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
₴ 97500
per

Your estimated
City
free-cash

Dresden , Germany
₴36166
₴40904
₴35005
₴47225
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 500
trade
-
-
-
12 220
income

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

-
-
-
32 584
health

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

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

-
-
-
2 926
surtax

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

-
-
-
1 792
total
-
-
-
49 522
Employee

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

16 382
-
97 500
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
1 792
-
income

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

458
-
32 584
-
total
3 409
-
37 302
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
81 118
97 500
-
-
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.

669
805
-
-
income
12 168
14 625
-
-
trade
12 776
15 356
-
-
chamber of commerce
181
205
-
-
total
25 794
30 991
-
-
Dividends
55 324
66 509
-
-
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.

752
905
-
-
withholding
13 668
16 465
-
-
total
14 420
17 370
-
-
Income
97 500
97 500
97 500
97 500
Total tax
43 623
48 361
37 302
49 522
After tax
53 877
49 139
60 198
47 978
Living cost
12 973
12 973
12 973
12 973
Free-cash
40 904
36 166
47 225
35 005

Estimated living cost  is ₴12973 per week

₴8161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
₴39197
₴38836
₴33794
₴34317
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
municipal
-
-
-
10 839
pensions
-
-
-
11 700
national
-
-
-
18 476
social contributions
-
-
-
1 048
total
-
-
-
42 063
Employee
33 550
-
84 288
-
municipal
4 144
-
11 216
-
pensions
1 342
-
3 372
-
national
6 422
-
19 303
-
total
11 908
-
33 891
-
Employer
33 550
-
84 288
-
social contributions
361
-
906
-
pensions
2 684
-
6 743
-
total
3 045
-
7 649
-
Corporate
58 690
97 500
-
-
income

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

11 738
19 500
-
-
total
11 738
19 500
-
-
Dividends
46 952
78 000
-
-
withholding
10 330
17 160
-
-
total
10 330
17 160
-
-
Income
97 500
97 500
97 500
97 500
Total tax
37 021
36 660
41 540
42 063
After tax
60 479
60 840
55 960
55 437
Living cost
21 643
21 643
21 643
21 643
Free-cash
38 836
39 197
34 317
33 794

Estimated living cost  is ₴21643 per week

₴14710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
₴69089
₴65575
₴26628
₴33539
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 500
microenterprise
-
-
-
-
income
-
-
-
20 687
surtax
-
-
-
24 863
social contributions

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

-
-
-
16 411
total
-
-
-
61 961
Employee
12 515
-
76 760
-
social contributions

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

1 377
-
5 615
-
surtax
-
-
11 131
-
income
2 228
-
17 564
-
total
3 605
-
34 310
-
Employer
12 515
-
76 760
-
social contributions

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

3 015
-
12 297
-
surtax
-
-
8 443
-
total
3 015
-
20 740
-
Corporate
81 970
97 500
-
-
income

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

16 394
19 500
-
-
total
16 394
19 500
-
-
Dividends

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

65 576
78 000
-
-
total
-
-
-
-
Income
97 500
97 500
97 500
97 500
Total tax
23 014
19 500
55 050
61 961
After tax
74 486
78 000
42 450
35 539
Living cost
8 911
8 911
8 911
8 911
Free-cash
65 575
69 089
33 539
26 628

Estimated living cost  is ₴8911 per week

₴5685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴30658
₴28033
₴34351
₴44411
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
34 906
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
45 206
Employee
36 576
36 576
89 540
-
health
5 614
4 775
5 282
-
income

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

5 987
5 987
16 887
-
pensions
6 584
5 018
5 018
-
total
18 185
15 780
27 187
-
Employer
36 576
36 576
89 540
-
unemployment
1 317
1 317
1 636
-
pensions
2 546
2 546
3 164
-
health
2 542
2 542
3 159
-
total
6 405
6 405
7 959
-
Corporate
54 968
54 519
-
-
income
10 993
10 904
-
-
total
10 993
10 904
-
-
Dividends
43 974
43 615
-
-
income
9 345
9 268
-
-
withholding
6 596
6 542
-
-
total
15 941
15 810
-
-
Income
97 500
97 500
97 500
97 500
Total tax
51 524
48 899
35 146
45 206
After tax
45 976
48 601
62 354
52 294
Living cost
17 943
17 943
17 943
17 943
Free-cash
28 033
30 658
44 411
34 351

Estimated living cost  is ₴17943 per week

₴12716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴36687
₴36316
₴32010
₴31608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
municipal
-
-
-
25 941
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
12 494
total
-
-
-
48 942
Employee
23 580
-
86 105
-
municipal
7 032
-
25 676
-
national
-
-
12 272
-
total
7 032
-
37 948
-
Employer
23 580
-
86 105
-
accident
47
-
73
-
other
2 740
-
4 214
-
unemployment
622
-
957
-
pensions
2 549
-
3 921
-
health
1 450
-
2 231
-
total
7 408
-
11 396
-
Corporate
66 511
97 500
-
-
income
14 632
21 450
-
-
total
14 632
21 450
-
-
Dividends
51 879
76 050
-
-
withholding
15 564
22 815
-
-
total
15 564
22 815
-
-
Income
97 500
97 500
97 500
97 500
Total tax
44 636
44 265
49 344
48 942
After tax
52 864
53 235
48 156
48 558
Living cost
16 548
16 548
16 548
16 548
Free-cash
36 316
36 687
31 608
32 010

Estimated living cost  is ₴16548 per week

₴10968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴31810
₴37831
₴30609
₴43372
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 500
trade
-
-
-
12 763
income

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

-
-
-
32 584
health

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

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

-
-
-
2 926
surtax

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

-
-
-
1 792
total
-
-
-
50 065
Employee

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

21 721
-
97 500
-
health

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

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

2 926
-
2 926
-
surtax

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

102
-
1 792
-
income

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

1 866
-
32 584
-
total
4 894
-
37 302
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
75 779
97 500
-
-
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.

625
805
-
-
income
11 367
14 625
-
-
trade
12 466
16 039
-
-
chamber of commerce
173
204
-
-
total
24 631
31 673
-
-
Dividends
51 148
65 827
-
-
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.

694
897
-
-
withholding
12 624
16 294
-
-
total
13 318
17 191
-
-
Income
97 500
97 500
97 500
97 500
Total tax
42 843
48 864
37 302
50 065
After tax
54 657
48 636
60 198
47 435
Living cost
16 826
16 826
16 826
16 826
Free-cash
37 831
31 810
43 372
30 609

Estimated living cost  is ₴16826 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
₴57163
₴55388
₴51645
₴50848
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
22 547
health
-
-
-
2 486
social contributions
-
-
-
6 930
total
-
-
-
31 963
Employee
32 935
32 935
92 109
-
social contributions
1 600
2 733
3 687
-
health
328
560
1 565
-
income
3 458
3 049
22 117
-
total
5 386
6 342
27 369
-
Employer
32 935
32 935
92 109
-
social contributions
1 600
2 733
3 687
-
health
357
610
1 704
-
total
1 957
3 343
5 391
-
Corporate
76 264
61 222
-
-
income
9 533
7 653
-
-
total
9 533
7 653
-
-
Dividends
66 731
53 569
-
-
withholding
11 344
9 107
-
-
total
11 344
9 107
-
-
Income
97 500
97 500
97 500
97 500
Total tax
28 220
26 445
32 760
31 963
After tax
69 280
71 055
64 740
65 537
Living cost
13 892
13 892
13 892
13 892
Free-cash
55 388
57 163
50 848
51 645

Estimated living cost  is ₴13892 per week

₴9497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴46941
₴47103
₴59761
₴48739
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
11 919
pensions
-
-
-
9 750
unemployment
-
-
-
1 462
health
-
-
-
6 825
total
-
-
-
29 956
Employee

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

The minimum wage is 138,000 HUF per month.

11 234
4 471
81 590
-
health
786
313
5 711
-
income
1 373
547
9 974
-
pensions
1 123
447
8 159
-
unemployment
169
67
1 224
-
total
3 451
1 374
25 068
-
Employer

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

The minimum wage is 138,000 HUF per month.

11 234
4 471
81 590
-
pensions
2 191
872
15 910
-
total
2 191
872
15 910
-
Corporate
84 075
92 157
-
-
income
7 567
8 294
-
-
total
7 567
8 294
-
-
Dividends
76 508
83 863
-
-
social contributions
14 868
16 302
-
-
withholding
14 537
15 934
-
-
total
29 405
32 236
-
-
Income
97 500
97 500
97 500
97 500
Total tax
42 614
42 776
40 978
29 956
After tax
54 886
54 724
56 522
67 544
Living cost
7 783
7 783
7 783
7 783
Free-cash
47 103
46 941
48 739
59 761

Estimated living cost  is ₴7783 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
₴67655
₴64994
₴41915
₴45853
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
13 065
pensions
-
-
-
19 500
health
-
-
-
12 675
total
-
-
-
45 240
Employee
12 151
-
72 870
-
income
1 368
-
14 049
-
pensions
243
-
1 457
-
unemployment
194
-
1 166
-
total
1 805
-
16 672
-
Employer
12 151
-
72 870
-
unemployment
98
-
583
-
pensions
2 430
-
14 574
-
health
1 579
-
9 473
-
total
4 107
-
24 630
-
Corporate
81 242
97 500
-
-
income
16 249
19 500
-
-
total
16 249
19 500
-
-
Dividends
64 994
78 000
-
-
total
-
-
-
-
Income
97 500
97 500
97 500
97 500
Total tax
22 161
19 500
41 302
45 240
After tax
75 339
78 000
56 198
52 260
Living cost
10 345
10 345
10 345
10 345
Free-cash
64 994
67 655
45 853
41 915

Estimated living cost  is ₴10345 per week

₴7096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴1468
₴6461
₴57204
₴44384
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
accident
-
-
-
108
income
-
-
-
27 965
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
30 930
Employee
14 734
-
89 137
-
health
1 687
-
10 206
-
income
2 021
-
21 932
-
pensions
1 659
-
3 248
-
total
5 367
-
35 386
-
Employer
14 734
-
89 137
-
accident
246
-
1 489
-
unemployment
361
-
2 184
-
pensions
2 396
-
4 691
-
total
3 003
-
8 364
-
Corporate
79 763
97 500
-
-
income

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

71 787
87 750
-
-
total
71 787
87 750
-
-
Dividends
7 976
9 750
-
-
withholding
1 516
1 852
-
-
total
1 516
1 852
-
-
Income
97 500
97 500
97 500
97 500
Total tax
81 673
89 602
43 750
30 930
After tax
15 827
7 898
53 750
66 570
Living cost
9 366
9 366
9 366
9 366
Free-cash
6 461
-1 468
44 384
57 204

Estimated living cost  is ₴9366 per week

₴6865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴195
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴88772
₴88050
₴92672
₴74147
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
97 500
microenterprise

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

-
-
-
975
total
-
-
-
975
Employee
4 817
-
97 500
-
income
963
-
19 500
-
total
963
-
19 500
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

92 683
97 500
-
-
total
-
-
-
-
Dividends
92 683
97 500
-
-
withholding
4 634
4 875
-
-
total
4 634
4 875
-
-
Income
97 500
97 500
97 500
97 500
Total tax
5 597
4 875
19 500
975
After tax
91 903
92 625
78 000
96 525
Living cost
3 853
3 853
3 853
3 853
Free-cash
88 050
88 772
74 147
92 672

Estimated living cost  is ₴3853 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
₴60221
₴57329
₴47330
₴46528
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
17 165
pensions

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

-
-
-
15 632
other
-
-
-
3 094
health
-
-
-
2 866
total
-
-
-
38 757
Employee
15 552
-
80 960
-
health
218
-
912
-
income
2 677
-
16 897
-
pensions

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

1 088
-
4 559
-
unemployment
155
-
651
-
total
4 138
-
23 019
-
Employer
15 552
-
80 960
-
accident
124
-
648
-
other
778
-
3 256
-
unemployment
155
-
651
-
pensions

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

2 644
-
11 073
-
health
218
-
912
-
total
3 919
-
16 540
-
Corporate
78 029
97 500
-
-
income
16 386
20 475
-
-
total
16 386
20 475
-
-
Dividends
61 643
77 025
-
-
withholding
4 315
5 391
-
-
total
4 315
5 391
-
-
Income
97 500
97 500
97 500
97 500
Total tax
28 758
25 866
39 559
38 757
After tax
68 742
71 634
57 941
58 743
Living cost
11 413
11 413
11 413
11 413
Free-cash
57 329
60 221
46 528
47 330

Estimated living cost  is ₴11413 per week

₴8064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴32728
₴36189
₴34273
₴25567
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
30 180
pensions
-
-
-
4 302
total
-
-
-
34 482
Employee
40 669
-
84 969
-
health
670
-
1 147
-
income
7 331
-
24 377
-
pensions
3 923
-
5 133
-
total
11 924
-
30 657
-
Employer
40 669
-
84 969
-
pensions
4 802
-
10 916
-
health
772
-
1 615
-
total
5 574
-
12 531
-
Corporate
51 256
97 500
-
-
income

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

9 739
18 525
-
-
total
9 739
18 525
-
-
Dividends
41 517
78 975
-
-
withholding
5 329
17 502
-
-
total
5 329
17 502
-
-
Income
97 500
97 500
97 500
97 500
Total tax
32 566
36 027
43 188
34 482
After tax
64 934
61 473
54 312
63 018
Living cost
28 745
28 745
28 745
28 745
Free-cash
36 189
32 728
25 567
34 273

Estimated living cost  is ₴28745 per week

₴21539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
₴77744
₴75753
₴73258
₴77319
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
14 625
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
18 623
Employee
7 440
-
94 563
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
9 456
-
pensions

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

653
-
1 314
-
total
1 821
-
11 624
-
Employer
7 440
-
94 563
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
88 600
97 500
-
-
income
8 860
9 750
-
-
total
8 860
9 750
-
-
Dividends
79 739
87 750
-
-
withholding
3 987
4 387
-
-
total
3 987
4 387
-
-
Income
97 500
97 500
97 500
97 500
Total tax
16 128
14 137
14 562
18 623
After tax
81 372
83 363
82 938
78 877
Living cost
5 619
5 619
5 619
5 619
Free-cash
75 753
77 744
77 319
73 258

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴24850
₴25927
₴28543
₴38603
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
34 906
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
45 206
Employee
39 710
36 576
89 540
-
health
4 954
4 775
5 282
-
income

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

5 987
5 987
16 887
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
27 187
-
Employer
39 710
36 576
89 540
-
unemployment
1 430
1 317
1 636
-
pensions
2 764
2 546
3 164
-
health
2 759
2 542
3 159
-
total
6 953
6 405
7 959
-
Corporate
50 837
54 519
-
-
income
10 167
10 904
-
-
total
10 167
10 904
-
-
Dividends
40 670
43 615
-
-
income
8 643
9 268
-
-
withholding
6 100
6 542
-
-
total
14 743
15 810
-
-
Income
97 500
97 500
97 500
97 500
Total tax
47 822
48 899
35 146
45 206
After tax
49 678
48 601
62 354
52 294
Living cost
23 751
23 751
23 751
23 751
Free-cash
25 927
24 850
38 603
28 543

Estimated living cost  is ₴23751 per week

₴17520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴56871
₴53211
₴47550
₴43246
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
10 436
health
-
-
-
13 163
solidarity contribution
-
-
-
1 332
social contributions
-
-
-
14 761
total
-
-
-
39 692
Employee
15 086
-
77 855
-
social contributions
981
-
3 286
-
health
2 037
-
10 510
-
solidarity contribution
-
-
946
-
income
1 810
-
9 609
-
total
4 828
-
24 351
-
Employer
15 086
-
77 855
-
social contributions
3 771
-
12 638
-
health
1 358
-
7 007
-
total
5 129
-
19 645
-
Corporate
77 285
97 500
-
-
income
14 684
18 525
-
-
total
14 684
18 525
-
-
Dividends
62 601
78 975
-
-
withholding
9 390
11 846
-
-
total
9 390
11 846
-
-
Income
97 500
97 500
97 500
97 500
Total tax
34 031
30 371
43 996
39 692
After tax
63 469
67 129
53 504
57 808
Living cost
10 258
10 258
10 258
10 258
Free-cash
53 211
56 871
43 246
47 550

Estimated living cost  is ₴10258 per week

₴7125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴33947
₴31710
₴28987
₴25356
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
municipal
-
-
-
609
regional
-
-
-
1 238
national
-
-
-
27 156
social contributions
-
-
-
21 437
total
-
-
-
50 440
Employee
38 066
-
97 500
-
social contributions
12 836
-
28 104
-
regional
359
-
1 123
-
municipal
202
-
555
-
national
6 596
-
24 289
-
total
19 993
-
54 071
-
Employer
38 066
-
97 500
-
total
-
-
-
-
Corporate
59 434
97 500
-
-
nationa
14 264
23 400
-
-
municipal
2 318
3 802
-
-
total
16 582
27 202
-
-
Dividends
42 852
70 298
-
-
withholding
11 142
18 278
-
-
total
11 142
18 278
-
-
Income
97 500
97 500
97 500
97 500
Total tax
47 717
45 480
54 071
50 440
After tax
49 783
52 020
43 429
47 060
Living cost
18 073
18 073
18 073
18 073
Free-cash
31 710
33 947
25 356
28 987

Estimated living cost  is ₴18073 per week

₴12598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴51877
₴50543
₴36396
₴33778
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
30 845
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
5 219
total
-
-
-
51 653
Employee
14 164
-
85 467
-
other
-
-
-
-
health
362
-
1 457
-
surtax
46
-
4 706
-
income
2 374
-
28 283
-
pensions
944
-
3 813
-
unemployment
986
-
3 979
-
total
4 712
-
42 238
-
Employer
14 164
-
85 467
-
other
-
-
-
-
unemployment
449
-
1 812
-
pensions
1 888
-
7 620
-
health
645
-
2 601
-
total
2 982
-
12 033
-
Corporate
80 355
97 500
-
-
income
20 892
25 350
-
-
total
20 892
25 350
-
-
Dividends
59 462
72 150
-
-
withholding
8 920
10 822
-
-
total
8 920
10 822
-
-
Income
97 500
97 500
97 500
97 500
Total tax
37 506
36 172
54 271
51 653
After tax
59 994
61 328
43 229
45 847
Living cost
9 451
9 451
9 451
9 451
Free-cash
50 543
51 877
33 778
36 396

Estimated living cost  is ₴9451 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴41835
₴44673
₴43380
₴34674
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
30 180
pensions
-
-
-
4 302
total
-
-
-
34 482
Employee
27 256
-
84 969
-
health
396
-
1 147
-
income
4 909
-
24 377
-
pensions
2 313
-
5 133
-
total
7 618
-
30 657
-
Employer
27 256
-
84 969
-
pensions
2 950
-
10 916
-
health
518
-
1 615
-
total
3 468
-
12 531
-
Corporate
66 776
97 500
-
-
income

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

12 688
18 525
-
-
total
12 688
18 525
-
-
Dividends
54 089
78 975
-
-
withholding
9 415
17 502
-
-
total
9 415
17 502
-
-
Income
97 500
97 500
97 500
97 500
Total tax
33 189
36 027
43 188
34 482
After tax
64 311
61 473
54 312
63 018
Living cost
19 638
19 638
19 638
19 638
Free-cash
44 673
41 835
34 674
43 380

Estimated living cost  is ₴19638 per week

₴14712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
₴12212
₴26062
₴44830
₴41381
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
city
-
-
-
1 028
pensions
-
-
-
8 970
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.

-
-
-
1 950
regional
-
-
-
5 524
health
-
-
-
219
national
-
-
-
2 607
total
-
-
-
20 298
Employee
37 883
-
87 816
-
city
407
-
950
-
regional
1 240
-
4 942
-
health
86
-
198
-
pensions
3 183
-
6 764
-
unemployment
-
-
-
-
national
179
-
2 175
-
total
5 095
-
15 029
-
Employer
37 883
-
87 816
-
other

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

757
-
1 756
-
unemployment
-
-
-
-
pensions
3 183
-
6 764
-
health
86
-
198
-
total
4 026
-
8 718
-
Corporate
55 174
97 500
-
-
regional
11 669
20 621
-
-
national
4 690
8 288
-
-
total
16 359
28 909
-
-
Dividends
38 815
68 591
-
-
withholding
13 586
24 007
-
-
total
13 586
24 007
-
-
Income
97 500
97 500
97 500
97 500
Total tax
39 066
52 916
23 747
20 298
After tax
58 434
44 584
73 753
77 202
Living cost
32 372
32 372
32 372
32 372
Free-cash
26 062
12 212
41 381
44 830

Estimated living cost  is ₴32372 per week

₴21051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
₴28515
₴35460
₴27271
₴40577
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 500
trade
-
-
-
13 306
income

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

-
-
-
32 584
health

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

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

-
-
-
2 926
surtax

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

-
-
-
1 792
total
-
-
-
50 608
Employee

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

25 741
-
97 500
-
health

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

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

2 926
-
2 926
-
surtax

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

167
-
1 792
-
income

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

3 027
-
32 584
-
total
6 120
-
37 302
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 759
97 500
-
-
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
805
-
-
income
10 764
14 625
-
-
trade
12 307
16 721
-
-
chamber of commerce
166
202
-
-
total
23 829
32 353
-
-
Dividends
47 931
65 147
-
-
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.

650
887
-
-
withholding
11 820
16 124
-
-
total
12 470
17 011
-
-
Income
97 500
97 500
97 500
97 500
Total tax
42 419
49 364
37 302
50 608
After tax
55 081
48 136
60 198
46 892
Living cost
19 621
19 621
19 621
19 621
Free-cash
35 460
28 515
40 577
27 271

Estimated living cost  is ₴19621 per week

₴14331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3467
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
₴34485
₴37018
₴38600
₴35672
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
18 350
pensions
-
-
-
15 283
other
-
-
-
3 023
health
-
-
-
4 812
surtax
-
-
-
-
social contributions
-
-
-
2 778
total
-
-
-
44 246
Employee
18 331
-
74 320
-
social contributions
523
-
2 117
-
surtax
-
-
-
-
income
1 082
-
16 236
-
pensions
2 073
-
5 641
-
total
3 678
-
23 994
-
Employer
18 331
-
74 320
-
other
632
-
3 100
-
social contributions
55
-
223
-
unemployment
742
-
3 010
-
pensions
3 011
-
9 411
-
health
1 283
-
7 436
-
total
5 723
-
23 180
-
Corporate
73 444
97 500
-
-
surtax
-
-
-
-
income
20 565
27 300
-
-
total
20 565
27 300
-
-
Dividends
52 880
70 200
-
-
surtax
-
-
-
-
social contributions
9 094
12 075
-
-
withholding
6 768
8 986
-
-
total
15 862
21 061
-
-
Income
97 500
97 500
97 500
97 500
Total tax
45 828
48 361
47 174
44 246
After tax
51 672
49 139
50 326
53 254
Living cost
14 654
14 654
14 654
14 654
Free-cash
37 018
34 485
35 672
38 600

Estimated living cost  is ₴14654 per week

₴9240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴35937
₴38317
₴40052
₴37124
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
18 350
pensions
-
-
-
15 283
other
-
-
-
3 023
health
-
-
-
4 812
surtax
-
-
-
-
social contributions
-
-
-
2 778
total
-
-
-
44 246
Employee
16 363
-
74 320
-
social contributions
467
-
2 117
-
surtax
-
-
-
-
income
844
-
16 236
-
pensions
1 851
-
5 641
-
total
3 162
-
23 994
-
Employer
16 363
-
74 320
-
other
565
-
3 100
-
social contributions
49
-
223
-
unemployment
662
-
3 010
-
pensions
2 689
-
9 411
-
health
1 145
-
7 436
-
total
5 110
-
23 180
-
Corporate
76 027
97 500
-
-
surtax
-
-
-
-
income
21 287
27 300
-
-
total
21 287
27 300
-
-
Dividends
54 739
70 200
-
-
surtax
-
-
-
-
social contributions
9 416
12 075
-
-
withholding
7 006
8 986
-
-
total
16 422
21 061
-
-
Income
97 500
97 500
97 500
97 500
Total tax
45 981
48 361
47 174
44 246
After tax
51 519
49 139
50 326
53 254
Living cost
13 202
13 202
13 202
13 202
Free-cash
38 317
35 937
37 124
40 052

Estimated living cost  is ₴13202 per week

₴7657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴50402
₴50623
₴53532
₴50874
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
14 625
health
-
-
-
6 806
social contributions
-
-
-
13 455
total
-
-
-
34 886
Employee
14 522
-
97 500
-
social contributions
2 004
-
13 455
-
health
1 014
-
6 806
-
income
2 422
-
17 283
-
total
5 440
-
37 544
-
Employer
14 522
-
97 500
-
total
-
-
-
-
Corporate
82 978
97 500
-
-
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%.

4 149
4 875
-
-
total
4 149
4 875
-
-
Dividends
78 829
92 625
-
-
health
5 502
6 465
-
-
social contributions
10 879
12 782
-
-
withholding
11 825
13 894
-
-
total
28 206
33 141
-
-
Income
97 500
97 500
97 500
97 500
Total tax
37 795
38 016
37 544
34 886
After tax
59 705
59 484
59 956
62 614
Living cost
9 082
9 082
9 082
9 082
Free-cash
50 623
50 402
50 874
53 532

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴38643
₴37981
₴34837
₴10456
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
chamber of commerce
-
-
-
390
income
-
-
-
31 385
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
85
total
-
-
-
47 571
Employee
21 405
17 069
80 772
-
other
214
171
501
-
health
828
661
1 936
-
income
2 437
1 259
26 374
-
pensions
2 192
1 748
5 124
-
unemployment
642
512
1 501
-
total
6 313
4 351
35 436
-
Employer
21 405
17 069
80 772
-
accident
278
222
650
-
other
1 017
810
3 576
-
chamber of commerce
85
68
323
-
unemployment
642
512
1 501
-
surtax
85
85
85
-
pensions
2 686
2 143
6 280
-
payroll
642
512
2 423
-
health
809
645
1 891
-
total
6 244
4 997
16 729
-
Corporate
69 851
75 434
79 146
-
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.

17 463
18 859
19 787
-
total
17 463
18 859
19 787
-
Dividends
52 388
56 575
-
-
withholding
14 407
15 558
-
-
total
14 407
15 558
-
-
Income
97 500
97 500
97 500
97 500
Total tax
44 427
43 765
71 952
47 571
After tax
53 073
53 735
25 548
49 929
Living cost
15 092
15 092
15 092
15 092
Free-cash
37 981
38 643
10 456
34 837

Estimated living cost  is ₴15092 per week

₴10066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
₴37824
₴32442
₴26795
₴17478
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
national
-
-
-
39 200
communal

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

-
-
-
5 209
social contributions
-
-
-
10 679
total
-
-
-
55 088
Employee

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

30 637
-
75 517
-
communal

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

1 598
-
3 939
-
health

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

1 439
-
3 549
-
pensions

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

2 298
-
5 664
-
unemployment

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

267
-
657
-
national
9 419
-
28 613
-
total
15 021
-
42 422
-
Employer

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

30 637
-
75 517
-
accident

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

398
-
982
-
unemployment

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

447
-
1 102
-
surtax
3 474
-
8 564
-
pensions

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

2 715
-
6 691
-
health

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

1 884
-
4 644
-
total
8 918
-
21 983
-
Corporate
57 944
97 500
-
-
surtax
232
419
-
-
income
11 589
20 960
-
-
total
11 821
21 379
-
-
Dividends
46 124
76 121
-
-
withholding

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

13 681
22 680
-
-
total
13 681
22 680
-
-
Income
97 500
97 500
97 500
97 500
Total tax
49 441
44 059
64 405
55 088
After tax
48 059
53 441
33 095
42 412
Living cost
15 617
15 617
15 617
15 617
Free-cash
32 442
37 824
17 478
26 795

Estimated living cost  is ₴15617 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴49256
₴46322
₴39001
₴37205
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
accident
-
-
-
358
income
-
-
-
31 120
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
43 031
Employee
21 320
-
84 844
-
other
21
-
40
-
income
4 498
-
29 650
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 852
-
32 171
-
Employer
21 320
-
84 844
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
69 384
97 500
-
-
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.

10 408
14 625
-
-
total
10 408
14 625
-
-
Dividends
58 976
82 875
-
-
withholding
12 654
18 151
-
-
total
12 654
18 151
-
-
Income
97 500
97 500
97 500
97 500
Total tax
35 710
32 776
44 827
43 031
After tax
61 790
64 724
52 673
54 469
Living cost
15 468
15 468
15 468
15 468
Free-cash
46 322
49 256
37 205
39 001

Estimated living cost  is ₴15468 per week

₴11391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴31839
₴25949
₴22459
₴26347
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
accident
-
-
-
822
income
-
-
-
18 483
pensions
-
-
-
14 614
health
-
-
-
6 850
surtax
-
-
-
4 834
communal
-
-
-
6 162
total
-
-
-
51 765
Employee
32 436
-
87 093
-
health
1 444
-
3 875
-
surtax
1 988
-
5 338
-
income
3 133
-
21 290
-
pensions
2 594
-
6 967
-
total
9 159
-
37 470
-
Employer
32 436
-
87 093
-
accident
292
-
784
-
pensions
2 594
-
6 967
-
health
989
-
2 656
-
total
3 875
-
10 407
-
Corporate
61 189
97 500
-
-
surtax
642
1 024
-
-
communal
4 130
6 581
-
-
income
9 178
14 625
-
-
total
13 950
22 230
-
-
Dividends
47 239
75 270
-
-
income
14 205
8 864
-
-
withholding
7 086
11 291
-
-
total
21 291
20 155
-
-
Income
97 500
97 500
97 500
97 500
Total tax
48 275
42 385
47 877
51 765
After tax
49 225
55 115
49 623
45 735
Living cost
23 276
23 276
23 276
23 276
Free-cash
25 949
31 839
26 347
22 459

Estimated living cost  is ₴23276 per week

₴17461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴51708
₴50345
₴36227
₴33609
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
30 845
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
5 219
total
-
-
-
51 653
Employee
14 424
-
85 467
-
other
-
-
-
-
health
368
-
1 457
-
surtax
51
-
4 706
-
income
2 418
-
28 283
-
pensions
962
-
3 813
-
unemployment
1 004
-
3 979
-
total
4 803
-
42 238
-
Employer
14 424
-
85 467
-
other
-
-
-
-
unemployment
458
-
1 812
-
pensions
1 923
-
7 620
-
health
656
-
2 601
-
total
3 037
-
12 033
-
Corporate
80 039
97 500
-
-
income
20 810
25 350
-
-
total
20 810
25 350
-
-
Dividends
59 229
72 150
-
-
withholding
8 885
10 822
-
-
total
8 885
10 822
-
-
Income
97 500
97 500
97 500
97 500
Total tax
37 535
36 172
54 271
51 653
After tax
59 965
61 328
43 229
45 847
Living cost
9 620
9 620
9 620
9 620
Free-cash
50 345
51 708
33 609
36 227

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴39710
₴38758
₴35216
₴31605
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
municipal
-
-
-
609
regional
-
-
-
1 544
national
-
-
-
27 156
social contributions
-
-
-
21 437
total
-
-
-
50 746
Employee
23 759
-
97 500
-
social contributions
8 012
-
28 104
-
regional
320
-
1 409
-
municipal
126
-
555
-
national
3 764
-
24 289
-
total
12 222
-
54 357
-
Employer
23 759
-
97 500
-
total
-
-
-
-
Corporate
73 741
97 500
-
-
nationa
17 698
23 400
-
-
municipal
3 665
4 846
-
-
total
21 363
28 246
-
-
Dividends
52 378
69 254
-
-
withholding
13 619
18 006
-
-
total
13 619
18 006
-
-
Income
97 500
97 500
97 500
97 500
Total tax
47 204
46 252
54 357
50 746
After tax
50 296
51 248
43 143
46 754
Living cost
11 538
11 538
11 538
11 538
Free-cash
38 758
39 710
31 605
35 216

Estimated living cost  is ₴11538 per week

₴7175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴54488
₴49978
₴45167
₴40863
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
10 436
health
-
-
-
13 163
solidarity contribution
-
-
-
1 332
social contributions
-
-
-
14 761
total
-
-
-
39 692
Employee
18 589
-
77 855
-
social contributions
1 208
-
3 286
-
health
2 510
-
10 510
-
solidarity contribution
-
-
946
-
income
2 231
-
9 609
-
total
5 949
-
24 351
-
Employer
18 589
-
77 855
-
social contributions
4 647
-
12 638
-
health
1 673
-
7 007
-
total
6 320
-
19 645
-
Corporate
72 590
97 500
-
-
income
13 792
18 525
-
-
total
13 792
18 525
-
-
Dividends
58 798
78 975
-
-
withholding
8 820
11 846
-
-
total
8 820
11 846
-
-
Income
97 500
97 500
97 500
97 500
Total tax
34 881
30 371
43 996
39 692
After tax
62 619
67 129
53 504
57 808
Living cost
12 641
12 641
12 641
12 641
Free-cash
49 978
54 488
40 863
45 167

Estimated living cost  is ₴12641 per week

₴9400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴40116
₴39904
₴36349
₴11907
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
chamber of commerce
-
-
-
390
income
-
-
-
31 385
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
-
total
-
-
-
47 486
Employee
18 723
17 069
80 851
-
other
187
171
501
-
health
724
661
1 936
-
income
1 668
1 259
26 412
-
pensions
1 917
1 748
5 124
-
unemployment
562
512
1 501
-
total
5 058
4 351
35 474
-
Employer
18 723
17 069
80 851
-
accident
243
222
650
-
other
889
810
3 578
-
chamber of commerce
75
68
323
-
unemployment
562
512
1 501
-
surtax
-
-
-
-
pensions
2 350
2 143
6 280
-
payroll
562
512
2 425
-
health
708
645
1 891
-
total
5 389
4 912
16 648
-
Corporate
73 389
75 519
79 225
-
income

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

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

18 347
18 880
19 806
-
total
18 347
18 880
19 806
-
Dividends
55 042
56 639
-
-
withholding
15 137
15 576
-
-
total
15 137
15 576
-
-
Income
97 500
97 500
97 500
97 500
Total tax
43 931
43 719
71 928
47 486
After tax
53 569
53 781
25 572
50 014
Living cost
13 665
13 665
13 665
13 665
Free-cash
39 904
40 116
11 907
36 349

Estimated living cost  is ₴13665 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₴86620
₴85494
₴90520
₴71995
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
97 500
microenterprise

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

-
-
-
975
total
-
-
-
975
Employee
7 506
-
97 500
-
income
1 501
-
19 500
-
total
1 501
-
19 500
-
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%.

89 994
97 500
-
-
total
-
-
-
-
Dividends
89 994
97 500
-
-
withholding
4 500
4 875
-
-
total
4 500
4 875
-
-
Income
97 500
97 500
97 500
97 500
Total tax
6 001
4 875
19 500
975
After tax
91 499
92 625
78 000
96 525
Living cost
6 005
6 005
6 005
6 005
Free-cash
85 494
86 620
71 995
90 520

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴55640
₴52060
₴33658
₴31542
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 500
income
-
-
-
24 808
pensions
-
-
-
17 806
unemployment
-
-
-
146
health
-
-
-
9 594
total
-
-
-
52 354
Employee

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

18 940
-
84 364
-
health
1 223
-
5 450
-
income
3 266
-
22 691
-
pensions
2 936
-
13 076
-
unemployment
27
-
118
-
total
7 452
-
41 335
-
Employer

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

18 940
-
84 364
-
unemployment
11
-
50
-
pensions
1 676
-
7 466
-
health
1 261
-
5 619
-
total
2 948
-
13 135
-
Corporate
75 611
97 500
-
-
income
14 366
18 525
-
-
total
14 366
18 525
-
-
Dividends
61 245
78 975
-
-
withholding
9 186
11 847
-
-
total
9 186
11 847
-
-
Income
97 500
97 500
97 500
97 500
Total tax
33 952
30 372
54 470
52 354
After tax
63 548
67 128
43 030
45 146
Living cost
11 488
11 488
11 488
11 488
Free-cash
52 060
55 640
31 542
33 658

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴40823
₴20433
₴48884
₴73365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
19 005
social contributions
-
-
-
11 115
total
-
-
-
30 120
Employee
26 521
-
-
-
social contributions
2 175
-
310
-
income
5 850
-
-
-
total
8 025
-
310
-
Employer
26 521
-
-
-
social contributions
37 394
-
5 329
-
total
37 394
-
5 329
-
Corporate
33 585
97 500
-
-
income
7 389
21 450
-
-
total
7 389
21 450
-
-
Dividends
26 196
76 050
-
-
income
5 763
16 731
-
-
total
5 763
16 731
-
-
Income
97 500
97 500
97 500
97 500
Total tax
58 571
38 181
5 639
30 120
After tax
38 929
59 319
91 861
67 380
Living cost
18 496
18 496
18 496
18 496
Free-cash
20 433
40 823
73 365
48 884

Estimated living cost  is ₴18496 per week

₴12001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴42023
₴41593
₴37366
₴29708
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 500
income
-
-
-
12 818
surtax
-
-
-
-
social contributions

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

-
-
-
33 881
total
-
-
-
46 699
Employee
19 699
-
78 788
-
social contributions
2 167
-
8 667
-
surtax
-
-
128
-
income
4 097
-
26 850
-
total
6 264
-
35 645
-
Employer
19 699
-
78 788
-
social contributions
4 678
-
18 712
-
total
4 678
-
18 712
-
Corporate
73 122
97 500
-
-
surtax
-
-
-
-
income
15 355
20 475
-
-
total
15 355
20 475
-
-
Dividends
57 767
77 025
-
-
withholding
16 175
21 567
-
-
total
16 175
21 567
-
-
Income
97 500
97 500
97 500
97 500
Total tax
42 472
42 042
54 357
46 699
After tax
55 028
55 458
43 143
50 801
Living cost
13 435
13 435
13 435
13 435
Free-cash
41 593
42 023
29 708
37 366

Estimated living cost  is ₴13435 per week

₴10052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴28452
₴31396
₴32567
₴29639
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
18 350
pensions
-
-
-
15 283
other
-
-
-
3 023
health
-
-
-
4 812
surtax
-
-
-
-
social contributions
-
-
-
2 778
total
-
-
-
44 246
Employee
26 826
-
74 320
-
social contributions
764
-
2 117
-
surtax
-
-
-
-
income
2 341
-
16 236
-
pensions
3 034
-
5 641
-
total
6 139
-
23 994
-
Employer
26 826
-
74 320
-
other
926
-
3 100
-
social contributions
80
-
223
-
unemployment
1 087
-
3 010
-
pensions
4 408
-
9 411
-
health
1 878
-
7 436
-
total
8 379
-
23 180
-
Corporate
62 296
97 500
-
-
surtax
-
-
-
-
income
17 443
27 300
-
-
total
17 443
27 300
-
-
Dividends
44 853
70 200
-
-
surtax
-
-
-
-
social contributions
7 715
12 075
-
-
withholding
5 741
8 986
-
-
total
13 456
21 061
-
-
Income
97 500
97 500
97 500
97 500
Total tax
45 417
48 361
47 174
44 246
After tax
52 083
49 139
50 326
53 254
Living cost
20 687
20 687
20 687
20 687
Free-cash
31 396
28 452
29 639
32 567

Estimated living cost  is ₴20687 per week

₴14001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴74875
₴73436
₴58170
₴60761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
5 004
social contributions
-
-
-
21 451
total
-
-
-
26 455
Employee
13 770
-
84 415
-
income
-
-
5 292
-
social contributions
895
-
5 487
-
total
895
-
10 779
-
Employer
13 770
-
84 415
-
social contributions
2 134
-
13 085
-
total
2 134
-
13 085
-
Corporate
81 596
97 500
-
-
income
8 160
9 750
-
-
total
8 160
9 750
-
-
Dividends
73 436
87 750
-
-
total
-
-
-
-
Income
97 500
97 500
97 500
97 500
Total tax
11 189
9 750
23 864
26 455
After tax
86 311
87 750
73 636
71 045
Living cost
12 875
12 875
12 875
12 875
Free-cash
73 436
74 875
60 761
58 170

Estimated living cost  is ₴12875 per week

₴8325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
₴4139
₴2356
₴35594
₴4139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
municipal
-
-
-
20 964
pensions
-
-
-
371
national
-
-
-
12 164
labour market
-
-
-
7 770
total
-
-
-
41 269
Employee
87 102
87 102
87 102
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 102
87 102
87 102
-
labour market
6 968
6 968
6 968
-
municipal
18 577
18 577
18 577
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 453
36 453
36 453
-
Corporate
4 140
-
-
-
income
911
-
-
-
total
911
-
-
-
Dividends
3 229
-
-
-
withholding
872
-
-
-
total
872
-
-
-
Income
97 500
97 500
97 500
97 500
Total tax
74 507
72 724
72 724
41 269
After tax
22 993
24 776
24 776
56 231
Living cost
20 637
20 637
20 637
20 637
Free-cash
2 356
4 139
4 139
35 594

Estimated living cost  is ₴20637 per week

₴14124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₴1330
₴6483
₴57342
₴44522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
accident
-
-
-
108
income
-
-
-
27 965
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
30 930
Employee
14 517
-
89 137
-
health
1 662
-
10 206
-
income
1 992
-
21 932
-
pensions
1 635
-
3 248
-
total
5 289
-
35 386
-
Employer
14 517
-
89 137
-
accident
242
-
1 489
-
unemployment
356
-
2 184
-
pensions
2 360
-
4 691
-
total
2 958
-
8 364
-
Corporate
80 025
97 500
-
-
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.

72 022
87 750
-
-
total
72 022
87 750
-
-
Dividends
8 002
9 750
-
-
withholding
1 520
1 852
-
-
total
1 520
1 852
-
-
Income
97 500
97 500
97 500
97 500
Total tax
81 789
89 602
43 750
30 930
After tax
15 711
7 898
53 750
66 570
Living cost
9 228
9 228
9 228
9 228
Free-cash
6 483
-1 330
44 522
57 342

Estimated living cost  is ₴9228 per week

₴6717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴43281
₴44604
₴43239
₴32069
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
97 500
municipal
-
-
-
17 312
health
-
-
-
1 322
national
-
-
-
19 183
total
-
-
-
37 817
Employee
22 534
-
82 023
-
health
168
-
1 084
-
municipal
3 691
-
13 351
-
pensions
1 521
-
5 537
-
unemployment
338
-
1 231
-
national
372
-
12 306
-
total
6 090
-
33 509
-
Employer
22 534
-
82 023
-
accident
23
-
82
-
unemployment
146
-
533
-
pensions
3 910
-
14 231
-
health
173
-
632
-
total
4 252
-
15 478
-
Corporate
70 714
97 500
-
-
income
14 143
19 500
-
-
total
14 143
19 500
-
-
Dividends

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

42 428
58 500
-
-
national
4 330
7 745
-
-
municipal
7 637
10 530
-
-
total
11 967
18 275
-
-
Income
97 500
97 500
97 500
97 500
Total tax
36 452
37 775
48 987
37 817
After tax
61 048
59 725
48 513
59 683
Living cost
16 444
16 444
16 444
16 444
Free-cash
44 604
43 281
32 069
43 239

Estimated living cost  is ₴16444 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴61138
₴58808
₴55620
₴54823
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
22 547
health
-
-
-
2 486
social contributions
-
-
-
6 930
total
-
-
-
31 963
Employee
32 935
32 935
92 109
-
social contributions
1 245
2 733
3 687
-
health
255
560
1 565
-
income
3 586
3 049
22 117
-
total
5 086
6 342
27 369
-
Employer
32 935
32 935
92 109
-
social contributions
1 245
2 733
3 687
-
health
277
610
1 704
-
total
1 522
3 343
5 391
-
Corporate
80 974
61 222
-
-
income
10 122
7 653
-
-
total
10 122
7 653
-
-
Dividends
70 853
53 569
-
-
withholding
12 045
9 107
-
-
total
12 045
9 107
-
-
Income
97 500
97 500
97 500
97 500
Total tax
28 775
26 445
32 760
31 963
After tax
68 725
71 055
64 740
65 537
Living cost
9 917
9 917
9 917
9 917
Free-cash
58 808
61 138
54 823
55 620

Estimated living cost  is ₴9917 per week

₴5943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴73940
₴71760
₴76311
₴67721
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
97 500
income
-
-
-
10 102
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
14 389
Employee

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

9 831
-
93 314
-
health
836
-
3 454
-
income
672
-
9 040
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
18 793
-
Employer

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

9 831
-
93 314
-
unemployment
49
-
203
-
pensions
541
-
2 235
-
health
423
-
1 748
-
total
1 013
-
4 186
-
Corporate
86 657
97 500
-
-
income
7 799
8 775
-
-
total
7 799
8 775
-
-
Dividends
78 858
88 725
-
-
withholding
7 097
7 985
-
-
total
7 097
7 985
-
-
Income
97 500
97 500
97 500
97 500
Total tax
18 940
16 760
22 979
14 389
After tax
78 560
80 740
74 521
83 111
Living cost
6 800
6 800
6 800
6 800
Free-cash
71 760
73 940
67 721
76 311

Estimated living cost  is ₴6800 per week

₴4339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴52946
₴51056
₴42691
₴40895
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
accident
-
-
-
358
income
-
-
-
31 120
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
43 031
Employee
15 837
-
84 844
-
other
15
-
40
-
income
3 053
-
29 650
-
pensions
745
-
1 866
-
unemployment
245
-
615
-
total
4 058
-
32 171
-
Employer
15 837
-
84 844
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
76 614
97 500
-
-
income

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

11 492
14 625
-
-
total
11 492
14 625
-
-
Dividends
65 121
82 875
-
-
withholding
14 067
18 151
-
-
total
14 067
18 151
-
-
Income
97 500
97 500
97 500
97 500
Total tax
34 666
32 776
44 827
43 031
After tax
62 834
64 724
52 673
54 469
Living cost
11 778
11 778
11 778
11 778
Free-cash
51 056
52 946
40 895
42 691

Estimated living cost  is ₴11778 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴59670
₴59477
₴61518
₴61436
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
33 340
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
34 812
Employee
1 782
-
96 540
-
health
89
-
213
-
income
345
-
33 295
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
33 935
-
Employer
1 782
-
96 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
95 317
97 500
-
-
income
20 970
21 450
-
-
total
20 970
21 450
-
-
Dividends
74 348
76 050
-
-
withholding
14 870
15 210
-
-
total
14 870
15 210
-
-
Income
97 500
97 500
97 500
97 500
Total tax
36 853
36 660
34 894
34 812
After tax
60 647
60 840
62 606
62 688
Living cost
1 170
1 170
1 170
1 170
Free-cash
59 477
59 670
61 436
61 518

Estimated living cost  is ₴1170 per week

₴695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴63036
₴60928
₴55540
₴55541
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 500
income
-
-
-
22 586
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
34 552
Employee

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

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

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

11 170
-
91 834
-
health
575
-
1 630
-
income
1 540
-
22 586
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
28 885
-
Employer

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

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

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

11 170
-
91 834
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
84 330
97 500
-
-
income
12 650
14 625
-
-
total
12 650
14 625
-
-
Dividends
71 681
82 875
-
-
withholding
10 752
12 431
-
-
total
10 752
12 431
-
-
Income
97 500
97 500
97 500
97 500
Total tax
29 164
27 056
34 551
34 552
After tax
68 336
70 444
62 949
62 948
Living cost
7 408
7 408
7 408
7 408
Free-cash
60 928
63 036
55 541
55 540

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴43911
₴43756
₴39254
₴31596
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 500
income
-
-
-
12 818
surtax
-
-
-
-
social contributions

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

-
-
-
33 881
total
-
-
-
46 699
Employee
16 624
-
78 788
-
social contributions
1 829
-
8 667
-
surtax
-
-
128
-
income
3 248
-
26 850
-
total
5 077
-
35 645
-
Employer
16 624
-
78 788
-
social contributions
3 948
-
18 712
-
total
3 948
-
18 712
-
Corporate
76 928
97 500
-
-
surtax
-
-
-
-
income
16 155
20 475
-
-
total
16 155
20 475
-
-
Dividends
60 773
77 025
-
-
withholding
17 017
21 567
-
-
total
17 017
21 567
-
-
Income
97 500
97 500
97 500
97 500
Total tax
42 197
42 042
54 357
46 699
After tax
55 303
55 458
43 143
50 801
Living cost
11 547
11 547
11 547
11 547
Free-cash
43 756
43 911
31 596
39 254

Estimated living cost  is ₴11547 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴49671
₴46869
₴39416
₴37620
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
accident
-
-
-
358
income
-
-
-
31 120
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
43 031
Employee
20 686
-
84 844
-
other
20
-
40
-
income
4 320
-
29 650
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 632
-
32 171
-
Employer
20 686
-
84 844
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 882
-
9 369
-
total
6 596
-
12 656
-
Corporate
70 219
97 500
-
-
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.

10 533
14 625
-
-
total
10 533
14 625
-
-
Dividends
59 686
82 875
-
-
withholding
12 817
18 151
-
-
total
12 817
18 151
-
-
Income
97 500
97 500
97 500
97 500
Total tax
35 578
32 776
44 827
43 031
After tax
61 922
64 724
52 673
54 469
Living cost
15 053
15 053
15 053
15 053
Free-cash
46 869
49 671
37 620
39 416

Estimated living cost  is ₴15053 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴75991
₴73379
₴71505
₴75566
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
14 625
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
18 623
Employee
9 762
-
94 563
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
9 456
-
pensions

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

857
-
1 314
-
total
2 389
-
11 624
-
Employer
9 762
-
94 563
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
85 822
97 500
-
-
income
8 582
9 750
-
-
total
8 582
9 750
-
-
Dividends
77 240
87 750
-
-
withholding
3 862
4 387
-
-
total
3 862
4 387
-
-
Income
97 500
97 500
97 500
97 500
Total tax
16 749
14 137
14 562
18 623
After tax
80 751
83 363
82 938
78 877
Living cost
7 372
7 372
7 372
7 372
Free-cash
73 379
75 991
75 566
71 505

Estimated living cost  is ₴7372 per week

₴4876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴33605
₴39211
₴32528
₴43662
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 500
trade
-
-
-
11 134
income

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

-
-
-
32 584
health

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

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

-
-
-
2 926
surtax

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

-
-
-
1 792
total
-
-
-
48 436
Employee

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

21 311
-
97 500
-
health

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

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

2 926
-
2 926
-
surtax

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

97
-
1 792
-
income

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

1 752
-
32 584
-
total
4 775
-
37 302
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
76 189
97 500
-
-
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.

628
805
-
-
income
11 428
14 625
-
-
trade
10 933
13 992
-
-
chamber of commerce
176
208
-
-
total
23 165
29 630
-
-
Dividends
53 023
67 871
-
-
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.

720
924
-
-
withholding
13 093
16 805
-
-
total
13 813
17 729
-
-
Income
97 500
97 500
97 500
97 500
Total tax
41 753
47 359
37 302
48 436
After tax
55 747
50 141
60 198
49 064
Living cost
16 536
16 536
16 536
16 536
Free-cash
39 211
33 605
43 662
32 528

Estimated living cost  is ₴16536 per week

₴11407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
₴43852
₴44796
₴24404
₴24404
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
31 920
social contributions
-
-
-
16 777
total
-
-
-
48 697
Employee
33 504
-
97 500
-
income
6 322
-
31 920
-
social contributions
2 783
-
16 777
-
total
9 105
-
48 697
-
Employer
33 504
-
97 500
-
total
-
-
-
-
Corporate
63 996
97 500
-
-
income
8 000
12 187
-
-
total
8 000
12 187
-
-
Dividends
55 997
85 313
-
-
withholding
11 200
17 062
-
-
total
11 200
17 062
-
-
Income
97 500
97 500
97 500
97 500
Total tax
28 305
29 249
48 697
48 697
After tax
69 195
68 251
48 803
48 803
Living cost
24 399
24 399
24 399
24 399
Free-cash
44 796
43 852
24 404
24 404

Estimated living cost  is ₴24399 per week

₴18562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
₴45564
₴47060
₴64466
₴52431
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 500
income
-
-
-
14 625
health

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

-
-
-
2 861
total
-
-
-
17 486
Employee
19 648
-
95 530
-
income
2 132
-
25 581
-
social contributions
1 969
-
1 970
-
total
4 101
-
27 551
-
Employer
19 648
-
95 530
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
75 883
97 500
-
-
income
26 559
34 125
-
-
total
26 559
34 125
-
-
Dividends
49 324
63 375
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
97 500
97 500
97 500
97 500
Total tax
34 892
36 388
29 521
17 486
After tax
62 608
61 112
67 979
80 014
Living cost
15 548
15 548
15 548
15 548
Free-cash
47 060
45 564
52 431
64 466

Estimated living cost  is ₴15548 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴45508
₴48053
₴47053
₴38347
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
income
-
-
-
30 180
pensions
-
-
-
4 302
total
-
-
-
34 482
Employee
21 914
-
84 969
-
health
286
-
1 147
-
income
3 991
-
24 377
-
pensions
1 673
-
5 133
-
total
5 950
-
30 657
-
Employer
21 914
-
84 969
-
pensions
2 214
-
10 916
-
health
416
-
1 615
-
total
2 630
-
12 531
-
Corporate
72 956
97 500
-
-
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.

13 861
18 525
-
-
total
13 861
18 525
-
-
Dividends
59 094
78 975
-
-
withholding
11 041
17 502
-
-
total
11 041
17 502
-
-
Income
97 500
97 500
97 500
97 500
Total tax
33 482
36 027
43 188
34 482
After tax
64 018
61 473
54 312
63 018
Living cost
15 965
15 965
15 965
15 965
Free-cash
48 053
45 508
38 347
47 053

Estimated living cost  is ₴15965 per week

₴10952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴2244
₴6341
₴56428
₴43608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
accident
-
-
-
108
income
-
-
-
27 965
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
30 930
Employee
15 954
-
89 137
-
health
1 827
-
10 206
-
income
2 189
-
21 932
-
pensions
1 796
-
3 248
-
total
5 812
-
35 386
-
Employer
15 954
-
89 137
-
accident
266
-
1 489
-
unemployment
391
-
2 184
-
pensions
2 594
-
4 691
-
total
3 251
-
8 364
-
Corporate
78 295
97 500
-
-
income

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

70 466
87 750
-
-
total
70 466
87 750
-
-
Dividends
7 829
9 750
-
-
withholding
1 488
1 852
-
-
total
1 488
1 852
-
-
Income
97 500
97 500
97 500
97 500
Total tax
81 017
89 602
43 750
30 930
After tax
16 483
7 898
53 750
66 570
Living cost
10 142
10 142
10 142
10 142
Free-cash
6 341
-2 244
43 608
56 428

Estimated living cost  is ₴10142 per week

₴7443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴68803
₴67507
₴56470
₴65888
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
97 500
work injury
-
-
-
342
health insurance
-
-
-
5 069
income
-
-
-
16 409
pensions
-
-
-
12 603
unemployment
-
-
-
822
total
-
-
-
35 245
Employee

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

9 257
-
97 500
-
work injury
46
-
171
-
income
926
-
16 409
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
25 827
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
88 243
97 500
-
-
income

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

8 824
9 750
-
-
total
8 824
9 750
-
-
Dividends
79 419
87 750
-
-
withholding
11 913
13 162
-
-
total
11 913
13 162
-
-
Income
97 500
97 500
97 500
97 500
Total tax
24 208
22 912
25 827
35 245
After tax
73 292
74 588
71 673
62 255
Living cost
5 785
5 785
5 785
5 785
Free-cash
67 507
68 803
65 888
56 470

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴34293
₴32345
₴28770
₴25252
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
97 500
municipal
-
-
-
684
regional
-
-
-
2 390
national
-
-
-
27 156
social contributions
-
-
-
21 437
total
-
-
-
51 667
Employee
36 092
-
97 500
-
social contributions
12 170
-
28 104
-
regional
545
-
2 168
-
municipal
215
-
624
-
national
6 099
-
24 289
-
total
19 029
-
55 185
-
Employer
36 092
-
97 500
-
total
-
-
-
-
Corporate
61 408
97 500
-
-
nationa
14 738
23 400
-
-
municipal
2 960
4 700
-
-
total
17 698
28 100
-
-
Dividends
43 710
69 401
-
-
withholding
11 365
18 044
-
-
total
11 365
18 044
-
-
Income
97 500
97 500
97 500
97 500
Total tax
48 092
46 144
55 185
51 667
After tax
49 408
51 356
42 315
45 833
Living cost
17 063
17 063
17 063
17 063
Free-cash
32 345
34 293
25 252
28 770

Estimated living cost  is ₴17063 per week

₴11986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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