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
₴ 99500
per

Your estimated
City
free-cash

Dresden , Germany
₴37172
₴41907
₴35803
₴48338
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
99 500
trade
-
-
-
12 535
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.

-
-
-
33 424
health

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

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

-
-
-
2 926
surtax

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

-
-
-
1 839
total
-
-
-
50 724
Employee

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

16 382
-
99 500
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
1 839
-
income

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

458
-
33 424
-
total
3 409
-
38 189
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
83 118
99 500
-
-
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.

686
821
-
-
income
12 468
14 925
-
-
trade
13 091
15 671
-
-
chamber of commerce
185
208
-
-
total
26 430
31 625
-
-
Dividends
56 688
67 875
-
-
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.

771
924
-
-
withholding
14 010
16 806
-
-
total
14 781
17 730
-
-
Income
99 500
99 500
99 500
99 500
Total tax
44 620
49 355
38 189
50 724
After tax
54 880
50 145
61 311
48 776
Living cost
12 973
12 973
12 973
12 973
Free-cash
41 907
37 172
48 338
35 803

Estimated living cost  is ₴12973 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
₴40445
₴40084
₴34788
₴35322
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
municipal
-
-
-
11 072
pensions
-
-
-
11 940
national
-
-
-
18 987
social contributions
-
-
-
1 070
total
-
-
-
43 069
Employee
33 550
-
86 017
-
municipal
4 144
-
11 457
-
pensions
1 342
-
3 441
-
national
6 422
-
19 831
-
total
11 908
-
34 729
-
Employer
33 550
-
86 017
-
social contributions
361
-
925
-
pensions
2 684
-
6 881
-
total
3 045
-
7 806
-
Corporate
60 691
99 500
-
-
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%.

12 138
19 900
-
-
total
12 138
19 900
-
-
Dividends
48 552
79 600
-
-
withholding
10 682
17 512
-
-
total
10 682
17 512
-
-
Income
99 500
99 500
99 500
99 500
Total tax
37 773
37 412
42 535
43 069
After tax
61 727
62 088
56 965
56 431
Living cost
21 643
21 643
21 643
21 643
Free-cash
40 084
40 445
35 322
34 788

Estimated living cost  is ₴21643 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
₴70689
₴67175
₴27491
₴34513
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
99 500
microenterprise
-
-
-
-
income
-
-
-
21 314
surtax
-
-
-
25 373
social contributions

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

-
-
-
16 411
total
-
-
-
63 098
Employee
12 516
-
78 561
-
social contributions

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

1 377
-
5 615
-
surtax
-
-
11 392
-
income
2 228
-
18 130
-
total
3 605
-
35 137
-
Employer
12 516
-
78 561
-
social contributions

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

3 015
-
12 297
-
surtax
-
-
8 642
-
total
3 015
-
20 939
-
Corporate
83 970
99 500
-
-
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%.

16 794
19 900
-
-
total
16 794
19 900
-
-
Dividends

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

67 175
79 600
-
-
total
-
-
-
-
Income
99 500
99 500
99 500
99 500
Total tax
23 414
19 900
56 076
63 098
After tax
76 086
79 600
43 424
36 402
Living cost
8 911
8 911
8 911
8 911
Free-cash
67 175
70 689
34 513
27 491

Estimated living cost  is ₴8911 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
₴31678
₴29053
₴35316
₴45687
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
35 941
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
46 241
Employee
36 577
36 577
91 540
-
health
5 614
4 775
5 282
-
income

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

5 987
5 987
17 611
-
pensions
6 584
5 018
5 018
-
total
18 185
15 780
27 911
-
Employer
36 577
36 577
91 540
-
unemployment
1 317
1 317
1 636
-
pensions
2 546
2 546
3 164
-
health
2 542
2 542
3 159
-
total
6 405
6 405
7 959
-
Corporate
56 967
56 518
-
-
income
11 393
11 304
-
-
total
11 393
11 304
-
-
Dividends
45 574
45 215
-
-
income
9 685
9 608
-
-
withholding
6 836
6 782
-
-
total
16 521
16 390
-
-
Income
99 500
99 500
99 500
99 500
Total tax
52 504
49 879
35 870
46 241
After tax
46 996
49 621
63 630
53 259
Living cost
17 943
17 943
17 943
17 943
Free-cash
29 053
31 678
45 687
35 316

Estimated living cost  is ₴17943 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴37778
₴37407
₴32911
₴32509
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
municipal
-
-
-
26 538
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 215
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
12 994
total
-
-
-
50 040
Employee
23 581
-
88 104
-
municipal
7 032
-
26 273
-
national
-
-
12 772
-
total
7 032
-
39 045
-
Employer
23 581
-
88 104
-
accident
47
-
73
-
other
2 740
-
4 215
-
unemployment
623
-
957
-
pensions
2 549
-
3 921
-
health
1 450
-
2 231
-
total
7 409
-
11 397
-
Corporate
68 510
99 500
-
-
income
15 072
21 890
-
-
total
15 072
21 890
-
-
Dividends
53 438
77 610
-
-
withholding
16 031
23 283
-
-
total
16 031
23 283
-
-
Income
99 500
99 500
99 500
99 500
Total tax
45 544
45 173
50 442
50 040
After tax
53 956
54 327
49 058
49 460
Living cost
16 549
16 549
16 549
16 549
Free-cash
37 407
37 778
32 509
32 911

Estimated living cost  is ₴16549 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
₴32807
₴38826
₴31393
₴44485
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
99 500
trade
-
-
-
13 092
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.

-
-
-
33 424
health

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

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

-
-
-
2 926
surtax

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

-
-
-
1 839
total
-
-
-
51 281
Employee

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

21 721
-
99 500
-
health

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

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

2 926
-
2 926
-
surtax

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

102
-
1 839
-
income

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

1 866
-
33 424
-
total
4 894
-
38 189
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
77 779
99 500
-
-
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.

641
821
-
-
income
11 667
14 925
-
-
trade
12 794
16 368
-
-
chamber of commerce
176
206
-
-
total
25 278
32 320
-
-
Dividends
52 501
67 180
-
-
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.

713
914
-
-
withholding
12 963
16 633
-
-
total
13 676
17 547
-
-
Income
99 500
99 500
99 500
99 500
Total tax
43 848
49 867
38 189
51 281
After tax
55 652
49 633
61 311
48 219
Living cost
16 826
16 826
16 826
16 826
Free-cash
38 826
32 807
44 485
31 393

Estimated living cost  is ₴16826 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
₴58616
₴56839
₴52911
₴52101
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
23 229
health
-
-
-
2 538
social contributions
-
-
-
6 930
total
-
-
-
32 697
Employee
32 936
32 936
94 073
-
social contributions
1 600
2 733
3 687
-
health
328
560
1 600
-
income
3 459
3 049
22 793
-
total
5 387
6 342
28 080
-
Employer
32 936
32 936
94 073
-
social contributions
1 600
2 733
3 687
-
health
357
610
1 740
-
total
1 957
3 343
5 427
-
Corporate
78 264
63 221
-
-
income
9 783
7 903
-
-
total
9 783
7 903
-
-
Dividends
68 481
55 318
-
-
withholding
11 642
9 404
-
-
total
11 642
9 404
-
-
Income
99 500
99 500
99 500
99 500
Total tax
28 769
26 992
33 507
32 697
After tax
70 731
72 508
65 993
66 803
Living cost
13 892
13 892
13 892
13 892
Free-cash
56 839
58 616
52 101
52 911

Estimated living cost  is ₴13892 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
₴48061
₴48224
₴61146
₴49900
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
12 164
pensions
-
-
-
9 950
unemployment
-
-
-
1 493
health
-
-
-
6 965
total
-
-
-
30 572
Employee

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

The minimum wage is 138,000 HUF per month.

11 234
4 471
83 264
-
health
786
313
5 828
-
income
1 373
547
10 179
-
pensions
1 123
447
8 326
-
unemployment
169
67
1 249
-
total
3 451
1 374
25 582
-
Employer

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

The minimum wage is 138,000 HUF per month.

11 234
4 471
83 264
-
pensions
2 191
872
16 236
-
total
2 191
872
16 236
-
Corporate
86 076
94 157
-
-
income
7 747
8 474
-
-
total
7 747
8 474
-
-
Dividends
78 329
85 683
-
-
social contributions
15 223
16 657
-
-
withholding
14 882
16 280
-
-
total
30 105
32 937
-
-
Income
99 500
99 500
99 500
99 500
Total tax
43 494
43 657
41 818
30 572
After tax
56 006
55 843
57 682
68 928
Living cost
7 782
7 782
7 782
7 782
Free-cash
48 224
48 061
49 900
61 146

Estimated living cost  is ₴7782 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
₴69255
₴66595
₴42987
₴47005
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
13 333
pensions
-
-
-
19 900
health
-
-
-
12 935
total
-
-
-
46 168
Employee
12 151
-
74 365
-
income
1 368
-
14 337
-
pensions
243
-
1 487
-
unemployment
194
-
1 190
-
total
1 805
-
17 014
-
Employer
12 151
-
74 365
-
unemployment
98
-
595
-
pensions
2 430
-
14 873
-
health
1 579
-
9 668
-
total
4 107
-
25 136
-
Corporate
83 242
99 500
-
-
income
16 648
19 900
-
-
total
16 648
19 900
-
-
Dividends
66 594
79 600
-
-
total
-
-
-
-
Income
99 500
99 500
99 500
99 500
Total tax
22 560
19 900
42 150
46 168
After tax
76 940
79 600
57 350
53 332
Living cost
10 345
10 345
10 345
10 345
Free-cash
66 595
69 255
47 005
42 987

Estimated living cost  is ₴10345 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-₴1308
₴6623
₴58561
₴45539
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
accident
-
-
-
108
income
-
-
-
28 604
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
31 571
Employee
14 736
-
91 057
-
health
1 687
-
10 426
-
income
2 022
-
22 475
-
pensions
1 659
-
3 249
-
total
5 368
-
36 150
-
Employer
14 736
-
91 057
-
accident
246
-
1 521
-
unemployment
361
-
2 231
-
pensions
2 396
-
4 691
-
total
3 003
-
8 443
-
Corporate
81 761
99 500
-
-
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.

73 585
89 550
-
-
total
73 585
89 550
-
-
Dividends
8 176
9 950
-
-
withholding
1 553
1 890
-
-
total
1 553
1 890
-
-
Income
99 500
99 500
99 500
99 500
Total tax
83 509
91 440
44 593
31 571
After tax
15 991
8 060
54 907
67 929
Living cost
9 368
9 368
9 368
9 368
Free-cash
6 623
-1 308
45 539
58 561

Estimated living cost  is ₴9368 per week

₴6866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₴90671
₴89949
₴94651
₴75746
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
99 500
microenterprise

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

-
-
-
995
total
-
-
-
995
Employee
4 817
-
99 500
-
income
963
-
19 900
-
total
963
-
19 900
-
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%.

94 683
99 500
-
-
total
-
-
-
-
Dividends
94 683
99 500
-
-
withholding
4 734
4 975
-
-
total
4 734
4 975
-
-
Income
99 500
99 500
99 500
99 500
Total tax
5 697
4 975
19 900
995
After tax
93 803
94 525
79 600
98 505
Living cost
3 854
3 854
3 854
3 854
Free-cash
89 949
90 671
75 746
94 651

Estimated living cost  is ₴3854 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₴61689
₴58798
₴48830
₴48017
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
17 665
pensions

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

-
-
-
15 632
other
-
-
-
3 094
health
-
-
-
2 866
total
-
-
-
39 257
Employee
15 552
-
82 945
-
health
218
-
912
-
income
2 677
-
17 393
-
pensions

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

1 088
-
4 559
-
unemployment
155
-
651
-
total
4 138
-
23 515
-
Employer
15 552
-
82 945
-
accident
124
-
663
-
other
778
-
3 256
-
unemployment
155
-
651
-
pensions

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

2 644
-
11 073
-
health
218
-
912
-
total
3 919
-
16 555
-
Corporate
80 029
99 500
-
-
income
16 806
20 895
-
-
total
16 806
20 895
-
-
Dividends
63 223
78 605
-
-
withholding
4 426
5 503
-
-
total
4 426
5 503
-
-
Income
99 500
99 500
99 500
99 500
Total tax
29 289
26 398
40 070
39 257
After tax
70 211
73 102
59 430
60 243
Living cost
11 413
11 413
11 413
11 413
Free-cash
58 798
61 689
48 017
48 830

Estimated living cost  is ₴11413 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
₴33822
₴37283
₴35450
₴26576
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
30 963
pensions
-
-
-
4 343
total
-
-
-
35 306
Employee
40 669
-
86 699
-
health
670
-
1 164
-
income
7 331
-
25 048
-
pensions
3 923
-
5 167
-
total
11 924
-
31 379
-
Employer
40 669
-
86 699
-
pensions
4 802
-
11 154
-
health
772
-
1 647
-
total
5 574
-
12 801
-
Corporate
53 257
99 500
-
-
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.

10 119
18 905
-
-
total
10 119
18 905
-
-
Dividends
43 138
80 595
-
-
withholding
5 856
18 029
-
-
total
5 856
18 029
-
-
Income
99 500
99 500
99 500
99 500
Total tax
33 473
36 934
44 180
35 306
After tax
66 027
62 566
55 320
64 194
Living cost
28 744
28 744
28 744
28 744
Free-cash
37 283
33 822
26 576
35 450

Estimated living cost  is ₴28744 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
₴79453
₴77463
₴74958
₴79119
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
14 925
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
18 923
Employee
7 440
-
96 563
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
9 656
-
pensions

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

653
-
1 314
-
total
1 821
-
11 824
-
Employer
7 440
-
96 563
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
90 600
99 500
-
-
income
9 060
9 950
-
-
total
9 060
9 950
-
-
Dividends
81 540
89 550
-
-
withholding
4 077
4 478
-
-
total
4 077
4 478
-
-
Income
99 500
99 500
99 500
99 500
Total tax
16 418
14 428
14 762
18 923
After tax
83 082
85 072
84 738
80 577
Living cost
5 619
5 619
5 619
5 619
Free-cash
77 463
79 453
79 119
74 958

Estimated living cost  is ₴5619 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
₴25870
₴26947
₴29508
₴39879
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
35 941
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
46 241
Employee
39 710
36 577
91 540
-
health
4 954
4 775
5 282
-
income

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

5 987
5 987
17 611
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
27 911
-
Employer
39 710
36 577
91 540
-
unemployment
1 430
1 317
1 636
-
pensions
2 764
2 546
3 164
-
health
2 759
2 542
3 159
-
total
6 953
6 405
7 959
-
Corporate
52 837
56 518
-
-
income
10 567
11 304
-
-
total
10 567
11 304
-
-
Dividends
42 269
45 215
-
-
income
8 982
9 608
-
-
withholding
6 341
6 782
-
-
total
15 323
16 390
-
-
Income
99 500
99 500
99 500
99 500
Total tax
48 802
49 879
35 870
46 241
After tax
50 698
49 621
63 630
53 259
Living cost
23 751
23 751
23 751
23 751
Free-cash
26 947
25 870
39 879
29 508

Estimated living cost  is ₴23751 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴58247
₴54586
₴48897
₴44483
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
10 696
health
-
-
-
13 433
solidarity contribution
-
-
-
1 453
social contributions
-
-
-
14 762
total
-
-
-
40 344
Employee
15 086
-
79 689
-
social contributions
981
-
3 286
-
health
2 037
-
10 758
-
solidarity contribution
-
-
1 056
-
income
1 810
-
9 847
-
total
4 828
-
24 947
-
Employer
15 086
-
79 689
-
social contributions
3 772
-
12 639
-
health
1 358
-
7 172
-
total
5 130
-
19 811
-
Corporate
79 284
99 500
-
-
income
15 064
18 905
-
-
total
15 064
18 905
-
-
Dividends
64 220
80 595
-
-
withholding
9 633
12 089
-
-
total
9 633
12 089
-
-
Income
99 500
99 500
99 500
99 500
Total tax
34 655
30 994
44 758
40 344
After tax
64 845
68 506
54 742
59 156
Living cost
10 259
10 259
10 259
10 259
Free-cash
54 586
58 247
44 483
48 897

Estimated living cost  is ₴10259 per week

₴7126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴35015
₴32778
₴30078
₴26446
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
municipal
-
-
-
624
regional
-
-
-
1 273
national
-
-
-
28 015
social contributions
-
-
-
21 437
total
-
-
-
51 349
Employee
38 066
-
99 500
-
social contributions
12 836
-
28 105
-
regional
359
-
1 157
-
municipal
202
-
571
-
national
6 596
-
25 148
-
total
19 993
-
54 981
-
Employer
38 066
-
99 500
-
total
-
-
-
-
Corporate
61 434
99 500
-
-
nationa
14 744
23 880
-
-
municipal
2 396
3 880
-
-
total
17 140
27 760
-
-
Dividends
44 293
71 740
-
-
withholding
11 516
18 652
-
-
total
11 516
18 652
-
-
Income
99 500
99 500
99 500
99 500
Total tax
48 649
46 412
54 981
51 349
After tax
50 851
53 088
44 519
48 151
Living cost
18 073
18 073
18 073
18 073
Free-cash
32 778
35 015
26 446
30 078

Estimated living cost  is ₴18073 per week

₴12599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴53134
₴51800
₴37315
₴34696
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
31 745
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
5 399
total
-
-
-
52 733
Employee
14 164
-
87 467
-
other
-
-
-
-
health
362
-
1 457
-
surtax
46
-
4 887
-
income
2 374
-
29 183
-
pensions
944
-
3 813
-
unemployment
986
-
3 979
-
total
4 712
-
43 319
-
Employer
14 164
-
87 467
-
other
-
-
-
-
unemployment
449
-
1 812
-
pensions
1 888
-
7 620
-
health
645
-
2 601
-
total
2 982
-
12 033
-
Corporate
82 354
99 500
-
-
income
21 412
25 870
-
-
total
21 412
25 870
-
-
Dividends
60 942
73 630
-
-
withholding
9 142
11 044
-
-
total
9 142
11 044
-
-
Income
99 500
99 500
99 500
99 500
Total tax
38 248
36 914
55 352
52 733
After tax
61 252
62 586
44 148
46 767
Living cost
9 452
9 452
9 452
9 452
Free-cash
51 800
53 134
34 696
37 315

Estimated living cost  is ₴9452 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴42929
₴45768
₴44557
₴35683
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
30 963
pensions
-
-
-
4 343
total
-
-
-
35 306
Employee
27 255
-
86 699
-
health
396
-
1 164
-
income
4 909
-
25 048
-
pensions
2 313
-
5 167
-
total
7 618
-
31 379
-
Employer
27 255
-
86 699
-
pensions
2 950
-
11 154
-
health
518
-
1 647
-
total
3 468
-
12 801
-
Corporate
68 777
99 500
-
-
income

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

13 067
18 905
-
-
total
13 067
18 905
-
-
Dividends
55 709
80 595
-
-
withholding
9 942
18 029
-
-
total
9 942
18 029
-
-
Income
99 500
99 500
99 500
99 500
Total tax
34 095
36 934
44 180
35 306
After tax
65 405
62 566
55 320
64 194
Living cost
19 637
19 637
19 637
19 637
Free-cash
45 768
42 929
35 683
44 557

Estimated living cost  is ₴19637 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
₴13128
₴26976
₴46262
₴42863
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
city
-
-
-
1 048
pensions
-
-
-
9 153
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.

-
-
-
1 990
regional
-
-
-
5 688
health
-
-
-
224
national
-
-
-
2 763
total
-
-
-
20 866
Employee
37 884
-
89 663
-
city
407
-
971
-
regional
1 241
-
5 098
-
health
86
-
202
-
pensions
3 183
-
6 855
-
unemployment
-
-
-
-
national
179
-
2 289
-
total
5 096
-
15 415
-
Employer
37 884
-
89 663
-
other

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

757
-
1 793
-
unemployment
-
-
-
-
pensions
3 183
-
6 855
-
health
86
-
202
-
total
4 026
-
8 850
-
Corporate
57 174
99 500
-
-
regional
12 092
21 044
-
-
national
4 860
8 457
-
-
total
16 952
29 501
-
-
Dividends
40 222
69 998
-
-
withholding
14 078
24 499
-
-
total
14 078
24 499
-
-
Income
99 500
99 500
99 500
99 500
Total tax
40 152
54 000
24 265
20 866
After tax
59 348
45 500
75 235
78 634
Living cost
32 372
32 372
32 372
32 372
Free-cash
26 976
13 128
42 863
46 262

Estimated living cost  is ₴32372 per week

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

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
₴29500
₴36445
₴28041
₴41690
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
99 500
trade
-
-
-
13 649
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.

-
-
-
33 424
health

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

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

-
-
-
2 926
surtax

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

-
-
-
1 839
total
-
-
-
51 838
Employee

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

25 741
-
99 500
-
health

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

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

2 926
-
2 926
-
surtax

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

167
-
1 839
-
income

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

3 027
-
33 424
-
total
6 120
-
38 189
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
73 759
99 500
-
-
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.

609
821
-
-
income
11 064
14 925
-
-
trade
12 650
17 064
-
-
chamber of commerce
169
205
-
-
total
24 492
33 015
-
-
Dividends
49 267
66 485
-
-
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.

668
905
-
-
withholding
12 154
16 459
-
-
total
12 822
17 364
-
-
Income
99 500
99 500
99 500
99 500
Total tax
43 434
50 379
38 189
51 838
After tax
56 066
49 121
61 311
47 662
Living cost
19 621
19 621
19 621
19 621
Free-cash
36 445
29 500
41 690
28 041

Estimated living cost  is ₴19621 per week

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

Additional information

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

Source of data for Munich model

Close
Nice , France
₴35494
₴38026
₴39521
₴36406
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
18 998
pensions
-
-
-
15 449
other
-
-
-
3 085
health
-
-
-
4 958
surtax
-
-
-
-
social contributions
-
-
-
2 835
total
-
-
-
45 325
Employee
18 331
-
75 758
-
social contributions
523
-
2 159
-
surtax
-
-
-
-
income
1 082
-
16 752
-
pensions
2 073
-
5 786
-
total
3 678
-
24 697
-
Employer
18 331
-
75 758
-
other
632
-
3 176
-
social contributions
55
-
228
-
unemployment
742
-
3 068
-
pensions
3 011
-
9 648
-
health
1 283
-
7 623
-
total
5 723
-
23 743
-
Corporate
75 444
99 500
-
-
surtax
-
-
-
-
income
21 124
27 860
-
-
total
21 124
27 860
-
-
Dividends
54 320
71 640
-
-
surtax
-
-
-
-
social contributions
9 342
12 322
-
-
withholding
6 953
9 170
-
-
total
16 295
21 492
-
-
Income
99 500
99 500
99 500
99 500
Total tax
46 820
49 352
48 440
45 325
After tax
52 680
50 148
51 060
54 175
Living cost
14 654
14 654
14 654
14 654
Free-cash
38 026
35 494
36 406
39 521

Estimated living cost  is ₴14654 per week

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

Source of data for Nice model

Close
Marseille , France
₴36946
₴39323
₴40973
₴37858
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
18 998
pensions
-
-
-
15 449
other
-
-
-
3 085
health
-
-
-
4 958
surtax
-
-
-
-
social contributions
-
-
-
2 835
total
-
-
-
45 325
Employee
16 363
-
75 758
-
social contributions
467
-
2 159
-
surtax
-
-
-
-
income
844
-
16 752
-
pensions
1 851
-
5 786
-
total
3 162
-
24 697
-
Employer
16 363
-
75 758
-
other
565
-
3 176
-
social contributions
49
-
228
-
unemployment
662
-
3 068
-
pensions
2 689
-
9 648
-
health
1 145
-
7 623
-
total
5 110
-
23 743
-
Corporate
78 027
99 500
-
-
surtax
-
-
-
-
income
21 848
27 860
-
-
total
21 848
27 860
-
-
Dividends
56 179
71 640
-
-
surtax
-
-
-
-
social contributions
9 664
12 322
-
-
withholding
7 191
9 170
-
-
total
16 855
21 492
-
-
Income
99 500
99 500
99 500
99 500
Total tax
46 975
49 352
48 440
45 325
After tax
52 525
50 148
51 060
54 175
Living cost
13 202
13 202
13 202
13 202
Free-cash
39 323
36 946
37 858
40 973

Estimated living cost  is ₴13202 per week

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

Source of data for Marseille model

Close
Vilnius , Lithuania
₴51622
₴51845
₴54817
₴52058
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
14 925
health
-
-
-
6 945
social contributions
-
-
-
13 731
total
-
-
-
35 601
Employee
14 522
-
99 500
-
social contributions
2 004
-
13 731
-
health
1 014
-
6 945
-
income
2 422
-
17 684
-
total
5 440
-
38 360
-
Employer
14 522
-
99 500
-
total
-
-
-
-
Corporate
84 978
99 500
-
-
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%.

4 249
4 975
-
-
total
4 249
4 975
-
-
Dividends
80 729
94 525
-
-
health
5 635
6 598
-
-
social contributions
11 140
13 044
-
-
withholding
12 109
14 179
-
-
total
28 884
33 821
-
-
Income
99 500
99 500
99 500
99 500
Total tax
38 573
38 796
38 360
35 601
After tax
60 927
60 704
61 140
63 899
Living cost
9 082
9 082
9 082
9 082
Free-cash
51 845
51 622
52 058
54 817

Estimated living cost  is ₴9082 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
₴39730
₴39070
₴35829
₴10953
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
chamber of commerce
-
-
-
398
income
-
-
-
32 384
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 828
surtax
-
-
-
85
total
-
-
-
48 579
Employee
21 405
17 069
82 635
-
other
214
171
501
-
health
828
661
1 936
-
income
2 437
1 259
27 276
-
pensions
2 192
1 748
5 124
-
unemployment
642
512
1 501
-
total
6 313
4 351
36 338
-
Employer
21 405
17 069
82 635
-
accident
278
222
650
-
other
1 017
810
3 648
-
chamber of commerce
85
68
331
-
unemployment
642
512
1 501
-
surtax
85
85
85
-
pensions
2 686
2 143
6 280
-
payroll
642
512
2 479
-
health
809
645
1 891
-
total
6 244
4 997
16 865
-
Corporate
71 851
77 434
81 009
-
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.

17 962
19 359
20 252
-
total
17 962
19 359
20 252
-
Dividends
53 888
58 075
-
-
withholding
14 819
15 971
-
-
total
14 819
15 971
-
-
Income
99 500
99 500
99 500
99 500
Total tax
45 338
44 678
73 455
48 579
After tax
54 162
54 822
26 045
50 921
Living cost
15 092
15 092
15 092
15 092
Free-cash
39 070
39 730
10 953
35 829

Estimated living cost  is ₴15092 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
₴38809
₴33557
₴27675
₴18072
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
national
-
-
-
40 199
communal

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

-
-
-
5 330
social contributions
-
-
-
10 679
total
-
-
-
56 208
Employee

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

30 638
-
77 066
-
communal

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

1 598
-
4 019
-
health

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

1 439
-
3 622
-
pensions

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

2 298
-
5 780
-
unemployment

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

267
-
671
-
national
9 419
-
29 286
-
total
15 021
-
43 378
-
Employer

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

30 638
-
77 066
-
accident

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

398
-
1 001
-
unemployment

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

447
-
1 125
-
surtax
3 474
-
8 739
-
pensions

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

2 715
-
6 828
-
health

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

1 884
-
4 740
-
total
8 918
-
22 433
-
Corporate
59 944
99 500
-
-
surtax
240
431
-
-
income
11 989
21 540
-
-
total
12 229
21 971
-
-
Dividends
47 715
77 530
-
-
withholding

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

14 158
23 103
-
-
total
14 158
23 103
-
-
Income
99 500
99 500
99 500
99 500
Total tax
50 326
45 074
65 811
56 208
After tax
49 174
54 426
33 689
43 292
Living cost
15 617
15 617
15 617
15 617
Free-cash
33 557
38 809
18 072
27 675

Estimated living cost  is ₴15617 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
₴50565
₴47631
₴40101
₴38305
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
accident
-
-
-
358
income
-
-
-
32 020
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
43 931
Employee
21 321
-
86 844
-
other
21
-
40
-
income
4 499
-
30 550
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 853
-
33 071
-
Employer
21 321
-
86 844
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
71 383
99 500
-
-
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
14 925
-
-
total
10 707
14 925
-
-
Dividends
60 676
84 575
-
-
withholding
13 045
18 542
-
-
total
13 045
18 542
-
-
Income
99 500
99 500
99 500
99 500
Total tax
36 401
33 467
45 727
43 931
After tax
63 099
66 033
53 773
55 569
Living cost
15 468
15 468
15 468
15 468
Free-cash
47 631
50 565
38 305
40 101

Estimated living cost  is ₴15468 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴32796
₴26906
₴23224
₴27191
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
accident
-
-
-
839
income
-
-
-
19 035
pensions
-
-
-
14 913
health
-
-
-
6 990
surtax
-
-
-
4 933
communal
-
-
-
6 289
total
-
-
-
52 999
Employee
32 436
-
88 879
-
health
1 444
-
3 955
-
surtax
1 988
-
5 447
-
income
3 133
-
21 899
-
pensions
2 594
-
7 110
-
total
9 159
-
38 411
-
Employer
32 436
-
88 879
-
accident
292
-
800
-
pensions
2 594
-
7 110
-
health
989
-
2 711
-
total
3 875
-
10 621
-
Corporate
63 188
99 500
-
-
surtax
663
1 044
-
-
communal
4 265
6 716
-
-
income
9 478
14 925
-
-
total
14 406
22 685
-
-
Dividends
48 782
76 814
-
-
income
14 560
9 220
-
-
withholding
7 317
11 522
-
-
total
21 877
20 742
-
-
Income
99 500
99 500
99 500
99 500
Total tax
49 317
43 427
49 032
52 999
After tax
50 183
56 073
50 468
46 501
Living cost
23 277
23 277
23 277
23 277
Free-cash
26 906
32 796
27 191
23 224

Estimated living cost  is ₴23277 per week

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

Source of data for Luxembourg model

Close
Athens , Greece
₴52966
₴51603
₴37147
₴34528
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
31 745
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
5 399
total
-
-
-
52 733
Employee
14 424
-
87 467
-
other
-
-
-
-
health
368
-
1 457
-
surtax
51
-
4 887
-
income
2 418
-
29 183
-
pensions
962
-
3 813
-
unemployment
1 004
-
3 979
-
total
4 803
-
43 319
-
Employer
14 424
-
87 467
-
other
-
-
-
-
unemployment
458
-
1 812
-
pensions
1 923
-
7 620
-
health
656
-
2 601
-
total
3 037
-
12 033
-
Corporate
82 039
99 500
-
-
income
21 330
25 870
-
-
total
21 330
25 870
-
-
Dividends
60 709
73 630
-
-
withholding
9 107
11 044
-
-
total
9 107
11 044
-
-
Income
99 500
99 500
99 500
99 500
Total tax
38 277
36 914
55 352
52 733
After tax
61 223
62 586
44 148
46 767
Living cost
9 620
9 620
9 620
9 620
Free-cash
51 603
52 966
34 528
37 147

Estimated living cost  is ₴9620 per week

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

Source of data for Athens model

Close
Naples , Italy
₴40762
₴39810
₴36301
₴32688
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
municipal
-
-
-
624
regional
-
-
-
1 585
national
-
-
-
28 015
social contributions
-
-
-
21 437
total
-
-
-
51 661
Employee
23 759
-
99 500
-
social contributions
8 012
-
28 105
-
regional
320
-
1 450
-
municipal
126
-
571
-
national
3 764
-
25 148
-
total
12 222
-
55 274
-
Employer
23 759
-
99 500
-
total
-
-
-
-
Corporate
75 741
99 500
-
-
nationa
18 178
23 880
-
-
municipal
3 764
4 945
-
-
total
21 942
28 825
-
-
Dividends
53 799
70 675
-
-
withholding
13 988
18 375
-
-
total
13 988
18 375
-
-
Income
99 500
99 500
99 500
99 500
Total tax
48 152
47 200
55 274
51 661
After tax
51 348
52 300
44 226
47 839
Living cost
11 538
11 538
11 538
11 538
Free-cash
39 810
40 762
32 688
36 301

Estimated living cost  is ₴11538 per week

₴7176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴55865
₴51354
₴46515
₴42101
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
10 696
health
-
-
-
13 433
solidarity contribution
-
-
-
1 453
social contributions
-
-
-
14 762
total
-
-
-
40 344
Employee
18 590
-
79 689
-
social contributions
1 208
-
3 286
-
health
2 510
-
10 758
-
solidarity contribution
-
-
1 056
-
income
2 231
-
9 847
-
total
5 949
-
24 947
-
Employer
18 590
-
79 689
-
social contributions
4 648
-
12 639
-
health
1 673
-
7 172
-
total
6 321
-
19 811
-
Corporate
74 589
99 500
-
-
income
14 172
18 905
-
-
total
14 172
18 905
-
-
Dividends
60 417
80 595
-
-
withholding
9 063
12 089
-
-
total
9 063
12 089
-
-
Income
99 500
99 500
99 500
99 500
Total tax
35 505
30 994
44 758
40 344
After tax
63 995
68 506
54 742
59 156
Living cost
12 641
12 641
12 641
12 641
Free-cash
51 354
55 865
42 101
46 515

Estimated living cost  is ₴12641 per week

₴9401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴41204
₴40992
₴37341
₴12399
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
chamber of commerce
-
-
-
398
income
-
-
-
32 384
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 828
surtax
-
-
-
-
total
-
-
-
48 494
Employee
18 723
17 069
82 714
-
other
187
171
501
-
health
724
661
1 936
-
income
1 668
1 259
27 316
-
pensions
1 917
1 748
5 124
-
unemployment
562
512
1 501
-
total
5 058
4 351
36 378
-
Employer
18 723
17 069
82 714
-
accident
243
222
650
-
other
889
810
3 651
-
chamber of commerce
75
68
331
-
unemployment
562
512
1 501
-
surtax
-
-
-
-
pensions
2 350
2 143
6 280
-
payroll
562
512
2 482
-
health
708
645
1 891
-
total
5 389
4 912
16 786
-
Corporate
75 389
77 518
81 088
-
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.

18 847
19 380
20 272
-
total
18 847
19 380
20 272
-
Dividends
56 541
58 138
-
-
withholding
15 549
15 988
-
-
total
15 549
15 988
-
-
Income
99 500
99 500
99 500
99 500
Total tax
44 843
44 631
73 436
48 494
After tax
54 657
54 869
26 064
51 006
Living cost
13 665
13 665
13 665
13 665
Free-cash
40 992
41 204
12 399
37 341

Estimated living cost  is ₴13665 per week

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
₴88520
₴87394
₴92500
₴73595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
99 500
microenterprise

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

-
-
-
995
total
-
-
-
995
Employee
7 506
-
99 500
-
income
1 501
-
19 900
-
total
1 501
-
19 900
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

91 994
99 500
-
-
total
-
-
-
-
Dividends
91 994
99 500
-
-
withholding
4 600
4 975
-
-
total
4 600
4 975
-
-
Income
99 500
99 500
99 500
99 500
Total tax
6 101
4 975
19 900
995
After tax
93 399
94 525
79 600
98 505
Living cost
6 005
6 005
6 005
6 005
Free-cash
87 394
88 520
73 595
92 500

Estimated living cost  is ₴6005 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴57018
₴53437
₴34374
₴32215
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
99 500
income
-
-
-
25 526
pensions
-
-
-
18 171
unemployment
-
-
-
150
health
-
-
-
9 791
total
-
-
-
53 638
Employee

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

18 940
-
86 094
-
health
1 223
-
5 562
-
income
3 266
-
23 365
-
pensions
2 936
-
13 345
-
unemployment
27
-
120
-
total
7 452
-
42 392
-
Employer

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

18 940
-
86 094
-
unemployment
11
-
52
-
pensions
1 676
-
7 619
-
health
1 261
-
5 734
-
total
2 948
-
13 405
-
Corporate
77 611
99 500
-
-
income
14 746
18 905
-
-
total
14 746
18 905
-
-
Dividends
62 865
80 595
-
-
withholding
9 429
12 089
-
-
total
9 429
12 089
-
-
Income
99 500
99 500
99 500
99 500
Total tax
34 575
30 994
55 797
53 638
After tax
64 925
68 506
43 703
45 862
Living cost
11 488
11 488
11 488
11 488
Free-cash
53 437
57 018
32 215
34 374

Estimated living cost  is ₴11488 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
₴42038
₴21646
₴50264
₴75362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
19 395
social contributions
-
-
-
11 343
total
-
-
-
30 738
Employee
26 523
-
-
-
social contributions
2 175
-
310
-
income
5 851
-
-
-
total
8 026
-
310
-
Employer
26 523
-
-
-
social contributions
37 398
-
5 330
-
total
37 398
-
5 330
-
Corporate
35 579
99 500
-
-
income
7 827
21 890
-
-
total
7 827
21 890
-
-
Dividends
27 751
77 610
-
-
income
6 105
17 074
-
-
total
6 105
17 074
-
-
Income
99 500
99 500
99 500
99 500
Total tax
59 356
38 964
5 640
30 738
After tax
40 144
60 536
93 860
68 762
Living cost
18 498
18 498
18 498
18 498
Free-cash
21 646
42 038
75 362
50 264

Estimated living cost  is ₴18498 per week

₴12002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴43161
₴42728
₴38309
₴30421
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
99 500
income
-
-
-
13 180
surtax
-
-
-
-
social contributions

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

-
-
-
34 576
total
-
-
-
47 756
Employee
19 699
-
80 404
-
social contributions
2 167
-
8 844
-
surtax
-
-
163
-
income
4 098
-
27 541
-
total
6 265
-
36 548
-
Employer
19 699
-
80 404
-
social contributions
4 679
-
19 096
-
total
4 679
-
19 096
-
Corporate
75 122
99 500
-
-
surtax
-
-
-
-
income
15 776
20 895
-
-
total
15 776
20 895
-
-
Dividends
59 346
78 605
-
-
withholding
16 617
22 009
-
-
total
16 617
22 009
-
-
Income
99 500
99 500
99 500
99 500
Total tax
43 337
42 904
55 644
47 756
After tax
56 163
56 596
43 856
51 744
Living cost
13 435
13 435
13 435
13 435
Free-cash
42 728
43 161
30 421
38 309

Estimated living cost  is ₴13435 per week

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

Source of data for Lisbon model

Close
Paris , France
₴29461
₴32405
₴33488
₴30373
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
18 998
pensions
-
-
-
15 449
other
-
-
-
3 085
health
-
-
-
4 958
surtax
-
-
-
-
social contributions
-
-
-
2 835
total
-
-
-
45 325
Employee
26 826
-
75 758
-
social contributions
764
-
2 159
-
surtax
-
-
-
-
income
2 341
-
16 752
-
pensions
3 034
-
5 786
-
total
6 139
-
24 697
-
Employer
26 826
-
75 758
-
other
926
-
3 176
-
social contributions
80
-
228
-
unemployment
1 087
-
3 068
-
pensions
4 408
-
9 648
-
health
1 878
-
7 623
-
total
8 379
-
23 743
-
Corporate
64 295
99 500
-
-
surtax
-
-
-
-
income
18 003
27 860
-
-
total
18 003
27 860
-
-
Dividends
46 292
71 640
-
-
surtax
-
-
-
-
social contributions
7 962
12 322
-
-
withholding
5 925
9 170
-
-
total
13 887
21 492
-
-
Income
99 500
99 500
99 500
99 500
Total tax
46 408
49 352
48 440
45 325
After tax
53 092
50 148
51 060
54 175
Living cost
20 687
20 687
20 687
20 687
Free-cash
32 405
29 461
30 373
33 488

Estimated living cost  is ₴20687 per week

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

Source of data for Paris model

Close
Andorra , Andorra
₴76675
₴75236
₴59575
₴62218
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
5 160
social contributions
-
-
-
21 890
total
-
-
-
27 050
Employee
13 770
-
86 147
-
income
-
-
5 454
-
social contributions
895
-
5 600
-
total
895
-
11 054
-
Employer
13 770
-
86 147
-
social contributions
2 134
-
13 353
-
total
2 134
-
13 353
-
Corporate
83 596
99 500
-
-
income
8 360
9 950
-
-
total
8 360
9 950
-
-
Dividends
75 236
89 550
-
-
total
-
-
-
-
Income
99 500
99 500
99 500
99 500
Total tax
11 389
9 950
24 407
27 050
After tax
88 111
89 550
75 093
72 450
Living cost
12 875
12 875
12 875
12 875
Free-cash
75 236
76 675
62 218
59 575

Estimated living cost  is ₴12875 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
₴6138
₴3494
₴36658
₴6138
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
municipal
-
-
-
21 440
pensions
-
-
-
371
national
-
-
-
12 464
labour market
-
-
-
7 930
total
-
-
-
42 205
Employee
87 103
87 103
87 103
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 103
87 103
87 103
-
labour market
6 968
6 968
6 968
-
municipal
18 578
18 578
18 578
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 454
36 454
36 454
-
Corporate
6 139
-
-
-
income
1 351
-
-
-
total
1 351
-
-
-
Dividends
4 788
-
-
-
withholding
1 293
-
-
-
total
1 293
-
-
-
Income
99 500
99 500
99 500
99 500
Total tax
75 369
72 725
72 725
42 205
After tax
24 131
26 775
26 775
57 295
Living cost
20 637
20 637
20 637
20 637
Free-cash
3 494
6 138
6 138
36 658

Estimated living cost  is ₴20637 per week

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

Source of data for Copenhagen model

Close
Krakow , Poland
-₴1170
₴6643
₴58699
₴45677
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
accident
-
-
-
108
income
-
-
-
28 604
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
31 571
Employee
14 519
-
91 057
-
health
1 663
-
10 426
-
income
1 992
-
22 475
-
pensions
1 635
-
3 249
-
total
5 290
-
36 150
-
Employer
14 519
-
91 057
-
accident
242
-
1 521
-
unemployment
356
-
2 231
-
pensions
2 361
-
4 691
-
total
2 959
-
8 443
-
Corporate
82 022
99 500
-
-
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.

73 820
89 550
-
-
total
73 820
89 550
-
-
Dividends
8 202
9 950
-
-
withholding
1 558
1 890
-
-
total
1 558
1 890
-
-
Income
99 500
99 500
99 500
99 500
Total tax
83 627
91 440
44 593
31 571
After tax
15 873
8 060
54 907
67 929
Living cost
9 230
9 230
9 230
9 230
Free-cash
6 643
-1 170
45 677
58 699

Estimated living cost  is ₴9230 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴44411
₴45734
₴44238
₴32839
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
99 500
municipal
-
-
-
17 666
health
-
-
-
1 353
national
-
-
-
19 799
total
-
-
-
38 818
Employee
22 535
-
83 705
-
health
168
-
1 110
-
municipal
3 691
-
13 624
-
pensions
1 521
-
5 650
-
unemployment
338
-
1 256
-
national
372
-
12 781
-
total
6 090
-
34 421
-
Employer
22 535
-
83 705
-
accident
23
-
84
-
unemployment
146
-
544
-
pensions
3 910
-
14 523
-
health
173
-
645
-
total
4 252
-
15 796
-
Corporate
72 714
99 500
-
-
income
14 543
19 900
-
-
total
14 543
19 900
-
-
Dividends

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

43 628
59 700
-
-
national
4 584
7 999
-
-
municipal
7 853
10 746
-
-
total
12 437
18 745
-
-
Income
99 500
99 500
99 500
99 500
Total tax
37 322
38 645
50 217
38 818
After tax
62 178
60 855
49 283
60 682
Living cost
16 444
16 444
16 444
16 444
Free-cash
45 734
44 411
32 839
44 238

Estimated living cost  is ₴16444 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴62591
₴60261
₴56886
₴56076
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
23 229
health
-
-
-
2 538
social contributions
-
-
-
6 930
total
-
-
-
32 697
Employee
32 936
32 936
94 073
-
social contributions
1 245
2 733
3 687
-
health
255
560
1 600
-
income
3 586
3 049
22 793
-
total
5 086
6 342
28 080
-
Employer
32 936
32 936
94 073
-
social contributions
1 245
2 733
3 687
-
health
277
610
1 740
-
total
1 522
3 343
5 427
-
Corporate
82 974
63 221
-
-
income
10 371
7 903
-
-
total
10 371
7 903
-
-
Dividends
72 603
55 318
-
-
withholding
12 343
9 404
-
-
total
12 343
9 404
-
-
Income
99 500
99 500
99 500
99 500
Total tax
29 322
26 992
33 507
32 697
After tax
70 178
72 508
65 993
66 803
Living cost
9 917
9 917
9 917
9 917
Free-cash
60 261
62 591
56 076
56 886

Estimated living cost  is ₴9917 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴75596
₴73416
₴78091
₴69501
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
99 500
income
-
-
-
10 322
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
14 609
Employee

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

9 831
-
95 314
-
health
836
-
3 454
-
income
672
-
9 260
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
19 013
-
Employer

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

9 831
-
95 314
-
unemployment
49
-
203
-
pensions
541
-
2 235
-
health
423
-
1 748
-
total
1 013
-
4 186
-
Corporate
88 657
99 500
-
-
income
7 979
8 955
-
-
total
7 979
8 955
-
-
Dividends
80 677
90 545
-
-
withholding
7 261
8 149
-
-
total
7 261
8 149
-
-
Income
99 500
99 500
99 500
99 500
Total tax
19 284
17 104
23 199
14 609
After tax
80 216
82 396
76 301
84 891
Living cost
6 800
6 800
6 800
6 800
Free-cash
73 416
75 596
69 501
78 091

Estimated living cost  is ₴6800 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
₴54255
₴52365
₴43791
₴41995
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
accident
-
-
-
358
income
-
-
-
32 020
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
43 931
Employee
15 837
-
86 844
-
other
15
-
40
-
income
3 053
-
30 550
-
pensions
745
-
1 866
-
unemployment
245
-
615
-
total
4 058
-
33 071
-
Employer
15 837
-
86 844
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
78 613
99 500
-
-
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.

11 792
14 925
-
-
total
11 792
14 925
-
-
Dividends
66 821
84 575
-
-
withholding
14 458
18 542
-
-
total
14 458
18 542
-
-
Income
99 500
99 500
99 500
99 500
Total tax
35 357
33 467
45 727
43 931
After tax
64 143
66 033
53 773
55 569
Living cost
11 778
11 778
11 778
11 778
Free-cash
52 365
54 255
41 995
43 791

Estimated living cost  is ₴11778 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
₴60918
₴60725
₴62818
₴62736
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
34 040
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
35 512
Employee
1 782
-
98 540
-
health
89
-
213
-
income
345
-
33 995
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
34 635
-
Employer
1 782
-
98 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
97 317
99 500
-
-
income
21 410
21 890
-
-
total
21 410
21 890
-
-
Dividends
75 908
77 610
-
-
withholding
15 182
15 522
-
-
total
15 182
15 522
-
-
Income
99 500
99 500
99 500
99 500
Total tax
37 605
37 412
35 594
35 512
After tax
61 895
62 088
63 906
63 988
Living cost
1 170
1 170
1 170
1 170
Free-cash
60 725
60 918
62 736
62 818

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
₴64481
₴62373
₴57040
₴57041
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
99 500
income
-
-
-
23 086
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
35 052
Employee

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

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

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

11 170
-
93 834
-
health
575
-
1 630
-
income
1 540
-
23 086
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
29 385
-
Employer

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

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

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

11 170
-
93 834
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
86 330
99 500
-
-
income
12 950
14 925
-
-
total
12 950
14 925
-
-
Dividends
73 381
84 575
-
-
withholding
11 007
12 686
-
-
total
11 007
12 686
-
-
Income
99 500
99 500
99 500
99 500
Total tax
29 719
27 611
35 051
35 052
After tax
69 781
71 889
64 449
64 448
Living cost
7 408
7 408
7 408
7 408
Free-cash
62 373
64 481
57 041
57 040

Estimated living cost  is ₴7408 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
₴45049
₴44894
₴40197
₴32309
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
99 500
income
-
-
-
13 180
surtax
-
-
-
-
social contributions

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

-
-
-
34 576
total
-
-
-
47 756
Employee
16 624
-
80 404
-
social contributions
1 829
-
8 844
-
surtax
-
-
163
-
income
3 248
-
27 541
-
total
5 077
-
36 548
-
Employer
16 624
-
80 404
-
social contributions
3 948
-
19 096
-
total
3 948
-
19 096
-
Corporate
78 928
99 500
-
-
surtax
-
-
-
-
income
16 575
20 895
-
-
total
16 575
20 895
-
-
Dividends
62 353
78 605
-
-
withholding
17 459
22 009
-
-
total
17 459
22 009
-
-
Income
99 500
99 500
99 500
99 500
Total tax
43 059
42 904
55 644
47 756
After tax
56 441
56 596
43 856
51 744
Living cost
11 547
11 547
11 547
11 547
Free-cash
44 894
45 049
32 309
40 197

Estimated living cost  is ₴11547 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴50980
₴48177
₴40516
₴38720
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
accident
-
-
-
358
income
-
-
-
32 020
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
43 931
Employee
20 686
-
86 844
-
other
20
-
40
-
income
4 321
-
30 550
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 633
-
33 071
-
Employer
20 686
-
86 844
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 882
-
9 369
-
total
6 596
-
12 656
-
Corporate
72 219
99 500
-
-
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.

10 833
14 925
-
-
total
10 833
14 925
-
-
Dividends
61 386
84 575
-
-
withholding
13 208
18 542
-
-
total
13 208
18 542
-
-
Income
99 500
99 500
99 500
99 500
Total tax
36 270
33 467
45 727
43 931
After tax
63 230
66 033
53 773
55 569
Living cost
15 053
15 053
15 053
15 053
Free-cash
48 177
50 980
38 720
40 516

Estimated living cost  is ₴15053 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
₴77700
₴75089
₴73205
₴77366
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
14 925
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
18 923
Employee
9 762
-
96 563
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
9 656
-
pensions

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

857
-
1 314
-
total
2 389
-
11 824
-
Employer
9 762
-
96 563
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
87 822
99 500
-
-
income
8 782
9 950
-
-
total
8 782
9 950
-
-
Dividends
79 040
89 550
-
-
withholding
3 952
4 478
-
-
total
3 952
4 478
-
-
Income
99 500
99 500
99 500
99 500
Total tax
17 039
14 428
14 762
18 923
After tax
82 461
85 072
84 738
80 577
Living cost
7 372
7 372
7 372
7 372
Free-cash
75 089
77 700
77 366
73 205

Estimated living cost  is ₴7372 per week

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

Source of data for Sofia model

Close
Berlin , Germany
₴34631
₴40235
₴33354
₴44775
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
99 500
trade
-
-
-
11 421
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.

-
-
-
33 424
health

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

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

-
-
-
2 926
surtax

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

-
-
-
1 839
total
-
-
-
49 610
Employee

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

21 311
-
99 500
-
health

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

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

2 926
-
2 926
-
surtax

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

97
-
1 839
-
income

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

1 752
-
33 424
-
total
4 775
-
38 189
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
78 189
99 500
-
-
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.

645
821
-
-
income
11 728
14 925
-
-
trade
11 220
14 278
-
-
chamber of commerce
180
211
-
-
total
23 773
30 235
-
-
Dividends
54 415
69 265
-
-
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.

740
944
-
-
withholding
13 441
17 154
-
-
total
14 181
18 098
-
-
Income
99 500
99 500
99 500
99 500
Total tax
42 729
48 333
38 189
49 610
After tax
56 771
51 167
61 311
49 890
Living cost
16 536
16 536
16 536
16 536
Free-cash
40 235
34 631
44 775
33 354

Estimated living cost  is ₴16536 per week

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

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
₴45251
₴46198
₴25222
₴25222
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
32 721
social contributions
-
-
-
17 158
total
-
-
-
49 879
Employee
33 504
-
99 500
-
income
6 322
-
32 721
-
social contributions
2 783
-
17 158
-
total
9 105
-
49 879
-
Employer
33 504
-
99 500
-
total
-
-
-
-
Corporate
65 996
99 500
-
-
income
8 249
12 438
-
-
total
8 249
12 438
-
-
Dividends
57 747
87 062
-
-
withholding
11 549
17 412
-
-
total
11 549
17 412
-
-
Income
99 500
99 500
99 500
99 500
Total tax
28 903
29 850
49 879
49 879
After tax
70 597
69 650
49 621
49 621
Living cost
24 399
24 399
24 399
24 399
Free-cash
46 198
45 251
25 222
25 222

Estimated living cost  is ₴24399 per week

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

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
₴46864
₴48360
₴66166
₴53731
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
99 500
income
-
-
-
14 925
health

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

-
-
-
2 861
total
-
-
-
17 786
Employee
19 649
-
97 530
-
income
2 132
-
26 281
-
social contributions
1 969
-
1 970
-
total
4 101
-
28 251
-
Employer
19 649
-
97 530
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
77 883
99 500
-
-
income
27 259
34 825
-
-
total
27 259
34 825
-
-
Dividends
50 623
64 675
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
99 500
99 500
99 500
99 500
Total tax
35 592
37 088
30 221
17 786
After tax
63 908
62 412
69 279
81 714
Living cost
15 548
15 548
15 548
15 548
Free-cash
48 360
46 864
53 731
66 166

Estimated living cost  is ₴15548 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴46601
₴49145
₴48229
₴39355
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
income
-
-
-
30 963
pensions
-
-
-
4 343
total
-
-
-
35 306
Employee
21 914
-
86 699
-
health
286
-
1 164
-
income
3 991
-
25 048
-
pensions
1 673
-
5 167
-
total
5 950
-
31 379
-
Employer
21 914
-
86 699
-
pensions
2 214
-
11 154
-
health
416
-
1 647
-
total
2 630
-
12 801
-
Corporate
74 956
99 500
-
-
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.

14 242
18 905
-
-
total
14 242
18 905
-
-
Dividends
60 714
80 595
-
-
withholding
11 568
18 029
-
-
total
11 568
18 029
-
-
Income
99 500
99 500
99 500
99 500
Total tax
34 390
36 934
44 180
35 306
After tax
65 110
62 566
55 320
64 194
Living cost
15 965
15 965
15 965
15 965
Free-cash
49 145
46 601
39 355
48 229

Estimated living cost  is ₴15965 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴2083
₴6504
₴57786
₴44764
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
accident
-
-
-
108
income
-
-
-
28 604
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
31 571
Employee
15 956
-
91 057
-
health
1 827
-
10 426
-
income
2 189
-
22 475
-
pensions
1 797
-
3 249
-
total
5 813
-
36 150
-
Employer
15 956
-
91 057
-
accident
266
-
1 521
-
unemployment
391
-
2 231
-
pensions
2 594
-
4 691
-
total
3 251
-
8 443
-
Corporate
80 292
99 500
-
-
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.

72 263
89 550
-
-
total
72 263
89 550
-
-
Dividends
8 029
9 950
-
-
withholding
1 526
1 890
-
-
total
1 526
1 890
-
-
Income
99 500
99 500
99 500
99 500
Total tax
82 853
91 440
44 593
31 571
After tax
16 647
8 060
54 907
67 929
Living cost
10 143
10 143
10 143
10 143
Free-cash
6 504
-2 083
44 764
57 786

Estimated living cost  is ₴10143 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
₴70332
₴69037
₴58110
₴67528
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
99 500
work injury
-
-
-
342
health insurance
-
-
-
5 069
income
-
-
-
16 769
pensions
-
-
-
12 603
unemployment
-
-
-
822
total
-
-
-
35 605
Employee

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

9 257
-
99 500
-
work injury
46
-
171
-
income
926
-
16 769
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
26 187
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
90 243
99 500
-
-
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%.

9 024
9 950
-
-
total
9 024
9 950
-
-
Dividends
81 219
89 550
-
-
withholding
12 183
13 433
-
-
total
12 183
13 433
-
-
Income
99 500
99 500
99 500
99 500
Total tax
24 678
23 383
26 187
35 605
After tax
74 822
76 117
73 313
63 895
Living cost
5 785
5 785
5 785
5 785
Free-cash
69 037
70 332
67 528
58 110

Estimated living cost  is ₴5785 per week

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

Source of data for Skopje model

Close
Rome , Italy
₴35347
₴33400
₴29826
₴26307
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
99 500
municipal
-
-
-
702
regional
-
-
-
2 457
national
-
-
-
28 015
social contributions
-
-
-
21 437
total
-
-
-
52 611
Employee
36 093
-
99 500
-
social contributions
12 170
-
28 105
-
regional
545
-
2 234
-
municipal
215
-
643
-
national
6 099
-
25 148
-
total
19 029
-
56 130
-
Employer
36 093
-
99 500
-
total
-
-
-
-
Corporate
63 407
99 500
-
-
nationa
15 217
23 880
-
-
municipal
3 056
4 796
-
-
total
18 273
28 676
-
-
Dividends
45 134
70 825
-
-
withholding
11 735
18 414
-
-
total
11 735
18 414
-
-
Income
99 500
99 500
99 500
99 500
Total tax
49 037
47 090
56 130
52 611
After tax
50 463
52 410
43 370
46 889
Living cost
17 063
17 063
17 063
17 063
Free-cash
33 400
35 347
26 307
29 826

Estimated living cost  is ₴17063 per week

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

Source of data for Rome model

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