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
₴ 98500
per

Your estimated
City
free-cash

Dresden , Germany
₴36743
₴41453
₴35426
₴47822
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 500
trade
-
-
-
12 396
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.

-
-
-
33 053
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.

-
-
-
2 909
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.

-
-
-
1 818
total
-
-
-
50 176
Employee

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

16 287
-
98 500
-
health

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

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

2 909
-
2 909
-
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
-
1 818
-
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.

455
-
33 053
-
total
3 389
-
37 780
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
82 213
98 500
-
-
surtax

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

678
813
-
-
income
12 332
14 775
-
-
trade
12 948
15 514
-
-
chamber of commerce
183
206
-
-
total
26 141
31 308
-
-
Dividends
56 073
67 192
-
-
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.

762
915
-
-
withholding
13 857
16 636
-
-
total
14 619
17 551
-
-
Income
98 500
98 500
98 500
98 500
Total tax
44 149
48 859
37 780
50 176
After tax
54 351
49 641
60 720
48 324
Living cost
12 898
12 898
12 898
12 898
Free-cash
41 453
36 743
47 822
35 426

Estimated living cost  is ₴12898 per week

₴8113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1504
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40009
₴39652
₴34418
₴34947
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
municipal
-
-
-
10 960
pensions
-
-
-
11 820
national
-
-
-
18 788
social contributions
-
-
-
1 059
total
-
-
-
42 627
Employee
33 259
-
85 152
-
municipal
4 108
-
11 342
-
pensions
1 330
-
3 406
-
national
6 366
-
19 623
-
total
11 804
-
34 371
-
Employer
33 259
-
85 152
-
social contributions
358
-
915
-
pensions
2 661
-
6 812
-
total
3 019
-
7 727
-
Corporate
60 027
98 500
-
-
income

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

12 005
19 700
-
-
total
12 005
19 700
-
-
Dividends
48 022
78 800
-
-
withholding
10 565
17 336
-
-
total
10 565
17 336
-
-
Income
98 500
98 500
98 500
98 500
Total tax
37 393
37 036
42 098
42 627
After tax
61 107
61 464
56 402
55 873
Living cost
21 455
21 455
21 455
21 455
Free-cash
39 652
40 009
34 947
34 418

Estimated living cost  is ₴21455 per week

₴14583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴69941
₴66448
₴27149
₴34110
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 500
microenterprise
-
-
-
-
income
-
-
-
21 059
surtax
-
-
-
25 118
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.

-
-
-
16 315
total
-
-
-
62 492
Employee
12 443
-
77 725
-
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.

1 369
-
5 582
-
surtax
-
-
11 270
-
income
2 215
-
17 905
-
total
3 584
-
34 757
-
Employer
12 443
-
77 725
-
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.

2 997
-
12 225
-
surtax
-
-
8 549
-
total
2 997
-
20 774
-
Corporate
83 060
98 500
-
-
income

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

16 612
19 700
-
-
total
16 612
19 700
-
-
Dividends

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

66 448
78 800
-
-
total
-
-
-
-
Income
98 500
98 500
98 500
98 500
Total tax
23 193
19 700
55 531
62 492
After tax
75 307
78 800
42 969
36 008
Living cost
8 859
8 859
8 859
8 859
Free-cash
66 448
69 941
34 110
27 149

Estimated living cost  is ₴8859 per week

₴5652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴844
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.
₴2162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31279
₴28670
₴34907
₴45152
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
35 515
pensions
-
-
-
4 989
health
-
-
-
5 251
total
-
-
-
45 755
Employee
36 363
36 363
90 587
-
health
5 581
4 747
5 251
-
income

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

5 952
5 952
17 356
-
pensions
6 545
4 989
4 989
-
total
18 078
15 688
27 596
-
Employer
36 363
36 363
90 587
-
unemployment
1 309
1 309
1 627
-
pensions
2 531
2 531
3 146
-
health
2 528
2 528
3 141
-
total
6 368
6 368
7 914
-
Corporate
56 216
55 770
-
-
income
11 243
11 154
-
-
total
11 243
11 154
-
-
Dividends
44 972
44 616
-
-
income
9 557
9 481
-
-
withholding
6 746
6 692
-
-
total
16 303
16 173
-
-
Income
98 500
98 500
98 500
98 500
Total tax
51 992
49 383
35 510
45 755
After tax
46 508
49 117
62 990
52 745
Living cost
17 838
17 838
17 838
17 838
Free-cash
28 670
31 279
45 152
34 907

Estimated living cost  is ₴17838 per week

₴12641
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37370
₴37002
₴32561
₴32162
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
municipal
-
-
-
26 266
accident
-
-
-
72
pensions
-
-
-
3 888
other
-
-
-
4 179
unemployment
-
-
-
36
health
-
-
-
2 244
national
-
-
-
12 843
total
-
-
-
49 528
Employee
23 384
-
87 199
-
municipal
6 973
-
26 003
-
national
-
-
12 623
-
total
6 973
-
38 626
-
Employer
23 384
-
87 199
-
accident
47
-
72
-
other
2 717
-
4 179
-
unemployment
617
-
950
-
pensions
2 528
-
3 888
-
health
1 438
-
2 212
-
total
7 347
-
11 301
-
Corporate
67 769
98 500
-
-
income
14 909
21 670
-
-
total
14 909
21 670
-
-
Dividends
52 860
76 830
-
-
withholding
15 858
23 049
-
-
total
15 858
23 049
-
-
Income
98 500
98 500
98 500
98 500
Total tax
45 087
44 719
49 927
49 528
After tax
53 413
53 781
48 573
48 972
Living cost
16 411
16 411
16 411
16 411
Free-cash
37 002
37 370
32 162
32 561

Estimated living cost  is ₴16411 per week

₴10876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1610
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3675
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32407
₴38390
₴31045
₴43992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 500
trade
-
-
-
12 947
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.

-
-
-
33 053
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.

-
-
-
2 909
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.

-
-
-
1 818
total
-
-
-
50 727
Employee

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

21 594
-
98 500
-
health

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

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

2 909
-
2 909
-
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
-
1 818
-
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.

1 855
-
33 053
-
total
4 866
-
37 780
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
76 906
98 500
-
-
surtax

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

634
813
-
-
income
11 536
14 775
-
-
trade
12 651
16 203
-
-
chamber of commerce
174
204
-
-
total
24 995
31 995
-
-
Dividends
51 911
66 505
-
-
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.

705
906
-
-
withholding
12 816
16 464
-
-
total
13 521
17 370
-
-
Income
98 500
98 500
98 500
98 500
Total tax
43 382
49 365
37 780
50 727
After tax
55 118
49 135
60 720
47 773
Living cost
16 728
16 728
16 728
16 728
Free-cash
38 390
32 407
43 992
31 045

Estimated living cost  is ₴16728 per week

₴11188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1764
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.
₴3526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57968
₴56203
₴52337
₴51535
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
22 951
health
-
-
-
2 511
social contributions
-
-
-
6 890
total
-
-
-
32 352
Employee
32 743
32 743
93 112
-
social contributions
1 591
2 718
3 665
-
health
326
557
1 583
-
income
3 438
3 031
22 518
-
total
5 355
6 306
27 766
-
Employer
32 743
32 743
93 112
-
social contributions
1 591
2 718
3 665
-
health
355
606
1 723
-
total
1 946
3 324
5 388
-
Corporate
77 388
62 433
-
-
income
9 673
7 804
-
-
total
9 673
7 804
-
-
Dividends
67 715
54 629
-
-
withholding
11 512
9 287
-
-
total
11 512
9 287
-
-
Income
98 500
98 500
98 500
98 500
Total tax
28 486
26 721
33 154
32 352
After tax
70 014
71 779
65 346
66 148
Living cost
13 811
13 811
13 811
13 811
Free-cash
56 203
57 968
51 535
52 337

Estimated living cost  is ₴13811 per week

₴9441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3059
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47529
₴47691
₴60481
₴49347
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
12 042
pensions
-
-
-
9 850
unemployment
-
-
-
1 478
health
-
-
-
6 895
total
-
-
-
30 265
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.

11 192
4 454
82 427
-
health
783
312
5 770
-
income
1 368
545
10 077
-
pensions
1 119
445
8 243
-
unemployment
168
67
1 236
-
total
3 438
1 369
25 326
-
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.

11 192
4 454
82 427
-
pensions
2 183
869
16 073
-
total
2 183
869
16 073
-
Corporate
85 125
93 177
-
-
income
7 661
8 386
-
-
total
7 661
8 386
-
-
Dividends
77 464
84 791
-
-
social contributions
15 055
16 483
-
-
withholding
14 718
16 110
-
-
total
29 773
32 593
-
-
Income
98 500
98 500
98 500
98 500
Total tax
43 055
43 217
41 399
30 265
After tax
55 445
55 283
57 101
68 235
Living cost
7 754
7 754
7 754
7 754
Free-cash
47 691
47 529
49 347
60 481

Estimated living cost  is ₴7754 per week

₴5291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴634
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.
₴1673
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68515
₴65869
₴42511
₴46490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
13 199
pensions
-
-
-
19 700
health
-
-
-
12 805
total
-
-
-
45 704
Employee
12 080
-
73 616
-
income
1 360
-
14 193
-
pensions
242
-
1 472
-
unemployment
193
-
1 178
-
total
1 795
-
16 843
-
Employer
12 080
-
73 616
-
unemployment
97
-
589
-
pensions
2 416
-
14 723
-
health
1 570
-
9 570
-
total
4 083
-
24 882
-
Corporate
82 337
98 500
-
-
income
16 468
19 700
-
-
total
16 468
19 700
-
-
Dividends
65 870
78 800
-
-
total
-
-
-
-
Income
98 500
98 500
98 500
98 500
Total tax
22 346
19 700
41 725
45 704
After tax
76 154
78 800
56 775
52 796
Living cost
10 285
10 285
10 285
10 285
Free-cash
65 869
68 515
46 490
42 511

Estimated living cost  is ₴10285 per week

₴7054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2411
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1297
₴6555
₴57972
₴45080
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
accident
-
-
-
106
income
-
-
-
28 316
pensions
-
-
-
1 754
other
-
-
-
156
health
-
-
-
920
total
-
-
-
31 252
Employee
14 592
-
90 141
-
health
1 671
-
10 321
-
income
2 002
-
22 248
-
pensions
1 643
-
3 217
-
total
5 316
-
35 786
-
Employer
14 592
-
90 141
-
accident
244
-
1 505
-
unemployment
357
-
2 208
-
pensions
2 373
-
4 645
-
total
2 974
-
8 358
-
Corporate
80 934
98 500
-
-
income

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

72 841
88 650
-
-
total
72 841
88 650
-
-
Dividends
8 093
9 850
-
-
withholding
1 538
1 871
-
-
total
1 538
1 871
-
-
Income
98 500
98 500
98 500
98 500
Total tax
82 669
90 521
44 144
31 252
After tax
15 831
7 979
54 356
67 248
Living cost
9 276
9 276
9 276
9 276
Free-cash
6 555
-1 297
45 080
57 972

Estimated living cost  is ₴9276 per week

₴6799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴194
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1770
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴89688
₴88959
₴93628
₴74913
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
98 500
microenterprise

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

-
-
-
985
total
-
-
-
985
Employee
4 858
-
98 500
-
income
972
-
19 700
-
total
972
-
19 700
-
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%.

93 642
98 500
-
-
total
-
-
-
-
Dividends
93 642
98 500
-
-
withholding
4 682
4 925
-
-
total
4 682
4 925
-
-
Income
98 500
98 500
98 500
98 500
Total tax
5 654
4 925
19 700
985
After tax
92 846
93 575
78 800
97 515
Living cost
3 887
3 887
3 887
3 887
Free-cash
88 959
89 688
74 913
93 628

Estimated living cost  is ₴3887 per week

₴2409
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴107
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1048
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61022
₴58146
₴48232
₴47425
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
17 457
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.

-
-
-
15 541
other
-
-
-
3 075
health
-
-
-
2 849
total
-
-
-
38 922
Employee
15 461
-
82 045
-
health
217
-
907
-
income
2 662
-
17 188
-
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.

1 082
-
4 532
-
unemployment
154
-
647
-
total
4 115
-
23 274
-
Employer
15 461
-
82 045
-
accident
124
-
656
-
other
773
-
3 237
-
unemployment
154
-
647
-
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.

2 629
-
11 008
-
health
217
-
907
-
total
3 897
-
16 455
-
Corporate
79 143
98 500
-
-
income
16 620
20 685
-
-
total
16 620
20 685
-
-
Dividends
62 522
77 815
-
-
withholding
4 376
5 447
-
-
total
4 376
5 447
-
-
Income
98 500
98 500
98 500
98 500
Total tax
29 008
26 132
39 729
38 922
After tax
69 492
72 368
58 771
59 578
Living cost
11 346
11 346
11 346
11 346
Free-cash
58 146
61 022
47 425
48 232

Estimated living cost  is ₴11346 per week

₴8017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴183
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2381
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33280
₴36739
₴34867
₴26078
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
30 574
pensions
-
-
-
4 322
total
-
-
-
34 896
Employee
40 659
-
85 834
-
health
670
-
1 156
-
income
7 329
-
24 714
-
pensions
3 923
-
5 149
-
total
11 922
-
31 019
-
Employer
40 659
-
85 834
-
pensions
4 801
-
11 035
-
health
772
-
1 631
-
total
5 573
-
12 666
-
Corporate
52 268
98 500
-
-
income

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

9 931
18 715
-
-
total
9 931
18 715
-
-
Dividends
42 337
79 785
-
-
withholding
5 598
17 768
-
-
total
5 598
17 768
-
-
Income
98 500
98 500
98 500
98 500
Total tax
33 024
36 483
43 685
34 896
After tax
65 476
62 017
54 815
63 604
Living cost
28 737
28 737
28 737
28 737
Free-cash
36 739
33 280
26 078
34 867

Estimated living cost  is ₴28737 per week

₴21534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3376
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.
₴3594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴78631
₴76652
₴74163
₴78279
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
14 775
pensions

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

-
-
-
2 203
unemployment
-
-
-
60
health
-
-
-
1 712
total
-
-
-
18 750
Employee
7 398
-
95 580
-
health
340
-
685
-
accident

We are using the highest rate at 1.1%.

81
-
164
-
income
740
-
9 558
-
pensions

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

650
-
1 307
-
total
1 811
-
11 714
-
Employer
7 398
-
95 580
-
accident

We are using the highest rate at 1.1%.

81
-
164
-
unemployment
44
-
89
-
pensions

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

815
-
1 640
-
health
511
-
1 027
-
total
1 451
-
2 920
-
Corporate
89 651
98 500
-
-
income
8 965
9 850
-
-
total
8 965
9 850
-
-
Dividends
80 686
88 650
-
-
withholding
4 034
4 432
-
-
total
4 034
4 432
-
-
Income
98 500
98 500
98 500
98 500
Total tax
16 261
14 282
14 634
18 750
After tax
82 239
84 218
83 866
79 750
Living cost
5 587
5 587
5 587
5 587
Free-cash
76 652
78 631
78 279
74 163

Estimated living cost  is ₴5587 per week

₴3262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴148
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1778
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25505
₴26577
₴29133
₴39378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
35 515
pensions
-
-
-
4 989
health
-
-
-
5 251
total
-
-
-
45 755
Employee
39 478
36 363
90 587
-
health
4 925
4 747
5 251
-
income

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

5 952
5 952
17 356
-
pensions
4 989
4 989
4 989
-
total
15 866
15 688
27 596
-
Employer
39 478
36 363
90 587
-
unemployment
1 421
1 309
1 627
-
pensions
2 747
2 531
3 146
-
health
2 743
2 528
3 141
-
total
6 911
6 368
7 914
-
Corporate
52 109
55 770
-
-
income
10 422
11 154
-
-
total
10 422
11 154
-
-
Dividends
41 688
44 616
-
-
income
8 859
9 481
-
-
withholding
6 253
6 692
-
-
total
15 112
16 173
-
-
Income
98 500
98 500
98 500
98 500
Total tax
48 311
49 383
35 510
45 755
After tax
50 189
49 117
62 990
52 745
Living cost
23 612
23 612
23 612
23 612
Free-cash
26 577
25 505
39 378
29 133

Estimated living cost  is ₴23612 per week

₴17418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2109
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3815
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57608
₴53965
₴48313
₴43947
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
10 577
health
-
-
-
13 297
solidarity contribution
-
-
-
1 414
social contributions
-
-
-
14 690
total
-
-
-
39 978
Employee
15 013
-
78 829
-
social contributions
976
-
3 270
-
health
2 027
-
10 642
-
solidarity contribution
-
-
1 023
-
income
1 802
-
9 737
-
total
4 805
-
24 672
-
Employer
15 013
-
78 829
-
social contributions
3 753
-
12 577
-
health
1 351
-
7 095
-
total
5 104
-
19 672
-
Corporate
78 383
98 500
-
-
income
14 893
18 715
-
-
total
14 893
18 715
-
-
Dividends
63 490
79 785
-
-
withholding
9 524
11 968
-
-
total
9 524
11 968
-
-
Income
98 500
98 500
98 500
98 500
Total tax
34 326
30 683
44 344
39 978
After tax
64 174
67 817
54 156
58 522
Living cost
10 209
10 209
10 209
10 209
Free-cash
53 965
57 608
43 947
48 313

Estimated living cost  is ₴10209 per week

₴7091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴726
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.
₴2191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34585
₴32364
₴29673
₴26063
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
municipal
-
-
-
617
regional
-
-
-
1 258
national
-
-
-
27 672
social contributions
-
-
-
21 312
total
-
-
-
50 859
Employee
37 844
-
98 500
-
social contributions
12 761
-
27 940
-
regional
357
-
1 143
-
municipal
200
-
565
-
national
6 557
-
24 821
-
total
19 875
-
54 469
-
Employer
37 844
-
98 500
-
total
-
-
-
-
Corporate
60 656
98 500
-
-
nationa
14 557
23 640
-
-
municipal
2 365
3 842
-
-
total
16 922
27 482
-
-
Dividends
43 734
71 019
-
-
withholding
11 371
18 465
-
-
total
11 371
18 465
-
-
Income
98 500
98 500
98 500
98 500
Total tax
48 168
45 947
54 469
50 859
After tax
50 332
52 553
44 031
47 641
Living cost
17 968
17 968
17 968
17 968
Free-cash
32 364
34 585
26 063
29 673

Estimated living cost  is ₴17968 per week

₴12525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1178
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3989
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52560
₴51235
₴36905
₴34302
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
31 371
pensions
-
-
-
11 366
other
-
-
-
-
unemployment
-
-
-
97
health
-
-
-
4 035
surtax
-
-
-
5 330
total
-
-
-
52 199
Employee
14 081
-
86 537
-
other
-
-
-
-
health
360
-
1 449
-
surtax
46
-
4 820
-
income
2 360
-
28 824
-
pensions
939
-
3 791
-
unemployment
980
-
3 955
-
total
4 685
-
42 839
-
Employer
14 081
-
86 537
-
other
-
-
-
-
unemployment
446
-
1 801
-
pensions
1 877
-
7 576
-
health
641
-
2 586
-
total
2 964
-
11 963
-
Corporate
81 455
98 500
-
-
income
21 179
25 610
-
-
total
21 179
25 610
-
-
Dividends
60 276
72 890
-
-
withholding
9 041
10 934
-
-
total
9 041
10 934
-
-
Income
98 500
98 500
98 500
98 500
Total tax
37 869
36 544
54 802
52 199
After tax
60 631
61 956
43 698
46 301
Living cost
9 396
9 396
9 396
9 396
Free-cash
51 235
52 560
34 302
36 905

Estimated living cost  is ₴9396 per week

₴5745
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴867
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42384
₴45222
₴43971
₴35182
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
30 574
pensions
-
-
-
4 322
total
-
-
-
34 896
Employee
27 249
-
85 834
-
health
396
-
1 156
-
income
4 908
-
24 714
-
pensions
2 313
-
5 149
-
total
7 617
-
31 019
-
Employer
27 249
-
85 834
-
pensions
2 950
-
11 035
-
health
518
-
1 631
-
total
3 468
-
12 666
-
Corporate
67 784
98 500
-
-
income

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

12 878
18 715
-
-
total
12 878
18 715
-
-
Dividends
54 905
79 785
-
-
withholding
9 682
17 768
-
-
total
9 682
17 768
-
-
Income
98 500
98 500
98 500
98 500
Total tax
33 645
36 483
43 685
34 896
After tax
64 855
62 017
54 815
63 604
Living cost
19 633
19 633
19 633
19 633
Free-cash
45 222
42 384
35 182
43 971

Estimated living cost  is ₴19633 per week

₴14709
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
₴12592
₴26476
₴45486
₴42047
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
city
-
-
-
1 038
pensions
-
-
-
9 063
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.

-
-
-
1 970
regional
-
-
-
5 598
health
-
-
-
222
national
-
-
-
2 673
total
-
-
-
20 564
Employee
37 975
-
88 734
-
city
408
-
961
-
regional
1 243
-
5 013
-
health
86
-
200
-
pensions
3 190
-
6 816
-
unemployment
-
-
-
-
national
180
-
2 223
-
total
5 107
-
15 213
-
Employer
37 975
-
88 734
-
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.

759
-
1 774
-
unemployment
-
-
-
-
pensions
3 190
-
6 816
-
health
86
-
200
-
total
4 035
-
8 790
-
Corporate
56 072
98 500
-
-
regional
11 859
20 832
-
-
national
4 766
8 373
-
-
total
16 625
29 205
-
-
Dividends
39 447
69 295
-
-
withholding
13 807
24 253
-
-
total
13 807
24 253
-
-
Income
98 500
98 500
98 500
98 500
Total tax
39 574
53 458
24 003
20 564
After tax
58 926
45 042
74 497
77 936
Living cost
32 450
32 450
32 450
32 450
Free-cash
26 476
12 592
42 047
45 486

Estimated living cost  is ₴32450 per week

₴21102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴29120
₴36027
₴27716
₴41213
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 500
trade
-
-
-
13 497
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.

-
-
-
33 053
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.

-
-
-
2 909
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.

-
-
-
1 818
total
-
-
-
51 277
Employee

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

25 591
-
98 500
-
health

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

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

2 909
-
2 909
-
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.

166
-
1 818
-
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.

3 009
-
33 053
-
total
6 084
-
37 780
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
72 909
98 500
-
-
surtax

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

601
813
-
-
income
10 936
14 775
-
-
trade
12 504
16 893
-
-
chamber of commerce
167
204
-
-
total
24 208
32 685
-
-
Dividends
48 701
65 816
-
-
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.

661
896
-
-
withholding
12 013
16 292
-
-
total
12 674
17 188
-
-
Income
98 500
98 500
98 500
98 500
Total tax
42 966
49 873
37 780
51 277
After tax
55 534
48 627
60 720
47 223
Living cost
19 507
19 507
19 507
19 507
Free-cash
36 027
29 120
41 213
27 716

Estimated living cost  is ₴19507 per week

₴14247
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3446
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35075
₴37589
₴39097
₴36042
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
18 751
pensions
-
-
-
15 325
other
-
-
-
3 054
health
-
-
-
4 898
surtax
-
-
-
-
social contributions
-
-
-
2 806
total
-
-
-
44 834
Employee
18 224
-
75 014
-
social contributions
520
-
2 137
-
surtax
-
-
-
-
income
1 076
-
16 546
-
pensions
2 061
-
5 721
-
total
3 657
-
24 404
-
Employer
18 224
-
75 014
-
other
629
-
3 141
-
social contributions
55
-
225
-
unemployment
738
-
3 038
-
pensions
2 994
-
9 542
-
health
1 276
-
7 539
-
total
5 692
-
23 485
-
Corporate
74 585
98 500
-
-
surtax
-
-
-
-
income
20 884
27 580
-
-
total
20 884
27 580
-
-
Dividends
53 701
70 920
-
-
surtax
-
-
-
-
social contributions
9 236
12 198
-
-
withholding
6 873
9 078
-
-
total
16 109
21 276
-
-
Income
98 500
98 500
98 500
98 500
Total tax
46 342
48 856
47 889
44 834
After tax
52 158
49 644
50 611
53 666
Living cost
14 569
14 569
14 569
14 569
Free-cash
37 589
35 075
36 042
39 097

Estimated living cost  is ₴14569 per week

₴9186
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.
₴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.
₴3951
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36519
₴38883
₴40541
₴37486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
18 751
pensions
-
-
-
15 325
other
-
-
-
3 054
health
-
-
-
4 898
surtax
-
-
-
-
social contributions
-
-
-
2 806
total
-
-
-
44 834
Employee
16 268
-
75 014
-
social contributions
464
-
2 137
-
surtax
-
-
-
-
income
839
-
16 546
-
pensions
1 840
-
5 721
-
total
3 143
-
24 404
-
Employer
16 268
-
75 014
-
other
562
-
3 141
-
social contributions
48
-
225
-
unemployment
659
-
3 038
-
pensions
2 673
-
9 542
-
health
1 139
-
7 539
-
total
5 081
-
23 485
-
Corporate
77 152
98 500
-
-
surtax
-
-
-
-
income
21 603
27 580
-
-
total
21 603
27 580
-
-
Dividends
55 549
70 920
-
-
surtax
-
-
-
-
social contributions
9 555
12 198
-
-
withholding
7 110
9 078
-
-
total
16 665
21 276
-
-
Income
98 500
98 500
98 500
98 500
Total tax
46 492
48 856
47 889
44 834
After tax
52 008
49 644
50 611
53 666
Living cost
13 125
13 125
13 125
13 125
Free-cash
38 883
36 519
37 486
40 541

Estimated living cost  is ₴13125 per week

₴7612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3931
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51064
₴51286
₴54228
₴51507
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
14 775
health
-
-
-
6 875
social contributions
-
-
-
13 593
total
-
-
-
35 243
Employee
14 438
-
98 500
-
social contributions
1 993
-
13 593
-
health
1 008
-
6 875
-
income
2 408
-
17 496
-
total
5 409
-
37 964
-
Employer
14 438
-
98 500
-
total
-
-
-
-
Corporate
84 062
98 500
-
-
income

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

4 203
4 925
-
-
total
4 203
4 925
-
-
Dividends
79 860
93 575
-
-
health
5 574
6 532
-
-
social contributions
11 020
12 914
-
-
withholding
11 979
14 036
-
-
total
28 573
33 482
-
-
Income
98 500
98 500
98 500
98 500
Total tax
38 185
38 407
37 964
35 243
After tax
60 315
60 093
60 536
63 257
Living cost
9 029
9 029
9 029
9 029
Free-cash
51 286
51 064
51 507
54 228

Estimated living cost  is ₴9029 per week

₴6043
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴557
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.
₴2221
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39270
₴38614
₴35412
₴10793
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
chamber of commerce
-
-
-
394
income
-
-
-
31 986
pensions
-
-
-
9 203
unemployment
-
-
-
2 612
health
-
-
-
3 805
surtax
-
-
-
84
total
-
-
-
48 084
Employee
21 280
16 969
81 762
-
other
213
170
498
-
health
823
657
1 925
-
income
2 423
1 252
26 922
-
pensions
2 179
1 737
5 094
-
unemployment
638
509
1 492
-
total
6 276
4 325
35 931
-
Employer
21 280
16 969
81 762
-
accident
276
221
646
-
other
1 011
806
3 611
-
chamber of commerce
85
68
327
-
unemployment
638
509
1 492
-
surtax
84
84
84
-
pensions
2 671
2 130
6 243
-
payroll
638
509
2 452
-
health
804
642
1 880
-
total
6 207
4 969
16 735
-
Corporate
71 012
76 563
80 146
-
income

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

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

17 753
19 141
20 037
-
total
17 753
19 141
20 037
-
Dividends
53 259
57 422
-
-
withholding
14 646
15 791
-
-
total
14 646
15 791
-
-
Income
98 500
98 500
98 500
98 500
Total tax
44 882
44 226
72 703
48 084
After tax
53 618
54 274
25 797
50 416
Living cost
15 004
15 004
15 004
15 004
Free-cash
38 614
39 270
10 793
35 412

Estimated living cost  is ₴15004 per week

₴10007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1280
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.
₴3471
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38376
₴33127
₴27330
₴17843
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
national
-
-
-
39 755
communal

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

-
-
-
5 273
social contributions
-
-
-
10 616
total
-
-
-
55 644
Employee

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

30 459
-
76 292
-
communal

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

1 589
-
3 979
-
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.

1 431
-
3 586
-
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.

2 284
-
5 722
-
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.

265
-
663
-
national
9 364
-
28 974
-
total
14 933
-
42 924
-
Employer

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

30 459
-
76 292
-
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.

396
-
991
-
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.

444
-
1 114
-
surtax
3 454
-
8 651
-
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.

2 699
-
6 759
-
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.

1 873
-
4 692
-
total
8 866
-
22 207
-
Corporate
59 175
98 500
-
-
surtax
237
426
-
-
income
11 835
21 292
-
-
total
12 072
21 718
-
-
Dividends
47 103
76 782
-
-
withholding

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

13 976
22 880
-
-
total
13 976
22 880
-
-
Income
98 500
98 500
98 500
98 500
Total tax
49 847
44 598
65 131
55 644
After tax
48 653
53 902
33 369
42 856
Living cost
15 526
15 526
15 526
15 526
Free-cash
33 127
38 376
17 843
27 330

Estimated living cost  is ₴15526 per week

₴10001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49995
₴47079
₴39636
₴37850
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
accident
-
-
-
356
income
-
-
-
31 645
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
43 486
Employee
21 196
-
85 918
-
other
21
-
40
-
income
4 472
-
30 183
-
pensions
996
-
1 855
-
unemployment
329
-
612
-
total
5 818
-
32 690
-
Employer
21 196
-
85 918
-
accident
419
-
781
-
other
169
-
316
-
unemployment
1 166
-
2 170
-
pensions
5 002
-
9 315
-
total
6 756
-
12 582
-
Corporate
70 548
98 500
-
-
income

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

10 582
14 775
-
-
total
10 582
14 775
-
-
Dividends
59 965
83 725
-
-
withholding
12 887
18 352
-
-
total
12 887
18 352
-
-
Income
98 500
98 500
98 500
98 500
Total tax
36 043
33 127
45 272
43 486
After tax
62 457
65 373
53 228
55 014
Living cost
15 378
15 378
15 378
15 378
Free-cash
47 079
49 995
37 850
39 636

Estimated living cost  is ₴15378 per week

₴11324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1091
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32402
₴26547
₴22928
₴26854
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
accident
-
-
-
831
income
-
-
-
18 807
pensions
-
-
-
14 764
health
-
-
-
6 921
surtax
-
-
-
4 883
communal
-
-
-
6 225
total
-
-
-
52 431
Employee
32 247
-
87 985
-
health
1 435
-
3 915
-
surtax
1 977
-
5 392
-
income
3 115
-
21 644
-
pensions
2 579
-
7 039
-
total
9 106
-
37 990
-
Employer
32 247
-
87 985
-
accident
290
-
792
-
pensions
2 579
-
7 039
-
health
983
-
2 684
-
total
3 852
-
10 515
-
Corporate
62 401
98 500
-
-
surtax
655
1 034
-
-
communal
4 212
6 649
-
-
income
9 360
14 775
-
-
total
14 227
22 458
-
-
Dividends
48 173
76 042
-
-
income
14 401
9 092
-
-
withholding
7 226
11 407
-
-
total
21 627
20 499
-
-
Income
98 500
98 500
98 500
98 500
Total tax
48 812
42 957
48 505
52 431
After tax
49 688
55 543
49 995
46 069
Living cost
23 141
23 141
23 141
23 141
Free-cash
26 547
32 402
26 854
22 928

Estimated living cost  is ₴23141 per week

₴17359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1402
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.
₴4134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52392
₴51037
₴36737
₴34134
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
31 371
pensions
-
-
-
11 366
other
-
-
-
-
unemployment
-
-
-
97
health
-
-
-
4 035
surtax
-
-
-
5 330
total
-
-
-
52 199
Employee
14 340
-
86 537
-
other
-
-
-
-
health
366
-
1 449
-
surtax
51
-
4 820
-
income
2 404
-
28 824
-
pensions
957
-
3 791
-
unemployment
998
-
3 955
-
total
4 776
-
42 839
-
Employer
14 340
-
86 537
-
other
-
-
-
-
unemployment
455
-
1 801
-
pensions
1 912
-
7 576
-
health
652
-
2 586
-
total
3 019
-
11 963
-
Corporate
81 141
98 500
-
-
income
21 097
25 610
-
-
total
21 097
25 610
-
-
Dividends
60 044
72 890
-
-
withholding
9 007
10 934
-
-
total
9 007
10 934
-
-
Income
98 500
98 500
98 500
98 500
Total tax
37 899
36 544
54 802
52 199
After tax
60 601
61 956
43 698
46 301
Living cost
9 564
9 564
9 564
9 564
Free-cash
51 037
52 392
34 134
36 737

Estimated living cost  is ₴9564 per week

₴5774
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴831
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40303
₴39359
₴35861
₴32271
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
municipal
-
-
-
617
regional
-
-
-
1 567
national
-
-
-
27 672
social contributions
-
-
-
21 312
total
-
-
-
51 168
Employee
23 621
-
98 500
-
social contributions
7 965
-
27 940
-
regional
318
-
1 432
-
municipal
125
-
565
-
national
3 742
-
24 821
-
total
12 150
-
54 758
-
Employer
23 621
-
98 500
-
total
-
-
-
-
Corporate
74 879
98 500
-
-
nationa
17 971
23 640
-
-
municipal
3 721
4 895
-
-
total
21 692
28 535
-
-
Dividends
53 187
69 965
-
-
withholding
13 828
18 191
-
-
total
13 828
18 191
-
-
Income
98 500
98 500
98 500
98 500
Total tax
47 670
46 726
54 758
51 168
After tax
50 830
51 774
43 742
47 332
Living cost
11 471
11 471
11 471
11 471
Free-cash
39 359
40 303
32 271
35 861

Estimated living cost  is ₴11471 per week

₴7134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1162
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.
₴2979
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55237
₴50750
₴45942
₴41576
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
10 577
health
-
-
-
13 297
solidarity contribution
-
-
-
1 414
social contributions
-
-
-
14 690
total
-
-
-
39 978
Employee
18 500
-
78 829
-
social contributions
1 202
-
3 270
-
health
2 497
-
10 642
-
solidarity contribution
-
-
1 023
-
income
2 220
-
9 737
-
total
5 919
-
24 672
-
Employer
18 500
-
78 829
-
social contributions
4 625
-
12 577
-
health
1 665
-
7 095
-
total
6 290
-
19 672
-
Corporate
73 711
98 500
-
-
income
14 005
18 715
-
-
total
14 005
18 715
-
-
Dividends
59 706
79 785
-
-
withholding
8 956
11 968
-
-
total
8 956
11 968
-
-
Income
98 500
98 500
98 500
98 500
Total tax
35 170
30 683
44 344
39 978
After tax
63 330
67 817
54 156
58 522
Living cost
12 580
12 580
12 580
12 580
Free-cash
50 750
55 237
41 576
45 942

Estimated living cost  is ₴12580 per week

₴9355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴697
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.
₴2310
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40735
₴40527
₴36915
₴12231
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
chamber of commerce
-
-
-
394
income
-
-
-
31 986
pensions
-
-
-
9 203
unemployment
-
-
-
2 612
health
-
-
-
3 805
surtax
-
-
-
-
total
-
-
-
48 000
Employee
18 614
16 969
81 841
-
other
186
170
498
-
health
720
657
1 925
-
income
1 658
1 252
26 962
-
pensions
1 906
1 737
5 094
-
unemployment
558
509
1 492
-
total
5 028
4 325
35 971
-
Employer
18 614
16 969
81 841
-
accident
242
221
646
-
other
884
806
3 614
-
chamber of commerce
74
68
327
-
unemployment
558
509
1 492
-
surtax
-
-
-
-
pensions
2 336
2 130
6 243
-
payroll
558
509
2 455
-
health
704
642
1 880
-
total
5 356
4 885
16 657
-
Corporate
74 530
76 647
80 225
-
income

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

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

18 632
19 162
20 056
-
total
18 632
19 162
20 056
-
Dividends
55 897
57 485
-
-
withholding
15 372
15 808
-
-
total
15 372
15 808
-
-
Income
98 500
98 500
98 500
98 500
Total tax
44 388
44 180
72 684
48 000
After tax
54 112
54 320
25 816
50 500
Living cost
13 585
13 585
13 585
13 585
Free-cash
40 527
40 735
12 231
36 915

Estimated living cost  is ₴13585 per week

₴8149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1387
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.
₴3806
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴87518
₴86383
₴91458
₴72743
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
98 500
microenterprise

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

-
-
-
985
total
-
-
-
985
Employee
7 571
-
98 500
-
income
1 514
-
19 700
-
total
1 514
-
19 700
-
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%.

90 929
98 500
-
-
total
-
-
-
-
Dividends
90 929
98 500
-
-
withholding
4 546
4 925
-
-
total
4 546
4 925
-
-
Income
98 500
98 500
98 500
98 500
Total tax
6 060
4 925
19 700
985
After tax
92 440
93 575
78 800
97 515
Living cost
6 057
6 057
6 057
6 057
Free-cash
86 383
87 518
72 743
91 458

Estimated living cost  is ₴6057 per week

₴4099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴254
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56397
₴52835
₴34023
₴31886
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 500
income
-
-
-
25 227
pensions
-
-
-
17 988
unemployment
-
-
-
148
health
-
-
-
9 693
total
-
-
-
53 056
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.

18 830
-
85 230
-
health
1 216
-
5 505
-
income
3 247
-
23 088
-
pensions
2 919
-
13 211
-
unemployment
27
-
120
-
total
7 409
-
41 924
-
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.

18 830
-
85 230
-
unemployment
11
-
51
-
pensions
1 666
-
7 542
-
health
1 254
-
5 676
-
total
2 931
-
13 269
-
Corporate
76 739
98 500
-
-
income
14 581
18 715
-
-
total
14 581
18 715
-
-
Dividends
62 158
79 785
-
-
withholding
9 323
11 967
-
-
total
9 323
11 967
-
-
Income
98 500
98 500
98 500
98 500
Total tax
34 244
30 682
55 193
53 056
After tax
64 256
67 818
43 307
45 444
Living cost
11 421
11 421
11 421
11 421
Free-cash
52 835
56 397
31 886
34 023

Estimated living cost  is ₴11421 per week

₴7838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴732
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41469
₴21122
₴49613
₴74415
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
19 200
social contributions
-
-
-
11 229
total
-
-
-
30 429
Employee
26 466
-
-
-
social contributions
2 170
-
309
-
income
5 838
-
-
-
total
8 008
-
309
-
Employer
26 466
-
-
-
social contributions
37 317
-
5 318
-
total
37 317
-
5 318
-
Corporate
34 717
98 500
-
-
income
7 638
21 670
-
-
total
7 638
21 670
-
-
Dividends
27 079
76 830
-
-
income
5 957
16 903
-
-
total
5 957
16 903
-
-
Income
98 500
98 500
98 500
98 500
Total tax
58 920
38 573
5 627
30 429
After tax
39 580
59 927
92 873
68 071
Living cost
18 458
18 458
18 458
18 458
Free-cash
21 122
41 469
74 415
49 613

Estimated living cost  is ₴18458 per week

₴11976
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42670
₴42242
₴37888
₴30095
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 500
income
-
-
-
13 027
surtax
-
-
-
-
social contributions

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

-
-
-
34 229
total
-
-
-
47 256
Employee
19 584
-
79 596
-
social contributions
2 154
-
8 755
-
surtax
-
-
155
-
income
4 074
-
27 235
-
total
6 228
-
36 145
-
Employer
19 584
-
79 596
-
social contributions
4 651
-
18 904
-
total
4 651
-
18 904
-
Corporate
74 265
98 500
-
-
surtax
-
-
-
-
income
15 596
20 685
-
-
total
15 596
20 685
-
-
Dividends
58 669
77 815
-
-
withholding
16 427
21 789
-
-
total
16 427
21 789
-
-
Income
98 500
98 500
98 500
98 500
Total tax
42 902
42 474
55 049
47 256
After tax
55 598
56 026
43 451
51 244
Living cost
13 356
13 356
13 356
13 356
Free-cash
42 242
42 670
30 095
37 888

Estimated living cost  is ₴13356 per week

₴9993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴788
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.
₴2352
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29078
₴32004
₴33100
₴30045
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
18 751
pensions
-
-
-
15 325
other
-
-
-
3 054
health
-
-
-
4 898
surtax
-
-
-
-
social contributions
-
-
-
2 806
total
-
-
-
44 834
Employee
26 670
-
75 014
-
social contributions
760
-
2 137
-
surtax
-
-
-
-
income
2 327
-
16 546
-
pensions
3 017
-
5 721
-
total
6 104
-
24 404
-
Employer
26 670
-
75 014
-
other
920
-
3 141
-
social contributions
80
-
225
-
unemployment
1 080
-
3 038
-
pensions
4 382
-
9 542
-
health
1 867
-
7 539
-
total
8 329
-
23 485
-
Corporate
63 501
98 500
-
-
surtax
-
-
-
-
income
17 781
27 580
-
-
total
17 781
27 580
-
-
Dividends
45 720
70 920
-
-
surtax
-
-
-
-
social contributions
7 864
12 198
-
-
withholding
5 852
9 078
-
-
total
13 716
21 276
-
-
Income
98 500
98 500
98 500
98 500
Total tax
45 930
48 856
47 889
44 834
After tax
52 570
49 644
50 611
53 666
Living cost
20 566
20 566
20 566
20 566
Free-cash
32 004
29 078
30 045
33 100

Estimated living cost  is ₴20566 per week

₴13919
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴75850
₴74419
₴58932
₴61550
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
5 097
social contributions
-
-
-
21 671
total
-
-
-
26 768
Employee
13 689
-
85 281
-
income
-
-
5 388
-
social contributions
890
-
5 543
-
total
890
-
10 931
-
Employer
13 689
-
85 281
-
social contributions
2 122
-
13 219
-
total
2 122
-
13 219
-
Corporate
82 689
98 500
-
-
income
8 269
9 850
-
-
total
8 269
9 850
-
-
Dividends
74 420
88 650
-
-
total
-
-
-
-
Income
98 500
98 500
98 500
98 500
Total tax
11 281
9 850
24 150
26 768
After tax
87 219
88 650
74 350
71 732
Living cost
12 800
12 800
12 800
12 800
Free-cash
74 419
75 850
61 550
58 932

Estimated living cost  is ₴12800 per week

₴8276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴965
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5715
₴3255
₴36228
₴5715
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
municipal
-
-
-
21 215
pensions
-
-
-
369
national
-
-
-
12 329
labour market
-
-
-
7 850
total
-
-
-
41 763
Employee
86 566
86 566
86 566
-
labour market
6 915
6 915
6 915
-
national
10 576
10 576
10 576
-
municipal
18 434
18 434
18 434
-
pensions
123
123
123
-
total
36 048
36 048
36 048
-
Employer
86 566
86 566
86 566
-
labour market
6 925
6 925
6 925
-
municipal
18 463
18 463
18 463
-
pensions
246
246
246
-
national
10 594
10 594
10 594
-
total
36 228
36 228
36 228
-
Corporate
5 715
-
-
-
income
1 257
-
-
-
total
1 257
-
-
-
Dividends
4 457
-
-
-
withholding
1 203
-
-
-
total
1 203
-
-
-
Income
98 500
98 500
98 500
98 500
Total tax
74 736
72 276
72 276
41 763
After tax
23 764
26 224
26 224
56 737
Living cost
20 509
20 509
20 509
20 509
Free-cash
3 255
5 715
5 715
36 228

Estimated living cost  is ₴20509 per week

₴14037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1160
₴6577
₴58109
₴45217
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
accident
-
-
-
106
income
-
-
-
28 316
pensions
-
-
-
1 754
other
-
-
-
156
health
-
-
-
920
total
-
-
-
31 252
Employee
14 377
-
90 141
-
health
1 646
-
10 321
-
income
1 972
-
22 248
-
pensions
1 619
-
3 217
-
total
5 237
-
35 786
-
Employer
14 377
-
90 141
-
accident
240
-
1 505
-
unemployment
352
-
2 208
-
pensions
2 338
-
4 645
-
total
2 930
-
8 358
-
Corporate
81 193
98 500
-
-
income

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

73 074
88 650
-
-
total
73 074
88 650
-
-
Dividends
8 119
9 850
-
-
withholding
1 543
1 871
-
-
total
1 543
1 871
-
-
Income
98 500
98 500
98 500
98 500
Total tax
82 784
90 521
44 144
31 252
After tax
15 716
7 979
54 356
67 248
Living cost
9 139
9 139
9 139
9 139
Free-cash
6 577
-1 160
45 217
58 109

Estimated living cost  is ₴9139 per week

₴6652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1794
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43915
₴45231
₴43769
₴32489
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
98 500
municipal
-
-
-
17 489
health
-
-
-
1 339
national
-
-
-
19 555
total
-
-
-
38 383
Employee
22 403
-
82 862
-
health
167
-
1 098
-
municipal
3 669
-
13 487
-
pensions
1 512
-
5 593
-
unemployment
336
-
1 243
-
national
370
-
12 606
-
total
6 054
-
34 027
-
Employer
22 403
-
82 862
-
accident
23
-
83
-
unemployment
145
-
539
-
pensions
3 887
-
14 376
-
health
172
-
638
-
total
4 227
-
15 636
-
Corporate
71 870
98 500
-
-
income
14 374
19 700
-
-
total
14 374
19 700
-
-
Dividends

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

43 122
59 100
-
-
national
4 504
7 899
-
-
municipal
7 762
10 638
-
-
total
12 266
18 537
-
-
Income
98 500
98 500
98 500
98 500
Total tax
36 921
38 237
49 663
38 383
After tax
61 579
60 263
48 837
60 117
Living cost
16 348
16 348
16 348
16 348
Free-cash
45 231
43 915
32 489
43 769

Estimated living cost  is ₴16348 per week

₴10679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴61920
₴59603
₴56289
₴55487
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
22 951
health
-
-
-
2 511
social contributions
-
-
-
6 890
total
-
-
-
32 352
Employee
32 743
32 743
93 112
-
social contributions
1 238
2 718
3 665
-
health
254
557
1 583
-
income
3 565
3 031
22 518
-
total
5 057
6 306
27 766
-
Employer
32 743
32 743
93 112
-
social contributions
1 238
2 718
3 665
-
health
276
606
1 723
-
total
1 514
3 324
5 388
-
Corporate
82 071
62 433
-
-
income
10 259
7 804
-
-
total
10 259
7 804
-
-
Dividends
71 812
54 629
-
-
withholding
12 208
9 287
-
-
total
12 208
9 287
-
-
Income
98 500
98 500
98 500
98 500
Total tax
29 038
26 721
33 154
32 352
After tax
69 462
71 779
65 346
66 148
Living cost
9 859
9 859
9 859
9 859
Free-cash
59 603
61 920
55 487
56 289

Estimated living cost  is ₴9859 per week

₴5909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴967
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.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴74807
₴72642
₴77261
₴68722
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
98 500
income
-
-
-
10 216
pensions
-
-
-
2 709
unemployment
-
-
-
12
health
-
-
-
1 541
total
-
-
-
14 478
Employee

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

9 774
-
94 338
-
health
831
-
3 434
-
income
668
-
9 160
-
pensions
1 466
-
6 060
-
unemployment
48
-
202
-
total
3 013
-
18 856
-
Employer

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

9 774
-
94 338
-
unemployment
48
-
202
-
pensions
537
-
2 222
-
health
420
-
1 737
-
total
1 005
-
4 161
-
Corporate
87 720
98 500
-
-
income
7 895
8 865
-
-
total
7 895
8 865
-
-
Dividends
79 825
89 635
-
-
withholding
7 184
8 067
-
-
total
7 184
8 067
-
-
Income
98 500
98 500
98 500
98 500
Total tax
19 097
16 932
23 017
14 478
After tax
79 403
81 568
75 483
84 022
Living cost
6 761
6 761
6 761
6 761
Free-cash
72 642
74 807
68 722
77 261

Estimated living cost  is ₴6761 per week

₴4313
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1758
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53664
₴51786
₴43305
₴41519
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
accident
-
-
-
356
income
-
-
-
31 645
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
43 486
Employee
15 745
-
85 918
-
other
15
-
40
-
income
3 035
-
30 183
-
pensions
740
-
1 855
-
unemployment
244
-
612
-
total
4 034
-
32 690
-
Employer
15 745
-
85 918
-
accident
312
-
781
-
other
126
-
316
-
unemployment
866
-
2 170
-
pensions
3 715
-
9 315
-
total
5 019
-
12 582
-
Corporate
77 735
98 500
-
-
income

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

11 660
14 775
-
-
total
11 660
14 775
-
-
Dividends
66 075
83 725
-
-
withholding
14 292
18 352
-
-
total
14 292
18 352
-
-
Income
98 500
98 500
98 500
98 500
Total tax
35 005
33 127
45 272
43 486
After tax
63 495
65 373
53 228
55 014
Living cost
11 709
11 709
11 709
11 709
Free-cash
51 786
53 664
41 519
43 305

Estimated living cost  is ₴11709 per week

₴7904
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1126
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.
₴2475
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60294
₴60101
₴62168
₴62086
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
33 690
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
35 162
Employee
1 782
-
97 540
-
health
89
-
213
-
income
345
-
33 645
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
34 285
-
Employer
1 782
-
97 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
96 318
98 500
-
-
income
21 190
21 670
-
-
total
21 190
21 670
-
-
Dividends
75 128
76 830
-
-
withholding
15 026
15 366
-
-
total
15 026
15 366
-
-
Income
98 500
98 500
98 500
98 500
Total tax
37 229
37 036
35 244
35 162
After tax
61 271
61 464
63 256
63 338
Living cost
1 170
1 170
1 170
1 170
Free-cash
60 101
60 294
62 086
62 168

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
₴63799
₴61705
₴56387
₴56388
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 500
income
-
-
-
22 846
pensions
-
-
-
8 185
unemployment
-
-
-
472
health
-
-
-
3 243
total
-
-
-
34 746
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.

11 109
-
92 865
-
health
572
-
1 621
-
income
1 531
-
22 846
-
pensions
1 555
-
4 407
-
unemployment
83
-
236
-
total
3 741
-
29 110
-
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.

11 109
-
92 865
-
unemployment
83
-
236
-
pensions
1 333
-
3 778
-
health
572
-
1 621
-
total
1 988
-
5 635
-
Corporate
85 402
98 500
-
-
income
12 810
14 775
-
-
total
12 810
14 775
-
-
Dividends
72 592
83 725
-
-
withholding
10 889
12 559
-
-
total
10 889
12 559
-
-
Income
98 500
98 500
98 500
98 500
Total tax
29 428
27 334
34 745
34 746
After tax
69 072
71 166
63 755
63 754
Living cost
7 367
7 367
7 367
7 367
Free-cash
61 705
63 799
56 388
56 387

Estimated living cost  is ₴7367 per week

₴4960
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44546
₴44394
₴39764
₴31971
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 500
income
-
-
-
13 027
surtax
-
-
-
-
social contributions

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

-
-
-
34 229
total
-
-
-
47 256
Employee
16 527
-
79 596
-
social contributions
1 818
-
8 755
-
surtax
-
-
155
-
income
3 229
-
27 235
-
total
5 047
-
36 145
-
Employer
16 527
-
79 596
-
social contributions
3 925
-
18 904
-
total
3 925
-
18 904
-
Corporate
78 048
98 500
-
-
surtax
-
-
-
-
income
16 390
20 685
-
-
total
16 390
20 685
-
-
Dividends
61 658
77 815
-
-
withholding
17 264
21 789
-
-
total
17 264
21 789
-
-
Income
98 500
98 500
98 500
98 500
Total tax
42 626
42 474
55 049
47 256
After tax
55 874
56 026
43 451
51 244
Living cost
11 480
11 480
11 480
11 480
Free-cash
44 394
44 546
31 971
39 764

Estimated living cost  is ₴11480 per week

₴8131
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴798
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.
₴2348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50408
₴47624
₴40049
₴38263
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
accident
-
-
-
356
income
-
-
-
31 645
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
43 486
Employee
20 565
-
85 918
-
other
20
-
40
-
income
4 295
-
30 183
-
pensions
966
-
1 855
-
unemployment
318
-
612
-
total
5 599
-
32 690
-
Employer
20 565
-
85 918
-
accident
407
-
781
-
other
165
-
316
-
unemployment
1 131
-
2 170
-
pensions
4 853
-
9 315
-
total
6 556
-
12 582
-
Corporate
71 378
98 500
-
-
income

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

10 707
14 775
-
-
total
10 707
14 775
-
-
Dividends
60 672
83 725
-
-
withholding
13 049
18 352
-
-
total
13 049
18 352
-
-
Income
98 500
98 500
98 500
98 500
Total tax
35 911
33 127
45 272
43 486
After tax
62 589
65 373
53 228
55 014
Living cost
14 965
14 965
14 965
14 965
Free-cash
47 624
50 408
38 263
40 049

Estimated living cost  is ₴14965 per week

₴10747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2844
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴76888
₴74289
₴72420
₴76536
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
14 775
pensions

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

-
-
-
2 203
unemployment
-
-
-
60
health
-
-
-
1 712
total
-
-
-
18 750
Employee
9 706
-
95 580
-
health
447
-
685
-
accident

We are using the highest rate at 1.1%.

107
-
164
-
income
971
-
9 558
-
pensions

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

852
-
1 307
-
total
2 377
-
11 714
-
Employer
9 706
-
95 580
-
accident

We are using the highest rate at 1.1%.

107
-
164
-
unemployment
58
-
89
-
pensions

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

1 070
-
1 640
-
health
670
-
1 027
-
total
1 905
-
2 920
-
Corporate
86 890
98 500
-
-
income
8 689
9 850
-
-
total
8 689
9 850
-
-
Dividends
78 201
88 650
-
-
withholding
3 910
4 432
-
-
total
3 910
4 432
-
-
Income
98 500
98 500
98 500
98 500
Total tax
16 881
14 282
14 634
18 750
After tax
81 619
84 218
83 866
79 750
Living cost
7 330
7 330
7 330
7 330
Free-cash
74 289
76 888
76 536
72 420

Estimated living cost  is ₴7330 per week

₴4848
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.
₴175
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1888
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34213
₴39785
₴32987
₴44280
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 500
trade
-
-
-
11 293
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.

-
-
-
33 053
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.

-
-
-
2 909
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.

-
-
-
1 818
total
-
-
-
49 073
Employee

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

21 187
-
98 500
-
health

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

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

2 909
-
2 909
-
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.

96
-
1 818
-
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.

1 742
-
33 053
-
total
4 747
-
37 780
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
77 313
98 500
-
-
surtax

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

638
813
-
-
income
11 597
14 775
-
-
trade
11 095
14 135
-
-
chamber of commerce
178
209
-
-
total
23 508
29 932
-
-
Dividends
53 806
68 569
-
-
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.

731
934
-
-
withholding
13 289
16 981
-
-
total
14 020
17 915
-
-
Income
98 500
98 500
98 500
98 500
Total tax
42 275
47 847
37 780
49 073
After tax
56 225
50 653
60 720
49 427
Living cost
16 440
16 440
16 440
16 440
Free-cash
39 785
34 213
44 280
32 987

Estimated living cost  is ₴16440 per week

₴11340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1769
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.
₴3092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44694
₴45635
₴24904
₴24904
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
32 362
social contributions
-
-
-
16 978
total
-
-
-
49 340
Employee
33 308
-
98 500
-
income
6 285
-
32 362
-
social contributions
2 767
-
16 978
-
total
9 052
-
49 340
-
Employer
33 308
-
98 500
-
total
-
-
-
-
Corporate
65 192
98 500
-
-
income
8 149
12 312
-
-
total
8 149
12 312
-
-
Dividends
57 042
86 188
-
-
withholding
11 408
17 238
-
-
total
11 408
17 238
-
-
Income
98 500
98 500
98 500
98 500
Total tax
28 609
29 550
49 340
49 340
After tax
69 891
68 950
49 160
49 160
Living cost
24 256
24 256
24 256
24 256
Free-cash
45 635
44 694
24 904
24 904

Estimated living cost  is ₴24256 per week

₴18454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46318
₴47806
₴65410
₴53144
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 500
income
-
-
-
14 775
health

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

-
-
-
2 858
total
-
-
-
17 633
Employee
19 534
-
96 541
-
income
2 120
-
25 981
-
social contributions
1 957
-
1 959
-
total
4 077
-
27 940
-
Employer
19 534
-
96 541
-
social contributions
1 957
-
1 959
-
total
1 957
-
1 959
-
Corporate
77 009
98 500
-
-
income
26 953
34 475
-
-
total
26 953
34 475
-
-
Dividends
50 056
64 025
-
-
social contributions
2 250
2 250
-
-
total
2 250
2 250
-
-
Income
98 500
98 500
98 500
98 500
Total tax
35 237
36 725
29 899
17 633
After tax
63 263
61 775
68 601
80 867
Living cost
15 457
15 457
15 457
15 457
Free-cash
47 806
46 318
53 144
65 410

Estimated living cost  is ₴15457 per week

₴10182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1219
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46056
₴48601
₴47643
₴38854
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
income
-
-
-
30 574
pensions
-
-
-
4 322
total
-
-
-
34 896
Employee
21 908
-
85 834
-
health
286
-
1 156
-
income
3 990
-
24 714
-
pensions
1 672
-
5 149
-
total
5 948
-
31 019
-
Employer
21 908
-
85 834
-
pensions
2 213
-
11 035
-
health
416
-
1 631
-
total
2 629
-
12 666
-
Corporate
73 962
98 500
-
-
income

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

14 053
18 715
-
-
total
14 053
18 715
-
-
Dividends
59 909
79 785
-
-
withholding
11 308
17 768
-
-
total
11 308
17 768
-
-
Income
98 500
98 500
98 500
98 500
Total tax
33 938
36 483
43 685
34 896
After tax
64 562
62 017
54 815
63 604
Living cost
15 961
15 961
15 961
15 961
Free-cash
48 601
46 056
38 854
47 643

Estimated living cost  is ₴15961 per week

₴10949
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.
₴3343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2065
₴6438
₴57204
₴44312
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
accident
-
-
-
106
income
-
-
-
28 316
pensions
-
-
-
1 754
other
-
-
-
156
health
-
-
-
920
total
-
-
-
31 252
Employee
15 800
-
90 141
-
health
1 809
-
10 321
-
income
2 168
-
22 248
-
pensions
1 779
-
3 217
-
total
5 756
-
35 786
-
Employer
15 800
-
90 141
-
accident
264
-
1 505
-
unemployment
387
-
2 208
-
pensions
2 569
-
4 645
-
total
3 220
-
8 358
-
Corporate
79 480
98 500
-
-
income

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

71 532
88 650
-
-
total
71 532
88 650
-
-
Dividends
7 948
9 850
-
-
withholding
1 510
1 871
-
-
total
1 510
1 871
-
-
Income
98 500
98 500
98 500
98 500
Total tax
82 018
90 521
44 144
31 252
After tax
16 482
7 979
54 356
67 248
Living cost
10 044
10 044
10 044
10 044
Free-cash
6 438
-2 065
44 312
57 204

Estimated living cost  is ₴10044 per week

₴7371
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴585
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.
₴1885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69601
₴68314
₴57428
₴66790
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
98 500
work injury
-
-
-
340
health insurance
-
-
-
5 039
income
-
-
-
16 596
pensions
-
-
-
12 529
unemployment
-
-
-
817
total
-
-
-
35 321
Employee

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

9 202
-
98 500
-
work injury
46
-
170
-
income
920
-
16 596
-
pensions
1 693
-
6 265
-
health insurance
681
-
2 519
-
unemployment
110
-
409
-
total
3 450
-
25 959
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
89 298
98 500
-
-
income

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

8 930
9 850
-
-
total
8 930
9 850
-
-
Dividends
80 368
88 650
-
-
withholding
12 055
13 298
-
-
total
12 055
13 298
-
-
Income
98 500
98 500
98 500
98 500
Total tax
24 435
23 148
25 959
35 321
After tax
74 065
75 352
72 541
63 179
Living cost
5 751
5 751
5 751
5 751
Free-cash
68 314
69 601
66 790
57 428

Estimated living cost  is ₴5751 per week

₴3563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴418
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34921
₴32984
₴29430
₴25934
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
98 500
municipal
-
-
-
695
regional
-
-
-
2 428
national
-
-
-
27 672
social contributions
-
-
-
21 312
total
-
-
-
52 107
Employee
35 882
-
98 500
-
social contributions
12 099
-
27 940
-
regional
542
-
2 207
-
municipal
214
-
635
-
national
6 064
-
24 821
-
total
18 919
-
55 603
-
Employer
35 882
-
98 500
-
total
-
-
-
-
Corporate
62 618
98 500
-
-
nationa
15 028
23 640
-
-
municipal
3 018
4 747
-
-
total
18 046
28 387
-
-
Dividends
44 572
70 113
-
-
withholding
11 588
18 229
-
-
total
11 588
18 229
-
-
Income
98 500
98 500
98 500
98 500
Total tax
48 553
46 616
55 603
52 107
After tax
49 947
51 884
42 897
46 393
Living cost
16 963
16 963
16 963
16 963
Free-cash
32 984
34 921
25 934
29 430

Estimated living cost  is ₴16963 per week

₴11916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1167
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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