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
₴32828
₴44687
₴33369
₴38333
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
95 000
income

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

-
-
-
30 179
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.

-
-
-
1 660
health

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

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

-
-
-
3 400
trade
-
-
-
11 318
total
-
-
-
46 557
Employee

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

19 035
-
95 000
-
surtax

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

29
-
1 660
-
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.

532
-
30 179
-
health

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

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

3 400
-
3 400
-
total
3 961
-
35 239
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
75 965
95 000
-
-
income
11 395
14 250
-
-
surtax

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

627
784
-
-
chamber of commerce
185
212
-
-
trade
11 964
14 963
-
-
total
24 171
30 209
-
-
Dividends
51 794
64 791
-
-
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.

702
880
-
-
withholding
12 759
16 009
-
-
total
13 461
16 889
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 593
47 098
35 239
46 557
After tax
53 407
47 902
59 761
48 443
Living cost
15 074
15 074
15 074
15 074
Free-cash
38 333
32 828
44 687
33 369

Estimated living cost  is ₴15074 per week

₴9482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1758
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32783
₴29767
₴29258
₴32342
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
social contributions
-
-
-
1 021
municipal
-
-
-
10 428
national
-
-
-
16 396
pensions
-
-
-
11 400
total
-
-
-
39 245
Employee
41 075
-
82 127
-
municipal
5 073
-
10 796
-
pensions
1 643
-
3 285
-
national
7 862
-
17 202
-
total
14 578
-
31 283
-
Employer
41 075
-
82 127
-
pensions
3 286
-
6 570
-
social contributions
442
-
883
-
total
3 728
-
7 453
-
Corporate
47 487
95 000
-
-
income

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

9 497
19 000
-
-
total
9 497
19 000
-
-
Dividends
37 989
76 000
-
-
withholding
8 358
16 720
-
-
total
8 358
16 720
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 161
35 720
38 736
39 245
After tax
58 839
59 280
56 264
55 755
Living cost
26 497
26 497
26 497
26 497
Free-cash
32 342
32 783
29 767
29 258

Estimated living cost  is ₴26497 per week

₴18010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2463
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.
₴5628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65646
₴30057
₴23059
₴61563
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
95 000
income
-
-
-
18 294
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.

-
-
-
19 068
microenterprise
-
-
-
-
total
-
-
-
61 587
Employee
14 542
-
72 713
-
surtax
-
-
10 544
-
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.

1 600
-
6 524
-
income
2 589
-
15 235
-
total
4 189
-
32 303
-
Employer
14 542
-
72 713
-
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.

3 503
-
14 288
-
surtax
-
-
7 998
-
total
3 503
-
22 286
-
Corporate
76 955
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%.

15 391
19 000
-
-
total
15 391
19 000
-
-
Dividends

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

61 563
76 000
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
23 083
19 000
54 589
61 587
After tax
71 917
76 000
40 411
33 413
Living cost
10 354
10 354
10 354
10 354
Free-cash
61 563
65 646
30 057
23 059

Estimated living cost  is ₴10354 per week

₴6605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴986
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26295
₴39301
₴31089
₴23247
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
31 095
health
-
-
-
6 137
pensions
-
-
-
5 831
total
-
-
-
43 063
Employee
42 499
42 499
85 751
-
pensions
7 650
5 831
5 831
-
income

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

6 956
6 956
13 634
-
health
6 523
5 549
6 137
-
total
21 129
18 336
25 602
-
Employer
42 499
42 499
85 751
-
health
2 954
2 954
3 671
-
pensions
2 958
2 958
3 677
-
unemployment
1 530
1 530
1 901
-
total
7 442
7 442
9 249
-
Corporate
45 580
45 058
-
-
income
9 116
9 012
-
-
total
9 116
9 012
-
-
Dividends
36 464
36 047
-
-
income
7 749
7 660
-
-
withholding
5 469
5 407
-
-
total
13 218
13 067
-
-
Income
95 000
95 000
95 000
95 000
Total tax
50 905
47 857
34 851
43 063
After tax
44 095
47 143
60 149
51 937
Living cost
20 848
20 848
20 848
20 848
Free-cash
23 247
26 295
39 301
31 089

Estimated living cost  is ₴20848 per week

₴14775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31989
₴27974
₴28455
₴31543
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
87
other
-
-
-
5 063
unemployment
-
-
-
44
health
-
-
-
2 719
municipal
-
-
-
24 565
national
-
-
-
9 476
pensions
-
-
-
4 710
total
-
-
-
46 664
Employee
28 329
-
81 309
-
municipal
8 448
-
24 246
-
national
-
-
9 209
-
total
8 448
-
33 455
-
Employer
28 329
-
81 309
-
health
1 742
-
2 680
-
pensions
3 062
-
4 710
-
accident
57
-
87
-
unemployment
748
-
1 150
-
other
3 292
-
5 063
-
total
8 901
-
13 690
-
Corporate
57 770
95 000
-
-
income
12 709
20 900
-
-
total
12 709
20 900
-
-
Dividends
45 060
74 100
-
-
withholding
13 518
22 230
-
-
total
13 518
22 230
-
-
Income
95 000
95 000
95 000
95 000
Total tax
43 576
43 130
47 145
46 664
After tax
51 424
51 870
47 855
48 336
Living cost
19 881
19 881
19 881
19 881
Free-cash
31 543
31 989
27 974
28 455

Estimated living cost  is ₴19881 per week

₴13177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1951
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4452
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27861
₴40210
₴28389
₴34856
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
95 000
income

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

-
-
-
30 179
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.

-
-
-
1 660
health

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

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

-
-
-
3 400
trade
-
-
-
11 821
total
-
-
-
47 060
Employee

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

25 238
-
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.

119
-
1 660
-
income

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

2 168
-
30 179
-
health

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

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

3 400
-
3 400
-
total
5 687
-
35 239
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 762
95 000
-
-
income
10 464
14 250
-
-
surtax

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

575
784
-
-
chamber of commerce
175
211
-
-
trade
11 476
15 628
-
-
total
22 690
30 873
-
-
Dividends
47 072
64 128
-
-
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.

637
872
-
-
withholding
11 579
15 843
-
-
total
12 216
16 715
-
-
Income
95 000
95 000
95 000
95 000
Total tax
40 593
47 588
35 239
47 060
After tax
54 407
47 412
59 761
47 940
Living cost
19 551
19 551
19 551
19 551
Free-cash
34 856
27 861
40 210
28 389

Estimated living cost  is ₴19551 per week

₴13076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2062
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53138
₴47608
₴48423
₴51071
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
19 961
social contributions
-
-
-
8 052
health
-
-
-
2 422
total
-
-
-
30 435
Employee
38 269
38 269
89 068
-
social contributions
1 860
3 176
4 284
-
income
4 019
3 543
19 520
-
health
381
651
1 514
-
total
6 260
7 370
25 318
-
Employer
38 269
38 269
89 068
-
health
415
708
1 648
-
social contributions
1 860
3 176
4 284
-
total
2 275
3 884
5 932
-
Corporate
70 325
52 847
-
-
income
8 791
6 606
-
-
total
8 791
6 606
-
-
Dividends
61 534
46 240
-
-
withholding
10 461
7 860
-
-
total
10 461
7 860
-
-
Income
95 000
95 000
95 000
95 000
Total tax
27 787
25 720
31 250
30 435
After tax
67 213
69 280
63 750
64 565
Living cost
16 142
16 142
16 142
16 142
Free-cash
51 071
53 138
47 608
48 423

Estimated living cost  is ₴16142 per week

₴11035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44428
₴46152
₴56891
₴44614
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

12 876
5 124
79 498
-
unemployment
193
77
1 192
-
pensions
1 288
512
7 950
-
income
1 574
626
9 719
-
health
901
359
5 565
-
total
3 956
1 574
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.

12 876
5 124
79 498
-
pensions
2 511
999
15 502
-
total
2 511
999
15 502
-
Corporate
79 614
88 876
-
-
income
7 165
7 999
-
-
total
7 165
7 999
-
-
Dividends
72 448
80 878
-
-
social contributions
14 069
15 713
-
-
withholding
13 765
15 367
-
-
total
27 834
31 080
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 466
41 652
39 928
29 189
After tax
53 534
53 348
55 072
65 811
Living cost
8 920
8 920
8 920
8 920
Free-cash
44 614
44 428
46 152
56 891

Estimated living cost  is ₴8920 per week

₴6087
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.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63979
₴42735
₴38899
₴60888
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
12 730
health
-
-
-
12 350
pensions
-
-
-
19 000
total
-
-
-
44 080
Employee
14 118
-
71 002
-
unemployment
226
-
1 136
-
pensions
282
-
1 420
-
income
1 589
-
13 690
-
total
2 097
-
16 246
-
Employer
14 118
-
71 002
-
health
1 835
-
9 230
-
pensions
2 824
-
14 200
-
unemployment
113
-
568
-
total
4 772
-
23 998
-
Corporate
76 110
95 000
-
-
income
15 222
19 000
-
-
total
15 222
19 000
-
-
Dividends
60 887
76 000
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
22 091
19 000
40 244
44 080
After tax
72 909
76 000
54 756
50 920
Living cost
12 021
12 021
12 021
12 021
Free-cash
60 888
63 979
42 735
38 899

Estimated living cost  is ₴12021 per week

₴8245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴716
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.
₴2818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3416
₴40704
₴53810
₴5991
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
26 562
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
30 079
Employee
17 478
-
85 897
-
pensions
1 968
-
3 853
-
income
2 398
-
20 394
-
health
2 001
-
9 835
-
total
6 367
-
34 082
-
Employer
17 478
-
85 897
-
pensions
2 842
-
5 564
-
accident
292
-
1 435
-
unemployment
428
-
2 104
-
total
3 562
-
9 103
-
Corporate
73 960
95 000
-
-
income

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

66 564
85 500
-
-
total
66 564
85 500
-
-
Dividends
7 396
9 500
-
-
withholding
1 405
1 805
-
-
total
1 405
1 805
-
-
Income
95 000
95 000
95 000
95 000
Total tax
77 898
87 305
43 185
30 079
After tax
17 102
7 695
51 815
64 921
Living cost
11 111
11 111
11 111
11 111
Free-cash
5 991
-3 416
40 704
53 810

Estimated living cost  is ₴11111 per week

₴8143
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.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴86240
₴71990
₴90040
₴85489
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
95 000
microenterprise

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

-
-
-
950
total
-
-
-
950
Employee
5 012
-
95 000
-
income
1 002
-
19 000
-
total
1 002
-
19 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

89 988
95 000
-
-
total
-
-
-
-
Dividends
89 988
95 000
-
-
withholding
4 499
4 750
-
-
total
4 499
4 750
-
-
Income
95 000
95 000
95 000
95 000
Total tax
5 501
4 750
19 000
950
After tax
89 499
90 250
76 000
94 050
Living cost
4 010
4 010
4 010
4 010
Free-cash
85 489
86 240
71 990
90 040

Estimated living cost  is ₴4010 per week

₴2485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56535
₴40456
₴41278
₴53176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
15 373
other
-
-
-
3 595
health
-
-
-
3 330
pensions

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

-
-
-
18 163
total
-
-
-
40 461
Employee
18 070
-
75 927
-
unemployment
180
-
756
-
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.

1 265
-
5 297
-
income
3 111
-
15 098
-
health
253
-
1 060
-
total
4 809
-
22 211
-
Employer
18 070
-
75 927
-
health
253
-
1 060
-
pensions

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

3 072
-
12 866
-
accident
144
-
607
-
unemployment
180
-
756
-
other
904
-
3 783
-
total
4 553
-
19 072
-
Corporate
72 376
95 000
-
-
income
15 199
19 950
-
-
total
15 199
19 950
-
-
Dividends
57 177
75 050
-
-
withholding
4 002
5 254
-
-
total
4 002
5 254
-
-
Income
95 000
95 000
95 000
95 000
Total tax
28 563
25 204
41 283
40 461
After tax
66 437
69 796
53 717
54 539
Living cost
13 261
13 261
13 261
13 261
Free-cash
53 176
56 535
40 456
41 278

Estimated living cost  is ₴13261 per week

₴9370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴895
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2782
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28137
₴20632
₴29190
₴31104
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
27 940
pensions
-
-
-
4 622
total
-
-
-
32 562
Employee
47 041
-
82 919
-
pensions
4 538
-
5 630
-
income
8 480
-
22 235
-
health
775
-
1 174
-
total
13 793
-
29 039
-
Employer
47 041
-
82 919
-
health
893
-
1 576
-
pensions
5 554
-
10 505
-
total
6 447
-
12 081
-
Corporate
41 511
95 000
-
-
income

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

7 887
18 050
-
-
total
7 887
18 050
-
-
Dividends
33 623
76 950
-
-
withholding
2 521
15 565
-
-
total
2 521
15 565
-
-
Income
95 000
95 000
95 000
95 000
Total tax
30 648
33 615
41 120
32 562
After tax
64 352
61 385
53 880
62 438
Living cost
33 248
33 248
33 248
33 248
Free-cash
31 104
28 137
20 632
29 190

Estimated living cost  is ₴33248 per week

₴24914
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3906
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴74701
₴73392
₴69585
₴72390
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
14 250
unemployment
-
-
-
70
health
-
-
-
1 999
pensions

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

-
-
-
2 572
total
-
-
-
18 891
Employee
8 638
-
91 590
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
pensions

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

758
-
1 526
-
income
864
-
9 159
-
health
397
-
799
-
total
2 114
-
11 675
-
Employer
8 638
-
91 590
-
health
596
-
1 199
-
pensions

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

952
-
1 915
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
unemployment
52
-
104
-
total
1 695
-
3 409
-
Corporate
84 667
95 000
-
-
income
8 467
9 500
-
-
total
8 467
9 500
-
-
Dividends
76 200
85 500
-
-
withholding
3 810
4 275
-
-
total
3 810
4 275
-
-
Income
95 000
95 000
95 000
95 000
Total tax
16 086
13 775
15 084
18 891
After tax
78 914
81 225
79 916
76 109
Living cost
6 524
6 524
6 524
6 524
Free-cash
72 390
74 701
73 392
69 585

Estimated living cost  is ₴6524 per week

₴3809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴466
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.
₴2076
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19546
₴32552
₴24340
₴20799
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
31 095
health
-
-
-
6 137
pensions
-
-
-
5 831
total
-
-
-
43 063
Employee
46 141
42 499
85 751
-
pensions
5 831
5 831
5 831
-
income

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

6 956
6 956
13 634
-
health
5 756
5 549
6 137
-
total
18 543
18 336
25 602
-
Employer
46 141
42 499
85 751
-
health
3 206
2 954
3 671
-
pensions
3 211
2 958
3 677
-
unemployment
1 661
1 530
1 901
-
total
8 078
7 442
9 249
-
Corporate
40 781
45 058
-
-
income
8 156
9 012
-
-
total
8 156
9 012
-
-
Dividends
32 625
36 047
-
-
income
6 933
7 660
-
-
withholding
4 894
5 407
-
-
total
11 827
13 067
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 604
47 857
34 851
43 063
After tax
48 396
47 143
60 149
51 937
Living cost
27 597
27 597
27 597
27 597
Free-cash
20 799
19 546
32 552
24 340

Estimated living cost  is ₴27597 per week

₴20357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4459
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53202
₴38411
₴42403
₴48849
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
9 692
social contributions
-
-
-
17 562
solidarity contribution
-
-
-
313
health
-
-
-
12 825
total
-
-
-
40 392
Employee
17 948
-
73 361
-
solidarity contribution
-
-
-
-
social contributions
1 167
-
3 909
-
income
2 154
-
8 932
-
health
2 423
-
9 904
-
total
5 744
-
22 745
-
Employer
17 948
-
73 361
-
health
1 615
-
6 603
-
social contributions
4 487
-
15 036
-
total
6 102
-
21 639
-
Corporate
70 949
95 000
-
-
income
13 480
18 050
-
-
total
13 480
18 050
-
-
Dividends
57 469
76 950
-
-
withholding
8 620
11 543
-
-
total
8 620
11 543
-
-
Income
95 000
95 000
95 000
95 000
Total tax
33 946
29 593
44 384
40 392
After tax
61 054
65 407
50 616
54 608
Living cost
12 205
12 205
12 205
12 205
Free-cash
48 849
53 202
38 411
42 403

Estimated living cost  is ₴12205 per week

₴8478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
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.
₴2619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴29687
₴19683
₴23974
₴27089
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
social contributions
-
-
-
24 434
regional
-
-
-
1 129
municipal
-
-
-
565
national
-
-
-
23 898
total
-
-
-
50 026
Employee
44 230
-
95 000
-
municipal
234
-
503
-
national
7 664
-
20 782
-
regional
417
-
998
-
social contributions
14 914
-
32 034
-
total
23 229
-
54 317
-
Employer
44 230
-
95 000
-
total
-
-
-
-
Corporate
50 770
95 000
-
-
municipal
1 980
3 705
-
-
nationa
12 185
22 800
-
-
total
14 165
26 505
-
-
Dividends
36 604
68 495
-
-
withholding
9 517
17 808
-
-
total
9 517
17 808
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 911
44 313
54 317
50 026
After tax
48 089
50 687
40 683
44 974
Living cost
21 000
21 000
21 000
21 000
Free-cash
27 089
29 687
19 683
23 974

Estimated living cost  is ₴21000 per week

₴14639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴322
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4662
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48773
₴30834
₴33877
₴47224
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
27 610
other
-
-
-
-
surtax
-
-
-
4 418
unemployment
-
-
-
113
health
-
-
-
4 716
pensions
-
-
-
13 284
total
-
-
-
50 141
Employee
16 458
-
81 019
-
other
-
-
-
-
unemployment
1 146
-
4 623
-
pensions
1 097
-
4 430
-
surtax
54
-
3 823
-
income
2 759
-
24 634
-
health
420
-
1 693
-
total
5 476
-
39 203
-
Employer
16 458
-
81 019
-
health
749
-
3 022
-
pensions
2 194
-
8 854
-
unemployment
521
-
2 105
-
other
-
-
-
-
total
3 464
-
13 981
-
Corporate
75 078
95 000
-
-
income
19 520
24 700
-
-
total
19 520
24 700
-
-
Dividends
55 558
70 300
-
-
withholding
8 334
10 545
-
-
total
8 334
10 545
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 794
35 245
53 184
50 141
After tax
58 206
59 755
41 816
44 859
Living cost
10 982
10 982
10 982
10 982
Free-cash
47 224
48 773
30 834
33 877

Estimated living cost  is ₴10982 per week

₴6715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38671
₴31166
₴39724
₴41953
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
27 940
pensions
-
-
-
4 622
total
-
-
-
32 562
Employee
31 526
-
82 919
-
pensions
2 676
-
5 630
-
income
5 678
-
22 235
-
health
458
-
1 174
-
total
8 812
-
29 039
-
Employer
31 526
-
82 919
-
health
599
-
1 576
-
pensions
3 413
-
10 505
-
total
4 012
-
12 081
-
Corporate
59 463
95 000
-
-
income

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

11 298
18 050
-
-
total
11 298
18 050
-
-
Dividends
48 165
76 950
-
-
withholding
6 211
15 565
-
-
total
6 211
15 565
-
-
Income
95 000
95 000
95 000
95 000
Total tax
30 333
33 615
41 120
32 562
After tax
64 667
61 385
53 880
62 438
Living cost
22 714
22 714
22 714
22 714
Free-cash
41 953
38 671
31 166
39 724

Estimated living cost  is ₴22714 per week

₴17017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1703
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.
₴3756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4147
₴32925
₴37213
₴20960
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
other

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

-
-
-
1 900
regional
-
-
-
4 844
health
-
-
-
214
city
-
-
-
1 001
national
-
-
-
1 793
pensions
-
-
-
8 740
total
-
-
-
18 492
Employee
45 985
-
85 029
-
unemployment
-
-
-
-
pensions
3 863
-
7 142
-
national
218
-
1 319
-
regional
1 506
-
4 179
-
city
494
-
913
-
health
104
-
192
-
total
6 185
-
13 745
-
Employer
45 985
-
85 029
-
health
104
-
192
-
pensions
3 863
-
7 142
-
unemployment
-
-
-
-
other

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

919
-
1 701
-
total
4 886
-
9 035
-
Corporate
43 622
95 000
-
-
regional
9 226
20 092
-
-
national
3 708
8 075
-
-
total
12 934
28 167
-
-
Dividends
30 688
66 833
-
-
withholding
10 740
23 391
-
-
total
10 740
23 391
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 745
51 558
22 780
18 492
After tax
60 255
43 442
72 220
76 508
Living cost
39 295
39 295
39 295
39 295
Free-cash
20 960
4 147
32 925
37 213

Estimated living cost  is ₴39295 per week

₴25553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴482
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴24126
₴36962
₴24638
₴32196
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
95 000
income

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

-
-
-
30 179
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.

-
-
-
1 660
health

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

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

-
-
-
3 400
trade
-
-
-
12 324
total
-
-
-
47 563
Employee

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

29 909
-
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.

194
-
1 660
-
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.

3 517
-
30 179
-
health

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

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

3 400
-
3 400
-
total
7 111
-
35 239
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 091
95 000
-
-
income
9 764
14 250
-
-
surtax

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

537
784
-
-
chamber of commerce
167
210
-
-
trade
11 163
16 292
-
-
total
21 631
31 536
-
-
Dividends
43 459
63 465
-
-
surtax

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

587
862
-
-
withholding
10 676
15 677
-
-
total
11 263
16 539
-
-
Income
95 000
95 000
95 000
95 000
Total tax
40 005
48 075
35 239
47 563
After tax
54 995
46 925
59 761
47 437
Living cost
22 799
22 799
22 799
22 799
Free-cash
32 196
24 126
36 962
24 638

Estimated living cost  is ₴22799 per week

₴16651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1824
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30853
₴34344
₴36389
₴33794
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
15 445
other
-
-
-
2 945
surtax
-
-
-
-
social contributions
-
-
-
2 707
health
-
-
-
4 246
pensions
-
-
-
16 241
total
-
-
-
41 584
Employee
21 300
-
73 203
-
pensions
2 408
-
5 223
-
surtax
-
-
-
-
social contributions
607
-
2 086
-
income
1 257
-
14 523
-
total
4 272
-
21 832
-
Employer
21 300
-
73 203
-
health
1 491
-
6 931
-
pensions
3 499
-
8 769
-
unemployment
862
-
2 965
-
social contributions
64
-
220
-
other
735
-
2 912
-
total
6 651
-
21 797
-
Corporate
67 049
95 000
-
-
income
18 773
26 600
-
-
surtax
-
-
-
-
total
18 773
26 600
-
-
Dividends
48 275
68 400
-
-
surtax
-
-
-
-
social contributions
8 304
11 765
-
-
withholding
6 179
8 755
-
-
total
14 483
20 520
-
-
Income
95 000
95 000
95 000
95 000
Total tax
44 179
47 120
43 629
41 584
After tax
50 821
47 880
51 371
53 416
Living cost
17 027
17 027
17 027
17 027
Free-cash
33 794
30 853
34 344
36 389

Estimated living cost  is ₴17027 per week

₴10736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32540
₴36031
₴38076
₴35305
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
15 445
other
-
-
-
2 945
surtax
-
-
-
-
social contributions
-
-
-
2 707
health
-
-
-
4 246
pensions
-
-
-
16 241
total
-
-
-
41 584
Employee
19 013
-
73 203
-
pensions
2 150
-
5 223
-
surtax
-
-
-
-
social contributions
542
-
2 086
-
income
980
-
14 523
-
total
3 672
-
21 832
-
Employer
19 013
-
73 203
-
health
1 331
-
6 931
-
pensions
3 124
-
8 769
-
unemployment
770
-
2 965
-
social contributions
57
-
220
-
other
656
-
2 912
-
total
5 938
-
21 797
-
Corporate
70 049
95 000
-
-
income
19 614
26 600
-
-
surtax
-
-
-
-
total
19 614
26 600
-
-
Dividends
50 435
68 400
-
-
surtax
-
-
-
-
social contributions
8 675
11 765
-
-
withholding
6 456
8 755
-
-
total
15 131
20 520
-
-
Income
95 000
95 000
95 000
95 000
Total tax
44 355
47 120
43 629
41 584
After tax
50 645
47 880
51 371
53 416
Living cost
15 340
15 340
15 340
15 340
Free-cash
35 305
32 540
36 031
38 076

Estimated living cost  is ₴15340 per week

₴8897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1558
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47407
₴48281
₴50456
₴47665
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
14 250
social contributions
-
-
-
13 110
health
-
-
-
6 631
total
-
-
-
33 991
Employee
16 874
-
95 000
-
social contributions
2 329
-
13 110
-
income
2 814
-
16 425
-
health
1 178
-
6 631
-
total
6 321
-
36 166
-
Employer
16 874
-
95 000
-
total
-
-
-
-
Corporate
78 126
95 000
-
-
income

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

3 906
4 750
-
-
total
3 906
4 750
-
-
Dividends
74 220
90 250
-
-
social contributions
10 242
12 454
-
-
withholding
11 133
13 537
-
-
health
5 180
6 299
-
-
total
26 555
32 290
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 782
37 040
36 166
33 991
After tax
58 218
57 960
58 834
61 009
Living cost
10 553
10 553
10 553
10 553
Free-cash
47 665
47 407
48 281
50 456

Estimated living cost  is ₴10553 per week

₴7062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴651
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34957
₴7548
₴31243
₴34190
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
27 488
surtax
-
-
-
98
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
380
health
-
-
-
4 447
pensions
-
-
-
10 756
total
-
-
-
46 221
Employee
24 872
19 833
76 806
-
other
248
198
582
-
unemployment
746
595
1 744
-
pensions
2 547
2 031
5 954
-
income
2 831
1 463
22 463
-
health
962
768
2 250
-
total
7 334
5 055
32 993
-
Employer
24 872
19 833
76 806
-
chamber of commerce
99
79
307
-
health
940
750
2 198
-
pensions
3 121
2 490
7 297
-
accident
323
258
756
-
unemployment
746
595
1 744
-
surtax
98
98
98
-
payroll
746
595
2 304
-
other
1 181
942
3 490
-
total
7 254
5 807
18 194
-
Corporate
62 873
69 361
74 918
-
income

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

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

15 718
17 340
18 729
-
total
15 718
17 340
18 729
-
Dividends
47 155
52 021
-
-
withholding
12 968
14 305
-
-
total
12 968
14 305
-
-
Income
95 000
95 000
95 000
95 000
Total tax
43 274
42 507
69 916
46 221
After tax
51 726
52 493
25 084
48 779
Living cost
17 536
17 536
17 536
17 536
Free-cash
34 190
34 957
7 548
31 243

Estimated living cost  is ₴17536 per week

₴11696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34933
₴14895
₴23088
₴27505
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
communal

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

-
-
-
4 955
social contributions
-
-
-
12 408
national
-
-
-
36 403
total
-
-
-
53 766
Employee

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

35 599
-
73 578
-
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.

310
-
640
-
communal

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

1 857
-
3 837
-
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.

2 670
-
5 518
-
national
10 945
-
27 087
-
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.

1 673
-
3 459
-
total
17 455
-
40 541
-
Employer

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

35 599
-
73 578
-
health

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

2 189
-
4 525
-
pensions

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

3 154
-
6 519
-
accident

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

463
-
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.

519
-
1 074
-
surtax
4 036
-
8 343
-
total
10 361
-
21 418
-
Corporate
49 039
95 000
-
-
income
9 808
19 050
-
-
surtax
196
381
-
-
total
10 004
19 431
-
-
Dividends
39 034
75 569
-
-
withholding

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

11 529
22 490
-
-
total
11 529
22 490
-
-
Income
95 000
95 000
95 000
95 000
Total tax
49 349
41 921
61 959
53 766
After tax
45 651
53 079
33 041
41 234
Living cost
18 146
18 146
18 146
18 146
Free-cash
27 505
34 933
14 895
23 088

Estimated living cost  is ₴18146 per week

₴11688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
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.
₴4587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45263
₴33172
₴35259
₴41853
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
416
income
-
-
-
27 929
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
41 768
Employee
24 773
-
80 294
-
other
25
-
46
-
unemployment
384
-
715
-
pensions
1 164
-
2 168
-
income
5 227
-
26 221
-
total
6 800
-
29 150
-
Employer
24 773
-
80 294
-
pensions
5 846
-
10 886
-
accident
490
-
913
-
unemployment
1 363
-
2 537
-
other
197
-
369
-
total
7 896
-
14 705
-
Corporate
62 331
95 000
-
-
income

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

9 350
14 250
-
-
total
9 350
14 250
-
-
Dividends
52 981
80 750
-
-
withholding
11 128
17 514
-
-
total
11 128
17 514
-
-
Income
95 000
95 000
95 000
95 000
Total tax
35 174
31 764
43 855
41 768
After tax
59 826
63 236
51 145
53 232
Living cost
17 973
17 973
17 973
17 973
Free-cash
41 853
45 263
33 172
35 259

Estimated living cost  is ₴17973 per week

₴13235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1275
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27993
₴22887
₴19102
₴21398
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
communal
-
-
-
6 004
accident
-
-
-
801
income
-
-
-
16 424
surtax
-
-
-
4 710
health
-
-
-
6 674
pensions
-
-
-
14 239
total
-
-
-
48 852
Employee
37 688
-
84 859
-
pensions
3 015
-
6 789
-
surtax
2 310
-
5 201
-
income
3 640
-
19 158
-
health
1 677
-
3 777
-
total
10 642
-
34 925
-
Employer
37 688
-
84 859
-
health
1 149
-
2 589
-
pensions
3 015
-
6 789
-
accident
339
-
764
-
total
4 503
-
10 142
-
Corporate
52 808
95 000
-
-
communal
3 564
6 413
-
-
income
7 921
14 250
-
-
surtax
554
997
-
-
total
12 039
21 660
-
-
Dividends
40 769
73 340
-
-
income
13 257
7 300
-
-
withholding
6 115
11 001
-
-
total
19 372
18 301
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 556
39 961
45 067
48 852
After tax
48 444
55 039
49 933
46 148
Living cost
27 046
27 046
27 046
27 046
Free-cash
21 398
27 993
22 887
19 102

Estimated living cost  is ₴27046 per week

₴20288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48577
₴30638
₴33681
₴46994
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
27 610
other
-
-
-
-
surtax
-
-
-
4 418
unemployment
-
-
-
113
health
-
-
-
4 716
pensions
-
-
-
13 284
total
-
-
-
50 141
Employee
16 760
-
81 019
-
other
-
-
-
-
unemployment
1 166
-
4 623
-
pensions
1 118
-
4 430
-
surtax
59
-
3 823
-
income
2 810
-
24 634
-
health
428
-
1 693
-
total
5 581
-
39 203
-
Employer
16 760
-
81 019
-
health
762
-
3 022
-
pensions
2 235
-
8 854
-
unemployment
532
-
2 105
-
other
-
-
-
-
total
3 529
-
13 981
-
Corporate
74 712
95 000
-
-
income
19 425
24 700
-
-
total
19 425
24 700
-
-
Dividends
55 287
70 300
-
-
withholding
8 293
10 545
-
-
total
8 293
10 545
-
-
Income
95 000
95 000
95 000
95 000
Total tax
36 828
35 245
53 184
50 141
After tax
58 172
59 755
41 816
44 859
Living cost
11 178
11 178
11 178
11 178
Free-cash
46 994
48 577
30 638
33 681

Estimated living cost  is ₴11178 per week

₴6749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3199
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36528
₴26997
₴31265
₴35423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
social contributions
-
-
-
24 434
regional
-
-
-
1 432
municipal
-
-
-
565
national
-
-
-
23 898
total
-
-
-
50 329
Employee
27 607
-
95 000
-
municipal
146
-
503
-
national
4 374
-
20 782
-
regional
372
-
1 278
-
social contributions
9 309
-
32 034
-
total
14 201
-
54 597
-
Employer
27 607
-
95 000
-
total
-
-
-
-
Corporate
67 393
95 000
-
-
municipal
3 350
4 721
-
-
nationa
16 174
22 800
-
-
total
19 524
27 521
-
-
Dividends
47 869
67 478
-
-
withholding
12 446
17 545
-
-
total
12 446
17 545
-
-
Income
95 000
95 000
95 000
95 000
Total tax
46 171
45 066
54 597
50 329
After tax
48 829
49 934
40 403
44 671
Living cost
13 406
13 406
13 406
13 406
Free-cash
35 423
36 528
26 997
31 265

Estimated living cost  is ₴13406 per week

₴8337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50368
₴35577
₴39569
₴45003
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
9 692
social contributions
-
-
-
17 562
solidarity contribution
-
-
-
313
health
-
-
-
12 825
total
-
-
-
40 392
Employee
22 117
-
73 361
-
solidarity contribution
-
-
-
-
social contributions
1 438
-
3 909
-
income
2 654
-
8 932
-
health
2 986
-
9 904
-
total
7 078
-
22 745
-
Employer
22 117
-
73 361
-
health
1 990
-
6 603
-
social contributions
5 529
-
15 036
-
total
7 519
-
21 639
-
Corporate
65 363
95 000
-
-
income
12 419
18 050
-
-
total
12 419
18 050
-
-
Dividends
52 944
76 950
-
-
withholding
7 942
11 543
-
-
total
7 942
11 543
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 958
29 593
44 384
40 392
After tax
60 042
65 407
50 616
54 608
Living cost
15 039
15 039
15 039
15 039
Free-cash
45 003
50 368
35 577
39 569

Estimated living cost  is ₴15039 per week

₴11184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36668
₴9229
₴32999
₴36422
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
27 488
surtax
-
-
-
-
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
380
health
-
-
-
4 447
pensions
-
-
-
10 756
total
-
-
-
46 123
Employee
21 755
19 833
76 898
-
other
217
198
582
-
unemployment
653
595
1 744
-
pensions
2 228
2 031
5 954
-
income
1 938
1 463
22 507
-
health
841
768
2 250
-
total
5 877
5 055
33 037
-
Employer
21 755
19 833
76 898
-
chamber of commerce
87
79
308
-
health
823
750
2 198
-
pensions
2 730
2 490
7 297
-
accident
282
258
756
-
unemployment
653
595
1 744
-
surtax
-
-
-
-
payroll
653
595
2 307
-
other
1 033
942
3 493
-
total
6 261
5 709
18 103
-
Corporate
66 985
69 459
75 009
-
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.

16 746
17 364
18 753
-
total
16 746
17 364
18 753
-
Dividends
50 239
52 094
-
-
withholding
13 816
14 326
-
-
total
13 816
14 326
-
-
Income
95 000
95 000
95 000
95 000
Total tax
42 700
42 454
69 893
46 123
After tax
52 300
52 546
25 107
48 877
Living cost
15 878
15 878
15 878
15 878
Free-cash
36 422
36 668
9 229
32 999

Estimated living cost  is ₴15878 per week

₴9525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴84001
₴69751
₴87801
₴82830
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 811
-
95 000
-
income
1 562
-
19 000
-
total
1 562
-
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%.

87 189
95 000
-
-
total
-
-
-
-
Dividends
87 189
95 000
-
-
withholding
4 359
4 750
-
-
total
4 359
4 750
-
-
Income
95 000
95 000
95 000
95 000
Total tax
5 921
4 750
19 000
950
After tax
89 079
90 250
76 000
94 050
Living cost
6 249
6 249
6 249
6 249
Free-cash
82 830
84 001
69 751
87 801

Estimated living cost  is ₴6249 per week

₴4229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52058
₴30160
₴32546
₴47897
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
95 000
income
-
-
-
22 265
unemployment
-
-
-
143
health
-
-
-
9 348
pensions
-
-
-
17 349
total
-
-
-
49 105
Employee

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

22 007
-
82 201
-
unemployment
31
-
115
-
pensions
3 411
-
12 741
-
income
3 795
-
20 525
-
health
1 421
-
5 311
-
total
8 658
-
38 692
-
Employer

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

22 007
-
82 201
-
health
1 466
-
5 475
-
pensions
1 947
-
7 275
-
unemployment
13
-
49
-
total
3 426
-
12 799
-
Corporate
69 566
95 000
-
-
income
13 217
18 050
-
-
total
13 217
18 050
-
-
Dividends
56 349
76 950
-
-
withholding
8 453
11 543
-
-
total
8 453
11 543
-
-
Income
95 000
95 000
95 000
95 000
Total tax
33 754
29 593
51 491
49 105
After tax
61 246
65 407
43 509
45 895
Living cost
13 349
13 349
13 349
13 349
Free-cash
47 897
52 058
30 160
32 546

Estimated living cost  is ₴13349 per week

₴9161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3074
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36540
₴67261
₴44395
₴13105
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
18 517
social contributions
-
-
-
10 830
total
-
-
-
29 347
Employee
30 481
-
-
-
social contributions
2 499
-
356
-
income
6 724
-
-
-
total
9 223
-
356
-
Employer
30 481
-
-
-
social contributions
42 979
-
6 125
-
total
42 979
-
6 125
-
Corporate
21 540
95 000
-
-
income
4 739
20 900
-
-
total
4 739
20 900
-
-
Dividends
16 801
74 100
-
-
income
3 696
16 302
-
-
total
3 696
16 302
-
-
Income
95 000
95 000
95 000
95 000
Total tax
60 637
37 202
6 481
29 347
After tax
34 363
57 798
88 519
65 653
Living cost
21 258
21 258
21 258
21 258
Free-cash
13 105
36 540
67 261
44 395

Estimated living cost  is ₴21258 per week

₴13793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1999
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38426
₴27594
₴34796
₴37925
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
95 000
income
-
-
-
11 581
surtax
-
-
-
-
social contributions

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

-
-
-
33 013
total
-
-
-
44 594
Employee
22 889
-
76 768
-
surtax
-
-
-
-
social contributions
2 518
-
8 444
-
income
4 761
-
25 120
-
total
7 279
-
33 564
-
Employer
22 889
-
76 768
-
social contributions
5 436
-
18 232
-
total
5 436
-
18 232
-
Corporate
66 675
95 000
-
-
income
14 002
19 950
-
-
surtax
-
-
-
-
total
14 002
19 950
-
-
Dividends
52 673
75 050
-
-
withholding
14 748
21 014
-
-
total
14 748
21 014
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 465
40 964
51 796
44 594
After tax
53 535
54 036
43 204
50 406
Living cost
15 610
15 610
15 610
15 610
Free-cash
37 925
38 426
27 594
34 796

Estimated living cost  is ₴15610 per week

₴11680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2749
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23843
₴27334
₴29379
₴27261
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
15 445
other
-
-
-
2 945
surtax
-
-
-
-
social contributions
-
-
-
2 707
health
-
-
-
4 246
pensions
-
-
-
16 241
total
-
-
-
41 584
Employee
31 170
-
73 203
-
pensions
3 526
-
5 223
-
surtax
-
-
-
-
social contributions
888
-
2 086
-
income
2 720
-
14 523
-
total
7 134
-
21 832
-
Employer
31 170
-
73 203
-
health
2 182
-
6 931
-
pensions
5 122
-
8 769
-
unemployment
1 263
-
2 965
-
social contributions
93
-
220
-
other
1 076
-
2 912
-
total
9 736
-
21 797
-
Corporate
54 094
95 000
-
-
income
15 147
26 600
-
-
surtax
-
-
-
-
total
15 147
26 600
-
-
Dividends
38 948
68 400
-
-
surtax
-
-
-
-
social contributions
6 699
11 765
-
-
withholding
4 986
8 755
-
-
total
11 685
20 520
-
-
Income
95 000
95 000
95 000
95 000
Total tax
43 702
47 120
43 629
41 584
After tax
51 298
47 880
51 371
53 416
Living cost
24 037
24 037
24 037
24 037
Free-cash
27 261
23 843
27 334
29 379

Estimated living cost  is ₴24037 per week

₴16268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5473
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴70540
₴57277
₴54752
₴68868
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 388
social contributions
-
-
-
20 900
total
-
-
-
25 288
Employee
16 000
-
82 251
-
income
-
-
4 668
-
social contributions
1 040
-
5 346
-
total
1 040
-
10 014
-
Employer
16 000
-
82 251
-
social contributions
2 480
-
12 749
-
total
2 480
-
12 749
-
Corporate
76 520
95 000
-
-
income
7 652
9 500
-
-
total
7 652
9 500
-
-
Dividends
68 868
85 500
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
11 172
9 500
22 763
25 288
After tax
83 828
85 500
72 237
69 712
Living cost
14 960
14 960
14 960
14 960
Free-cash
68 868
70 540
57 277
54 752

Estimated living cost  is ₴14960 per week

₴9673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13427
-₴13427
₴31639
-₴13427
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
labour market
-
-
-
7 565
municipal
-
-
-
20 007
national
-
-
-
11 391
pensions
-
-
-
431
total
-
-
-
39 394
Employee
101 158
101 158
101 158
-
municipal
21 541
21 541
21 541
-
labour market
8 081
8 081
8 081
-
pensions
144
144
144
-
national
12 358
12 358
12 358
-
total
42 124
42 124
42 124
-
Employer
101 158
101 158
101 158
-
national
12 380
12 380
12 380
-
labour market
8 093
8 093
8 093
-
pensions
288
288
288
-
municipal
21 575
21 575
21 575
-
total
42 336
42 336
42 336
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
95 000
95 000
95 000
95 000
Total tax
84 460
84 460
84 460
39 394
After tax
10 540
10 540
10 540
55 606
Living cost
23 967
23 967
23 967
23 967
Free-cash
-13 427
-13 427
-13 427
31 639

Estimated living cost  is ₴23967 per week

₴16403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴369
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5075
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3252
₴40868
₴53974
₴6015
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
26 562
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
30 079
Employee
17 220
-
85 897
-
pensions
1 939
-
3 853
-
income
2 362
-
20 394
-
health
1 972
-
9 835
-
total
6 273
-
34 082
-
Employer
17 220
-
85 897
-
pensions
2 800
-
5 564
-
accident
288
-
1 435
-
unemployment
422
-
2 104
-
total
3 510
-
9 103
-
Corporate
74 271
95 000
-
-
income

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

66 844
85 500
-
-
total
66 844
85 500
-
-
Dividends
7 427
9 500
-
-
withholding
1 411
1 805
-
-
total
1 411
1 805
-
-
Income
95 000
95 000
95 000
95 000
Total tax
78 038
87 305
43 185
30 079
After tax
16 962
7 695
51 815
64 921
Living cost
10 947
10 947
10 947
10 947
Free-cash
6 015
-3 252
40 868
53 974

Estimated living cost  is ₴10947 per week

₴7968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
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.
₴2149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39966
₴30220
₴41101
₴41394
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
95 000
health
-
-
-
1 255
municipal
-
-
-
16 874
national
-
-
-
16 663
total
-
-
-
34 792
Employee
26 184
-
79 918
-
municipal
4 289
-
13 014
-
unemployment
393
-
1 198
-
pensions
1 767
-
5 395
-
national
433
-
9 962
-
health
195
-
1 023
-
total
7 077
-
30 592
-
Employer
26 184
-
79 918
-
health
201
-
616
-
pensions
4 543
-
13 866
-
accident
26
-
80
-
unemployment
170
-
519
-
total
4 940
-
15 081
-
Corporate
63 876
95 000
-
-
income
12 775
19 000
-
-
total
12 775
19 000
-
-
Dividends

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

38 325
57 000
-
-
municipal
6 898
10 260
-
-
national
2 809
6 667
-
-
total
9 707
16 927
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 499
35 927
45 673
34 792
After tax
60 501
59 073
49 327
60 208
Living cost
19 107
19 107
19 107
19 107
Free-cash
41 394
39 966
30 220
41 101

Estimated living cost  is ₴19107 per week

₴12481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1838
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57757
₴52227
₴53042
₴55047
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
19 961
social contributions
-
-
-
8 052
health
-
-
-
2 422
total
-
-
-
30 435
Employee
38 269
38 269
89 068
-
social contributions
1 447
3 176
4 284
-
income
4 167
3 543
19 520
-
health
297
651
1 514
-
total
5 911
7 370
25 318
-
Employer
38 269
38 269
89 068
-
health
322
708
1 648
-
social contributions
1 447
3 176
4 284
-
total
1 769
3 884
5 932
-
Corporate
75 798
52 847
-
-
income
9 475
6 606
-
-
total
9 475
6 606
-
-
Dividends
66 324
46 240
-
-
withholding
11 275
7 860
-
-
total
11 275
7 860
-
-
Income
95 000
95 000
95 000
95 000
Total tax
28 430
25 720
31 250
30 435
After tax
66 570
69 280
63 750
64 565
Living cost
11 523
11 523
11 523
11 523
Free-cash
55 047
57 757
52 227
53 042

Estimated living cost  is ₴11523 per week

₴6906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1130
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.
₴3232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴70768
₴62409
₴72391
₴68235
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 726
unemployment
-
-
-
14
health
-
-
-
1 801
pensions
-
-
-
3 166
total
-
-
-
14 707
Employee

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

11 423
-
90 136
-
unemployment
57
-
236
-
pensions
1 713
-
7 083
-
income
781
-
8 492
-
health
971
-
4 014
-
total
3 522
-
19 825
-
Employer

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

11 423
-
90 136
-
health
491
-
2 031
-
pensions
628
-
2 597
-
unemployment
57
-
236
-
total
1 176
-
4 864
-
Corporate
82 401
95 000
-
-
income
7 416
8 550
-
-
total
7 416
8 550
-
-
Dividends
74 985
86 450
-
-
withholding
6 749
7 780
-
-
total
6 749
7 780
-
-
Income
95 000
95 000
95 000
95 000
Total tax
18 863
16 330
24 689
14 707
After tax
76 137
78 670
70 311
80 293
Living cost
7 902
7 902
7 902
7 902
Free-cash
68 235
70 768
62 409
72 391

Estimated living cost  is ₴7902 per week

₴5041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴569
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49551
₴37460
₴39547
₴47352
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
416
income
-
-
-
27 929
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
41 768
Employee
18 402
-
80 294
-
other
18
-
46
-
unemployment
285
-
715
-
pensions
865
-
2 168
-
income
3 548
-
26 221
-
total
4 716
-
29 150
-
Employer
18 402
-
80 294
-
pensions
4 342
-
10 886
-
accident
365
-
913
-
unemployment
1 012
-
2 537
-
other
147
-
369
-
total
5 866
-
14 705
-
Corporate
70 731
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.

10 610
14 250
-
-
total
10 610
14 250
-
-
Dividends
60 121
80 750
-
-
withholding
12 771
17 514
-
-
total
12 771
17 514
-
-
Income
95 000
95 000
95 000
95 000
Total tax
33 963
31 764
43 855
41 768
After tax
61 037
63 236
51 145
53 232
Living cost
13 685
13 685
13 685
13 685
Free-cash
47 352
49 551
37 460
39 547

Estimated living cost  is ₴13685 per week

₴9237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1316
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.
₴2893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58272
₴60078
₴60150
₴58106
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
32 574
health
-
-
-
533
pensions
-
-
-
735
total
-
-
-
33 842
Employee
1 535
-
94 173
-
unemployment
15
-
37
-
pensions
138
-
331
-
income
297
-
32 535
-
health
77
-
184
-
total
527
-
33 087
-
Employer
1 535
-
94 173
-
health
146
-
349
-
pensions
169
-
404
-
unemployment
31
-
74
-
total
346
-
827
-
Corporate
93 119
95 000
-
-
income
20 486
20 900
-
-
total
20 486
20 900
-
-
Dividends
72 633
74 100
-
-
withholding
14 527
14 820
-
-
total
14 527
14 820
-
-
Income
95 000
95 000
95 000
95 000
Total tax
35 886
35 720
33 914
33 842
After tax
59 114
59 280
61 086
61 158
Living cost
1 008
1 008
1 008
1 008
Free-cash
58 106
58 272
60 078
60 150

Estimated living cost  is ₴1008 per week

₴599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60048
₴50859
₴50858
₴57604
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 675
unemployment
-
-
-
551
health
-
-
-
3 781
pensions
-
-
-
9 545
total
-
-
-
35 552
Employee

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

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

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

12 954
-
88 429
-
unemployment
97
-
275
-
pensions
1 814
-
5 139
-
income
1 786
-
21 675
-
health
667
-
1 891
-
total
4 364
-
28 980
-
Employer

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

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

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

12 954
-
88 429
-
health
667
-
1 891
-
pensions
1 554
-
4 405
-
unemployment
97
-
275
-
total
2 318
-
6 571
-
Corporate
79 727
95 000
-
-
income
11 959
14 250
-
-
total
11 959
14 250
-
-
Dividends
67 768
80 750
-
-
withholding
10 165
12 112
-
-
total
10 165
12 112
-
-
Income
95 000
95 000
95 000
95 000
Total tax
28 806
26 362
35 551
35 552
After tax
66 194
68 638
59 449
59 448
Living cost
8 590
8 590
8 590
8 590
Free-cash
57 604
60 048
50 859
50 858

Estimated living cost  is ₴8590 per week

₴5784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴664
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40619
₴29787
₴36989
₴40439
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
95 000
income
-
-
-
11 581
surtax
-
-
-
-
social contributions

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

-
-
-
33 013
total
-
-
-
44 594
Employee
19 316
-
76 768
-
surtax
-
-
-
-
social contributions
2 125
-
8 444
-
income
3 774
-
25 120
-
total
5 899
-
33 564
-
Employer
19 316
-
76 768
-
social contributions
4 587
-
18 232
-
total
4 587
-
18 232
-
Corporate
71 097
95 000
-
-
income
14 931
19 950
-
-
surtax
-
-
-
-
total
14 931
19 950
-
-
Dividends
56 167
75 050
-
-
withholding
15 727
21 014
-
-
total
15 727
21 014
-
-
Income
95 000
95 000
95 000
95 000
Total tax
41 144
40 964
51 796
44 594
After tax
53 856
54 036
43 204
50 406
Living cost
13 417
13 417
13 417
13 417
Free-cash
40 439
40 619
29 787
36 989

Estimated living cost  is ₴13417 per week

₴9503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴932
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.
₴2745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45746
₴33655
₴35742
₴42488
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
416
income
-
-
-
27 929
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
41 768
Employee
24 035
-
80 294
-
other
24
-
46
-
unemployment
372
-
715
-
pensions
1 130
-
2 168
-
income
5 020
-
26 221
-
total
6 546
-
29 150
-
Employer
24 035
-
80 294
-
pensions
5 672
-
10 886
-
accident
476
-
913
-
unemployment
1 322
-
2 537
-
other
193
-
369
-
total
7 663
-
14 705
-
Corporate
63 301
95 000
-
-
income

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

9 495
14 250
-
-
total
9 495
14 250
-
-
Dividends
53 806
80 750
-
-
withholding
11 318
17 514
-
-
total
11 318
17 514
-
-
Income
95 000
95 000
95 000
95 000
Total tax
35 022
31 764
43 855
41 768
After tax
59 978
63 236
51 145
53 232
Living cost
17 490
17 490
17 490
17 490
Free-cash
42 488
45 746
33 655
35 742

Estimated living cost  is ₴17490 per week

₴12561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴72666
₴71357
₴67550
₴69633
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
14 250
unemployment
-
-
-
70
health
-
-
-
1 999
pensions

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

-
-
-
2 572
total
-
-
-
18 891
Employee
11 334
-
91 590
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
pensions

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

995
-
1 526
-
income
1 134
-
9 159
-
health
521
-
799
-
total
2 775
-
11 675
-
Employer
11 334
-
91 590
-
health
782
-
1 199
-
pensions

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

1 249
-
1 915
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
unemployment
68
-
104
-
total
2 224
-
3 409
-
Corporate
81 443
95 000
-
-
income
8 144
9 500
-
-
total
8 144
9 500
-
-
Dividends
73 299
85 500
-
-
withholding
3 665
4 275
-
-
total
3 665
4 275
-
-
Income
95 000
95 000
95 000
95 000
Total tax
16 808
13 775
15 084
18 891
After tax
78 192
81 225
79 916
76 109
Living cost
8 559
8 559
8 559
8 559
Free-cash
69 633
72 666
71 357
67 550

Estimated living cost  is ₴8559 per week

₴5661
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.
₴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.
₴2204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29665
₴40547
₴30235
₴36177
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
95 000
income

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

-
-
-
30 179
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.

-
-
-
1 660
health

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

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

-
-
-
3 400
trade
-
-
-
10 312
total
-
-
-
45 551
Employee

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

24 762
-
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.

112
-
1 660
-
income

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

2 036
-
30 179
-
health

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

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

3 400
-
3 400
-
total
5 548
-
35 239
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
70 238
95 000
-
-
income
10 536
14 250
-
-
surtax

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

580
784
-
-
chamber of commerce
178
214
-
-
trade
10 079
13 633
-
-
total
21 373
28 881
-
-
Dividends
48 864
66 119
-
-
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.

661
899
-
-
withholding
12 027
16 341
-
-
total
12 688
17 240
-
-
Income
95 000
95 000
95 000
95 000
Total tax
39 609
46 121
35 239
45 551
After tax
55 391
48 879
59 761
49 449
Living cost
19 214
19 214
19 214
19 214
Free-cash
36 177
29 665
40 547
30 235

Estimated living cost  is ₴19214 per week

₴13254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2067
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38150
₴20856
₴20856
₴39248
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 774
social contributions
-
-
-
16 020
total
-
-
-
45 794
Employee
38 929
-
95 000
-
income
7 346
-
29 774
-
social contributions
3 234
-
16 020
-
total
10 580
-
45 794
-
Employer
38 929
-
95 000
-
total
-
-
-
-
Corporate
56 071
95 000
-
-
income
7 009
11 875
-
-
total
7 009
11 875
-
-
Dividends
49 062
83 125
-
-
withholding
9 813
16 625
-
-
total
9 813
16 625
-
-
Income
95 000
95 000
95 000
95 000
Total tax
27 402
28 500
45 794
45 794
After tax
67 598
66 500
49 206
49 206
Living cost
28 350
28 350
28 350
28 350
Free-cash
39 248
38 150
20 856
20 856

Estimated living cost  is ₴28350 per week

₴21568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2310
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41055
₴49033
₴59667
₴42795
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

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

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

-
-
-
3 017
total
-
-
-
17 267
Employee
22 830
-
92 711
-
income
2 477
-
23 323
-
social contributions
2 287
-
2 289
-
total
4 764
-
25 612
-
Employer
22 830
-
92 711
-
social contributions
2 287
-
2 289
-
total
2 287
-
2 289
-
Corporate
69 882
95 000
-
-
income
24 459
33 250
-
-
total
24 459
33 250
-
-
Dividends
45 423
61 750
-
-
social contributions
2 629
2 629
-
-
total
2 629
2 629
-
-
Income
95 000
95 000
95 000
95 000
Total tax
34 139
35 879
27 901
17 267
After tax
60 861
59 121
67 099
77 733
Living cost
18 066
18 066
18 066
18 066
Free-cash
42 795
41 055
49 033
59 667

Estimated living cost  is ₴18066 per week

₴11900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
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.
₴4464
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42919
₴35414
₴43972
₴45861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
income
-
-
-
27 940
pensions
-
-
-
4 622
total
-
-
-
32 562
Employee
25 347
-
82 919
-
pensions
1 935
-
5 630
-
income
4 616
-
22 235
-
health
331
-
1 174
-
total
6 882
-
29 039
-
Employer
25 347
-
82 919
-
health
482
-
1 576
-
pensions
2 561
-
10 505
-
total
3 043
-
12 081
-
Corporate
66 610
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.

12 656
18 050
-
-
total
12 656
18 050
-
-
Dividends
53 955
76 950
-
-
withholding
8 092
15 565
-
-
total
8 092
15 565
-
-
Income
95 000
95 000
95 000
95 000
Total tax
30 673
33 615
41 120
32 562
After tax
64 327
61 385
53 880
62 438
Living cost
18 466
18 466
18 466
18 466
Free-cash
45 861
42 919
35 414
43 972

Estimated living cost  is ₴18466 per week

₴12668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4336
₴39784
₴52890
₴5849
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
26 562
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
30 079
Employee
18 925
-
85 897
-
pensions
2 131
-
3 853
-
income
2 596
-
20 394
-
health
2 167
-
9 835
-
total
6 894
-
34 082
-
Employer
18 925
-
85 897
-
pensions
3 077
-
5 564
-
accident
316
-
1 435
-
unemployment
464
-
2 104
-
total
3 857
-
9 103
-
Corporate
72 219
95 000
-
-
income

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

64 997
85 500
-
-
total
64 997
85 500
-
-
Dividends
7 222
9 500
-
-
withholding
1 372
1 805
-
-
total
1 372
1 805
-
-
Income
95 000
95 000
95 000
95 000
Total tax
77 120
87 305
43 185
30 079
After tax
17 880
7 695
51 815
64 921
Living cost
12 031
12 031
12 031
12 031
Free-cash
5 849
-4 336
39 784
52 890

Estimated living cost  is ₴12031 per week

₴8829
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
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.
₴2258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65951
₴61556
₴50611
₴70890
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
95 000
income
-
-
-
15 774
unemployment
-
-
-
955
work injury
-
-
-
398
health insurance
-
-
-
5 891
pensions
-
-
-
14 647
total
-
-
-
37 665
Employee

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

10 758
-
95 000
-
health insurance
796
-
2 945
-
unemployment
129
-
478
-
work injury
54
-
199
-
pensions
1 979
-
7 324
-
income
1 076
-
15 774
-
total
4 034
-
26 720
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
84 242
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%.

842
9 500
-
-
total
842
9 500
-
-
Dividends
83 400
85 500
-
-
withholding
12 510
12 825
-
-
total
12 510
12 825
-
-
Income
95 000
95 000
95 000
95 000
Total tax
17 386
22 325
26 720
37 665
After tax
77 614
72 675
68 280
57 335
Living cost
6 724
6 724
6 724
6 724
Free-cash
70 890
65 951
61 556
50 611

Estimated living cost  is ₴6724 per week

₴4165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30213
₴19853
₴24023
₴27950
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 000
social contributions
-
-
-
24 434
regional
-
-
-
2 184
municipal
-
-
-
635
national
-
-
-
23 898
total
-
-
-
51 151
Employee
41 937
-
95 000
-
municipal
250
-
567
-
national
7 087
-
20 782
-
regional
633
-
1 938
-
social contributions
14 141
-
32 034
-
total
22 111
-
55 321
-
Employer
41 937
-
95 000
-
total
-
-
-
-
Corporate
53 063
95 000
-
-
municipal
2 558
4 579
-
-
nationa
12 735
22 800
-
-
total
15 293
27 379
-
-
Dividends
37 771
67 621
-
-
withholding
9 820
17 582
-
-
total
9 820
17 582
-
-
Income
95 000
95 000
95 000
95 000
Total tax
47 224
44 961
55 321
51 151
After tax
47 776
50 039
39 679
43 849
Living cost
19 826
19 826
19 826
19 826
Free-cash
27 950
30 213
19 853
24 023

Estimated living cost  is ₴19826 per week

₴13927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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