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
₴ 98000
per

Your estimated
City
free-cash

Dresden , Germany
₴36418
₴41154
₴35204
₴47503
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 000
trade
-
-
-
12 299
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.

-
-
-
32 794
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.

-
-
-
1 804
total
-
-
-
49 823
Employee

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

16 381
-
98 000
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
1 804
-
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
-
32 794
-
total
3 409
-
37 524
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
81 619
98 000
-
-
surtax

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

673
809
-
-
income
12 243
14 700
-
-
trade
12 855
15 435
-
-
chamber of commerce
182
206
-
-
total
25 953
31 150
-
-
Dividends
55 666
66 850
-
-
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.

757
910
-
-
withholding
13 754
16 549
-
-
total
14 511
17 459
-
-
Income
98 000
98 000
98 000
98 000
Total tax
43 873
48 609
37 524
49 823
After tax
54 127
49 391
60 476
48 177
Living cost
12 973
12 973
12 973
12 973
Free-cash
41 154
36 418
47 503
35 204

Estimated living cost  is ₴12973 per week

₴8160
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
₴39511
₴39150
₴34043
₴34569
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
municipal
-
-
-
10 897
pensions
-
-
-
11 760
national
-
-
-
18 605
social contributions
-
-
-
1 054
total
-
-
-
42 316
Employee
33 548
-
84 720
-
municipal
4 144
-
11 277
-
pensions
1 342
-
3 389
-
national
6 421
-
19 435
-
total
11 907
-
34 101
-
Employer
33 548
-
84 720
-
social contributions
361
-
911
-
pensions
2 684
-
6 778
-
total
3 045
-
7 689
-
Corporate
59 193
98 000
-
-
income

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

11 839
19 600
-
-
total
11 839
19 600
-
-
Dividends
47 355
78 400
-
-
withholding
10 418
17 248
-
-
total
10 418
17 248
-
-
Income
98 000
98 000
98 000
98 000
Total tax
37 209
36 848
41 790
42 316
After tax
60 791
61 152
56 210
55 684
Living cost
21 641
21 641
21 641
21 641
Free-cash
39 150
39 511
34 569
34 043

Estimated living cost  is ₴21641 per week

₴14709
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.
₴4596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69490
₴65976
₴26846
₴33784
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 000
microenterprise
-
-
-
-
income
-
-
-
20 844
surtax
-
-
-
24 990
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.

-
-
-
16 410
total
-
-
-
62 244
Employee
12 515
-
77 210
-
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
-
-
11 196
-
income
2 228
-
17 706
-
total
3 605
-
34 517
-
Employer
12 515
-
77 210
-
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
-
12 296
-
surtax
-
-
8 493
-
total
3 015
-
20 789
-
Corporate
82 471
98 000
-
-
income

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

16 494
19 600
-
-
total
16 494
19 600
-
-
Dividends

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

65 976
78 400
-
-
total
-
-
-
-
Income
98 000
98 000
98 000
98 000
Total tax
23 114
19 600
55 306
62 244
After tax
74 886
78 400
42 694
35 756
Living cost
8 910
8 910
8 910
8 910
Free-cash
65 976
69 490
33 784
26 846

Estimated living cost  is ₴8910 per week

₴5684
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
₴30913
₴28288
₴34593
₴44732
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
35 166
pensions
-
-
-
5 018
health
-
-
-
5 281
total
-
-
-
45 465
Employee
36 574
36 574
90 041
-
health
5 614
4 775
5 281
-
income

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

5 987
5 987
17 068
-
pensions
6 583
5 018
5 018
-
total
18 184
15 780
27 367
-
Employer
36 574
36 574
90 041
-
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
55 470
55 021
-
-
income
11 094
11 004
-
-
total
11 094
11 004
-
-
Dividends
44 376
44 017
-
-
income
9 430
9 353
-
-
withholding
6 657
6 603
-
-
total
16 087
15 956
-
-
Income
98 000
98 000
98 000
98 000
Total tax
51 770
49 145
35 326
45 465
After tax
46 230
48 855
62 674
52 535
Living cost
17 942
17 942
17 942
17 942
Free-cash
28 288
30 913
44 732
34 593

Estimated living cost  is ₴17942 per week

₴12715
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
₴36960
₴36589
₴32235
₴31834
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
municipal
-
-
-
26 091
accident
-
-
-
73
pensions
-
-
-
3 920
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
12 620
total
-
-
-
49 217
Employee
23 579
-
86 605
-
municipal
7 031
-
25 826
-
national
-
-
12 398
-
total
7 031
-
38 224
-
Employer
23 579
-
86 605
-
accident
47
-
73
-
other
2 740
-
4 214
-
unemployment
622
-
957
-
pensions
2 549
-
3 920
-
health
1 450
-
2 230
-
total
7 408
-
11 394
-
Corporate
67 012
98 000
-
-
income
14 743
21 560
-
-
total
14 743
21 560
-
-
Dividends
52 270
76 440
-
-
withholding
15 681
22 932
-
-
total
15 681
22 932
-
-
Income
98 000
98 000
98 000
98 000
Total tax
44 863
44 492
49 618
49 217
After tax
53 137
53 508
48 382
48 783
Living cost
16 548
16 548
16 548
16 548
Free-cash
36 589
36 960
31 834
32 235

Estimated living cost  is ₴16548 per week

₴10967
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
₴32061
₴38081
₴30805
₴43651
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 000
trade
-
-
-
12 846
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.

-
-
-
32 794
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.

-
-
-
1 804
total
-
-
-
50 370
Employee

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

21 719
-
98 000
-
health

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

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

2 926
-
2 926
-
surtax

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

102
-
1 804
-
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
-
32 794
-
total
4 894
-
37 524
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
76 281
98 000
-
-
surtax

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

629
809
-
-
income
11 442
14 700
-
-
trade
12 548
16 121
-
-
chamber of commerce
173
204
-
-
total
24 792
31 834
-
-
Dividends
51 488
66 166
-
-
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.

699
901
-
-
withholding
12 709
16 379
-
-
total
13 408
17 280
-
-
Income
98 000
98 000
98 000
98 000
Total tax
43 094
49 114
37 524
50 370
After tax
54 906
48 886
60 476
47 630
Living cost
16 825
16 825
16 825
16 825
Free-cash
38 081
32 061
43 651
30 805

Estimated living cost  is ₴16825 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
₴57525
₴55752
₴51961
₴51160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
22 718
health
-
-
-
2 499
social contributions
-
-
-
6 930
total
-
-
-
32 147
Employee
32 933
32 933
92 600
-
social contributions
1 600
2 733
3 687
-
health
328
560
1 574
-
income
3 458
3 049
22 287
-
total
5 386
6 342
27 548
-
Employer
32 933
32 933
92 600
-
social contributions
1 600
2 733
3 687
-
health
357
610
1 713
-
total
1 957
3 343
5 400
-
Corporate
76 765
61 724
-
-
income
9 595
7 716
-
-
total
9 595
7 716
-
-
Dividends
67 170
54 008
-
-
withholding
11 418
9 182
-
-
total
11 418
9 182
-
-
Income
98 000
98 000
98 000
98 000
Total tax
28 356
26 583
32 948
32 147
After tax
69 644
71 417
65 052
65 853
Living cost
13 892
13 892
13 892
13 892
Free-cash
55 752
57 525
51 160
51 961

Estimated living cost  is ₴13892 per week

₴9496
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
₴47221
₴47386
₴60107
₴49028
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
11 981
pensions
-
-
-
9 800
unemployment
-
-
-
1 470
health
-
-
-
6 860
total
-
-
-
30 111
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.

11 233
4 471
82 008
-
health
786
313
5 741
-
income
1 373
547
10 026
-
pensions
1 123
447
8 201
-
unemployment
168
67
1 230
-
total
3 450
1 374
25 198
-
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.

11 233
4 471
82 008
-
pensions
2 190
872
15 992
-
total
2 190
872
15 992
-
Corporate
84 577
92 658
-
-
income
7 612
8 339
-
-
total
7 612
8 339
-
-
Dividends
76 965
84 319
-
-
social contributions
14 957
16 391
-
-
withholding
14 623
16 021
-
-
total
29 580
32 412
-
-
Income
98 000
98 000
98 000
98 000
Total tax
42 832
42 997
41 190
30 111
After tax
55 168
55 003
56 810
67 889
Living cost
7 782
7 782
7 782
7 782
Free-cash
47 386
47 221
49 028
60 107

Estimated living cost  is ₴7782 per week

₴5310
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
₴68055
₴65394
₴42183
₴46140
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
13 132
pensions
-
-
-
19 600
health
-
-
-
12 740
total
-
-
-
45 472
Employee
12 150
-
73 243
-
income
1 368
-
14 122
-
pensions
243
-
1 465
-
unemployment
194
-
1 172
-
total
1 805
-
16 759
-
Employer
12 150
-
73 243
-
unemployment
98
-
586
-
pensions
2 430
-
14 649
-
health
1 579
-
9 521
-
total
4 107
-
24 756
-
Corporate
81 743
98 000
-
-
income
16 349
19 600
-
-
total
16 349
19 600
-
-
Dividends
65 395
78 400
-
-
total
-
-
-
-
Income
98 000
98 000
98 000
98 000
Total tax
22 261
19 600
41 515
45 472
After tax
75 739
78 400
56 485
52 528
Living cost
10 345
10 345
10 345
10 345
Free-cash
65 394
68 055
46 140
42 183

Estimated living cost  is ₴10345 per week

₴7095
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
-₴1429
₴6502
₴57542
₴44673
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
accident
-
-
-
108
income
-
-
-
28 124
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
31 091
Employee
14 735
-
89 617
-
health
1 687
-
10 261
-
income
2 022
-
22 067
-
pensions
1 659
-
3 248
-
total
5 368
-
35 576
-
Employer
14 735
-
89 617
-
accident
246
-
1 497
-
unemployment
361
-
2 196
-
pensions
2 396
-
4 691
-
total
3 003
-
8 384
-
Corporate
80 262
98 000
-
-
income

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

72 235
88 200
-
-
total
72 235
88 200
-
-
Dividends
8 026
9 800
-
-
withholding
1 525
1 862
-
-
total
1 525
1 862
-
-
Income
98 000
98 000
98 000
98 000
Total tax
82 131
90 062
43 960
31 091
After tax
15 869
7 938
54 040
66 909
Living cost
9 367
9 367
9 367
9 367
Free-cash
6 502
-1 429
44 673
57 542

Estimated living cost  is ₴9367 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.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₴89246
₴88524
₴93166
₴74546
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
98 000
microenterprise

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

-
-
-
980
total
-
-
-
980
Employee
4 817
-
98 000
-
income
963
-
19 600
-
total
963
-
19 600
-
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%.

93 183
98 000
-
-
total
-
-
-
-
Dividends
93 183
98 000
-
-
withholding
4 659
4 900
-
-
total
4 659
4 900
-
-
Income
98 000
98 000
98 000
98 000
Total tax
5 622
4 900
19 600
980
After tax
92 378
93 100
78 400
97 020
Living cost
3 854
3 854
3 854
3 854
Free-cash
88 524
89 246
74 546
93 166

Estimated living cost  is ₴3854 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₴60589
₴57696
₴47708
₴46901
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
17 290
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.

-
-
-
15 631
other
-
-
-
3 093
health
-
-
-
2 866
total
-
-
-
38 880
Employee
15 551
-
81 457
-
health
218
-
912
-
income
2 677
-
17 022
-
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
-
23 144
-
Employer
15 551
-
81 457
-
accident
124
-
652
-
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
-
11 072
-
health
218
-
912
-
total
3 919
-
16 543
-
Corporate
78 530
98 000
-
-
income
16 492
20 580
-
-
total
16 492
20 580
-
-
Dividends
62 038
77 420
-
-
withholding
4 343
5 419
-
-
total
4 343
5 419
-
-
Income
98 000
98 000
98 000
98 000
Total tax
28 892
25 999
39 687
38 880
After tax
69 108
72 001
58 313
59 120
Living cost
11 412
11 412
11 412
11 412
Free-cash
57 696
60 589
46 901
47 708

Estimated living cost  is ₴11412 per week

₴8063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴770
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.
₴2394
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33002
₴36462
₴34567
₴25822
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
30 377
pensions
-
-
-
4 313
total
-
-
-
34 690
Employee
40 666
-
85 402
-
health
670
-
1 151
-
income
7 331
-
24 545
-
pensions
3 923
-
5 142
-
total
11 924
-
30 838
-
Employer
40 666
-
85 402
-
pensions
4 802
-
10 975
-
health
772
-
1 622
-
total
5 574
-
12 597
-
Corporate
51 760
98 000
-
-
income

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

9 834
18 620
-
-
total
9 834
18 620
-
-
Dividends
41 926
79 380
-
-
withholding
5 463
17 635
-
-
total
5 463
17 635
-
-
Income
98 000
98 000
98 000
98 000
Total tax
32 795
36 255
43 435
34 690
After tax
65 205
61 745
54 565
63 310
Living cost
28 743
28 743
28 743
28 743
Free-cash
36 462
33 002
25 822
34 567

Estimated living cost  is ₴28743 per week

₴21537
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
₴78171
₴76181
₴73683
₴77769
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
14 700
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
-
-
-
18 698
Employee
7 440
-
95 063
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
9 506
-
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
-
11 674
-
Employer
7 440
-
95 063
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
89 100
98 000
-
-
income
8 910
9 800
-
-
total
8 910
9 800
-
-
Dividends
80 190
88 200
-
-
withholding
4 009
4 410
-
-
total
4 009
4 410
-
-
Income
98 000
98 000
98 000
98 000
Total tax
16 200
14 210
14 612
18 698
After tax
81 800
83 790
83 388
79 302
Living cost
5 619
5 619
5 619
5 619
Free-cash
76 181
78 171
77 769
73 683

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.
₴1789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25106
₴26183
₴28786
₴38925
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
35 166
pensions
-
-
-
5 018
health
-
-
-
5 281
total
-
-
-
45 465
Employee
39 708
36 574
90 041
-
health
4 954
4 775
5 281
-
income

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

5 987
5 987
17 068
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
27 367
-
Employer
39 708
36 574
90 041
-
unemployment
1 430
1 317
1 636
-
pensions
2 763
2 546
3 164
-
health
2 759
2 542
3 159
-
total
6 952
6 405
7 959
-
Corporate
51 340
55 021
-
-
income
10 268
11 004
-
-
total
10 268
11 004
-
-
Dividends
41 072
44 017
-
-
income
8 728
9 353
-
-
withholding
6 161
6 603
-
-
total
14 889
15 956
-
-
Income
98 000
98 000
98 000
98 000
Total tax
48 068
49 145
35 326
45 465
After tax
49 932
48 855
62 674
52 535
Living cost
23 749
23 749
23 749
23 749
Free-cash
26 183
25 106
38 925
28 786

Estimated living cost  is ₴23749 per week

₴17519
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
₴57216
₴53557
₴47889
₴43557
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
10 502
health
-
-
-
13 230
solidarity contribution
-
-
-
1 363
social contributions
-
-
-
14 759
total
-
-
-
39 854
Employee
15 084
-
78 315
-
social contributions
980
-
3 285
-
health
2 036
-
10 573
-
solidarity contribution
-
-
974
-
income
1 810
-
9 669
-
total
4 826
-
24 501
-
Employer
15 084
-
78 315
-
social contributions
3 771
-
12 637
-
health
1 358
-
7 048
-
total
5 129
-
19 685
-
Corporate
77 788
98 000
-
-
income
14 780
18 620
-
-
total
14 780
18 620
-
-
Dividends
63 008
79 380
-
-
withholding
9 451
11 907
-
-
total
9 451
11 907
-
-
Income
98 000
98 000
98 000
98 000
Total tax
34 186
30 527
44 186
39 854
After tax
63 814
67 473
53 814
58 146
Living cost
10 257
10 257
10 257
10 257
Free-cash
53 557
57 216
43 557
47 889

Estimated living cost  is ₴10257 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
₴34214
₴31978
₴29261
₴25630
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
municipal
-
-
-
613
regional
-
-
-
1 247
national
-
-
-
27 371
social contributions
-
-
-
21 436
total
-
-
-
50 667
Employee
38 064
-
98 000
-
social contributions
12 835
-
28 103
-
regional
359
-
1 131
-
municipal
202
-
559
-
national
6 596
-
24 505
-
total
19 992
-
54 298
-
Employer
38 064
-
98 000
-
total
-
-
-
-
Corporate
59 936
98 000
-
-
nationa
14 385
23 520
-
-
municipal
2 337
3 822
-
-
total
16 722
27 342
-
-
Dividends
43 214
70 659
-
-
withholding
11 236
18 372
-
-
total
11 236
18 372
-
-
Income
98 000
98 000
98 000
98 000
Total tax
47 950
45 714
54 298
50 667
After tax
50 050
52 286
43 702
47 333
Living cost
18 072
18 072
18 072
18 072
Free-cash
31 978
34 214
25 630
29 261

Estimated living cost  is ₴18072 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
₴52191
₴50858
₴36626
₴34008
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
31 071
pensions
-
-
-
11 432
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
5 264
total
-
-
-
51 923
Employee
14 163
-
85 968
-
other
-
-
-
-
health
362
-
1 457
-
surtax
46
-
4 751
-
income
2 374
-
28 509
-
pensions
944
-
3 813
-
unemployment
986
-
3 978
-
total
4 712
-
42 508
-
Employer
14 163
-
85 968
-
other
-
-
-
-
unemployment
449
-
1 812
-
pensions
1 888
-
7 620
-
health
645
-
2 601
-
total
2 982
-
12 033
-
Corporate
80 856
98 000
-
-
income
21 022
25 480
-
-
total
21 022
25 480
-
-
Dividends
59 833
72 520
-
-
withholding
8 975
10 878
-
-
total
8 975
10 878
-
-
Income
98 000
98 000
98 000
98 000
Total tax
37 691
36 358
54 541
51 923
After tax
60 309
61 642
43 459
46 077
Living cost
9 451
9 451
9 451
9 451
Free-cash
50 858
52 191
34 008
36 626

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
₴42109
₴44948
₴43674
₴34929
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
30 377
pensions
-
-
-
4 313
total
-
-
-
34 690
Employee
27 254
-
85 402
-
health
396
-
1 151
-
income
4 908
-
24 545
-
pensions
2 313
-
5 142
-
total
7 617
-
30 838
-
Employer
27 254
-
85 402
-
pensions
2 950
-
10 975
-
health
518
-
1 622
-
total
3 468
-
12 597
-
Corporate
67 279
98 000
-
-
income

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

12 783
18 620
-
-
total
12 783
18 620
-
-
Dividends
54 495
79 380
-
-
withholding
9 548
17 635
-
-
total
9 548
17 635
-
-
Income
98 000
98 000
98 000
98 000
Total tax
33 416
36 255
43 435
34 690
After tax
64 584
61 745
54 565
63 310
Living cost
19 636
19 636
19 636
19 636
Free-cash
44 948
42 109
34 929
43 674

Estimated living cost  is ₴19636 per week

₴14711
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.
₴3247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴12444
₴26294
₴45192
₴41752
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
city
-
-
-
1 033
pensions
-
-
-
9 016
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.

-
-
-
1 960
regional
-
-
-
5 564
health
-
-
-
220
national
-
-
-
2 646
total
-
-
-
20 439
Employee
37 880
-
88 277
-
city
407
-
956
-
regional
1 240
-
4 981
-
health
86
-
199
-
pensions
3 182
-
6 787
-
unemployment
-
-
-
-
national
179
-
2 204
-
total
5 094
-
15 127
-
Employer
37 880
-
88 277
-
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
-
1 766
-
unemployment
-
-
-
-
pensions
3 182
-
6 787
-
health
86
-
199
-
total
4 025
-
8 752
-
Corporate
55 678
98 000
-
-
regional
11 776
20 727
-
-
national
4 733
8 330
-
-
total
16 509
29 057
-
-
Dividends
39 169
68 943
-
-
withholding
13 709
24 130
-
-
total
13 709
24 130
-
-
Income
98 000
98 000
98 000
98 000
Total tax
39 337
53 187
23 879
20 439
After tax
58 663
44 813
74 121
77 561
Living cost
32 369
32 369
32 369
32 369
Free-cash
26 294
12 444
41 752
45 192

Estimated living cost  is ₴32369 per week

₴21049
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
₴28762
₴35706
₴27464
₴40856
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 000
trade
-
-
-
13 392
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.

-
-
-
32 794
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.

-
-
-
1 804
total
-
-
-
50 916
Employee

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

25 739
-
98 000
-
health

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

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

2 926
-
2 926
-
surtax

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

167
-
1 804
-
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
-
32 794
-
total
6 120
-
37 524
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
72 261
98 000
-
-
surtax

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

596
809
-
-
income
10 839
14 700
-
-
trade
12 393
16 807
-
-
chamber of commerce
167
203
-
-
total
23 995
32 519
-
-
Dividends
48 266
65 481
-
-
surtax

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

655
892
-
-
withholding
11 904
16 207
-
-
total
12 559
17 099
-
-
Income
98 000
98 000
98 000
98 000
Total tax
42 674
49 618
37 524
50 916
After tax
55 326
48 382
60 476
47 084
Living cost
19 620
19 620
19 620
19 620
Free-cash
35 706
28 762
40 856
27 464

Estimated living cost  is ₴19620 per week

₴14330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1569
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.
₴3466
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34740
₴37268
₴38831
₴35855
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
18 514
pensions
-
-
-
15 324
other
-
-
-
3 038
health
-
-
-
4 848
surtax
-
-
-
-
social contributions
-
-
-
2 792
total
-
-
-
44 516
Employee
18 330
-
74 679
-
social contributions
523
-
2 128
-
surtax
-
-
-
-
income
1 082
-
16 365
-
pensions
2 073
-
5 677
-
total
3 678
-
24 170
-
Employer
18 330
-
74 679
-
other
632
-
3 120
-
social contributions
55
-
224
-
unemployment
742
-
3 024
-
pensions
3 011
-
9 471
-
health
1 283
-
7 483
-
total
5 723
-
23 322
-
Corporate
73 946
98 000
-
-
surtax
-
-
-
-
income
20 705
27 440
-
-
total
20 705
27 440
-
-
Dividends
53 241
70 560
-
-
surtax
-
-
-
-
social contributions
9 158
12 136
-
-
withholding
6 815
9 031
-
-
total
15 973
21 167
-
-
Income
98 000
98 000
98 000
98 000
Total tax
46 079
48 607
47 492
44 516
After tax
51 921
49 393
50 508
53 484
Living cost
14 653
14 653
14 653
14 653
Free-cash
37 268
34 740
35 855
38 831

Estimated living cost  is ₴14653 per week

₴9239
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
₴36192
₴38568
₴40283
₴37307
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
18 514
pensions
-
-
-
15 324
other
-
-
-
3 038
health
-
-
-
4 848
surtax
-
-
-
-
social contributions
-
-
-
2 792
total
-
-
-
44 516
Employee
16 362
-
74 679
-
social contributions
467
-
2 128
-
surtax
-
-
-
-
income
844
-
16 365
-
pensions
1 851
-
5 677
-
total
3 162
-
24 170
-
Employer
16 362
-
74 679
-
other
565
-
3 120
-
social contributions
49
-
224
-
unemployment
662
-
3 024
-
pensions
2 689
-
9 471
-
health
1 145
-
7 483
-
total
5 110
-
23 322
-
Corporate
76 528
98 000
-
-
surtax
-
-
-
-
income
21 428
27 440
-
-
total
21 428
27 440
-
-
Dividends
55 100
70 560
-
-
surtax
-
-
-
-
social contributions
9 478
12 136
-
-
withholding
7 053
9 031
-
-
total
16 531
21 167
-
-
Income
98 000
98 000
98 000
98 000
Total tax
46 231
48 607
47 492
44 516
After tax
51 769
49 393
50 508
53 484
Living cost
13 201
13 201
13 201
13 201
Free-cash
38 568
36 192
37 307
40 283

Estimated living cost  is ₴13201 per week

₴7656
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
₴50707
₴50928
₴53854
₴51171
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
14 700
health
-
-
-
6 840
social contributions
-
-
-
13 524
total
-
-
-
35 064
Employee
14 522
-
98 000
-
social contributions
2 004
-
13 524
-
health
1 014
-
6 840
-
income
2 422
-
17 383
-
total
5 440
-
37 747
-
Employer
14 522
-
98 000
-
total
-
-
-
-
Corporate
83 478
98 000
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

4 174
4 900
-
-
total
4 174
4 900
-
-
Dividends
79 305
93 100
-
-
health
5 536
6 498
-
-
social contributions
10 944
12 848
-
-
withholding
11 896
13 965
-
-
total
28 376
33 311
-
-
Income
98 000
98 000
98 000
98 000
Total tax
37 990
38 211
37 747
35 064
After tax
60 010
59 789
60 253
62 936
Living cost
9 082
9 082
9 082
9 082
Free-cash
50 928
50 707
51 171
53 854

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
₴38917
₴38254
₴35086
₴10585
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
chamber of commerce
-
-
-
392
income
-
-
-
31 635
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
85
total
-
-
-
47 823
Employee
21 404
17 068
81 238
-
other
214
171
501
-
health
828
661
1 936
-
income
2 437
1 259
26 598
-
pensions
2 192
1 747
5 124
-
unemployment
642
512
1 501
-
total
6 313
4 350
35 660
-
Employer
21 404
17 068
81 238
-
accident
278
222
650
-
other
1 017
810
3 593
-
chamber of commerce
85
68
325
-
unemployment
642
512
1 501
-
surtax
85
85
85
-
pensions
2 686
2 142
6 279
-
payroll
642
512
2 437
-
health
809
645
1 891
-
total
6 244
4 996
16 761
-
Corporate
70 352
75 935
79 612
-
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.

17 588
18 984
19 903
-
total
17 588
18 984
19 903
-
Dividends
52 764
56 952
-
-
withholding
14 510
15 662
-
-
total
14 510
15 662
-
-
Income
98 000
98 000
98 000
98 000
Total tax
44 655
43 992
72 324
47 823
After tax
53 345
54 008
25 676
50 177
Living cost
15 091
15 091
15 091
15 091
Free-cash
38 254
38 917
10 585
35 086

Estimated living cost  is ₴15091 per week

₴10065
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
₴38071
₴32721
₴27017
₴17629
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
national
-
-
-
39 450
communal

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

-
-
-
5 239
social contributions
-
-
-
10 678
total
-
-
-
55 367
Employee

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

30 636
-
75 903
-
communal

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

1 598
-
3 959
-
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
-
3 567
-
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
-
5 693
-
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
-
660
-
national
9 419
-
28 781
-
total
15 021
-
42 660
-
Employer

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

30 636
-
75 903
-
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
-
987
-
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
-
1 108
-
surtax
3 474
-
8 607
-
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
-
6 725
-
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
-
4 668
-
total
8 918
-
22 095
-
Corporate
58 447
98 000
-
-
surtax
234
422
-
-
income
11 689
21 105
-
-
total
11 923
21 527
-
-
Dividends
46 523
76 473
-
-
withholding

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

13 801
22 786
-
-
total
13 801
22 786
-
-
Income
98 000
98 000
98 000
98 000
Total tax
49 663
44 313
64 755
55 367
After tax
48 337
53 687
33 245
42 633
Living cost
15 616
15 616
15 616
15 616
Free-cash
32 721
38 071
17 629
27 017

Estimated living cost  is ₴15616 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1365
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
₴49584
₴46650
₴39277
₴37480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
accident
-
-
-
358
income
-
-
-
31 346
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
43 256
Employee
21 319
-
85 345
-
other
21
-
40
-
income
4 498
-
29 876
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 852
-
32 397
-
Employer
21 319
-
85 345
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
69 885
98 000
-
-
income

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

10 483
14 700
-
-
total
10 483
14 700
-
-
Dividends
59 402
83 300
-
-
withholding
12 752
18 249
-
-
total
12 752
18 249
-
-
Income
98 000
98 000
98 000
98 000
Total tax
35 883
32 949
45 053
43 256
After tax
62 117
65 051
52 947
54 744
Living cost
15 467
15 467
15 467
15 467
Free-cash
46 650
49 584
37 480
39 277

Estimated living cost  is ₴15467 per week

₴11390
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
₴32078
₴26190
₴22650
₴26557
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
accident
-
-
-
827
income
-
-
-
18 621
pensions
-
-
-
14 689
health
-
-
-
6 886
surtax
-
-
-
4 859
communal
-
-
-
6 193
total
-
-
-
52 075
Employee
32 434
-
87 539
-
health
1 443
-
3 896
-
surtax
1 988
-
5 365
-
income
3 133
-
21 443
-
pensions
2 594
-
7 003
-
total
9 158
-
37 707
-
Employer
32 434
-
87 539
-
accident
292
-
788
-
pensions
2 594
-
7 003
-
health
989
-
2 670
-
total
3 875
-
10 461
-
Corporate
61 691
98 000
-
-
surtax
648
1 029
-
-
communal
4 164
6 615
-
-
income
9 253
14 700
-
-
total
14 065
22 344
-
-
Dividends
47 626
75 656
-
-
income
14 293
8 954
-
-
withholding
7 144
11 349
-
-
total
21 437
20 303
-
-
Income
98 000
98 000
98 000
98 000
Total tax
48 535
42 647
48 168
52 075
After tax
49 465
55 353
49 832
45 925
Living cost
23 275
23 275
23 275
23 275
Free-cash
26 190
32 078
26 557
22 650

Estimated living cost  is ₴23275 per week

₴17460
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
₴52022
₴50659
₴36457
₴33839
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
31 071
pensions
-
-
-
11 432
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
5 264
total
-
-
-
51 923
Employee
14 423
-
85 968
-
other
-
-
-
-
health
368
-
1 457
-
surtax
51
-
4 751
-
income
2 418
-
28 509
-
pensions
962
-
3 813
-
unemployment
1 004
-
3 978
-
total
4 803
-
42 508
-
Employer
14 423
-
85 968
-
other
-
-
-
-
unemployment
458
-
1 812
-
pensions
1 923
-
7 620
-
health
656
-
2 601
-
total
3 037
-
12 033
-
Corporate
80 540
98 000
-
-
income
20 941
25 480
-
-
total
20 941
25 480
-
-
Dividends
59 599
72 520
-
-
withholding
8 940
10 878
-
-
total
8 940
10 878
-
-
Income
98 000
98 000
98 000
98 000
Total tax
37 721
36 358
54 541
51 923
After tax
60 279
61 642
43 459
46 077
Living cost
9 620
9 620
9 620
9 620
Free-cash
50 659
52 022
33 839
36 457

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
₴39973
₴39024
₴35489
₴31877
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
municipal
-
-
-
613
regional
-
-
-
1 554
national
-
-
-
27 371
social contributions
-
-
-
21 436
total
-
-
-
50 974
Employee
23 758
-
98 000
-
social contributions
8 011
-
28 103
-
regional
320
-
1 419
-
municipal
126
-
559
-
national
3 764
-
24 505
-
total
12 221
-
54 586
-
Employer
23 758
-
98 000
-
total
-
-
-
-
Corporate
74 242
98 000
-
-
nationa
17 818
23 520
-
-
municipal
3 690
4 871
-
-
total
21 508
28 391
-
-
Dividends
52 734
69 609
-
-
withholding
13 710
18 099
-
-
total
13 710
18 099
-
-
Income
98 000
98 000
98 000
98 000
Total tax
47 439
46 490
54 586
50 974
After tax
50 561
51 510
43 414
47 026
Living cost
11 537
11 537
11 537
11 537
Free-cash
39 024
39 973
31 877
35 489

Estimated living cost  is ₴11537 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
₴54834
₴50325
₴45507
₴41175
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
10 502
health
-
-
-
13 230
solidarity contribution
-
-
-
1 363
social contributions
-
-
-
14 759
total
-
-
-
39 854
Employee
18 587
-
78 315
-
social contributions
1 208
-
3 285
-
health
2 509
-
10 573
-
solidarity contribution
-
-
974
-
income
2 230
-
9 669
-
total
5 947
-
24 501
-
Employer
18 587
-
78 315
-
social contributions
4 647
-
12 637
-
health
1 673
-
7 048
-
total
6 320
-
19 685
-
Corporate
73 093
98 000
-
-
income
13 888
18 620
-
-
total
13 888
18 620
-
-
Dividends
59 205
79 380
-
-
withholding
8 881
11 907
-
-
total
8 881
11 907
-
-
Income
98 000
98 000
98 000
98 000
Total tax
35 036
30 527
44 186
39 854
After tax
62 964
67 473
53 814
58 146
Living cost
12 639
12 639
12 639
12 639
Free-cash
50 325
54 834
41 175
45 507

Estimated living cost  is ₴12639 per week

₴9399
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
₴40391
₴40177
₴36598
₴12034
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
chamber of commerce
-
-
-
392
income
-
-
-
31 635
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
-
total
-
-
-
47 738
Employee
18 722
17 068
81 316
-
other
187
171
501
-
health
724
661
1 936
-
income
1 668
1 259
26 636
-
pensions
1 917
1 747
5 124
-
unemployment
562
512
1 501
-
total
5 058
4 350
35 698
-
Employer
18 722
17 068
81 316
-
accident
243
222
650
-
other
889
810
3 596
-
chamber of commerce
75
68
325
-
unemployment
562
512
1 501
-
surtax
-
-
-
-
pensions
2 350
2 142
6 279
-
payroll
562
512
2 439
-
health
708
645
1 891
-
total
5 389
4 911
16 681
-
Corporate
73 890
76 020
79 692
-
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.

18 472
19 005
19 923
-
total
18 472
19 005
19 923
-
Dividends
55 418
57 015
-
-
withholding
15 240
15 679
-
-
total
15 240
15 679
-
-
Income
98 000
98 000
98 000
98 000
Total tax
44 159
43 945
72 302
47 738
After tax
53 841
54 055
25 698
50 262
Living cost
13 664
13 664
13 664
13 664
Free-cash
40 177
40 391
12 034
36 598

Estimated living cost  is ₴13664 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
₴87095
₴85969
₴91015
₴72395
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
98 000
microenterprise

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

-
-
-
980
total
-
-
-
980
Employee
7 506
-
98 000
-
income
1 501
-
19 600
-
total
1 501
-
19 600
-
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%.

90 494
98 000
-
-
total
-
-
-
-
Dividends
90 494
98 000
-
-
withholding
4 525
4 900
-
-
total
4 525
4 900
-
-
Income
98 000
98 000
98 000
98 000
Total tax
6 026
4 900
19 600
980
After tax
91 974
93 100
78 400
97 020
Living cost
6 005
6 005
6 005
6 005
Free-cash
85 969
87 095
72 395
91 015

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
₴55985
₴52403
₴33836
₴31708
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 000
income
-
-
-
24 989
pensions
-
-
-
17 897
unemployment
-
-
-
147
health
-
-
-
9 643
total
-
-
-
52 676
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.

18 939
-
84 798
-
health
1 223
-
5 478
-
income
3 266
-
22 861
-
pensions
2 936
-
13 144
-
unemployment
27
-
119
-
total
7 452
-
41 602
-
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.

18 939
-
84 798
-
unemployment
11
-
51
-
pensions
1 676
-
7 504
-
health
1 261
-
5 647
-
total
2 948
-
13 202
-
Corporate
76 112
98 000
-
-
income
14 461
18 620
-
-
total
14 461
18 620
-
-
Dividends
61 651
79 380
-
-
withholding
9 248
11 907
-
-
total
9 248
11 907
-
-
Income
98 000
98 000
98 000
98 000
Total tax
34 109
30 527
54 804
52 676
After tax
63 891
67 473
43 196
45 324
Living cost
11 488
11 488
11 488
11 488
Free-cash
52 403
55 985
31 708
33 836

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
₴41133
₴20750
₴49236
₴73872
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
19 102
social contributions
-
-
-
11 172
total
-
-
-
30 274
Employee
26 512
-
-
-
social contributions
2 174
-
310
-
income
5 848
-
-
-
total
8 022
-
310
-
Employer
26 512
-
-
-
social contributions
37 382
-
5 328
-
total
37 382
-
5 328
-
Corporate
34 106
98 000
-
-
income
7 503
21 560
-
-
total
7 503
21 560
-
-
Dividends
26 603
76 440
-
-
income
5 853
16 817
-
-
total
5 853
16 817
-
-
Income
98 000
98 000
98 000
98 000
Total tax
58 760
38 377
5 638
30 274
After tax
39 240
59 623
92 362
67 726
Living cost
18 490
18 490
18 490
18 490
Free-cash
20 750
41 133
73 872
49 236

Estimated living cost  is ₴18490 per week

₴11997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1739
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.
₴4518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42308
₴41878
₴37602
₴29887
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 000
income
-
-
-
12 909
surtax
-
-
-
-
social contributions

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

-
-
-
34 055
total
-
-
-
46 964
Employee
19 698
-
79 192
-
social contributions
2 167
-
8 711
-
surtax
-
-
137
-
income
4 097
-
27 023
-
total
6 264
-
35 871
-
Employer
19 698
-
79 192
-
social contributions
4 678
-
18 808
-
total
4 678
-
18 808
-
Corporate
73 624
98 000
-
-
surtax
-
-
-
-
income
15 461
20 580
-
-
total
15 461
20 580
-
-
Dividends
58 163
77 420
-
-
withholding
16 285
21 678
-
-
total
16 285
21 678
-
-
Income
98 000
98 000
98 000
98 000
Total tax
42 688
42 258
54 679
46 964
After tax
55 312
55 742
43 321
51 036
Living cost
13 434
13 434
13 434
13 434
Free-cash
41 878
42 308
29 887
37 602

Estimated living cost  is ₴13434 per week

₴10051
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
₴28707
₴31650
₴32798
₴29822
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
18 514
pensions
-
-
-
15 324
other
-
-
-
3 038
health
-
-
-
4 848
surtax
-
-
-
-
social contributions
-
-
-
2 792
total
-
-
-
44 516
Employee
26 825
-
74 679
-
social contributions
764
-
2 128
-
surtax
-
-
-
-
income
2 341
-
16 365
-
pensions
3 034
-
5 677
-
total
6 139
-
24 170
-
Employer
26 825
-
74 679
-
other
926
-
3 120
-
social contributions
80
-
224
-
unemployment
1 087
-
3 024
-
pensions
4 408
-
9 471
-
health
1 877
-
7 483
-
total
8 378
-
23 322
-
Corporate
62 797
98 000
-
-
surtax
-
-
-
-
income
17 583
27 440
-
-
total
17 583
27 440
-
-
Dividends
45 214
70 560
-
-
surtax
-
-
-
-
social contributions
7 776
12 136
-
-
withholding
5 788
9 031
-
-
total
13 564
21 167
-
-
Income
98 000
98 000
98 000
98 000
Total tax
45 664
48 607
47 492
44 516
After tax
52 336
49 393
50 508
53 484
Living cost
20 686
20 686
20 686
20 686
Free-cash
31 650
28 707
29 822
32 798

Estimated living cost  is ₴20686 per week

₴14000
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
₴75326
₴73887
₴58523
₴61126
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
5 043
social contributions
-
-
-
21 560
total
-
-
-
26 603
Employee
13 769
-
84 848
-
income
-
-
5 333
-
social contributions
895
-
5 515
-
total
895
-
10 848
-
Employer
13 769
-
84 848
-
social contributions
2 134
-
13 152
-
total
2 134
-
13 152
-
Corporate
82 097
98 000
-
-
income
8 210
9 800
-
-
total
8 210
9 800
-
-
Dividends
73 887
88 200
-
-
total
-
-
-
-
Income
98 000
98 000
98 000
98 000
Total tax
11 239
9 800
24 000
26 603
After tax
86 761
88 200
74 000
71 397
Living cost
12 874
12 874
12 874
12 874
Free-cash
73 887
75 326
61 126
58 523

Estimated living cost  is ₴12874 per week

₴8324
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
₴4645
₴2645
₴35862
₴4645
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
municipal
-
-
-
21 083
pensions
-
-
-
371
national
-
-
-
12 239
labour market
-
-
-
7 810
total
-
-
-
41 503
Employee
87 097
87 097
87 097
-
labour market
6 958
6 958
6 958
-
national
10 640
10 640
10 640
-
municipal
18 547
18 547
18 547
-
pensions
124
124
124
-
total
36 269
36 269
36 269
-
Employer
87 097
87 097
87 097
-
labour market
6 968
6 968
6 968
-
municipal
18 576
18 576
18 576
-
pensions
248
248
248
-
national
10 659
10 659
10 659
-
total
36 451
36 451
36 451
-
Corporate
4 645
-
-
-
income
1 022
-
-
-
total
1 022
-
-
-
Dividends
3 623
-
-
-
withholding
978
-
-
-
total
978
-
-
-
Income
98 000
98 000
98 000
98 000
Total tax
74 720
72 720
72 720
41 503
After tax
23 280
25 280
25 280
56 497
Living cost
20 635
20 635
20 635
20 635
Free-cash
2 645
4 645
4 645
35 862

Estimated living cost  is ₴20635 per week

₴14123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1825
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.
₴4369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1291
₴6522
₴57680
₴44811
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
accident
-
-
-
108
income
-
-
-
28 124
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
31 091
Employee
14 518
-
89 617
-
health
1 662
-
10 261
-
income
1 992
-
22 067
-
pensions
1 635
-
3 248
-
total
5 289
-
35 576
-
Employer
14 518
-
89 617
-
accident
242
-
1 497
-
unemployment
356
-
2 196
-
pensions
2 361
-
4 691
-
total
2 959
-
8 384
-
Corporate
80 523
98 000
-
-
income

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

72 471
88 200
-
-
total
72 471
88 200
-
-
Dividends
8 052
9 800
-
-
withholding
1 530
1 862
-
-
total
1 530
1 862
-
-
Income
98 000
98 000
98 000
98 000
Total tax
82 249
90 062
43 960
31 091
After tax
15 751
7 938
54 040
66 909
Living cost
9 229
9 229
9 229
9 229
Free-cash
6 522
-1 291
44 811
57 680

Estimated living cost  is ₴9229 per week

₴6718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴43564
₴44888
₴43490
₴32262
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
98 000
municipal
-
-
-
17 400
health
-
-
-
1 330
national
-
-
-
19 337
total
-
-
-
38 067
Employee
22 533
-
82 444
-
health
168
-
1 091
-
municipal
3 691
-
13 419
-
pensions
1 521
-
5 565
-
unemployment
338
-
1 237
-
national
372
-
12 426
-
total
6 090
-
33 738
-
Employer
22 533
-
82 444
-
accident
23
-
82
-
unemployment
146
-
536
-
pensions
3 909
-
14 304
-
health
173
-
635
-
total
4 251
-
15 557
-
Corporate
71 215
98 000
-
-
income
14 243
19 600
-
-
total
14 243
19 600
-
-
Dividends

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

42 729
58 800
-
-
national
4 394
7 809
-
-
municipal
7 691
10 584
-
-
total
12 085
18 393
-
-
Income
98 000
98 000
98 000
98 000
Total tax
36 669
37 993
49 295
38 067
After tax
61 331
60 007
48 705
59 933
Living cost
16 443
16 443
16 443
16 443
Free-cash
44 888
43 564
32 262
43 490

Estimated living cost  is ₴16443 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
₴61501
₴59172
₴55937
₴55136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
22 718
health
-
-
-
2 499
social contributions
-
-
-
6 930
total
-
-
-
32 147
Employee
32 933
32 933
92 600
-
social contributions
1 245
2 733
3 687
-
health
255
560
1 574
-
income
3 586
3 049
22 287
-
total
5 086
6 342
27 548
-
Employer
32 933
32 933
92 600
-
social contributions
1 245
2 733
3 687
-
health
277
610
1 713
-
total
1 522
3 343
5 400
-
Corporate
81 475
61 724
-
-
income
10 185
7 716
-
-
total
10 185
7 716
-
-
Dividends
71 291
54 008
-
-
withholding
12 119
9 182
-
-
total
12 119
9 182
-
-
Income
98 000
98 000
98 000
98 000
Total tax
28 912
26 583
32 948
32 147
After tax
69 088
71 417
65 052
65 853
Living cost
9 916
9 916
9 916
9 916
Free-cash
59 172
61 501
55 136
55 937

Estimated living cost  is ₴9916 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
₴74354
₴72175
₴76757
₴68166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
98 000
income
-
-
-
10 157
pensions
-
-
-
2 724
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
14 443
Employee

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

9 831
-
93 814
-
health
836
-
3 454
-
income
672
-
9 096
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
18 849
-
Employer

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

9 831
-
93 814
-
unemployment
49
-
203
-
pensions
540
-
2 235
-
health
423
-
1 747
-
total
1 012
-
4 185
-
Corporate
87 157
98 000
-
-
income
7 844
8 820
-
-
total
7 844
8 820
-
-
Dividends
79 313
89 180
-
-
withholding
7 138
8 026
-
-
total
7 138
8 026
-
-
Income
98 000
98 000
98 000
98 000
Total tax
19 025
16 846
23 034
14 443
After tax
78 975
81 154
74 966
83 557
Living cost
6 800
6 800
6 800
6 800
Free-cash
72 175
74 354
68 166
76 757

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
₴53274
₴51384
₴42967
₴41170
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
accident
-
-
-
358
income
-
-
-
31 346
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
43 256
Employee
15 836
-
85 345
-
other
15
-
40
-
income
3 053
-
29 876
-
pensions
744
-
1 866
-
unemployment
245
-
615
-
total
4 057
-
32 397
-
Employer
15 836
-
85 345
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
77 115
98 000
-
-
income

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

11 567
14 700
-
-
total
11 567
14 700
-
-
Dividends
65 548
83 300
-
-
withholding
14 166
18 249
-
-
total
14 166
18 249
-
-
Income
98 000
98 000
98 000
98 000
Total tax
34 839
32 949
45 053
43 256
After tax
63 161
65 051
52 947
54 744
Living cost
11 777
11 777
11 777
11 777
Free-cash
51 384
53 274
41 170
42 967

Estimated living cost  is ₴11777 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.
₴2489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59982
₴59789
₴61843
₴61761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
33 515
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
34 987
Employee
1 782
-
97 040
-
health
89
-
213
-
income
345
-
33 470
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
34 110
-
Employer
1 782
-
97 040
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
95 817
98 000
-
-
income
21 080
21 560
-
-
total
21 080
21 560
-
-
Dividends
74 738
76 440
-
-
withholding
14 948
15 288
-
-
total
14 948
15 288
-
-
Income
98 000
98 000
98 000
98 000
Total tax
37 041
36 848
35 069
34 987
After tax
60 959
61 152
62 931
63 013
Living cost
1 170
1 170
1 170
1 170
Free-cash
59 789
59 982
61 761
61 843

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
₴63397
₴61289
₴55915
₴55916
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 000
income
-
-
-
22 711
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
34 677
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
-
92 334
-
health
575
-
1 630
-
income
1 540
-
22 711
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
29 010
-
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
-
92 334
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
84 830
98 000
-
-
income
12 725
14 700
-
-
total
12 725
14 700
-
-
Dividends
72 106
83 300
-
-
withholding
10 816
12 495
-
-
total
10 816
12 495
-
-
Income
98 000
98 000
98 000
98 000
Total tax
29 303
27 195
34 676
34 677
After tax
68 697
70 805
63 324
63 323
Living cost
7 408
7 408
7 408
7 408
Free-cash
61 289
63 397
55 916
55 915

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
₴44196
₴44042
₴39490
₴31775
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 000
income
-
-
-
12 909
surtax
-
-
-
-
social contributions

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

-
-
-
34 055
total
-
-
-
46 964
Employee
16 623
-
79 192
-
social contributions
1 829
-
8 711
-
surtax
-
-
137
-
income
3 248
-
27 023
-
total
5 077
-
35 871
-
Employer
16 623
-
79 192
-
social contributions
3 948
-
18 808
-
total
3 948
-
18 808
-
Corporate
77 430
98 000
-
-
surtax
-
-
-
-
income
16 260
20 580
-
-
total
16 260
20 580
-
-
Dividends
61 169
77 420
-
-
withholding
17 127
21 678
-
-
total
17 127
21 678
-
-
Income
98 000
98 000
98 000
98 000
Total tax
42 412
42 258
54 679
46 964
After tax
55 588
55 742
43 321
51 036
Living cost
11 546
11 546
11 546
11 546
Free-cash
44 042
44 196
31 775
39 490

Estimated living cost  is ₴11546 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
₴49999
₴47197
₴39692
₴37895
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
accident
-
-
-
358
income
-
-
-
31 346
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
43 256
Employee
20 684
-
85 345
-
other
20
-
40
-
income
4 320
-
29 876
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 632
-
32 397
-
Employer
20 684
-
85 345
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 881
-
9 369
-
total
6 595
-
12 656
-
Corporate
70 721
98 000
-
-
income

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

10 608
14 700
-
-
total
10 608
14 700
-
-
Dividends
60 113
83 300
-
-
withholding
12 916
18 249
-
-
total
12 916
18 249
-
-
Income
98 000
98 000
98 000
98 000
Total tax
35 751
32 949
45 053
43 256
After tax
62 249
65 051
52 947
54 744
Living cost
15 052
15 052
15 052
15 052
Free-cash
47 197
49 999
37 895
39 692

Estimated living cost  is ₴15052 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
₴76418
₴73807
₴71930
₴76016
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
14 700
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
-
-
-
18 698
Employee
9 762
-
95 063
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
9 506
-
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
-
11 674
-
Employer
9 762
-
95 063
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
86 322
98 000
-
-
income
8 632
9 800
-
-
total
8 632
9 800
-
-
Dividends
77 690
88 200
-
-
withholding
3 884
4 410
-
-
total
3 884
4 410
-
-
Income
98 000
98 000
98 000
98 000
Total tax
16 821
14 210
14 612
18 698
After tax
81 179
83 790
83 388
79 302
Living cost
7 372
7 372
7 372
7 372
Free-cash
73 807
76 418
76 016
71 930

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
₴33863
₴39466
₴32735
₴43941
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 000
trade
-
-
-
11 206
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.

-
-
-
32 794
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.

-
-
-
1 804
total
-
-
-
48 730
Employee

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

21 310
-
98 000
-
health

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

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

2 926
-
2 926
-
surtax

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

97
-
1 804
-
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
-
32 794
-
total
4 775
-
37 524
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
76 690
98 000
-
-
surtax

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

632
809
-
-
income
11 504
14 700
-
-
trade
11 005
14 063
-
-
chamber of commerce
177
209
-
-
total
23 318
29 781
-
-
Dividends
53 372
68 219
-
-
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.

725
929
-
-
withholding
13 181
16 892
-
-
total
13 906
17 821
-
-
Income
98 000
98 000
98 000
98 000
Total tax
41 999
47 602
37 524
48 730
After tax
56 001
50 398
60 476
49 270
Living cost
16 535
16 535
16 535
16 535
Free-cash
39 466
33 863
43 941
32 735

Estimated living cost  is ₴16535 per week

₴11406
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
₴44203
₴45148
₴24610
₴24610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
32 121
social contributions
-
-
-
16 872
total
-
-
-
48 993
Employee
33 502
-
98 000
-
income
6 322
-
32 121
-
social contributions
2 783
-
16 872
-
total
9 105
-
48 993
-
Employer
33 502
-
98 000
-
total
-
-
-
-
Corporate
64 498
98 000
-
-
income
8 063
12 250
-
-
total
8 063
12 250
-
-
Dividends
56 436
85 750
-
-
withholding
11 287
17 150
-
-
total
11 287
17 150
-
-
Income
98 000
98 000
98 000
98 000
Total tax
28 455
29 400
48 993
48 993
After tax
69 545
68 600
49 007
49 007
Living cost
24 397
24 397
24 397
24 397
Free-cash
45 148
44 203
24 610
24 610

Estimated living cost  is ₴24397 per week

₴18561
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
₴45890
₴47386
₴64892
₴52757
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 000
income
-
-
-
14 700
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
-
-
-
17 561
Employee
19 647
-
96 030
-
income
2 132
-
25 756
-
social contributions
1 969
-
1 970
-
total
4 101
-
27 726
-
Employer
19 647
-
96 030
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
76 384
98 000
-
-
income
26 734
34 300
-
-
total
26 734
34 300
-
-
Dividends
49 650
63 700
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
98 000
98 000
98 000
98 000
Total tax
35 067
36 563
29 696
17 561
After tax
62 933
61 437
68 304
80 439
Living cost
15 547
15 547
15 547
15 547
Free-cash
47 386
45 890
52 757
64 892

Estimated living cost  is ₴15547 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
₴45781
₴48327
₴47346
₴38601
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
income
-
-
-
30 377
pensions
-
-
-
4 313
total
-
-
-
34 690
Employee
21 912
-
85 402
-
health
286
-
1 151
-
income
3 990
-
24 545
-
pensions
1 672
-
5 142
-
total
5 948
-
30 838
-
Employer
21 912
-
85 402
-
pensions
2 214
-
10 975
-
health
416
-
1 622
-
total
2 630
-
12 597
-
Corporate
73 457
98 000
-
-
income

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

13 957
18 620
-
-
total
13 957
18 620
-
-
Dividends
59 501
79 380
-
-
withholding
11 174
17 635
-
-
total
11 174
17 635
-
-
Income
98 000
98 000
98 000
98 000
Total tax
33 709
36 255
43 435
34 690
After tax
64 291
61 745
54 565
63 310
Living cost
15 964
15 964
15 964
15 964
Free-cash
48 327
45 781
38 601
47 346

Estimated living cost  is ₴15964 per week

₴10951
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
-₴2205
₴6382
₴56766
₴43897
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
accident
-
-
-
108
income
-
-
-
28 124
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
31 091
Employee
15 955
-
89 617
-
health
1 827
-
10 261
-
income
2 189
-
22 067
-
pensions
1 797
-
3 248
-
total
5 813
-
35 576
-
Employer
15 955
-
89 617
-
accident
266
-
1 497
-
unemployment
391
-
2 196
-
pensions
2 594
-
4 691
-
total
3 251
-
8 384
-
Corporate
78 793
98 000
-
-
income

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

70 914
88 200
-
-
total
70 914
88 200
-
-
Dividends
7 879
9 800
-
-
withholding
1 497
1 862
-
-
total
1 497
1 862
-
-
Income
98 000
98 000
98 000
98 000
Total tax
81 475
90 062
43 960
31 091
After tax
16 525
7 938
54 040
66 909
Living cost
10 143
10 143
10 143
10 143
Free-cash
6 382
-2 205
43 897
56 766

Estimated living cost  is ₴10143 per week

₴7444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴69185
₴67890
₴56880
₴66298
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 000
work injury
-
-
-
342
health insurance
-
-
-
5 069
income
-
-
-
16 499
pensions
-
-
-
12 603
unemployment
-
-
-
822
total
-
-
-
35 335
Employee

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

9 257
-
98 000
-
work injury
46
-
171
-
income
926
-
16 499
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
25 917
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
88 743
98 000
-
-
income

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

8 874
9 800
-
-
total
8 874
9 800
-
-
Dividends
79 869
88 200
-
-
withholding
11 980
13 230
-
-
total
11 980
13 230
-
-
Income
98 000
98 000
98 000
98 000
Total tax
24 325
23 030
25 917
35 335
After tax
73 675
74 970
72 083
62 665
Living cost
5 785
5 785
5 785
5 785
Free-cash
67 890
69 185
66 298
56 880

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
₴34557
₴32611
₴29036
₴25517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 000
municipal
-
-
-
689
regional
-
-
-
2 406
national
-
-
-
27 371
social contributions
-
-
-
21 436
total
-
-
-
51 902
Employee
36 090
-
98 000
-
social contributions
12 169
-
28 103
-
regional
545
-
2 184
-
municipal
215
-
629
-
national
6 099
-
24 505
-
total
19 028
-
55 421
-
Employer
36 090
-
98 000
-
total
-
-
-
-
Corporate
61 910
98 000
-
-
nationa
14 858
23 520
-
-
municipal
2 984
4 724
-
-
total
17 842
28 244
-
-
Dividends
44 068
69 757
-
-
withholding
11 457
18 137
-
-
total
11 457
18 137
-
-
Income
98 000
98 000
98 000
98 000
Total tax
48 327
46 381
55 421
51 902
After tax
49 673
51 619
42 579
46 098
Living cost
17 062
17 062
17 062
17 062
Free-cash
32 611
34 557
25 517
29 036

Estimated living cost  is ₴17062 per week

₴11985
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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