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
₴ 97000
per

Your estimated
City
free-cash

Dresden , Germany
₴45578
₴33428
₴34044
₴39083
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 000
health

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

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

-
-
-
3 492
income

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

-
-
-
30 755
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.

-
-
-
1 692
trade
-
-
-
11 534
total
-
-
-
47 473
Employee

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

19 552
-
97 000
-
surtax

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

30
-
1 692
-
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.

546
-
30 755
-
health

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

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

3 492
-
3 492
-
total
4 068
-
35 939
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
77 448
97 000
-
-
chamber of commerce
189
217
-
-
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.

639
800
-
-
trade
12 198
15 278
-
-
income
11 618
14 550
-
-
total
24 644
30 845
-
-
Dividends
52 804
66 155
-
-
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.

715
899
-
-
withholding
13 007
16 345
-
-
total
13 722
17 244
-
-
Income
97 000
97 000
97 000
97 000
Total tax
42 434
48 089
35 939
47 473
After tax
54 566
48 911
61 061
49 527
Living cost
15 483
15 483
15 483
15 483
Free-cash
39 083
33 428
45 578
34 044

Estimated living cost  is ₴15483 per week

₴9740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1805
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30491
₴33614
₴29969
₴33166
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
social contributions
-
-
-
1 043
pensions
-
-
-
11 640
national
-
-
-
16 783
municipal
-
-
-
10 651
total
-
-
-
40 117
Employee
41 721
-
83 856
-
municipal
5 153
-
11 026
-
national
7 985
-
17 606
-
pensions
1 669
-
3 354
-
total
14 807
-
31 986
-
Employer
41 721
-
83 856
-
pensions
3 338
-
6 708
-
social contributions
449
-
901
-
total
3 787
-
7 609
-
Corporate
48 739
97 000
-
-
income

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

9 748
19 400
-
-
total
9 748
19 400
-
-
Dividends
38 991
77 600
-
-
withholding
8 578
17 072
-
-
total
8 578
17 072
-
-
Income
97 000
97 000
97 000
97 000
Total tax
36 920
36 472
39 595
40 117
After tax
60 080
60 528
57 405
56 883
Living cost
26 914
26 914
26 914
26 914
Free-cash
33 166
33 614
30 491
29 969

Estimated living cost  is ₴26914 per week

₴18293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2502
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30592
₴66965
₴23435
₴62772
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 000
social contributions

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

-
-
-
19 586
income
-
-
-
18 609
surtax
-
-
-
24 735
microenterprise
-
-
-
-
total
-
-
-
62 930
Employee
14 937
-
74 165
-
surtax
-
-
10 754
-
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.

1 643
-
6 701
-
income
2 659
-
15 484
-
total
4 302
-
32 939
-
Employer
14 937
-
74 165
-
surtax
-
-
8 158
-
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.

3 598
-
14 676
-
total
3 598
-
22 834
-
Corporate
78 465
97 000
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

15 693
19 400
-
-
total
15 693
19 400
-
-
Dividends

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

62 772
77 600
-
-
total
-
-
-
-
Income
97 000
97 000
97 000
97 000
Total tax
23 593
19 400
55 773
62 930
After tax
73 407
77 600
41 227
34 070
Living cost
10 635
10 635
10 635
10 635
Free-cash
62 772
66 965
30 592
23 435

Estimated living cost  is ₴10635 per week

₴6785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴39944
₴26715
₴31654
₴23582
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
health
-
-
-
6 304
income
-
-
-
31 639
pensions
-
-
-
5 989
total
-
-
-
43 932
Employee
43 653
43 653
87 500
-
income

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

7 145
7 145
13 849
-
pensions
7 858
5 989
5 989
-
health
6 700
5 699
6 304
-
total
21 703
18 833
26 142
-
Employer
43 653
43 653
87 500
-
unemployment
1 572
1 572
1 953
-
health
3 034
3 034
3 771
-
pensions
3 038
3 038
3 776
-
total
7 644
7 644
9 500
-
Corporate
46 238
45 703
-
-
income
9 248
9 141
-
-
total
9 248
9 141
-
-
Dividends
36 990
36 562
-
-
income
7 860
7 769
-
-
withholding
5 549
5 484
-
-
total
13 409
13 253
-
-
Income
97 000
97 000
97 000
97 000
Total tax
52 004
48 871
35 642
43 932
After tax
44 996
48 129
61 358
53 068
Living cost
21 414
21 414
21 414
21 414
Free-cash
23 582
26 715
39 944
31 654

Estimated living cost  is ₴21414 per week

₴15176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3968
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28012
₴31932
₴28522
₴31460
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
other
-
-
-
5 356
health
-
-
-
2 876
accident
-
-
-
92
pensions
-
-
-
4 982
national
-
-
-
9 152
unemployment
-
-
-
46
municipal
-
-
-
24 944
total
-
-
-
47 448
Employee
29 966
-
82 518
-
municipal
8 936
-
24 607
-
national
-
-
8 869
-
total
8 936
-
33 476
-
Employer
29 966
-
82 518
-
other
3 482
-
5 356
-
unemployment
791
-
1 217
-
health
1 843
-
2 835
-
accident
60
-
92
-
pensions
3 239
-
4 982
-
total
9 415
-
14 482
-
Corporate
57 619
97 000
-
-
income
12 676
21 340
-
-
total
12 676
21 340
-
-
Dividends
44 943
75 660
-
-
withholding
13 483
22 698
-
-
total
13 483
22 698
-
-
Income
97 000
97 000
97 000
97 000
Total tax
44 510
44 038
47 958
47 448
After tax
52 490
52 962
49 042
49 552
Living cost
21 030
21 030
21 030
21 030
Free-cash
31 460
31 932
28 012
28 522

Estimated living cost  is ₴21030 per week

₴13938
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2064
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4709
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40979
₴28331
₴28932
₴35516
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 000
health

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

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

-
-
-
3 492
income

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

-
-
-
30 755
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.

-
-
-
1 692
trade
-
-
-
12 047
total
-
-
-
47 986
Employee

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

25 923
-
97 000
-
surtax

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

122
-
1 692
-
income

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

2 227
-
30 755
-
health

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

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

3 492
-
3 492
-
total
5 841
-
35 939
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 077
97 000
-
-
chamber of commerce
178
215
-
-
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.

586
800
-
-
trade
11 692
15 957
-
-
income
10 661
14 550
-
-
total
23 117
31 522
-
-
Dividends
47 959
65 478
-
-
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.

649
890
-
-
withholding
11 795
16 175
-
-
total
12 444
17 065
-
-
Income
97 000
97 000
97 000
97 000
Total tax
41 402
48 587
35 939
47 986
After tax
55 598
48 413
61 061
49 014
Living cost
20 082
20 082
20 082
20 082
Free-cash
35 516
28 331
40 979
28 932

Estimated living cost  is ₴20082 per week

₴13431
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2118
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48538
₴54159
₴49370
₴52039
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
social contributions
-
-
-
8 271
health
-
-
-
2 474
income
-
-
-
20 305
total
-
-
-
31 050
Employee
39 308
39 308
90 918
-
social contributions
1 910
3 262
4 400
-
income
4 128
3 639
19 855
-
health
391
668
1 545
-
total
6 429
7 569
25 800
-
Employer
39 308
39 308
90 918
-
health
426
728
1 682
-
social contributions
1 910
3 262
4 400
-
total
2 336
3 990
6 082
-
Corporate
71 655
53 702
-
-
income
8 957
6 713
-
-
total
8 957
6 713
-
-
Dividends
62 698
46 989
-
-
withholding
10 659
7 989
-
-
total
10 659
7 989
-
-
Income
97 000
97 000
97 000
97 000
Total tax
28 381
26 261
31 882
31 050
After tax
68 619
70 739
65 118
65 950
Living cost
16 580
16 580
16 580
16 580
Free-cash
52 039
54 159
48 538
49 370

Estimated living cost  is ₴16580 per week

₴11334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1295
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.
₴3673
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46861
₴45106
₴57826
₴45300
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
health
-
-
-
6 790
income
-
-
-
11 858
pensions
-
-
-
9 700
unemployment
-
-
-
1 455
total
-
-
-
29 803
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.

13 528
5 384
81 172
-
income
1 654
658
9 923
-
pensions
1 353
538
8 117
-
health
947
377
5 682
-
unemployment
203
81
1 218
-
total
4 157
1 654
24 940
-
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.

13 528
5 384
81 172
-
pensions
2 638
1 050
15 828
-
total
2 638
1 050
15 828
-
Corporate
80 834
90 566
-
-
income
7 275
8 151
-
-
total
7 275
8 151
-
-
Dividends
73 559
82 415
-
-
social contributions
14 283
16 009
-
-
withholding
13 976
15 659
-
-
total
28 259
31 668
-
-
Income
97 000
97 000
97 000
97 000
Total tax
42 329
42 523
40 768
29 803
After tax
54 671
54 477
56 232
67 197
Living cost
9 371
9 371
9 371
9 371
Free-cash
45 300
45 106
46 861
57 826

Estimated living cost  is ₴9371 per week

₴6395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴767
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴187
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2022
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43562
₴65253
₴39645
₴62077
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
health
-
-
-
12 610
income
-
-
-
12 998
pensions
-
-
-
19 400
total
-
-
-
45 008
Employee
14 502
-
72 497
-
income
1 633
-
13 978
-
pensions
290
-
1 450
-
unemployment
232
-
1 160
-
total
2 155
-
16 588
-
Employer
14 502
-
72 497
-
unemployment
116
-
580
-
health
1 885
-
9 424
-
pensions
2 901
-
14 499
-
total
4 902
-
24 503
-
Corporate
77 597
97 000
-
-
income
15 519
19 400
-
-
total
15 519
19 400
-
-
Dividends
62 077
77 600
-
-
total
-
-
-
-
Income
97 000
97 000
97 000
97 000
Total tax
22 576
19 400
41 091
45 008
After tax
74 424
77 600
55 909
51 992
Living cost
12 347
12 347
12 347
12 347
Free-cash
62 077
65 253
43 562
39 645

Estimated living cost  is ₴12347 per week

₴8469
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴735
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2895
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41660
-₴3410
₴55018
₴6129
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
other
-
-
-
190
health
-
-
-
1 117
accident
-
-
-
129
income
-
-
-
27 148
pensions
-
-
-
2 131
total
-
-
-
30 715
Employee
17 724
-
87 742
-
income
2 432
-
20 862
-
pensions
1 996
-
3 907
-
health
2 029
-
10 047
-
total
6 457
-
34 816
-
Employer
17 724
-
87 742
-
unemployment
434
-
2 150
-
accident
296
-
1 465
-
pensions
2 882
-
5 642
-
total
3 612
-
9 257
-
Corporate
75 664
97 000
-
-
income

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

68 097
87 300
-
-
total
68 097
87 300
-
-
Dividends
7 566
9 700
-
-
withholding
1 438
1 843
-
-
total
1 438
1 843
-
-
Income
97 000
97 000
97 000
97 000
Total tax
79 604
89 143
44 073
30 715
After tax
17 396
7 857
52 927
66 285
Living cost
11 267
11 267
11 267
11 267
Free-cash
6 129
-3 410
41 660
55 018

Estimated living cost  is ₴11267 per week

₴8258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴73335
₴87885
₴91765
₴87086
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
97 000
microenterprise

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

-
-
-
970
total
-
-
-
970
Employee
5 331
-
97 000
-
income
1 066
-
19 400
-
total
1 066
-
19 400
-
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%.

91 669
97 000
-
-
total
-
-
-
-
Dividends
91 669
97 000
-
-
withholding
4 583
4 850
-
-
total
4 583
4 850
-
-
Income
97 000
97 000
97 000
97 000
Total tax
5 649
4 850
19 400
970
After tax
91 351
92 150
77 600
96 030
Living cost
4 265
4 265
4 265
4 265
Free-cash
87 086
87 885
73 335
91 765

Estimated living cost  is ₴4265 per week

₴2643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41185
₴57645
₴41967
₴54194
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
other
-
-
-
3 692
health
-
-
-
3 420
income
-
-
-
15 644
pensions

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

-
-
-
18 656
total
-
-
-
41 412
Employee
18 561
-
77 475
-
income
3 195
-
15 385
-
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.

1 299
-
5 424
-
health
260
-
1 085
-
unemployment
185
-
775
-
total
4 939
-
22 669
-
Employer
18 561
-
77 475
-
other
928
-
3 874
-
unemployment
185
-
775
-
health
260
-
1 085
-
accident
148
-
620
-
pensions

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

3 156
-
13 171
-
total
4 677
-
19 525
-
Corporate
73 762
97 000
-
-
income
15 490
20 370
-
-
total
15 490
20 370
-
-
Dividends
58 272
76 630
-
-
withholding
4 079
5 364
-
-
total
4 079
5 364
-
-
Income
97 000
97 000
97 000
97 000
Total tax
29 185
25 734
42 194
41 412
After tax
67 815
71 266
54 806
55 588
Living cost
13 621
13 621
13 621
13 621
Free-cash
54 194
57 645
41 185
41 967

Estimated living cost  is ₴13621 per week

₴9624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴920
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.
₴2858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21025
₴28693
₴29764
₴31696
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
28 514
pensions
-
-
-
4 723
total
-
-
-
33 237
Employee
48 104
-
84 666
-
income
8 671
-
22 688
-
health
793
-
1 198
-
pensions
4 641
-
5 755
-
total
14 105
-
29 641
-
Employer
48 104
-
84 666
-
health
914
-
1 609
-
pensions
5 680
-
10 726
-
total
6 594
-
12 335
-
Corporate
42 303
97 000
-
-
income

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

8 037
18 429
-
-
total
8 037
18 429
-
-
Dividends
34 266
78 571
-
-
withholding
2 569
15 879
-
-
total
2 569
15 879
-
-
Income
97 000
97 000
97 000
97 000
Total tax
31 305
34 308
41 976
33 237
After tax
65 695
62 692
55 024
63 763
Living cost
33 999
33 999
33 999
33 999
Free-cash
31 696
28 693
21 025
29 764

Estimated living cost  is ₴33999 per week

₴25476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3995
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4252
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴74970
₴76293
₴71083
₴73940
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
health
-
-
-
2 035
income
-
-
-
14 550
pensions

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

-
-
-
2 619
unemployment
-
-
-
71
total
-
-
-
19 275
Employee
8 795
-
93 528
-
income
879
-
9 353
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

772
-
1 554
-
health
405
-
814
-
total
2 153
-
11 916
-
Employer
8 795
-
93 528
-
unemployment
53
-
106
-
health
607
-
1 221
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

969
-
1 950
-
total
1 726
-
3 472
-
Corporate
86 479
97 000
-
-
income
8 648
9 700
-
-
total
8 648
9 700
-
-
Dividends
77 831
87 300
-
-
withholding
3 891
4 365
-
-
total
3 891
4 365
-
-
Income
97 000
97 000
97 000
97 000
Total tax
16 418
14 065
15 388
19 275
After tax
80 582
82 935
81 612
77 725
Living cost
6 642
6 642
6 642
6 642
Free-cash
73 940
76 293
74 970
71 083

Estimated living cost  is ₴6642 per week

₴3878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴474
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.
₴2114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33012
₴19783
₴24722
₴21069
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
health
-
-
-
6 304
income
-
-
-
31 639
pensions
-
-
-
5 989
total
-
-
-
43 932
Employee
47 393
43 653
87 500
-
income

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

7 145
7 145
13 849
-
pensions
5 989
5 989
5 989
-
health
5 913
5 699
6 304
-
total
19 047
18 833
26 142
-
Employer
47 393
43 653
87 500
-
unemployment
1 706
1 572
1 953
-
health
3 293
3 034
3 771
-
pensions
3 298
3 038
3 776
-
total
8 297
7 644
9 500
-
Corporate
41 309
45 703
-
-
income
8 262
9 141
-
-
total
8 262
9 141
-
-
Dividends
33 047
36 562
-
-
income
7 022
7 769
-
-
withholding
4 957
5 484
-
-
total
11 979
13 253
-
-
Income
97 000
97 000
97 000
97 000
Total tax
47 585
48 871
35 642
43 932
After tax
49 415
48 129
61 358
53 068
Living cost
28 346
28 346
28 346
28 346
Free-cash
21 069
19 783
33 012
24 722

Estimated living cost  is ₴28346 per week

₴20910
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2532
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39017
₴54227
₴43125
₴49747
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
social contributions
-
-
-
18 070
health
-
-
-
13 095
income
-
-
-
9 875
solidarity contribution
-
-
-
277
total
-
-
-
41 317
Employee
18 467
-
74 797
-
social contributions
1 200
-
4 022
-
solidarity contribution
-
-
-
-
income
2 216
-
9 102
-
health
2 493
-
10 098
-
total
5 909
-
23 222
-
Employer
18 467
-
74 797
-
health
1 662
-
6 732
-
social contributions
4 617
-
15 471
-
total
6 279
-
22 203
-
Corporate
72 254
97 000
-
-
income
13 728
18 430
-
-
total
13 728
18 430
-
-
Dividends
58 525
78 570
-
-
withholding
8 779
11 785
-
-
total
8 779
11 785
-
-
Income
97 000
97 000
97 000
97 000
Total tax
34 695
30 215
45 425
41 317
After tax
62 305
66 785
51 575
55 683
Living cost
12 558
12 558
12 558
12 558
Free-cash
49 747
54 227
39 017
43 125

Estimated living cost  is ₴12558 per week

₴8723
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴893
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.
₴2695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20000
₴30183
₴24383
₴27514
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
social contributions
-
-
-
24 948
national
-
-
-
24 371
regional
-
-
-
1 152
municipal
-
-
-
576
total
-
-
-
51 047
Employee
45 431
-
97 000
-
social contributions
15 319
-
32 709
-
municipal
241
-
514
-
national
7 872
-
21 189
-
regional
429
-
1 018
-
total
23 861
-
55 430
-
Employer
45 431
-
97 000
-
total
-
-
-
-
Corporate
51 569
97 000
-
-
nationa
12 376
23 280
-
-
municipal
2 011
3 783
-
-
total
14 387
27 063
-
-
Dividends
37 182
69 937
-
-
withholding
9 668
18 184
-
-
total
9 668
18 184
-
-
Income
97 000
97 000
97 000
97 000
Total tax
47 916
45 247
55 430
51 047
After tax
49 084
51 753
41 570
45 953
Living cost
21 570
21 570
21 570
21 570
Free-cash
27 514
30 183
20 000
24 383

Estimated living cost  is ₴21570 per week

₴15036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31407
₴49733
₴34530
₴48142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
other
-
-
-
-
health
-
-
-
4 844
income
-
-
-
28 099
pensions
-
-
-
13 645
surtax
-
-
-
4 486
unemployment
-
-
-
116
total
-
-
-
51 190
Employee
16 905
-
82 639
-
surtax
55
-
3 874
-
income
2 834
-
25 041
-
other
-
-
-
-
pensions
1 127
-
4 551
-
health
432
-
1 739
-
unemployment
1 177
-
4 748
-
total
5 625
-
39 953
-
Employer
16 905
-
82 639
-
other
-
-
-
-
unemployment
535
-
2 162
-
health
769
-
3 104
-
pensions
2 253
-
9 094
-
total
3 557
-
14 360
-
Corporate
76 537
97 000
-
-
income
19 900
25 220
-
-
total
19 900
25 220
-
-
Dividends
56 637
71 780
-
-
withholding
8 496
10 767
-
-
total
8 496
10 767
-
-
Income
97 000
97 000
97 000
97 000
Total tax
37 578
35 987
54 313
51 190
After tax
59 422
61 013
42 687
45 810
Living cost
11 280
11 280
11 280
11 280
Free-cash
48 142
49 733
31 407
34 530

Estimated living cost  is ₴11280 per week

₴6897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1041
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31797
₴39465
₴40536
₴42823
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
28 514
pensions
-
-
-
4 723
total
-
-
-
33 237
Employee
32 238
-
84 666
-
income
5 806
-
22 688
-
health
468
-
1 198
-
pensions
2 736
-
5 755
-
total
9 010
-
29 641
-
Employer
32 238
-
84 666
-
health
612
-
1 609
-
pensions
3 490
-
10 726
-
total
4 102
-
12 335
-
Corporate
60 660
97 000
-
-
income

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

11 525
18 429
-
-
total
11 525
18 429
-
-
Dividends
49 135
78 571
-
-
withholding
6 313
15 879
-
-
total
6 313
15 879
-
-
Income
97 000
97 000
97 000
97 000
Total tax
30 950
34 308
41 976
33 237
After tax
66 050
62 692
55 024
63 763
Living cost
23 227
23 227
23 227
23 227
Free-cash
42 823
39 465
31 797
40 536

Estimated living cost  is ₴23227 per week

₴17402
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1741
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.
₴3841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴32748
₴3208
₴37140
₴20814
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
other

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

-
-
-
1 940
health
-
-
-
219
pensions
-
-
-
8 924
city
-
-
-
1 022
national
-
-
-
1 733
regional
-
-
-
4 875
total
-
-
-
18 713
Employee
48 153
-
86 821
-
national
228
-
1 263
-
city
517
-
933
-
pensions
4 045
-
7 292
-
health
109
-
196
-
regional
1 577
-
4 197
-
unemployment
-
-
-
-
total
6 476
-
13 881
-
Employer
48 153
-
86 821
-
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.

963
-
1 736
-
unemployment
-
-
-
-
health
109
-
196
-
pensions
4 045
-
7 292
-
total
5 117
-
9 224
-
Corporate
43 201
97 000
-
-
regional
9 137
20 516
-
-
national
3 672
8 245
-
-
total
12 809
28 761
-
-
Dividends
30 391
68 239
-
-
withholding
10 637
23 884
-
-
total
10 637
23 884
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 039
52 645
23 105
18 713
After tax
61 961
44 355
73 895
78 287
Living cost
41 147
41 147
41 147
41 147
Free-cash
20 814
3 208
32 748
37 140

Estimated living cost  is ₴41147 per week

₴26757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴505
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴37643
₴24497
₴25083
₴32785
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 000
health

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

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

-
-
-
3 492
income

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

-
-
-
30 755
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.

-
-
-
1 692
trade
-
-
-
12 560
total
-
-
-
48 499
Employee

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

30 721
-
97 000
-
surtax

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

199
-
1 692
-
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.

3 613
-
30 755
-
health

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

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

3 492
-
3 492
-
total
7 304
-
35 939
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
66 279
97 000
-
-
chamber of commerce
171
214
-
-
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.

547
800
-
-
trade
11 366
16 636
-
-
income
9 942
14 550
-
-
total
22 026
32 200
-
-
Dividends
44 252
64 799
-
-
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.

598
880
-
-
withholding
10 869
16 005
-
-
total
11 467
16 885
-
-
Income
97 000
97 000
97 000
97 000
Total tax
40 797
49 085
35 939
48 499
After tax
56 203
47 915
61 061
48 501
Living cost
23 418
23 418
23 418
23 418
Free-cash
32 785
24 497
37 643
25 083

Estimated living cost  is ₴23418 per week

₴17103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4137
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35022
₴31399
₴37061
₴34418
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
other
-
-
-
3 007
social contributions
-
-
-
2 764
health
-
-
-
4 319
income
-
-
-
15 727
pensions
-
-
-
16 633
surtax
-
-
-
-
total
-
-
-
42 450
Employee
21 878
-
74 775
-
surtax
-
-
-
-
social contributions
624
-
2 131
-
income
1 291
-
14 808
-
pensions
2 474
-
5 323
-
total
4 389
-
22 262
-
Employer
21 878
-
74 775
-
other
755
-
2 970
-
unemployment
886
-
3 029
-
health
1 532
-
7 065
-
pensions
3 594
-
8 939
-
social contributions
66
-
224
-
total
6 833
-
22 227
-
Corporate
68 290
97 000
-
-
surtax
-
-
-
-
income
19 121
27 160
-
-
total
19 121
27 160
-
-
Dividends
49 169
69 840
-
-
social contributions
8 456
12 013
-
-
surtax
-
-
-
-
withholding
6 294
8 939
-
-
total
14 750
20 952
-
-
Income
97 000
97 000
97 000
97 000
Total tax
45 093
48 112
44 489
42 450
After tax
51 907
48 888
52 511
54 550
Living cost
17 489
17 489
17 489
17 489
Free-cash
34 418
31 399
35 022
37 061

Estimated living cost  is ₴17489 per week

₴11028
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4743
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36754
₴33131
₴38793
₴35970
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
other
-
-
-
3 007
social contributions
-
-
-
2 764
health
-
-
-
4 319
income
-
-
-
15 727
pensions
-
-
-
16 633
surtax
-
-
-
-
total
-
-
-
42 450
Employee
19 529
-
74 775
-
surtax
-
-
-
-
social contributions
557
-
2 131
-
income
1 007
-
14 808
-
pensions
2 209
-
5 323
-
total
3 773
-
22 262
-
Employer
19 529
-
74 775
-
other
674
-
2 970
-
unemployment
791
-
3 029
-
health
1 367
-
7 065
-
pensions
3 209
-
8 939
-
social contributions
58
-
224
-
total
6 099
-
22 227
-
Corporate
71 372
97 000
-
-
surtax
-
-
-
-
income
19 984
27 160
-
-
total
19 984
27 160
-
-
Dividends
51 388
69 840
-
-
social contributions
8 839
12 013
-
-
surtax
-
-
-
-
withholding
6 578
8 939
-
-
total
15 417
20 952
-
-
Income
97 000
97 000
97 000
97 000
Total tax
45 273
48 112
44 489
42 450
After tax
51 727
48 888
52 511
54 550
Living cost
15 757
15 757
15 757
15 757
Free-cash
35 970
33 131
36 754
38 793

Estimated living cost  is ₴15757 per week

₴9138
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1601
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49249
₴48338
₴51454
₴48603
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
social contributions
-
-
-
13 386
health
-
-
-
6 770
income
-
-
-
14 550
total
-
-
-
34 706
Employee
17 332
-
97 000
-
social contributions
2 392
-
13 386
-
income
2 891
-
16 755
-
health
1 210
-
6 770
-
total
6 493
-
36 911
-
Employer
17 332
-
97 000
-
total
-
-
-
-
Corporate
79 668
97 000
-
-
income

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

3 983
4 850
-
-
total
3 983
4 850
-
-
Dividends
75 685
92 150
-
-
social contributions
10 445
12 717
-
-
withholding
11 353
13 823
-
-
health
5 283
6 432
-
-
total
27 081
32 972
-
-
Income
97 000
97 000
97 000
97 000
Total tax
37 557
37 822
36 911
34 706
After tax
59 443
59 178
60 089
62 294
Living cost
10 840
10 840
10 840
10 840
Free-cash
48 603
48 338
49 249
51 454

Estimated living cost  is ₴10840 per week

₴7254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴668
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.
₴2667
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7608
₴35592
₴31792
₴34802
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
health
-
-
-
4 568
income
-
-
-
27 956
chamber of commerce
-
-
-
388
pensions
-
-
-
11 048
surtax
-
-
-
101
unemployment
-
-
-
3 135
total
-
-
-
47 196
Employee
25 547
20 371
78 352
-
income
2 908
1 503
22 814
-
other
255
204
598
-
pensions
2 616
2 086
6 115
-
health
989
789
2 311
-
unemployment
766
611
1 792
-
total
7 534
5 193
33 630
-
Employer
25 547
20 371
78 352
-
other
1 214
967
3 563
-
unemployment
766
611
1 792
-
health
965
770
2 257
-
surtax
101
101
101
-
accident
332
265
776
-
pensions
3 206
2 557
7 495
-
payroll
766
611
2 350
-
chamber of commerce
102
81
313
-
total
7 452
5 963
18 647
-
Corporate
64 001
70 665
76 412
-
income

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

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

16 000
17 666
19 103
-
total
16 000
17 666
19 103
-
Dividends
48 001
52 999
-
-
withholding
13 200
14 574
-
-
total
13 200
14 574
-
-
Income
97 000
97 000
97 000
97 000
Total tax
44 186
43 396
71 380
47 196
After tax
52 814
53 604
25 620
49 804
Living cost
18 012
18 012
18 012
18 012
Free-cash
34 802
35 592
7 608
31 792

Estimated living cost  is ₴18012 per week

₴12013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1537
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15123
₴35596
₴23461
₴27930
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
social contributions
-
-
-
12 745
communal

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

-
-
-
5 055
national
-
-
-
37 101
total
-
-
-
54 901
Employee

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

36 565
-
75 131
-
national
11 242
-
27 630
-
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.

2 742
-
5 635
-
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.

1 718
-
3 531
-
communal

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

1 907
-
3 919
-
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.

318
-
654
-
total
17 927
-
41 369
-
Employer

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

36 565
-
75 131
-
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.

534
-
1 097
-
health

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

2 249
-
4 620
-
surtax
4 146
-
8 519
-
accident

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

475
-
976
-
pensions

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

3 240
-
6 657
-
total
10 644
-
21 869
-
Corporate
49 791
97 000
-
-
surtax
199
388
-
-
income
9 958
19 400
-
-
total
10 157
19 788
-
-
Dividends
39 634
77 212
-
-
withholding

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

11 704
22 977
-
-
total
11 704
22 977
-
-
Income
97 000
97 000
97 000
97 000
Total tax
50 432
42 765
63 238
54 901
After tax
46 568
54 235
33 762
42 099
Living cost
18 638
18 638
18 638
18 638
Free-cash
27 930
35 596
15 123
23 461

Estimated living cost  is ₴18638 per week

₴12006
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴33752
₴46112
₴35897
₴42610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
other
-
-
-
48
accident
-
-
-
427
income
-
-
-
28 427
pensions
-
-
-
13 408
unemployment
-
-
-
332
total
-
-
-
42 642
Employee
25 446
-
81 895
-
income
5 369
-
26 673
-
other
25
-
48
-
pensions
1 196
-
2 227
-
unemployment
395
-
734
-
total
6 985
-
29 682
-
Employer
25 446
-
81 895
-
other
203
-
379
-
unemployment
1 400
-
2 606
-
accident
503
-
938
-
pensions
6 005
-
11 182
-
total
8 111
-
15 105
-
Corporate
63 444
97 000
-
-
income

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

9 516
14 550
-
-
total
9 516
14 550
-
-
Dividends
53 927
82 450
-
-
withholding
11 317
17 877
-
-
total
11 317
17 877
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 929
32 427
44 787
42 642
After tax
61 071
64 573
52 213
54 358
Living cost
18 461
18 461
18 461
18 461
Free-cash
42 610
46 112
33 752
35 897

Estimated living cost  is ₴18461 per week

₴13595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1310
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23268
₴28461
₴19398
₴21700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
health
-
-
-
6 815
accident
-
-
-
818
income
-
-
-
16 710
pensions
-
-
-
14 539
communal
-
-
-
6 131
surtax
-
-
-
4 809
total
-
-
-
49 822
Employee
38 712
-
86 645
-
surtax
2 373
-
5 310
-
income
3 739
-
19 503
-
pensions
3 096
-
6 931
-
health
1 723
-
3 855
-
total
10 931
-
35 599
-
Employer
38 712
-
86 645
-
health
1 181
-
2 642
-
accident
348
-
780
-
pensions
3 096
-
6 931
-
total
4 625
-
10 353
-
Corporate
53 663
97 000
-
-
surtax
564
1 019
-
-
income
8 050
14 550
-
-
communal
3 622
6 548
-
-
total
12 236
22 117
-
-
Dividends
41 428
74 883
-
-
income
13 514
7 410
-
-
withholding
6 214
11 232
-
-
total
19 728
18 642
-
-
Income
97 000
97 000
97 000
97 000
Total tax
47 520
40 759
45 952
49 822
After tax
49 480
56 241
51 048
47 178
Living cost
27 780
27 780
27 780
27 780
Free-cash
21 700
28 461
23 268
19 398

Estimated living cost  is ₴27780 per week

₴20839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1683
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4963
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31205
₴49531
₴34328
₴47905
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
other
-
-
-
-
health
-
-
-
4 844
income
-
-
-
28 099
pensions
-
-
-
13 645
surtax
-
-
-
4 486
unemployment
-
-
-
116
total
-
-
-
51 190
Employee
17 215
-
82 639
-
surtax
61
-
3 874
-
income
2 886
-
25 041
-
other
-
-
-
-
pensions
1 149
-
4 551
-
health
439
-
1 739
-
unemployment
1 198
-
4 748
-
total
5 733
-
39 953
-
Employer
17 215
-
82 639
-
other
-
-
-
-
unemployment
546
-
2 162
-
health
783
-
3 104
-
pensions
2 295
-
9 094
-
total
3 624
-
14 360
-
Corporate
76 161
97 000
-
-
income
19 802
25 220
-
-
total
19 802
25 220
-
-
Dividends
56 359
71 780
-
-
withholding
8 454
10 767
-
-
total
8 454
10 767
-
-
Income
97 000
97 000
97 000
97 000
Total tax
37 613
35 987
54 313
51 190
After tax
59 387
61 013
42 687
45 810
Living cost
11 482
11 482
11 482
11 482
Free-cash
47 905
49 531
31 205
34 328

Estimated living cost  is ₴11482 per week

₴6932
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴998
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3286
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27513
₴37216
₴31873
₴36080
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
social contributions
-
-
-
24 948
national
-
-
-
24 371
regional
-
-
-
1 462
municipal
-
-
-
576
total
-
-
-
51 357
Employee
28 356
-
97 000
-
social contributions
9 562
-
32 709
-
municipal
150
-
514
-
national
4 492
-
21 189
-
regional
382
-
1 305
-
total
14 586
-
55 717
-
Employer
28 356
-
97 000
-
total
-
-
-
-
Corporate
68 644
97 000
-
-
nationa
16 475
23 280
-
-
municipal
3 412
4 821
-
-
total
19 887
28 101
-
-
Dividends
48 757
68 899
-
-
withholding
12 677
17 913
-
-
total
12 677
17 913
-
-
Income
97 000
97 000
97 000
97 000
Total tax
47 150
46 014
55 717
51 357
After tax
49 850
50 986
41 283
45 643
Living cost
13 770
13 770
13 770
13 770
Free-cash
36 080
37 216
27 513
31 873

Estimated living cost  is ₴13770 per week

₴8564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1395
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴36100
₴51310
₴40208
₴45790
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
social contributions
-
-
-
18 070
health
-
-
-
13 095
income
-
-
-
9 875
solidarity contribution
-
-
-
277
total
-
-
-
41 317
Employee
22 757
-
74 797
-
social contributions
1 479
-
4 022
-
solidarity contribution
-
-
-
-
income
2 731
-
9 102
-
health
3 072
-
10 098
-
total
7 282
-
23 222
-
Employer
22 757
-
74 797
-
health
2 048
-
6 732
-
social contributions
5 689
-
15 471
-
total
7 737
-
22 203
-
Corporate
66 506
97 000
-
-
income
12 636
18 430
-
-
total
12 636
18 430
-
-
Dividends
53 870
78 570
-
-
withholding
8 080
11 785
-
-
total
8 080
11 785
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 735
30 215
45 425
41 317
After tax
61 265
66 785
51 575
55 683
Living cost
15 475
15 475
15 475
15 475
Free-cash
45 790
51 310
36 100
40 208

Estimated living cost  is ₴15475 per week

₴11508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴857
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9336
₴37349
₴33596
₴37099
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
health
-
-
-
4 568
income
-
-
-
27 956
chamber of commerce
-
-
-
388
pensions
-
-
-
11 048
surtax
-
-
-
-
unemployment
-
-
-
3 135
total
-
-
-
47 095
Employee
22 345
20 371
78 446
-
income
1 991
1 503
22 859
-
other
223
204
598
-
pensions
2 288
2 086
6 115
-
health
864
789
2 311
-
unemployment
670
611
1 792
-
total
6 036
5 193
33 675
-
Employer
22 345
20 371
78 446
-
other
1 061
967
3 567
-
unemployment
670
611
1 792
-
health
845
770
2 257
-
surtax
-
-
-
-
accident
290
265
776
-
pensions
2 804
2 557
7 495
-
payroll
670
611
2 353
-
chamber of commerce
89
81
313
-
total
6 429
5 862
18 553
-
Corporate
68 224
70 765
76 506
-
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.

17 056
17 691
19 127
-
total
17 056
17 691
19 127
-
Dividends
51 168
53 074
-
-
withholding
14 071
14 596
-
-
total
14 071
14 596
-
-
Income
97 000
97 000
97 000
97 000
Total tax
43 592
43 342
71 355
47 095
After tax
53 408
53 658
25 645
49 905
Living cost
16 309
16 309
16 309
16 309
Free-cash
37 099
37 349
9 336
33 596

Estimated living cost  is ₴16309 per week

₴9783
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1666
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4569
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴70954
₴85504
₴89384
₴84257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
97 000
microenterprise

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

-
-
-
970
total
-
-
-
970
Employee
8 308
-
97 000
-
income
1 662
-
19 400
-
total
1 662
-
19 400
-
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%.

88 692
97 000
-
-
total
-
-
-
-
Dividends
88 692
97 000
-
-
withholding
4 435
4 850
-
-
total
4 435
4 850
-
-
Income
97 000
97 000
97 000
97 000
Total tax
6 097
4 850
19 400
970
After tax
90 903
92 150
77 600
96 030
Living cost
6 646
6 646
6 646
6 646
Free-cash
84 257
85 504
70 954
89 384

Estimated living cost  is ₴6646 per week

₴4497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴279
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.
₴1647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30741
₴53074
₴33222
₴48797
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 000
health
-
-
-
9 545
income
-
-
-
22 662
pensions
-
-
-
17 714
unemployment
-
-
-
146
total
-
-
-
50 067
Employee

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

22 605
-
83 931
-
income
3 898
-
20 929
-
pensions
3 504
-
13 010
-
health
1 460
-
5 423
-
unemployment
32
-
117
-
total
8 894
-
39 479
-
Employer

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

22 605
-
83 931
-
unemployment
14
-
50
-
health
1 506
-
5 591
-
pensions
2 000
-
7 428
-
total
3 520
-
13 069
-
Corporate
70 876
97 000
-
-
income
13 467
18 430
-
-
total
13 467
18 430
-
-
Dividends
57 409
78 570
-
-
withholding
8 611
11 785
-
-
total
8 611
11 785
-
-
Income
97 000
97 000
97 000
97 000
Total tax
34 492
30 215
52 548
50 067
After tax
62 508
66 785
44 452
46 933
Living cost
13 711
13 711
13 711
13 711
Free-cash
48 797
53 074
30 741
33 222

Estimated living cost  is ₴13711 per week

₴9410
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66783
₴35858
₴43878
₴10330
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
social contributions
-
-
-
11 058
income
-
-
-
18 907
total
-
-
-
29 965
Employee
33 204
-
-
-
social contributions
2 723
-
388
-
income
7 324
-
-
-
total
10 047
-
388
-
Employer
33 204
-
-
-
social contributions
46 818
-
6 672
-
total
46 818
-
6 672
-
Corporate
16 977
97 000
-
-
income
3 735
21 340
-
-
total
3 735
21 340
-
-
Dividends
13 242
75 660
-
-
income
2 913
16 645
-
-
total
2 913
16 645
-
-
Income
97 000
97 000
97 000
97 000
Total tax
63 513
37 985
7 060
29 965
After tax
33 487
59 015
89 940
67 035
Living cost
23 157
23 157
23 157
23 157
Free-cash
10 330
35 858
66 783
43 878

Estimated living cost  is ₴23157 per week

₴15025
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2178
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28114
₴39139
₴35468
₴38625
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 000
social contributions

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

-
-
-
33 707
income
-
-
-
11 791
surtax
-
-
-
-
total
-
-
-
45 498
Employee
23 511
-
78 383
-
surtax
-
-
-
-
social contributions
2 586
-
8 622
-
income
4 890
-
25 614
-
total
7 476
-
34 236
-
Employer
23 511
-
78 383
-
social contributions
5 584
-
18 616
-
total
5 584
-
18 616
-
Corporate
67 906
97 000
-
-
surtax
-
-
-
-
income
14 260
20 370
-
-
total
14 260
20 370
-
-
Dividends
53 646
76 630
-
-
withholding
15 021
21 457
-
-
total
15 021
21 457
-
-
Income
97 000
97 000
97 000
97 000
Total tax
42 341
41 827
52 852
45 498
After tax
54 659
55 173
44 148
51 502
Living cost
16 034
16 034
16 034
16 034
Free-cash
38 625
39 139
28 114
35 468

Estimated living cost  is ₴16034 per week

₴11997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴946
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27821
₴24198
₴29860
₴27710
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
other
-
-
-
3 007
social contributions
-
-
-
2 764
health
-
-
-
4 319
income
-
-
-
15 727
pensions
-
-
-
16 633
surtax
-
-
-
-
total
-
-
-
42 450
Employee
32 017
-
74 775
-
surtax
-
-
-
-
social contributions
912
-
2 131
-
income
2 794
-
14 808
-
pensions
3 621
-
5 323
-
total
7 327
-
22 262
-
Employer
32 017
-
74 775
-
other
1 105
-
2 970
-
unemployment
1 297
-
3 029
-
health
2 241
-
7 065
-
pensions
5 261
-
8 939
-
social contributions
96
-
224
-
total
10 000
-
22 227
-
Corporate
54 984
97 000
-
-
surtax
-
-
-
-
income
15 395
27 160
-
-
total
15 395
27 160
-
-
Dividends
39 589
69 840
-
-
social contributions
6 810
12 013
-
-
surtax
-
-
-
-
withholding
5 068
8 939
-
-
total
11 878
20 952
-
-
Income
97 000
97 000
97 000
97 000
Total tax
44 600
48 112
44 489
42 450
After tax
52 400
48 888
52 511
54 550
Living cost
24 690
24 690
24 690
24 690
Free-cash
27 710
24 198
27 821
29 860

Estimated living cost  is ₴24690 per week

₴16709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2020
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5622
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58410
₴71934
₴55833
₴70217
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
4 461
social contributions
-
-
-
21 340
total
-
-
-
25 801
Employee
16 434
-
83 983
-
income
-
-
4 748
-
social contributions
1 068
-
5 459
-
total
1 068
-
10 207
-
Employer
16 434
-
83 983
-
social contributions
2 547
-
13 017
-
total
2 547
-
13 017
-
Corporate
78 019
97 000
-
-
income
7 802
9 700
-
-
total
7 802
9 700
-
-
Dividends
70 216
87 300
-
-
total
-
-
-
-
Income
97 000
97 000
97 000
97 000
Total tax
11 417
9 700
23 224
25 801
After tax
85 583
87 300
73 776
71 199
Living cost
15 366
15 366
15 366
15 366
Free-cash
70 217
71 934
58 410
55 833

Estimated living cost  is ₴15366 per week

₴9935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1158
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3983
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13853
-₴13853
₴32279
-₴13853
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
labour market
-
-
-
7 725
pensions
-
-
-
441
national
-
-
-
11 627
municipal
-
-
-
20 425
total
-
-
-
40 218
Employee
103 420
103 420
103 420
-
labour market
8 262
8 262
8 262
-
municipal
22 023
22 023
22 023
-
national
12 635
12 635
12 635
-
pensions
147
147
147
-
total
43 067
43 067
43 067
-
Employer
103 420
103 420
103 420
-
national
12 657
12 657
12 657
-
labour market
8 274
8 274
8 274
-
pensions
294
294
294
-
municipal
22 058
22 058
22 058
-
total
43 283
43 283
43 283
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
97 000
97 000
97 000
97 000
Total tax
86 350
86 350
86 350
40 218
After tax
10 650
10 650
10 650
56 782
Living cost
24 503
24 503
24 503
24 503
Free-cash
-13 853
-13 853
-13 853
32 279

Estimated living cost  is ₴24503 per week

₴16770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2168
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴377
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5188
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41826
-₴3244
₴55184
₴6153
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
other
-
-
-
190
health
-
-
-
1 117
accident
-
-
-
129
income
-
-
-
27 148
pensions
-
-
-
2 131
total
-
-
-
30 715
Employee
17 463
-
87 742
-
income
2 396
-
20 862
-
pensions
1 966
-
3 907
-
health
2 000
-
10 047
-
total
6 362
-
34 816
-
Employer
17 463
-
87 742
-
unemployment
428
-
2 150
-
accident
292
-
1 465
-
pensions
2 839
-
5 642
-
total
3 559
-
9 257
-
Corporate
75 978
97 000
-
-
income

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

68 381
87 300
-
-
total
68 381
87 300
-
-
Dividends
7 598
9 700
-
-
withholding
1 444
1 843
-
-
total
1 444
1 843
-
-
Income
97 000
97 000
97 000
97 000
Total tax
79 746
89 143
44 073
30 715
After tax
17 254
7 857
52 927
66 285
Living cost
11 101
11 101
11 101
11 101
Free-cash
6 153
-3 244
41 826
55 184

Estimated living cost  is ₴11101 per week

₴8080
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴633
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30816
₴40724
₴41928
₴42176
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
97 000
health
-
-
-
1 280
national
-
-
-
16 937
municipal
-
-
-
17 229
total
-
-
-
35 446
Employee
26 895
-
81 601
-
municipal
4 405
-
13 289
-
national
444
-
10 095
-
pensions
1 815
-
5 508
-
health
201
-
1 043
-
unemployment
404
-
1 224
-
total
7 269
-
31 159
-
Employer
26 895
-
81 601
-
unemployment
175
-
531
-
health
207
-
629
-
accident
27
-
81
-
pensions
4 666
-
14 158
-
total
5 075
-
15 399
-
Corporate
65 031
97 000
-
-
income
13 006
19 400
-
-
total
13 006
19 400
-
-
Dividends

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

39 019
58 200
-
-
national
2 825
6 774
-
-
municipal
7 023
10 476
-
-
total
9 848
17 250
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 198
36 650
46 558
35 446
After tax
61 802
60 350
50 442
61 554
Living cost
19 626
19 626
19 626
19 626
Free-cash
42 176
40 724
30 816
41 928

Estimated living cost  is ₴19626 per week

₴12819
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53283
₴58904
₴54115
₴56122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
social contributions
-
-
-
8 271
health
-
-
-
2 474
income
-
-
-
20 305
total
-
-
-
31 050
Employee
39 308
39 308
90 918
-
social contributions
1 486
3 262
4 400
-
income
4 280
3 639
19 855
-
health
305
668
1 545
-
total
6 071
7 569
25 800
-
Employer
39 308
39 308
90 918
-
health
331
728
1 682
-
social contributions
1 486
3 262
4 400
-
total
1 817
3 990
6 082
-
Corporate
77 277
53 702
-
-
income
9 660
6 713
-
-
total
9 660
6 713
-
-
Dividends
67 617
46 989
-
-
withholding
11 495
7 989
-
-
total
11 495
7 989
-
-
Income
97 000
97 000
97 000
97 000
Total tax
29 043
26 261
31 882
31 050
After tax
67 957
70 739
65 118
65 950
Living cost
11 835
11 835
11 835
11 835
Free-cash
56 122
58 904
53 283
54 115

Estimated living cost  is ₴11835 per week

₴7093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3320
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴63586
₴72210
₴73840
₴69609
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
97 000
health
-
-
-
1 850
income
-
-
-
9 927
pensions
-
-
-
3 252
unemployment
-
-
-
15
total
-
-
-
15 044
Employee

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

11 733
-
92 004
-
income
802
-
8 659
-
pensions
1 760
-
7 276
-
health
997
-
4 123
-
unemployment
58
-
243
-
total
3 617
-
20 301
-
Employer

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

11 733
-
92 004
-
unemployment
58
-
243
-
health
504
-
2 086
-
pensions
645
-
2 668
-
total
1 207
-
4 997
-
Corporate
84 059
97 000
-
-
income
7 566
8 730
-
-
total
7 566
8 730
-
-
Dividends
76 493
88 270
-
-
withholding
6 885
7 944
-
-
total
6 885
7 944
-
-
Income
97 000
97 000
97 000
97 000
Total tax
19 275
16 674
25 298
15 044
After tax
77 725
80 326
71 702
81 956
Living cost
8 116
8 116
8 116
8 116
Free-cash
69 609
72 210
63 586
73 840

Estimated living cost  is ₴8116 per week

₴5178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴585
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38156
₴50516
₴40301
₴48260
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
other
-
-
-
48
accident
-
-
-
427
income
-
-
-
28 427
pensions
-
-
-
13 408
unemployment
-
-
-
332
total
-
-
-
42 642
Employee
18 902
-
81 895
-
income
3 644
-
26 673
-
other
18
-
48
-
pensions
889
-
2 227
-
unemployment
293
-
734
-
total
4 844
-
29 682
-
Employer
18 902
-
81 895
-
other
151
-
379
-
unemployment
1 040
-
2 606
-
accident
374
-
938
-
pensions
4 460
-
11 182
-
total
6 025
-
15 105
-
Corporate
72 072
97 000
-
-
income

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

10 810
14 550
-
-
total
10 810
14 550
-
-
Dividends
61 262
82 450
-
-
withholding
13 004
17 877
-
-
total
13 004
17 877
-
-
Income
97 000
97 000
97 000
97 000
Total tax
34 683
32 427
44 787
42 642
After tax
62 317
64 573
52 213
54 358
Living cost
14 057
14 057
14 057
14 057
Free-cash
48 260
50 516
38 156
40 301

Estimated living cost  is ₴14057 per week

₴9488
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2971
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61479
₴59581
₴61546
₴59426
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
health
-
-
-
501
income
-
-
-
33 315
pensions
-
-
-
691
total
-
-
-
34 507
Employee
1 442
-
96 223
-
income
279
-
33 278
-
pensions
130
-
311
-
health
72
-
173
-
unemployment
14
-
35
-
total
495
-
33 797
-
Employer
1 442
-
96 223
-
unemployment
29
-
69
-
health
137
-
328
-
pensions
159
-
380
-
total
325
-
777
-
Corporate
95 233
97 000
-
-
income
20 951
21 340
-
-
total
20 951
21 340
-
-
Dividends
74 282
75 660
-
-
withholding
14 856
15 132
-
-
total
14 856
15 132
-
-
Income
97 000
97 000
97 000
97 000
Total tax
36 627
36 472
34 574
34 507
After tax
60 373
60 528
62 426
62 493
Living cost
947
947
947
947
Free-cash
59 426
59 581
61 479
61 546

Estimated living cost  is ₴947 per week

₴563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴286
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51804
₴61260
₴51805
₴58749
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 000
health
-
-
-
3 884
income
-
-
-
22 119
pensions
-
-
-
9 803
unemployment
-
-
-
566
total
-
-
-
36 372
Employee

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

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

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

13 305
-
90 251
-
income
1 834
-
22 119
-
pensions
1 863
-
5 279
-
health
685
-
1 942
-
unemployment
100
-
283
-
total
4 482
-
29 623
-
Employer

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

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

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

13 305
-
90 251
-
unemployment
100
-
283
-
health
685
-
1 942
-
pensions
1 597
-
4 525
-
total
2 382
-
6 750
-
Corporate
81 313
97 000
-
-
income
12 197
14 550
-
-
total
12 197
14 550
-
-
Dividends
69 116
82 450
-
-
withholding
10 367
12 367
-
-
total
10 367
12 367
-
-
Income
97 000
97 000
97 000
97 000
Total tax
29 428
26 917
36 373
36 372
After tax
67 572
70 083
60 627
60 628
Living cost
8 823
8 823
8 823
8 823
Free-cash
58 749
61 260
51 804
51 805

Estimated living cost  is ₴8823 per week

₴5941
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1945
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30367
₴41392
₴37721
₴41207
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 000
social contributions

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

-
-
-
33 707
income
-
-
-
11 791
surtax
-
-
-
-
total
-
-
-
45 498
Employee
19 840
-
78 383
-
surtax
-
-
-
-
social contributions
2 183
-
8 622
-
income
3 877
-
25 614
-
total
6 060
-
34 236
-
Employer
19 840
-
78 383
-
social contributions
4 712
-
18 616
-
total
4 712
-
18 616
-
Corporate
72 448
97 000
-
-
surtax
-
-
-
-
income
15 214
20 370
-
-
total
15 214
20 370
-
-
Dividends
57 234
76 630
-
-
withholding
16 026
21 457
-
-
total
16 026
21 457
-
-
Income
97 000
97 000
97 000
97 000
Total tax
42 012
41 827
52 852
45 498
After tax
54 988
55 173
44 148
51 502
Living cost
13 781
13 781
13 781
13 781
Free-cash
41 207
41 392
30 367
37 721

Estimated living cost  is ₴13781 per week

₴9761
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴957
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34248
₴46608
₴36393
₴43264
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
other
-
-
-
48
accident
-
-
-
427
income
-
-
-
28 427
pensions
-
-
-
13 408
unemployment
-
-
-
332
total
-
-
-
42 642
Employee
24 688
-
81 895
-
income
5 156
-
26 673
-
other
24
-
48
-
pensions
1 160
-
2 227
-
unemployment
382
-
734
-
total
6 722
-
29 682
-
Employer
24 688
-
81 895
-
other
198
-
379
-
unemployment
1 358
-
2 606
-
accident
489
-
938
-
pensions
5 826
-
11 182
-
total
7 871
-
15 105
-
Corporate
64 441
97 000
-
-
income

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

9 666
14 550
-
-
total
9 666
14 550
-
-
Dividends
54 775
82 450
-
-
withholding
11 512
17 877
-
-
total
11 512
17 877
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 771
32 427
44 787
42 642
After tax
61 229
64 573
52 213
54 358
Living cost
17 965
17 965
17 965
17 965
Free-cash
43 264
46 608
34 248
36 393

Estimated living cost  is ₴17965 per week

₴12902
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
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.
₴3414
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴72897
₴74220
₴69010
₴71132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
health
-
-
-
2 035
income
-
-
-
14 550
pensions

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

-
-
-
2 619
unemployment
-
-
-
71
total
-
-
-
19 275
Employee
11 539
-
93 528
-
income
1 154
-
9 353
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 013
-
1 554
-
health
531
-
814
-
total
2 825
-
11 916
-
Employer
11 539
-
93 528
-
unemployment
69
-
106
-
health
796
-
1 221
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 272
-
1 950
-
total
2 264
-
3 472
-
Corporate
83 197
97 000
-
-
income
8 320
9 700
-
-
total
8 320
9 700
-
-
Dividends
74 877
87 300
-
-
withholding
3 744
4 365
-
-
total
3 744
4 365
-
-
Income
97 000
97 000
97 000
97 000
Total tax
17 153
14 065
15 388
19 275
After tax
79 847
82 935
81 612
77 725
Living cost
8 715
8 715
8 715
8 715
Free-cash
71 132
74 220
72 897
69 010

Estimated living cost  is ₴8715 per week

₴5764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2244
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41325
₴30174
₴30817
₴36862
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 000
health

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

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

-
-
-
3 492
income

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

-
-
-
30 755
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.

-
-
-
1 692
trade
-
-
-
10 509
total
-
-
-
46 448
Employee

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

25 435
-
97 000
-
surtax

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

115
-
1 692
-
income

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

2 091
-
30 755
-
health

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

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

3 492
-
3 492
-
total
5 698
-
35 939
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 565
97 000
-
-
chamber of commerce
182
220
-
-
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.

591
800
-
-
trade
10 269
13 920
-
-
income
10 735
14 550
-
-
total
21 777
29 490
-
-
Dividends
49 788
67 510
-
-
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.

674
918
-
-
withholding
12 253
16 683
-
-
total
12 927
17 601
-
-
Income
97 000
97 000
97 000
97 000
Total tax
40 402
47 091
35 939
46 448
After tax
56 598
49 909
61 061
50 552
Living cost
19 736
19 736
19 736
19 736
Free-cash
36 862
30 174
41 325
30 817

Estimated living cost  is ₴19736 per week

₴13614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2123
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.
₴3711
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21186
₴38781
₴21186
₴39910
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
30 351
social contributions
-
-
-
16 344
total
-
-
-
46 695
Employee
39 986
-
97 000
-
income
7 545
-
30 351
-
social contributions
3 322
-
16 344
-
total
10 867
-
46 695
-
Employer
39 986
-
97 000
-
total
-
-
-
-
Corporate
57 014
97 000
-
-
income
7 127
12 125
-
-
total
7 127
12 125
-
-
Dividends
49 887
84 875
-
-
withholding
9 977
16 975
-
-
total
9 977
16 975
-
-
Income
97 000
97 000
97 000
97 000
Total tax
27 971
29 100
46 695
46 695
After tax
69 029
67 900
50 305
50 305
Living cost
29 119
29 119
29 119
29 119
Free-cash
39 910
38 781
21 186
21 186

Estimated living cost  is ₴29119 per week

₴22154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2373
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.
₴4315
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49989
₴41793
₴60733
₴43579
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 000
income
-
-
-
14 551
health

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

-
-
-
3 160
total
-
-
-
17 711
Employee
23 450
-
94 649
-
income
2 544
-
23 753
-
social contributions
2 350
-
2 351
-
total
4 894
-
26 104
-
Employer
23 450
-
94 649
-
social contributions
2 350
-
2 351
-
total
2 350
-
2 351
-
Corporate
71 200
97 000
-
-
income
24 920
33 950
-
-
total
24 920
33 950
-
-
Dividends
46 280
63 050
-
-
social contributions
2 701
2 701
-
-
total
2 701
2 701
-
-
Income
97 000
97 000
97 000
97 000
Total tax
34 865
36 651
28 455
17 711
After tax
62 135
60 349
68 545
79 289
Living cost
18 556
18 556
18 556
18 556
Free-cash
43 579
41 793
49 989
60 733

Estimated living cost  is ₴18556 per week

₴12223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4586
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36141
₴43809
₴44880
₴46819
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
28 514
pensions
-
-
-
4 723
total
-
-
-
33 237
Employee
25 920
-
84 666
-
income
4 720
-
22 688
-
health
338
-
1 198
-
pensions
1 978
-
5 755
-
total
7 036
-
29 641
-
Employer
25 920
-
84 666
-
health
493
-
1 609
-
pensions
2 619
-
10 726
-
total
3 112
-
12 335
-
Corporate
67 969
97 000
-
-
income

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

12 914
18 429
-
-
total
12 914
18 429
-
-
Dividends
55 055
78 571
-
-
withholding
8 236
15 879
-
-
total
8 236
15 879
-
-
Income
97 000
97 000
97 000
97 000
Total tax
31 298
34 308
41 976
33 237
After tax
65 702
62 692
55 024
63 763
Living cost
18 883
18 883
18 883
18 883
Free-cash
46 819
43 809
36 141
44 880

Estimated living cost  is ₴18883 per week

₴12954
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴40727
-₴4343
₴54085
₴5987
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
other
-
-
-
190
health
-
-
-
1 117
accident
-
-
-
129
income
-
-
-
27 148
pensions
-
-
-
2 131
total
-
-
-
30 715
Employee
19 191
-
87 742
-
income
2 633
-
20 862
-
pensions
2 161
-
3 907
-
health
2 197
-
10 047
-
total
6 991
-
34 816
-
Employer
19 191
-
87 742
-
unemployment
470
-
2 150
-
accident
320
-
1 465
-
pensions
3 120
-
5 642
-
total
3 910
-
9 257
-
Corporate
73 898
97 000
-
-
income

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

66 508
87 300
-
-
total
66 508
87 300
-
-
Dividends
7 390
9 700
-
-
withholding
1 404
1 843
-
-
total
1 404
1 843
-
-
Income
97 000
97 000
97 000
97 000
Total tax
78 813
89 143
44 073
30 715
After tax
18 187
7 857
52 927
66 285
Living cost
12 200
12 200
12 200
12 200
Free-cash
5 987
-4 343
40 727
54 085

Estimated living cost  is ₴12200 per week

₴8954
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴711
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴62783
₴67311
₴51561
₴72343
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 000
income
-
-
-
16 100
health insurance
-
-
-
6 040
work injury
-
-
-
408
pensions
-
-
-
15 018
unemployment
-
-
-
979
total
-
-
-
38 545
Employee

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

11 030
-
97 000
-
income
1 103
-
16 100
-
work injury
55
-
204
-
health insurance
816
-
3 020
-
pensions
2 030
-
7 509
-
unemployment
132
-
490
-
total
4 136
-
27 323
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
85 970
97 000
-
-
income

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

860
9 700
-
-
total
860
9 700
-
-
Dividends
85 110
87 300
-
-
withholding
12 767
13 095
-
-
total
12 767
13 095
-
-
Income
97 000
97 000
97 000
97 000
Total tax
17 763
22 795
27 323
38 545
After tax
79 237
74 205
69 677
58 455
Living cost
6 894
6 894
6 894
6 894
Free-cash
72 343
67 311
62 783
51 561

Estimated living cost  is ₴6894 per week

₴4271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴501
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.
₴1907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20182
₴30729
₴24439
₴28404
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
social contributions
-
-
-
24 948
national
-
-
-
24 371
regional
-
-
-
2 230
municipal
-
-
-
648
total
-
-
-
52 197
Employee
43 076
-
97 000
-
social contributions
14 525
-
32 709
-
municipal
257
-
578
-
national
7 279
-
21 189
-
regional
650
-
1 978
-
total
22 711
-
56 454
-
Employer
43 076
-
97 000
-
total
-
-
-
-
Corporate
53 924
97 000
-
-
nationa
12 942
23 280
-
-
municipal
2 599
4 676
-
-
total
15 541
27 956
-
-
Dividends
38 384
69 044
-
-
withholding
9 980
17 951
-
-
total
9 980
17 951
-
-
Income
97 000
97 000
97 000
97 000
Total tax
48 232
45 907
56 454
52 197
After tax
48 768
51 093
40 546
44 803
Living cost
20 364
20 364
20 364
20 364
Free-cash
28 404
30 729
20 182
24 439

Estimated living cost  is ₴20364 per week

₴14305
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4351
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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