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
₴33835
₴45801
₴34167
₴39338
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
97 000
income

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

-
-
-
31 019
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.

-
-
-
1 706
health

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

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

-
-
-
3 400
trade
-
-
-
11 634
total
-
-
-
47 759
Employee

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

19 035
-
97 000
-
surtax

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

29
-
1 706
-
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.

532
-
31 019
-
health

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

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

3 400
-
3 400
-
total
3 961
-
36 125
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
77 965
97 000
-
-
income
11 695
14 550
-
-
surtax

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

643
800
-
-
chamber of commerce
188
215
-
-
trade
12 279
15 277
-
-
total
24 805
30 842
-
-
Dividends
53 159
66 158
-
-
surtax

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

721
899
-
-
withholding
13 101
16 350
-
-
total
13 822
17 249
-
-
Income
97 000
97 000
97 000
97 000
Total tax
42 588
48 091
36 125
47 759
After tax
54 412
48 909
60 875
49 241
Living cost
15 074
15 074
15 074
15 074
Free-cash
39 338
33 835
45 801
34 167

Estimated living cost  is ₴15074 per week

₴9482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1758
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34031
₴30774
₴30252
₴33590
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
social contributions
-
-
-
1 043
municipal
-
-
-
10 661
national
-
-
-
16 907
pensions
-
-
-
11 640
total
-
-
-
40 251
Employee
41 075
-
83 856
-
municipal
5 073
-
11 037
-
pensions
1 643
-
3 354
-
national
7 862
-
17 729
-
total
14 578
-
32 120
-
Employer
41 075
-
83 856
-
pensions
3 286
-
6 708
-
social contributions
442
-
901
-
total
3 728
-
7 609
-
Corporate
49 487
97 000
-
-
income

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

9 897
19 400
-
-
total
9 897
19 400
-
-
Dividends
39 589
77 600
-
-
withholding
8 710
17 072
-
-
total
8 710
17 072
-
-
Income
97 000
97 000
97 000
97 000
Total tax
36 913
36 472
39 729
40 251
After tax
60 087
60 528
57 271
56 749
Living cost
26 497
26 497
26 497
26 497
Free-cash
33 590
34 031
30 774
30 252

Estimated living cost  is ₴26497 per week

₴18010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2463
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.
₴5628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67246
₴31033
₴23921
₴63163
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
97 000
income
-
-
-
18 922
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.

-
-
-
19 068
microenterprise
-
-
-
-
total
-
-
-
62 725
Employee
14 542
-
74 515
-
surtax
-
-
10 804
-
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.

1 600
-
6 524
-
income
2 589
-
15 800
-
total
4 189
-
33 128
-
Employer
14 542
-
74 515
-
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.

3 503
-
14 288
-
surtax
-
-
8 197
-
total
3 503
-
22 485
-
Corporate
78 955
97 000
-
-
income

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

15 791
19 400
-
-
total
15 791
19 400
-
-
Dividends

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

63 164
77 600
-
-
total
-
-
-
-
Income
97 000
97 000
97 000
97 000
Total tax
23 483
19 400
55 613
62 725
After tax
73 517
77 600
41 387
34 275
Living cost
10 354
10 354
10 354
10 354
Free-cash
63 163
67 246
31 033
23 921

Estimated living cost  is ₴10354 per week

₴6605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴986
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27316
₴40768
₴32054
₴24267
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
32 130
health
-
-
-
6 137
pensions
-
-
-
5 831
total
-
-
-
44 098
Employee
42 499
42 499
87 751
-
pensions
7 650
5 831
5 831
-
income

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

6 956
6 956
14 167
-
health
6 523
5 549
6 137
-
total
21 129
18 336
26 135
-
Employer
42 499
42 499
87 751
-
health
2 954
2 954
3 671
-
pensions
2 958
2 958
3 677
-
unemployment
1 530
1 530
1 901
-
total
7 442
7 442
9 249
-
Corporate
47 580
47 058
-
-
income
9 516
9 411
-
-
total
9 516
9 411
-
-
Dividends
38 064
37 647
-
-
income
8 088
8 000
-
-
withholding
5 710
5 647
-
-
total
13 798
13 647
-
-
Income
97 000
97 000
97 000
97 000
Total tax
51 885
48 836
35 384
44 098
After tax
45 115
48 164
61 616
52 902
Living cost
20 848
20 848
20 848
20 848
Free-cash
24 267
27 316
40 768
32 054

Estimated living cost  is ₴20848 per week

₴14775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33081
₴28877
₴29359
₴32635
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
87
other
-
-
-
5 063
unemployment
-
-
-
44
health
-
-
-
2 719
municipal
-
-
-
25 161
national
-
-
-
9 976
pensions
-
-
-
4 710
total
-
-
-
47 760
Employee
28 329
-
83 309
-
municipal
8 448
-
24 843
-
national
-
-
9 709
-
total
8 448
-
34 552
-
Employer
28 329
-
83 309
-
health
1 742
-
2 680
-
pensions
3 062
-
4 710
-
accident
57
-
87
-
unemployment
748
-
1 150
-
other
3 292
-
5 063
-
total
8 901
-
13 690
-
Corporate
59 770
97 000
-
-
income
13 149
21 340
-
-
total
13 149
21 340
-
-
Dividends
46 620
75 660
-
-
withholding
13 986
22 698
-
-
total
13 986
22 698
-
-
Income
97 000
97 000
97 000
97 000
Total tax
44 484
44 038
48 242
47 760
After tax
52 516
52 962
48 758
49 240
Living cost
19 881
19 881
19 881
19 881
Free-cash
32 635
33 081
28 877
29 359

Estimated living cost  is ₴19881 per week

₴13177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1951
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4452
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28859
₴41324
₴29174
₴35851
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
97 000
income

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

-
-
-
31 019
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.

-
-
-
1 706
health

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

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

-
-
-
3 400
trade
-
-
-
12 150
total
-
-
-
48 275
Employee

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

25 238
-
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.

119
-
1 706
-
income

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

2 168
-
31 019
-
health

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

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

3 400
-
3 400
-
total
5 687
-
36 125
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 762
97 000
-
-
income
10 765
14 550
-
-
surtax

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

592
800
-
-
chamber of commerce
178
213
-
-
trade
11 804
15 956
-
-
total
23 339
31 519
-
-
Dividends
48 423
65 481
-
-
surtax

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

655
890
-
-
withholding
11 917
16 181
-
-
total
12 572
17 071
-
-
Income
97 000
97 000
97 000
97 000
Total tax
41 598
48 590
36 125
48 275
After tax
55 402
48 410
60 875
48 725
Living cost
19 551
19 551
19 551
19 551
Free-cash
35 851
28 859
41 324
29 174

Estimated living cost  is ₴19551 per week

₴13076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2062
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54589
₴48861
₴49691
₴52524
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
20 642
social contributions
-
-
-
8 052
health
-
-
-
2 473
total
-
-
-
31 167
Employee
38 269
38 269
91 032
-
social contributions
1 860
3 176
4 284
-
income
4 019
3 543
20 197
-
health
381
651
1 548
-
total
6 260
7 370
26 029
-
Employer
38 269
38 269
91 032
-
health
415
708
1 684
-
social contributions
1 860
3 176
4 284
-
total
2 275
3 884
5 968
-
Corporate
72 325
54 847
-
-
income
9 041
6 856
-
-
total
9 041
6 856
-
-
Dividends
63 284
47 991
-
-
withholding
10 758
8 159
-
-
total
10 758
8 159
-
-
Income
97 000
97 000
97 000
97 000
Total tax
28 334
26 269
31 997
31 167
After tax
68 666
70 731
65 003
65 833
Living cost
16 142
16 142
16 142
16 142
Free-cash
52 524
54 589
48 861
49 691

Estimated living cost  is ₴16142 per week

₴11035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴45548
₴47312
₴58277
₴45733
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

12 876
5 124
81 172
-
unemployment
193
77
1 218
-
pensions
1 288
512
8 117
-
income
1 574
626
9 923
-
health
901
359
5 682
-
total
3 956
1 574
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.

12 876
5 124
81 172
-
pensions
2 511
999
15 828
-
total
2 511
999
15 828
-
Corporate
81 614
90 876
-
-
income
7 345
8 179
-
-
total
7 345
8 179
-
-
Dividends
74 268
82 698
-
-
social contributions
14 424
16 067
-
-
withholding
14 111
15 713
-
-
total
28 535
31 780
-
-
Income
97 000
97 000
97 000
97 000
Total tax
42 347
42 532
40 768
29 803
After tax
54 653
54 468
56 232
67 197
Living cost
8 920
8 920
8 920
8 920
Free-cash
45 733
45 548
47 312
58 277

Estimated living cost  is ₴8920 per week

₴6087
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.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65579
₴43888
₴39971
₴62488
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
12 998
health
-
-
-
12 610
pensions
-
-
-
19 400
total
-
-
-
45 008
Employee
14 118
-
72 497
-
unemployment
226
-
1 160
-
pensions
282
-
1 450
-
income
1 589
-
13 978
-
total
2 097
-
16 588
-
Employer
14 118
-
72 497
-
health
1 835
-
9 424
-
pensions
2 824
-
14 499
-
unemployment
113
-
580
-
total
4 772
-
24 503
-
Corporate
78 110
97 000
-
-
income
15 622
19 400
-
-
total
15 622
19 400
-
-
Dividends
62 488
77 600
-
-
total
-
-
-
-
Income
97 000
97 000
97 000
97 000
Total tax
22 491
19 400
41 091
45 008
After tax
74 509
77 600
55 909
51 992
Living cost
12 021
12 021
12 021
12 021
Free-cash
62 488
65 579
43 888
39 971

Estimated living cost  is ₴12021 per week

₴8245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴716
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.
₴2818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3254
₴41859
₴55170
₴6153
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
accident
-
-
-
128
income
-
-
-
27 202
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
30 719
Employee
17 478
-
87 818
-
pensions
1 968
-
3 853
-
income
2 398
-
20 939
-
health
2 001
-
10 055
-
total
6 367
-
34 847
-
Employer
17 478
-
87 818
-
pensions
2 842
-
5 564
-
accident
292
-
1 467
-
unemployment
428
-
2 152
-
total
3 562
-
9 183
-
Corporate
75 960
97 000
-
-
income

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

68 364
87 300
-
-
total
68 364
87 300
-
-
Dividends
7 596
9 700
-
-
withholding
1 443
1 843
-
-
total
1 443
1 843
-
-
Income
97 000
97 000
97 000
97 000
Total tax
79 736
89 143
44 030
30 719
After tax
17 264
7 857
52 970
66 281
Living cost
11 111
11 111
11 111
11 111
Free-cash
6 153
-3 254
41 859
55 170

Estimated living cost  is ₴11111 per week

₴8143
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.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴88140
₴73590
₴92020
₴87389
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
97 000
microenterprise

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

-
-
-
970
total
-
-
-
970
Employee
5 012
-
97 000
-
income
1 002
-
19 400
-
total
1 002
-
19 400
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

91 988
97 000
-
-
total
-
-
-
-
Dividends
91 988
97 000
-
-
withholding
4 599
4 850
-
-
total
4 599
4 850
-
-
Income
97 000
97 000
97 000
97 000
Total tax
5 601
4 850
19 400
970
After tax
91 399
92 150
77 600
96 030
Living cost
4 010
4 010
4 010
4 010
Free-cash
87 389
88 140
73 590
92 020

Estimated living cost  is ₴4010 per week

₴2485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58005
₴41944
₴42779
₴54645
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
15 872
other
-
-
-
3 595
health
-
-
-
3 330
pensions

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

-
-
-
18 163
total
-
-
-
40 960
Employee
18 070
-
77 911
-
unemployment
180
-
756
-
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.

1 265
-
5 297
-
income
3 111
-
15 594
-
health
253
-
1 060
-
total
4 809
-
22 707
-
Employer
18 070
-
77 911
-
health
253
-
1 060
-
pensions

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

3 072
-
12 866
-
accident
144
-
623
-
unemployment
180
-
756
-
other
904
-
3 783
-
total
4 553
-
19 088
-
Corporate
74 376
97 000
-
-
income
15 619
20 370
-
-
total
15 619
20 370
-
-
Dividends
58 757
76 630
-
-
withholding
4 113
5 364
-
-
total
4 113
5 364
-
-
Income
97 000
97 000
97 000
97 000
Total tax
29 094
25 734
41 795
40 960
After tax
67 906
71 266
55 205
56 040
Living cost
13 261
13 261
13 261
13 261
Free-cash
54 645
58 005
41 944
42 779

Estimated living cost  is ₴13261 per week

₴9370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴895
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2782
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29230
₴21639
₴30367
₴32602
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
28 724
pensions
-
-
-
4 661
total
-
-
-
33 385
Employee
47 041
-
84 648
-
pensions
4 538
-
5 665
-
income
8 480
-
22 906
-
health
775
-
1 190
-
total
13 793
-
29 761
-
Employer
47 041
-
84 648
-
health
893
-
1 608
-
pensions
5 554
-
10 744
-
total
6 447
-
12 352
-
Corporate
43 511
97 000
-
-
income

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

8 267
18 430
-
-
total
8 267
18 430
-
-
Dividends
35 244
78 570
-
-
withholding
2 643
16 092
-
-
total
2 643
16 092
-
-
Income
97 000
97 000
97 000
97 000
Total tax
31 150
34 522
42 113
33 385
After tax
65 850
62 478
54 887
63 615
Living cost
33 248
33 248
33 248
33 248
Free-cash
32 602
29 230
21 639
30 367

Estimated living cost  is ₴33248 per week

₴24914
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3906
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴76411
₴75192
₴71285
₴74100
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
14 550
unemployment
-
-
-
70
health
-
-
-
1 999
pensions

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

-
-
-
2 572
total
-
-
-
19 191
Employee
8 638
-
93 590
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
pensions

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

758
-
1 526
-
income
864
-
9 359
-
health
397
-
799
-
total
2 114
-
11 875
-
Employer
8 638
-
93 590
-
health
596
-
1 199
-
pensions

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

952
-
1 915
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
unemployment
52
-
104
-
total
1 695
-
3 409
-
Corporate
86 667
97 000
-
-
income
8 667
9 700
-
-
total
8 667
9 700
-
-
Dividends
78 000
87 300
-
-
withholding
3 900
4 365
-
-
total
3 900
4 365
-
-
Income
97 000
97 000
97 000
97 000
Total tax
16 376
14 065
15 284
19 191
After tax
80 624
82 935
81 716
77 809
Living cost
6 524
6 524
6 524
6 524
Free-cash
74 100
76 411
75 192
71 285

Estimated living cost  is ₴6524 per week

₴3809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴466
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.
₴2076
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20567
₴34019
₴25305
₴21819
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
32 130
health
-
-
-
6 137
pensions
-
-
-
5 831
total
-
-
-
44 098
Employee
46 141
42 499
87 751
-
pensions
5 831
5 831
5 831
-
income

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

6 956
6 956
14 167
-
health
5 756
5 549
6 137
-
total
18 543
18 336
26 135
-
Employer
46 141
42 499
87 751
-
health
3 206
2 954
3 671
-
pensions
3 211
2 958
3 677
-
unemployment
1 661
1 530
1 901
-
total
8 078
7 442
9 249
-
Corporate
42 781
47 058
-
-
income
8 557
9 411
-
-
total
8 557
9 411
-
-
Dividends
34 224
37 647
-
-
income
7 272
8 000
-
-
withholding
5 134
5 647
-
-
total
12 406
13 647
-
-
Income
97 000
97 000
97 000
97 000
Total tax
47 584
48 836
35 384
44 098
After tax
49 416
48 164
61 616
52 902
Living cost
27 597
27 597
27 597
27 597
Free-cash
21 819
20 567
34 019
25 305

Estimated living cost  is ₴27597 per week

₴20357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4459
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54580
₴39692
₴43753
₴50226
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
9 951
social contributions
-
-
-
17 562
solidarity contribution
-
-
-
434
health
-
-
-
13 095
total
-
-
-
41 042
Employee
17 948
-
75 196
-
solidarity contribution
-
-
69
-
social contributions
1 167
-
3 909
-
income
2 154
-
9 170
-
health
2 423
-
10 151
-
total
5 744
-
23 299
-
Employer
17 948
-
75 196
-
health
1 615
-
6 768
-
social contributions
4 487
-
15 036
-
total
6 102
-
21 804
-
Corporate
72 949
97 000
-
-
income
13 860
18 430
-
-
total
13 860
18 430
-
-
Dividends
59 089
78 570
-
-
withholding
8 863
11 785
-
-
total
8 863
11 785
-
-
Income
97 000
97 000
97 000
97 000
Total tax
34 569
30 215
45 103
41 042
After tax
62 431
66 785
51 897
55 958
Living cost
12 205
12 205
12 205
12 205
Free-cash
50 226
54 580
39 692
43 753

Estimated living cost  is ₴12205 per week

₴8478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
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.
₴2619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30754
₴20461
₴24811
₴28156
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
social contributions
-
-
-
24 908
regional
-
-
-
1 155
municipal
-
-
-
577
national
-
-
-
24 549
total
-
-
-
51 189
Employee
44 230
-
97 000
-
municipal
234
-
515
-
national
7 664
-
21 347
-
regional
417
-
1 021
-
social contributions
14 914
-
32 656
-
total
23 229
-
55 539
-
Employer
44 230
-
97 000
-
total
-
-
-
-
Corporate
52 770
97 000
-
-
municipal
2 058
3 783
-
-
nationa
12 665
23 280
-
-
total
14 723
27 063
-
-
Dividends
38 047
69 936
-
-
withholding
9 892
18 183
-
-
total
9 892
18 183
-
-
Income
97 000
97 000
97 000
97 000
Total tax
47 844
45 246
55 539
51 189
After tax
49 156
51 754
41 461
45 811
Living cost
21 000
21 000
21 000
21 000
Free-cash
28 156
30 754
20 461
24 811

Estimated living cost  is ₴21000 per week

₴14639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴322
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4662
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50031
₴31755
₴34797
₴48482
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
28 510
other
-
-
-
-
surtax
-
-
-
4 598
unemployment
-
-
-
113
health
-
-
-
4 716
pensions
-
-
-
13 284
total
-
-
-
51 221
Employee
16 458
-
83 019
-
other
-
-
-
-
unemployment
1 146
-
4 623
-
pensions
1 097
-
4 430
-
surtax
54
-
4 002
-
income
2 759
-
25 534
-
health
420
-
1 693
-
total
5 476
-
40 282
-
Employer
16 458
-
83 019
-
health
749
-
3 022
-
pensions
2 194
-
8 854
-
unemployment
521
-
2 105
-
other
-
-
-
-
total
3 464
-
13 981
-
Corporate
77 078
97 000
-
-
income
20 040
25 220
-
-
total
20 040
25 220
-
-
Dividends
57 038
71 780
-
-
withholding
8 556
10 767
-
-
total
8 556
10 767
-
-
Income
97 000
97 000
97 000
97 000
Total tax
37 536
35 987
54 263
51 221
After tax
59 464
61 013
42 737
45 779
Living cost
10 982
10 982
10 982
10 982
Free-cash
48 482
50 031
31 755
34 797

Estimated living cost  is ₴10982 per week

₴6715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39764
₴32173
₴40901
₴43047
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
28 724
pensions
-
-
-
4 661
total
-
-
-
33 385
Employee
31 526
-
84 648
-
pensions
2 676
-
5 665
-
income
5 678
-
22 906
-
health
458
-
1 190
-
total
8 812
-
29 761
-
Employer
31 526
-
84 648
-
health
599
-
1 608
-
pensions
3 413
-
10 744
-
total
4 012
-
12 352
-
Corporate
61 463
97 000
-
-
income

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

11 678
18 430
-
-
total
11 678
18 430
-
-
Dividends
49 785
78 570
-
-
withholding
6 737
16 092
-
-
total
6 737
16 092
-
-
Income
97 000
97 000
97 000
97 000
Total tax
31 239
34 522
42 113
33 385
After tax
65 761
62 478
54 887
63 615
Living cost
22 714
22 714
22 714
22 714
Free-cash
43 047
39 764
32 173
40 901

Estimated living cost  is ₴22714 per week

₴17017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1703
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.
₴3756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴5060
₴34399
₴38686
₴21873
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
other

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

-
-
-
1 940
regional
-
-
-
5 004
health
-
-
-
218
city
-
-
-
1 022
national
-
-
-
1 910
pensions
-
-
-
8 925
total
-
-
-
19 019
Employee
45 985
-
86 866
-
unemployment
-
-
-
-
pensions
3 863
-
7 244
-
national
218
-
1 421
-
regional
1 506
-
4 334
-
city
494
-
934
-
health
104
-
196
-
total
6 185
-
14 129
-
Employer
45 985
-
86 866
-
health
104
-
196
-
pensions
3 863
-
7 244
-
unemployment
-
-
-
-
other

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

919
-
1 737
-
total
4 886
-
9 177
-
Corporate
45 622
97 000
-
-
regional
9 649
20 516
-
-
national
3 878
8 245
-
-
total
13 527
28 761
-
-
Dividends
32 095
68 240
-
-
withholding
11 234
23 884
-
-
total
11 234
23 884
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 832
52 645
23 306
19 019
After tax
61 168
44 355
73 694
77 981
Living cost
39 295
39 295
39 295
39 295
Free-cash
21 873
5 060
34 399
38 686

Estimated living cost  is ₴39295 per week

₴25553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴482
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴25112
₴38076
₴25408
₴33182
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
97 000
income

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

-
-
-
31 019
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.

-
-
-
1 706
health

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

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

-
-
-
3 400
trade
-
-
-
12 668
total
-
-
-
48 793
Employee

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

29 909
-
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.

194
-
1 706
-
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.

3 517
-
31 019
-
health

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

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

3 400
-
3 400
-
total
7 111
-
36 125
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 091
97 000
-
-
income
10 064
14 550
-
-
surtax

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

553
800
-
-
chamber of commerce
170
212
-
-
trade
11 506
16 635
-
-
total
22 293
32 197
-
-
Dividends
44 797
64 802
-
-
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.

605
880
-
-
withholding
11 010
16 012
-
-
total
11 615
16 892
-
-
Income
97 000
97 000
97 000
97 000
Total tax
41 019
49 089
36 125
48 793
After tax
55 981
47 911
60 875
48 207
Living cost
22 799
22 799
22 799
22 799
Free-cash
33 182
25 112
38 076
25 408

Estimated living cost  is ₴22799 per week

₴16651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1824
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31861
₴35219
₴37349
₴34802
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
16 054
other
-
-
-
3 007
surtax
-
-
-
-
social contributions
-
-
-
2 764
health
-
-
-
4 393
pensions
-
-
-
16 406
total
-
-
-
42 624
Employee
21 300
-
74 642
-
pensions
2 408
-
5 368
-
surtax
-
-
-
-
social contributions
607
-
2 127
-
income
1 257
-
14 901
-
total
4 272
-
22 396
-
Employer
21 300
-
74 642
-
health
1 491
-
7 117
-
pensions
3 499
-
9 006
-
unemployment
862
-
3 023
-
social contributions
64
-
224
-
other
735
-
2 988
-
total
6 651
-
22 358
-
Corporate
69 049
97 000
-
-
income
19 333
27 160
-
-
surtax
-
-
-
-
total
19 333
27 160
-
-
Dividends
49 715
69 840
-
-
surtax
-
-
-
-
social contributions
8 551
12 012
-
-
withholding
6 364
8 940
-
-
total
14 915
20 952
-
-
Income
97 000
97 000
97 000
97 000
Total tax
45 171
48 112
44 754
42 624
After tax
51 829
48 888
52 246
54 376
Living cost
17 027
17 027
17 027
17 027
Free-cash
34 802
31 861
35 219
37 349

Estimated living cost  is ₴17027 per week

₴10736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33548
₴36906
₴39036
₴36313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
16 054
other
-
-
-
3 007
surtax
-
-
-
-
social contributions
-
-
-
2 764
health
-
-
-
4 393
pensions
-
-
-
16 406
total
-
-
-
42 624
Employee
19 013
-
74 642
-
pensions
2 150
-
5 368
-
surtax
-
-
-
-
social contributions
542
-
2 127
-
income
980
-
14 901
-
total
3 672
-
22 396
-
Employer
19 013
-
74 642
-
health
1 331
-
7 117
-
pensions
3 124
-
9 006
-
unemployment
770
-
3 023
-
social contributions
57
-
224
-
other
656
-
2 988
-
total
5 938
-
22 358
-
Corporate
72 049
97 000
-
-
income
20 174
27 160
-
-
surtax
-
-
-
-
total
20 174
27 160
-
-
Dividends
51 875
69 840
-
-
surtax
-
-
-
-
social contributions
8 923
12 012
-
-
withholding
6 640
8 940
-
-
total
15 563
20 952
-
-
Income
97 000
97 000
97 000
97 000
Total tax
45 347
48 112
44 754
42 624
After tax
51 653
48 888
52 246
54 376
Living cost
15 340
15 340
15 340
15 340
Free-cash
36 313
33 548
36 906
39 036

Estimated living cost  is ₴15340 per week

₴8897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1558
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48624
₴49465
₴51740
₴48884
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
14 550
social contributions
-
-
-
13 386
health
-
-
-
6 771
total
-
-
-
34 707
Employee
16 874
-
97 000
-
social contributions
2 329
-
13 386
-
income
2 814
-
16 825
-
health
1 178
-
6 771
-
total
6 321
-
36 982
-
Employer
16 874
-
97 000
-
total
-
-
-
-
Corporate
80 126
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%.

4 006
4 850
-
-
total
4 006
4 850
-
-
Dividends
76 120
92 150
-
-
social contributions
10 505
12 717
-
-
withholding
11 418
13 823
-
-
health
5 313
6 433
-
-
total
27 236
32 973
-
-
Income
97 000
97 000
97 000
97 000
Total tax
37 563
37 823
36 982
34 707
After tax
59 437
59 177
60 018
62 293
Living cost
10 553
10 553
10 553
10 553
Free-cash
48 884
48 624
49 465
51 740

Estimated living cost  is ₴10553 per week

₴7062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴651
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴36044
₴8051
₴32276
₴35277
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
28 447
surtax
-
-
-
98
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
388
health
-
-
-
4 447
pensions
-
-
-
10 756
total
-
-
-
47 188
Employee
24 872
19 833
78 670
-
other
248
198
582
-
unemployment
746
595
1 744
-
pensions
2 547
2 031
5 954
-
income
2 831
1 463
23 358
-
health
962
768
2 250
-
total
7 334
5 055
33 888
-
Employer
24 872
19 833
78 670
-
chamber of commerce
99
79
314
-
health
940
750
2 198
-
pensions
3 121
2 490
7 297
-
accident
323
258
756
-
unemployment
746
595
1 744
-
surtax
98
98
98
-
payroll
746
595
2 360
-
other
1 181
942
3 562
-
total
7 254
5 807
18 329
-
Corporate
64 873
71 361
76 782
-
income

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

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

16 219
17 840
19 196
-
total
16 219
17 840
19 196
-
Dividends
48 655
53 520
-
-
withholding
13 380
14 718
-
-
total
13 380
14 718
-
-
Income
97 000
97 000
97 000
97 000
Total tax
44 187
43 420
71 413
47 188
After tax
52 813
53 580
25 587
49 812
Living cost
17 536
17 536
17 536
17 536
Free-cash
35 277
36 044
8 051
32 276

Estimated living cost  is ₴17536 per week

₴11696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35919
₴15487
₴23968
₴28620
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
communal

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

-
-
-
5 075
social contributions
-
-
-
12 408
national
-
-
-
37 403
total
-
-
-
54 886
Employee

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

35 599
-
75 129
-
unemployment

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

310
-
654
-
communal

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

1 857
-
3 918
-
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.

2 670
-
5 634
-
national
10 945
-
27 762
-
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.

1 673
-
3 531
-
total
17 455
-
41 499
-
Employer

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

35 599
-
75 129
-
health

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

2 189
-
4 620
-
pensions

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

3 154
-
6 656
-
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.

463
-
977
-
unemployment

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

519
-
1 096
-
surtax
4 036
-
8 519
-
total
10 361
-
21 868
-
Corporate
51 039
97 000
-
-
income
10 207
19 630
-
-
surtax
204
393
-
-
total
10 411
20 023
-
-
Dividends
40 627
76 977
-
-
withholding

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

12 007
22 912
-
-
total
12 007
22 912
-
-
Income
97 000
97 000
97 000
97 000
Total tax
50 234
42 935
63 367
54 886
After tax
46 766
54 065
33 633
42 114
Living cost
18 146
18 146
18 146
18 146
Free-cash
28 620
35 919
15 487
23 968

Estimated living cost  is ₴18146 per week

₴11688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46572
₴34272
₴36359
₴43163
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
416
income
-
-
-
28 829
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
42 668
Employee
24 773
-
82 294
-
other
25
-
46
-
unemployment
384
-
715
-
pensions
1 164
-
2 168
-
income
5 227
-
27 121
-
total
6 800
-
30 050
-
Employer
24 773
-
82 294
-
pensions
5 846
-
10 886
-
accident
490
-
913
-
unemployment
1 363
-
2 537
-
other
197
-
369
-
total
7 896
-
14 705
-
Corporate
64 331
97 000
-
-
income

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

9 649
14 550
-
-
total
9 649
14 550
-
-
Dividends
54 681
82 450
-
-
withholding
11 519
17 905
-
-
total
11 519
17 905
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 864
32 455
44 755
42 668
After tax
61 136
64 545
52 245
54 332
Living cost
17 973
17 973
17 973
17 973
Free-cash
43 163
46 572
34 272
36 359

Estimated living cost  is ₴17973 per week

₴13235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1275
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29004
₴23734
₴19865
₴22354
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
communal
-
-
-
6 130
accident
-
-
-
818
income
-
-
-
16 977
surtax
-
-
-
4 809
health
-
-
-
6 815
pensions
-
-
-
14 540
total
-
-
-
50 089
Employee
37 688
-
86 645
-
pensions
3 015
-
6 931
-
surtax
2 310
-
5 311
-
income
3 640
-
19 769
-
health
1 677
-
3 855
-
total
10 642
-
35 866
-
Employer
37 688
-
86 645
-
health
1 149
-
2 643
-
pensions
3 015
-
6 931
-
accident
339
-
780
-
total
4 503
-
10 354
-
Corporate
54 808
97 000
-
-
communal
3 699
6 548
-
-
income
8 221
14 550
-
-
surtax
575
1 018
-
-
total
12 495
22 116
-
-
Dividends
42 313
74 884
-
-
income
13 613
7 601
-
-
withholding
6 347
11 233
-
-
total
19 960
18 834
-
-
Income
97 000
97 000
97 000
97 000
Total tax
47 600
40 950
46 220
50 089
After tax
49 400
56 050
50 780
46 911
Living cost
27 046
27 046
27 046
27 046
Free-cash
22 354
29 004
23 734
19 865

Estimated living cost  is ₴27046 per week

₴20288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49835
₴31559
₴34601
₴48252
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
28 510
other
-
-
-
-
surtax
-
-
-
4 598
unemployment
-
-
-
113
health
-
-
-
4 716
pensions
-
-
-
13 284
total
-
-
-
51 221
Employee
16 760
-
83 019
-
other
-
-
-
-
unemployment
1 166
-
4 623
-
pensions
1 118
-
4 430
-
surtax
59
-
4 002
-
income
2 810
-
25 534
-
health
428
-
1 693
-
total
5 581
-
40 282
-
Employer
16 760
-
83 019
-
health
762
-
3 022
-
pensions
2 235
-
8 854
-
unemployment
532
-
2 105
-
other
-
-
-
-
total
3 529
-
13 981
-
Corporate
76 712
97 000
-
-
income
19 945
25 220
-
-
total
19 945
25 220
-
-
Dividends
56 766
71 780
-
-
withholding
8 515
10 767
-
-
total
8 515
10 767
-
-
Income
97 000
97 000
97 000
97 000
Total tax
37 570
35 987
54 263
51 221
After tax
59 430
61 013
42 737
45 779
Living cost
11 178
11 178
11 178
11 178
Free-cash
48 252
49 835
31 559
34 601

Estimated living cost  is ₴11178 per week

₴6749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3199
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37579
₴27769
₴32097
₴36475
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
social contributions
-
-
-
24 908
regional
-
-
-
1 463
municipal
-
-
-
577
national
-
-
-
24 549
total
-
-
-
51 497
Employee
27 607
-
97 000
-
municipal
146
-
515
-
national
4 374
-
21 347
-
regional
372
-
1 307
-
social contributions
9 309
-
32 656
-
total
14 201
-
55 825
-
Employer
27 607
-
97 000
-
total
-
-
-
-
Corporate
69 393
97 000
-
-
municipal
3 449
4 821
-
-
nationa
16 654
23 280
-
-
total
20 103
28 101
-
-
Dividends
49 290
68 898
-
-
withholding
12 815
17 914
-
-
total
12 815
17 914
-
-
Income
97 000
97 000
97 000
97 000
Total tax
47 119
46 015
55 825
51 497
After tax
49 881
50 985
41 175
45 503
Living cost
13 406
13 406
13 406
13 406
Free-cash
36 475
37 579
27 769
32 097

Estimated living cost  is ₴13406 per week

₴8337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51746
₴36858
₴40919
₴46380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
9 951
social contributions
-
-
-
17 562
solidarity contribution
-
-
-
434
health
-
-
-
13 095
total
-
-
-
41 042
Employee
22 117
-
75 196
-
solidarity contribution
-
-
69
-
social contributions
1 438
-
3 909
-
income
2 654
-
9 170
-
health
2 986
-
10 151
-
total
7 078
-
23 299
-
Employer
22 117
-
75 196
-
health
1 990
-
6 768
-
social contributions
5 529
-
15 036
-
total
7 519
-
21 804
-
Corporate
67 363
97 000
-
-
income
12 799
18 430
-
-
total
12 799
18 430
-
-
Dividends
54 564
78 570
-
-
withholding
8 185
11 785
-
-
total
8 185
11 785
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 581
30 215
45 103
41 042
After tax
61 419
66 785
51 897
55 958
Living cost
15 039
15 039
15 039
15 039
Free-cash
46 380
51 746
36 858
40 919

Estimated living cost  is ₴15039 per week

₴11184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴37754
₴9734
₴34032
₴37510
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
28 447
surtax
-
-
-
-
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
388
health
-
-
-
4 447
pensions
-
-
-
10 756
total
-
-
-
47 090
Employee
21 755
19 833
78 762
-
other
217
198
582
-
unemployment
653
595
1 744
-
pensions
2 228
2 031
5 954
-
income
1 938
1 463
23 402
-
health
841
768
2 250
-
total
5 877
5 055
33 932
-
Employer
21 755
19 833
78 762
-
chamber of commerce
87
79
315
-
health
823
750
2 198
-
pensions
2 730
2 490
7 297
-
accident
282
258
756
-
unemployment
653
595
1 744
-
surtax
-
-
-
-
payroll
653
595
2 363
-
other
1 033
942
3 565
-
total
6 261
5 709
18 238
-
Corporate
68 985
71 459
76 873
-
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.

17 246
17 865
19 218
-
total
17 246
17 865
19 218
-
Dividends
51 738
53 594
-
-
withholding
14 228
14 739
-
-
total
14 228
14 739
-
-
Income
97 000
97 000
97 000
97 000
Total tax
43 612
43 368
71 388
47 090
After tax
53 388
53 632
25 612
49 910
Living cost
15 878
15 878
15 878
15 878
Free-cash
37 510
37 754
9 734
34 032

Estimated living cost  is ₴15878 per week

₴9525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴85901
₴71351
₴89781
₴84729
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 811
-
97 000
-
income
1 562
-
19 400
-
total
1 562
-
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%.

89 189
97 000
-
-
total
-
-
-
-
Dividends
89 189
97 000
-
-
withholding
4 460
4 850
-
-
total
4 460
4 850
-
-
Income
97 000
97 000
97 000
97 000
Total tax
6 022
4 850
19 400
970
After tax
90 978
92 150
77 600
96 030
Living cost
6 249
6 249
6 249
6 249
Free-cash
84 729
85 901
71 351
89 781

Estimated living cost  is ₴6249 per week

₴4229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53435
₴30983
₴33264
₴49274
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 983
unemployment
-
-
-
145
health
-
-
-
9 544
pensions
-
-
-
17 715
total
-
-
-
50 387
Employee

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

22 007
-
83 932
-
unemployment
31
-
117
-
pensions
3 411
-
13 010
-
income
3 795
-
21 051
-
health
1 421
-
5 422
-
total
8 658
-
39 600
-
Employer

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

22 007
-
83 932
-
health
1 466
-
5 590
-
pensions
1 947
-
7 428
-
unemployment
13
-
50
-
total
3 426
-
13 068
-
Corporate
71 566
97 000
-
-
income
13 598
18 430
-
-
total
13 598
18 430
-
-
Dividends
57 968
78 570
-
-
withholding
8 695
11 786
-
-
total
8 695
11 786
-
-
Income
97 000
97 000
97 000
97 000
Total tax
34 377
30 216
52 668
50 387
After tax
62 623
66 784
44 332
46 613
Living cost
13 349
13 349
13 349
13 349
Free-cash
49 274
53 435
30 983
33 264

Estimated living cost  is ₴13349 per week

₴9161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3074
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37757
₴69261
₴45777
₴14321
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
18 907
social contributions
-
-
-
11 058
total
-
-
-
29 965
Employee
30 481
-
-
-
social contributions
2 499
-
356
-
income
6 724
-
-
-
total
9 223
-
356
-
Employer
30 481
-
-
-
social contributions
42 979
-
6 125
-
total
42 979
-
6 125
-
Corporate
23 540
97 000
-
-
income
5 179
21 340
-
-
total
5 179
21 340
-
-
Dividends
18 361
75 660
-
-
income
4 040
16 645
-
-
total
4 040
16 645
-
-
Income
97 000
97 000
97 000
97 000
Total tax
61 421
37 985
6 481
29 965
After tax
35 579
59 015
90 519
67 035
Living cost
21 258
21 258
21 258
21 258
Free-cash
14 321
37 757
69 261
45 777

Estimated living cost  is ₴21258 per week

₴13793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1999
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39563
₴28385
₴35738
₴39063
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
97 000
income
-
-
-
11 944
surtax
-
-
-
-
social contributions

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

-
-
-
33 708
total
-
-
-
45 652
Employee
22 889
-
78 383
-
surtax
-
-
-
-
social contributions
2 518
-
8 622
-
income
4 761
-
25 767
-
total
7 279
-
34 389
-
Employer
22 889
-
78 383
-
social contributions
5 436
-
18 616
-
total
5 436
-
18 616
-
Corporate
68 675
97 000
-
-
income
14 421
20 370
-
-
surtax
-
-
-
-
total
14 421
20 370
-
-
Dividends
54 253
76 630
-
-
withholding
15 191
21 457
-
-
total
15 191
21 457
-
-
Income
97 000
97 000
97 000
97 000
Total tax
42 327
41 827
53 005
45 652
After tax
54 673
55 173
43 995
51 348
Living cost
15 610
15 610
15 610
15 610
Free-cash
39 063
39 563
28 385
35 738

Estimated living cost  is ₴15610 per week

₴11680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2749
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24851
₴28209
₴30339
₴28270
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
16 054
other
-
-
-
3 007
surtax
-
-
-
-
social contributions
-
-
-
2 764
health
-
-
-
4 393
pensions
-
-
-
16 406
total
-
-
-
42 624
Employee
31 170
-
74 642
-
pensions
3 526
-
5 368
-
surtax
-
-
-
-
social contributions
888
-
2 127
-
income
2 720
-
14 901
-
total
7 134
-
22 396
-
Employer
31 170
-
74 642
-
health
2 182
-
7 117
-
pensions
5 122
-
9 006
-
unemployment
1 263
-
3 023
-
social contributions
93
-
224
-
other
1 076
-
2 988
-
total
9 736
-
22 358
-
Corporate
56 094
97 000
-
-
income
15 707
27 160
-
-
surtax
-
-
-
-
total
15 707
27 160
-
-
Dividends
40 388
69 840
-
-
surtax
-
-
-
-
social contributions
6 946
12 012
-
-
withholding
5 170
8 940
-
-
total
12 116
20 952
-
-
Income
97 000
97 000
97 000
97 000
Total tax
44 693
48 112
44 754
42 624
After tax
52 307
48 888
52 246
54 376
Living cost
24 037
24 037
24 037
24 037
Free-cash
28 270
24 851
28 209
30 339

Estimated living cost  is ₴24037 per week

₴16268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5473
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴72340
₴58734
₴56156
₴70668
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 544
social contributions
-
-
-
21 340
total
-
-
-
25 884
Employee
16 000
-
83 982
-
income
-
-
4 830
-
social contributions
1 040
-
5 459
-
total
1 040
-
10 289
-
Employer
16 000
-
83 982
-
social contributions
2 480
-
13 017
-
total
2 480
-
13 017
-
Corporate
78 520
97 000
-
-
income
7 852
9 700
-
-
total
7 852
9 700
-
-
Dividends
70 668
87 300
-
-
total
-
-
-
-
Income
97 000
97 000
97 000
97 000
Total tax
11 372
9 700
23 306
25 884
After tax
85 628
87 300
73 694
71 116
Living cost
14 960
14 960
14 960
14 960
Free-cash
70 668
72 340
58 734
56 156

Estimated living cost  is ₴14960 per week

₴9673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11427
-₴11427
₴32703
-₴11427
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
labour market
-
-
-
7 725
municipal
-
-
-
20 483
national
-
-
-
11 691
pensions
-
-
-
431
total
-
-
-
40 330
Employee
101 158
101 158
101 158
-
municipal
21 541
21 541
21 541
-
labour market
8 081
8 081
8 081
-
pensions
144
144
144
-
national
12 358
12 358
12 358
-
total
42 124
42 124
42 124
-
Employer
101 158
101 158
101 158
-
national
12 380
12 380
12 380
-
labour market
8 093
8 093
8 093
-
pensions
288
288
288
-
municipal
21 575
21 575
21 575
-
total
42 336
42 336
42 336
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
97 000
97 000
97 000
97 000
Total tax
84 460
84 460
84 460
40 330
After tax
12 540
12 540
12 540
56 670
Living cost
23 967
23 967
23 967
23 967
Free-cash
-11 427
-11 427
-11 427
32 703

Estimated living cost  is ₴23967 per week

₴16403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴369
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5075
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3090
₴42023
₴55334
₴6177
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
27 202
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
30 719
Employee
17 220
-
87 818
-
pensions
1 939
-
3 853
-
income
2 362
-
20 939
-
health
1 972
-
10 055
-
total
6 273
-
34 847
-
Employer
17 220
-
87 818
-
pensions
2 800
-
5 564
-
accident
288
-
1 467
-
unemployment
422
-
2 152
-
total
3 510
-
9 183
-
Corporate
76 271
97 000
-
-
income

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

68 644
87 300
-
-
total
68 644
87 300
-
-
Dividends
7 627
9 700
-
-
withholding
1 449
1 843
-
-
total
1 449
1 843
-
-
Income
97 000
97 000
97 000
97 000
Total tax
79 876
89 143
44 030
30 719
After tax
17 124
7 857
52 970
66 281
Living cost
10 947
10 947
10 947
10 947
Free-cash
6 177
-3 090
42 023
55 334

Estimated living cost  is ₴10947 per week

₴7968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41095
₴30990
₴42101
₴42571
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
97 000
health
-
-
-
1 286
municipal
-
-
-
17 228
national
-
-
-
17 278
total
-
-
-
35 792
Employee
26 184
-
81 602
-
municipal
4 289
-
13 288
-
unemployment
393
-
1 224
-
pensions
1 767
-
5 508
-
national
433
-
10 436
-
health
195
-
1 049
-
total
7 077
-
31 505
-
Employer
26 184
-
81 602
-
health
201
-
628
-
pensions
4 543
-
14 158
-
accident
26
-
81
-
unemployment
170
-
531
-
total
4 940
-
15 398
-
Corporate
65 876
97 000
-
-
income
13 175
19 400
-
-
total
13 175
19 400
-
-
Dividends

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

39 526
58 200
-
-
municipal
7 114
10 476
-
-
national
3 016
6 922
-
-
total
10 130
17 398
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 322
36 798
46 903
35 792
After tax
61 678
60 202
50 097
61 208
Living cost
19 107
19 107
19 107
19 107
Free-cash
42 571
41 095
30 990
42 101

Estimated living cost  is ₴19107 per week

₴12481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1838
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59208
₴53480
₴54310
₴56500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
20 642
social contributions
-
-
-
8 052
health
-
-
-
2 473
total
-
-
-
31 167
Employee
38 269
38 269
91 032
-
social contributions
1 447
3 176
4 284
-
income
4 167
3 543
20 197
-
health
297
651
1 548
-
total
5 911
7 370
26 029
-
Employer
38 269
38 269
91 032
-
health
322
708
1 684
-
social contributions
1 447
3 176
4 284
-
total
1 769
3 884
5 968
-
Corporate
77 798
54 847
-
-
income
9 725
6 856
-
-
total
9 725
6 856
-
-
Dividends
68 073
47 991
-
-
withholding
11 572
8 159
-
-
total
11 572
8 159
-
-
Income
97 000
97 000
97 000
97 000
Total tax
28 977
26 269
31 997
31 167
After tax
68 023
70 731
65 003
65 833
Living cost
11 523
11 523
11 523
11 523
Free-cash
56 500
59 208
53 480
54 310

Estimated living cost  is ₴11523 per week

₴6906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1130
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.
₴3232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴72423
₴64189
₴74171
₴69892
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
97 000
income
-
-
-
9 946
unemployment
-
-
-
14
health
-
-
-
1 801
pensions
-
-
-
3 166
total
-
-
-
14 927
Employee

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

11 423
-
92 136
-
unemployment
57
-
236
-
pensions
1 713
-
7 083
-
income
781
-
8 712
-
health
971
-
4 014
-
total
3 522
-
20 045
-
Employer

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

11 423
-
92 136
-
health
491
-
2 031
-
pensions
628
-
2 597
-
unemployment
57
-
236
-
total
1 176
-
4 864
-
Corporate
84 401
97 000
-
-
income
7 596
8 730
-
-
total
7 596
8 730
-
-
Dividends
76 805
88 270
-
-
withholding
6 912
7 945
-
-
total
6 912
7 945
-
-
Income
97 000
97 000
97 000
97 000
Total tax
19 206
16 675
24 909
14 927
After tax
77 794
80 325
72 091
82 073
Living cost
7 902
7 902
7 902
7 902
Free-cash
69 892
72 423
64 189
74 171

Estimated living cost  is ₴7902 per week

₴5041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴569
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50860
₴38560
₴40647
₴48662
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
416
income
-
-
-
28 829
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
42 668
Employee
18 402
-
82 294
-
other
18
-
46
-
unemployment
285
-
715
-
pensions
865
-
2 168
-
income
3 548
-
27 121
-
total
4 716
-
30 050
-
Employer
18 402
-
82 294
-
pensions
4 342
-
10 886
-
accident
365
-
913
-
unemployment
1 012
-
2 537
-
other
147
-
369
-
total
5 866
-
14 705
-
Corporate
72 731
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.

10 910
14 550
-
-
total
10 910
14 550
-
-
Dividends
61 821
82 450
-
-
withholding
13 161
17 905
-
-
total
13 161
17 905
-
-
Income
97 000
97 000
97 000
97 000
Total tax
34 653
32 455
44 755
42 668
After tax
62 347
64 545
52 245
54 332
Living cost
13 685
13 685
13 685
13 685
Free-cash
48 662
50 860
38 560
40 647

Estimated living cost  is ₴13685 per week

₴9237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1316
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.
₴2893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59520
₴61378
₴61450
₴59354
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
33 274
health
-
-
-
533
pensions
-
-
-
735
total
-
-
-
34 542
Employee
1 535
-
96 173
-
unemployment
15
-
37
-
pensions
138
-
331
-
income
297
-
33 235
-
health
77
-
184
-
total
527
-
33 787
-
Employer
1 535
-
96 173
-
health
146
-
349
-
pensions
169
-
404
-
unemployment
31
-
74
-
total
346
-
827
-
Corporate
95 119
97 000
-
-
income
20 926
21 340
-
-
total
20 926
21 340
-
-
Dividends
74 193
75 660
-
-
withholding
14 839
15 132
-
-
total
14 839
15 132
-
-
Income
97 000
97 000
97 000
97 000
Total tax
36 638
36 472
34 614
34 542
After tax
60 362
60 528
62 386
62 458
Living cost
1 008
1 008
1 008
1 008
Free-cash
59 354
59 520
61 378
61 450

Estimated living cost  is ₴1008 per week

₴599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61492
₴52358
₴52358
₴59048
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 175
unemployment
-
-
-
551
health
-
-
-
3 781
pensions
-
-
-
9 545
total
-
-
-
36 052
Employee

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

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

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

12 954
-
90 429
-
unemployment
97
-
275
-
pensions
1 814
-
5 139
-
income
1 786
-
22 175
-
health
667
-
1 891
-
total
4 364
-
29 480
-
Employer

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

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

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

12 954
-
90 429
-
health
667
-
1 891
-
pensions
1 554
-
4 405
-
unemployment
97
-
275
-
total
2 318
-
6 571
-
Corporate
81 727
97 000
-
-
income
12 259
14 550
-
-
total
12 259
14 550
-
-
Dividends
69 468
82 450
-
-
withholding
10 420
12 367
-
-
total
10 420
12 367
-
-
Income
97 000
97 000
97 000
97 000
Total tax
29 361
26 917
36 051
36 052
After tax
67 639
70 083
60 949
60 948
Living cost
8 590
8 590
8 590
8 590
Free-cash
59 048
61 492
52 358
52 358

Estimated living cost  is ₴8590 per week

₴5784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴664
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41756
₴30578
₴37931
₴41577
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
97 000
income
-
-
-
11 944
surtax
-
-
-
-
social contributions

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

-
-
-
33 708
total
-
-
-
45 652
Employee
19 316
-
78 383
-
surtax
-
-
-
-
social contributions
2 125
-
8 622
-
income
3 774
-
25 767
-
total
5 899
-
34 389
-
Employer
19 316
-
78 383
-
social contributions
4 587
-
18 616
-
total
4 587
-
18 616
-
Corporate
73 097
97 000
-
-
income
15 351
20 370
-
-
surtax
-
-
-
-
total
15 351
20 370
-
-
Dividends
57 746
76 630
-
-
withholding
16 169
21 457
-
-
total
16 169
21 457
-
-
Income
97 000
97 000
97 000
97 000
Total tax
42 006
41 827
53 005
45 652
After tax
54 994
55 173
43 995
51 348
Living cost
13 417
13 417
13 417
13 417
Free-cash
41 577
41 756
30 578
37 931

Estimated living cost  is ₴13417 per week

₴9503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴932
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.
₴2745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47055
₴34755
₴36842
₴43796
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
416
income
-
-
-
28 829
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
42 668
Employee
24 035
-
82 294
-
other
24
-
46
-
unemployment
372
-
715
-
pensions
1 130
-
2 168
-
income
5 020
-
27 121
-
total
6 546
-
30 050
-
Employer
24 035
-
82 294
-
pensions
5 672
-
10 886
-
accident
476
-
913
-
unemployment
1 322
-
2 537
-
other
193
-
369
-
total
7 663
-
14 705
-
Corporate
65 301
97 000
-
-
income

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

9 796
14 550
-
-
total
9 796
14 550
-
-
Dividends
55 506
82 450
-
-
withholding
11 709
17 905
-
-
total
11 709
17 905
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 714
32 455
44 755
42 668
After tax
61 286
64 545
52 245
54 332
Living cost
17 490
17 490
17 490
17 490
Free-cash
43 796
47 055
34 755
36 842

Estimated living cost  is ₴17490 per week

₴12561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
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.
₴3323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴74376
₴73157
₴69250
₴71343
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
14 550
unemployment
-
-
-
70
health
-
-
-
1 999
pensions

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

-
-
-
2 572
total
-
-
-
19 191
Employee
11 334
-
93 590
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
pensions

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

995
-
1 526
-
income
1 134
-
9 359
-
health
521
-
799
-
total
2 775
-
11 875
-
Employer
11 334
-
93 590
-
health
782
-
1 199
-
pensions

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

1 249
-
1 915
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
unemployment
68
-
104
-
total
2 224
-
3 409
-
Corporate
83 443
97 000
-
-
income
8 344
9 700
-
-
total
8 344
9 700
-
-
Dividends
75 099
87 300
-
-
withholding
3 755
4 365
-
-
total
3 755
4 365
-
-
Income
97 000
97 000
97 000
97 000
Total tax
17 098
14 065
15 284
19 191
After tax
79 902
82 935
81 716
77 809
Living cost
8 559
8 559
8 559
8 559
Free-cash
71 343
74 376
73 157
69 250

Estimated living cost  is ₴8559 per week

₴5661
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.
₴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.
₴2204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30691
₴41661
₴31062
₴37203
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
97 000
income

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

-
-
-
31 019
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.

-
-
-
1 706
health

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

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

-
-
-
3 400
trade
-
-
-
10 599
total
-
-
-
46 724
Employee

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

24 762
-
97 000
-
surtax

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

112
-
1 706
-
income

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

2 036
-
31 019
-
health

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

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

3 400
-
3 400
-
total
5 548
-
36 125
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
72 238
97 000
-
-
income
10 835
14 550
-
-
surtax

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

596
800
-
-
chamber of commerce
181
218
-
-
trade
10 366
13 920
-
-
total
21 978
29 488
-
-
Dividends
50 259
67 512
-
-
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.

681
918
-
-
withholding
12 376
16 689
-
-
total
13 057
17 607
-
-
Income
97 000
97 000
97 000
97 000
Total tax
40 583
47 095
36 125
46 724
After tax
56 417
49 905
60 875
50 276
Living cost
19 214
19 214
19 214
19 214
Free-cash
37 203
30 691
41 661
31 062

Estimated living cost  is ₴19214 per week

₴13254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2067
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39550
₴21676
₴21676
₴40649
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30 574
social contributions
-
-
-
16 400
total
-
-
-
46 974
Employee
38 929
-
97 000
-
income
7 346
-
30 574
-
social contributions
3 234
-
16 400
-
total
10 580
-
46 974
-
Employer
38 929
-
97 000
-
total
-
-
-
-
Corporate
58 071
97 000
-
-
income
7 259
12 125
-
-
total
7 259
12 125
-
-
Dividends
50 812
84 875
-
-
withholding
10 162
16 975
-
-
total
10 162
16 975
-
-
Income
97 000
97 000
97 000
97 000
Total tax
28 001
29 100
46 974
46 974
After tax
68 999
67 900
50 026
50 026
Living cost
28 350
28 350
28 350
28 350
Free-cash
40 649
39 550
21 676
21 676

Estimated living cost  is ₴28350 per week

₴21568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2310
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴42355
₴50333
₴61367
₴44095
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 017
total
-
-
-
17 567
Employee
22 830
-
94 711
-
income
2 477
-
24 023
-
social contributions
2 287
-
2 289
-
total
4 764
-
26 312
-
Employer
22 830
-
94 711
-
social contributions
2 287
-
2 289
-
total
2 287
-
2 289
-
Corporate
71 882
97 000
-
-
income
25 159
33 950
-
-
total
25 159
33 950
-
-
Dividends
46 724
63 050
-
-
social contributions
2 629
2 629
-
-
total
2 629
2 629
-
-
Income
97 000
97 000
97 000
97 000
Total tax
34 839
36 579
28 601
17 567
After tax
62 161
60 421
68 399
79 433
Living cost
18 066
18 066
18 066
18 066
Free-cash
44 095
42 355
50 333
61 367

Estimated living cost  is ₴18066 per week

₴11900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
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.
₴4464
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44012
₴36421
₴45149
₴46956
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
income
-
-
-
28 724
pensions
-
-
-
4 661
total
-
-
-
33 385
Employee
25 347
-
84 648
-
pensions
1 935
-
5 665
-
income
4 616
-
22 906
-
health
331
-
1 190
-
total
6 882
-
29 761
-
Employer
25 347
-
84 648
-
health
482
-
1 608
-
pensions
2 561
-
10 744
-
total
3 043
-
12 352
-
Corporate
68 610
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.

13 035
18 430
-
-
total
13 035
18 430
-
-
Dividends
55 575
78 570
-
-
withholding
8 618
16 092
-
-
total
8 618
16 092
-
-
Income
97 000
97 000
97 000
97 000
Total tax
31 578
34 522
42 113
33 385
After tax
65 422
62 478
54 887
63 615
Living cost
18 466
18 466
18 466
18 466
Free-cash
46 956
44 012
36 421
45 149

Estimated living cost  is ₴18466 per week

₴12668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4174
₴40939
₴54250
₴6011
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
27 202
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
30 719
Employee
18 925
-
87 818
-
pensions
2 131
-
3 853
-
income
2 596
-
20 939
-
health
2 167
-
10 055
-
total
6 894
-
34 847
-
Employer
18 925
-
87 818
-
pensions
3 077
-
5 564
-
accident
316
-
1 467
-
unemployment
464
-
2 152
-
total
3 857
-
9 183
-
Corporate
74 219
97 000
-
-
income

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

66 797
87 300
-
-
total
66 797
87 300
-
-
Dividends
7 422
9 700
-
-
withholding
1 410
1 843
-
-
total
1 410
1 843
-
-
Income
97 000
97 000
97 000
97 000
Total tax
78 958
89 143
44 030
30 719
After tax
18 042
7 857
52 970
66 281
Living cost
12 031
12 031
12 031
12 031
Free-cash
6 011
-4 174
40 939
54 250

Estimated living cost  is ₴12031 per week

₴8829
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

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Skopje , Macedonia
₴67481
₴63196
₴52251
₴72573
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
97 000
income
-
-
-
16 134
unemployment
-
-
-
955
work injury
-
-
-
398
health insurance
-
-
-
5 891
pensions
-
-
-
14 647
total
-
-
-
38 025
Employee

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

10 758
-
97 000
-
health insurance
796
-
2 945
-
unemployment
129
-
478
-
work injury
54
-
199
-
pensions
1 979
-
7 324
-
income
1 076
-
16 134
-
total
4 034
-
27 080
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
86 242
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%.

862
9 700
-
-
total
862
9 700
-
-
Dividends
85 380
87 300
-
-
withholding
12 807
13 095
-
-
total
12 807
13 095
-
-
Income
97 000
97 000
97 000
97 000
Total tax
17 703
22 795
27 080
38 025
After tax
79 297
74 205
69 920
58 975
Living cost
6 724
6 724
6 724
6 724
Free-cash
72 573
67 481
63 196
52 251

Estimated living cost  is ₴6724 per week

₴4165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31267
₴20609
₴24834
₴29004
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 000
social contributions
-
-
-
24 908
regional
-
-
-
2 234
municipal
-
-
-
649
national
-
-
-
24 549
total
-
-
-
52 340
Employee
41 937
-
97 000
-
municipal
250
-
579
-
national
7 087
-
21 347
-
regional
633
-
1 983
-
social contributions
14 141
-
32 656
-
total
22 111
-
56 565
-
Employer
41 937
-
97 000
-
total
-
-
-
-
Corporate
55 063
97 000
-
-
municipal
2 654
4 675
-
-
nationa
13 215
23 280
-
-
total
15 869
27 955
-
-
Dividends
39 194
69 045
-
-
withholding
10 190
17 952
-
-
total
10 190
17 952
-
-
Income
97 000
97 000
97 000
97 000
Total tax
48 170
45 907
56 565
52 340
After tax
48 830
51 093
40 435
44 660
Living cost
19 826
19 826
19 826
19 826
Free-cash
29 004
31 267
20 609
24 834

Estimated living cost  is ₴19826 per week

₴13927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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