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
₴ 96500
per

Your estimated
City
free-cash

Dresden , Germany
₴35623
₴40377
₴34593
₴46646
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
96 500
trade
-
-
-
12 053
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.

-
-
-
32 137
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.

-
-
-
2 935
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.

-
-
-
1 768
total
-
-
-
48 893
Employee

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

16 434
-
96 500
-
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.

2 935
-
2 935
-
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
-
1 768
-
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
-
32 137
-
total
3 419
-
36 840
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
80 066
96 500
-
-
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.

660
796
-
-
income
12 010
14 475
-
-
trade
12 610
15 199
-
-
chamber of commerce
180
204
-
-
total
25 460
30 674
-
-
Dividends
54 605
65 826
-
-
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.

742
896
-
-
withholding
13 488
16 293
-
-
total
14 230
17 189
-
-
Income
96 500
96 500
96 500
96 500
Total tax
43 109
47 863
36 840
48 893
After tax
53 391
48 637
59 660
47 607
Living cost
13 014
13 014
13 014
13 014
Free-cash
40 377
35 623
46 646
34 593

Estimated living cost  is ₴13014 per week

₴8186
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.
₴3067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38536
₴38175
₴33272
₴33789
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
municipal
-
-
-
10 721
pensions
-
-
-
11 580
national
-
-
-
18 210
social contributions
-
-
-
1 037
total
-
-
-
41 548
Employee
33 608
-
83 423
-
municipal
4 151
-
11 095
-
pensions
1 344
-
3 337
-
national
6 433
-
19 028
-
total
11 928
-
33 460
-
Employer
33 608
-
83 423
-
social contributions
361
-
897
-
pensions
2 689
-
6 674
-
total
3 050
-
7 571
-
Corporate
57 624
96 500
-
-
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%.

11 525
19 300
-
-
total
11 525
19 300
-
-
Dividends
46 099
77 200
-
-
withholding
10 142
16 984
-
-
total
10 142
16 984
-
-
Income
96 500
96 500
96 500
96 500
Total tax
36 645
36 284
41 031
41 548
After tax
59 855
60 216
55 469
54 952
Living cost
21 680
21 680
21 680
21 680
Free-cash
38 175
38 536
33 789
33 272

Estimated living cost  is ₴21680 per week

₴14736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2015
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.
₴4605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68261
₴64737
₴26151
₴33009
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
96 500
microenterprise
-
-
-
-
income
-
-
-
20 341
surtax
-
-
-
24 607
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.

-
-
-
16 462
total
-
-
-
61 410
Employee
12 555
-
75 824
-
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
-
5 632
-
surtax
-
-
10 994
-
income
2 235
-
17 250
-
total
3 616
-
33 876
-
Employer
12 555
-
75 824
-
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.

3 024
-
12 336
-
surtax
-
-
8 340
-
total
3 024
-
20 676
-
Corporate
80 921
96 500
-
-
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%.

16 184
19 300
-
-
total
16 184
19 300
-
-
Dividends

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

64 737
77 200
-
-
total
-
-
-
-
Income
96 500
96 500
96 500
96 500
Total tax
22 824
19 300
54 552
61 410
After tax
73 676
77 200
41 948
35 090
Living cost
8 939
8 939
8 939
8 939
Free-cash
64 737
68 261
33 009
26 151

Estimated living cost  is ₴8939 per week

₴5703
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.
₴2182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30088
₴27455
₴33829
₴43718
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
34 340
pensions
-
-
-
5 034
health
-
-
-
5 298
total
-
-
-
44 672
Employee
36 691
36 691
88 515
-
health
5 632
4 790
5 298
-
income

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

6 006
6 006
16 467
-
pensions
6 604
5 034
5 034
-
total
18 242
15 830
26 799
-
Employer
36 691
36 691
88 515
-
unemployment
1 321
1 321
1 641
-
pensions
2 554
2 554
3 174
-
health
2 550
2 550
3 169
-
total
6 425
6 425
7 984
-
Corporate
53 834
53 384
-
-
income
10 767
10 677
-
-
total
10 767
10 677
-
-
Dividends
43 067
42 707
-
-
income
9 152
9 075
-
-
withholding
6 460
6 406
-
-
total
15 612
15 481
-
-
Income
96 500
96 500
96 500
96 500
Total tax
51 046
48 413
34 783
44 672
After tax
45 454
48 087
61 717
51 828
Living cost
17 999
17 999
17 999
17 999
Free-cash
27 455
30 088
43 718
33 829

Estimated living cost  is ₴17999 per week

₴12755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
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.
₴3335
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36023
₴35648
₴31472
₴31069
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
municipal
-
-
-
25 621
accident
-
-
-
73
pensions
-
-
-
3 948
other
-
-
-
4 244
unemployment
-
-
-
37
health
-
-
-
2 279
national
-
-
-
12 160
total
-
-
-
48 362
Employee
23 748
-
85 023
-
municipal
7 082
-
25 354
-
national
-
-
11 936
-
total
7 082
-
37 290
-
Employer
23 748
-
85 023
-
accident
48
-
73
-
other
2 760
-
4 244
-
unemployment
627
-
964
-
pensions
2 567
-
3 948
-
health
1 460
-
2 246
-
total
7 462
-
11 475
-
Corporate
65 291
96 500
-
-
income
14 364
21 230
-
-
total
14 364
21 230
-
-
Dividends
50 927
75 270
-
-
withholding
15 278
22 581
-
-
total
15 278
22 581
-
-
Income
96 500
96 500
96 500
96 500
Total tax
44 186
43 811
48 765
48 362
After tax
52 314
52 689
47 735
48 138
Living cost
16 666
16 666
16 666
16 666
Free-cash
35 648
36 023
31 069
31 472

Estimated living cost  is ₴16666 per week

₴11046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31262
₴37300
₴30193
₴42781
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
96 500
trade
-
-
-
12 588
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.

-
-
-
32 137
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.

-
-
-
2 935
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.

-
-
-
1 768
total
-
-
-
49 428
Employee

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

21 789
-
96 500
-
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.

2 935
-
2 935
-
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
-
1 768
-
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.

1 872
-
32 137
-
total
4 910
-
36 840
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
74 711
96 500
-
-
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.

616
796
-
-
income
11 207
14 475
-
-
trade
12 290
15 874
-
-
chamber of commerce
171
202
-
-
total
24 284
31 347
-
-
Dividends
50 427
65 153
-
-
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.

684
887
-
-
withholding
12 443
16 125
-
-
total
13 127
17 012
-
-
Income
96 500
96 500
96 500
96 500
Total tax
42 321
48 359
36 840
49 428
After tax
54 179
48 141
59 660
47 072
Living cost
16 879
16 879
16 879
16 879
Free-cash
37 300
31 262
42 781
30 193

Estimated living cost  is ₴16879 per week

₴11289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1780
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.
₴3558
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56394
₴54613
₴50979
₴50188
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
22 172
health
-
-
-
2 461
social contributions
-
-
-
6 952
total
-
-
-
31 585
Employee
33 039
33 039
91 116
-
social contributions
1 605
2 742
3 698
-
health
329
562
1 549
-
income
3 469
3 058
21 746
-
total
5 403
6 362
26 993
-
Employer
33 039
33 039
91 116
-
social contributions
1 605
2 742
3 698
-
health
358
612
1 685
-
total
1 963
3 354
5 383
-
Corporate
75 197
60 108
-
-
income
9 399
7 513
-
-
total
9 399
7 513
-
-
Dividends
65 798
52 594
-
-
withholding
11 186
8 941
-
-
total
11 186
8 941
-
-
Income
96 500
96 500
96 500
96 500
Total tax
27 951
26 170
32 376
31 585
After tax
68 549
70 330
64 124
64 915
Living cost
13 936
13 936
13 936
13 936
Free-cash
54 613
56 394
50 188
50 979

Estimated living cost  is ₴13936 per week

₴9527
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.
₴3087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46365
₴46529
₴59052
₴48143
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
11 797
pensions
-
-
-
9 650
unemployment
-
-
-
1 447
health
-
-
-
6 755
total
-
-
-
29 649
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.

11 258
4 481
80 753
-
health
788
314
5 653
-
income
1 376
548
9 872
-
pensions
1 126
448
8 075
-
unemployment
169
67
1 211
-
total
3 459
1 377
24 811
-
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.

11 258
4 481
80 753
-
pensions
2 195
874
15 747
-
total
2 195
874
15 747
-
Corporate
83 046
91 146
-
-
income
7 474
8 203
-
-
total
7 474
8 203
-
-
Dividends
75 572
82 943
-
-
social contributions
14 685
16 123
-
-
withholding
14 359
15 759
-
-
total
29 044
31 882
-
-
Income
96 500
96 500
96 500
96 500
Total tax
42 172
42 336
40 558
29 649
After tax
54 328
54 164
55 942
66 851
Living cost
7 799
7 799
7 799
7 799
Free-cash
46 529
46 365
48 143
59 052

Estimated living cost  is ₴7799 per week

₴5322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66822
₴64153
₴41346
₴45244
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
12 931
pensions
-
-
-
19 300
health
-
-
-
12 545
total
-
-
-
44 776
Employee
12 189
-
72 123
-
income
1 372
-
13 905
-
pensions
244
-
1 442
-
unemployment
195
-
1 154
-
total
1 811
-
16 501
-
Employer
12 189
-
72 123
-
unemployment
98
-
577
-
pensions
2 438
-
14 424
-
health
1 584
-
9 376
-
total
4 120
-
24 377
-
Corporate
80 191
96 500
-
-
income
16 038
19 300
-
-
total
16 038
19 300
-
-
Dividends
64 153
77 200
-
-
total
-
-
-
-
Income
96 500
96 500
96 500
96 500
Total tax
21 969
19 300
40 878
44 776
After tax
74 531
77 200
55 622
51 724
Living cost
10 378
10 378
10 378
10 378
Free-cash
64 153
66 822
45 244
41 346

Estimated living cost  is ₴10378 per week

₴7118
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.
₴2433
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1612
₴6371
₴56463
₴43725
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
accident
-
-
-
108
income
-
-
-
27 623
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
30 608
Employee
14 833
-
88 146
-
health
1 698
-
10 093
-
income
2 035
-
21 629
-
pensions
1 670
-
3 270
-
total
5 403
-
34 992
-
Employer
14 833
-
88 146
-
accident
248
-
1 472
-
unemployment
363
-
2 160
-
pensions
2 412
-
4 722
-
total
3 023
-
8 354
-
Corporate
78 644
96 500
-
-
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.

70 780
86 850
-
-
total
70 780
86 850
-
-
Dividends
7 864
9 650
-
-
withholding
1 494
1 833
-
-
total
1 494
1 833
-
-
Income
96 500
96 500
96 500
96 500
Total tax
80 700
88 683
43 346
30 608
After tax
15 800
7 817
53 154
65 892
Living cost
9 429
9 429
9 429
9 429
Free-cash
6 371
-1 612
43 725
56 463

Estimated living cost  is ₴9429 per week

₴6911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴197
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1799
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴87782
₴87052
₴91642
₴73307
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
96 500
microenterprise

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

-
-
-
965
total
-
-
-
965
Employee
4 865
-
96 500
-
income
973
-
19 300
-
total
973
-
19 300
-
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%.

91 635
96 500
-
-
total
-
-
-
-
Dividends
91 635
96 500
-
-
withholding
4 582
4 825
-
-
total
4 582
4 825
-
-
Income
96 500
96 500
96 500
96 500
Total tax
5 555
4 825
19 300
965
After tax
90 945
91 675
77 200
95 535
Living cost
3 893
3 893
3 893
3 893
Free-cash
87 052
87 782
73 307
91 642

Estimated living cost  is ₴3893 per week

₴2412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴324
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴107
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1050
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59449
₴56546
₴46500
₴45703
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
16 892
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.

-
-
-
15 681
other
-
-
-
3 103
health
-
-
-
2 875
total
-
-
-
38 551
Employee
15 600
-
79 919
-
health
219
-
915
-
income
2 686
-
16 626
-
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.

1 092
-
4 573
-
unemployment
156
-
653
-
total
4 153
-
22 767
-
Employer
15 600
-
79 919
-
accident
125
-
639
-
other
780
-
3 266
-
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.

2 652
-
11 108
-
health
219
-
915
-
total
3 932
-
16 581
-
Corporate
76 968
96 500
-
-
income
16 164
20 265
-
-
total
16 164
20 265
-
-
Dividends
60 804
76 235
-
-
withholding
4 256
5 337
-
-
total
4 256
5 337
-
-
Income
96 500
96 500
96 500
96 500
Total tax
28 505
25 602
39 348
38 551
After tax
67 995
70 898
57 152
57 949
Living cost
11 449
11 449
11 449
11 449
Free-cash
56 546
59 449
45 703
46 500

Estimated living cost  is ₴11449 per week

₴8089
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.
₴2402
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32211
₴35667
₴33718
₴25100
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
29 800
pensions
-
-
-
4 279
total
-
-
-
34 079
Employee
40 610
-
84 105
-
health
669
-
1 138
-
income
7 320
-
24 053
-
pensions
3 918
-
5 111
-
total
11 907
-
30 302
-
Employer
40 610
-
84 105
-
pensions
4 795
-
10 797
-
health
771
-
1 598
-
total
5 566
-
12 395
-
Corporate
50 323
96 500
-
-
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.

9 562
18 335
-
-
total
9 562
18 335
-
-
Dividends
40 762
78 165
-
-
withholding
5 095
17 251
-
-
total
5 095
17 251
-
-
Income
96 500
96 500
96 500
96 500
Total tax
32 130
35 586
42 697
34 079
After tax
64 370
60 914
53 803
62 421
Living cost
28 703
28 703
28 703
28 703
Free-cash
35 667
32 211
25 100
33 718

Estimated living cost  is ₴28703 per week

₴21508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴76874
₴74878
₴72385
₴76394
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
14 475
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
18 482
Employee
7 458
-
93 556
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
746
-
9 356
-
pensions

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

655
-
1 318
-
total
1 826
-
11 529
-
Employer
7 458
-
93 556
-
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
-
1 654
-
health
515
-
1 035
-
total
1 464
-
2 944
-
Corporate
87 578
96 500
-
-
income
8 758
9 650
-
-
total
8 758
9 650
-
-
Dividends
78 821
86 850
-
-
withholding
3 941
4 343
-
-
total
3 941
4 343
-
-
Income
96 500
96 500
96 500
96 500
Total tax
15 989
13 993
14 473
18 482
After tax
80 511
82 507
82 027
78 018
Living cost
5 633
5 633
5 633
5 633
Free-cash
74 878
76 874
76 394
72 385

Estimated living cost  is ₴5633 per week

₴3288
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.
₴1793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24262
₴25343
₴28003
₴37892
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
34 340
pensions
-
-
-
5 034
health
-
-
-
5 298
total
-
-
-
44 672
Employee
39 835
36 691
88 515
-
health
4 970
4 790
5 298
-
income

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

6 006
6 006
16 467
-
pensions
5 034
5 034
5 034
-
total
16 010
15 830
26 799
-
Employer
39 835
36 691
88 515
-
unemployment
1 434
1 321
1 641
-
pensions
2 772
2 554
3 174
-
health
2 768
2 550
3 169
-
total
6 974
6 425
7 984
-
Corporate
49 691
53 384
-
-
income
9 938
10 677
-
-
total
9 938
10 677
-
-
Dividends
39 752
42 707
-
-
income
8 447
9 075
-
-
withholding
5 963
6 406
-
-
total
14 410
15 481
-
-
Income
96 500
96 500
96 500
96 500
Total tax
47 332
48 413
34 783
44 672
After tax
49 168
48 087
61 717
51 828
Living cost
23 825
23 825
23 825
23 825
Free-cash
25 343
24 262
37 892
28 003

Estimated living cost  is ₴23825 per week

₴17575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
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.
₴3849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56165
₴52499
₴46846
₴42598
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
10 303
health
-
-
-
13 027
solidarity contribution
-
-
-
1 264
social contributions
-
-
-
14 785
total
-
-
-
39 379
Employee
15 110
-
76 919
-
social contributions
982
-
3 291
-
health
2 040
-
10 384
-
solidarity contribution
-
-
883
-
income
1 813
-
9 487
-
total
4 835
-
24 045
-
Employer
15 110
-
76 919
-
social contributions
3 778
-
12 659
-
health
1 360
-
6 923
-
total
5 138
-
19 582
-
Corporate
76 252
96 500
-
-
income
14 488
18 335
-
-
total
14 488
18 335
-
-
Dividends
61 764
78 165
-
-
withholding
9 265
11 725
-
-
total
9 265
11 725
-
-
Income
96 500
96 500
96 500
96 500
Total tax
33 726
30 060
43 627
39 379
After tax
62 774
66 440
52 873
57 121
Living cost
10 275
10 275
10 275
10 275
Free-cash
52 499
56 165
42 598
46 846

Estimated living cost  is ₴10275 per week

₴7137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴731
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.
₴2205
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33357
₴31114
₴28368
₴24725
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
municipal
-
-
-
600
regional
-
-
-
1 219
national
-
-
-
26 679
social contributions
-
-
-
21 504
total
-
-
-
50 002
Employee
38 185
-
96 500
-
social contributions
12 876
-
28 193
-
regional
360
-
1 103
-
municipal
202
-
546
-
national
6 617
-
23 803
-
total
20 055
-
53 645
-
Employer
38 185
-
96 500
-
total
-
-
-
-
Corporate
58 315
96 500
-
-
nationa
13 996
23 160
-
-
municipal
2 274
3 764
-
-
total
16 270
26 924
-
-
Dividends
42 045
69 576
-
-
withholding
10 931
18 089
-
-
total
10 931
18 089
-
-
Income
96 500
96 500
96 500
96 500
Total tax
47 256
45 013
53 645
50 002
After tax
49 244
51 487
42 855
46 498
Living cost
18 130
18 130
18 130
18 130
Free-cash
31 114
33 357
24 725
28 368

Estimated living cost  is ₴18130 per week

₴12638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1189
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.
₴4025
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51218
₴49880
₴35909
₴33283
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
30 354
pensions
-
-
-
11 469
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 071
surtax
-
-
-
5 118
total
-
-
-
51 110
Employee
14 209
-
84 429
-
other
-
-
-
-
health
363
-
1 462
-
surtax
46
-
4 603
-
income
2 382
-
27 785
-
pensions
947
-
3 825
-
unemployment
989
-
3 991
-
total
4 727
-
41 666
-
Employer
14 209
-
84 429
-
other
-
-
-
-
unemployment
450
-
1 817
-
pensions
1 894
-
7 644
-
health
647
-
2 609
-
total
2 991
-
12 070
-
Corporate
79 301
96 500
-
-
income
20 618
25 090
-
-
total
20 618
25 090
-
-
Dividends
58 683
71 410
-
-
withholding
8 803
10 711
-
-
total
8 803
10 711
-
-
Income
96 500
96 500
96 500
96 500
Total tax
37 139
35 801
53 736
51 110
After tax
59 361
60 699
42 764
45 390
Living cost
9 481
9 481
9 481
9 481
Free-cash
49 880
51 218
33 283
35 909

Estimated living cost  is ₴9481 per week

₴5797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
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.
₴2590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41305
₴44140
₴42812
₴34194
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
29 800
pensions
-
-
-
4 279
total
-
-
-
34 079
Employee
27 216
-
84 105
-
health
395
-
1 138
-
income
4 902
-
24 053
-
pensions
2 310
-
5 111
-
total
7 607
-
30 302
-
Employer
27 216
-
84 105
-
pensions
2 946
-
10 797
-
health
517
-
1 598
-
total
3 463
-
12 395
-
Corporate
65 821
96 500
-
-
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.

12 506
18 335
-
-
total
12 506
18 335
-
-
Dividends
53 315
78 165
-
-
withholding
9 175
17 251
-
-
total
9 175
17 251
-
-
Income
96 500
96 500
96 500
96 500
Total tax
32 751
35 586
42 697
34 079
After tax
63 749
60 914
53 803
62 421
Living cost
19 609
19 609
19 609
19 609
Free-cash
44 140
41 305
34 194
42 812

Estimated living cost  is ₴19609 per week

₴14691
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1470
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.
₴3243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴11449
₴25432
₴43842
₴40345
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
city
-
-
-
1 017
pensions
-
-
-
8 878
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.

-
-
-
1 930
regional
-
-
-
5 424
health
-
-
-
217
national
-
-
-
2 514
total
-
-
-
19 980
Employee
38 242
-
86 869
-
city
410
-
940
-
regional
1 252
-
4 839
-
health
86
-
196
-
pensions
3 213
-
6 742
-
unemployment
-
-
-
-
national
181
-
2 085
-
total
5 142
-
14 802
-
Employer
38 242
-
86 869
-
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.

765
-
1 737
-
unemployment
-
-
-
-
pensions
3 213
-
6 742
-
health
86
-
196
-
total
4 064
-
8 675
-
Corporate
53 773
96 500
-
-
regional
11 373
20 409
-
-
national
4 571
8 203
-
-
total
15 944
28 612
-
-
Dividends
37 829
67 888
-
-
withholding
13 240
23 761
-
-
total
13 240
23 761
-
-
Income
96 500
96 500
96 500
96 500
Total tax
38 390
52 373
23 477
19 980
After tax
58 110
44 127
73 023
76 520
Living cost
32 678
32 678
32 678
32 678
Free-cash
25 432
11 449
40 345
43 842

Estimated living cost  is ₴32678 per week

₴21250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2933
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴401
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴27961
₴34930
₴26853
₴39977
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
96 500
trade
-
-
-
13 124
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.

-
-
-
32 137
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.

-
-
-
2 935
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.

-
-
-
1 768
total
-
-
-
49 964
Employee

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

25 822
-
96 500
-
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.

2 935
-
2 935
-
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
-
1 768
-
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.

3 036
-
32 137
-
total
6 138
-
36 840
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
70 678
96 500
-
-
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.

583
796
-
-
income
10 602
14 475
-
-
trade
12 121
16 550
-
-
chamber of commerce
165
201
-
-
total
23 471
32 022
-
-
Dividends
47 208
64 478
-
-
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.

640
877
-
-
withholding
11 638
15 957
-
-
total
12 278
16 834
-
-
Income
96 500
96 500
96 500
96 500
Total tax
41 887
48 856
36 840
49 964
After tax
54 613
47 644
59 660
46 536
Living cost
19 683
19 683
19 683
19 683
Free-cash
34 930
27 961
39 977
26 853

Estimated living cost  is ₴19683 per week

₴14376
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.
₴3477
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33936
₴36476
₴38119
₴35303
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
17 986
pensions
-
-
-
15 224
other
-
-
-
2 992
health
-
-
-
4 730
surtax
-
-
-
-
social contributions
-
-
-
2 749
total
-
-
-
43 681
Employee
18 389
-
73 614
-
social contributions
524
-
2 098
-
surtax
-
-
-
-
income
1 085
-
15 950
-
pensions
2 079
-
5 562
-
total
3 688
-
23 610
-
Employer
18 389
-
73 614
-
other
634
-
3 061
-
social contributions
55
-
221
-
unemployment
744
-
2 982
-
pensions
3 021
-
9 286
-
health
1 287
-
7 337
-
total
5 741
-
22 887
-
Corporate
72 369
96 500
-
-
surtax
-
-
-
-
income
20 263
27 020
-
-
total
20 263
27 020
-
-
Dividends
52 106
69 480
-
-
surtax
-
-
-
-
social contributions
8 962
11 951
-
-
withholding
6 670
8 893
-
-
total
15 632
20 844
-
-
Income
96 500
96 500
96 500
96 500
Total tax
45 324
47 864
46 497
43 681
After tax
51 176
48 636
50 003
52 819
Living cost
14 700
14 700
14 700
14 700
Free-cash
36 476
33 936
35 303
38 119

Estimated living cost  is ₴14700 per week

₴9269
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.
₴3986
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35392
₴37777
₴39575
₴36759
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
17 986
pensions
-
-
-
15 224
other
-
-
-
2 992
health
-
-
-
4 730
surtax
-
-
-
-
social contributions
-
-
-
2 749
total
-
-
-
43 681
Employee
16 414
-
73 614
-
social contributions
468
-
2 098
-
surtax
-
-
-
-
income
846
-
15 950
-
pensions
1 857
-
5 562
-
total
3 171
-
23 610
-
Employer
16 414
-
73 614
-
other
567
-
3 061
-
social contributions
49
-
221
-
unemployment
665
-
2 982
-
pensions
2 697
-
9 286
-
health
1 149
-
7 337
-
total
5 127
-
22 887
-
Corporate
74 959
96 500
-
-
surtax
-
-
-
-
income
20 989
27 020
-
-
total
20 989
27 020
-
-
Dividends
53 971
69 480
-
-
surtax
-
-
-
-
social contributions
9 283
11 951
-
-
withholding
6 909
8 893
-
-
total
16 192
20 844
-
-
Income
96 500
96 500
96 500
96 500
Total tax
45 479
47 864
46 497
43 681
After tax
51 021
48 636
50 003
52 819
Living cost
13 244
13 244
13 244
13 244
Free-cash
37 777
35 392
36 759
39 575

Estimated living cost  is ₴13244 per week

₴7681
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.
₴3967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49763
₴49986
₴52861
₴50259
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
14 475
health
-
-
-
6 736
social contributions
-
-
-
13 317
total
-
-
-
34 528
Employee
14 568
-
96 500
-
social contributions
2 011
-
13 317
-
health
1 017
-
6 736
-
income
2 430
-
17 077
-
total
5 458
-
37 130
-
Employer
14 568
-
96 500
-
total
-
-
-
-
Corporate
81 932
96 500
-
-
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%.

4 096
4 825
-
-
total
4 096
4 825
-
-
Dividends
77 836
91 675
-
-
health
5 433
6 399
-
-
social contributions
10 741
12 651
-
-
withholding
11 675
13 751
-
-
total
27 849
32 801
-
-
Income
96 500
96 500
96 500
96 500
Total tax
37 403
37 626
37 130
34 528
After tax
59 097
58 874
59 370
61 972
Living cost
9 111
9 111
9 111
9 111
Free-cash
49 986
49 763
50 259
52 861

Estimated living cost  is ₴9111 per week

₴6097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2241
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38055
₴37392
₴34299
₴10162
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
chamber of commerce
-
-
-
386
income
-
-
-
30 830
pensions
-
-
-
9 286
unemployment
-
-
-
2 635
health
-
-
-
3 840
surtax
-
-
-
85
total
-
-
-
47 062
Employee
21 472
17 122
79 808
-
other
214
171
502
-
health
831
663
1 942
-
income
2 444
1 263
25 873
-
pensions
2 199
1 753
5 140
-
unemployment
644
514
1 506
-
total
6 332
4 364
34 963
-
Employer
21 472
17 122
79 808
-
accident
279
223
652
-
other
1 020
813
3 539
-
chamber of commerce
86
68
320
-
unemployment
644
514
1 506
-
surtax
85
85
85
-
pensions
2 695
2 149
6 299
-
payroll
644
514
2 394
-
health
811
647
1 897
-
total
6 264
5 013
16 692
-
Corporate
68 764
74 365
78 177
-
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.

17 191
18 591
19 544
-
total
17 191
18 591
19 544
-
Dividends
51 573
55 774
-
-
withholding
14 182
15 338
-
-
total
14 182
15 338
-
-
Income
96 500
96 500
96 500
96 500
Total tax
43 969
43 306
71 199
47 062
After tax
52 531
53 194
25 301
49 438
Living cost
15 139
15 139
15 139
15 139
Free-cash
37 392
38 055
10 162
34 299

Estimated living cost  is ₴15139 per week

₴10097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1292
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.
₴3502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37299
₴31817
₴26305
₴17146
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
national
-
-
-
38 670
communal

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

-
-
-
5 147
social contributions
-
-
-
10 712
total
-
-
-
54 529
Employee

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

30 734
-
74 742
-
communal

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

1 603
-
3 898
-
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.

1 444
-
3 513
-
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.

2 305
-
5 606
-
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
-
651
-
national
9 449
-
28 263
-
total
15 068
-
41 931
-
Employer

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

30 734
-
74 742
-
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.

400
-
972
-
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
-
1 091
-
surtax
3 485
-
8 476
-
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.

2 723
-
6 622
-
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.

1 890
-
4 596
-
total
8 946
-
21 757
-
Corporate
56 820
96 500
-
-
surtax
227
413
-
-
income
11 364
20 646
-
-
total
11 591
21 059
-
-
Dividends
45 228
75 441
-
-
withholding

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

13 412
22 476
-
-
total
13 412
22 476
-
-
Income
96 500
96 500
96 500
96 500
Total tax
49 017
43 535
63 688
54 529
After tax
47 483
52 965
32 812
41 971
Living cost
15 666
15 666
15 666
15 666
Free-cash
31 817
37 299
17 146
26 305

Estimated living cost  is ₴15666 per week

₴10091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
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.
₴3960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48556
₴45613
₴38405
₴36603
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
accident
-
-
-
359
income
-
-
-
30 630
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
42 578
Employee
21 387
-
83 804
-
other
21
-
40
-
income
4 513
-
29 155
-
pensions
1 005
-
1 872
-
unemployment
332
-
617
-
total
5 871
-
31 684
-
Employer
21 387
-
83 804
-
accident
423
-
788
-
other
170
-
319
-
unemployment
1 177
-
2 190
-
pensions
5 047
-
9 399
-
total
6 817
-
12 696
-
Corporate
68 296
96 500
-
-
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.

10 244
14 475
-
-
total
10 244
14 475
-
-
Dividends
58 051
82 025
-
-
withholding
12 438
17 952
-
-
total
12 438
17 952
-
-
Income
96 500
96 500
96 500
96 500
Total tax
35 370
32 427
44 380
42 578
After tax
61 130
64 073
52 120
53 922
Living cost
15 517
15 517
15 517
15 517
Free-cash
45 613
48 556
36 603
38 405

Estimated living cost  is ₴15517 per week

₴11426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1101
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.
₴2766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31313
₴25404
₴22030
₴25879
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
accident
-
-
-
814
income
-
-
-
18 180
pensions
-
-
-
14 464
health
-
-
-
6 780
surtax
-
-
-
4 784
communal
-
-
-
6 099
total
-
-
-
51 121
Employee
32 538
-
86 200
-
health
1 448
-
3 835
-
surtax
1 994
-
5 283
-
income
3 143
-
20 958
-
pensions
2 603
-
6 896
-
total
9 188
-
36 972
-
Employer
32 538
-
86 200
-
accident
293
-
775
-
pensions
2 603
-
6 896
-
health
992
-
2 629
-
total
3 888
-
10 300
-
Corporate
60 075
96 500
-
-
surtax
631
1 013
-
-
communal
4 055
6 514
-
-
income
9 011
14 475
-
-
total
13 697
22 002
-
-
Dividends
46 378
74 498
-
-
income
14 017
8 662
-
-
withholding
6 957
11 174
-
-
total
20 974
19 836
-
-
Income
96 500
96 500
96 500
96 500
Total tax
47 747
41 838
47 272
51 121
After tax
48 753
54 662
49 228
45 379
Living cost
23 349
23 349
23 349
23 349
Free-cash
25 404
31 313
25 879
22 030

Estimated living cost  is ₴23349 per week

₴17515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1415
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.
₴4171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51048
₴49681
₴35739
₴33113
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
30 354
pensions
-
-
-
11 469
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 071
surtax
-
-
-
5 118
total
-
-
-
51 110
Employee
14 469
-
84 429
-
other
-
-
-
-
health
369
-
1 462
-
surtax
51
-
4 603
-
income
2 426
-
27 785
-
pensions
965
-
3 825
-
unemployment
1 007
-
3 991
-
total
4 818
-
41 666
-
Employer
14 469
-
84 429
-
other
-
-
-
-
unemployment
459
-
1 817
-
pensions
1 929
-
7 644
-
health
658
-
2 609
-
total
3 046
-
12 070
-
Corporate
78 984
96 500
-
-
income
20 536
25 090
-
-
total
20 536
25 090
-
-
Dividends
58 448
71 410
-
-
withholding
8 768
10 711
-
-
total
8 768
10 711
-
-
Income
96 500
96 500
96 500
96 500
Total tax
37 168
35 801
53 736
51 110
After tax
59 332
60 699
42 764
45 390
Living cost
9 651
9 651
9 651
9 651
Free-cash
49 681
51 048
33 113
35 739

Estimated living cost  is ₴9651 per week

₴5827
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.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴39149
₴38195
₴34620
₴30997
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
municipal
-
-
-
600
regional
-
-
-
1 523
national
-
-
-
26 679
social contributions
-
-
-
21 504
total
-
-
-
50 306
Employee
23 834
-
96 500
-
social contributions
8 037
-
28 193
-
regional
321
-
1 387
-
municipal
126
-
546
-
national
3 776
-
23 803
-
total
12 260
-
53 929
-
Employer
23 834
-
96 500
-
total
-
-
-
-
Corporate
72 666
96 500
-
-
nationa
17 440
23 160
-
-
municipal
3 611
4 796
-
-
total
21 051
27 956
-
-
Dividends
51 615
68 544
-
-
withholding
13 420
17 821
-
-
total
13 420
17 821
-
-
Income
96 500
96 500
96 500
96 500
Total tax
46 731
45 777
53 929
50 306
After tax
49 769
50 723
42 571
46 194
Living cost
11 574
11 574
11 574
11 574
Free-cash
38 195
39 149
30 997
34 620

Estimated living cost  is ₴11574 per week

₴7198
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.
₴3005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53779
₴49263
₴44460
₴40212
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
10 303
health
-
-
-
13 027
solidarity contribution
-
-
-
1 264
social contributions
-
-
-
14 785
total
-
-
-
39 379
Employee
18 620
-
76 919
-
social contributions
1 210
-
3 291
-
health
2 514
-
10 384
-
solidarity contribution
-
-
883
-
income
2 234
-
9 487
-
total
5 958
-
24 045
-
Employer
18 620
-
76 919
-
social contributions
4 655
-
12 659
-
health
1 676
-
6 923
-
total
6 331
-
19 582
-
Corporate
71 550
96 500
-
-
income
13 594
18 335
-
-
total
13 594
18 335
-
-
Dividends
57 955
78 165
-
-
withholding
8 693
11 725
-
-
total
8 693
11 725
-
-
Income
96 500
96 500
96 500
96 500
Total tax
34 576
30 060
43 627
39 379
After tax
61 924
66 440
52 873
57 121
Living cost
12 661
12 661
12 661
12 661
Free-cash
49 263
53 779
40 212
44 460

Estimated living cost  is ₴12661 per week

₴9416
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.
₴2325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39532
₴39323
₴35815
₴11616
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
chamber of commerce
-
-
-
386
income
-
-
-
30 830
pensions
-
-
-
9 286
unemployment
-
-
-
2 635
health
-
-
-
3 840
surtax
-
-
-
-
total
-
-
-
46 977
Employee
18 782
17 122
79 887
-
other
188
171
502
-
health
726
663
1 942
-
income
1 673
1 263
25 910
-
pensions
1 923
1 753
5 140
-
unemployment
563
514
1 506
-
total
5 073
4 364
35 000
-
Employer
18 782
17 122
79 887
-
accident
244
223
652
-
other
892
813
3 542
-
chamber of commerce
75
68
320
-
unemployment
563
514
1 506
-
surtax
-
-
-
-
pensions
2 357
2 149
6 299
-
payroll
563
514
2 396
-
health
710
647
1 897
-
total
5 404
4 928
16 612
-
Corporate
72 313
74 450
78 256
-
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.

18 078
18 612
19 564
-
total
18 078
18 612
19 564
-
Dividends
54 235
55 837
-
-
withholding
14 914
15 356
-
-
total
14 914
15 356
-
-
Income
96 500
96 500
96 500
96 500
Total tax
43 469
43 260
71 176
46 977
After tax
53 031
53 240
25 324
49 523
Living cost
13 708
13 708
13 708
13 708
Free-cash
39 323
39 532
11 616
35 815

Estimated living cost  is ₴13708 per week

₴8223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
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.
₴3840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴85609
₴84471
₴89469
₴71134
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
96 500
microenterprise

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

-
-
-
965
total
-
-
-
965
Employee
7 582
-
96 500
-
income
1 517
-
19 300
-
total
1 517
-
19 300
-
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%.

88 918
96 500
-
-
total
-
-
-
-
Dividends
88 918
96 500
-
-
withholding
4 446
4 825
-
-
total
4 446
4 825
-
-
Income
96 500
96 500
96 500
96 500
Total tax
5 963
4 825
19 300
965
After tax
90 537
91 675
77 200
95 535
Living cost
6 066
6 066
6 066
6 066
Free-cash
84 471
85 609
71 134
89 469

Estimated living cost  is ₴6066 per week

₴4105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴255
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.
₴1503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54916
₴51324
₴33294
₴31198
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
96 500
income
-
-
-
24 418
pensions
-
-
-
17 623
unemployment
-
-
-
145
health
-
-
-
9 496
total
-
-
-
51 682
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.

19 000
-
83 500
-
health
1 227
-
5 394
-
income
3 276
-
22 324
-
pensions
2 945
-
12 942
-
unemployment
27
-
117
-
total
7 475
-
40 777
-
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.

19 000
-
83 500
-
unemployment
11
-
50
-
pensions
1 681
-
7 390
-
health
1 265
-
5 561
-
total
2 957
-
13 001
-
Corporate
74 542
96 500
-
-
income
14 163
18 335
-
-
total
14 163
18 335
-
-
Dividends
60 380
78 165
-
-
withholding
9 057
11 725
-
-
total
9 057
11 725
-
-
Income
96 500
96 500
96 500
96 500
Total tax
33 652
30 060
53 778
51 682
After tax
62 848
66 440
42 722
44 818
Living cost
11 524
11 524
11 524
11 524
Free-cash
51 324
54 916
31 198
33 294

Estimated living cost  is ₴11524 per week

₴7909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴739
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.
₴2654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40076
₴19533
₴48054
₴72184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
18 810
social contributions
-
-
-
11 001
total
-
-
-
29 811
Employee
26 720
-
-
-
social contributions
2 191
-
312
-
income
5 894
-
-
-
total
8 085
-
312
-
Employer
26 720
-
-
-
social contributions
37 675
-
5 369
-
total
37 675
-
5 369
-
Corporate
32 105
96 500
-
-
income
7 063
21 230
-
-
total
7 063
21 230
-
-
Dividends
25 042
75 270
-
-
income
5 509
16 559
-
-
total
5 509
16 559
-
-
Income
96 500
96 500
96 500
96 500
Total tax
58 332
37 789
5 681
29 811
After tax
38 168
58 711
90 819
66 689
Living cost
18 635
18 635
18 635
18 635
Free-cash
19 533
40 076
72 184
48 054

Estimated living cost  is ₴18635 per week

₴12091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1753
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41412
₴40979
₴36868
₴29337
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
96 500
income
-
-
-
12 621
surtax
-
-
-
-
social contributions

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

-
-
-
33 534
total
-
-
-
46 155
Employee
19 761
-
77 980
-
social contributions
2 174
-
8 578
-
surtax
-
-
104
-
income
4 110
-
26 484
-
total
6 284
-
35 166
-
Employer
19 761
-
77 980
-
social contributions
4 693
-
18 520
-
total
4 693
-
18 520
-
Corporate
72 046
96 500
-
-
surtax
-
-
-
-
income
15 130
20 265
-
-
total
15 130
20 265
-
-
Dividends
56 916
76 235
-
-
withholding
15 937
21 346
-
-
total
15 937
21 346
-
-
Income
96 500
96 500
96 500
96 500
Total tax
42 044
41 611
53 686
46 155
After tax
54 456
54 889
42 814
50 345
Living cost
13 477
13 477
13 477
13 477
Free-cash
40 979
41 412
29 337
36 868

Estimated living cost  is ₴13477 per week

₴10083
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.
₴2373
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27884
₴30838
₴32067
₴29251
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
17 986
pensions
-
-
-
15 224
other
-
-
-
2 992
health
-
-
-
4 730
surtax
-
-
-
-
social contributions
-
-
-
2 749
total
-
-
-
43 681
Employee
26 910
-
73 614
-
social contributions
766
-
2 098
-
surtax
-
-
-
-
income
2 348
-
15 950
-
pensions
3 044
-
5 562
-
total
6 158
-
23 610
-
Employer
26 910
-
73 614
-
other
929
-
3 061
-
social contributions
81
-
221
-
unemployment
1 090
-
2 982
-
pensions
4 422
-
9 286
-
health
1 883
-
7 337
-
total
8 405
-
22 887
-
Corporate
61 185
96 500
-
-
surtax
-
-
-
-
income
17 131
27 020
-
-
total
17 131
27 020
-
-
Dividends
44 054
69 480
-
-
surtax
-
-
-
-
social contributions
7 577
11 951
-
-
withholding
5 639
8 893
-
-
total
13 216
20 844
-
-
Income
96 500
96 500
96 500
96 500
Total tax
44 910
47 864
46 497
43 681
After tax
51 590
48 636
50 003
52 819
Living cost
20 752
20 752
20 752
20 752
Free-cash
30 838
27 884
29 251
32 067

Estimated living cost  is ₴20752 per week

₴14044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴73935
₴72491
₴57438
₴60002
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
4 918
social contributions
-
-
-
21 229
total
-
-
-
26 147
Employee
13 813
-
83 550
-
income
-
-
5 203
-
social contributions
898
-
5 430
-
total
898
-
10 633
-
Employer
13 813
-
83 550
-
social contributions
2 141
-
12 950
-
total
2 141
-
12 950
-
Corporate
80 546
96 500
-
-
income
8 055
9 650
-
-
total
8 055
9 650
-
-
Dividends
72 491
86 850
-
-
total
-
-
-
-
Income
96 500
96 500
96 500
96 500
Total tax
11 094
9 650
23 583
26 147
After tax
85 406
86 850
72 917
70 353
Living cost
12 915
12 915
12 915
12 915
Free-cash
72 491
73 935
60 002
57 438

Estimated living cost  is ₴12915 per week

₴8351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
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.
₴3348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2886
₴1643
₴35018
₴2886
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
municipal
-
-
-
20 720
pensions
-
-
-
372
national
-
-
-
12 007
labour market
-
-
-
7 690
total
-
-
-
40 789
Employee
87 338
87 338
87 338
-
labour market
6 977
6 977
6 977
-
national
10 670
10 670
10 670
-
municipal
18 598
18 598
18 598
-
pensions
124
124
124
-
total
36 369
36 369
36 369
-
Employer
87 338
87 338
87 338
-
labour market
6 987
6 987
6 987
-
municipal
18 628
18 628
18 628
-
pensions
248
248
248
-
national
10 689
10 689
10 689
-
total
36 552
36 552
36 552
-
Corporate
2 886
-
-
-
income
635
-
-
-
total
635
-
-
-
Dividends
2 251
-
-
-
withholding
608
-
-
-
total
608
-
-
-
Income
96 500
96 500
96 500
96 500
Total tax
74 164
72 921
72 921
40 789
After tax
22 336
23 579
23 579
55 711
Living cost
20 693
20 693
20 693
20 693
Free-cash
1 643
2 886
2 886
35 018

Estimated living cost  is ₴20693 per week

₴14162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1830
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.
₴4382
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1473
₴6393
₴56602
₴43864
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
accident
-
-
-
108
income
-
-
-
27 623
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
30 608
Employee
14 614
-
88 146
-
health
1 673
-
10 093
-
income
2 005
-
21 629
-
pensions
1 646
-
3 270
-
total
5 324
-
34 992
-
Employer
14 614
-
88 146
-
accident
244
-
1 472
-
unemployment
358
-
2 160
-
pensions
2 376
-
4 722
-
total
2 978
-
8 354
-
Corporate
78 907
96 500
-
-
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.

71 016
86 850
-
-
total
71 016
86 850
-
-
Dividends
7 891
9 650
-
-
withholding
1 499
1 833
-
-
total
1 499
1 833
-
-
Income
96 500
96 500
96 500
96 500
Total tax
80 817
88 683
43 346
30 608
After tax
15 683
7 817
53 154
65 892
Living cost
9 290
9 290
9 290
9 290
Free-cash
6 393
-1 473
43 864
56 602

Estimated living cost  is ₴9290 per week

₴6762
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴530
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42680
₴44006
₴42721
₴31668
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
96 500
municipal
-
-
-
17 135
health
-
-
-
1 307
national
-
-
-
18 841
total
-
-
-
37 283
Employee
22 605
-
81 180
-
health
169
-
1 071
-
municipal
3 703
-
13 214
-
pensions
1 526
-
5 480
-
unemployment
339
-
1 217
-
national
373
-
12 035
-
total
6 110
-
33 017
-
Employer
22 605
-
81 180
-
accident
23
-
82
-
unemployment
147
-
528
-
pensions
3 922
-
14 084
-
health
174
-
625
-
total
4 266
-
15 319
-
Corporate
69 630
96 500
-
-
income
13 926
19 300
-
-
total
13 926
19 300
-
-
Dividends

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

41 778
57 900
-
-
national
4 176
7 602
-
-
municipal
7 520
10 422
-
-
total
11 696
18 024
-
-
Income
96 500
96 500
96 500
96 500
Total tax
35 998
37 324
48 336
37 283
After tax
60 502
59 176
48 164
59 217
Living cost
16 496
16 496
16 496
16 496
Free-cash
44 006
42 680
31 668
42 721

Estimated living cost  is ₴16496 per week

₴10775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3872
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60382
₴58043
₴54967
₴54176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
22 172
health
-
-
-
2 461
social contributions
-
-
-
6 952
total
-
-
-
31 585
Employee
33 039
33 039
91 116
-
social contributions
1 249
2 742
3 698
-
health
256
562
1 549
-
income
3 597
3 058
21 746
-
total
5 102
6 362
26 993
-
Employer
33 039
33 039
91 116
-
social contributions
1 249
2 742
3 698
-
health
278
612
1 685
-
total
1 527
3 354
5 383
-
Corporate
79 923
60 108
-
-
income
9 991
7 513
-
-
total
9 991
7 513
-
-
Dividends
69 932
52 594
-
-
withholding
11 889
8 941
-
-
total
11 889
8 941
-
-
Income
96 500
96 500
96 500
96 500
Total tax
28 509
26 170
32 376
31 585
After tax
67 991
70 330
64 124
64 915
Living cost
9 948
9 948
9 948
9 948
Free-cash
58 043
60 382
54 176
54 967

Estimated living cost  is ₴9948 per week

₴5962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴976
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.
₴2790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴73090
₴70904
₴75388
₴66770
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
96 500
income
-
-
-
9 990
pensions
-
-
-
2 733
unemployment
-
-
-
12
health
-
-
-
1 555
total
-
-
-
14 290
Employee

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

9 862
-
92 301
-
health
838
-
3 465
-
income
674
-
8 925
-
pensions
1 479
-
6 115
-
unemployment
49
-
204
-
total
3 040
-
18 709
-
Employer

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

9 862
-
92 301
-
unemployment
49
-
204
-
pensions
542
-
2 242
-
health
424
-
1 753
-
total
1 015
-
4 199
-
Corporate
85 623
96 500
-
-
income
7 706
8 685
-
-
total
7 706
8 685
-
-
Dividends
77 917
87 815
-
-
withholding
7 013
7 903
-
-
total
7 013
7 903
-
-
Income
96 500
96 500
96 500
96 500
Total tax
18 774
16 588
22 908
14 290
After tax
77 726
79 912
73 592
82 210
Living cost
6 822
6 822
6 822
6 822
Free-cash
70 904
73 090
66 770
75 388

Estimated living cost  is ₴6822 per week

₴4352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
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.
₴1774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52258
₴50361
₴42107
₴40305
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
accident
-
-
-
359
income
-
-
-
30 630
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
42 578
Employee
15 887
-
83 804
-
other
15
-
40
-
income
3 063
-
29 155
-
pensions
747
-
1 872
-
unemployment
246
-
617
-
total
4 071
-
31 684
-
Employer
15 887
-
83 804
-
accident
315
-
788
-
other
127
-
319
-
unemployment
874
-
2 190
-
pensions
3 749
-
9 399
-
total
5 065
-
12 696
-
Corporate
75 548
96 500
-
-
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.

11 332
14 475
-
-
total
11 332
14 475
-
-
Dividends
64 216
82 025
-
-
withholding
13 856
17 952
-
-
total
13 856
17 952
-
-
Income
96 500
96 500
96 500
96 500
Total tax
34 324
32 427
44 380
42 578
After tax
62 176
64 073
52 120
53 922
Living cost
11 815
11 815
11 815
11 815
Free-cash
50 361
52 258
40 305
42 107

Estimated living cost  is ₴11815 per week

₴7975
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1136
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.
₴2497
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59039
₴58845
₴60857
₴60773
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
32 986
pensions
-
-
-
858
health
-
-
-
622
total
-
-
-
34 466
Employee
1 792
-
95 535
-
health
90
-
215
-
income
347
-
32 940
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
616
-
33 584
-
Employer
1 792
-
95 535
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
408
-
total
403
-
966
-
Corporate
94 305
96 500
-
-
income
20 747
21 230
-
-
total
20 747
21 230
-
-
Dividends
73 558
75 270
-
-
withholding
14 712
15 054
-
-
total
14 712
15 054
-
-
Income
96 500
96 500
96 500
96 500
Total tax
36 478
36 284
34 550
34 466
After tax
60 022
60 216
61 950
62 034
Living cost
1 177
1 177
1 177
1 177
Free-cash
58 845
59 039
60 773
60 857

Estimated living cost  is ₴1177 per week

₴699
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
₴62291
₴60177
₴54739
₴54739
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
96 500
income
-
-
-
22 330
pensions
-
-
-
8 255
unemployment
-
-
-
476
health
-
-
-
3 270
total
-
-
-
34 331
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.

11 204
-
90 816
-
health
577
-
1 635
-
income
1 544
-
22 330
-
pensions
1 569
-
4 445
-
unemployment
84
-
238
-
total
3 774
-
28 648
-
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.

11 204
-
90 816
-
unemployment
84
-
238
-
pensions
1 344
-
3 810
-
health
577
-
1 635
-
total
2 005
-
5 683
-
Corporate
83 290
96 500
-
-
income
12 494
14 475
-
-
total
12 494
14 475
-
-
Dividends
70 797
82 025
-
-
withholding
10 620
12 304
-
-
total
10 620
12 304
-
-
Income
96 500
96 500
96 500
96 500
Total tax
28 893
26 779
34 331
34 331
After tax
67 607
69 721
62 169
62 169
Living cost
7 430
7 430
7 430
7 430
Free-cash
60 177
62 291
54 739
54 739

Estimated living cost  is ₴7430 per week

₴5003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴575
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.
₴1638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43306
₴43152
₴38762
₴31231
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
96 500
income
-
-
-
12 621
surtax
-
-
-
-
social contributions

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

-
-
-
33 534
total
-
-
-
46 155
Employee
16 676
-
77 980
-
social contributions
1 835
-
8 578
-
surtax
-
-
104
-
income
3 258
-
26 484
-
total
5 093
-
35 166
-
Employer
16 676
-
77 980
-
social contributions
3 960
-
18 520
-
total
3 960
-
18 520
-
Corporate
75 864
96 500
-
-
surtax
-
-
-
-
income
15 931
20 265
-
-
total
15 931
20 265
-
-
Dividends
59 933
76 235
-
-
withholding
16 781
21 346
-
-
total
16 781
21 346
-
-
Income
96 500
96 500
96 500
96 500
Total tax
41 765
41 611
53 686
46 155
After tax
54 735
54 889
42 814
50 345
Living cost
11 583
11 583
11 583
11 583
Free-cash
43 152
43 306
31 231
38 762

Estimated living cost  is ₴11583 per week

₴8204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴805
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.
₴2369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48973
₴46163
₴38822
₴37020
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
accident
-
-
-
359
income
-
-
-
30 630
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
42 578
Employee
20 750
-
83 804
-
other
20
-
40
-
income
4 334
-
29 155
-
pensions
975
-
1 872
-
unemployment
321
-
617
-
total
5 650
-
31 684
-
Employer
20 750
-
83 804
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 141
-
2 190
-
pensions
4 897
-
9 399
-
total
6 615
-
12 696
-
Corporate
69 134
96 500
-
-
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.

10 370
14 475
-
-
total
10 370
14 475
-
-
Dividends
58 764
82 025
-
-
withholding
12 602
17 952
-
-
total
12 602
17 952
-
-
Income
96 500
96 500
96 500
96 500
Total tax
35 237
32 427
44 380
42 578
After tax
61 263
64 073
52 120
53 922
Living cost
15 100
15 100
15 100
15 100
Free-cash
46 163
48 973
37 020
38 822

Estimated living cost  is ₴15100 per week

₴10844
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.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴75117
₴72498
₴70628
₴74637
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
14 475
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
18 482
Employee
9 786
-
93 556
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
income
979
-
9 356
-
pensions

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

859
-
1 318
-
total
2 396
-
11 529
-
Employer
9 786
-
93 556
-
accident

We are using the highest rate at 1.1%.

108
-
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
-
1 654
-
health
675
-
1 035
-
total
1 920
-
2 944
-
Corporate
84 794
96 500
-
-
income
8 480
9 650
-
-
total
8 480
9 650
-
-
Dividends
76 315
86 850
-
-
withholding
3 816
4 343
-
-
total
3 816
4 343
-
-
Income
96 500
96 500
96 500
96 500
Total tax
16 612
13 993
14 473
18 482
After tax
79 888
82 507
82 027
78 018
Living cost
7 390
7 390
7 390
7 390
Free-cash
72 498
75 117
74 637
70 628

Estimated living cost  is ₴7390 per week

₴4888
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.
₴1903
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33041
₴38663
₴32091
₴43072
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
96 500
trade
-
-
-
10 981
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.

-
-
-
32 137
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.

-
-
-
2 935
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.

-
-
-
1 768
total
-
-
-
47 821
Employee

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

21 378
-
96 500
-
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.

2 935
-
2 935
-
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
-
1 768
-
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.

1 758
-
32 137
-
total
4 790
-
36 840
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
75 122
96 500
-
-
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.

620
796
-
-
income
11 268
14 475
-
-
trade
10 780
13 848
-
-
chamber of commerce
175
207
-
-
total
22 843
29 326
-
-
Dividends
52 279
67 174
-
-
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.

710
915
-
-
withholding
12 906
16 630
-
-
total
13 616
17 545
-
-
Income
96 500
96 500
96 500
96 500
Total tax
41 249
46 871
36 840
47 821
After tax
55 251
49 629
59 660
48 679
Living cost
16 588
16 588
16 588
16 588
Free-cash
38 663
33 041
43 072
32 091

Estimated living cost  is ₴16588 per week

₴11443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1785
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43075
₴44023
₴23945
₴23945
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
31 498
social contributions
-
-
-
16 582
total
-
-
-
48 080
Employee
33 609
-
96 500
-
income
6 342
-
31 498
-
social contributions
2 792
-
16 582
-
total
9 134
-
48 080
-
Employer
33 609
-
96 500
-
total
-
-
-
-
Corporate
62 891
96 500
-
-
income
7 862
12 062
-
-
total
7 862
12 062
-
-
Dividends
55 030
84 438
-
-
withholding
11 006
16 888
-
-
total
11 006
16 888
-
-
Income
96 500
96 500
96 500
96 500
Total tax
28 002
28 950
48 080
48 080
After tax
68 498
67 550
48 420
48 420
Living cost
24 475
24 475
24 475
24 475
Free-cash
44 023
43 075
23 945
23 945

Estimated living cost  is ₴24475 per week

₴18620
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
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.
₴3627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44858
₴46359
₴63549
₴51747
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
96 500
income
-
-
-
14 475
health

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

-
-
-
2 879
total
-
-
-
17 354
Employee
19 710
-
94 524
-
income
2 139
-
25 204
-
social contributions
1 975
-
1 976
-
total
4 114
-
27 180
-
Employer
19 710
-
94 524
-
social contributions
1 975
-
1 976
-
total
1 975
-
1 976
-
Corporate
74 815
96 500
-
-
income
26 185
33 775
-
-
total
26 185
33 775
-
-
Dividends
48 630
62 725
-
-
social contributions
2 270
2 270
-
-
total
2 270
2 270
-
-
Income
96 500
96 500
96 500
96 500
Total tax
34 544
36 045
29 156
17 354
After tax
61 956
60 455
67 344
79 146
Living cost
15 597
15 597
15 597
15 597
Free-cash
46 359
44 858
51 747
63 549

Estimated living cost  is ₴15597 per week

₴10273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1230
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.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44972
₴47513
₴46479
₴37861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
income
-
-
-
29 800
pensions
-
-
-
4 279
total
-
-
-
34 079
Employee
21 882
-
84 105
-
health
285
-
1 138
-
income
3 985
-
24 053
-
pensions
1 670
-
5 111
-
total
5 940
-
30 302
-
Employer
21 882
-
84 105
-
pensions
2 211
-
10 797
-
health
416
-
1 598
-
total
2 627
-
12 395
-
Corporate
71 991
96 500
-
-
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.

13 679
18 335
-
-
total
13 679
18 335
-
-
Dividends
58 312
78 165
-
-
withholding
10 799
17 251
-
-
total
10 799
17 251
-
-
Income
96 500
96 500
96 500
96 500
Total tax
33 045
35 586
42 697
34 079
After tax
63 455
60 914
53 803
62 421
Living cost
15 942
15 942
15 942
15 942
Free-cash
47 513
44 972
37 861
46 479

Estimated living cost  is ₴15942 per week

₴10936
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴199
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3339
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2393
₴6253
₴55682
₴42944
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
accident
-
-
-
108
income
-
-
-
27 623
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
30 608
Employee
16 061
-
88 146
-
health
1 839
-
10 093
-
income
2 203
-
21 629
-
pensions
1 808
-
3 270
-
total
5 850
-
34 992
-
Employer
16 061
-
88 146
-
accident
268
-
1 472
-
unemployment
393
-
2 160
-
pensions
2 611
-
4 722
-
total
3 272
-
8 354
-
Corporate
77 166
96 500
-
-
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.

69 449
86 850
-
-
total
69 449
86 850
-
-
Dividends
7 717
9 650
-
-
withholding
1 466
1 833
-
-
total
1 466
1 833
-
-
Income
96 500
96 500
96 500
96 500
Total tax
80 037
88 683
43 346
30 608
After tax
16 463
7 817
53 154
65 892
Living cost
10 210
10 210
10 210
10 210
Free-cash
6 253
-2 393
42 944
55 682

Estimated living cost  is ₴10210 per week

₴7493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1916
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68019
₴66721
₴55578
₴65025
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
96 500
work injury
-
-
-
344
health insurance
-
-
-
5 084
income
-
-
-
16 225
pensions
-
-
-
12 642
unemployment
-
-
-
824
total
-
-
-
35 119
Employee

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

9 285
-
96 500
-
work injury
46
-
172
-
income
928
-
16 225
-
pensions
1 708
-
6 321
-
health insurance
687
-
2 542
-
unemployment
111
-
412
-
total
3 480
-
25 672
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
87 215
96 500
-
-
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%.

8 722
9 650
-
-
total
8 722
9 650
-
-
Dividends
78 494
86 850
-
-
withholding
11 774
13 028
-
-
total
11 774
13 028
-
-
Income
96 500
96 500
96 500
96 500
Total tax
23 976
22 678
25 672
35 119
After tax
72 524
73 822
70 828
61 381
Living cost
5 803
5 803
5 803
5 803
Free-cash
66 721
68 019
65 025
55 578

Estimated living cost  is ₴5803 per week

₴3595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33712
₴31758
₴28171
₴24641
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
96 500
municipal
-
-
-
675
regional
-
-
-
2 354
national
-
-
-
26 679
social contributions
-
-
-
21 504
total
-
-
-
51 212
Employee
36 206
-
96 500
-
social contributions
12 208
-
28 193
-
regional
547
-
2 131
-
municipal
216
-
615
-
national
6 118
-
23 803
-
total
19 089
-
54 742
-
Employer
36 206
-
96 500
-
total
-
-
-
-
Corporate
60 294
96 500
-
-
nationa
14 471
23 160
-
-
municipal
2 906
4 652
-
-
total
17 377
27 812
-
-
Dividends
42 918
68 688
-
-
withholding
11 159
17 859
-
-
total
11 159
17 859
-
-
Income
96 500
96 500
96 500
96 500
Total tax
47 625
45 671
54 742
51 212
After tax
48 875
50 829
41 758
45 288
Living cost
17 117
17 117
17 117
17 117
Free-cash
31 758
33 712
24 641
28 171

Estimated living cost  is ₴17117 per week

₴12023
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.
₴3657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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