40
-
income
3 053
-
28 525
-
pensions
745
-
1 866
-
unemployment
245
-
615
-
total
4 058
-
31 046
-
Employer
15 837
-
82 344
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
74 114
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.

11 117
14 250
-
-
total
11 117
14 250
-
-
Dividends
62 997
80 750
-
-
withholding
13 579
17 662
-
-
total
13 579
17 662
-
-
Income
95 000
95 000
95 000
95 000
Total tax
33 803
31 912
43 702
41 906
After tax
61 197
63 088
51 298
53 094
Living cost
11 778
11 778
11 778
11 778
Free-cash
49 419
51 310
39 520
41 316

Estimated living cost  is ₴11778 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58110
₴57917
₴59893
₴59811
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
32 465
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
33 937
Employee
1 782
-
94 040
-
health
89
-
213
-
income
345
-
32 420
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
33 060
-
Employer
1 782
-
94 040
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
92 817
95 000
-
-
income
20 420
20 900
-
-
total
20 420
20 900
-
-
Dividends
72 398
74 100
-
-
withholding
14 480
14 820
-
-
total
14 480
14 820
-
-
Income
95 000
95 000
95 000
95 000
Total tax
35 913
35 720
34 019
33 937
After tax
59 087
59 280
60 981
61 063
Living cost
1 170
1 170
1 170
1 170
Free-cash
57 917
58 110
59 811
59 893

Estimated living cost  is ₴1170 per week

₴695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴61229
₴59122
₴53665
₴53666
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 961
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
33 927
Employee

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

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

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

11 170
-
89 334
-
health
575
-
1 630
-
income
1 540
-
21 961
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
28 260
-
Employer

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

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

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

11 170
-
89 334
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
81 830
95 000
-
-
income
12 275
14 250
-
-
total
12 275
14 250
-
-
Dividends
69 556
80 750
-
-
withholding
10 433
12 113
-
-
total
10 433
12 113
-
-
Income
95 000
95 000
95 000
95 000
Total tax
28 470
26 363
33 926
33 927
After tax
66 530
68 637
61 074
61 073
Living cost
7 408
7 408
7 408
7 408
Free-cash
59 122
61 229
53 666
53 665

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴42489
₴42335
₴38075
₴30708
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 365
surtax
-
-
-
-
social contributions

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

-
-
-
33 013
total
-
-
-
45 378
Employee
16 624
-
76 768
-
social contributions
1 829
-
8 444
-
surtax
-
-
82
-
income
3 248
-
25 987
-
total
5 077
-
34 513
-
Employer
16 624
-
76 768
-
social contributions
3 948
-
18 232
-
total
3 948
-
18 232
-
Corporate
74 428
95 000
-
-
surtax
-
-
-
-
income
15 630
19 950
-
-
total
15 630
19 950
-
-
Dividends
58 798
75 050
-
-
withholding
16 463
21 014
-
-
total
16 463
21 014
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 118
40 964
52 745
45 378
After tax
53 882
54 036
42 255
49 622
Living cost
11 547
11 547
11 547
11 547
Free-cash
42 335
42 489
30 708
38 075

Estimated living cost  is ₴11547 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴48035
₴45232
₴38041
₴36245
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
accident
-
-
-
358
income
-
-
-
29 995
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
41 906
Employee
20 686
-
82 344
-
other
20
-
40
-
income
4 320
-
28 525
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 632
-
31 046
-
Employer
20 686
-
82 344
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 882
-
9 369
-
total
6 596
-
12 656
-
Corporate
67 719
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.

10 158
14 250
-
-
total
10 158
14 250
-
-
Dividends
57 562
80 750
-
-
withholding
12 329
17 662
-
-
total
12 329
17 662
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 715
31 912
43 702
41 906
After tax
60 285
63 088
51 298
53 094
Living cost
15 053
15 053
15 053
15 053
Free-cash
45 232
48 035
36 245
38 041

Estimated living cost  is ₴15053 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴73853
₴71241
₴69380
₴73316
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
18 248
Employee
9 762
-
92 063
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
9 206
-
pensions

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

857
-
1 314
-
total
2 389
-
11 374
-
Employer
9 762
-
92 063
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
83 322
95 000
-
-
income
8 332
9 500
-
-
total
8 332
9 500
-
-
Dividends
74 990
85 500
-
-
withholding
3 750
4 275
-
-
total
3 750
4 275
-
-
Income
95 000
95 000
95 000
95 000
Total tax
16 387
13 775
14 312
18 248
After tax
78 613
81 225
80 688
76 752
Living cost
7 372
7 372
7 372
7 372
Free-cash
71 241
73 853
73 316
69 380

Estimated living cost  is ₴7372 per week

₴4876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴32323
₴37927
₴31494
₴42269
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
10 775
income

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

-
-
-
31 534
health

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

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

-
-
-
2 926
surtax

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

-
-
-
1 735
total
-
-
-
46 970
Employee

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

21 311
-
95 000
-
health

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

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

2 926
-
2 926
-
surtax

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

97
-
1 735
-
income

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

1 752
-
31 534
-
total
4 775
-
36 195
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
73 689
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.

608
784
-
-
income
11 053
14 250
-
-
trade
10 575
13 632
-
-
chamber of commerce
173
204
-
-
total
22 409
28 870
-
-
Dividends
51 280
66 130
-
-
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.

696
901
-
-
withholding
12 657
16 370
-
-
total
13 353
17 271
-
-
Income
95 000
95 000
95 000
95 000
Total tax
40 537
46 141
36 195
46 970
After tax
54 463
48 859
58 805
48 030
Living cost
16 536
16 536
16 536
16 536
Free-cash
37 927
32 323
42 269
31 494

Estimated living cost  is ₴16536 per week

₴11407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
₴42101
₴43047
₴23378
₴23378
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30 921
social contributions
-
-
-
16 302
total
-
-
-
47 223
Employee
33 504
-
95 000
-
income
6 322
-
30 921
-
social contributions
2 783
-
16 302
-
total
9 105
-
47 223
-
Employer
33 504
-
95 000
-
total
-
-
-
-
Corporate
61 496
95 000
-
-
income
7 687
11 875
-
-
total
7 687
11 875
-
-
Dividends
53 810
83 125
-
-
withholding
10 762
16 625
-
-
total
10 762
16 625
-
-
Income
95 000
95 000
95 000
95 000
Total tax
27 554
28 500
47 223
47 223
After tax
67 446
66 500
47 777
47 777
Living cost
24 399
24 399
24 399
24 399
Free-cash
43 047
42 101
23 378
23 378

Estimated living cost  is ₴24399 per week

₴18562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
₴43939
₴45435
₴62341
₴50806
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
95 000
income
-
-
-
14 250
health

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

-
-
-
2 861
total
-
-
-
17 111
Employee
19 648
-
93 030
-
income
2 132
-
24 706
-
social contributions
1 969
-
1 970
-
total
4 101
-
26 676
-
Employer
19 648
-
93 030
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
73 383
95 000
-
-
income
25 684
33 250
-
-
total
25 684
33 250
-
-
Dividends
47 699
61 750
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 017
35 513
28 646
17 111
After tax
60 983
59 487
66 354
77 889
Living cost
15 548
15 548
15 548
15 548
Free-cash
45 435
43 939
50 806
62 341

Estimated living cost  is ₴15548 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴44141
₴46686
₴45583
₴37090
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 199
pensions
-
-
-
4 253
total
-
-
-
33 452
Employee
21 914
-
82 809
-
health
286
-
1 126
-
income
3 991
-
23 538
-
pensions
1 673
-
5 090
-
total
5 950
-
29 754
-
Employer
21 914
-
82 809
-
pensions
2 214
-
10 618
-
health
416
-
1 573
-
total
2 630
-
12 191
-
Corporate
70 456
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.

13 386
18 050
-
-
total
13 386
18 050
-
-
Dividends
57 069
76 950
-
-
withholding
10 383
16 844
-
-
total
10 383
16 844
-
-
Income
95 000
95 000
95 000
95 000
Total tax
32 349
34 894
41 945
33 452
After tax
62 651
60 106
53 055
61 548
Living cost
15 965
15 965
15 965
15 965
Free-cash
46 686
44 141
37 090
45 583

Estimated living cost  is ₴15965 per week

₴10952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴2447
₴6139
₴54728
₴42162
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
accident
-
-
-
108
income
-
-
-
27 165
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
30 130
Employee
15 954
-
86 736
-
health
1 827
-
9 931
-
income
2 189
-
21 252
-
pensions
1 796
-
3 248
-
total
5 812
-
34 431
-
Employer
15 954
-
86 736
-
accident
266
-
1 449
-
unemployment
391
-
2 125
-
pensions
2 594
-
4 691
-
total
3 251
-
8 265
-
Corporate
75 795
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.

68 216
85 500
-
-
total
68 216
85 500
-
-
Dividends
7 580
9 500
-
-
withholding
1 440
1 805
-
-
total
1 440
1 805
-
-
Income
95 000
95 000
95 000
95 000
Total tax
78 719
87 305
42 696
30 130
After tax
16 281
7 695
52 304
64 870
Living cost
10 142
10 142
10 142
10 142
Free-cash
6 139
-2 447
42 162
54 728

Estimated living cost  is ₴10142 per week

₴7443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

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Skopje , Macedonia
₴66890
₴65595
₴54420
₴63838
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
342
health insurance
-
-
-
5 069
income
-
-
-
15 959
pensions
-
-
-
12 603
unemployment
-
-
-
822
total
-
-
-
34 795
Employee

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

9 257
-
95 000
-
work injury
46
-
171
-
income
926
-
15 959
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
25 377
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
85 743
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%.

8 574
9 500
-
-
total
8 574
9 500
-
-
Dividends
77 169
85 500
-
-
withholding
11 575
12 825
-
-
total
11 575
12 825
-
-
Income
95 000
95 000
95 000
95 000
Total tax
23 620
22 325
25 377
34 795
After tax
71 380
72 675
69 623
60 205
Living cost
5 785
5 785
5 785
5 785
Free-cash
65 595
66 890
63 838
54 420

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴32976
₴31029
₴27452
₴23933
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
municipal
-
-
-
662
regional
-
-
-
2 306
national
-
-
-
26 080
social contributions
-
-
-
21 437
total
-
-
-
50 485
Employee
36 092
-
95 000
-
social contributions
12 170
-
28 104
-
regional
545
-
2 084
-
municipal
215
-
602
-
national
6 099
-
23 214
-
total
19 029
-
54 004
-
Employer
36 092
-
95 000
-
total
-
-
-
-
Corporate
58 908
95 000
-
-
nationa
14 138
22 800
-
-
municipal
2 839
4 579
-
-
total
16 977
27 379
-
-
Dividends
41 931
67 621
-
-
withholding
10 902
17 582
-
-
total
10 902
17 582
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 908
44 961
54 004
50 485
After tax
48 092
50 039
40 996
44 515
Living cost
17 063
17 063
17 063
17 063
Free-cash
31 029
32 976
23 933
27 452

Estimated living cost  is ₴17063 per week

₴11986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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