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
₴35914
₴40652
₴34805
₴46946
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
97 000
trade
-
-
-
12 141
income

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

-
-
-
32 374
health

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

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

-
-
-
2 926
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.

-
-
-
1 781
total
-
-
-
49 222
Employee

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

16 382
-
97 000
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
1 781
-
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.

458
-
32 374
-
total
3 409
-
37 081
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
80 618
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.

665
801
-
-
income
12 093
14 550
-
-
trade
12 697
15 278
-
-
chamber of commerce
181
204
-
-
total
25 636
30 833
-
-
Dividends
54 982
66 168
-
-
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.

747
901
-
-
withholding
13 583
16 379
-
-
total
14 330
17 280
-
-
Income
97 000
97 000
97 000
97 000
Total tax
43 375
48 113
37 081
49 222
After tax
53 625
48 887
59 919
47 778
Living cost
12 973
12 973
12 973
12 973
Free-cash
40 652
35 914
46 946
34 805

Estimated living cost  is ₴12973 per week

₴8161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38885
₴38524
₴33544
₴34067
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
municipal
-
-
-
10 781
pensions
-
-
-
11 640
national
-
-
-
18 349
social contributions
-
-
-
1 043
total
-
-
-
41 813
Employee
33 550
-
83 856
-
municipal
4 144
-
11 156
-
pensions
1 342
-
3 354
-
national
6 422
-
19 171
-
total
11 908
-
33 681
-
Employer
33 550
-
83 856
-
social contributions
361
-
901
-
pensions
2 684
-
6 708
-
total
3 045
-
7 609
-
Corporate
58 191
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%.

11 638
19 400
-
-
total
11 638
19 400
-
-
Dividends
46 552
77 600
-
-
withholding
10 242
17 072
-
-
total
10 242
17 072
-
-
Income
97 000
97 000
97 000
97 000
Total tax
36 833
36 472
41 290
41 813
After tax
60 167
60 528
55 710
55 187
Living cost
21 643
21 643
21 643
21 643
Free-cash
38 524
38 885
34 067
33 544

Estimated living cost  is ₴21643 per week

₴14710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68689
₴65175
₴26414
₴33295
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
microenterprise
-
-
-
-
income
-
-
-
20 529
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.

-
-
-
16 411
total
-
-
-
61 675
Employee
12 516
-
76 309
-
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.

1 377
-
5 615
-
surtax
-
-
11 065
-
income
2 228
-
17 423
-
total
3 605
-
34 103
-
Employer
12 516
-
76 309
-
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.

3 015
-
12 297
-
surtax
-
-
8 394
-
total
3 015
-
20 691
-
Corporate
81 470
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%.

16 294
19 400
-
-
total
16 294
19 400
-
-
Dividends

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

65 176
77 600
-
-
total
-
-
-
-
Income
97 000
97 000
97 000
97 000
Total tax
22 914
19 400
54 794
61 675
After tax
74 086
77 600
42 206
35 325
Living cost
8 911
8 911
8 911
8 911
Free-cash
65 175
68 689
33 295
26 414

Estimated living cost  is ₴8911 per week

₴5685
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.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30403
₴27778
₴34110
₴44093
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
34 647
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
44 947
Employee
36 577
36 577
89 040
-
health
5 614
4 775
5 282
-
income

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

5 987
5 987
16 705
-
pensions
6 584
5 018
5 018
-
total
18 185
15 780
27 005
-
Employer
36 577
36 577
89 040
-
unemployment
1 317
1 317
1 636
-
pensions
2 546
2 546
3 164
-
health
2 542
2 542
3 159
-
total
6 405
6 405
7 959
-
Corporate
54 467
54 018
-
-
income
10 893
10 804
-
-
total
10 893
10 804
-
-
Dividends
43 574
43 215
-
-
income
9 260
9 183
-
-
withholding
6 536
6 482
-
-
total
15 796
15 665
-
-
Income
97 000
97 000
97 000
97 000
Total tax
51 279
48 654
34 964
44 947
After tax
45 721
48 346
62 036
52 053
Living cost
17 943
17 943
17 943
17 943
Free-cash
27 778
30 403
44 093
34 110

Estimated living cost  is ₴17943 per week

₴12716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36413
₴36042
₴31782
₴31380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
municipal
-
-
-
25 792
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 215
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
12 369
total
-
-
-
48 669
Employee
23 581
-
85 604
-
municipal
7 032
-
25 527
-
national
-
-
12 147
-
total
7 032
-
37 674
-
Employer
23 581
-
85 604
-
accident
47
-
73
-
other
2 740
-
4 215
-
unemployment
623
-
957
-
pensions
2 549
-
3 921
-
health
1 450
-
2 231
-
total
7 409
-
11 397
-
Corporate
66 010
97 000
-
-
income
14 522
21 340
-
-
total
14 522
21 340
-
-
Dividends
51 488
75 660
-
-
withholding
15 446
22 698
-
-
total
15 446
22 698
-
-
Income
97 000
97 000
97 000
97 000
Total tax
44 409
44 038
49 071
48 669
After tax
52 591
52 962
47 929
48 331
Living cost
16 549
16 549
16 549
16 549
Free-cash
36 042
36 413
31 380
31 782

Estimated living cost  is ₴16549 per week

₴10968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31562
₴37582
₴30412
₴43093
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
97 000
trade
-
-
-
12 681
income

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

-
-
-
32 374
health

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

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

-
-
-
2 926
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.

-
-
-
1 781
total
-
-
-
49 762
Employee

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

21 721
-
97 000
-
health

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

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

2 926
-
2 926
-
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.

102
-
1 781
-
income

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

1 866
-
32 374
-
total
4 894
-
37 081
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
75 279
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.

621
801
-
-
income
11 292
14 550
-
-
trade
12 383
15 956
-
-
chamber of commerce
172
203
-
-
total
24 468
31 510
-
-
Dividends
50 811
65 490
-
-
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.

690
892
-
-
withholding
12 540
16 210
-
-
total
13 230
17 102
-
-
Income
97 000
97 000
97 000
97 000
Total tax
42 592
48 612
37 081
49 762
After tax
54 408
48 388
59 919
47 238
Living cost
16 826
16 826
16 826
16 826
Free-cash
37 582
31 562
43 093
30 412

Estimated living cost  is ₴16826 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
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.
₴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

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
₴56801
₴55024
₴51329
₴50534
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 376
health
-
-
-
2 473
social contributions
-
-
-
6 930
total
-
-
-
31 779
Employee
32 936
32 936
91 618
-
social contributions
1 600
2 733
3 687
-
health
328
560
1 557
-
income
3 459
3 049
21 948
-
total
5 387
6 342
27 192
-
Employer
32 936
32 936
91 618
-
social contributions
1 600
2 733
3 687
-
health
357
610
1 695
-
total
1 957
3 343
5 382
-
Corporate
75 764
60 721
-
-
income
9 470
7 590
-
-
total
9 470
7 590
-
-
Dividends
66 294
53 131
-
-
withholding
11 270
9 032
-
-
total
11 270
9 032
-
-
Income
97 000
97 000
97 000
97 000
Total tax
28 084
26 307
32 574
31 779
After tax
68 916
70 693
64 426
65 221
Living cost
13 892
13 892
13 892
13 892
Free-cash
55 024
56 801
50 534
51 329

Estimated living cost  is ₴13892 per week

₴9497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
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.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46662
₴46825
₴59415
₴48450
S + D Salary + Dividends

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

Dividends

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

Salary

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

11 234
4 471
81 172
-
health
786
313
5 682
-
income
1 373
547
9 923
-
pensions
1 123
447
8 117
-
unemployment
169
67
1 218
-
total
3 451
1 374
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.

11 234
4 471
81 172
-
pensions
2 191
872
15 828
-
total
2 191
872
15 828
-
Corporate
83 576
91 657
-
-
income
7 522
8 249
-
-
total
7 522
8 249
-
-
Dividends
76 054
83 408
-
-
social contributions
14 779
16 213
-
-
withholding
14 450
15 848
-
-
total
29 229
32 061
-
-
Income
97 000
97 000
97 000
97 000
Total tax
42 393
42 556
40 768
29 803
After tax
54 607
54 444
56 232
67 197
Living cost
7 782
7 782
7 782
7 782
Free-cash
46 825
46 662
48 450
59 415

Estimated living cost  is ₴7782 per week

₴5311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴67255
₴64595
₴41647
₴45563
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
19 400
health
-
-
-
12 610
total
-
-
-
45 008
Employee
12 151
-
72 495
-
income
1 368
-
13 977
-
pensions
243
-
1 450
-
unemployment
194
-
1 160
-
total
1 805
-
16 587
-
Employer
12 151
-
72 495
-
unemployment
98
-
580
-
pensions
2 430
-
14 500
-
health
1 579
-
9 425
-
total
4 107
-
24 505
-
Corporate
80 742
97 000
-
-
income
16 148
19 400
-
-
total
16 148
19 400
-
-
Dividends
64 594
77 600
-
-
total
-
-
-
-
Income
97 000
97 000
97 000
97 000
Total tax
22 060
19 400
41 092
45 008
After tax
74 940
77 600
55 908
51 992
Living cost
10 345
10 345
10 345
10 345
Free-cash
64 595
67 255
45 563
41 647

Estimated living cost  is ₴10345 per week

₴7096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
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.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1511
₴6420
₴56861
₴44094
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
27 804
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
30 771
Employee
14 736
-
88 656
-
health
1 687
-
10 151
-
income
2 022
-
21 795
-
pensions
1 659
-
3 249
-
total
5 368
-
35 195
-
Employer
14 736
-
88 656
-
accident
246
-
1 480
-
unemployment
361
-
2 172
-
pensions
2 396
-
4 691
-
total
3 003
-
8 343
-
Corporate
79 261
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.

71 335
87 300
-
-
total
71 335
87 300
-
-
Dividends
7 926
9 700
-
-
withholding
1 506
1 843
-
-
total
1 506
1 843
-
-
Income
97 000
97 000
97 000
97 000
Total tax
81 212
89 143
43 538
30 771
After tax
15 788
7 857
53 462
66 229
Living cost
9 368
9 368
9 368
9 368
Free-cash
6 420
-1 511
44 094
56 861

Estimated living cost  is ₴9368 per week

₴6866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴88296
₴87574
₴92176
₴73746
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 817
-
97 000
-
income
963
-
19 400
-
total
963
-
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%.

92 183
97 000
-
-
total
-
-
-
-
Dividends
92 183
97 000
-
-
withholding
4 609
4 850
-
-
total
4 609
4 850
-
-
Income
97 000
97 000
97 000
97 000
Total tax
5 572
4 850
19 400
970
After tax
91 428
92 150
77 600
96 030
Living cost
3 854
3 854
3 854
3 854
Free-cash
87 574
88 296
73 746
92 176

Estimated living cost  is ₴3854 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59853
₴56961
₴46955
₴46156
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 040
pensions

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

-
-
-
15 632
other
-
-
-
3 094
health
-
-
-
2 866
total
-
-
-
38 632
Employee
15 552
-
80 464
-
health
218
-
912
-
income
2 677
-
16 773
-
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.

1 088
-
4 559
-
unemployment
155
-
651
-
total
4 138
-
22 895
-
Employer
15 552
-
80 464
-
accident
124
-
644
-
other
778
-
3 256
-
unemployment
155
-
651
-
pensions

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

2 644
-
11 073
-
health
218
-
912
-
total
3 919
-
16 536
-
Corporate
77 529
97 000
-
-
income
16 281
20 370
-
-
total
16 281
20 370
-
-
Dividends
61 247
76 630
-
-
withholding
4 288
5 364
-
-
total
4 288
5 364
-
-
Income
97 000
97 000
97 000
97 000
Total tax
28 626
25 734
39 431
38 632
After tax
68 374
71 266
57 569
58 368
Living cost
11 413
11 413
11 413
11 413
Free-cash
56 961
59 853
46 156
46 955

Estimated living cost  is ₴11413 per week

₴8064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32454
₴35917
₴33979
₴25317
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 984
pensions
-
-
-
4 293
total
-
-
-
34 277
Employee
40 669
-
84 538
-
health
670
-
1 143
-
income
7 331
-
24 209
-
pensions
3 923
-
5 125
-
total
11 924
-
30 477
-
Employer
40 669
-
84 538
-
pensions
4 802
-
10 856
-
health
772
-
1 606
-
total
5 574
-
12 462
-
Corporate
50 757
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.

9 643
18 430
-
-
total
9 643
18 430
-
-
Dividends
41 113
78 570
-
-
withholding
5 198
17 372
-
-
total
5 198
17 372
-
-
Income
97 000
97 000
97 000
97 000
Total tax
32 339
35 802
42 939
34 277
After tax
64 661
61 198
54 061
62 723
Living cost
28 744
28 744
28 744
28 744
Free-cash
35 917
32 454
25 317
33 979

Estimated living cost  is ₴28744 per week

₴21539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
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.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴77316
₴75325
₴72833
₴76869
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
18 548
Employee
7 440
-
94 063
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
9 406
-
pensions

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

653
-
1 314
-
total
1 821
-
11 574
-
Employer
7 440
-
94 063
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
88 100
97 000
-
-
income
8 810
9 700
-
-
total
8 810
9 700
-
-
Dividends
79 290
87 300
-
-
withholding
3 965
4 365
-
-
total
3 965
4 365
-
-
Income
97 000
97 000
97 000
97 000
Total tax
16 056
14 065
14 512
18 548
After tax
80 944
82 935
82 488
78 452
Living cost
5 619
5 619
5 619
5 619
Free-cash
75 325
77 316
76 869
72 833

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24595
₴25673
₴28302
₴38285
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
34 647
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
44 947
Employee
39 710
36 577
89 040
-
health
4 954
4 775
5 282
-
income

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

5 987
5 987
16 705
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
27 005
-
Employer
39 710
36 577
89 040
-
unemployment
1 430
1 317
1 636
-
pensions
2 764
2 546
3 164
-
health
2 759
2 542
3 159
-
total
6 953
6 405
7 959
-
Corporate
50 337
54 018
-
-
income
10 067
10 804
-
-
total
10 067
10 804
-
-
Dividends
40 269
43 215
-
-
income
8 557
9 183
-
-
withholding
6 040
6 482
-
-
total
14 597
15 665
-
-
Income
97 000
97 000
97 000
97 000
Total tax
47 576
48 654
34 964
44 947
After tax
49 424
48 346
62 036
52 053
Living cost
23 751
23 751
23 751
23 751
Free-cash
25 673
24 595
38 285
28 302

Estimated living cost  is ₴23751 per week

₴17520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56525
₴52865
₴47212
₴42935
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 371
health
-
-
-
13 095
solidarity contribution
-
-
-
1 301
social contributions
-
-
-
14 762
total
-
-
-
39 529
Employee
15 086
-
77 396
-
social contributions
981
-
3 286
-
health
2 037
-
10 448
-
solidarity contribution
-
-
918
-
income
1 810
-
9 549
-
total
4 828
-
24 201
-
Employer
15 086
-
77 396
-
social contributions
3 772
-
12 639
-
health
1 358
-
6 966
-
total
5 130
-
19 605
-
Corporate
76 784
97 000
-
-
income
14 589
18 430
-
-
total
14 589
18 430
-
-
Dividends
62 195
78 570
-
-
withholding
9 329
11 786
-
-
total
9 329
11 786
-
-
Income
97 000
97 000
97 000
97 000
Total tax
33 876
30 216
43 806
39 529
After tax
63 124
66 784
53 194
57 471
Living cost
10 259
10 259
10 259
10 259
Free-cash
52 865
56 525
42 935
47 212

Estimated living cost  is ₴10259 per week

₴7126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33681
₴31443
₴28714
₴25083
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
municipal
-
-
-
605
regional
-
-
-
1 230
national
-
-
-
26 941
social contributions
-
-
-
21 437
total
-
-
-
50 213
Employee
38 066
-
97 000
-
social contributions
12 836
-
28 105
-
regional
359
-
1 114
-
municipal
202
-
551
-
national
6 596
-
24 074
-
total
19 993
-
53 844
-
Employer
38 066
-
97 000
-
total
-
-
-
-
Corporate
58 934
97 000
-
-
nationa
14 144
23 280
-
-
municipal
2 299
3 783
-
-
total
16 443
27 063
-
-
Dividends
42 491
69 937
-
-
withholding
11 048
18 183
-
-
total
11 048
18 183
-
-
Income
97 000
97 000
97 000
97 000
Total tax
47 484
45 246
53 844
50 213
After tax
49 516
51 754
43 156
46 787
Living cost
18 073
18 073
18 073
18 073
Free-cash
31 443
33 681
25 083
28 714

Estimated living cost  is ₴18073 per week

₴12599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51561
₴50228
₴36165
₴33547
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30 620
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
5 174
total
-
-
-
51 383
Employee
14 164
-
84 967
-
other
-
-
-
-
health
362
-
1 457
-
surtax
46
-
4 661
-
income
2 374
-
28 058
-
pensions
944
-
3 813
-
unemployment
986
-
3 979
-
total
4 712
-
41 968
-
Employer
14 164
-
84 967
-
other
-
-
-
-
unemployment
449
-
1 812
-
pensions
1 888
-
7 620
-
health
645
-
2 601
-
total
2 982
-
12 033
-
Corporate
79 854
97 000
-
-
income
20 762
25 220
-
-
total
20 762
25 220
-
-
Dividends
59 092
71 780
-
-
withholding
8 864
10 767
-
-
total
8 864
10 767
-
-
Income
97 000
97 000
97 000
97 000
Total tax
37 320
35 987
54 001
51 383
After tax
59 680
61 013
42 999
45 617
Living cost
9 452
9 452
9 452
9 452
Free-cash
50 228
51 561
33 547
36 165

Estimated living cost  is ₴9452 per week

₴5779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴41561
₴44401
₴43086
₴34424
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 984
pensions
-
-
-
4 293
total
-
-
-
34 277
Employee
27 255
-
84 538
-
health
396
-
1 143
-
income
4 909
-
24 209
-
pensions
2 313
-
5 125
-
total
7 618
-
30 477
-
Employer
27 255
-
84 538
-
pensions
2 950
-
10 856
-
health
518
-
1 606
-
total
3 468
-
12 462
-
Corporate
66 277
97 000
-
-
income

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

12 593
18 430
-
-
total
12 593
18 430
-
-
Dividends
53 684
78 570
-
-
withholding
9 283
17 372
-
-
total
9 283
17 372
-
-
Income
97 000
97 000
97 000
97 000
Total tax
32 962
35 802
42 939
34 277
After tax
64 038
61 198
54 061
62 723
Living cost
19 637
19 637
19 637
19 637
Free-cash
44 401
41 561
34 424
43 086

Estimated living cost  is ₴19637 per week

₴14712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴11983
₴25832
₴44466
₴41011
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
1 023
pensions
-
-
-
8 924
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
-
-
-
5 484
health
-
-
-
218
national
-
-
-
2 573
total
-
-
-
20 162
Employee
37 884
-
87 354
-
city
407
-
945
-
regional
1 241
-
4 903
-
health
86
-
196
-
pensions
3 183
-
6 742
-
unemployment
-
-
-
-
national
179
-
2 146
-
total
5 096
-
14 932
-
Employer
37 884
-
87 354
-
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.

757
-
1 747
-
unemployment
-
-
-
-
pensions
3 183
-
6 742
-
health
86
-
196
-
total
4 026
-
8 685
-
Corporate
54 674
97 000
-
-
regional
11 564
20 516
-
-
national
4 647
8 245
-
-
total
16 211
28 761
-
-
Dividends
38 464
68 239
-
-
withholding
13 463
23 884
-
-
total
13 463
23 884
-
-
Income
97 000
97 000
97 000
97 000
Total tax
38 796
52 645
23 617
20 162
After tax
58 204
44 355
73 383
76 838
Living cost
32 372
32 372
32 372
32 372
Free-cash
25 832
11 983
41 011
44 466

Estimated living cost  is ₴32372 per week

₴21051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴28268
₴35216
₴27078
₴40298
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
97 000
trade
-
-
-
13 220
income

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

-
-
-
32 374
health

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

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

-
-
-
2 926
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.

-
-
-
1 781
total
-
-
-
50 301
Employee

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

25 741
-
97 000
-
health

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

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

2 926
-
2 926
-
surtax

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

167
-
1 781
-
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.

3 027
-
32 374
-
total
6 120
-
37 081
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 259
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.

588
801
-
-
income
10 688
14 550
-
-
trade
12 221
16 636
-
-
chamber of commerce
165
202
-
-
total
23 662
32 189
-
-
Dividends
47 597
64 812
-
-
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
882
-
-
withholding
11 736
16 040
-
-
total
12 381
16 922
-
-
Income
97 000
97 000
97 000
97 000
Total tax
42 163
49 111
37 081
50 301
After tax
54 837
47 889
59 919
46 699
Living cost
19 621
19 621
19 621
19 621
Free-cash
35 216
28 268
40 298
27 078

Estimated living cost  is ₴19621 per week

₴14331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3467
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34234
₴36764
₴38370
₴35487
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 189
pensions
-
-
-
15 242
other
-
-
-
3 007
health
-
-
-
4 774
surtax
-
-
-
-
social contributions
-
-
-
2 764
total
-
-
-
43 976
Employee
18 331
-
73 960
-
social contributions
523
-
2 108
-
surtax
-
-
-
-
income
1 082
-
16 107
-
pensions
2 073
-
5 604
-
total
3 678
-
23 819
-
Employer
18 331
-
73 960
-
other
632
-
3 082
-
social contributions
55
-
222
-
unemployment
742
-
2 995
-
pensions
3 011
-
9 352
-
health
1 283
-
7 389
-
total
5 723
-
23 040
-
Corporate
72 944
97 000
-
-
surtax
-
-
-
-
income
20 424
27 160
-
-
total
20 424
27 160
-
-
Dividends
52 520
69 840
-
-
surtax
-
-
-
-
social contributions
9 034
12 013
-
-
withholding
6 723
8 939
-
-
total
15 757
20 952
-
-
Income
97 000
97 000
97 000
97 000
Total tax
45 582
48 112
46 859
43 976
After tax
51 418
48 888
50 141
53 024
Living cost
14 654
14 654
14 654
14 654
Free-cash
36 764
34 234
35 487
38 370

Estimated living cost  is ₴14654 per week

₴9240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35686
₴38064
₴39822
₴36939
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 189
pensions
-
-
-
15 242
other
-
-
-
3 007
health
-
-
-
4 774
surtax
-
-
-
-
social contributions
-
-
-
2 764
total
-
-
-
43 976
Employee
16 363
-
73 960
-
social contributions
467
-
2 108
-
surtax
-
-
-
-
income
844
-
16 107
-
pensions
1 851
-
5 604
-
total
3 162
-
23 819
-
Employer
16 363
-
73 960
-
other
565
-
3 082
-
social contributions
49
-
222
-
unemployment
662
-
2 995
-
pensions
2 689
-
9 352
-
health
1 145
-
7 389
-
total
5 110
-
23 040
-
Corporate
75 527
97 000
-
-
surtax
-
-
-
-
income
21 148
27 160
-
-
total
21 148
27 160
-
-
Dividends
54 379
69 840
-
-
surtax
-
-
-
-
social contributions
9 354
12 013
-
-
withholding
6 960
8 939
-
-
total
16 314
20 952
-
-
Income
97 000
97 000
97 000
97 000
Total tax
45 734
48 112
46 859
43 976
After tax
51 266
48 888
50 141
53 024
Living cost
13 202
13 202
13 202
13 202
Free-cash
38 064
35 686
36 939
39 822

Estimated living cost  is ₴13202 per week

₴7657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50097
₴50319
₴53211
₴50577
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 771
social contributions
-
-
-
13 386
total
-
-
-
34 707
Employee
14 522
-
97 000
-
social contributions
2 004
-
13 386
-
health
1 014
-
6 771
-
income
2 422
-
17 184
-
total
5 440
-
37 341
-
Employer
14 522
-
97 000
-
total
-
-
-
-
Corporate
82 478
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%.

4 124
4 850
-
-
total
4 124
4 850
-
-
Dividends
78 353
92 150
-
-
health
5 469
6 432
-
-
social contributions
10 813
12 716
-
-
withholding
11 753
13 823
-
-
total
28 035
32 971
-
-
Income
97 000
97 000
97 000
97 000
Total tax
37 599
37 821
37 341
34 707
After tax
59 401
59 179
59 659
62 293
Living cost
9 082
9 082
9 082
9 082
Free-cash
50 319
50 097
50 577
53 211

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
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.
₴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

Source of data for Vilnius model

Close
Vienna , Austria
₴38371
₴37710
₴34589
₴10332
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
388
income
-
-
-
31 134
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 828
surtax
-
-
-
85
total
-
-
-
47 319
Employee
21 405
17 069
80 306
-
other
214
171
501
-
health
828
661
1 936
-
income
2 437
1 259
26 150
-
pensions
2 192
1 748
5 124
-
unemployment
642
512
1 501
-
total
6 313
4 351
35 212
-
Employer
21 405
17 069
80 306
-
accident
278
222
650
-
other
1 017
810
3 557
-
chamber of commerce
85
68
321
-
unemployment
642
512
1 501
-
surtax
85
85
85
-
pensions
2 686
2 143
6 280
-
payroll
642
512
2 409
-
health
809
645
1 891
-
total
6 244
4 997
16 694
-
Corporate
69 351
74 934
78 680
-
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.

17 337
18 734
19 670
-
total
17 337
18 734
19 670
-
Dividends
52 013
56 200
-
-
withholding
14 304
15 455
-
-
total
14 304
15 455
-
-
Income
97 000
97 000
97 000
97 000
Total tax
44 198
43 537
71 576
47 319
After tax
52 802
53 463
25 424
49 681
Living cost
15 092
15 092
15 092
15 092
Free-cash
37 710
38 371
10 332
34 589

Estimated living cost  is ₴15092 per week

₴10066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37577
₴32163
₴26576
₴17332
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
38 949
communal

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

-
-
-
5 179
social contributions
-
-
-
10 679
total
-
-
-
54 807
Employee

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

30 638
-
75 130
-
communal

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

1 598
-
3 919
-
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.

1 439
-
3 531
-
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.

2 298
-
5 634
-
unemployment

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

267
-
654
-
national
9 419
-
28 444
-
total
15 021
-
42 182
-
Employer

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

30 638
-
75 130
-
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.

398
-
976
-
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.

447
-
1 097
-
surtax
3 474
-
8 520
-
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.

2 715
-
6 656
-
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.

1 884
-
4 620
-
total
8 918
-
21 869
-
Corporate
57 444
97 000
-
-
surtax
230
416
-
-
income
11 489
20 815
-
-
total
11 719
21 231
-
-
Dividends
45 725
75 769
-
-
withholding

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

13 562
22 575
-
-
total
13 562
22 575
-
-
Income
97 000
97 000
97 000
97 000
Total tax
49 220
43 806
64 051
54 807
After tax
47 780
53 194
32 949
42 193
Living cost
15 617
15 617
15 617
15 617
Free-cash
32 163
37 577
17 332
26 576

Estimated living cost  is ₴15617 per week

₴10059
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.
₴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.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48929
₴45995
₴38726
₴36930
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
358
income
-
-
-
30 895
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
42 806
Employee
21 321
-
84 344
-
other
21
-
40
-
income
4 499
-
29 425
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 853
-
31 946
-
Employer
21 321
-
84 344
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
68 883
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.

10 332
14 550
-
-
total
10 332
14 550
-
-
Dividends
58 551
82 450
-
-
withholding
12 556
18 053
-
-
total
12 556
18 053
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 537
32 603
44 602
42 806
After tax
61 463
64 397
52 398
54 194
Living cost
15 468
15 468
15 468
15 468
Free-cash
45 995
48 929
36 930
38 726

Estimated living cost  is ₴15468 per week

₴11391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31600
₴25708
₴22268
₴26136
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
818
income
-
-
-
18 344
pensions
-
-
-
14 539
health
-
-
-
6 815
surtax
-
-
-
4 809
communal
-
-
-
6 130
total
-
-
-
51 455
Employee
32 436
-
86 646
-
health
1 444
-
3 855
-
surtax
1 988
-
5 310
-
income
3 133
-
21 137
-
pensions
2 594
-
6 932
-
total
9 159
-
37 234
-
Employer
32 436
-
86 646
-
accident
292
-
779
-
pensions
2 594
-
6 932
-
health
989
-
2 642
-
total
3 875
-
10 353
-
Corporate
60 688
97 000
-
-
surtax
637
1 018
-
-
communal
4 097
6 547
-
-
income
9 104
14 550
-
-
total
13 838
22 115
-
-
Dividends
46 851
74 884
-
-
income
14 115
8 776
-
-
withholding
7 028
11 232
-
-
total
21 143
20 008
-
-
Income
97 000
97 000
97 000
97 000
Total tax
48 015
42 123
47 587
51 455
After tax
48 985
54 877
49 413
45 545
Living cost
23 277
23 277
23 277
23 277
Free-cash
25 708
31 600
26 136
22 268

Estimated living cost  is ₴23277 per week

₴17461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51393
₴50031
₴35997
₴33379
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30 620
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
5 174
total
-
-
-
51 383
Employee
14 424
-
84 967
-
other
-
-
-
-
health
368
-
1 457
-
surtax
51
-
4 661
-
income
2 418
-
28 058
-
pensions
962
-
3 813
-
unemployment
1 004
-
3 979
-
total
4 803
-
41 968
-
Employer
14 424
-
84 967
-
other
-
-
-
-
unemployment
458
-
1 812
-
pensions
1 923
-
7 620
-
health
656
-
2 601
-
total
3 037
-
12 033
-
Corporate
79 539
97 000
-
-
income
20 680
25 220
-
-
total
20 680
25 220
-
-
Dividends
58 859
71 780
-
-
withholding
8 829
10 767
-
-
total
8 829
10 767
-
-
Income
97 000
97 000
97 000
97 000
Total tax
37 349
35 987
54 001
51 383
After tax
59 651
61 013
42 999
45 617
Living cost
9 620
9 620
9 620
9 620
Free-cash
50 031
51 393
33 379
35 997

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39447
₴38496
₴34945
₴31334
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
municipal
-
-
-
605
regional
-
-
-
1 534
national
-
-
-
26 941
social contributions
-
-
-
21 437
total
-
-
-
50 517
Employee
23 759
-
97 000
-
social contributions
8 012
-
28 105
-
regional
320
-
1 398
-
municipal
126
-
551
-
national
3 764
-
24 074
-
total
12 222
-
54 128
-
Employer
23 759
-
97 000
-
total
-
-
-
-
Corporate
73 241
97 000
-
-
nationa
17 578
23 280
-
-
municipal
3 640
4 821
-
-
total
21 218
28 101
-
-
Dividends
52 023
68 899
-
-
withholding
13 526
17 914
-
-
total
13 526
17 914
-
-
Income
97 000
97 000
97 000
97 000
Total tax
46 966
46 015
54 128
50 517
After tax
50 034
50 985
42 872
46 483
Living cost
11 538
11 538
11 538
11 538
Free-cash
38 496
39 447
31 334
34 945

Estimated living cost  is ₴11538 per week

₴7176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54143
₴49633
₴44830
₴40553
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 371
health
-
-
-
13 095
solidarity contribution
-
-
-
1 301
social contributions
-
-
-
14 762
total
-
-
-
39 529
Employee
18 590
-
77 396
-
social contributions
1 208
-
3 286
-
health
2 510
-
10 448
-
solidarity contribution
-
-
918
-
income
2 231
-
9 549
-
total
5 949
-
24 201
-
Employer
18 590
-
77 396
-
social contributions
4 648
-
12 639
-
health
1 673
-
6 966
-
total
6 321
-
19 605
-
Corporate
72 089
97 000
-
-
income
13 697
18 430
-
-
total
13 697
18 430
-
-
Dividends
58 392
78 570
-
-
withholding
8 759
11 786
-
-
total
8 759
11 786
-
-
Income
97 000
97 000
97 000
97 000
Total tax
34 726
30 216
43 806
39 529
After tax
62 274
66 784
53 194
57 471
Living cost
12 641
12 641
12 641
12 641
Free-cash
49 633
54 143
40 553
44 830

Estimated living cost  is ₴12641 per week

₴9401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39844
₴39633
₴36101
₴11780
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
388
income
-
-
-
31 134
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 828
surtax
-
-
-
-
total
-
-
-
47 234
Employee
18 723
17 069
80 384
-
other
187
171
501
-
health
724
661
1 936
-
income
1 668
1 259
26 187
-
pensions
1 917
1 748
5 124
-
unemployment
562
512
1 501
-
total
5 058
4 351
35 249
-
Employer
18 723
17 069
80 384
-
accident
243
222
650
-
other
889
810
3 560
-
chamber of commerce
75
68
322
-
unemployment
562
512
1 501
-
surtax
-
-
-
-
pensions
2 350
2 143
6 280
-
payroll
562
512
2 412
-
health
708
645
1 891
-
total
5 389
4 912
16 616
-
Corporate
72 889
75 018
78 758
-
income

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

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

18 222
18 755
19 690
-
total
18 222
18 755
19 690
-
Dividends
54 666
56 263
-
-
withholding
15 033
15 473
-
-
total
15 033
15 473
-
-
Income
97 000
97 000
97 000
97 000
Total tax
43 702
43 491
71 555
47 234
After tax
53 298
53 509
25 445
49 766
Living cost
13 665
13 665
13 665
13 665
Free-cash
39 633
39 844
11 780
36 101

Estimated living cost  is ₴13665 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴86145
₴85019
₴90025
₴71595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 506
-
97 000
-
income
1 501
-
19 400
-
total
1 501
-
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%.

89 494
97 000
-
-
total
-
-
-
-
Dividends
89 494
97 000
-
-
withholding
4 475
4 850
-
-
total
4 475
4 850
-
-
Income
97 000
97 000
97 000
97 000
Total tax
5 976
4 850
19 400
970
After tax
91 024
92 150
77 600
96 030
Living cost
6 005
6 005
6 005
6 005
Free-cash
85 019
86 145
71 595
90 025

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55296
₴51715
₴33479
₴31373
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 629
pensions
-
-
-
17 714
unemployment
-
-
-
145
health
-
-
-
9 545
total
-
-
-
52 033
Employee

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

18 940
-
83 932
-
health
1 223
-
5 421
-
income
3 266
-
22 523
-
pensions
2 936
-
13 009
-
unemployment
27
-
118
-
total
7 452
-
41 071
-
Employer

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

18 940
-
83 932
-
unemployment
11
-
50
-
pensions
1 676
-
7 428
-
health
1 261
-
5 590
-
total
2 948
-
13 068
-
Corporate
75 111
97 000
-
-
income
14 271
18 430
-
-
total
14 271
18 430
-
-
Dividends
60 839
78 570
-
-
withholding
9 126
11 786
-
-
total
9 126
11 786
-
-
Income
97 000
97 000
97 000
97 000
Total tax
33 797
30 216
54 139
52 033
After tax
63 203
66 784
42 861
44 967
Living cost
11 488
11 488
11 488
11 488
Free-cash
51 715
55 296
31 373
33 479

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40517
₴20125
₴48537
₴72862
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
26 523
-
-
-
social contributions
2 175
-
310
-
income
5 851
-
-
-
total
8 026
-
310
-
Employer
26 523
-
-
-
social contributions
37 398
-
5 330
-
total
37 398
-
5 330
-
Corporate
33 079
97 000
-
-
income
7 277
21 340
-
-
total
7 277
21 340
-
-
Dividends
25 801
75 660
-
-
income
5 676
16 645
-
-
total
5 676
16 645
-
-
Income
97 000
97 000
97 000
97 000
Total tax
58 377
37 985
5 640
29 965
After tax
38 623
59 015
91 360
67 035
Living cost
18 498
18 498
18 498
18 498
Free-cash
20 125
40 517
72 862
48 537

Estimated living cost  is ₴18498 per week

₴12002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
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.
₴4520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41738
₴41306
₴37131
₴29530
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 727
surtax
-
-
-
-
social contributions

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

-
-
-
33 707
total
-
-
-
46 434
Employee
19 699
-
78 384
-
social contributions
2 167
-
8 622
-
surtax
-
-
119
-
income
4 098
-
26 678
-
total
6 265
-
35 419
-
Employer
19 699
-
78 384
-
social contributions
4 679
-
18 616
-
total
4 679
-
18 616
-
Corporate
72 622
97 000
-
-
surtax
-
-
-
-
income
15 251
20 370
-
-
total
15 251
20 370
-
-
Dividends
57 371
76 630
-
-
withholding
16 064
21 457
-
-
total
16 064
21 457
-
-
Income
97 000
97 000
97 000
97 000
Total tax
42 259
41 827
54 035
46 434
After tax
54 741
55 173
42 965
50 566
Living cost
13 435
13 435
13 435
13 435
Free-cash
41 306
41 738
29 530
37 131

Estimated living cost  is ₴13435 per week

₴10052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28201
₴31145
₴32337
₴29454
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 189
pensions
-
-
-
15 242
other
-
-
-
3 007
health
-
-
-
4 774
surtax
-
-
-
-
social contributions
-
-
-
2 764
total
-
-
-
43 976
Employee
26 826
-
73 960
-
social contributions
764
-
2 108
-
surtax
-
-
-
-
income
2 341
-
16 107
-
pensions
3 034
-
5 604
-
total
6 139
-
23 819
-
Employer
26 826
-
73 960
-
other
926
-
3 082
-
social contributions
80
-
222
-
unemployment
1 087
-
2 995
-
pensions
4 408
-
9 352
-
health
1 878
-
7 389
-
total
8 379
-
23 040
-
Corporate
61 795
97 000
-
-
surtax
-
-
-
-
income
17 302
27 160
-
-
total
17 302
27 160
-
-
Dividends
44 493
69 840
-
-
surtax
-
-
-
-
social contributions
7 653
12 013
-
-
withholding
5 695
8 939
-
-
total
13 348
20 952
-
-
Income
97 000
97 000
97 000
97 000
Total tax
45 168
48 112
46 859
43 976
After tax
51 832
48 888
50 141
53 024
Living cost
20 687
20 687
20 687
20 687
Free-cash
31 145
28 201
29 454
32 337

Estimated living cost  is ₴20687 per week

₴14001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
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.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴74425
₴72987
₴57820
₴60397
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 965
social contributions
-
-
-
21 340
total
-
-
-
26 305
Employee
13 770
-
83 982
-
income
-
-
5 252
-
social contributions
895
-
5 459
-
total
895
-
10 711
-
Employer
13 770
-
83 982
-
social contributions
2 134
-
13 017
-
total
2 134
-
13 017
-
Corporate
81 096
97 000
-
-
income
8 109
9 700
-
-
total
8 109
9 700
-
-
Dividends
72 986
87 300
-
-
total
-
-
-
-
Income
97 000
97 000
97 000
97 000
Total tax
11 138
9 700
23 728
26 305
After tax
85 862
87 300
73 272
70 695
Living cost
12 875
12 875
12 875
12 875
Free-cash
72 987
74 425
60 397
57 820

Estimated living cost  is ₴12875 per week

₴8325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3638
₴2071
₴35328
₴3638
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
municipal
-
-
-
20 845
pensions
-
-
-
371
national
-
-
-
12 089
labour market
-
-
-
7 730
total
-
-
-
41 035
Employee
87 103
87 103
87 103
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 103
87 103
87 103
-
labour market
6 968
6 968
6 968
-
municipal
18 578
18 578
18 578
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 454
36 454
36 454
-
Corporate
3 639
-
-
-
income
801
-
-
-
total
801
-
-
-
Dividends
2 838
-
-
-
withholding
766
-
-
-
total
766
-
-
-
Income
97 000
97 000
97 000
97 000
Total tax
74 292
72 725
72 725
41 035
After tax
22 708
24 275
24 275
55 965
Living cost
20 637
20 637
20 637
20 637
Free-cash
2 071
3 638
3 638
35 328

Estimated living cost  is ₴20637 per week

₴14124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1373
₴6440
₴56999
₴44232
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
27 804
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
30 771
Employee
14 519
-
88 656
-
health
1 663
-
10 151
-
income
1 992
-
21 795
-
pensions
1 635
-
3 249
-
total
5 290
-
35 195
-
Employer
14 519
-
88 656
-
accident
242
-
1 480
-
unemployment
356
-
2 172
-
pensions
2 361
-
4 691
-
total
2 959
-
8 343
-
Corporate
79 522
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.

71 570
87 300
-
-
total
71 570
87 300
-
-
Dividends
7 952
9 700
-
-
withholding
1 511
1 843
-
-
total
1 511
1 843
-
-
Income
97 000
97 000
97 000
97 000
Total tax
81 330
89 143
43 538
30 771
After tax
15 670
7 857
53 462
66 229
Living cost
9 230
9 230
9 230
9 230
Free-cash
6 440
-1 373
44 232
56 999

Estimated living cost  is ₴9230 per week

₴6718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42999
₴44323
₴42989
₴31878
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
97 000
municipal
-
-
-
17 223
health
-
-
-
1 315
national
-
-
-
19 029
total
-
-
-
37 567
Employee
22 535
-
81 602
-
health
168
-
1 078
-
municipal
3 691
-
13 282
-
pensions
1 521
-
5 508
-
unemployment
338
-
1 224
-
national
372
-
12 188
-
total
6 090
-
33 280
-
Employer
22 535
-
81 602
-
accident
23
-
81
-
unemployment
146
-
531
-
pensions
3 910
-
14 158
-
health
173
-
628
-
total
4 252
-
15 398
-
Corporate
70 214
97 000
-
-
income
14 043
19 400
-
-
total
14 043
19 400
-
-
Dividends

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

42 128
58 200
-
-
national
4 265
7 681
-
-
municipal
7 583
10 476
-
-
total
11 848
18 157
-
-
Income
97 000
97 000
97 000
97 000
Total tax
36 233
37 557
48 678
37 567
After tax
60 767
59 443
48 322
59 433
Living cost
16 444
16 444
16 444
16 444
Free-cash
44 323
42 999
31 878
42 989

Estimated living cost  is ₴16444 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
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.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60776
₴58446
₴55304
₴54509
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 376
health
-
-
-
2 473
social contributions
-
-
-
6 930
total
-
-
-
31 779
Employee
32 936
32 936
91 618
-
social contributions
1 245
2 733
3 687
-
health
255
560
1 557
-
income
3 586
3 049
21 948
-
total
5 086
6 342
27 192
-
Employer
32 936
32 936
91 618
-
social contributions
1 245
2 733
3 687
-
health
277
610
1 695
-
total
1 522
3 343
5 382
-
Corporate
80 474
60 721
-
-
income
10 059
7 590
-
-
total
10 059
7 590
-
-
Dividends
70 415
53 131
-
-
withholding
11 970
9 032
-
-
total
11 970
9 032
-
-
Income
97 000
97 000
97 000
97 000
Total tax
28 637
26 307
32 574
31 779
After tax
68 363
70 693
64 426
65 221
Living cost
9 917
9 917
9 917
9 917
Free-cash
58 446
60 776
54 509
55 304

Estimated living cost  is ₴9917 per week

₴5943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴73526
₴71346
₴75866
₴67276
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 047
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
14 334
Employee

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

9 831
-
92 814
-
health
836
-
3 454
-
income
672
-
8 985
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
18 738
-
Employer

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

9 831
-
92 814
-
unemployment
49
-
203
-
pensions
541
-
2 235
-
health
423
-
1 748
-
total
1 013
-
4 186
-
Corporate
86 157
97 000
-
-
income
7 754
8 730
-
-
total
7 754
8 730
-
-
Dividends
78 402
88 270
-
-
withholding
7 056
7 944
-
-
total
7 056
7 944
-
-
Income
97 000
97 000
97 000
97 000
Total tax
18 854
16 674
22 924
14 334
After tax
78 146
80 326
74 076
82 666
Living cost
6 800
6 800
6 800
6 800
Free-cash
71 346
73 526
67 276
75 866

Estimated living cost  is ₴6800 per week

₴4339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52619
₴50728
₴42416
₴40620
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
358
income
-
-
-
30 895
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
42 806
Employee
15 837
-
84 344
-
other
15
-
40
-
income
3 053
-
29 425
-
pensions
745
-
1 866
-
unemployment
245
-
615
-
total
4 058
-
31 946
-
Employer
15 837
-
84 344
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
76 113
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.

11 417
14 550
-
-
total
11 417
14 550
-
-
Dividends
64 697
82 450
-
-
withholding
13 970
18 053
-
-
total
13 970
18 053
-
-
Income
97 000
97 000
97 000
97 000
Total tax
34 494
32 603
44 602
42 806
After tax
62 506
64 397
52 398
54 194
Living cost
11 778
11 778
11 778
11 778
Free-cash
50 728
52 619
40 620
42 416

Estimated living cost  is ₴11778 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59358
₴59165
₴61193
₴61111
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
33 165
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
34 637
Employee
1 782
-
96 040
-
health
89
-
213
-
income
345
-
33 120
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
33 760
-
Employer
1 782
-
96 040
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
94 817
97 000
-
-
income
20 860
21 340
-
-
total
20 860
21 340
-
-
Dividends
73 958
75 660
-
-
withholding
14 792
15 132
-
-
total
14 792
15 132
-
-
Income
97 000
97 000
97 000
97 000
Total tax
36 665
36 472
34 719
34 637
After tax
60 335
60 528
62 281
62 363
Living cost
1 170
1 170
1 170
1 170
Free-cash
59 165
59 358
61 111
61 193

Estimated living cost  is ₴1170 per week

₴695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴62675
₴60567
₴55165
₴55166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 461
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
34 427
Employee

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

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

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

11 170
-
91 334
-
health
575
-
1 630
-
income
1 540
-
22 461
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
28 760
-
Employer

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

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

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

11 170
-
91 334
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
83 830
97 000
-
-
income
12 575
14 550
-
-
total
12 575
14 550
-
-
Dividends
71 256
82 450
-
-
withholding
10 688
12 367
-
-
total
10 688
12 367
-
-
Income
97 000
97 000
97 000
97 000
Total tax
29 025
26 917
34 426
34 427
After tax
67 975
70 083
62 574
62 573
Living cost
7 408
7 408
7 408
7 408
Free-cash
60 567
62 675
55 166
55 165

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43626
₴43472
₴39019
₴31418
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 727
surtax
-
-
-
-
social contributions

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

-
-
-
33 707
total
-
-
-
46 434
Employee
16 624
-
78 384
-
social contributions
1 829
-
8 622
-
surtax
-
-
119
-
income
3 248
-
26 678
-
total
5 077
-
35 419
-
Employer
16 624
-
78 384
-
social contributions
3 948
-
18 616
-
total
3 948
-
18 616
-
Corporate
76 428
97 000
-
-
surtax
-
-
-
-
income
16 050
20 370
-
-
total
16 050
20 370
-
-
Dividends
60 378
76 630
-
-
withholding
16 906
21 457
-
-
total
16 906
21 457
-
-
Income
97 000
97 000
97 000
97 000
Total tax
41 981
41 827
54 035
46 434
After tax
55 019
55 173
42 965
50 566
Living cost
11 547
11 547
11 547
11 547
Free-cash
43 472
43 626
31 418
39 019

Estimated living cost  is ₴11547 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49344
₴46540
₴39141
₴37345
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
358
income
-
-
-
30 895
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
42 806
Employee
20 686
-
84 344
-
other
20
-
40
-
income
4 321
-
29 425
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 633
-
31 946
-
Employer
20 686
-
84 344
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 882
-
9 369
-
total
6 596
-
12 656
-
Corporate
69 719
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.

10 458
14 550
-
-
total
10 458
14 550
-
-
Dividends
59 261
82 450
-
-
withholding
12 720
18 053
-
-
total
12 720
18 053
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 407
32 603
44 602
42 806
After tax
61 593
64 397
52 398
54 194
Living cost
15 053
15 053
15 053
15 053
Free-cash
46 540
49 344
37 345
39 141

Estimated living cost  is ₴15053 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
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.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴75563
₴72952
₴71080
₴75116
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
18 548
Employee
9 762
-
94 063
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
9 406
-
pensions

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

857
-
1 314
-
total
2 389
-
11 574
-
Employer
9 762
-
94 063
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
85 322
97 000
-
-
income
8 532
9 700
-
-
total
8 532
9 700
-
-
Dividends
76 790
87 300
-
-
withholding
3 839
4 365
-
-
total
3 839
4 365
-
-
Income
97 000
97 000
97 000
97 000
Total tax
16 676
14 065
14 512
18 548
After tax
80 324
82 935
82 488
78 452
Living cost
7 372
7 372
7 372
7 372
Free-cash
72 952
75 563
75 116
71 080

Estimated living cost  is ₴7372 per week

₴4876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33350
₴38953
₴32321
₴43383
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
97 000
trade
-
-
-
11 062
income

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

-
-
-
32 374
health

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

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

-
-
-
2 926
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.

-
-
-
1 781
total
-
-
-
48 143
Employee

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

21 311
-
97 000
-
health

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

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

2 926
-
2 926
-
surtax

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

97
-
1 781
-
income

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

1 752
-
32 374
-
total
4 775
-
37 081
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
75 689
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.

624
801
-
-
income
11 353
14 550
-
-
trade
10 862
13 919
-
-
chamber of commerce
176
207
-
-
total
23 015
29 477
-
-
Dividends
52 673
67 523
-
-
surtax

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

715
919
-
-
withholding
13 006
16 718
-
-
total
13 721
17 637
-
-
Income
97 000
97 000
97 000
97 000
Total tax
41 511
47 114
37 081
48 143
After tax
55 489
49 886
59 919
48 857
Living cost
16 536
16 536
16 536
16 536
Free-cash
38 953
33 350
43 383
32 321

Estimated living cost  is ₴16536 per week

₴11407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43501
₴44447
₴24198
₴24198
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
31 720
social contributions
-
-
-
16 683
total
-
-
-
48 403
Employee
33 504
-
97 000
-
income
6 322
-
31 720
-
social contributions
2 783
-
16 683
-
total
9 105
-
48 403
-
Employer
33 504
-
97 000
-
total
-
-
-
-
Corporate
63 496
97 000
-
-
income
7 937
12 125
-
-
total
7 937
12 125
-
-
Dividends
55 559
84 875
-
-
withholding
11 112
16 975
-
-
total
11 112
16 975
-
-
Income
97 000
97 000
97 000
97 000
Total tax
28 154
29 100
48 403
48 403
After tax
68 846
67 900
48 597
48 597
Living cost
24 399
24 399
24 399
24 399
Free-cash
44 447
43 501
24 198
24 198

Estimated living cost  is ₴24399 per week

₴18562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
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.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
₴45239
₴46735
₴64041
₴52106
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 861
total
-
-
-
17 411
Employee
19 649
-
95 030
-
income
2 132
-
25 406
-
social contributions
1 969
-
1 970
-
total
4 101
-
27 376
-
Employer
19 649
-
95 030
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
75 383
97 000
-
-
income
26 384
33 950
-
-
total
26 384
33 950
-
-
Dividends
48 999
63 050
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
97 000
97 000
97 000
97 000
Total tax
34 717
36 213
29 346
17 411
After tax
62 283
60 787
67 654
79 589
Living cost
15 548
15 548
15 548
15 548
Free-cash
46 735
45 239
52 106
64 041

Estimated living cost  is ₴15548 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
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.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45233
₴47778
₴46758
₴38096
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 984
pensions
-
-
-
4 293
total
-
-
-
34 277
Employee
21 914
-
84 538
-
health
286
-
1 143
-
income
3 991
-
24 209
-
pensions
1 673
-
5 125
-
total
5 950
-
30 477
-
Employer
21 914
-
84 538
-
pensions
2 214
-
10 856
-
health
416
-
1 606
-
total
2 630
-
12 462
-
Corporate
72 456
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.

13 767
18 430
-
-
total
13 767
18 430
-
-
Dividends
58 689
78 570
-
-
withholding
10 910
17 372
-
-
total
10 910
17 372
-
-
Income
97 000
97 000
97 000
97 000
Total tax
33 257
35 802
42 939
34 277
After tax
63 743
61 198
54 061
62 723
Living cost
15 965
15 965
15 965
15 965
Free-cash
47 778
45 233
38 096
46 758

Estimated living cost  is ₴15965 per week

₴10952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2286
₴6302
₴56086
₴43319
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
27 804
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
30 771
Employee
15 956
-
88 656
-
health
1 827
-
10 151
-
income
2 189
-
21 795
-
pensions
1 797
-
3 249
-
total
5 813
-
35 195
-
Employer
15 956
-
88 656
-
accident
266
-
1 480
-
unemployment
391
-
2 172
-
pensions
2 594
-
4 691
-
total
3 251
-
8 343
-
Corporate
77 792
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.

70 013
87 300
-
-
total
70 013
87 300
-
-
Dividends
7 779
9 700
-
-
withholding
1 478
1 843
-
-
total
1 478
1 843
-
-
Income
97 000
97 000
97 000
97 000
Total tax
80 555
89 143
43 538
30 771
After tax
16 445
7 857
53 462
66 229
Living cost
10 143
10 143
10 143
10 143
Free-cash
6 302
-2 286
43 319
56 086

Estimated living cost  is ₴10143 per week

₴7444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68420
₴67125
₴56060
₴65478
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
342
health insurance
-
-
-
5 069
income
-
-
-
16 319
pensions
-
-
-
12 603
unemployment
-
-
-
822
total
-
-
-
35 155
Employee

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

9 257
-
97 000
-
work injury
46
-
171
-
income
926
-
16 319
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
25 737
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
87 743
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%.

8 774
9 700
-
-
total
8 774
9 700
-
-
Dividends
78 969
87 300
-
-
withholding
11 845
13 095
-
-
total
11 845
13 095
-
-
Income
97 000
97 000
97 000
97 000
Total tax
24 090
22 795
25 737
35 155
After tax
72 910
74 205
71 263
61 845
Living cost
5 785
5 785
5 785
5 785
Free-cash
67 125
68 420
65 478
56 060

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34030
₴32082
₴28506
₴24987
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
municipal
-
-
-
680
regional
-
-
-
2 373
national
-
-
-
26 941
social contributions
-
-
-
21 437
total
-
-
-
51 431
Employee
36 093
-
97 000
-
social contributions
12 170
-
28 105
-
regional
545
-
2 151
-
municipal
215
-
620
-
national
6 099
-
24 074
-
total
19 029
-
54 950
-
Employer
36 093
-
97 000
-
total
-
-
-
-
Corporate
60 907
97 000
-
-
nationa
14 618
23 280
-
-
municipal
2 936
4 675
-
-
total
17 554
27 955
-
-
Dividends
43 354
69 045
-
-
withholding
11 272
17 952
-
-
total
11 272
17 952
-
-
Income
97 000
97 000
97 000
97 000
Total tax
47 855
45 907
54 950
51 431
After tax
49 145
51 093
42 050
45 569
Living cost
17 063
17 063
17 063
17 063
Free-cash
32 082
34 030
24 987
28 506

Estimated living cost  is ₴17063 per week

₴11986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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