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
₴34193
₴33916
₴39390
₴45846
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
11 653
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.

-
-
-
3 381
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.

-
-
-
1 709
income

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

-
-
-
31 073
total
-
-
-
47 816
Employee

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

18 930
-
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.

29
-
1 709
-
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.

529
-
31 073
-
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.

3 381
-
3 381
-
total
3 939
-
36 163
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
78 070
97 000
-
-
trade
12 296
15 278
-
-
income
11 711
14 550
-
-
chamber of commerce
187
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.

644
800
-
-
total
24 838
30 842
-
-
Dividends
53 233
66 158
-
-
withholding
13 121
16 351
-
-
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.

721
900
-
-
total
13 842
17 251
-
-
Income
97 000
97 000
97 000
97 000
Total tax
42 619
48 093
36 163
47 816
After tax
54 381
48 907
60 837
49 184
Living cost
14 991
14 991
14 991
14 991
Free-cash
39 390
33 916
45 846
34 193

Estimated living cost  is ₴14991 per week

₴9429
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1748
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30445
₴34315
₴33880
₴30966
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
10 668
pensions
-
-
-
11 640
social contributions
-
-
-
1 043
national
-
-
-
16 991
total
-
-
-
40 342
Employee
40 634
-
83 856
-
municipal
5 019
-
11 044
-
national
7 777
-
17 814
-
pensions
1 625
-
3 354
-
total
14 421
-
32 212
-
Employer
40 634
-
83 856
-
pensions
3 251
-
6 708
-
social contributions
437
-
901
-
total
3 688
-
7 609
-
Corporate
49 996
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%.

9 999
19 400
-
-
total
9 999
19 400
-
-
Dividends
39 997
77 600
-
-
withholding
8 799
17 072
-
-
total
8 799
17 072
-
-
Income
97 000
97 000
97 000
97 000
Total tax
36 907
36 472
39 821
40 342
After tax
60 093
60 528
57 179
56 658
Living cost
26 213
26 213
26 213
26 213
Free-cash
33 880
34 315
30 966
30 445

Estimated living cost  is ₴26213 per week

₴17816
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24021
₴67304
₴63245
₴31122
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
24 735
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.

-
-
-
18 962
income
-
-
-
18 986
microenterprise
-
-
-
-
total
-
-
-
62 683
Employee
14 462
-
74 586
-
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.

1 591
-
6 488
-
surtax
-
-
10 815
-
income
2 574
-
15 865
-
total
4 165
-
33 168
-
Employer
14 462
-
74 586
-
surtax
-
-
8 205
-
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.

3 483
-
14 209
-
total
3 483
-
22 414
-
Corporate
79 055
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%.

15 811
19 400
-
-
total
15 811
19 400
-
-
Dividends

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

63 244
77 600
-
-
total
-
-
-
-
Income
97 000
97 000
97 000
97 000
Total tax
23 459
19 400
55 582
62 683
After tax
73 541
77 600
41 418
34 317
Living cost
10 296
10 296
10 296
10 296
Free-cash
63 245
67 304
31 122
24 021

Estimated living cost  is ₴10296 per week

₴6569
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2513
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32135
₴27437
₴24407
₴40935
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 799
health
-
-
-
6 103
income
-
-
-
32 230
total
-
-
-
44 132
Employee
42 264
42 264
87 802
-
pensions
7 607
5 799
5 799
-
income

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

6 918
6 918
14 232
-
health
6 487
5 518
6 103
-
total
21 012
18 235
26 134
-
Employer
42 264
42 264
87 802
-
pensions
2 942
2 942
3 656
-
unemployment
1 521
1 521
1 891
-
health
2 938
2 938
3 651
-
total
7 401
7 401
9 198
-
Corporate
47 854
47 336
-
-
income
9 570
9 467
-
-
total
9 570
9 467
-
-
Dividends
38 284
37 868
-
-
withholding
5 742
5 680
-
-
income
8 135
8 047
-
-
total
13 877
13 727
-
-
Income
97 000
97 000
97 000
97 000
Total tax
51 860
48 830
35 332
44 132
After tax
45 140
48 170
61 668
52 868
Living cost
20 733
20 733
20 733
20 733
Free-cash
24 407
27 437
40 935
32 135

Estimated living cost  is ₴20733 per week

₴14693
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1869
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴28994
₴32579
₴32121
₴28499
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
25 066
pensions
-
-
-
4 829
health
-
-
-
2 787
other
-
-
-
5 191
unemployment
-
-
-
45
accident
-
-
-
89
national
-
-
-
9 616
total
-
-
-
47 623
Employee
29 044
-
82 964
-
municipal
8 661
-
24 740
-
national
-
-
9 343
-
total
8 661
-
34 083
-
Employer
29 044
-
82 964
-
pensions
3 140
-
4 829
-
other
3 375
-
5 191
-
unemployment
767
-
1 179
-
accident
58
-
89
-
health
1 786
-
2 747
-
total
9 126
-
14 035
-
Corporate
58 831
97 000
-
-
income
12 943
21 340
-
-
total
12 943
21 340
-
-
Dividends
45 888
75 660
-
-
withholding
13 766
22 698
-
-
total
13 766
22 698
-
-
Income
97 000
97 000
97 000
97 000
Total tax
44 496
44 038
48 118
47 623
After tax
52 504
52 962
48 882
49 377
Living cost
20 383
20 383
20 383
20 383
Free-cash
32 121
32 579
28 499
28 994

Estimated living cost  is ₴20383 per week

₴13509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29224
₴28966
₴35920
₴41395
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
12 171
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.

-
-
-
3 381
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.

-
-
-
1 709
income

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

-
-
-
31 073
total
-
-
-
48 334
Employee

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

25 098
-
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.

118
-
1 709
-
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.

2 156
-
31 073
-
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.

3 381
-
3 381
-
total
5 655
-
36 163
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 902
97 000
-
-
trade
11 828
15 957
-
-
income
10 786
14 550
-
-
chamber of commerce
178
213
-
-
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.

594
800
-
-
total
23 386
31 520
-
-
Dividends
48 517
65 480
-
-
withholding
11 941
16 182
-
-
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.

656
890
-
-
total
12 597
17 072
-
-
Income
97 000
97 000
97 000
97 000
Total tax
41 638
48 592
36 163
48 334
After tax
55 362
48 408
60 837
48 666
Living cost
19 442
19 442
19 442
19 442
Free-cash
35 920
28 966
41 395
29 224

Estimated living cost  is ₴19442 per week

₴13003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2050
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4099
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49754
₴54676
₴52626
₴48928
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 474
social contributions
-
-
-
8 008
income
-
-
-
20 711
total
-
-
-
31 193
Employee
38 057
38 057
91 055
-
social contributions
1 849
3 159
4 260
-
income
3 996
3 523
20 266
-
health
378
647
1 548
-
total
6 223
7 329
26 074
-
Employer
38 057
38 057
91 055
-
social contributions
1 849
3 159
4 260
-
health
412
704
1 685
-
total
2 261
3 863
5 945
-
Corporate
72 462
55 081
-
-
income
9 058
6 885
-
-
total
9 058
6 885
-
-
Dividends
63 404
48 195
-
-
withholding
10 779
8 194
-
-
total
10 779
8 194
-
-
Income
97 000
97 000
97 000
97 000
Total tax
28 321
26 271
32 019
31 193
After tax
68 679
70 729
64 981
65 807
Living cost
16 053
16 053
16 053
16 053
Free-cash
52 626
54 676
48 928
49 754

Estimated living cost  is ₴16053 per week

₴10974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1254
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴58119
₴45392
₴45582
₴47154
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
9 700
health
-
-
-
6 790
unemployment
-
-
-
1 455
income
-
-
-
11 858
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.

13 104
5 215
81 172
-
pensions
1 310
522
8 117
-
unemployment
197
78
1 218
-
income
1 602
638
9 923
-
health
917
365
5 682
-
total
4 026
1 603
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.

13 104
5 215
81 172
-
pensions
2 555
1 017
15 828
-
total
2 555
1 017
15 828
-
Corporate
81 340
90 768
-
-
income
7 321
8 169
-
-
total
7 321
8 169
-
-
Dividends
74 020
82 599
-
-
withholding
14 064
15 694
-
-
social contributions
14 374
16 047
-
-
total
28 438
31 741
-
-
Income
97 000
97 000
97 000
97 000
Total tax
42 340
42 530
40 768
29 803
After tax
54 660
54 470
56 232
67 197
Living cost
9 078
9 078
9 078
9 078
Free-cash
45 582
45 392
47 154
58 119

Estimated living cost  is ₴9078 per week

₴6195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40038
₴65646
₴62571
₴43955
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
19 400
health
-
-
-
12 610
income
-
-
-
12 998
total
-
-
-
45 008
Employee
14 040
-
72 496
-
pensions
281
-
1 450
-
unemployment
224
-
1 160
-
income
1 581
-
13 977
-
total
2 086
-
16 587
-
Employer
14 040
-
72 496
-
pensions
2 808
-
14 499
-
unemployment
113
-
580
-
health
1 825
-
9 425
-
total
4 746
-
24 504
-
Corporate
78 214
97 000
-
-
income
15 643
19 400
-
-
total
15 643
19 400
-
-
Dividends
62 571
77 600
-
-
total
-
-
-
-
Income
97 000
97 000
97 000
97 000
Total tax
22 475
19 400
41 091
45 008
After tax
74 525
77 600
55 909
51 992
Living cost
11 954
11 954
11 954
11 954
Free-cash
62 571
65 646
43 955
40 038

Estimated living cost  is ₴11954 per week

₴8199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴712
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2803
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55227
-₴3195
₴6162
₴41935
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 090
health
-
-
-
1 096
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
27 222
total
-
-
-
30 721
Employee
17 385
-
87 846
-
pensions
1 958
-
3 833
-
income
2 385
-
20 968
-
health
1 991
-
10 058
-
total
6 334
-
34 859
-
Employer
17 385
-
87 846
-
pensions
2 827
-
5 535
-
unemployment
426
-
2 152
-
accident
290
-
1 467
-
total
3 543
-
9 154
-
Corporate
76 071
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.

68 464
87 300
-
-
total
68 464
87 300
-
-
Dividends
7 607
9 700
-
-
withholding
1 445
1 843
-
-
total
1 445
1 843
-
-
Income
97 000
97 000
97 000
97 000
Total tax
79 786
89 143
44 013
30 721
After tax
17 214
7 857
52 987
66 279
Living cost
11 052
11 052
11 052
11 052
Free-cash
6 162
-3 195
41 935
55 227

Estimated living cost  is ₴11052 per week

₴8100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴612
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴91982
₴88102
₴87343
₴73552
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 060
-
97 000
-
income
1 012
-
19 400
-
total
1 012
-
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%.

91 940
97 000
-
-
total
-
-
-
-
Dividends
91 940
97 000
-
-
withholding
4 597
4 850
-
-
total
4 597
4 850
-
-
Income
97 000
97 000
97 000
97 000
Total tax
5 609
4 850
19 400
970
After tax
91 391
92 150
77 600
96 030
Living cost
4 048
4 048
4 048
4 048
Free-cash
87 343
88 102
73 552
91 982

Estimated living cost  is ₴4048 per week

₴2509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42945
₴58079
₴54736
₴42111
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
18 063
health
-
-
-
3 312
other
-
-
-
3 575
income
-
-
-
15 918
total
-
-
-
40 868
Employee
17 970
-
78 012
-
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.

1 258
-
5 268
-
unemployment
179
-
752
-
income
3 094
-
15 640
-
health
252
-
1 054
-
total
4 783
-
22 714
-
Employer
17 970
-
78 012
-
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.

3 055
-
12 795
-
other
899
-
3 762
-
unemployment
179
-
752
-
accident
144
-
625
-
health
252
-
1 054
-
total
4 529
-
18 988
-
Corporate
74 501
97 000
-
-
income
15 645
20 370
-
-
total
15 645
20 370
-
-
Dividends
58 856
76 630
-
-
withholding
4 120
5 364
-
-
total
4 120
5 364
-
-
Income
97 000
97 000
97 000
97 000
Total tax
29 077
25 734
41 702
40 868
After tax
67 923
71 266
55 298
56 132
Living cost
13 187
13 187
13 187
13 187
Free-cash
54 736
58 079
42 111
42 945

Estimated living cost  is ₴13187 per week

₴9318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30685
₴29514
₴33079
₴21962
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 629
income
-
-
-
28 835
total
-
-
-
33 464
Employee
46 479
-
84 638
-
pensions
4 484
-
5 617
-
income
8 378
-
23 020
-
health
766
-
1 187
-
total
13 628
-
29 824
-
Employer
46 479
-
84 638
-
pensions
5 488
-
10 754
-
health
883
-
1 609
-
total
6 371
-
12 363
-
Corporate
44 151
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.

8 389
18 430
-
-
total
8 389
18 430
-
-
Dividends
35 762
78 570
-
-
withholding
2 682
16 205
-
-
total
2 682
16 205
-
-
Income
97 000
97 000
97 000
97 000
Total tax
31 070
34 635
42 187
33 464
After tax
65 930
62 365
54 813
63 536
Living cost
32 851
32 851
32 851
32 851
Free-cash
33 079
29 514
21 962
30 685

Estimated living cost  is ₴32851 per week

₴24616
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3860
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.
₴4109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴71345
₴76446
₴74147
₴75255
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 559
health
-
-
-
1 988
unemployment
-
-
-
69
income
-
-
-
14 550
total
-
-
-
19 166
Employee
8 592
-
93 608
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
pensions

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

754
-
1 518
-
income
859
-
9 361
-
health
395
-
795
-
total
2 103
-
11 864
-
Employer
8 592
-
93 608
-
pensions

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

947
-
1 905
-
unemployment
51
-
104
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
health
593
-
1 193
-
total
1 686
-
3 392
-
Corporate
86 722
97 000
-
-
income
8 672
9 700
-
-
total
8 672
9 700
-
-
Dividends
78 050
87 300
-
-
withholding
3 903
4 365
-
-
total
3 903
4 365
-
-
Income
97 000
97 000
97 000
97 000
Total tax
16 364
14 065
15 256
19 166
After tax
80 636
82 935
81 744
77 834
Living cost
6 489
6 489
6 489
6 489
Free-cash
74 147
76 446
75 255
71 345

Estimated living cost  is ₴6489 per week

₴3788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25424
₴20726
₴21971
₴34224
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 799
health
-
-
-
6 103
income
-
-
-
32 230
total
-
-
-
44 132
Employee
45 885
42 264
87 802
-
pensions
5 799
5 799
5 799
-
income

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

6 918
6 918
14 232
-
health
5 724
5 518
6 103
-
total
18 441
18 235
26 134
-
Employer
45 885
42 264
87 802
-
pensions
3 193
2 942
3 656
-
unemployment
1 652
1 521
1 891
-
health
3 189
2 938
3 651
-
total
8 034
7 401
9 198
-
Corporate
43 081
47 336
-
-
income
8 616
9 467
-
-
total
8 616
9 467
-
-
Dividends
34 465
37 868
-
-
withholding
5 170
5 680
-
-
income
7 324
8 047
-
-
total
12 494
13 727
-
-
Income
97 000
97 000
97 000
97 000
Total tax
47 585
48 830
35 332
44 132
After tax
49 415
48 170
61 668
52 868
Living cost
27 444
27 444
27 444
27 444
Free-cash
21 971
20 726
34 224
25 424

Estimated living cost  is ₴27444 per week

₴20244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2451
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4434
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43583
₴54484
₴50096
₴39531
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 095
social contributions
-
-
-
17 700
solidarity contribution
-
-
-
391
income
-
-
-
9 931
total
-
-
-
41 117
Employee
18 089
-
75 088
-
social contributions
1 176
-
3 940
-
income
2 171
-
9 152
-
solidarity contribution
-
-
28
-
health
2 442
-
10 137
-
total
5 789
-
23 257
-
Employer
18 089
-
75 088
-
social contributions
4 522
-
15 154
-
health
1 628
-
6 758
-
total
6 150
-
21 912
-
Corporate
72 761
97 000
-
-
income
13 825
18 430
-
-
total
13 825
18 430
-
-
Dividends
58 937
78 570
-
-
withholding
8 840
11 786
-
-
total
8 840
11 786
-
-
Income
97 000
97 000
97 000
97 000
Total tax
34 604
30 216
45 169
41 117
After tax
62 396
66 784
51 831
55 883
Living cost
12 300
12 300
12 300
12 300
Free-cash
50 096
54 484
39 531
43 583

Estimated living cost  is ₴12300 per week

₴8544
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2639
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24966
₴30869
₴28285
₴20651
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
578
regional
-
-
-
1 158
social contributions
-
-
-
24 770
national
-
-
-
24 644
total
-
-
-
51 150
Employee
43 985
-
97 000
-
social contributions
14 832
-
32 474
-
municipal
233
-
517
-
regional
415
-
1 025
-
national
7 622
-
21 449
-
total
23 102
-
55 465
-
Employer
43 985
-
97 000
-
total
-
-
-
-
Corporate
53 015
97 000
-
-
nationa
12 723
23 280
-
-
municipal
2 067
3 783
-
-
total
14 790
27 063
-
-
Dividends
38 225
69 937
-
-
withholding
9 939
18 184
-
-
total
9 939
18 184
-
-
Income
97 000
97 000
97 000
97 000
Total tax
47 831
45 247
55 465
51 150
After tax
49 169
51 753
41 535
45 850
Living cost
20 884
20 884
20 884
20 884
Free-cash
28 285
30 869
20 651
24 966

Estimated living cost  is ₴20884 per week

₴14557
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34850
₴50092
₴48552
₴31826
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13 211
health
-
-
-
4 689
surtax
-
-
-
4 621
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
28 595
total
-
-
-
51 229
Employee
16 367
-
83 096
-
surtax
54
-
4 029
-
pensions
1 091
-
4 406
-
other
-
-
-
-
unemployment
1 139
-
4 597
-
income
2 743
-
25 634
-
health
418
-
1 684
-
total
5 445
-
40 350
-
Employer
16 367
-
83 096
-
pensions
2 182
-
8 805
-
other
-
-
-
-
unemployment
518
-
2 093
-
health
745
-
3 005
-
total
3 445
-
13 903
-
Corporate
77 189
97 000
-
-
income
20 069
25 220
-
-
total
20 069
25 220
-
-
Dividends
57 120
71 780
-
-
withholding
8 568
10 767
-
-
total
8 568
10 767
-
-
Income
97 000
97 000
97 000
97 000
Total tax
37 527
35 987
54 253
51 229
After tax
59 473
61 013
42 747
45 771
Living cost
10 921
10 921
10 921
10 921
Free-cash
48 552
50 092
31 826
34 850

Estimated living cost  is ₴10921 per week

₴6678
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1008
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2984
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41093
₴39922
₴43166
₴32370
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 629
income
-
-
-
28 835
total
-
-
-
33 464
Employee
31 149
-
84 638
-
pensions
2 644
-
5 617
-
income
5 610
-
23 020
-
health
452
-
1 187
-
total
8 706
-
29 824
-
Employer
31 149
-
84 638
-
pensions
3 372
-
10 754
-
health
592
-
1 609
-
total
3 964
-
12 363
-
Corporate
61 888
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.

11 759
18 430
-
-
total
11 759
18 430
-
-
Dividends
50 129
78 570
-
-
withholding
6 962
16 205
-
-
total
6 962
16 205
-
-
Income
97 000
97 000
97 000
97 000
Total tax
31 391
34 635
42 187
33 464
After tax
65 609
62 365
54 813
63 536
Living cost
22 443
22 443
22 443
22 443
Free-cash
43 166
39 922
32 370
41 093

Estimated living cost  is ₴22443 per week

₴16814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1682
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.
₴3712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴38281
₴4575
₴21597
₴33928
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
4 970
city
-
-
-
1 023
pensions
-
-
-
8 923
health
-
-
-
219
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
national
-
-
-
1 864
total
-
-
-
18 939
Employee
46 553
-
86 832
-
regional
1 524
-
4 293
-
national
220
-
1 377
-
pensions
3 911
-
7 281
-
unemployment
-
-
-
-
city
500
-
933
-
health
105
-
195
-
total
6 260
-
14 079
-
Employer
46 553
-
86 832
-
pensions
3 911
-
7 281
-
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.

931
-
1 737
-
unemployment
-
-
-
-
health
105
-
195
-
total
4 947
-
9 213
-
Corporate
44 988
97 000
-
-
regional
9 515
20 516
-
-
national
3 824
8 245
-
-
total
13 339
28 761
-
-
Dividends
31 649
68 239
-
-
withholding
11 077
23 884
-
-
total
11 077
23 884
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 623
52 645
23 292
18 939
After tax
61 377
44 355
73 708
78 061
Living cost
39 780
39 780
39 780
39 780
Free-cash
21 597
4 575
33 928
38 281

Estimated living cost  is ₴39780 per week

₴25868
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9853
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴25476
₴25238
₴33262
₴38165
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
12 689
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.

-
-
-
3 381
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.

-
-
-
1 709
income

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

-
-
-
31 073
total
-
-
-
48 852
Employee

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

29 743
-
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.

193
-
1 709
-
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.

3 498
-
31 073
-
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.

3 381
-
3 381
-
total
7 072
-
36 163
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 257
97 000
-
-
trade
11 534
16 636
-
-
income
10 089
14 550
-
-
chamber of commerce
170
211
-
-
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.

555
800
-
-
total
22 348
32 197
-
-
Dividends
44 908
64 803
-
-
withholding
11 039
16 012
-
-
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.

607
881
-
-
total
11 646
16 893
-
-
Income
97 000
97 000
97 000
97 000
Total tax
41 066
49 090
36 163
48 852
After tax
55 934
47 910
60 837
48 148
Living cost
22 672
22 672
22 672
22 672
Free-cash
33 262
25 238
38 165
25 476

Estimated living cost  is ₴22672 per week

₴16559
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
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.
₴4006
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37389
₴31956
₴34878
₴35259
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
16 360
health
-
-
-
4 409
surtax
-
-
-
-
other
-
-
-
3 007
social contributions
-
-
-
2 763
income
-
-
-
16 139
total
-
-
-
42 678
Employee
21 182
-
74 615
-
social contributions
604
-
2 125
-
surtax
-
-
-
-
pensions
2 395
-
5 378
-
income
1 250
-
14 920
-
total
4 249
-
22 423
-
Employer
21 182
-
74 615
-
pensions
3 480
-
9 019
-
social contributions
64
-
224
-
other
731
-
2 992
-
unemployment
857
-
3 022
-
health
1 483
-
7 128
-
total
6 615
-
22 385
-
Corporate
69 204
97 000
-
-
income
19 377
27 160
-
-
surtax
-
-
-
-
total
19 377
27 160
-
-
Dividends
49 826
69 840
-
-
withholding
6 378
8 939
-
-
surtax
-
-
-
-
social contributions
8 570
12 012
-
-
total
14 948
20 951
-
-
Income
97 000
97 000
97 000
97 000
Total tax
45 189
48 111
44 808
42 678
After tax
51 811
48 889
52 192
54 322
Living cost
16 933
16 933
16 933
16 933
Free-cash
34 878
31 956
35 259
37 389

Estimated living cost  is ₴16933 per week

₴10677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4592
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39067
₴33634
₴36383
₴36937
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
16 360
health
-
-
-
4 409
surtax
-
-
-
-
other
-
-
-
3 007
social contributions
-
-
-
2 763
income
-
-
-
16 139
total
-
-
-
42 678
Employee
18 908
-
74 615
-
social contributions
539
-
2 125
-
surtax
-
-
-
-
pensions
2 139
-
5 378
-
income
975
-
14 920
-
total
3 653
-
22 423
-
Employer
18 908
-
74 615
-
pensions
3 107
-
9 019
-
social contributions
56
-
224
-
other
653
-
2 992
-
unemployment
765
-
3 022
-
health
1 323
-
7 128
-
total
5 904
-
22 385
-
Corporate
72 188
97 000
-
-
income
20 212
27 160
-
-
surtax
-
-
-
-
total
20 212
27 160
-
-
Dividends
51 975
69 840
-
-
withholding
6 653
8 939
-
-
surtax
-
-
-
-
social contributions
8 940
12 012
-
-
total
15 593
20 951
-
-
Income
97 000
97 000
97 000
97 000
Total tax
45 362
48 111
44 808
42 678
After tax
51 638
48 889
52 192
54 322
Living cost
15 255
15 255
15 255
15 255
Free-cash
36 383
33 634
36 937
39 067

Estimated living cost  is ₴15255 per week

₴8847
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1550
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.
₴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

Source of data for Marseille model

Close
Vilnius , Lithuania
₴51798
₴48684
₴48941
₴49510
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 771
social contributions
-
-
-
13 386
income
-
-
-
14 550
total
-
-
-
34 707
Employee
16 781
-
97 000
-
social contributions
2 316
-
13 386
-
income
2 799
-
16 839
-
health
1 171
-
6 771
-
total
6 286
-
36 996
-
Employer
16 781
-
97 000
-
total
-
-
-
-
Corporate
80 219
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%.

4 011
4 850
-
-
total
4 011
4 850
-
-
Dividends
76 208
92 150
-
-
withholding
11 431
13 822
-
-
social contributions
10 517
12 717
-
-
health
5 320
6 433
-
-
total
27 268
32 972
-
-
Income
97 000
97 000
97 000
97 000
Total tax
37 565
37 822
36 996
34 707
After tax
59 435
59 178
60 004
62 293
Living cost
10 494
10 494
10 494
10 494
Free-cash
48 941
48 684
49 510
51 798

Estimated living cost  is ₴10494 per week

₴7023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴32373
₴36136
₴35371
₴8141
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 696
health
-
-
-
4 423
surtax
-
-
-
98
unemployment
-
-
-
3 035
income
-
-
-
28 548
chamber of commerce
-
-
-
388
total
-
-
-
47 188
Employee
24 734
19 723
78 736
-
pensions
2 533
2 019
5 921
-
other
247
197
579
-
unemployment
742
592
1 735
-
income
2 816
1 455
23 469
-
health
957
764
2 237
-
total
7 295
5 027
33 941
-
Employer
24 734
19 723
78 736
-
payroll
742
592
2 362
-
chamber of commerce
99
79
315
-
pensions
3 104
2 476
7 256
-
surtax
98
98
98
-
other
1 175
936
3 561
-
unemployment
742
592
1 735
-
accident
321
256
751
-
health
934
746
2 186
-
total
7 215
5 775
18 264
-
Corporate
65 052
71 503
76 858
-
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.

16 263
17 876
19 215
-
total
16 263
17 876
19 215
-
Dividends
48 788
53 627
-
-
withholding
13 417
14 747
-
-
total
13 417
14 747
-
-
Income
97 000
97 000
97 000
97 000
Total tax
44 190
43 425
71 420
47 188
After tax
52 810
53 575
25 580
49 812
Living cost
17 439
17 439
17 439
17 439
Free-cash
35 371
36 136
8 141
32 373

Estimated living cost  is ₴17439 per week

₴11631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1488
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.
₴4034
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24072
₴35986
₴28761
₴15558
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 339
communal

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

-
-
-
5 080
national
-
-
-
37 464
total
-
-
-
54 883
Employee

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

35 401
-
75 129
-
national
10 884
-
27 789
-
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.

2 655
-
5 634
-
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.

308
-
654
-
communal

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

1 846
-
3 918
-
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.

1 663
-
3 531
-
total
17 356
-
41 526
-
Employer

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

35 401
-
75 129
-
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.

3 137
-
6 656
-
surtax
4 014
-
8 520
-
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.

517
-
1 097
-
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.

460
-
977
-
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.

2 177
-
4 621
-
total
10 305
-
21 871
-
Corporate
51 294
97 000
-
-
income
10 259
19 677
-
-
surtax
205
394
-
-
total
10 464
20 071
-
-
Dividends
40 830
76 929
-
-
withholding

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

12 069
22 898
-
-
total
12 069
22 898
-
-
Income
97 000
97 000
97 000
97 000
Total tax
50 194
42 969
63 397
54 883
After tax
46 806
54 031
33 603
42 117
Living cost
18 045
18 045
18 045
18 045
Free-cash
28 761
35 986
15 558
24 072

Estimated living cost  is ₴18045 per week

₴11623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1578
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4562
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36453
₴46666
₴43276
₴34377
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
12 982
other
-
-
-
46
unemployment
-
-
-
321
accident
-
-
-
413
income
-
-
-
28 912
total
-
-
-
42 674
Employee
24 636
-
82 376
-
pensions
1 158
-
2 156
-
other
24
-
46
-
unemployment
382
-
711
-
income
5 198
-
27 213
-
total
6 762
-
30 126
-
Employer
24 636
-
82 376
-
pensions
5 814
-
10 826
-
other
196
-
367
-
unemployment
1 355
-
2 523
-
accident
487
-
908
-
total
7 852
-
14 624
-
Corporate
64 512
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.

9 676
14 550
-
-
total
9 676
14 550
-
-
Dividends
54 835
82 450
-
-
withholding
11 561
17 911
-
-
total
11 561
17 911
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 851
32 461
44 750
42 674
After tax
61 149
64 539
52 250
54 326
Living cost
17 873
17 873
17 873
17 873
Free-cash
43 276
46 666
34 377
36 453

Estimated living cost  is ₴17873 per week

₴13162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19961
₴29116
₴22488
₴23829
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
14 540
health
-
-
-
6 816
surtax
-
-
-
4 809
accident
-
-
-
818
communal
-
-
-
6 130
income
-
-
-
17 030
total
-
-
-
50 143
Employee
37 479
-
86 646
-
surtax
2 297
-
5 310
-
pensions
2 998
-
6 931
-
income
3 620
-
19 824
-
health
1 668
-
3 856
-
total
10 583
-
35 921
-
Employer
37 479
-
86 646
-
pensions
2 998
-
6 931
-
accident
337
-
780
-
health
1 143
-
2 643
-
total
4 478
-
10 354
-
Corporate
55 043
97 000
-
-
communal
3 715
6 547
-
-
income
8 256
14 550
-
-
surtax
578
1 018
-
-
total
12 549
22 115
-
-
Dividends
42 493
74 885
-
-
withholding
6 374
11 233
-
-
income
13 632
7 640
-
-
total
20 006
18 873
-
-
Income
97 000
97 000
97 000
97 000
Total tax
47 616
40 988
46 275
50 143
After tax
49 384
56 012
50 725
46 857
Living cost
26 896
26 896
26 896
26 896
Free-cash
22 488
29 116
23 829
19 961

Estimated living cost  is ₴26896 per week

₴20176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1629
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34655
₴49897
₴48322
₴31631
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13 211
health
-
-
-
4 689
surtax
-
-
-
4 621
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
28 595
total
-
-
-
51 229
Employee
16 667
-
83 096
-
surtax
59
-
4 029
-
pensions
1 112
-
4 406
-
other
-
-
-
-
unemployment
1 160
-
4 597
-
income
2 794
-
25 634
-
health
425
-
1 684
-
total
5 550
-
40 350
-
Employer
16 667
-
83 096
-
pensions
2 222
-
8 805
-
other
-
-
-
-
unemployment
529
-
2 093
-
health
758
-
3 005
-
total
3 509
-
13 903
-
Corporate
76 824
97 000
-
-
income
19 975
25 220
-
-
total
19 975
25 220
-
-
Dividends
56 849
71 780
-
-
withholding
8 528
10 767
-
-
total
8 528
10 767
-
-
Income
97 000
97 000
97 000
97 000
Total tax
37 562
35 987
54 253
51 229
After tax
59 438
61 013
42 747
45 771
Living cost
11 116
11 116
11 116
11 116
Free-cash
48 322
49 897
31 631
34 655

Estimated living cost  is ₴11116 per week

₴6711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32209
₴37653
₴36555
₴27918
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
578
regional
-
-
-
1 467
social contributions
-
-
-
24 770
national
-
-
-
24 644
total
-
-
-
51 459
Employee
27 454
-
97 000
-
social contributions
9 258
-
32 474
-
municipal
146
-
517
-
regional
370
-
1 310
-
national
4 349
-
21 449
-
total
14 123
-
55 750
-
Employer
27 454
-
97 000
-
total
-
-
-
-
Corporate
69 546
97 000
-
-
nationa
16 691
23 280
-
-
municipal
3 456
4 821
-
-
total
20 147
28 101
-
-
Dividends
49 399
68 899
-
-
withholding
12 843
17 914
-
-
total
12 843
17 914
-
-
Income
97 000
97 000
97 000
97 000
Total tax
47 113
46 015
55 750
51 459
After tax
49 887
50 985
41 250
45 541
Living cost
13 332
13 332
13 332
13 332
Free-cash
36 555
37 653
27 918
32 209

Estimated living cost  is ₴13332 per week

₴8291
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.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3462
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40726
₴51627
₴46221
₴36674
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 095
social contributions
-
-
-
17 700
solidarity contribution
-
-
-
391
income
-
-
-
9 931
total
-
-
-
41 117
Employee
22 290
-
75 088
-
social contributions
1 449
-
3 940
-
income
2 675
-
9 152
-
solidarity contribution
-
-
28
-
health
3 009
-
10 137
-
total
7 133
-
23 257
-
Employer
22 290
-
75 088
-
social contributions
5 572
-
15 154
-
health
2 006
-
6 758
-
total
7 578
-
21 912
-
Corporate
67 132
97 000
-
-
income
12 755
18 430
-
-
total
12 755
18 430
-
-
Dividends
54 377
78 570
-
-
withholding
8 156
11 786
-
-
total
8 156
11 786
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 622
30 216
45 169
41 117
After tax
61 378
66 784
51 831
55 883
Living cost
15 157
15 157
15 157
15 157
Free-cash
46 221
51 627
36 674
40 726

Estimated living cost  is ₴15157 per week

₴11272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴840
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.
₴2783
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34120
₴37838
₴37595
₴9814
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 696
health
-
-
-
4 423
surtax
-
-
-
-
unemployment
-
-
-
3 035
income
-
-
-
28 548
chamber of commerce
-
-
-
388
total
-
-
-
47 090
Employee
21 634
19 723
78 827
-
pensions
2 216
2 019
5 921
-
other
216
197
579
-
unemployment
649
592
1 735
-
income
1 927
1 455
23 513
-
health
837
764
2 237
-
total
5 845
5 027
33 985
-
Employer
21 634
19 723
78 827
-
payroll
649
592
2 365
-
chamber of commerce
86
79
316
-
pensions
2 715
2 476
7 256
-
surtax
-
-
-
-
other
1 027
936
3 565
-
unemployment
649
592
1 735
-
accident
281
256
751
-
health
818
746
2 186
-
total
6 225
5 677
18 174
-
Corporate
69 140
71 600
76 948
-
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.

17 285
17 900
19 237
-
total
17 285
17 900
19 237
-
Dividends
51 855
53 700
-
-
withholding
14 260
14 768
-
-
total
14 260
14 768
-
-
Income
97 000
97 000
97 000
97 000
Total tax
43 615
43 372
71 396
47 090
After tax
53 385
53 628
25 604
49 910
Living cost
15 790
15 790
15 790
15 790
Free-cash
37 595
37 838
9 814
34 120

Estimated living cost  is ₴15790 per week

₴9472
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4424
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴89722
₴85842
₴84659
₴71292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
7 886
-
97 000
-
income
1 577
-
19 400
-
total
1 577
-
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%.

89 114
97 000
-
-
total
-
-
-
-
Dividends
89 114
97 000
-
-
withholding
4 456
4 850
-
-
total
4 456
4 850
-
-
Income
97 000
97 000
97 000
97 000
Total tax
6 033
4 850
19 400
970
After tax
90 967
92 150
77 600
96 030
Living cost
6 308
6 308
6 308
6 308
Free-cash
84 659
85 842
71 292
89 722

Estimated living cost  is ₴6308 per week

₴4269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1563
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33271
₴53509
₴49370
₴31033
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
17 715
health
-
-
-
9 545
unemployment
-
-
-
146
income
-
-
-
23 048
total
-
-
-
50 454
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.

21 885
-
83 932
-
pensions
3 392
-
13 010
-
unemployment
31
-
117
-
income
3 774
-
21 075
-
health
1 413
-
5 422
-
total
8 610
-
39 624
-
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.

21 885
-
83 932
-
pensions
1 937
-
7 428
-
unemployment
13
-
51
-
health
1 458
-
5 589
-
total
3 408
-
13 068
-
Corporate
71 707
97 000
-
-
income
13 625
18 430
-
-
total
13 625
18 430
-
-
Dividends
58 083
78 570
-
-
withholding
8 712
11 786
-
-
total
8 712
11 786
-
-
Income
97 000
97 000
97 000
97 000
Total tax
34 355
30 216
52 692
50 454
After tax
62 645
66 784
44 308
46 546
Living cost
13 275
13 275
13 275
13 275
Free-cash
49 370
53 509
31 033
33 271

Estimated living cost  is ₴13275 per week

₴9110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3057
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45473
₴37453
₴13683
₴68864
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 917
-
-
-
social contributions
2 535
-
361
-
income
6 820
-
-
-
total
9 355
-
361
-
Employer
30 917
-
-
-
social contributions
43 593
-
6 213
-
total
43 593
-
6 213
-
Corporate
22 490
97 000
-
-
income
4 948
21 340
-
-
total
4 948
21 340
-
-
Dividends
17 542
75 660
-
-
income
3 859
16 645
-
-
total
3 859
16 645
-
-
Income
97 000
97 000
97 000
97 000
Total tax
61 755
37 985
6 574
29 965
After tax
35 245
59 015
90 426
67 035
Living cost
21 562
21 562
21 562
21 562
Free-cash
13 683
37 453
68 864
45 473

Estimated living cost  is ₴21562 per week

₴13990
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2028
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5269
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35794
₴39649
₴39151
₴28440
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
33 708
income
-
-
-
11 974
total
-
-
-
45 682
Employee
22 762
-
78 383
-
social contributions
2 504
-
8 622
-
surtax
-
-
-
-
income
4 735
-
25 798
-
total
7 239
-
34 420
-
Employer
22 762
-
78 383
-
social contributions
5 406
-
18 616
-
total
5 406
-
18 616
-
Corporate
68 832
97 000
-
-
income
14 455
20 370
-
-
surtax
-
-
-
-
total
14 455
20 370
-
-
Dividends
54 377
76 630
-
-
withholding
15 225
21 457
-
-
total
15 225
21 457
-
-
Income
97 000
97 000
97 000
97 000
Total tax
42 325
41 827
53 036
45 682
After tax
54 675
55 173
43 964
51 318
Living cost
15 524
15 524
15 524
15 524
Free-cash
39 151
39 649
28 440
35 794

Estimated living cost  is ₴15524 per week

₴11615
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴916
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30418
₴24985
₴28385
₴28288
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
16 360
health
-
-
-
4 409
surtax
-
-
-
-
other
-
-
-
3 007
social contributions
-
-
-
2 763
income
-
-
-
16 139
total
-
-
-
42 678
Employee
30 997
-
74 615
-
social contributions
883
-
2 125
-
surtax
-
-
-
-
pensions
3 506
-
5 378
-
income
2 705
-
14 920
-
total
7 094
-
22 423
-
Employer
30 997
-
74 615
-
pensions
5 093
-
9 019
-
social contributions
93
-
224
-
other
1 070
-
2 992
-
unemployment
1 256
-
3 022
-
health
2 170
-
7 128
-
total
9 682
-
22 385
-
Corporate
56 321
97 000
-
-
income
15 770
27 160
-
-
surtax
-
-
-
-
total
15 770
27 160
-
-
Dividends
40 551
69 840
-
-
withholding
5 191
8 939
-
-
surtax
-
-
-
-
social contributions
6 974
12 012
-
-
total
12 165
20 951
-
-
Income
97 000
97 000
97 000
97 000
Total tax
44 711
48 111
44 808
42 678
After tax
52 289
48 889
52 192
54 322
Living cost
23 904
23 904
23 904
23 904
Free-cash
28 385
24 985
28 288
30 418

Estimated living cost  is ₴23904 per week

₴16178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1955
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5443
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56222
₴72423
₴70761
₴58799
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 340
income
-
-
-
4 561
total
-
-
-
25 901
Employee
15 911
-
83 983
-
social contributions
1 034
-
5 460
-
income
-
-
4 847
-
total
1 034
-
10 307
-
Employer
15 911
-
83 983
-
social contributions
2 466
-
13 017
-
total
2 466
-
13 017
-
Corporate
78 623
97 000
-
-
income
7 862
9 700
-
-
total
7 862
9 700
-
-
Dividends
70 761
87 300
-
-
total
-
-
-
-
Income
97 000
97 000
97 000
97 000
Total tax
11 362
9 700
23 324
25 901
After tax
85 638
87 300
73 676
71 099
Living cost
14 877
14 877
14 877
14 877
Free-cash
70 761
72 423
58 799
56 222

Estimated living cost  is ₴14877 per week

₴9619
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3856
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32833
-₴10677
-₴10677
-₴10677
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
20 501
pensions
-
-
-
428
labour market
-
-
-
7 726
national
-
-
-
11 711
total
-
-
-
40 366
Employee
100 458
100 458
100 458
-
municipal
21 392
21 392
21 392
-
national
12 273
12 273
12 273
-
pensions
143
143
143
-
labour market
8 025
8 025
8 025
-
total
41 833
41 833
41 833
-
Employer
100 458
100 458
100 458
-
labour market
8 037
8 037
8 037
-
pensions
286
286
286
-
municipal
21 426
21 426
21 426
-
national
12 294
12 294
12 294
-
total
42 043
42 043
42 043
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
97 000
97 000
97 000
97 000
Total tax
83 876
83 876
83 876
40 366
After tax
13 124
13 124
13 124
56 634
Living cost
23 801
23 801
23 801
23 801
Free-cash
-10 677
-10 677
-10 677
32 833

Estimated living cost  is ₴23801 per week

₴16290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2105
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴366
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55390
-₴3032
₴6187
₴42098
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 090
health
-
-
-
1 096
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
27 222
total
-
-
-
30 721
Employee
17 129
-
87 846
-
pensions
1 929
-
3 833
-
income
2 350
-
20 968
-
health
1 961
-
10 058
-
total
6 240
-
34 859
-
Employer
17 129
-
87 846
-
pensions
2 785
-
5 535
-
unemployment
420
-
2 152
-
accident
286
-
1 467
-
total
3 491
-
9 154
-
Corporate
76 380
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.

68 742
87 300
-
-
total
68 742
87 300
-
-
Dividends
7 638
9 700
-
-
withholding
1 451
1 843
-
-
total
1 451
1 843
-
-
Income
97 000
97 000
97 000
97 000
Total tax
79 924
89 143
44 013
30 721
After tax
17 076
7 857
52 987
66 279
Living cost
10 889
10 889
10 889
10 889
Free-cash
6 187
-3 032
42 098
55 390

Estimated living cost  is ₴10889 per week

₴7926
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴621
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2138
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42135
₴41171
₴42651
₴31025
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
17 229
health
-
-
-
1 288
national
-
-
-
17 347
total
-
-
-
35 864
Employee
26 038
-
81 601
-
municipal
4 265
-
13 288
-
national
430
-
10 506
-
pensions
1 757
-
5 508
-
unemployment
391
-
1 224
-
health
194
-
1 050
-
total
7 037
-
31 576
-
Employer
26 038
-
81 601
-
pensions
4 518
-
14 157
-
unemployment
169
-
531
-
accident
26
-
82
-
health
200
-
628
-
total
4 913
-
15 398
-
Corporate
66 049
97 000
-
-
income
13 210
19 400
-
-
total
13 210
19 400
-
-
Dividends

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

39 629
58 200
-
-
municipal
7 133
10 476
-
-
national
3 055
6 952
-
-
total
10 188
17 428
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 348
36 828
46 974
35 864
After tax
61 652
60 172
50 026
61 136
Living cost
19 001
19 001
19 001
19 001
Free-cash
42 651
41 171
31 025
42 135

Estimated living cost  is ₴19001 per week

₴12411
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1828
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4460
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54348
₴59270
₴56577
₴53522
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 474
social contributions
-
-
-
8 008
income
-
-
-
20 711
total
-
-
-
31 193
Employee
38 057
38 057
91 055
-
social contributions
1 439
3 159
4 260
-
income
4 144
3 523
20 266
-
health
295
647
1 548
-
total
5 878
7 329
26 074
-
Employer
38 057
38 057
91 055
-
social contributions
1 439
3 159
4 260
-
health
320
704
1 685
-
total
1 759
3 863
5 945
-
Corporate
77 905
55 081
-
-
income
9 738
6 885
-
-
total
9 738
6 885
-
-
Dividends
68 166
48 195
-
-
withholding
11 589
8 194
-
-
total
11 589
8 194
-
-
Income
97 000
97 000
97 000
97 000
Total tax
28 964
26 271
32 019
31 193
After tax
68 036
70 729
64 981
65 807
Living cost
11 459
11 459
11 459
11 459
Free-cash
56 577
59 270
53 522
54 348

Estimated living cost  is ₴11459 per week

₴6867
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1124
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴74239
₴72467
₴69950
₴64311
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 148
health
-
-
-
1 791
unemployment
-
-
-
14
income
-
-
-
9 950
total
-
-
-
14 903
Employee

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

11 360
-
92 163
-
pensions
1 704
-
7 044
-
unemployment
56
-
235
-
income
777
-
8 723
-
health
965
-
3 992
-
total
3 502
-
19 994
-
Employer

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

11 360
-
92 163
-
pensions
625
-
2 583
-
unemployment
56
-
235
-
health
488
-
2 019
-
total
1 169
-
4 837
-
Corporate
84 471
97 000
-
-
income
7 603
8 730
-
-
total
7 603
8 730
-
-
Dividends
76 868
88 270
-
-
withholding
6 918
7 945
-
-
total
6 918
7 945
-
-
Income
97 000
97 000
97 000
97 000
Total tax
19 192
16 675
24 831
14 903
After tax
77 808
80 325
72 169
82 097
Living cost
7 858
7 858
7 858
7 858
Free-cash
69 950
72 467
64 311
74 239

Estimated living cost  is ₴7858 per week

₴5013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴566
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2044
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40716
₴50929
₴48742
₴38640
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
12 982
other
-
-
-
46
unemployment
-
-
-
321
accident
-
-
-
413
income
-
-
-
28 912
total
-
-
-
42 674
Employee
18 300
-
82 376
-
pensions
860
-
2 156
-
other
18
-
46
-
unemployment
284
-
711
-
income
3 528
-
27 213
-
total
4 690
-
30 126
-
Employer
18 300
-
82 376
-
pensions
4 318
-
10 826
-
other
147
-
367
-
unemployment
1 007
-
2 523
-
accident
363
-
908
-
total
5 835
-
14 624
-
Corporate
72 866
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.

10 930
14 550
-
-
total
10 930
14 550
-
-
Dividends
61 936
82 450
-
-
withholding
13 193
17 911
-
-
total
13 193
17 911
-
-
Income
97 000
97 000
97 000
97 000
Total tax
34 648
32 461
44 750
42 674
After tax
62 352
64 539
52 250
54 326
Living cost
13 610
13 610
13 610
13 610
Free-cash
48 742
50 929
38 640
40 716

Estimated living cost  is ₴13610 per week

₴9186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1308
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2877
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61518
₴59563
₴59405
₴61450
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
704
health
-
-
-
510
income
-
-
-
33 303
total
-
-
-
34 517
Employee
1 469
-
96 208
-
pensions
132
-
317
-
unemployment
15
-
35
-
income
284
-
33 266
-
health
73
-
176
-
total
504
-
33 794
-
Employer
1 469
-
96 208
-
pensions
162
-
387
-
unemployment
29
-
70
-
health
140
-
334
-
total
331
-
791
-
Corporate
95 200
97 000
-
-
income
20 944
21 340
-
-
total
20 944
21 340
-
-
Dividends
74 256
75 660
-
-
withholding
14 851
15 132
-
-
total
14 851
15 132
-
-
Income
97 000
97 000
97 000
97 000
Total tax
36 630
36 472
34 585
34 517
After tax
60 370
60 528
62 415
62 483
Living cost
965
965
965
965
Free-cash
59 405
59 563
61 450
61 518

Estimated living cost  is ₴965 per week

₴573
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
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.
₴291
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52445
₴61528
₴59094
₴52447
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
9 504
health
-
-
-
3 765
unemployment
-
-
-
548
income
-
-
-
22 184
total
-
-
-
36 001
Employee

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

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

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

12 898
-
90 457
-
pensions
1 806
-
5 117
-
unemployment
97
-
274
-
income
1 778
-
22 184
-
health
664
-
1 882
-
total
4 345
-
29 457
-
Employer

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

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

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

12 898
-
90 457
-
pensions
1 548
-
4 386
-
unemployment
97
-
274
-
health
664
-
1 882
-
total
2 309
-
6 542
-
Corporate
81 793
97 000
-
-
income
12 269
14 550
-
-
total
12 269
14 550
-
-
Dividends
69 524
82 450
-
-
withholding
10 429
12 368
-
-
total
10 429
12 368
-
-
Income
97 000
97 000
97 000
97 000
Total tax
29 352
26 918
35 999
36 001
After tax
67 648
70 082
61 001
60 999
Living cost
8 554
8 554
8 554
8 554
Free-cash
59 094
61 528
52 447
52 445

Estimated living cost  is ₴8554 per week

₴5759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴662
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.
₴1885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37975
₴41830
₴41653
₴30621
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
33 708
income
-
-
-
11 974
total
-
-
-
45 682
Employee
19 209
-
78 383
-
social contributions
2 113
-
8 622
-
surtax
-
-
-
-
income
3 753
-
25 798
-
total
5 866
-
34 420
-
Employer
19 209
-
78 383
-
social contributions
4 562
-
18 616
-
total
4 562
-
18 616
-
Corporate
73 230
97 000
-
-
income
15 378
20 370
-
-
surtax
-
-
-
-
total
15 378
20 370
-
-
Dividends
57 851
76 630
-
-
withholding
16 198
21 457
-
-
total
16 198
21 457
-
-
Income
97 000
97 000
97 000
97 000
Total tax
42 004
41 827
53 036
45 682
After tax
54 996
55 173
43 964
51 318
Living cost
13 343
13 343
13 343
13 343
Free-cash
41 653
41 830
30 621
37 975

Estimated living cost  is ₴13343 per week

₴9450
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴927
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2729
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36933
₴47146
₴43908
₴34857
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
12 982
other
-
-
-
46
unemployment
-
-
-
321
accident
-
-
-
413
income
-
-
-
28 912
total
-
-
-
42 674
Employee
23 902
-
82 376
-
pensions
1 123
-
2 156
-
other
23
-
46
-
unemployment
370
-
711
-
income
4 992
-
27 213
-
total
6 508
-
30 126
-
Employer
23 902
-
82 376
-
pensions
5 641
-
10 826
-
other
192
-
367
-
unemployment
1 315
-
2 523
-
accident
473
-
908
-
total
7 621
-
14 624
-
Corporate
65 477
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.

9 821
14 550
-
-
total
9 821
14 550
-
-
Dividends
55 656
82 450
-
-
withholding
11 749
17 911
-
-
total
11 749
17 911
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 699
32 461
44 750
42 674
After tax
61 301
64 539
52 250
54 326
Living cost
17 393
17 393
17 393
17 393
Free-cash
43 908
47 146
34 857
36 933

Estimated living cost  is ₴17393 per week

₴12491
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1352
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69320
₴74421
₴71404
₴73230
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 559
health
-
-
-
1 988
unemployment
-
-
-
69
income
-
-
-
14 550
total
-
-
-
19 166
Employee
11 273
-
93 608
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

990
-
1 518
-
income
1 128
-
9 361
-
health
519
-
795
-
total
2 761
-
11 864
-
Employer
11 273
-
93 608
-
pensions

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

1 242
-
1 905
-
unemployment
68
-
104
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
health
778
-
1 193
-
total
2 212
-
3 392
-
Corporate
83 515
97 000
-
-
income
8 351
9 700
-
-
total
8 351
9 700
-
-
Dividends
75 163
87 300
-
-
withholding
3 758
4 365
-
-
total
3 758
4 365
-
-
Income
97 000
97 000
97 000
97 000
Total tax
17 082
14 065
15 256
19 166
After tax
79 918
82 935
81 744
77 834
Living cost
8 514
8 514
8 514
8 514
Free-cash
71 404
74 421
73 230
69 320

Estimated living cost  is ₴8514 per week

₴5631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2193
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31112
₴30798
₴37273
₴41730
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
10 618
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.

-
-
-
3 381
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.

-
-
-
1 709
income

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

-
-
-
31 073
total
-
-
-
46 781
Employee

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

24 625
-
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.

112
-
1 709
-
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.

2 025
-
31 073
-
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.

3 381
-
3 381
-
total
5 518
-
36 163
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
72 375
97 000
-
-
trade
10 386
13 920
-
-
income
10 856
14 550
-
-
chamber of commerce
181
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.

597
800
-
-
total
22 020
29 487
-
-
Dividends
50 355
67 513
-
-
withholding
12 400
16 690
-
-
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.

682
918
-
-
total
13 082
17 608
-
-
Income
97 000
97 000
97 000
97 000
Total tax
40 620
47 095
36 163
46 781
After tax
56 380
49 905
60 837
50 219
Living cost
19 107
19 107
19 107
19 107
Free-cash
37 273
30 798
41 730
31 112

Estimated living cost  is ₴19107 per week

₴13181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2056
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.
₴3593
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21778
₴39708
₴40801
₴21778
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 410
income
-
-
-
30 620
total
-
-
-
47 030
Employee
38 713
-
97 000
-
social contributions
3 216
-
16 410
-
income
7 305
-
30 620
-
total
10 521
-
47 030
-
Employer
38 713
-
97 000
-
total
-
-
-
-
Corporate
58 287
97 000
-
-
income
7 286
12 125
-
-
total
7 286
12 125
-
-
Dividends
51 000
84 875
-
-
withholding
10 200
16 975
-
-
total
10 200
16 975
-
-
Income
97 000
97 000
97 000
97 000
Total tax
28 007
29 100
47 030
47 030
After tax
68 993
67 900
49 970
49 970
Living cost
28 192
28 192
28 192
28 192
Free-cash
40 801
39 708
21 778
21 778

Estimated living cost  is ₴28192 per week

₴21448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2297
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61446
₴42470
₴44198
₴50404
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 039
income
-
-
-
14 550
total
-
-
-
17 589
Employee
22 704
-
94 723
-
social contributions
2 275
-
2 277
-
income
2 464
-
24 077
-
total
4 739
-
26 354
-
Employer
22 704
-
94 723
-
social contributions
2 275
-
2 277
-
total
2 275
-
2 277
-
Corporate
72 022
97 000
-
-
income
25 208
33 950
-
-
total
25 208
33 950
-
-
Dividends
46 814
63 050
-
-
social contributions
2 615
2 615
-
-
total
2 615
2 615
-
-
Income
97 000
97 000
97 000
97 000
Total tax
34 837
36 565
28 631
17 589
After tax
62 163
60 435
68 369
79 411
Living cost
17 966
17 966
17 966
17 966
Free-cash
44 198
42 470
50 404
61 446

Estimated living cost  is ₴17966 per week

₴11834
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1416
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4440
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45291
₴44120
₴47029
₴36568
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 629
income
-
-
-
28 835
total
-
-
-
33 464
Employee
25 044
-
84 638
-
pensions
1 911
-
5 617
-
income
4 561
-
23 020
-
health
327
-
1 187
-
total
6 799
-
29 824
-
Employer
25 044
-
84 638
-
pensions
2 530
-
10 754
-
health
476
-
1 609
-
total
3 006
-
12 363
-
Corporate
68 950
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.

13 100
18 430
-
-
total
13 100
18 430
-
-
Dividends
55 849
78 570
-
-
withholding
8 821
16 205
-
-
total
8 821
16 205
-
-
Income
97 000
97 000
97 000
97 000
Total tax
31 726
34 635
42 187
33 464
After tax
65 274
62 365
54 813
63 536
Living cost
18 245
18 245
18 245
18 245
Free-cash
47 029
44 120
36 568
45 291

Estimated living cost  is ₴18245 per week

₴12516
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1678
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3822
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴54312
-₴4110
₴6022
₴41020
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 090
health
-
-
-
1 096
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
27 222
total
-
-
-
30 721
Employee
18 825
-
87 846
-
pensions
2 120
-
3 833
-
income
2 583
-
20 968
-
health
2 155
-
10 058
-
total
6 858
-
34 859
-
Employer
18 825
-
87 846
-
pensions
3 061
-
5 535
-
unemployment
461
-
2 152
-
accident
314
-
1 467
-
total
3 836
-
9 154
-
Corporate
74 339
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.

66 905
87 300
-
-
total
66 905
87 300
-
-
Dividends
7 434
9 700
-
-
withholding
1 412
1 843
-
-
total
1 412
1 843
-
-
Income
97 000
97 000
97 000
97 000
Total tax
79 011
89 143
44 013
30 721
After tax
17 989
7 857
52 987
66 279
Living cost
11 967
11 967
11 967
11 967
Free-cash
6 022
-4 110
41 020
54 312

Estimated living cost  is ₴11967 per week

₴8782
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52444
₴67529
₴72639
₴63312
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
14 544
health insurance
-
-
-
5 849
work injury
-
-
-
395
unemployment
-
-
-
949
income
-
-
-
16 143
total
-
-
-
37 880
Employee

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

10 682
-
97 000
-
pensions
1 965
-
7 272
-
health insurance
790
-
2 925
-
unemployment
128
-
474
-
income
1 068
-
16 143
-
work injury
53
-
198
-
total
4 004
-
27 012
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
86 318
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%.

863
9 700
-
-
total
863
9 700
-
-
Dividends
85 455
87 300
-
-
withholding
12 818
13 095
-
-
total
12 818
13 095
-
-
Income
97 000
97 000
97 000
97 000
Total tax
17 685
22 795
27 012
37 880
After tax
79 315
74 205
69 988
59 120
Living cost
6 676
6 676
6 676
6 676
Free-cash
72 639
67 529
63 312
52 444

Estimated living cost  is ₴6676 per week

₴4136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
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.
₴1847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24980
₴31377
₴29125
₴20791
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
650
regional
-
-
-
2 240
social contributions
-
-
-
24 770
national
-
-
-
24 644
total
-
-
-
52 304
Employee
41 705
-
97 000
-
social contributions
14 063
-
32 474
-
municipal
249
-
580
-
regional
630
-
1 990
-
national
7 048
-
21 449
-
total
21 990
-
56 493
-
Employer
41 705
-
97 000
-
total
-
-
-
-
Corporate
55 295
97 000
-
-
nationa
13 271
23 280
-
-
municipal
2 665
4 675
-
-
total
15 936
27 955
-
-
Dividends
39 359
69 045
-
-
withholding
10 233
17 952
-
-
total
10 233
17 952
-
-
Income
97 000
97 000
97 000
97 000
Total tax
48 159
45 907
56 493
52 304
After tax
48 841
51 093
40 507
44 696
Living cost
19 716
19 716
19 716
19 716
Free-cash
29 125
31 377
20 791
24 980

Estimated living cost  is ₴19716 per week

₴13849
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1356
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.
₴4212
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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