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
₴33955
₴45867
₴34204
₴39415
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
31 098
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.

-
-
-
1 711
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.

-
-
-
3 372
trade
-
-
-
11 663
total
-
-
-
47 844
Employee

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

18 881
-
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
-
1 711
-
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.

527
-
31 098
-
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.

3 372
-
3 372
-
total
3 928
-
36 181
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
78 119
97 000
-
-
income
11 718
14 550
-
-
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.

645
800
-
-
chamber of commerce
187
215
-
-
trade
12 304
15 277
-
-
total
24 854
30 842
-
-
Dividends
53 265
66 158
-
-
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.

722
899
-
-
withholding
13 129
16 352
-
-
total
13 851
17 251
-
-
Income
97 000
97 000
97 000
97 000
Total tax
42 633
48 093
36 181
47 844
After tax
54 367
48 907
60 819
49 156
Living cost
14 952
14 952
14 952
14 952
Free-cash
39 415
33 955
45 867
34 204

Estimated living cost  is ₴14952 per week

₴9405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3524
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34313
₴30965
₴30444
₴33877
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
social contributions
-
-
-
1 043
municipal
-
-
-
10 668
national
-
-
-
16 990
pensions
-
-
-
11 640
total
-
-
-
40 341
Employee
40 639
-
83 856
-
municipal
5 020
-
11 044
-
pensions
1 626
-
3 354
-
national
7 778
-
17 813
-
total
14 424
-
32 211
-
Employer
40 639
-
83 856
-
pensions
3 251
-
6 708
-
social contributions
437
-
901
-
total
3 688
-
7 609
-
Corporate
49 991
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%.

9 998
19 400
-
-
total
9 998
19 400
-
-
Dividends
39 993
77 600
-
-
withholding
8 798
17 072
-
-
total
8 798
17 072
-
-
Income
97 000
97 000
97 000
97 000
Total tax
36 908
36 472
39 820
40 341
After tax
60 092
60 528
57 180
56 659
Living cost
26 215
26 215
26 215
26 215
Free-cash
33 877
34 313
30 965
30 444

Estimated living cost  is ₴26215 per week

₴17818
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.
₴5568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67330
₴31164
₴24066
₴63280
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
19 015
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.

-
-
-
18 914
microenterprise
-
-
-
-
total
-
-
-
62 664
Employee
14 425
-
74 619
-
surtax
-
-
10 820
-
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.

1 587
-
6 471
-
income
2 568
-
15 894
-
total
4 155
-
33 185
-
Employer
14 425
-
74 619
-
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.

3 475
-
14 173
-
surtax
-
-
8 208
-
total
3 475
-
22 381
-
Corporate
79 101
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%.

15 820
19 400
-
-
total
15 820
19 400
-
-
Dividends

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

63 280
77 600
-
-
total
-
-
-
-
Income
97 000
97 000
97 000
97 000
Total tax
23 450
19 400
55 566
62 664
After tax
73 550
77 600
41 434
34 336
Living cost
10 270
10 270
10 270
10 270
Free-cash
63 280
67 330
31 164
24 066

Estimated living cost  is ₴10270 per week

₴6552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27493
₴41014
₴32173
₴24469
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
32 276
health
-
-
-
6 087
pensions
-
-
-
5 784
total
-
-
-
44 147
Employee
42 155
42 155
87 826
-
pensions
7 588
5 784
5 784
-
income

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

6 900
6 900
14 261
-
health
6 470
5 504
6 087
-
total
20 958
18 188
26 132
-
Employer
42 155
42 155
87 826
-
health
2 930
2 930
3 641
-
pensions
2 934
2 934
3 647
-
unemployment
1 518
1 518
1 886
-
total
7 382
7 382
9 174
-
Corporate
47 980
47 463
-
-
income
9 596
9 492
-
-
total
9 596
9 492
-
-
Dividends
38 384
37 970
-
-
income
8 157
8 069
-
-
withholding
5 758
5 696
-
-
total
13 915
13 765
-
-
Income
97 000
97 000
97 000
97 000
Total tax
51 851
48 827
35 306
44 147
After tax
45 149
48 173
61 694
52 853
Living cost
20 680
20 680
20 680
20 680
Free-cash
24 469
27 493
41 014
32 173

Estimated living cost  is ₴20680 per week

₴14655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32737
₴28617
₴29107
₴32282
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
89
other
-
-
-
5 151
unemployment
-
-
-
44
health
-
-
-
2 766
municipal
-
-
-
25 096
national
-
-
-
9 730
pensions
-
-
-
4 792
total
-
-
-
47 668
Employee
28 819
-
83 073
-
municipal
8 594
-
24 772
-
national
-
-
9 458
-
total
8 594
-
34 230
-
Employer
28 819
-
83 073
-
health
1 772
-
2 726
-
pensions
3 115
-
4 792
-
accident
58
-
89
-
unemployment
761
-
1 170
-
other
3 349
-
5 151
-
total
9 055
-
13 928
-
Corporate
59 126
97 000
-
-
income
13 008
21 340
-
-
total
13 008
21 340
-
-
Dividends
46 118
75 660
-
-
withholding
13 836
22 698
-
-
total
13 836
22 698
-
-
Income
97 000
97 000
97 000
97 000
Total tax
44 493
44 038
48 158
47 668
After tax
52 507
52 962
48 842
49 332
Living cost
20 225
20 225
20 225
20 225
Free-cash
32 282
32 737
28 617
29 107

Estimated living cost  is ₴20225 per week

₴13404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1985
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4529
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29015
₴41426
₴29245
₴35951
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
31 098
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.

-
-
-
1 711
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.

-
-
-
3 372
trade
-
-
-
12 181
total
-
-
-
48 362
Employee

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

25 034
-
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
-
1 711
-
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.

2 151
-
31 098
-
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.

3 372
-
3 372
-
total
5 641
-
36 181
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 966
97 000
-
-
income
10 795
14 550
-
-
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
-
-
chamber of commerce
177
213
-
-
trade
11 838
15 956
-
-
total
23 404
31 519
-
-
Dividends
48 562
65 481
-
-
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.

658
890
-
-
withholding
11 953
16 183
-
-
total
12 611
17 073
-
-
Income
97 000
97 000
97 000
97 000
Total tax
41 656
48 592
36 181
48 362
After tax
55 344
48 408
60 819
48 638
Living cost
19 393
19 393
19 393
19 393
Free-cash
35 951
29 015
41 426
29 245

Estimated living cost  is ₴19393 per week

₴12970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2045
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.
₴4088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54719
₴48960
₴49786
₴52671
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
20 743
social contributions
-
-
-
7 987
health
-
-
-
2 473
total
-
-
-
31 203
Employee
37 959
37 959
91 066
-
social contributions
1 845
3 150
4 249
-
income
3 986
3 514
20 298
-
health
378
645
1 549
-
total
6 209
7 309
26 096
-
Employer
37 959
37 959
91 066
-
health
411
703
1 684
-
social contributions
1 845
3 150
4 249
-
total
2 256
3 853
5 933
-
Corporate
72 525
55 188
-
-
income
9 065
6 899
-
-
total
9 065
6 899
-
-
Dividends
63 459
48 289
-
-
withholding
10 788
8 209
-
-
total
10 788
8 209
-
-
Income
97 000
97 000
97 000
97 000
Total tax
28 318
26 270
32 029
31 203
After tax
68 682
70 730
64 971
65 797
Living cost
16 011
16 011
16 011
16 011
Free-cash
52 671
54 719
48 960
49 786

Estimated living cost  is ₴16011 per week

₴10945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1251
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45413
₴47174
₴58139
₴45600
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

13 076
5 204
81 172
-
unemployment
196
78
1 218
-
pensions
1 308
520
8 117
-
income
1 599
636
9 923
-
health
915
364
5 682
-
total
4 018
1 598
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.

13 076
5 204
81 172
-
pensions
2 550
1 015
15 828
-
total
2 550
1 015
15 828
-
Corporate
81 374
90 781
-
-
income
7 324
8 170
-
-
total
7 324
8 170
-
-
Dividends
74 051
82 611
-
-
social contributions
14 380
16 050
-
-
withholding
14 070
15 696
-
-
total
28 450
31 746
-
-
Income
97 000
97 000
97 000
97 000
Total tax
42 342
42 529
40 768
29 803
After tax
54 658
54 471
56 232
67 197
Living cost
9 058
9 058
9 058
9 058
Free-cash
45 600
45 413
47 174
58 139

Estimated living cost  is ₴9058 per week

₴6182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴741
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.
₴1955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65677
₴43987
₴40069
₴62610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
12 998
health
-
-
-
12 610
pensions
-
-
-
19 400
total
-
-
-
45 008
Employee
14 004
-
72 495
-
unemployment
224
-
1 160
-
pensions
280
-
1 450
-
income
1 577
-
13 977
-
total
2 081
-
16 587
-
Employer
14 004
-
72 495
-
health
1 820
-
9 424
-
pensions
2 801
-
14 499
-
unemployment
112
-
580
-
total
4 733
-
24 503
-
Corporate
78 262
97 000
-
-
income
15 653
19 400
-
-
total
15 653
19 400
-
-
Dividends
62 610
77 600
-
-
total
-
-
-
-
Income
97 000
97 000
97 000
97 000
Total tax
22 467
19 400
41 090
45 008
After tax
74 533
77 600
55 910
51 992
Living cost
11 923
11 923
11 923
11 923
Free-cash
62 610
65 677
43 987
40 069

Estimated living cost  is ₴11923 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴710
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.
₴2795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3138
₴42008
₴55283
₴6171
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
27 242
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
30 722
Employee
17 295
-
87 874
-
pensions
1 947
-
3 813
-
income
2 373
-
20 996
-
health
1 980
-
10 061
-
total
6 300
-
34 870
-
Employer
17 295
-
87 874
-
pensions
2 812
-
5 506
-
accident
289
-
1 468
-
unemployment
424
-
2 153
-
total
3 525
-
9 127
-
Corporate
76 180
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.

68 562
87 300
-
-
total
68 562
87 300
-
-
Dividends
7 618
9 700
-
-
withholding
1 447
1 843
-
-
total
1 447
1 843
-
-
Income
97 000
97 000
97 000
97 000
Total tax
79 834
89 143
43 997
30 722
After tax
17 166
7 857
53 003
66 278
Living cost
10 995
10 995
10 995
10 995
Free-cash
6 171
-3 138
42 008
55 283

Estimated living cost  is ₴10995 per week

₴8058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴609
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2098
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴88155
₴73605
₴92035
₴87406
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 994
-
97 000
-
income
999
-
19 400
-
total
999
-
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%.

92 006
97 000
-
-
total
-
-
-
-
Dividends
92 006
97 000
-
-
withholding
4 600
4 850
-
-
total
4 600
4 850
-
-
Income
97 000
97 000
97 000
97 000
Total tax
5 599
4 850
19 400
970
After tax
91 401
92 150
77 600
96 030
Living cost
3 995
3 995
3 995
3 995
Free-cash
87 406
88 155
73 605
92 035

Estimated living cost  is ₴3995 per week

₴2476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴332
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58112
₴42188
₴43023
₴54779
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
15 939
other
-
-
-
3 565
health
-
-
-
3 303
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.

-
-
-
18 016
total
-
-
-
40 823
Employee
17 924
-
78 059
-
unemployment
179
-
750
-
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.

1 254
-
5 254
-
income
3 086
-
15 662
-
health
251
-
1 051
-
total
4 770
-
22 717
-
Employer
17 924
-
78 059
-
health
251
-
1 051
-
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.

3 047
-
12 762
-
accident
143
-
625
-
unemployment
179
-
750
-
other
897
-
3 753
-
total
4 517
-
18 941
-
Corporate
74 559
97 000
-
-
income
15 657
20 370
-
-
total
15 657
20 370
-
-
Dividends
58 902
76 630
-
-
withholding
4 123
5 364
-
-
total
4 123
5 364
-
-
Income
97 000
97 000
97 000
97 000
Total tax
29 067
25 734
41 658
40 823
After tax
67 933
71 266
55 342
56 177
Living cost
13 154
13 154
13 154
13 154
Free-cash
54 779
58 112
42 188
43 023

Estimated living cost  is ₴13154 per week

₴9294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴888
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.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴29540
₴21993
₴30713
₴33123
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
28 844
pensions
-
-
-
4 627
total
-
-
-
33 471
Employee
46 430
-
84 638
-
pensions
4 479
-
5 613
-
income
8 369
-
23 030
-
health
765
-
1 186
-
total
13 613
-
29 829
-
Employer
46 430
-
84 638
-
health
882
-
1 608
-
pensions
5 482
-
10 754
-
total
6 364
-
12 362
-
Corporate
44 206
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.

8 399
18 430
-
-
total
8 399
18 430
-
-
Dividends
35 808
78 570
-
-
withholding
2 685
16 214
-
-
total
2 685
16 214
-
-
Income
97 000
97 000
97 000
97 000
Total tax
31 061
34 644
42 191
33 471
After tax
65 939
62 356
54 809
63 529
Living cost
32 816
32 816
32 816
32 816
Free-cash
33 123
29 540
21 993
30 713

Estimated living cost  is ₴32816 per week

₴24590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3856
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.
₴4104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴76454
₴75270
₴71359
₴74159
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
14 550
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
19 160
Employee
8 582
-
93 612
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
pensions

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

754
-
1 516
-
income
858
-
9 361
-
health
395
-
794
-
total
2 101
-
11 861
-
Employer
8 582
-
93 612
-
health
592
-
1 191
-
pensions

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

946
-
1 903
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
unemployment
51
-
104
-
total
1 683
-
3 388
-
Corporate
86 734
97 000
-
-
income
8 673
9 700
-
-
total
8 673
9 700
-
-
Dividends
78 061
87 300
-
-
withholding
3 903
4 365
-
-
total
3 903
4 365
-
-
Income
97 000
97 000
97 000
97 000
Total tax
16 360
14 065
15 249
19 160
After tax
80 640
82 935
81 751
77 840
Living cost
6 481
6 481
6 481
6 481
Free-cash
74 159
76 454
75 270
71 359

Estimated living cost  is ₴6481 per week

₴3784
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.
₴2063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20800
₴34321
₴25480
₴22043
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
32 276
health
-
-
-
6 087
pensions
-
-
-
5 784
total
-
-
-
44 147
Employee
45 767
42 155
87 826
-
pensions
5 784
5 784
5 784
-
income

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

6 900
6 900
14 261
-
health
5 710
5 504
6 087
-
total
18 394
18 188
26 132
-
Employer
45 767
42 155
87 826
-
health
3 180
2 930
3 641
-
pensions
3 185
2 934
3 647
-
unemployment
1 648
1 518
1 886
-
total
8 013
7 382
9 174
-
Corporate
43 219
47 463
-
-
income
8 644
9 492
-
-
total
8 644
9 492
-
-
Dividends
34 576
37 970
-
-
income
7 347
8 069
-
-
withholding
5 186
5 696
-
-
total
12 533
13 765
-
-
Income
97 000
97 000
97 000
97 000
Total tax
47 584
48 827
35 306
44 147
After tax
49 416
48 173
61 694
52 853
Living cost
27 373
27 373
27 373
27 373
Free-cash
22 043
20 800
34 321
25 480

Estimated living cost  is ₴27373 per week

₴20192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2445
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54518
₴39588
₴43642
₴50141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
9 938
social contributions
-
-
-
17 652
solidarity contribution
-
-
-
406
health
-
-
-
13 095
total
-
-
-
41 091
Employee
18 040
-
75 126
-
solidarity contribution
-
-
42
-
social contributions
1 173
-
3 929
-
income
2 165
-
9 158
-
health
2 435
-
10 142
-
total
5 773
-
23 271
-
Employer
18 040
-
75 126
-
health
1 624
-
6 761
-
social contributions
4 510
-
15 113
-
total
6 134
-
21 874
-
Corporate
72 826
97 000
-
-
income
13 837
18 430
-
-
total
13 837
18 430
-
-
Dividends
58 989
78 570
-
-
withholding
8 848
11 785
-
-
total
8 848
11 785
-
-
Income
97 000
97 000
97 000
97 000
Total tax
34 592
30 215
45 145
41 091
After tax
62 408
66 785
51 855
55 909
Living cost
12 267
12 267
12 267
12 267
Free-cash
50 141
54 518
39 588
43 642

Estimated living cost  is ₴12267 per week

₴8521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
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.
₴2632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30923
₴20739
₴25037
₴28346
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
social contributions
-
-
-
24 707
regional
-
-
-
1 160
municipal
-
-
-
578
national
-
-
-
24 688
total
-
-
-
51 133
Employee
43 872
-
97 000
-
municipal
232
-
517
-
national
7 602
-
21 496
-
regional
414
-
1 027
-
social contributions
14 794
-
32 391
-
total
23 042
-
55 431
-
Employer
43 872
-
97 000
-
total
-
-
-
-
Corporate
53 128
97 000
-
-
municipal
2 072
3 783
-
-
nationa
12 751
23 280
-
-
total
14 823
27 063
-
-
Dividends
38 305
69 937
-
-
withholding
9 959
18 184
-
-
total
9 959
18 184
-
-
Income
97 000
97 000
97 000
97 000
Total tax
47 824
45 247
55 431
51 133
After tax
49 176
51 753
41 569
45 867
Living cost
20 830
20 830
20 830
20 830
Free-cash
28 346
30 923
20 739
25 037

Estimated living cost  is ₴20830 per week

₴14520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50120
₴31858
₴34877
₴48585
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
28 633
other
-
-
-
-
surtax
-
-
-
4 631
unemployment
-
-
-
112
health
-
-
-
4 677
pensions
-
-
-
13 177
total
-
-
-
51 230
Employee
16 325
-
83 132
-
other
-
-
-
-
unemployment
1 136
-
4 586
-
pensions
1 089
-
4 394
-
surtax
53
-
4 041
-
income
2 736
-
25 680
-
health
417
-
1 680
-
total
5 431
-
40 381
-
Employer
16 325
-
83 132
-
health
743
-
2 998
-
pensions
2 176
-
8 782
-
unemployment
517
-
2 088
-
other
-
-
-
-
total
3 436
-
13 868
-
Corporate
77 239
97 000
-
-
income
20 082
25 220
-
-
total
20 082
25 220
-
-
Dividends
57 157
71 780
-
-
withholding
8 573
10 767
-
-
total
8 573
10 767
-
-
Income
97 000
97 000
97 000
97 000
Total tax
37 522
35 987
54 249
51 230
After tax
59 478
61 013
42 751
45 770
Living cost
10 893
10 893
10 893
10 893
Free-cash
48 585
50 120
31 858
34 877

Estimated living cost  is ₴10893 per week

₴6661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1005
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39937
₴32390
₴41110
₴43178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
28 844
pensions
-
-
-
4 627
total
-
-
-
33 471
Employee
31 116
-
84 638
-
pensions
2 641
-
5 613
-
income
5 604
-
23 030
-
health
452
-
1 186
-
total
8 697
-
29 829
-
Employer
31 116
-
84 638
-
health
591
-
1 608
-
pensions
3 368
-
10 754
-
total
3 959
-
12 362
-
Corporate
61 924
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.

11 766
18 430
-
-
total
11 766
18 430
-
-
Dividends
50 159
78 570
-
-
withholding
6 981
16 214
-
-
total
6 981
16 214
-
-
Income
97 000
97 000
97 000
97 000
Total tax
31 403
34 644
42 191
33 471
After tax
65 597
62 356
54 809
63 529
Living cost
22 419
22 419
22 419
22 419
Free-cash
43 178
39 937
32 390
41 110

Estimated living cost  is ₴22419 per week

₴16796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1680
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.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴5214
₴34549
₴38816
₴21961
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
other

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

-
-
-
1 940
regional
-
-
-
5 014
health
-
-
-
218
city
-
-
-
1 022
national
-
-
-
1 925
pensions
-
-
-
8 924
total
-
-
-
19 043
Employee
45 805
-
86 878
-
unemployment
-
-
-
-
pensions
3 848
-
7 234
-
national
217
-
1 435
-
regional
1 500
-
4 346
-
city
492
-
934
-
health
104
-
195
-
total
6 161
-
14 144
-
Employer
45 805
-
86 878
-
health
104
-
195
-
pensions
3 848
-
7 234
-
unemployment
-
-
-
-
other

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

916
-
1 737
-
total
4 868
-
9 166
-
Corporate
45 824
97 000
-
-
regional
9 692
20 516
-
-
national
3 895
8 245
-
-
total
13 587
28 761
-
-
Dividends
32 236
68 239
-
-
withholding
11 282
23 884
-
-
total
11 282
23 884
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 898
52 645
23 310
19 043
After tax
61 102
44 355
73 690
77 957
Living cost
39 141
39 141
39 141
39 141
Free-cash
21 961
5 214
34 549
38 816

Estimated living cost  is ₴39141 per week

₴25453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴25295
₴38205
₴25506
₴33299
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
31 098
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.

-
-
-
1 711
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.

-
-
-
3 372
trade
-
-
-
12 699
total
-
-
-
48 880
Employee

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

29 667
-
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.

192
-
1 711
-
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.

3 489
-
31 098
-
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.

3 372
-
3 372
-
total
7 053
-
36 181
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 333
97 000
-
-
income
10 100
14 550
-
-
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.

556
800
-
-
chamber of commerce
170
212
-
-
trade
11 548
16 635
-
-
total
22 374
32 197
-
-
Dividends
44 960
64 803
-
-
surtax

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

608
881
-
-
withholding
11 052
16 013
-
-
total
11 660
16 894
-
-
Income
97 000
97 000
97 000
97 000
Total tax
41 087
49 091
36 181
48 880
After tax
55 913
47 909
60 819
48 120
Living cost
22 614
22 614
22 614
22 614
Free-cash
33 299
25 295
38 205
25 506

Estimated living cost  is ₴22614 per week

₴16517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31999
₴35278
₴37408
₴34916
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
16 178
other
-
-
-
3 007
surtax
-
-
-
-
social contributions
-
-
-
2 764
health
-
-
-
4 415
pensions
-
-
-
16 339
total
-
-
-
42 703
Employee
21 127
-
74 602
-
pensions
2 389
-
5 382
-
surtax
-
-
-
-
social contributions
602
-
2 126
-
income
1 247
-
14 928
-
total
4 238
-
22 436
-
Employer
21 127
-
74 602
-
health
1 479
-
7 133
-
pensions
3 471
-
9 026
-
unemployment
855
-
3 021
-
social contributions
64
-
224
-
other
729
-
2 993
-
total
6 598
-
22 397
-
Corporate
69 275
97 000
-
-
income
19 397
27 160
-
-
surtax
-
-
-
-
total
19 397
27 160
-
-
Dividends
49 878
69 840
-
-
surtax
-
-
-
-
social contributions
8 578
12 012
-
-
withholding
6 384
8 940
-
-
total
14 962
20 952
-
-
Income
97 000
97 000
97 000
97 000
Total tax
45 195
48 112
44 833
42 703
After tax
51 805
48 888
52 167
54 297
Living cost
16 889
16 889
16 889
16 889
Free-cash
34 916
31 999
35 278
37 408

Estimated living cost  is ₴16889 per week

₴10649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1373
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.
₴4580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴33672
₴36951
₴39081
₴36415
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
16 178
other
-
-
-
3 007
surtax
-
-
-
-
social contributions
-
-
-
2 764
health
-
-
-
4 415
pensions
-
-
-
16 339
total
-
-
-
42 703
Employee
18 859
-
74 602
-
pensions
2 133
-
5 382
-
surtax
-
-
-
-
social contributions
538
-
2 126
-
income
972
-
14 928
-
total
3 643
-
22 436
-
Employer
18 859
-
74 602
-
health
1 320
-
7 133
-
pensions
3 099
-
9 026
-
unemployment
763
-
3 021
-
social contributions
56
-
224
-
other
651
-
2 993
-
total
5 889
-
22 397
-
Corporate
72 251
97 000
-
-
income
20 230
27 160
-
-
surtax
-
-
-
-
total
20 230
27 160
-
-
Dividends
52 021
69 840
-
-
surtax
-
-
-
-
social contributions
8 948
12 012
-
-
withholding
6 659
8 940
-
-
total
15 607
20 952
-
-
Income
97 000
97 000
97 000
97 000
Total tax
45 369
48 112
44 833
42 703
After tax
51 631
48 888
52 167
54 297
Living cost
15 216
15 216
15 216
15 216
Free-cash
36 415
33 672
36 951
39 081

Estimated living cost  is ₴15216 per week

₴8825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1546
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.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48711
₴49531
₴51826
₴48968
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
14 550
social contributions
-
-
-
13 386
health
-
-
-
6 770
total
-
-
-
34 706
Employee
16 738
-
97 000
-
social contributions
2 310
-
13 386
-
income
2 792
-
16 845
-
health
1 168
-
6 770
-
total
6 270
-
37 001
-
Employer
16 738
-
97 000
-
total
-
-
-
-
Corporate
80 262
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%.

4 013
4 850
-
-
total
4 013
4 850
-
-
Dividends
76 249
92 150
-
-
social contributions
10 522
12 717
-
-
withholding
11 437
13 822
-
-
health
5 322
6 432
-
-
total
27 281
32 971
-
-
Income
97 000
97 000
97 000
97 000
Total tax
37 564
37 821
37 001
34 706
After tax
59 436
59 179
59 999
62 294
Living cost
10 468
10 468
10 468
10 468
Free-cash
48 968
48 711
49 531
51 826

Estimated living cost  is ₴10468 per week

₴7005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
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.
₴2575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36180
₴8185
₴32419
₴35418
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
28 594
surtax
-
-
-
97
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
388
health
-
-
-
4 411
pensions
-
-
-
10 669
total
-
-
-
47 187
Employee
24 670
19 673
78 766
-
other
246
197
577
-
unemployment
740
590
1 730
-
pensions
2 527
2 014
5 906
-
income
2 808
1 451
23 520
-
health
955
762
2 231
-
total
7 276
5 014
33 964
-
Employer
24 670
19 673
78 766
-
chamber of commerce
98
79
315
-
health
932
744
2 180
-
pensions
3 096
2 469
7 238
-
accident
320
256
749
-
unemployment
740
590
1 730
-
surtax
97
97
97
-
payroll
740
590
2 363
-
other
1 172
934
3 562
-
total
7 195
5 759
18 234
-
Corporate
65 133
71 568
76 893
-
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.

16 283
17 892
19 223
-
total
16 283
17 892
19 223
-
Dividends
48 850
53 676
-
-
withholding
13 434
14 761
-
-
total
13 434
14 761
-
-
Income
97 000
97 000
97 000
97 000
Total tax
44 188
43 426
71 421
47 187
After tax
52 812
53 574
25 579
49 813
Living cost
17 394
17 394
17 394
17 394
Free-cash
35 418
36 180
8 185
32 419

Estimated living cost  is ₴17394 per week

₴11601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1484
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.
₴4024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36016
₴15590
₴24120
₴28826
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
5 081
social contributions
-
-
-
12 307
national
-
-
-
37 493
total
-
-
-
54 881
Employee

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

35 311
-
75 129
-
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.

307
-
654
-
communal

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

1 842
-
3 919
-
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.

2 648
-
5 635
-
national
10 856
-
27 801
-
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.

1 659
-
3 531
-
total
17 312
-
41 540
-
Employer

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

35 311
-
75 129
-
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.

2 171
-
4 621
-
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.

3 129
-
6 657
-
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.

459
-
977
-
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.

515
-
1 097
-
surtax
4 004
-
8 519
-
total
10 278
-
21 871
-
Corporate
51 411
97 000
-
-
income
10 282
19 699
-
-
surtax
206
394
-
-
total
10 488
20 093
-
-
Dividends
40 922
76 907
-
-
withholding

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

12 097
22 892
-
-
total
12 097
22 892
-
-
Income
97 000
97 000
97 000
97 000
Total tax
50 175
42 985
63 411
54 881
After tax
46 825
54 015
33 589
42 119
Living cost
17 999
17 999
17 999
17 999
Free-cash
28 826
36 016
15 590
24 120

Estimated living cost  is ₴17999 per week

₴11594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46708
₴34425
₴36496
₴43326
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
28 950
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
42 676
Employee
24 573
-
82 413
-
other
24
-
46
-
unemployment
381
-
709
-
pensions
1 155
-
2 151
-
income
5 185
-
27 255
-
total
6 745
-
30 161
-
Employer
24 573
-
82 413
-
pensions
5 799
-
10 798
-
accident
486
-
906
-
unemployment
1 352
-
2 516
-
other
196
-
366
-
total
7 833
-
14 586
-
Corporate
64 595
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.

9 689
14 550
-
-
total
9 689
14 550
-
-
Dividends
54 906
82 450
-
-
withholding
11 579
17 914
-
-
total
11 579
17 914
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 846
32 464
44 747
42 676
After tax
61 154
64 536
52 253
54 324
Living cost
17 828
17 828
17 828
17 828
Free-cash
43 326
46 708
34 425
36 496

Estimated living cost  is ₴17828 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1265
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.
₴3178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29168
₴23874
₴20006
₴22548
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
6 130
accident
-
-
-
818
income
-
-
-
17 056
surtax
-
-
-
4 809
health
-
-
-
6 815
pensions
-
-
-
14 539
total
-
-
-
50 167
Employee
37 383
-
86 647
-
pensions
2 990
-
6 931
-
surtax
2 291
-
5 310
-
income
3 611
-
19 849
-
health
1 664
-
3 856
-
total
10 556
-
35 946
-
Employer
37 383
-
86 647
-
health
1 140
-
2 643
-
pensions
2 990
-
6 931
-
accident
336
-
779
-
total
4 466
-
10 353
-
Corporate
55 150
97 000
-
-
communal
3 723
6 547
-
-
income
8 273
14 550
-
-
surtax
579
1 018
-
-
total
12 575
22 115
-
-
Dividends
42 575
74 884
-
-
income
13 642
7 657
-
-
withholding
6 386
11 233
-
-
total
20 028
18 890
-
-
Income
97 000
97 000
97 000
97 000
Total tax
47 625
41 005
46 299
50 167
After tax
49 375
55 995
50 701
46 833
Living cost
26 827
26 827
26 827
26 827
Free-cash
22 548
29 168
23 874
20 006

Estimated living cost  is ₴26827 per week

₴20124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49925
₴31663
₴34682
₴48357
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
28 633
other
-
-
-
-
surtax
-
-
-
4 631
unemployment
-
-
-
112
health
-
-
-
4 677
pensions
-
-
-
13 177
total
-
-
-
51 230
Employee
16 624
-
83 132
-
other
-
-
-
-
unemployment
1 157
-
4 586
-
pensions
1 109
-
4 394
-
surtax
59
-
4 041
-
income
2 787
-
25 680
-
health
424
-
1 680
-
total
5 536
-
40 381
-
Employer
16 624
-
83 132
-
health
756
-
2 998
-
pensions
2 216
-
8 782
-
unemployment
527
-
2 088
-
other
-
-
-
-
total
3 499
-
13 868
-
Corporate
76 876
97 000
-
-
income
19 987
25 220
-
-
total
19 987
25 220
-
-
Dividends
56 889
71 780
-
-
withholding
8 533
10 767
-
-
total
8 533
10 767
-
-
Income
97 000
97 000
97 000
97 000
Total tax
37 555
35 987
54 249
51 230
After tax
59 445
61 013
42 751
45 770
Living cost
11 088
11 088
11 088
11 088
Free-cash
48 357
49 925
31 663
34 682

Estimated living cost  is ₴11088 per week

₴6694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴964
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.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37687
₴27986
₴32262
₴36592
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
social contributions
-
-
-
24 707
regional
-
-
-
1 467
municipal
-
-
-
578
national
-
-
-
24 688
total
-
-
-
51 440
Employee
27 383
-
97 000
-
municipal
145
-
517
-
national
4 338
-
21 496
-
regional
369
-
1 312
-
social contributions
9 234
-
32 391
-
total
14 086
-
55 716
-
Employer
27 383
-
97 000
-
total
-
-
-
-
Corporate
69 617
97 000
-
-
municipal
3 460
4 821
-
-
nationa
16 708
23 280
-
-
total
20 168
28 101
-
-
Dividends
49 450
68 899
-
-
withholding
12 856
17 914
-
-
total
12 856
17 914
-
-
Income
97 000
97 000
97 000
97 000
Total tax
47 110
46 015
55 716
51 440
After tax
49 890
50 985
41 284
45 560
Living cost
13 298
13 298
13 298
13 298
Free-cash
36 592
37 687
27 986
32 262

Estimated living cost  is ₴13298 per week

₴8270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
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.
₴3453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51669
₴36739
₴40793
₴46275
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
9 938
social contributions
-
-
-
17 652
solidarity contribution
-
-
-
406
health
-
-
-
13 095
total
-
-
-
41 091
Employee
22 230
-
75 126
-
solidarity contribution
-
-
42
-
social contributions
1 445
-
3 929
-
income
2 668
-
9 158
-
health
3 001
-
10 142
-
total
7 114
-
23 271
-
Employer
22 230
-
75 126
-
health
2 001
-
6 761
-
social contributions
5 558
-
15 113
-
total
7 559
-
21 874
-
Corporate
67 212
97 000
-
-
income
12 770
18 430
-
-
total
12 770
18 430
-
-
Dividends
54 442
78 570
-
-
withholding
8 166
11 785
-
-
total
8 166
11 785
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 609
30 215
45 145
41 091
After tax
61 391
66 785
51 855
55 909
Living cost
15 116
15 116
15 116
15 116
Free-cash
46 275
51 669
36 739
40 793

Estimated living cost  is ₴15116 per week

₴11242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
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.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37878
₴9855
₴34161
₴37636
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
28 594
surtax
-
-
-
-
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
388
health
-
-
-
4 411
pensions
-
-
-
10 669
total
-
-
-
47 090
Employee
21 579
19 673
78 856
-
other
215
197
577
-
unemployment
647
590
1 730
-
pensions
2 210
2 014
5 906
-
income
1 922
1 451
23 564
-
health
835
762
2 231
-
total
5 829
5 014
34 008
-
Employer
21 579
19 673
78 856
-
chamber of commerce
86
79
316
-
health
816
744
2 180
-
pensions
2 708
2 469
7 238
-
accident
280
256
749
-
unemployment
647
590
1 730
-
surtax
-
-
-
-
payroll
647
590
2 365
-
other
1 025
934
3 565
-
total
6 209
5 662
18 143
-
Corporate
69 211
71 665
76 983
-
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.

17 302
17 916
19 245
-
total
17 302
17 916
19 245
-
Dividends
51 909
53 749
-
-
withholding
14 275
14 781
-
-
total
14 275
14 781
-
-
Income
97 000
97 000
97 000
97 000
Total tax
43 615
43 373
71 396
47 090
After tax
53 385
53 627
25 604
49 910
Living cost
15 749
15 749
15 749
15 749
Free-cash
37 636
37 878
9 855
34 161

Estimated living cost  is ₴15749 per week

₴9448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4412
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴85924
₴71374
₴89804
₴84756
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 782
-
97 000
-
income
1 557
-
19 400
-
total
1 557
-
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%.

89 218
97 000
-
-
total
-
-
-
-
Dividends
89 218
97 000
-
-
withholding
4 461
4 850
-
-
total
4 461
4 850
-
-
Income
97 000
97 000
97 000
97 000
Total tax
6 018
4 850
19 400
970
After tax
90 982
92 150
77 600
96 030
Living cost
6 226
6 226
6 226
6 226
Free-cash
84 756
85 924
71 374
89 804

Estimated living cost  is ₴6226 per week

₴4213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53543
₴31055
₴33276
₴49413
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
23 078
unemployment
-
-
-
145
health
-
-
-
9 545
pensions
-
-
-
17 715
total
-
-
-
50 483
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.

21 829
-
83 932
-
unemployment
31
-
117
-
pensions
3 384
-
13 009
-
income
3 764
-
21 087
-
health
1 410
-
5 422
-
total
8 589
-
39 635
-
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.

21 829
-
83 932
-
health
1 454
-
5 590
-
pensions
1 932
-
7 428
-
unemployment
13
-
51
-
total
3 399
-
13 069
-
Corporate
71 772
97 000
-
-
income
13 637
18 430
-
-
total
13 637
18 430
-
-
Dividends
58 135
78 570
-
-
withholding
8 721
11 786
-
-
total
8 721
11 786
-
-
Income
97 000
97 000
97 000
97 000
Total tax
34 346
30 216
52 704
50 483
After tax
62 654
66 784
44 296
46 517
Living cost
13 241
13 241
13 241
13 241
Free-cash
49 413
53 543
31 055
33 276

Estimated living cost  is ₴13241 per week

₴9087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
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.
₴3049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37417
₴68817
₴45437
₴13608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
18 907
social contributions
-
-
-
11 058
total
-
-
-
29 965
Employee
30 968
-
-
-
social contributions
2 539
-
362
-
income
6 831
-
-
-
total
9 370
-
362
-
Employer
30 968
-
-
-
social contributions
43 665
-
6 223
-
total
43 665
-
6 223
-
Corporate
22 366
97 000
-
-
income
4 921
21 340
-
-
total
4 921
21 340
-
-
Dividends
17 446
75 660
-
-
income
3 838
16 645
-
-
total
3 838
16 645
-
-
Income
97 000
97 000
97 000
97 000
Total tax
61 794
37 985
6 585
29 965
After tax
35 206
59 015
90 415
67 035
Living cost
21 598
21 598
21 598
21 598
Free-cash
13 608
37 417
68 817
45 437

Estimated living cost  is ₴21598 per week

₴14014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
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.
₴5278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39690
₴28465
₴35819
₴39193
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
11 989
surtax
-
-
-
-
social contributions

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

-
-
-
33 708
total
-
-
-
45 697
Employee
22 704
-
78 384
-
surtax
-
-
-
-
social contributions
2 497
-
8 622
-
income
4 722
-
25 813
-
total
7 219
-
34 435
-
Employer
22 704
-
78 384
-
social contributions
5 392
-
18 616
-
total
5 392
-
18 616
-
Corporate
68 904
97 000
-
-
income
14 470
20 370
-
-
surtax
-
-
-
-
total
14 470
20 370
-
-
Dividends
54 434
76 630
-
-
withholding
15 242
21 456
-
-
total
15 242
21 456
-
-
Income
97 000
97 000
97 000
97 000
Total tax
42 323
41 826
53 051
45 697
After tax
54 677
55 174
43 949
51 303
Living cost
15 484
15 484
15 484
15 484
Free-cash
39 193
39 690
28 465
35 819

Estimated living cost  is ₴15484 per week

₴11585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴913
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.
₴2727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25045
₴28324
₴30454
₴28438
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
16 178
other
-
-
-
3 007
surtax
-
-
-
-
social contributions
-
-
-
2 764
health
-
-
-
4 415
pensions
-
-
-
16 339
total
-
-
-
42 703
Employee
30 918
-
74 602
-
pensions
3 497
-
5 382
-
surtax
-
-
-
-
social contributions
881
-
2 126
-
income
2 698
-
14 928
-
total
7 076
-
22 436
-
Employer
30 918
-
74 602
-
health
2 164
-
7 133
-
pensions
5 080
-
9 026
-
unemployment
1 252
-
3 021
-
social contributions
93
-
224
-
other
1 067
-
2 993
-
total
9 656
-
22 397
-
Corporate
56 426
97 000
-
-
income
15 799
27 160
-
-
surtax
-
-
-
-
total
15 799
27 160
-
-
Dividends
40 627
69 840
-
-
surtax
-
-
-
-
social contributions
6 988
12 012
-
-
withholding
5 200
8 940
-
-
total
12 188
20 952
-
-
Income
97 000
97 000
97 000
97 000
Total tax
44 719
48 112
44 833
42 703
After tax
52 281
48 888
52 167
54 297
Living cost
23 842
23 842
23 842
23 842
Free-cash
28 438
25 045
28 324
30 454

Estimated living cost  is ₴23842 per week

₴16136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴72461
₴58831
₴56252
₴70803
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
4 569
social contributions
-
-
-
21 340
total
-
-
-
25 909
Employee
15 870
-
83 982
-
income
-
-
4 854
-
social contributions
1 031
-
5 459
-
total
1 031
-
10 313
-
Employer
15 870
-
83 982
-
social contributions
2 460
-
13 017
-
total
2 460
-
13 017
-
Corporate
78 670
97 000
-
-
income
7 867
9 700
-
-
total
7 867
9 700
-
-
Dividends
70 803
87 300
-
-
total
-
-
-
-
Income
97 000
97 000
97 000
97 000
Total tax
11 358
9 700
23 330
25 909
After tax
85 642
87 300
73 670
71 091
Living cost
14 839
14 839
14 839
14 839
Free-cash
70 803
72 461
58 831
56 252

Estimated living cost  is ₴14839 per week

₴9595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1119
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10505
-₴10505
₴32862
-₴10505
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
labour market
-
-
-
7 726
municipal
-
-
-
20 505
national
-
-
-
11 716
pensions
-
-
-
428
total
-
-
-
40 375
Employee
100 298
100 298
100 298
-
municipal
21 358
21 358
21 358
-
labour market
8 012
8 012
8 012
-
pensions
143
143
143
-
national
12 253
12 253
12 253
-
total
41 766
41 766
41 766
-
Employer
100 298
100 298
100 298
-
national
12 275
12 275
12 275
-
labour market
8 024
8 024
8 024
-
pensions
285
285
285
-
municipal
21 392
21 392
21 392
-
total
41 976
41 976
41 976
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
97 000
97 000
97 000
97 000
Total tax
83 742
83 742
83 742
40 375
After tax
13 258
13 258
13 258
56 625
Living cost
23 763
23 763
23 763
23 763
Free-cash
-10 505
-10 505
-10 505
32 862

Estimated living cost  is ₴23763 per week

₴16264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2102
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2975
₴42171
₴55446
₴6195
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
27 242
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
30 722
Employee
17 040
-
87 874
-
pensions
1 919
-
3 813
-
income
2 338
-
20 996
-
health
1 951
-
10 061
-
total
6 208
-
34 870
-
Employer
17 040
-
87 874
-
pensions
2 771
-
5 506
-
accident
285
-
1 468
-
unemployment
418
-
2 153
-
total
3 474
-
9 127
-
Corporate
76 487
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.

68 838
87 300
-
-
total
68 838
87 300
-
-
Dividends
7 649
9 700
-
-
withholding
1 453
1 843
-
-
total
1 453
1 843
-
-
Income
97 000
97 000
97 000
97 000
Total tax
79 973
89 143
43 997
30 722
After tax
17 027
7 857
53 003
66 278
Living cost
10 832
10 832
10 832
10 832
Free-cash
6 195
-2 975
42 171
55 446

Estimated living cost  is ₴10832 per week

₴7885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41206
₴31041
₴42152
₴42686
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
97 000
health
-
-
-
1 288
municipal
-
-
-
17 228
national
-
-
-
17 380
total
-
-
-
35 896
Employee
25 972
-
81 602
-
municipal
4 254
-
13 287
-
unemployment
390
-
1 224
-
pensions
1 753
-
5 508
-
national
429
-
10 538
-
health
194
-
1 051
-
total
7 020
-
31 608
-
Employer
25 972
-
81 602
-
health
200
-
629
-
pensions
4 506
-
14 158
-
accident
26
-
82
-
unemployment
169
-
530
-
total
4 901
-
15 399
-
Corporate
66 128
97 000
-
-
income
13 226
19 400
-
-
total
13 226
19 400
-
-
Dividends

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

39 677
58 200
-
-
municipal
7 142
10 476
-
-
national
3 073
6 966
-
-
total
10 215
17 442
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 362
36 842
47 007
35 896
After tax
61 638
60 158
49 993
61 104
Living cost
18 952
18 952
18 952
18 952
Free-cash
42 686
41 206
31 041
42 152

Estimated living cost  is ₴18952 per week

₴12380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1823
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.
₴4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59301
₴53542
₴54368
₴56615
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
20 743
social contributions
-
-
-
7 987
health
-
-
-
2 473
total
-
-
-
31 203
Employee
37 959
37 959
91 066
-
social contributions
1 435
3 150
4 249
-
income
4 133
3 514
20 298
-
health
294
645
1 549
-
total
5 862
7 309
26 096
-
Employer
37 959
37 959
91 066
-
health
319
703
1 684
-
social contributions
1 435
3 150
4 249
-
total
1 754
3 853
5 933
-
Corporate
77 954
55 188
-
-
income
9 744
6 899
-
-
total
9 744
6 899
-
-
Dividends
68 209
48 289
-
-
withholding
11 596
8 209
-
-
total
11 596
8 209
-
-
Income
97 000
97 000
97 000
97 000
Total tax
28 956
26 270
32 029
31 203
After tax
68 044
70 730
64 971
65 797
Living cost
11 429
11 429
11 429
11 429
Free-cash
56 615
59 301
53 542
54 368

Estimated living cost  is ₴11429 per week

₴6850
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.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴72488
₴64369
₴74269
₴69977
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 953
unemployment
-
-
-
14
health
-
-
-
1 786
pensions
-
-
-
3 140
total
-
-
-
14 893
Employee

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

11 331
-
92 176
-
unemployment
56
-
234
-
pensions
1 699
-
7 026
-
income
775
-
8 728
-
health
963
-
3 981
-
total
3 493
-
19 969
-
Employer

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

11 331
-
92 176
-
health
487
-
2 014
-
pensions
623
-
2 576
-
unemployment
56
-
234
-
total
1 166
-
4 824
-
Corporate
84 503
97 000
-
-
income
7 605
8 730
-
-
total
7 605
8 730
-
-
Dividends
76 898
88 270
-
-
withholding
6 921
7 944
-
-
total
6 921
7 944
-
-
Income
97 000
97 000
97 000
97 000
Total tax
19 185
16 674
24 793
14 893
After tax
77 815
80 326
72 207
82 107
Living cost
7 838
7 838
7 838
7 838
Free-cash
69 977
72 488
64 369
74 269

Estimated living cost  is ₴7838 per week

₴5001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴565
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50961
₴38678
₴40749
₴48781
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
28 950
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
42 676
Employee
18 253
-
82 413
-
other
18
-
46
-
unemployment
283
-
709
-
pensions
858
-
2 151
-
income
3 519
-
27 255
-
total
4 678
-
30 161
-
Employer
18 253
-
82 413
-
pensions
4 307
-
10 798
-
accident
362
-
906
-
unemployment
1 004
-
2 516
-
other
146
-
366
-
total
5 819
-
14 586
-
Corporate
72 928
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.

10 939
14 550
-
-
total
10 939
14 550
-
-
Dividends
61 989
82 450
-
-
withholding
13 208
17 914
-
-
total
13 208
17 914
-
-
Income
97 000
97 000
97 000
97 000
Total tax
34 644
32 464
44 747
42 676
After tax
62 356
64 536
52 253
54 324
Living cost
13 575
13 575
13 575
13 575
Free-cash
48 781
50 961
38 678
40 749

Estimated living cost  is ₴13575 per week

₴9163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴59567
₴61456
₴61525
₴59410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
33 305
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
34 514
Employee
1 464
-
96 211
-
unemployment
15
-
35
-
pensions
132
-
316
-
income
283
-
33 268
-
health
73
-
175
-
total
503
-
33 794
-
Employer
1 464
-
96 211
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
95 206
97 000
-
-
income
20 945
21 340
-
-
total
20 945
21 340
-
-
Dividends
74 261
75 660
-
-
withholding
14 852
15 132
-
-
total
14 852
15 132
-
-
Income
97 000
97 000
97 000
97 000
Total tax
36 629
36 472
34 583
34 514
After tax
60 371
60 528
62 417
62 486
Living cost
961
961
961
961
Free-cash
59 410
59 567
61 456
61 525

Estimated living cost  is ₴961 per week

₴571
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.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61545
₴52484
₴52485
₴59117
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
22 188
unemployment
-
-
-
547
health
-
-
-
3 758
pensions
-
-
-
9 485
total
-
-
-
35 978
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.

12 873
-
90 470
-
unemployment
97
-
274
-
pensions
1 802
-
5 107
-
income
1 774
-
22 188
-
health
663
-
1 879
-
total
4 336
-
29 448
-
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.

12 873
-
90 470
-
health
663
-
1 879
-
pensions
1 545
-
4 378
-
unemployment
97
-
274
-
total
2 305
-
6 531
-
Corporate
81 823
97 000
-
-
income
12 273
14 550
-
-
total
12 273
14 550
-
-
Dividends
69 549
82 450
-
-
withholding
10 432
12 368
-
-
total
10 432
12 368
-
-
Income
97 000
97 000
97 000
97 000
Total tax
29 346
26 918
35 979
35 978
After tax
67 654
70 082
61 021
61 022
Living cost
8 537
8 537
8 537
8 537
Free-cash
59 117
61 545
52 484
52 485

Estimated living cost  is ₴8537 per week

₴5748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴660
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41866
₴30641
₴37995
₴41687
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
11 989
surtax
-
-
-
-
social contributions

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

-
-
-
33 708
total
-
-
-
45 697
Employee
19 160
-
78 384
-
surtax
-
-
-
-
social contributions
2 108
-
8 622
-
income
3 744
-
25 813
-
total
5 852
-
34 435
-
Employer
19 160
-
78 384
-
social contributions
4 550
-
18 616
-
total
4 550
-
18 616
-
Corporate
73 290
97 000
-
-
income
15 391
20 370
-
-
surtax
-
-
-
-
total
15 391
20 370
-
-
Dividends
57 899
76 630
-
-
withholding
16 212
21 456
-
-
total
16 212
21 456
-
-
Income
97 000
97 000
97 000
97 000
Total tax
42 005
41 826
53 051
45 697
After tax
54 995
55 174
43 949
51 303
Living cost
13 308
13 308
13 308
13 308
Free-cash
41 687
41 866
30 641
37 995

Estimated living cost  is ₴13308 per week

₴9426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴925
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47187
₴34904
₴36975
₴43959
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
28 950
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
42 676
Employee
23 841
-
82 413
-
other
23
-
46
-
unemployment
369
-
709
-
pensions
1 120
-
2 151
-
income
4 979
-
27 255
-
total
6 491
-
30 161
-
Employer
23 841
-
82 413
-
pensions
5 626
-
10 798
-
accident
472
-
906
-
unemployment
1 312
-
2 516
-
other
191
-
366
-
total
7 601
-
14 586
-
Corporate
65 558
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.

9 833
14 550
-
-
total
9 833
14 550
-
-
Dividends
55 725
82 450
-
-
withholding
11 767
17 914
-
-
total
11 767
17 914
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 692
32 464
44 747
42 676
After tax
61 308
64 536
52 253
54 324
Living cost
17 349
17 349
17 349
17 349
Free-cash
43 959
47 187
34 904
36 975

Estimated living cost  is ₴17349 per week

₴12459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1349
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.
₴3297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴74431
₴73247
₴69336
₴71417
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
14 550
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
19 160
Employee
11 260
-
93 612
-
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.

989
-
1 516
-
income
1 126
-
9 361
-
health
518
-
794
-
total
2 757
-
11 861
-
Employer
11 260
-
93 612
-
health
777
-
1 191
-
pensions

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

1 241
-
1 903
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 210
-
3 388
-
Corporate
83 531
97 000
-
-
income
8 353
9 700
-
-
total
8 353
9 700
-
-
Dividends
75 178
87 300
-
-
withholding
3 759
4 365
-
-
total
3 759
4 365
-
-
Income
97 000
97 000
97 000
97 000
Total tax
17 079
14 065
15 249
19 160
After tax
79 921
82 935
81 751
77 840
Living cost
8 504
8 504
8 504
8 504
Free-cash
71 417
74 431
73 247
69 336

Estimated living cost  is ₴8504 per week

₴5624
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.
₴2190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30846
₴41761
₴31135
₴37304
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
31 098
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.

-
-
-
1 711
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.

-
-
-
3 372
trade
-
-
-
10 626
total
-
-
-
46 807
Employee

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

24 562
-
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.

111
-
1 711
-
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.

2 020
-
31 098
-
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.

3 372
-
3 372
-
total
5 503
-
36 181
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
72 438
97 000
-
-
income
10 866
14 550
-
-
surtax

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

598
800
-
-
chamber of commerce
181
217
-
-
trade
10 395
13 920
-
-
total
22 040
29 487
-
-
Dividends
50 399
67 513
-
-
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.

683
918
-
-
withholding
12 412
16 691
-
-
total
13 095
17 609
-
-
Income
97 000
97 000
97 000
97 000
Total tax
40 638
47 096
36 181
46 807
After tax
56 362
49 904
60 819
50 193
Living cost
19 058
19 058
19 058
19 058
Free-cash
37 304
30 846
41 761
31 135

Estimated living cost  is ₴19058 per week

₴13147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39780
₴21824
₴21824
₴40869
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
30 640
social contributions
-
-
-
16 416
total
-
-
-
47 056
Employee
38 614
-
97 000
-
income
7 286
-
30 640
-
social contributions
3 208
-
16 416
-
total
10 494
-
47 056
-
Employer
38 614
-
97 000
-
total
-
-
-
-
Corporate
58 386
97 000
-
-
income
7 299
12 125
-
-
total
7 299
12 125
-
-
Dividends
51 087
84 875
-
-
withholding
10 218
16 975
-
-
total
10 218
16 975
-
-
Income
97 000
97 000
97 000
97 000
Total tax
28 011
29 100
47 056
47 056
After tax
68 989
67 900
49 944
49 944
Living cost
28 120
28 120
28 120
28 120
Free-cash
40 869
39 780
21 824
21 824

Estimated living cost  is ₴28120 per week

₴21393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42522
₴50435
₴61547
₴44247
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
97 000
income
-
-
-
14 550
health

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

-
-
-
2 983
total
-
-
-
17 533
Employee
22 646
-
94 729
-
income
2 457
-
24 103
-
social contributions
2 269
-
2 271
-
total
4 726
-
26 374
-
Employer
22 646
-
94 729
-
social contributions
2 269
-
2 271
-
total
2 269
-
2 271
-
Corporate
72 085
97 000
-
-
income
25 230
33 950
-
-
total
25 230
33 950
-
-
Dividends
46 856
63 050
-
-
social contributions
2 608
2 608
-
-
total
2 608
2 608
-
-
Income
97 000
97 000
97 000
97 000
Total tax
34 833
36 558
28 645
17 533
After tax
62 167
60 442
68 355
79 467
Living cost
17 920
17 920
17 920
17 920
Free-cash
44 247
42 522
50 435
61 547

Estimated living cost  is ₴17920 per week

₴11804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44130
₴36583
₴45303
₴47036
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
28 844
pensions
-
-
-
4 627
total
-
-
-
33 471
Employee
25 018
-
84 638
-
pensions
1 909
-
5 613
-
income
4 556
-
23 030
-
health
326
-
1 186
-
total
6 791
-
29 829
-
Employer
25 018
-
84 638
-
health
475
-
1 608
-
pensions
2 528
-
10 754
-
total
3 003
-
12 362
-
Corporate
68 979
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.

13 106
18 430
-
-
total
13 106
18 430
-
-
Dividends
55 873
78 570
-
-
withholding
8 838
16 214
-
-
total
8 838
16 214
-
-
Income
97 000
97 000
97 000
97 000
Total tax
31 738
34 644
42 191
33 471
After tax
65 262
62 356
54 809
63 529
Living cost
18 226
18 226
18 226
18 226
Free-cash
47 036
44 130
36 583
45 303

Estimated living cost  is ₴18226 per week

₴12503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
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.
₴3818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4048
₴41098
₴54373
₴6030
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
27 242
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
30 722
Employee
18 727
-
87 874
-
pensions
2 109
-
3 813
-
income
2 569
-
20 996
-
health
2 144
-
10 061
-
total
6 822
-
34 870
-
Employer
18 727
-
87 874
-
pensions
3 045
-
5 506
-
accident
313
-
1 468
-
unemployment
459
-
2 153
-
total
3 817
-
9 127
-
Corporate
74 457
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.

67 011
87 300
-
-
total
67 011
87 300
-
-
Dividends
7 446
9 700
-
-
withholding
1 415
1 843
-
-
total
1 415
1 843
-
-
Income
97 000
97 000
97 000
97 000
Total tax
79 065
89 143
43 997
30 722
After tax
17 935
7 857
53 003
66 278
Living cost
11 905
11 905
11 905
11 905
Free-cash
6 030
-4 048
41 098
54 373

Estimated living cost  is ₴11905 per week

₴8737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴694
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.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
Skopje , Macedonia
₴67535
₴63327
₴52469
₴72645
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
97 000
income
-
-
-
16 145
unemployment
-
-
-
948
work injury
-
-
-
395
health insurance
-
-
-
5 843
pensions
-
-
-
14 530
total
-
-
-
37 861
Employee

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

10 671
-
97 000
-
health insurance
790
-
2 922
-
unemployment
128
-
474
-
work injury
53
-
197
-
pensions
1 964
-
7 265
-
income
1 067
-
16 145
-
total
4 002
-
27 003
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
86 329
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
85 465
87 300
-
-
withholding
12 820
13 095
-
-
total
12 820
13 095
-
-
Income
97 000
97 000
97 000
97 000
Total tax
17 685
22 795
27 003
37 861
After tax
79 315
74 205
69 997
59 139
Living cost
6 670
6 670
6 670
6 670
Free-cash
72 645
67 535
63 327
52 469

Estimated living cost  is ₴6670 per week

₴4132
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.
₴1845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31426
₴20873
₴25046
₴29180
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
social contributions
-
-
-
24 707
regional
-
-
-
2 242
municipal
-
-
-
651
national
-
-
-
24 688
total
-
-
-
52 288
Employee
41 598
-
97 000
-
municipal
248
-
582
-
national
7 030
-
21 496
-
regional
628
-
1 992
-
social contributions
14 027
-
32 391
-
total
21 933
-
56 461
-
Employer
41 598
-
97 000
-
total
-
-
-
-
Corporate
55 402
97 000
-
-
municipal
2 671
4 676
-
-
nationa
13 297
23 280
-
-
total
15 968
27 956
-
-
Dividends
39 435
69 044
-
-
withholding
10 253
17 952
-
-
total
10 253
17 952
-
-
Income
97 000
97 000
97 000
97 000
Total tax
48 154
45 908
56 461
52 288
After tax
48 846
51 092
40 539
44 712
Living cost
19 666
19 666
19 666
19 666
Free-cash
29 180
31 426
20 873
25 046

Estimated living cost  is ₴19666 per week

₴13814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close