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
₴ 95500
per

Your estimated
City
free-cash

Dresden , Germany
₴35127
₴39877
₴34196
₴46092
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 500
trade
-
-
-
11 896
income

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

-
-
-
31 722
health

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

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

-
-
-
2 934
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.

-
-
-
1 745
total
-
-
-
48 297
Employee

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

16 425
-
95 500
-
health

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

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

2 934
-
2 934
-
surtax

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

25
-
1 745
-
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.

459
-
31 722
-
total
3 418
-
36 401
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
79 075
95 500
-
-
surtax

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

653
788
-
-
income
11 861
14 325
-
-
trade
12 455
15 041
-
-
chamber of commerce
178
202
-
-
total
25 147
30 356
-
-
Dividends
53 928
65 144
-
-
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.

733
887
-
-
withholding
13 318
16 123
-
-
total
14 051
17 010
-
-
Income
95 500
95 500
95 500
95 500
Total tax
42 616
47 366
36 401
48 297
After tax
52 884
48 134
59 099
47 203
Living cost
13 007
13 007
13 007
13 007
Free-cash
39 877
35 127
46 092
34 196

Estimated living cost  is ₴13007 per week

₴8182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
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.
₴3066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37925
₴37564
₴32783
₴33295
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
municipal
-
-
-
10 605
pensions
-
-
-
11 460
national
-
-
-
17 958
social contributions
-
-
-
1 027
total
-
-
-
41 050
Employee
33 588
-
82 559
-
municipal
4 149
-
10 975
-
pensions
1 344
-
3 302
-
national
6 429
-
18 768
-
total
11 922
-
33 045
-
Employer
33 588
-
82 559
-
social contributions
361
-
888
-
pensions
2 687
-
6 605
-
total
3 048
-
7 493
-
Corporate
56 647
95 500
-
-
income

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

11 329
19 100
-
-
total
11 329
19 100
-
-
Dividends
45 318
76 400
-
-
withholding
9 970
16 808
-
-
total
9 970
16 808
-
-
Income
95 500
95 500
95 500
95 500
Total tax
36 269
35 908
40 538
41 050
After tax
59 231
59 592
54 962
54 450
Living cost
21 667
21 667
21 667
21 667
Free-cash
37 564
37 925
33 295
32 783

Estimated living cost  is ₴21667 per week

₴14727
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67466
₴63942
₴25726
₴32528
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 500
microenterprise
-
-
-
-
income
-
-
-
20 033
surtax
-
-
-
24 353
social contributions

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

-
-
-
16 454
total
-
-
-
60 840
Employee
12 548
-
74 929
-
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.

1 381
-
5 630
-
surtax
-
-
10 865
-
income
2 234
-
16 972
-
total
3 615
-
33 467
-
Employer
12 548
-
74 929
-
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.

3 023
-
12 329
-
surtax
-
-
8 242
-
total
3 023
-
20 571
-
Corporate
79 929
95 500
-
-
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%.

15 986
19 100
-
-
total
15 986
19 100
-
-
Dividends

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

63 943
76 400
-
-
total
-
-
-
-
Income
95 500
95 500
95 500
95 500
Total tax
22 624
19 100
54 038
60 840
After tax
72 876
76 400
41 462
34 660
Living cost
8 934
8 934
8 934
8 934
Free-cash
63 942
67 466
32 528
25 726

Estimated living cost  is ₴8934 per week

₴5700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29588
₴26957
₴33353
₴43090
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
33 831
pensions
-
-
-
5 031
health
-
-
-
5 295
total
-
-
-
44 157
Employee
36 672
36 672
87 519
-
health
5 629
4 788
5 295
-
income

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

6 003
6 003
16 113
-
pensions
6 601
5 031
5 031
-
total
18 233
15 822
26 439
-
Employer
36 672
36 672
87 519
-
unemployment
1 320
1 320
1 640
-
pensions
2 552
2 552
3 173
-
health
2 549
2 549
3 168
-
total
6 421
6 421
7 981
-
Corporate
52 856
52 406
-
-
income
10 571
10 481
-
-
total
10 571
10 481
-
-
Dividends
42 285
41 925
-
-
income
8 985
8 909
-
-
withholding
6 343
6 289
-
-
total
15 328
15 198
-
-
Income
95 500
95 500
95 500
95 500
Total tax
50 553
47 922
34 420
44 157
After tax
44 947
47 578
61 080
51 343
Living cost
17 990
17 990
17 990
17 990
Free-cash
26 957
29 588
43 090
33 353

Estimated living cost  is ₴17990 per week

₴12749
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.
₴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.
₴3333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35597
₴35225
₴31108
₴30707
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
municipal
-
-
-
25 345
accident
-
-
-
72
pensions
-
-
-
3 920
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
11 996
total
-
-
-
47 846
Employee
23 577
-
84 106
-
municipal
7 031
-
25 080
-
national
-
-
11 774
-
total
7 031
-
36 854
-
Employer
23 577
-
84 106
-
accident
47
-
72
-
other
2 740
-
4 214
-
unemployment
622
-
957
-
pensions
2 549
-
3 920
-
health
1 450
-
2 230
-
total
7 408
-
11 393
-
Corporate
64 515
95 500
-
-
income
14 193
21 010
-
-
total
14 193
21 010
-
-
Dividends
50 322
74 490
-
-
withholding
15 097
22 347
-
-
total
15 097
22 347
-
-
Income
95 500
95 500
95 500
95 500
Total tax
43 729
43 357
48 247
47 846
After tax
51 771
52 143
47 253
47 654
Living cost
16 546
16 546
16 546
16 546
Free-cash
35 225
35 597
30 707
31 108

Estimated living cost  is ₴16546 per week

₴10966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3705
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴30772
₴36806
₴29804
₴42229
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 500
trade
-
-
-
12 425
income

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

-
-
-
31 722
health

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

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

-
-
-
2 934
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.

-
-
-
1 745
total
-
-
-
48 826
Employee

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

21 778
-
95 500
-
health

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

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

2 934
-
2 934
-
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.

103
-
1 745
-
income

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

1 871
-
31 722
-
total
4 908
-
36 401
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
73 722
95 500
-
-
surtax

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

608
788
-
-
income
11 059
14 325
-
-
trade
12 127
15 710
-
-
chamber of commerce
170
201
-
-
total
23 964
31 024
-
-
Dividends
49 758
64 476
-
-
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.

676
878
-
-
withholding
12 276
15 956
-
-
total
12 952
16 834
-
-
Income
95 500
95 500
95 500
95 500
Total tax
41 824
47 858
36 401
48 826
After tax
53 676
47 642
59 099
46 674
Living cost
16 870
16 870
16 870
16 870
Free-cash
36 806
30 772
42 229
29 804

Estimated living cost  is ₴16870 per week

₴11283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55674
₴53893
₴50351
₴49565
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
21 837
health
-
-
-
2 435
social contributions
-
-
-
6 948
total
-
-
-
31 220
Employee
33 022
33 022
90 136
-
social contributions
1 605
2 741
3 697
-
health
328
561
1 532
-
income
3 468
3 057
21 413
-
total
5 401
6 359
26 642
-
Employer
33 022
33 022
90 136
-
social contributions
1 605
2 741
3 697
-
health
358
611
1 667
-
total
1 963
3 352
5 364
-
Corporate
74 208
59 127
-
-
income
9 276
7 391
-
-
total
9 276
7 391
-
-
Dividends
64 932
51 736
-
-
withholding
11 038
8 795
-
-
total
11 038
8 795
-
-
Income
95 500
95 500
95 500
95 500
Total tax
27 678
25 897
32 006
31 220
After tax
67 822
69 603
63 494
64 280
Living cost
13 929
13 929
13 929
13 929
Free-cash
53 893
55 674
49 565
50 351

Estimated living cost  is ₴13929 per week

₴9522
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45826
₴45988
₴58379
₴47582
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
11 675
pensions
-
-
-
9 550
unemployment
-
-
-
1 432
health
-
-
-
6 685
total
-
-
-
29 342
Employee

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

The minimum wage is 138,000 HUF per month.

11 229
4 469
79 916
-
health
786
313
5 594
-
income
1 373
546
9 770
-
pensions
1 123
447
7 992
-
unemployment
168
67
1 199
-
total
3 450
1 373
24 555
-
Employer

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

The minimum wage is 138,000 HUF per month.

11 229
4 469
79 916
-
pensions
2 190
871
15 584
-
total
2 190
871
15 584
-
Corporate
82 081
90 160
-
-
income
7 387
8 114
-
-
total
7 387
8 114
-
-
Dividends
74 694
82 045
-
-
social contributions
14 514
15 948
-
-
withholding
14 192
15 589
-
-
total
28 706
31 537
-
-
Income
95 500
95 500
95 500
95 500
Total tax
41 733
41 895
40 139
29 342
After tax
53 767
53 605
55 361
66 158
Living cost
7 779
7 779
7 779
7 779
Free-cash
45 988
45 826
47 582
58 379

Estimated living cost  is ₴7779 per week

₴5308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴66028
₴63359
₴40816
₴44673
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
12 797
pensions
-
-
-
19 100
health
-
-
-
12 415
total
-
-
-
44 312
Employee
12 182
-
71 375
-
income
1 372
-
13 761
-
pensions
244
-
1 428
-
unemployment
195
-
1 142
-
total
1 811
-
16 331
-
Employer
12 182
-
71 375
-
unemployment
98
-
571
-
pensions
2 437
-
14 274
-
health
1 583
-
9 279
-
total
4 118
-
24 124
-
Corporate
79 200
95 500
-
-
income
15 840
19 100
-
-
total
15 840
19 100
-
-
Dividends
63 360
76 400
-
-
total
-
-
-
-
Income
95 500
95 500
95 500
95 500
Total tax
21 769
19 100
40 455
44 312
After tax
73 731
76 400
55 045
51 188
Living cost
10 372
10 372
10 372
10 372
Free-cash
63 359
66 028
44 673
40 816

Estimated living cost  is ₴10372 per week

₴7114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2432
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1643
₴6299
₴55831
₴43211
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
accident
-
-
-
108
income
-
-
-
27 320
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
30 290
Employee
14 754
-
87 210
-
health
1 689
-
9 986
-
income
2 024
-
21 381
-
pensions
1 661
-
3 253
-
total
5 374
-
34 620
-
Employer
14 754
-
87 210
-
accident
246
-
1 456
-
unemployment
361
-
2 137
-
pensions
2 399
-
4 697
-
total
3 006
-
8 290
-
Corporate
77 739
95 500
-
-
income

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

69 965
85 950
-
-
total
69 965
85 950
-
-
Dividends
7 774
9 550
-
-
withholding
1 477
1 814
-
-
total
1 477
1 814
-
-
Income
95 500
95 500
95 500
95 500
Total tax
79 822
87 764
42 910
30 290
After tax
15 678
7 736
52 590
65 210
Living cost
9 379
9 379
9 379
9 379
Free-cash
6 299
-1 643
43 211
55 831

Estimated living cost  is ₴9379 per week

₴6874
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴520
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴86811
₴86078
₴90631
₴72486
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
95 500
microenterprise

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

-
-
-
955
total
-
-
-
955
Employee
4 892
-
95 500
-
income
978
-
19 100
-
total
978
-
19 100
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

90 608
95 500
-
-
total
-
-
-
-
Dividends
90 608
95 500
-
-
withholding
4 530
4 775
-
-
total
4 530
4 775
-
-
Income
95 500
95 500
95 500
95 500
Total tax
5 508
4 775
19 100
955
After tax
89 992
90 725
76 400
94 545
Living cost
3 914
3 914
3 914
3 914
Free-cash
86 078
86 811
72 486
90 631

Estimated living cost  is ₴3914 per week

₴2425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴108
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58721
₴55820
₴45763
₴44971
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
16 646
pensions

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

-
-
-
15 673
other
-
-
-
3 102
health
-
-
-
2 873
total
-
-
-
38 294
Employee
15 592
-
78 935
-
health
218
-
914
-
income
2 684
-
16 382
-
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.

1 091
-
4 571
-
unemployment
156
-
653
-
total
4 149
-
22 520
-
Employer
15 592
-
78 935
-
accident
125
-
632
-
other
780
-
3 265
-
unemployment
156
-
653
-
pensions

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

2 651
-
11 102
-
health
218
-
914
-
total
3 930
-
16 566
-
Corporate
75 978
95 500
-
-
income
15 956
20 055
-
-
total
15 956
20 055
-
-
Dividends
60 022
75 445
-
-
withholding
4 202
5 281
-
-
total
4 202
5 281
-
-
Income
95 500
95 500
95 500
95 500
Total tax
28 237
25 336
39 086
38 294
After tax
67 263
70 164
56 414
57 206
Living cost
11 443
11 443
11 443
11 443
Free-cash
55 820
58 721
44 971
45 763

Estimated living cost  is ₴11443 per week

₴8085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31518
₴34997
₴32967
₴24429
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
29 350
pensions
-
-
-
4 276
total
-
-
-
33 626
Employee
40 899
-
83 245
-
health
674
-
1 132
-
income
7 373
-
23 659
-
pensions
3 946
-
5 118
-
total
11 993
-
29 909
-
Employer
40 899
-
83 245
-
pensions
4 829
-
10 673
-
health
777
-
1 582
-
total
5 606
-
12 255
-
Corporate
48 995
95 500
-
-
income

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

9 309
18 145
-
-
total
9 309
18 145
-
-
Dividends
39 686
77 355
-
-
withholding
4 688
16 930
-
-
total
4 688
16 930
-
-
Income
95 500
95 500
95 500
95 500
Total tax
31 596
35 075
42 164
33 626
After tax
63 904
60 425
53 336
61 874
Living cost
28 907
28 907
28 907
28 907
Free-cash
34 997
31 518
24 429
32 967

Estimated living cost  is ₴28907 per week

₴21661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3396
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.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴76022
₴74028
₴71540
₴75499
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
14 325
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
18 330
Employee
7 454
-
92 558
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
745
-
9 256
-
pensions

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

654
-
1 317
-
total
1 824
-
11 428
-
Employer
7 454
-
92 558
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 653
-
health
515
-
1 035
-
total
1 464
-
2 943
-
Corporate
86 583
95 500
-
-
income
8 658
9 550
-
-
total
8 658
9 550
-
-
Dividends
77 925
85 950
-
-
withholding
3 896
4 298
-
-
total
3 896
4 298
-
-
Income
95 500
95 500
95 500
95 500
Total tax
15 842
13 848
14 371
18 330
After tax
79 658
81 652
81 129
77 170
Living cost
5 629
5 629
5 629
5 629
Free-cash
74 028
76 022
75 499
71 540

Estimated living cost  is ₴5629 per week

₴3287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23765
₴24845
₴27530
₴37267
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
33 831
pensions
-
-
-
5 031
health
-
-
-
5 295
total
-
-
-
44 157
Employee
39 814
36 672
87 519
-
health
4 967
4 788
5 295
-
income

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

6 003
6 003
16 113
-
pensions
5 031
5 031
5 031
-
total
16 001
15 822
26 439
-
Employer
39 814
36 672
87 519
-
unemployment
1 433
1 320
1 640
-
pensions
2 771
2 552
3 173
-
health
2 767
2 549
3 168
-
total
6 971
6 421
7 981
-
Corporate
48 715
52 406
-
-
income
9 743
10 481
-
-
total
9 743
10 481
-
-
Dividends
38 972
41 925
-
-
income
8 281
8 909
-
-
withholding
5 846
6 289
-
-
total
14 127
15 198
-
-
Income
95 500
95 500
95 500
95 500
Total tax
46 842
47 922
34 420
44 157
After tax
48 658
47 578
61 080
51 343
Living cost
23 813
23 813
23 813
23 813
Free-cash
24 845
23 765
37 267
27 530

Estimated living cost  is ₴23813 per week

₴17566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55488
₴51827
₴46191
₴41998
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
10 176
health
-
-
-
12 892
solidarity contribution
-
-
-
1 208
social contributions
-
-
-
14 769
total
-
-
-
39 045
Employee
15 094
-
76 014
-
social contributions
981
-
3 288
-
health
2 038
-
10 262
-
solidarity contribution
-
-
832
-
income
1 811
-
9 370
-
total
4 830
-
23 752
-
Employer
15 094
-
76 014
-
social contributions
3 773
-
12 645
-
health
1 358
-
6 841
-
total
5 131
-
19 486
-
Corporate
75 274
95 500
-
-
income
14 302
18 145
-
-
total
14 302
18 145
-
-
Dividends
60 972
77 355
-
-
withholding
9 146
11 603
-
-
total
9 146
11 603
-
-
Income
95 500
95 500
95 500
95 500
Total tax
33 409
29 748
43 238
39 045
After tax
62 091
65 752
52 262
56 455
Living cost
10 264
10 264
10 264
10 264
Free-cash
51 827
55 488
41 998
46 191

Estimated living cost  is ₴10264 per week

₴7129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32833
₴30591
₴27835
₴24194
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
municipal
-
-
-
592
regional
-
-
-
1 202
national
-
-
-
26 257
social contributions
-
-
-
21 493
total
-
-
-
49 544
Employee
38 166
-
95 500
-
social contributions
12 869
-
28 178
-
regional
360
-
1 086
-
municipal
202
-
539
-
national
6 613
-
23 382
-
total
20 044
-
53 185
-
Employer
38 166
-
95 500
-
total
-
-
-
-
Corporate
57 334
95 500
-
-
nationa
13 760
22 920
-
-
municipal
2 236
3 724
-
-
total
15 996
26 644
-
-
Dividends
41 338
68 856
-
-
withholding
10 748
17 902
-
-
total
10 748
17 902
-
-
Income
95 500
95 500
95 500
95 500
Total tax
46 788
44 546
53 185
49 544
After tax
48 712
50 954
42 315
45 956
Living cost
18 121
18 121
18 121
18 121
Free-cash
30 591
32 833
24 194
27 835

Estimated living cost  is ₴18121 per week

₴12631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4023
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50593
₴49258
₴35453
₴32828
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
29 911
pensions
-
-
-
11 463
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 069
surtax
-
-
-
5 030
total
-
-
-
50 571
Employee
14 201
-
83 436
-
other
-
-
-
-
health
363
-
1 461
-
surtax
46
-
4 516
-
income
2 380
-
27 343
-
pensions
947
-
3 823
-
unemployment
989
-
3 989
-
total
4 725
-
41 132
-
Employer
14 201
-
83 436
-
other
-
-
-
-
unemployment
450
-
1 816
-
pensions
1 893
-
7 640
-
health
646
-
2 608
-
total
2 989
-
12 064
-
Corporate
78 310
95 500
-
-
income
20 360
24 830
-
-
total
20 360
24 830
-
-
Dividends
57 949
70 670
-
-
withholding
8 692
10 601
-
-
total
8 692
10 601
-
-
Income
95 500
95 500
95 500
95 500
Total tax
36 766
35 431
53 196
50 571
After tax
58 734
60 069
42 304
44 929
Living cost
9 476
9 476
9 476
9 476
Free-cash
49 258
50 593
32 828
35 453

Estimated living cost  is ₴9476 per week

₴5794
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40676
₴43531
₴42125
₴33587
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
29 350
pensions
-
-
-
4 276
total
-
-
-
33 626
Employee
27 410
-
83 245
-
health
398
-
1 132
-
income
4 937
-
23 659
-
pensions
2 326
-
5 118
-
total
7 661
-
29 909
-
Employer
27 410
-
83 245
-
pensions
2 967
-
10 673
-
health
521
-
1 582
-
total
3 488
-
12 255
-
Corporate
64 603
95 500
-
-
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.

12 275
18 145
-
-
total
12 275
18 145
-
-
Dividends
52 328
77 355
-
-
withholding
8 796
16 930
-
-
total
8 796
16 930
-
-
Income
95 500
95 500
95 500
95 500
Total tax
32 220
35 075
42 164
33 626
After tax
63 280
60 425
53 336
61 874
Living cost
19 749
19 749
19 749
19 749
Free-cash
43 531
40 676
33 587
42 125

Estimated living cost  is ₴19749 per week

₴14795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴10873
₴24905
₴43006
₴39492
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
city
-
-
-
1 007
pensions
-
-
-
8 786
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.

-
-
-
1 910
regional
-
-
-
5 335
health
-
-
-
215
national
-
-
-
2 444
total
-
-
-
19 697
Employee
38 381
-
85 938
-
city
412
-
929
-
regional
1 257
-
4 751
-
health
87
-
194
-
pensions
3 224
-
6 705
-
unemployment
-
-
-
-
national
182
-
2 015
-
total
5 162
-
14 594
-
Employer
38 381
-
85 938
-
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.

767
-
1 718
-
unemployment
-
-
-
-
pensions
3 224
-
6 705
-
health
87
-
194
-
total
4 078
-
8 617
-
Corporate
52 619
95 500
-
-
regional
11 129
20 198
-
-
national
4 473
8 118
-
-
total
15 602
28 316
-
-
Dividends
37 017
67 184
-
-
withholding
12 956
23 514
-
-
total
12 956
23 514
-
-
Income
95 500
95 500
95 500
95 500
Total tax
37 798
51 830
23 211
19 697
After tax
57 702
43 670
72 289
75 803
Living cost
32 797
32 797
32 797
32 797
Free-cash
24 905
10 873
39 492
43 006

Estimated living cost  is ₴32797 per week

₴21327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8124
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴27477
₴34443
₴26472
₴39426
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 500
trade
-
-
-
12 954
income

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

-
-
-
31 722
health

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

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

-
-
-
2 934
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.

-
-
-
1 745
total
-
-
-
49 355
Employee

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

25 808
-
95 500
-
health

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

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

2 934
-
2 934
-
surtax

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

167
-
1 745
-
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.

3 035
-
31 722
-
total
6 136
-
36 401
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 692
95 500
-
-
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
788
-
-
income
10 454
14 325
-
-
trade
11 952
16 379
-
-
chamber of commerce
163
200
-
-
total
23 144
31 692
-
-
Dividends
46 548
63 809
-
-
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.

631
869
-
-
withholding
11 473
15 789
-
-
total
12 104
16 658
-
-
Income
95 500
95 500
95 500
95 500
Total tax
41 384
48 350
36 401
49 355
After tax
54 116
47 150
59 099
46 145
Living cost
19 673
19 673
19 673
19 673
Free-cash
34 443
27 477
39 426
26 472

Estimated living cost  is ₴19673 per week

₴14368
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3476
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33440
₴35977
₴37663
₴34937
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
17 669
pensions
-
-
-
15 136
other
-
-
-
2 961
health
-
-
-
4 658
surtax
-
-
-
-
social contributions
-
-
-
2 721
total
-
-
-
43 145
Employee
18 379
-
72 893
-
social contributions
524
-
2 076
-
surtax
-
-
-
-
income
1 085
-
15 697
-
pensions
2 078
-
5 491
-
total
3 687
-
23 264
-
Employer
18 379
-
72 893
-
other
634
-
3 024
-
social contributions
55
-
218
-
unemployment
744
-
2 953
-
pensions
3 019
-
9 168
-
health
1 287
-
7 244
-
total
5 739
-
22 607
-
Corporate
71 381
95 500
-
-
surtax
-
-
-
-
income
19 987
26 740
-
-
total
19 987
26 740
-
-
Dividends
51 394
68 760
-
-
surtax
-
-
-
-
social contributions
8 840
11 827
-
-
withholding
6 578
8 801
-
-
total
15 418
20 628
-
-
Income
95 500
95 500
95 500
95 500
Total tax
44 831
47 368
45 871
43 145
After tax
50 669
48 132
49 629
52 355
Living cost
14 692
14 692
14 692
14 692
Free-cash
35 977
33 440
34 937
37 663

Estimated living cost  is ₴14692 per week

₴9264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3984
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34895
₴37279
₴39118
₴36392
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
17 669
pensions
-
-
-
15 136
other
-
-
-
2 961
health
-
-
-
4 658
surtax
-
-
-
-
social contributions
-
-
-
2 721
total
-
-
-
43 145
Employee
16 406
-
72 893
-
social contributions
468
-
2 076
-
surtax
-
-
-
-
income
846
-
15 697
-
pensions
1 856
-
5 491
-
total
3 170
-
23 264
-
Employer
16 406
-
72 893
-
other
566
-
3 024
-
social contributions
49
-
218
-
unemployment
664
-
2 953
-
pensions
2 696
-
9 168
-
health
1 148
-
7 244
-
total
5 123
-
22 607
-
Corporate
73 970
95 500
-
-
surtax
-
-
-
-
income
20 712
26 740
-
-
total
20 712
26 740
-
-
Dividends
53 259
68 760
-
-
surtax
-
-
-
-
social contributions
9 162
11 827
-
-
withholding
6 817
8 801
-
-
total
15 979
20 628
-
-
Income
95 500
95 500
95 500
95 500
Total tax
44 984
47 368
45 871
43 145
After tax
50 516
48 132
49 629
52 355
Living cost
13 237
13 237
13 237
13 237
Free-cash
37 279
34 895
36 392
39 118

Estimated living cost  is ₴13237 per week

₴7677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3965
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49157
₴49380
₴52224
₴49671
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
14 325
health
-
-
-
6 666
social contributions
-
-
-
13 179
total
-
-
-
34 170
Employee
14 560
-
95 500
-
social contributions
2 010
-
13 179
-
health
1 016
-
6 666
-
income
2 429
-
16 878
-
total
5 455
-
36 723
-
Employer
14 560
-
95 500
-
total
-
-
-
-
Corporate
80 940
95 500
-
-
income

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

4 047
4 775
-
-
total
4 047
4 775
-
-
Dividends
76 893
90 725
-
-
health
5 367
6 333
-
-
social contributions
10 611
12 520
-
-
withholding
11 534
13 609
-
-
total
27 512
32 462
-
-
Income
95 500
95 500
95 500
95 500
Total tax
37 014
37 237
36 723
34 170
After tax
58 486
58 263
58 777
61 330
Living cost
9 106
9 106
9 106
9 106
Free-cash
49 380
49 157
49 671
52 224

Estimated living cost  is ₴9106 per week

₴6094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37521
₴36854
₴33809
₴9917
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
chamber of commerce
-
-
-
382
income
-
-
-
30 339
pensions
-
-
-
9 281
unemployment
-
-
-
2 634
health
-
-
-
3 838
surtax
-
-
-
85
total
-
-
-
46 559
Employee
21 461
17 114
78 881
-
other
214
171
502
-
health
830
663
1 941
-
income
2 443
1 262
25 434
-
pensions
2 198
1 752
5 137
-
unemployment
644
513
1 505
-
total
6 329
4 361
34 519
-
Employer
21 461
17 114
78 881
-
accident
279
222
652
-
other
1 019
812
3 503
-
chamber of commerce
86
68
315
-
unemployment
644
513
1 505
-
surtax
85
85
85
-
pensions
2 693
2 148
6 296
-
payroll
644
513
2 367
-
health
811
647
1 896
-
total
6 261
5 008
16 619
-
Corporate
67 778
73 376
77 251
-
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.

16 945
18 344
19 313
-
total
16 945
18 344
19 313
-
Dividends
50 833
55 032
-
-
withholding
13 979
15 134
-
-
total
13 979
15 134
-
-
Income
95 500
95 500
95 500
95 500
Total tax
43 514
42 847
70 451
46 559
After tax
51 986
52 653
25 049
48 941
Living cost
15 132
15 132
15 132
15 132
Free-cash
36 854
37 521
9 917
33 809

Estimated living cost  is ₴15132 per week

₴10092
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
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.
₴3500
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36812
₴31272
₴25872
₴16855
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
national
-
-
-
38 175
communal

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

-
-
-
5 088
social contributions
-
-
-
10 707
total
-
-
-
53 970
Employee

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

30 718
-
73 969
-
communal

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

1 602
-
3 858
-
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.

1 443
-
3 477
-
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.

2 304
-
5 547
-
unemployment

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

267
-
644
-
national
9 444
-
27 929
-
total
15 060
-
41 455
-
Employer

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

30 718
-
73 969
-
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.

399
-
962
-
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.

448
-
1 080
-
surtax
3 483
-
8 387
-
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.

2 722
-
6 554
-
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.

1 889
-
4 549
-
total
8 941
-
21 532
-
Corporate
55 841
95 500
-
-
surtax
223
407
-
-
income
11 168
20 360
-
-
total
11 391
20 767
-
-
Dividends
44 450
74 732
-
-
withholding

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

13 178
22 263
-
-
total
13 178
22 263
-
-
Income
95 500
95 500
95 500
95 500
Total tax
48 570
43 030
62 987
53 970
After tax
46 930
52 470
32 513
41 530
Living cost
15 658
15 658
15 658
15 658
Free-cash
31 272
36 812
16 855
25 872

Estimated living cost  is ₴15658 per week

₴10086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47909
₴44967
₴37863
₴36061
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
accident
-
-
-
359
income
-
-
-
30 186
pensions
-
-
-
11 264
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
42 128
Employee
21 376
-
82 811
-
other
21
-
40
-
income
4 510
-
28 712
-
pensions
1 005
-
1 871
-
unemployment
332
-
617
-
total
5 868
-
31 240
-
Employer
21 376
-
82 811
-
accident
423
-
788
-
other
170
-
319
-
unemployment
1 176
-
2 189
-
pensions
5 044
-
9 394
-
total
6 813
-
12 690
-
Corporate
67 310
95 500
-
-
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.

10 096
14 325
-
-
total
10 096
14 325
-
-
Dividends
57 214
81 175
-
-
withholding
12 247
17 757
-
-
total
12 247
17 757
-
-
Income
95 500
95 500
95 500
95 500
Total tax
35 024
32 082
43 930
42 128
After tax
60 476
63 418
51 570
53 372
Living cost
15 509
15 509
15 509
15 509
Free-cash
44 967
47 909
36 061
37 863

Estimated living cost  is ₴15509 per week

₴11421
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30839
₴24937
₴21656
₴25464
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
accident
-
-
-
805
income
-
-
-
17 908
pensions
-
-
-
14 314
health
-
-
-
6 710
surtax
-
-
-
4 735
communal
-
-
-
6 035
total
-
-
-
50 507
Employee
32 521
-
85 306
-
health
1 447
-
3 796
-
surtax
1 993
-
5 228
-
income
3 141
-
20 657
-
pensions
2 601
-
6 824
-
total
9 182
-
36 505
-
Employer
32 521
-
85 306
-
accident
293
-
768
-
pensions
2 601
-
6 824
-
health
992
-
2 602
-
total
3 886
-
10 194
-
Corporate
59 094
95 500
-
-
surtax
620
1 002
-
-
communal
3 989
6 446
-
-
income
8 864
14 325
-
-
total
13 473
21 773
-
-
Dividends
45 620
73 727
-
-
income
13 842
8 492
-
-
withholding
6 843
11 059
-
-
total
20 685
19 551
-
-
Income
95 500
95 500
95 500
95 500
Total tax
47 226
41 324
46 699
50 507
After tax
48 274
54 176
48 801
44 993
Living cost
23 337
23 337
23 337
23 337
Free-cash
24 937
30 839
25 464
21 656

Estimated living cost  is ₴23337 per week

₴17506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50423
₴49059
₴35283
₴32658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
29 911
pensions
-
-
-
11 463
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 069
surtax
-
-
-
5 030
total
-
-
-
50 571
Employee
14 462
-
83 436
-
other
-
-
-
-
health
369
-
1 461
-
surtax
51
-
4 516
-
income
2 424
-
27 343
-
pensions
965
-
3 823
-
unemployment
1 006
-
3 989
-
total
4 815
-
41 132
-
Employer
14 462
-
83 436
-
other
-
-
-
-
unemployment
459
-
1 816
-
pensions
1 928
-
7 640
-
health
658
-
2 608
-
total
3 045
-
12 064
-
Corporate
77 994
95 500
-
-
income
20 278
24 830
-
-
total
20 278
24 830
-
-
Dividends
57 715
70 670
-
-
withholding
8 657
10 601
-
-
total
8 657
10 601
-
-
Income
95 500
95 500
95 500
95 500
Total tax
36 795
35 431
53 196
50 571
After tax
58 705
60 069
42 304
44 929
Living cost
9 646
9 646
9 646
9 646
Free-cash
49 059
50 423
32 658
35 283

Estimated living cost  is ₴9646 per week

₴5824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38629
₴37676
₴34088
₴30467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
municipal
-
-
-
592
regional
-
-
-
1 502
national
-
-
-
26 257
social contributions
-
-
-
21 493
total
-
-
-
49 844
Employee
23 821
-
95 500
-
social contributions
8 033
-
28 178
-
regional
321
-
1 366
-
municipal
126
-
539
-
national
3 774
-
23 382
-
total
12 254
-
53 465
-
Employer
23 821
-
95 500
-
total
-
-
-
-
Corporate
71 679
95 500
-
-
nationa
17 202
22 920
-
-
municipal
3 562
4 746
-
-
total
20 764
27 666
-
-
Dividends
50 914
67 834
-
-
withholding
13 238
17 637
-
-
total
13 238
17 637
-
-
Income
95 500
95 500
95 500
95 500
Total tax
46 256
45 303
53 465
49 844
After tax
49 244
50 197
42 035
45 656
Living cost
11 568
11 568
11 568
11 568
Free-cash
37 676
38 629
30 467
34 088

Estimated living cost  is ₴11568 per week

₴7194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53104
₴48591
₴43807
₴39614
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
10 176
health
-
-
-
12 892
solidarity contribution
-
-
-
1 208
social contributions
-
-
-
14 769
total
-
-
-
39 045
Employee
18 600
-
76 014
-
social contributions
1 209
-
3 288
-
health
2 511
-
10 262
-
solidarity contribution
-
-
832
-
income
2 232
-
9 370
-
total
5 952
-
23 752
-
Employer
18 600
-
76 014
-
social contributions
4 650
-
12 645
-
health
1 674
-
6 841
-
total
6 324
-
19 486
-
Corporate
70 576
95 500
-
-
income
13 410
18 145
-
-
total
13 410
18 145
-
-
Dividends
57 167
77 355
-
-
withholding
8 575
11 603
-
-
total
8 575
11 603
-
-
Income
95 500
95 500
95 500
95 500
Total tax
34 261
29 748
43 238
39 045
After tax
61 239
65 752
52 262
56 455
Living cost
12 648
12 648
12 648
12 648
Free-cash
48 591
53 104
39 614
43 807

Estimated living cost  is ₴12648 per week

₴9406
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.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38999
₴38783
₴35325
₴11369
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
chamber of commerce
-
-
-
382
income
-
-
-
30 339
pensions
-
-
-
9 281
unemployment
-
-
-
2 634
health
-
-
-
3 838
surtax
-
-
-
-
total
-
-
-
46 474
Employee
18 772
17 114
78 959
-
other
187
171
502
-
health
726
663
1 941
-
income
1 672
1 262
25 472
-
pensions
1 922
1 752
5 137
-
unemployment
563
513
1 505
-
total
5 070
4 361
34 557
-
Employer
18 772
17 114
78 959
-
accident
244
222
652
-
other
892
812
3 506
-
chamber of commerce
75
68
316
-
unemployment
563
513
1 505
-
surtax
-
-
-
-
pensions
2 356
2 148
6 296
-
payroll
563
513
2 369
-
health
710
647
1 896
-
total
5 403
4 923
16 540
-
Corporate
71 326
73 461
77 329
-
income

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

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

17 832
18 365
19 333
-
total
17 832
18 365
19 333
-
Dividends
53 494
55 096
-
-
withholding
14 711
15 151
-
-
total
14 711
15 151
-
-
Income
95 500
95 500
95 500
95 500
Total tax
43 016
42 800
70 430
46 474
After tax
52 484
52 700
25 070
49 026
Living cost
13 701
13 701
13 701
13 701
Free-cash
38 783
38 999
11 369
35 325

Estimated living cost  is ₴13701 per week

₴8219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴84626
₴83482
₴88446
₴70301
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
95 500
microenterprise

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

-
-
-
955
total
-
-
-
955
Employee
7 624
-
95 500
-
income
1 525
-
19 100
-
total
1 525
-
19 100
-
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%.

87 876
95 500
-
-
total
-
-
-
-
Dividends
87 876
95 500
-
-
withholding
4 394
4 775
-
-
total
4 394
4 775
-
-
Income
95 500
95 500
95 500
95 500
Total tax
5 919
4 775
19 100
955
After tax
89 581
90 725
76 400
94 545
Living cost
6 099
6 099
6 099
6 099
Free-cash
83 482
84 626
70 301
88 446

Estimated living cost  is ₴6099 per week

₴4127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴256
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.
₴1511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54234
₴50642
₴32937
₴30863
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 500
income
-
-
-
24 065
pensions
-
-
-
17 440
unemployment
-
-
-
143
health
-
-
-
9 397
total
-
-
-
51 045
Employee

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

18 990
-
82 634
-
health
1 226
-
5 338
-
income
3 275
-
21 991
-
pensions
2 944
-
12 808
-
unemployment
27
-
116
-
total
7 472
-
40 253
-
Employer

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

18 990
-
82 634
-
unemployment
11
-
50
-
pensions
1 680
-
7 313
-
health
1 265
-
5 503
-
total
2 956
-
12 866
-
Corporate
73 554
95 500
-
-
income
13 975
18 145
-
-
total
13 975
18 145
-
-
Dividends
59 578
77 355
-
-
withholding
8 937
11 603
-
-
total
8 937
11 603
-
-
Income
95 500
95 500
95 500
95 500
Total tax
33 340
29 748
53 119
51 045
After tax
62 160
65 752
42 381
44 455
Living cost
11 518
11 518
11 518
11 518
Free-cash
50 642
54 234
30 863
32 937

Estimated living cost  is ₴11518 per week

₴7905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2653
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39550
₴19099
₴47446
₴71292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
18 615
social contributions
-
-
-
10 887
total
-
-
-
29 502
Employee
26 601
-
-
-
social contributions
2 181
-
311
-
income
5 868
-
-
-
total
8 049
-
311
-
Employer
26 601
-
-
-
social contributions
37 507
-
5 345
-
total
37 507
-
5 345
-
Corporate
31 392
95 500
-
-
income
6 906
21 010
-
-
total
6 906
21 010
-
-
Dividends
24 485
74 490
-
-
income
5 387
16 388
-
-
total
5 387
16 388
-
-
Income
95 500
95 500
95 500
95 500
Total tax
57 849
37 398
5 656
29 502
After tax
37 651
58 102
89 844
65 998
Living cost
18 552
18 552
18 552
18 552
Free-cash
19 099
39 550
71 292
47 446

Estimated living cost  is ₴18552 per week

₴12037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40850
₴40418
₴36400
₴28984
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 500
income
-
-
-
12 443
surtax
-
-
-
-
social contributions

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

-
-
-
33 187
total
-
-
-
45 630
Employee
19 751
-
77 171
-
social contributions
2 173
-
8 489
-
surtax
-
-
87
-
income
4 108
-
26 142
-
total
6 281
-
34 718
-
Employer
19 751
-
77 171
-
social contributions
4 691
-
18 328
-
total
4 691
-
18 328
-
Corporate
71 059
95 500
-
-
surtax
-
-
-
-
income
14 922
20 055
-
-
total
14 922
20 055
-
-
Dividends
56 136
75 445
-
-
withholding
15 718
21 125
-
-
total
15 718
21 125
-
-
Income
95 500
95 500
95 500
95 500
Total tax
41 612
41 180
53 046
45 630
After tax
53 888
54 320
42 454
49 870
Living cost
13 470
13 470
13 470
13 470
Free-cash
40 418
40 850
28 984
36 400

Estimated living cost  is ₴13470 per week

₴10078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27391
₴30343
₴31614
₴28888
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
17 669
pensions
-
-
-
15 136
other
-
-
-
2 961
health
-
-
-
4 658
surtax
-
-
-
-
social contributions
-
-
-
2 721
total
-
-
-
43 145
Employee
26 896
-
72 893
-
social contributions
766
-
2 076
-
surtax
-
-
-
-
income
2 347
-
15 697
-
pensions
3 042
-
5 491
-
total
6 155
-
23 264
-
Employer
26 896
-
72 893
-
other
928
-
3 024
-
social contributions
81
-
218
-
unemployment
1 090
-
2 953
-
pensions
4 419
-
9 168
-
health
1 883
-
7 244
-
total
8 401
-
22 607
-
Corporate
60 203
95 500
-
-
surtax
-
-
-
-
income
16 857
26 740
-
-
total
16 857
26 740
-
-
Dividends
43 346
68 760
-
-
surtax
-
-
-
-
social contributions
7 455
11 827
-
-
withholding
5 548
8 801
-
-
total
13 003
20 628
-
-
Income
95 500
95 500
95 500
95 500
Total tax
44 416
47 368
45 871
43 145
After tax
51 084
48 132
49 629
52 355
Living cost
20 741
20 741
20 741
20 741
Free-cash
30 343
27 391
28 888
31 614

Estimated living cost  is ₴20741 per week

₴14037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1697
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.
₴4723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴73041
₴71599
₴56739
₴59278
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
4 842
social contributions
-
-
-
21 010
total
-
-
-
25 852
Employee
13 806
-
82 684
-
income
-
-
5 123
-
social contributions
897
-
5 374
-
total
897
-
10 497
-
Employer
13 806
-
82 684
-
social contributions
2 140
-
12 816
-
total
2 140
-
12 816
-
Corporate
79 554
95 500
-
-
income
7 955
9 550
-
-
total
7 955
9 550
-
-
Dividends
71 599
85 950
-
-
total
-
-
-
-
Income
95 500
95 500
95 500
95 500
Total tax
10 992
9 550
23 313
25 852
After tax
84 508
85 950
72 187
69 648
Living cost
12 909
12 909
12 909
12 909
Free-cash
71 599
73 041
59 278
56 739

Estimated living cost  is ₴12909 per week

₴8347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3346
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1942
₴1106
₴34497
₴1942
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
municipal
-
-
-
20 483
pensions
-
-
-
372
national
-
-
-
11 858
labour market
-
-
-
7 610
total
-
-
-
40 323
Employee
87 286
87 286
87 286
-
labour market
6 973
6 973
6 973
-
national
10 664
10 664
10 664
-
municipal
18 587
18 587
18 587
-
pensions
124
124
124
-
total
36 348
36 348
36 348
-
Employer
87 286
87 286
87 286
-
labour market
6 983
6 983
6 983
-
municipal
18 617
18 617
18 617
-
pensions
248
248
248
-
national
10 682
10 682
10 682
-
total
36 530
36 530
36 530
-
Corporate
1 943
-
-
-
income
427
-
-
-
total
427
-
-
-
Dividends
1 515
-
-
-
withholding
409
-
-
-
total
409
-
-
-
Income
95 500
95 500
95 500
95 500
Total tax
73 714
72 878
72 878
40 323
After tax
21 786
22 622
22 622
55 177
Living cost
20 680
20 680
20 680
20 680
Free-cash
1 106
1 942
1 942
34 497

Estimated living cost  is ₴20680 per week

₴14154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4379
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1505
₴6317
₴55969
₴43349
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
accident
-
-
-
108
income
-
-
-
27 320
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
30 290
Employee
14 536
-
87 210
-
health
1 665
-
9 986
-
income
1 994
-
21 381
-
pensions
1 637
-
3 253
-
total
5 296
-
34 620
-
Employer
14 536
-
87 210
-
accident
243
-
1 456
-
unemployment
356
-
2 137
-
pensions
2 364
-
4 697
-
total
2 963
-
8 290
-
Corporate
78 001
95 500
-
-
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.

70 201
85 950
-
-
total
70 201
85 950
-
-
Dividends
7 800
9 550
-
-
withholding
1 482
1 814
-
-
total
1 482
1 814
-
-
Income
95 500
95 500
95 500
95 500
Total tax
79 942
87 764
42 910
30 290
After tax
15 558
7 736
52 590
65 210
Living cost
9 241
9 241
9 241
9 241
Free-cash
6 317
-1 505
43 349
55 969

Estimated living cost  is ₴9241 per week

₴6726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴527
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.
₴1814
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42121
₴43448
₴42225
₴31284
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
95 500
municipal
-
-
-
16 957
health
-
-
-
1 292
national
-
-
-
18 539
total
-
-
-
36 788
Employee
22 594
-
80 340
-
health
169
-
1 058
-
municipal
3 701
-
13 078
-
pensions
1 525
-
5 423
-
unemployment
339
-
1 205
-
national
373
-
11 804
-
total
6 107
-
32 568
-
Employer
22 594
-
80 340
-
accident
23
-
81
-
unemployment
147
-
522
-
pensions
3 920
-
13 939
-
health
174
-
619
-
total
4 264
-
15 161
-
Corporate
68 644
95 500
-
-
income
13 728
19 100
-
-
total
13 728
19 100
-
-
Dividends

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

41 186
57 300
-
-
national
4 053
7 478
-
-
municipal
7 413
10 314
-
-
total
11 466
17 792
-
-
Income
95 500
95 500
95 500
95 500
Total tax
35 565
36 892
47 729
36 788
After tax
59 935
58 608
47 771
58 712
Living cost
16 487
16 487
16 487
16 487
Free-cash
43 448
42 121
31 284
42 225

Estimated living cost  is ₴16487 per week

₴10769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3870
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59660
₴57325
₴54337
₴53551
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
21 837
health
-
-
-
2 435
social contributions
-
-
-
6 948
total
-
-
-
31 220
Employee
33 022
33 022
90 136
-
social contributions
1 248
2 741
3 697
-
health
256
561
1 532
-
income
3 595
3 057
21 413
-
total
5 099
6 359
26 642
-
Employer
33 022
33 022
90 136
-
social contributions
1 248
2 741
3 697
-
health
278
611
1 667
-
total
1 526
3 352
5 364
-
Corporate
78 931
59 127
-
-
income
9 866
7 391
-
-
total
9 866
7 391
-
-
Dividends
69 065
51 736
-
-
withholding
11 741
8 795
-
-
total
11 741
8 795
-
-
Income
95 500
95 500
95 500
95 500
Total tax
28 232
25 897
32 006
31 220
After tax
67 268
69 603
63 494
64 280
Living cost
9 943
9 943
9 943
9 943
Free-cash
57 325
59 660
53 551
54 337

Estimated living cost  is ₴9943 per week

₴5959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴72265
₴70081
₴74504
₴65890
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
95 500
income
-
-
-
9 880
pensions
-
-
-
2 732
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
14 178
Employee

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

9 857
-
91 303
-
health
838
-
3 463
-
income
674
-
8 816
-
pensions
1 478
-
6 112
-
unemployment
49
-
204
-
total
3 039
-
18 595
-
Employer

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

9 857
-
91 303
-
unemployment
49
-
204
-
pensions
542
-
2 241
-
health
424
-
1 752
-
total
1 015
-
4 197
-
Corporate
84 628
95 500
-
-
income
7 616
8 595
-
-
total
7 616
8 595
-
-
Dividends
77 012
86 905
-
-
withholding
6 931
7 822
-
-
total
6 931
7 822
-
-
Income
95 500
95 500
95 500
95 500
Total tax
18 601
16 417
22 792
14 178
After tax
76 899
79 083
72 708
81 322
Living cost
6 818
6 818
6 818
6 818
Free-cash
70 081
72 265
65 890
74 504

Estimated living cost  is ₴6818 per week

₴4350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51609
₴49713
₴41563
₴39761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
accident
-
-
-
359
income
-
-
-
30 186
pensions
-
-
-
11 264
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
42 128
Employee
15 879
-
82 811
-
other
15
-
40
-
income
3 061
-
28 712
-
pensions
746
-
1 871
-
unemployment
246
-
617
-
total
4 068
-
31 240
-
Employer
15 879
-
82 811
-
accident
315
-
788
-
other
127
-
319
-
unemployment
874
-
2 189
-
pensions
3 747
-
9 394
-
total
5 063
-
12 690
-
Corporate
74 559
95 500
-
-
income

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

11 184
14 325
-
-
total
11 184
14 325
-
-
Dividends
63 375
81 175
-
-
withholding
13 663
17 757
-
-
total
13 663
17 757
-
-
Income
95 500
95 500
95 500
95 500
Total tax
33 978
32 082
43 930
42 128
After tax
61 522
63 418
51 570
53 372
Living cost
11 809
11 809
11 809
11 809
Free-cash
49 713
51 609
39 761
41 563

Estimated living cost  is ₴11809 per week

₴7971
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴58417
₴58223
₴60210
₴60126
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
32 636
pensions
-
-
-
857
health
-
-
-
622
total
-
-
-
34 115
Employee
1 790
-
94 536
-
health
90
-
214
-
income
346
-
32 591
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
615
-
33 234
-
Employer
1 790
-
94 536
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
407
-
total
403
-
965
-
Corporate
93 307
95 500
-
-
income
20 528
21 010
-
-
total
20 528
21 010
-
-
Dividends
72 779
74 490
-
-
withholding
14 556
14 898
-
-
total
14 556
14 898
-
-
Income
95 500
95 500
95 500
95 500
Total tax
36 102
35 908
34 199
34 115
After tax
59 398
59 592
61 301
61 385
Living cost
1 175
1 175
1 175
1 175
Free-cash
58 223
58 417
60 126
60 210

Estimated living cost  is ₴1175 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61579
₴59469
₴54011
₴54011
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 500
income
-
-
-
22 083
pensions
-
-
-
8 244
unemployment
-
-
-
476
health
-
-
-
3 266
total
-
-
-
34 069
Employee

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

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

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

11 188
-
89 825
-
health
576
-
1 633
-
income
1 542
-
22 083
-
pensions
1 566
-
4 439
-
unemployment
84
-
238
-
total
3 768
-
28 393
-
Employer

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

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

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

11 188
-
89 825
-
unemployment
84
-
238
-
pensions
1 343
-
3 805
-
health
576
-
1 633
-
total
2 003
-
5 676
-
Corporate
82 309
95 500
-
-
income
12 346
14 325
-
-
total
12 346
14 325
-
-
Dividends
69 963
81 175
-
-
withholding
10 494
12 176
-
-
total
10 494
12 176
-
-
Income
95 500
95 500
95 500
95 500
Total tax
28 611
26 501
34 069
34 069
After tax
66 889
68 999
61 431
61 431
Living cost
7 420
7 420
7 420
7 420
Free-cash
59 469
61 579
54 011
54 011

Estimated living cost  is ₴7420 per week

₴4996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42743
₴42589
₴38293
₴30877
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 500
income
-
-
-
12 443
surtax
-
-
-
-
social contributions

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

-
-
-
33 187
total
-
-
-
45 630
Employee
16 667
-
77 171
-
social contributions
1 834
-
8 489
-
surtax
-
-
87
-
income
3 257
-
26 142
-
total
5 091
-
34 718
-
Employer
16 667
-
77 171
-
social contributions
3 958
-
18 328
-
total
3 958
-
18 328
-
Corporate
74 874
95 500
-
-
surtax
-
-
-
-
income
15 723
20 055
-
-
total
15 723
20 055
-
-
Dividends
59 151
75 445
-
-
withholding
16 562
21 125
-
-
total
16 562
21 125
-
-
Income
95 500
95 500
95 500
95 500
Total tax
41 334
41 180
53 046
45 630
After tax
54 166
54 320
42 454
49 870
Living cost
11 577
11 577
11 577
11 577
Free-cash
42 589
42 743
30 877
38 293

Estimated living cost  is ₴11577 per week

₴8200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
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.
₴2368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48326
₴45514
₴38280
₴36478
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
accident
-
-
-
359
income
-
-
-
30 186
pensions
-
-
-
11 264
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
42 128
Employee
20 740
-
82 811
-
other
20
-
40
-
income
4 332
-
28 712
-
pensions
975
-
1 871
-
unemployment
321
-
617
-
total
5 648
-
31 240
-
Employer
20 740
-
82 811
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 141
-
2 189
-
pensions
4 895
-
9 394
-
total
6 613
-
12 690
-
Corporate
68 148
95 500
-
-
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.

10 223
14 325
-
-
total
10 223
14 325
-
-
Dividends
57 925
81 175
-
-
withholding
12 410
17 757
-
-
total
12 410
17 757
-
-
Income
95 500
95 500
95 500
95 500
Total tax
34 894
32 082
43 930
42 128
After tax
60 606
63 418
51 570
53 372
Living cost
15 092
15 092
15 092
15 092
Free-cash
45 514
48 326
36 478
38 280

Estimated living cost  is ₴15092 per week

₴10839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴74266
₴71650
₴69784
₴73743
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
14 325
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
18 330
Employee
9 780
-
92 558
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
978
-
9 256
-
pensions

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

859
-
1 317
-
total
2 394
-
11 428
-
Employer
9 780
-
92 558
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 653
-
health
675
-
1 035
-
total
1 919
-
2 943
-
Corporate
83 801
95 500
-
-
income
8 380
9 550
-
-
total
8 380
9 550
-
-
Dividends
75 421
85 950
-
-
withholding
3 771
4 298
-
-
total
3 771
4 298
-
-
Income
95 500
95 500
95 500
95 500
Total tax
16 464
13 848
14 371
18 330
After tax
79 036
81 652
81 129
77 170
Living cost
7 386
7 386
7 386
7 386
Free-cash
71 650
74 266
73 743
69 784

Estimated living cost  is ₴7386 per week

₴4885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32538
₴38156
₴31681
₴42520
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 500
trade
-
-
-
10 839
income

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

-
-
-
31 722
health

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

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

-
-
-
2 934
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.

-
-
-
1 745
total
-
-
-
47 240
Employee

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

21 367
-
95 500
-
health

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

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

2 934
-
2 934
-
surtax

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

97
-
1 745
-
income

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

1 757
-
31 722
-
total
4 788
-
36 401
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
74 133
95 500
-
-
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.

611
788
-
-
income
11 120
14 325
-
-
trade
10 638
13 704
-
-
chamber of commerce
174
205
-
-
total
22 543
29 022
-
-
Dividends
51 590
66 478
-
-
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.

700
905
-
-
withholding
12 734
16 456
-
-
total
13 434
17 361
-
-
Income
95 500
95 500
95 500
95 500
Total tax
40 765
46 383
36 401
47 240
After tax
54 735
49 117
59 099
48 260
Living cost
16 579
16 579
16 579
16 579
Free-cash
38 156
32 538
42 520
31 681

Estimated living cost  is ₴16579 per week

₴11437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
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.
₴3118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42387
₴43334
₴23542
₴23542
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
31 102
social contributions
-
-
-
16 393
total
-
-
-
47 495
Employee
33 591
-
95 500
-
income
6 339
-
31 102
-
social contributions
2 791
-
16 393
-
total
9 130
-
47 495
-
Employer
33 591
-
95 500
-
total
-
-
-
-
Corporate
61 909
95 500
-
-
income
7 739
11 937
-
-
total
7 739
11 937
-
-
Dividends
54 170
83 563
-
-
withholding
10 834
16 713
-
-
total
10 834
16 713
-
-
Income
95 500
95 500
95 500
95 500
Total tax
27 703
28 650
47 495
47 495
After tax
67 797
66 850
48 005
48 005
Living cost
24 463
24 463
24 463
24 463
Free-cash
43 334
42 387
23 542
23 542

Estimated living cost  is ₴24463 per week

₴18611
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1993
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44217
₴45717
₴62708
₴51102
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 500
income
-
-
-
14 325
health

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

-
-
-
2 878
total
-
-
-
17 203
Employee
19 700
-
93 525
-
income
2 138
-
24 859
-
social contributions
1 974
-
1 975
-
total
4 112
-
26 834
-
Employer
19 700
-
93 525
-
social contributions
1 974
-
1 975
-
total
1 974
-
1 975
-
Corporate
73 826
95 500
-
-
income
25 839
33 425
-
-
total
25 839
33 425
-
-
Dividends
47 987
62 075
-
-
social contributions
2 269
2 269
-
-
total
2 269
2 269
-
-
Income
95 500
95 500
95 500
95 500
Total tax
34 194
35 694
28 809
17 203
After tax
61 306
59 806
66 691
78 297
Living cost
15 589
15 589
15 589
15 589
Free-cash
45 717
44 217
51 102
62 708

Estimated living cost  is ₴15589 per week

₴10268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44370
₴46930
₴45819
₴37281
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
income
-
-
-
29 350
pensions
-
-
-
4 276
total
-
-
-
33 626
Employee
22 038
-
83 245
-
health
287
-
1 132
-
income
4 013
-
23 659
-
pensions
1 682
-
5 118
-
total
5 982
-
29 909
-
Employer
22 038
-
83 245
-
pensions
2 227
-
10 673
-
health
419
-
1 582
-
total
2 646
-
12 255
-
Corporate
70 817
95 500
-
-
income

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

13 455
18 145
-
-
total
13 455
18 145
-
-
Dividends
57 362
77 355
-
-
withholding
10 432
16 930
-
-
total
10 432
16 930
-
-
Income
95 500
95 500
95 500
95 500
Total tax
32 515
35 075
42 164
33 626
After tax
62 985
60 425
53 336
61 874
Living cost
16 055
16 055
16 055
16 055
Free-cash
46 930
44 370
37 281
45 819

Estimated living cost  is ₴16055 per week

₴11014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2420
₴6178
₴55054
₴42434
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
accident
-
-
-
108
income
-
-
-
27 320
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
30 290
Employee
15 975
-
87 210
-
health
1 829
-
9 986
-
income
2 192
-
21 381
-
pensions
1 799
-
3 253
-
total
5 820
-
34 620
-
Employer
15 975
-
87 210
-
accident
267
-
1 456
-
unemployment
391
-
2 137
-
pensions
2 597
-
4 697
-
total
3 255
-
8 290
-
Corporate
76 269
95 500
-
-
income

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

68 642
85 950
-
-
total
68 642
85 950
-
-
Dividends
7 627
9 550
-
-
withholding
1 449
1 814
-
-
total
1 449
1 814
-
-
Income
95 500
95 500
95 500
95 500
Total tax
79 166
87 764
42 910
30 290
After tax
16 334
7 736
52 590
65 210
Living cost
10 156
10 156
10 156
10 156
Free-cash
6 178
-2 420
42 434
55 054

Estimated living cost  is ₴10156 per week

₴7453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
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.
₴1906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67271
₴65974
₴54822
₴64244
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
95 500
work injury
-
-
-
343
health insurance
-
-
-
5 070
income
-
-
-
16 049
pensions
-
-
-
12 607
unemployment
-
-
-
822
total
-
-
-
34 891
Employee

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

9 259
-
95 500
-
work injury
46
-
171
-
income
926
-
16 049
-
pensions
1 704
-
6 303
-
health insurance
685
-
2 535
-
unemployment
111
-
411
-
total
3 472
-
25 469
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
86 241
95 500
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

8 624
9 550
-
-
total
8 624
9 550
-
-
Dividends
77 617
85 950
-
-
withholding
11 643
12 892
-
-
total
11 643
12 892
-
-
Income
95 500
95 500
95 500
95 500
Total tax
23 739
22 442
25 469
34 891
After tax
71 761
73 058
70 031
60 609
Living cost
5 787
5 787
5 787
5 787
Free-cash
65 974
67 271
64 244
54 822

Estimated living cost  is ₴5787 per week

₴3585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33195
₴31242
₴27655
₴24129
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
95 500
municipal
-
-
-
666
regional
-
-
-
2 321
national
-
-
-
26 257
social contributions
-
-
-
21 493
total
-
-
-
50 737
Employee
36 187
-
95 500
-
social contributions
12 202
-
28 178
-
regional
546
-
2 098
-
municipal
216
-
605
-
national
6 115
-
23 382
-
total
19 079
-
54 263
-
Employer
36 187
-
95 500
-
total
-
-
-
-
Corporate
59 313
95 500
-
-
nationa
14 235
22 920
-
-
municipal
2 859
4 603
-
-
total
17 094
27 523
-
-
Dividends
42 219
67 977
-
-
withholding
10 977
17 674
-
-
total
10 977
17 674
-
-
Income
95 500
95 500
95 500
95 500
Total tax
47 150
45 197
54 263
50 737
After tax
48 350
50 303
41 237
44 763
Living cost
17 108
17 108
17 108
17 108
Free-cash
31 242
33 195
24 129
27 655

Estimated living cost  is ₴17108 per week

₴12017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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