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
₴ 61000
per

Your estimated
City
free-cash

Dresden , Germany
₴17817
₴22554
₴20427
₴26898
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
61 000
trade
-
-
-
6 471
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.

-
-
-
17 254
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.

-
-
-
949
total
-
-
-
27 600
Employee

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

16 382
-
61 000
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
949
-
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
-
17 254
-
total
3 409
-
21 129
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
44 618
61 000
-
-
surtax

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

368
503
-
-
income
6 693
9 150
-
-
trade
7 028
9 607
-
-
chamber of commerce
129
153
-
-
total
14 218
19 413
-
-
Dividends
30 400
41 587
-
-
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.

409
563
-
-
withholding
7 437
10 234
-
-
total
7 846
10 797
-
-
Income
61 000
61 000
61 000
61 000
Total tax
25 473
30 210
21 129
27 600
After tax
35 527
30 790
39 871
33 400
Living cost
12 973
12 973
12 973
12 973
Free-cash
22 554
17 817
26 898
20 427

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
₴16421
₴16060
₴14600
₴15079
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
municipal
-
-
-
6 582
pensions
-
-
-
7 320
national
-
-
-
10 199
social contributions
-
-
-
656
total
-
-
-
24 757
Employee
33 550
-
52 734
-
municipal
4 144
-
6 818
-
pensions
1 342
-
2 109
-
national
6 422
-
10 565
-
total
11 908
-
19 492
-
Employer
33 550
-
52 734
-
social contributions
361
-
567
-
pensions
2 684
-
4 219
-
total
3 045
-
4 786
-
Corporate
22 190
61 000
-
-
income

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

4 438
12 200
-
-
total
4 438
12 200
-
-
Dividends
17 752
48 800
-
-
withholding
3 906
10 736
-
-
total
3 906
10 736
-
-
Income
61 000
61 000
61 000
61 000
Total tax
23 297
22 936
24 278
24 757
After tax
37 703
38 064
36 722
36 243
Living cost
21 643
21 643
21 643
21 643
Free-cash
16 060
16 421
15 079
14 600

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
₴39889
₴36375
₴10355
₴25264
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
61 000
microenterprise
-
-
-
-
income
-
-
-
9 768
surtax
-
-
-
15 555
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
-
-
-
41 734
Employee
12 515
-
49 157
-
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
-
5 408
-
surtax
-
-
-
-
income
2 228
-
9 575
-
total
3 605
-
14 983
-
Employer
12 515
-
49 157
-
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
-
11 842
-
surtax
-
-
-
-
total
3 015
-
11 842
-
Corporate
45 470
61 000
-
-
income

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

9 094
12 200
-
-
total
9 094
12 200
-
-
Dividends

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

36 376
48 800
-
-
total
-
-
-
-
Income
61 000
61 000
61 000
61 000
Total tax
15 714
12 200
26 825
41 734
After tax
45 286
48 800
34 175
19 266
Living cost
8 911
8 911
8 911
8 911
Free-cash
36 375
39 889
25 264
10 355

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
₴12043
₴9418
₴16739
₴18601
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
16 018
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
26 318
Employee
36 576
36 576
53 040
-
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
6 197
-
pensions
6 584
5 018
5 018
-
total
18 185
15 780
16 497
-
Employer
36 576
36 576
53 040
-
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
18 468
18 019
-
-
income
3 693
3 604
-
-
total
3 693
3 604
-
-
Dividends
14 774
14 415
-
-
income
3 139
3 063
-
-
withholding
2 217
2 162
-
-
total
5 356
5 225
-
-
Income
61 000
61 000
61 000
61 000
Total tax
33 639
31 014
24 456
26 318
After tax
27 361
29 986
36 544
34 682
Living cost
17 943
17 943
17 943
17 943
Free-cash
9 418
12 043
18 601
16 739

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
₴16758
₴16387
₴15519
₴15117
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
municipal
-
-
-
15 057
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
3 369
total
-
-
-
28 933
Employee
23 580
-
49 605
-
municipal
7 032
-
14 792
-
national
-
-
3 147
-
total
7 032
-
17 939
-
Employer
23 580
-
49 605
-
accident
47
-
73
-
other
2 740
-
4 214
-
unemployment
622
-
957
-
pensions
2 549
-
3 921
-
health
1 450
-
2 231
-
total
7 408
-
11 396
-
Corporate
30 011
61 000
-
-
income
6 602
13 420
-
-
total
6 602
13 420
-
-
Dividends
23 409
47 580
-
-
withholding
7 023
14 274
-
-
total
7 023
14 274
-
-
Income
61 000
61 000
61 000
61 000
Total tax
28 065
27 694
29 335
28 933
After tax
32 935
33 306
31 665
32 067
Living cost
16 548
16 548
16 548
16 548
Free-cash
16 387
16 758
15 117
15 519

Estimated living cost  is ₴16548 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
₴13649
₴19669
₴16287
₴23045
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
61 000
trade
-
-
-
6 758
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.

-
-
-
17 254
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.

-
-
-
949
total
-
-
-
27 887
Employee

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

21 721
-
61 000
-
health

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

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

2 926
-
2 926
-
surtax

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

102
-
949
-
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
-
17 254
-
total
4 894
-
21 129
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
39 279
61 000
-
-
surtax

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

324
503
-
-
income
5 892
9 150
-
-
trade
6 462
10 035
-
-
chamber of commerce
121
152
-
-
total
12 799
19 840
-
-
Dividends
26 480
41 160
-
-
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.

355
557
-
-
withholding
6 457
10 128
-
-
total
6 812
10 685
-
-
Income
61 000
61 000
61 000
61 000
Total tax
24 505
30 525
21 129
27 887
After tax
36 495
30 475
39 871
33 113
Living cost
16 826
16 826
16 826
16 826
Free-cash
19 669
13 649
23 045
16 287

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
₴30656
₴28880
₴28525
₴27948
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
10 097
health
-
-
-
1 556
social contributions
-
-
-
6 930
total
-
-
-
18 583
Employee
32 935
32 935
56 272
-
social contributions
1 600
2 733
3 687
-
health
328
560
957
-
income
3 458
3 049
9 788
-
total
5 386
6 342
14 432
-
Employer
32 935
32 935
56 272
-
social contributions
1 600
2 733
3 687
-
health
357
610
1 041
-
total
1 957
3 343
4 728
-
Corporate
39 764
24 722
-
-
income
4 970
3 090
-
-
total
4 970
3 090
-
-
Dividends
34 794
21 631
-
-
withholding
5 915
3 677
-
-
total
5 915
3 677
-
-
Income
61 000
61 000
61 000
61 000
Total tax
18 228
16 452
19 160
18 583
After tax
42 772
44 548
41 840
42 417
Living cost
13 892
13 892
13 892
13 892
Free-cash
28 880
30 656
27 948
28 525

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
₴26514
₴26676
₴34475
₴27579
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
7 457
pensions
-
-
-
6 100
unemployment
-
-
-
915
health
-
-
-
4 270
total
-
-
-
18 742
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
51 046
-
health
786
313
3 573
-
income
1 373
547
6 240
-
pensions
1 123
447
5 105
-
unemployment
169
67
766
-
total
3 451
1 374
15 684
-
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
51 046
-
pensions
2 191
872
9 954
-
total
2 191
872
9 954
-
Corporate
47 575
55 657
-
-
income
4 282
5 009
-
-
total
4 282
5 009
-
-
Dividends
43 293
50 648
-
-
social contributions
8 391
9 825
-
-
withholding
8 226
9 623
-
-
total
16 617
19 448
-
-
Income
61 000
61 000
61 000
61 000
Total tax
26 541
26 703
25 638
18 742
After tax
34 459
34 297
35 362
42 258
Living cost
7 783
7 783
7 783
7 783
Free-cash
26 676
26 514
27 579
34 475

Estimated living cost  is ₴7783 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
₴38455
₴35795
₴22351
₴24814
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
8 174
pensions
-
-
-
12 200
health
-
-
-
7 930
total
-
-
-
28 304
Employee
12 151
-
45 590
-
income
1 368
-
8 790
-
pensions
243
-
912
-
unemployment
194
-
729
-
total
1 805
-
10 431
-
Employer
12 151
-
45 590
-
unemployment
98
-
365
-
pensions
2 430
-
9 118
-
health
1 579
-
5 927
-
total
4 107
-
15 410
-
Corporate
44 742
61 000
-
-
income
8 948
12 200
-
-
total
8 948
12 200
-
-
Dividends
35 794
48 800
-
-
total
-
-
-
-
Income
61 000
61 000
61 000
61 000
Total tax
14 860
12 200
25 841
28 304
After tax
46 140
48 800
35 159
32 696
Living cost
10 345
10 345
10 345
10 345
Free-cash
35 795
38 455
24 814
22 351

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
-₴4425
₴3505
₴32385
₴23276
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
accident
-
-
-
108
income
-
-
-
16 284
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
19 249
Employee
14 734
-
54 081
-
health
1 687
-
6 192
-
income
2 021
-
11 999
-
pensions
1 659
-
3 248
-
total
5 367
-
21 439
-
Employer
14 734
-
54 081
-
accident
246
-
903
-
unemployment
361
-
1 325
-
pensions
2 396
-
4 691
-
total
3 003
-
6 919
-
Corporate
43 263
61 000
-
-
income

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

38 937
54 900
-
-
total
38 937
54 900
-
-
Dividends
4 326
6 100
-
-
withholding
822
1 159
-
-
total
822
1 159
-
-
Income
61 000
61 000
61 000
61 000
Total tax
48 129
56 059
28 358
19 249
After tax
12 871
4 941
32 642
41 751
Living cost
9 366
9 366
9 366
9 366
Free-cash
3 505
-4 425
23 276
32 385

Estimated living cost  is ₴9366 per week

₴6865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴195
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₴54097
₴53375
₴56537
₴44947
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
61 000
microenterprise

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

-
-
-
610
total
-
-
-
610
Employee
4 817
-
61 000
-
income
963
-
12 200
-
total
963
-
12 200
-
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%.

56 183
61 000
-
-
total
-
-
-
-
Dividends
56 183
61 000
-
-
withholding
2 809
3 050
-
-
total
2 809
3 050
-
-
Income
61 000
61 000
61 000
61 000
Total tax
3 772
3 050
12 200
610
After tax
57 228
57 950
48 800
60 390
Living cost
3 853
3 853
3 853
3 853
Free-cash
53 375
54 097
44 947
56 537

Estimated living cost  is ₴3853 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₴33404
₴30513
₴20983
₴23506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
8 382
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.

-
-
-
14 640
other
-
-
-
2 898
health
-
-
-
2 684
total
-
-
-
28 604
Employee
15 552
-
48 723
-
health
218
-
682
-
income
2 677
-
9 224
-
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
-
3 411
-
unemployment
155
-
487
-
total
4 138
-
13 804
-
Employer
15 552
-
48 723
-
accident
124
-
390
-
other
778
-
2 436
-
unemployment
155
-
487
-
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
-
8 282
-
health
218
-
682
-
total
3 919
-
12 277
-
Corporate
41 529
61 000
-
-
income
8 721
12 810
-
-
total
8 721
12 810
-
-
Dividends
32 808
48 190
-
-
withholding
2 296
3 373
-
-
total
2 296
3 373
-
-
Income
61 000
61 000
61 000
61 000
Total tax
19 074
16 183
26 081
28 604
After tax
41 926
44 817
34 919
32 396
Living cost
11 413
11 413
11 413
11 413
Free-cash
30 513
33 404
23 506
20 983

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
₴12771
₴11057
₴12810
₴7207
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
15 872
pensions
-
-
-
3 573
total
-
-
-
19 445
Employee
40 669
-
53 424
-
health
670
-
832
-
income
7 331
-
12 137
-
pensions
3 923
-
4 502
-
total
11 924
-
17 471
-
Employer
40 669
-
53 424
-
pensions
4 802
-
6 562
-
health
772
-
1 015
-
total
5 574
-
7 577
-
Corporate
14 756
61 000
-
-
income

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

2 804
11 590
-
-
total
2 804
11 590
-
-
Dividends
11 953
49 410
-
-
withholding
896
7 894
-
-
total
896
7 894
-
-
Income
61 000
61 000
61 000
61 000
Total tax
21 198
19 484
25 048
19 445
After tax
39 802
41 516
35 952
41 555
Living cost
28 745
28 745
28 745
28 745
Free-cash
11 057
12 771
7 207
12 810

Estimated living cost  is ₴28745 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
₴46536
₴44546
₴42233
₴44469
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
9 150
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
-
-
-
13 148
Employee
7 440
-
58 063
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
5 806
-
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
-
7 974
-
Employer
7 440
-
58 063
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
52 100
61 000
-
-
income
5 210
6 100
-
-
total
5 210
6 100
-
-
Dividends
46 890
54 900
-
-
withholding
2 344
2 745
-
-
total
2 344
2 745
-
-
Income
61 000
61 000
61 000
61 000
Total tax
10 835
8 845
10 912
13 148
After tax
50 165
52 155
50 088
47 852
Living cost
5 619
5 619
5 619
5 619
Free-cash
44 546
46 536
44 469
42 233

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
₴6235
₴7310
₴10931
₴12793
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
16 018
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
26 318
Employee
39 710
36 576
53 040
-
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
6 197
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
16 497
-
Employer
39 710
36 576
53 040
-
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
14 337
18 019
-
-
income
2 868
3 604
-
-
total
2 868
3 604
-
-
Dividends
11 470
14 415
-
-
income
2 438
3 063
-
-
withholding
1 721
2 162
-
-
total
4 159
5 225
-
-
Income
61 000
61 000
61 000
61 000
Total tax
29 939
31 014
24 456
26 318
After tax
31 061
29 986
36 544
34 682
Living cost
23 751
23 751
23 751
23 751
Free-cash
7 310
6 235
12 793
10 931

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
₴31740
₴28081
₴22045
₴20696
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
5 701
health
-
-
-
8 235
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 761
total
-
-
-
28 697
Employee
15 086
-
45 522
-
social contributions
981
-
2 959
-
health
2 037
-
6 146
-
solidarity contribution
-
-
-
-
income
1 810
-
5 463
-
total
4 828
-
14 568
-
Employer
15 086
-
45 522
-
social contributions
3 771
-
11 381
-
health
1 358
-
4 097
-
total
5 129
-
15 478
-
Corporate
40 785
61 000
-
-
income
7 749
11 590
-
-
total
7 749
11 590
-
-
Dividends
33 036
49 410
-
-
withholding
4 955
7 412
-
-
total
4 955
7 412
-
-
Income
61 000
61 000
61 000
61 000
Total tax
22 661
19 002
30 046
28 697
After tax
38 339
41 998
30 954
32 303
Living cost
10 258
10 258
10 258
10 258
Free-cash
28 081
31 740
20 696
22 045

Estimated living cost  is ₴10258 per week

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

Source of data for Brno model

Close
Milan , Italy
₴14473
₴12237
₴11924
₴9041
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
municipal
-
-
-
363
regional
-
-
-
705
national
-
-
-
14 245
social contributions
-
-
-
15 690
total
-
-
-
31 003
Employee
38 066
-
61 000
-
social contributions
12 836
-
20 569
-
regional
359
-
621
-
municipal
202
-
323
-
national
6 596
-
12 373
-
total
19 993
-
33 886
-
Employer
38 066
-
61 000
-
total
-
-
-
-
Corporate
22 934
61 000
-
-
nationa
5 504
14 640
-
-
municipal
894
2 379
-
-
total
6 398
17 019
-
-
Dividends
16 536
43 981
-
-
withholding
4 299
11 435
-
-
total
4 299
11 435
-
-
Income
61 000
61 000
61 000
61 000
Total tax
30 690
28 454
33 886
31 003
After tax
30 310
32 546
27 114
29 997
Living cost
18 073
18 073
18 073
18 073
Free-cash
12 237
14 473
9 041
11 924

Estimated living cost  is ₴18073 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
₴28918
₴27585
₴19495
₴17988
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
14 420
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
2 045
total
-
-
-
32 054
Employee
14 164
-
50 393
-
other
-
-
-
-
health
362
-
1 285
-
surtax
46
-
1 808
-
income
2 374
-
12 993
-
pensions
944
-
3 361
-
unemployment
986
-
3 507
-
total
4 712
-
22 954
-
Employer
14 164
-
50 393
-
other
-
-
-
-
unemployment
449
-
1 597
-
pensions
1 888
-
6 717
-
health
645
-
2 293
-
total
2 982
-
10 607
-
Corporate
43 855
61 000
-
-
income
11 402
15 860
-
-
total
11 402
15 860
-
-
Dividends
32 453
45 140
-
-
withholding
4 868
6 771
-
-
total
4 868
6 771
-
-
Income
61 000
61 000
61 000
61 000
Total tax
23 964
22 631
33 561
32 054
After tax
37 036
38 369
27 439
28 946
Living cost
9 451
9 451
9 451
9 451
Free-cash
27 585
28 918
17 988
19 495

Estimated living cost  is ₴9451 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴21878
₴22685
₴21917
₴16314
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
15 872
pensions
-
-
-
3 573
total
-
-
-
19 445
Employee
27 256
-
53 424
-
health
396
-
832
-
income
4 909
-
12 137
-
pensions
2 313
-
4 502
-
total
7 618
-
17 471
-
Employer
27 256
-
53 424
-
pensions
2 950
-
6 562
-
health
518
-
1 015
-
total
3 468
-
7 577
-
Corporate
30 276
61 000
-
-
income

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

5 752
11 590
-
-
total
5 752
11 590
-
-
Dividends
24 524
49 410
-
-
withholding
1 839
7 894
-
-
total
1 839
7 894
-
-
Income
61 000
61 000
61 000
61 000
Total tax
18 677
19 484
25 048
19 445
After tax
42 323
41 516
35 952
41 555
Living cost
19 638
19 638
19 638
19 638
Free-cash
22 685
21 878
16 314
21 917

Estimated living cost  is ₴19638 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴4478
₴9372
₴17609
₴14645
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
city
-
-
-
643
pensions
-
-
-
5 612
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.

-
-
-
1 220
regional
-
-
-
2 681
health
-
-
-
137
national
-
-
-
726
total
-
-
-
11 019
Employee
37 883
-
54 599
-
city
407
-
586
-
regional
1 240
-
2 302
-
health
86
-
123
-
pensions
3 183
-
4 586
-
unemployment
-
-
-
-
national
179
-
585
-
total
5 095
-
8 182
-
Employer
37 883
-
54 599
-
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
-
1 092
-
unemployment
-
-
-
-
pensions
3 183
-
4 586
-
health
86
-
123
-
total
4 026
-
5 801
-
Corporate
18 674
61 000
-
-
regional
3 949
12 901
-
-
national
1 587
5 185
-
-
total
5 536
18 086
-
-
Dividends
13 138
42 914
-
-
withholding
4 599
15 020
-
-
total
4 599
15 020
-
-
Income
61 000
61 000
61 000
61 000
Total tax
19 256
33 106
13 983
11 019
After tax
41 744
27 894
47 017
49 981
Living cost
32 372
32 372
32 372
32 372
Free-cash
9 372
-4 478
14 645
17 609

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
₴10541
₴17486
₴13204
₴20250
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
61 000
trade
-
-
-
7 046
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.

-
-
-
17 254
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.

-
-
-
949
total
-
-
-
28 175
Employee

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

25 741
-
61 000
-
health

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

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

2 926
-
2 926
-
surtax

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

167
-
949
-
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
-
17 254
-
total
6 120
-
21 129
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
35 259
61 000
-
-
surtax

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

291
503
-
-
income
5 289
9 150
-
-
trade
6 047
10 462
-
-
chamber of commerce
115
151
-
-
total
11 742
20 266
-
-
Dividends
23 517
40 734
-
-
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.

315
551
-
-
withholding
5 716
10 021
-
-
total
6 031
10 572
-
-
Income
61 000
61 000
61 000
61 000
Total tax
23 893
30 838
21 129
28 175
After tax
37 107
30 162
39 871
32 825
Living cost
19 621
19 621
19 621
19 621
Free-cash
17 486
10 541
20 250
13 204

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
₴16091
₴18620
₴19954
₴20484
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
8 379
pensions
-
-
-
12 254
other
-
-
-
1 891
health
-
-
-
2 129
surtax
-
-
-
-
social contributions
-
-
-
1 739
total
-
-
-
26 392
Employee
18 331
-
48 074
-
social contributions
523
-
1 370
-
surtax
-
-
-
-
income
1 082
-
8 580
-
pensions
2 073
-
2 985
-
total
3 678
-
12 935
-
Employer
18 331
-
48 074
-
other
632
-
1 723
-
social contributions
55
-
144
-
unemployment
742
-
1 947
-
pensions
3 011
-
5 089
-
health
1 283
-
4 024
-
total
5 723
-
12 927
-
Corporate
36 944
61 000
-
-
surtax
-
-
-
-
income
10 345
17 080
-
-
total
10 345
17 080
-
-
Dividends
26 600
43 920
-
-
surtax
-
-
-
-
social contributions
4 575
7 554
-
-
withholding
3 405
5 621
-
-
total
7 980
13 175
-
-
Income
61 000
61 000
61 000
61 000
Total tax
27 726
30 255
25 862
26 392
After tax
33 274
30 745
35 138
34 608
Living cost
14 654
14 654
14 654
14 654
Free-cash
18 620
16 091
20 484
19 954

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
₴17543
₴19921
₴21406
₴21936
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
8 379
pensions
-
-
-
12 254
other
-
-
-
1 891
health
-
-
-
2 129
surtax
-
-
-
-
social contributions
-
-
-
1 739
total
-
-
-
26 392
Employee
16 363
-
48 074
-
social contributions
467
-
1 370
-
surtax
-
-
-
-
income
844
-
8 580
-
pensions
1 851
-
2 985
-
total
3 162
-
12 935
-
Employer
16 363
-
48 074
-
other
565
-
1 723
-
social contributions
49
-
144
-
unemployment
662
-
1 947
-
pensions
2 689
-
5 089
-
health
1 145
-
4 024
-
total
5 110
-
12 927
-
Corporate
39 527
61 000
-
-
surtax
-
-
-
-
income
11 067
17 080
-
-
total
11 067
17 080
-
-
Dividends
28 460
43 920
-
-
surtax
-
-
-
-
social contributions
4 895
7 554
-
-
withholding
3 643
5 621
-
-
total
8 538
13 175
-
-
Income
61 000
61 000
61 000
61 000
Total tax
27 877
30 255
25 862
26 392
After tax
33 123
30 745
35 138
34 608
Living cost
13 202
13 202
13 202
13 202
Free-cash
19 921
17 543
21 936
21 406

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
₴28133
₴28355
₴30093
₴29259
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
9 150
health
-
-
-
4 257
social contributions
-
-
-
8 418
total
-
-
-
21 825
Employee
14 522
-
61 000
-
social contributions
2 004
-
8 418
-
health
1 014
-
4 257
-
income
2 422
-
9 984
-
total
5 440
-
22 659
-
Employer
14 522
-
61 000
-
total
-
-
-
-
Corporate
46 478
61 000
-
-
income

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

2 324
3 050
-
-
total
2 324
3 050
-
-
Dividends
44 154
57 950
-
-
health
3 082
4 045
-
-
social contributions
6 094
7 997
-
-
withholding
6 623
8 693
-
-
total
15 799
20 735
-
-
Income
61 000
61 000
61 000
61 000
Total tax
23 563
23 785
22 659
21 825
After tax
37 437
37 215
38 341
39 175
Living cost
9 082
9 082
9 082
9 082
Free-cash
28 355
28 133
29 259
30 093

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
₴18796
₴18134
₴15967
₴1078
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
chamber of commerce
-
-
-
244
income
-
-
-
13 901
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
85
total
-
-
-
29 941
Employee
21 405
17 069
47 301
-
other
214
171
473
-
health
828
661
1 830
-
income
2 437
1 259
11 148
-
pensions
2 192
1 748
4 843
-
unemployment
642
512
1 419
-
total
6 313
4 351
19 713
-
Employer
21 405
17 069
47 301
-
accident
278
222
615
-
other
1 017
810
2 247
-
chamber of commerce
85
68
189
-
unemployment
642
512
1 419
-
surtax
85
85
85
-
pensions
2 686
2 143
5 936
-
payroll
642
512
1 419
-
health
809
645
1 788
-
total
6 244
4 997
13 698
-
Corporate
33 351
38 934
45 675
-
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.

8 338
9 733
11 419
-
total
8 338
9 733
11 419
-
Dividends
25 013
29 201
-
-
withholding
6 879
8 031
-
-
total
6 879
8 031
-
-
Income
61 000
61 000
61 000
61 000
Total tax
27 774
27 112
44 830
29 941
After tax
33 226
33 888
16 170
31 059
Living cost
15 092
15 092
15 092
15 092
Free-cash
18 134
18 796
1 078
15 967

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
₴18528
₴12104
₴11221
₴6665
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
national
-
-
-
21 500
communal

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

-
-
-
3 085
social contributions
-
-
-
9 577
total
-
-
-
34 162
Employee

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

30 637
-
47 247
-
communal

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

1 598
-
2 464
-
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
-
2 221
-
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
-
3 544
-
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
-
411
-
national
9 419
-
16 324
-
total
15 021
-
24 964
-
Employer

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

30 637
-
47 247
-
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
-
614
-
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
-
690
-
surtax
3 474
-
5 358
-
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
-
4 186
-
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
-
2 906
-
total
8 918
-
13 754
-
Corporate
21 444
61 000
-
-
surtax
86
244
-
-
income
4 289
12 200
-
-
total
4 375
12 444
-
-
Dividends
17 069
48 556
-
-
withholding

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

4 965
14 411
-
-
total
4 965
14 411
-
-
Income
61 000
61 000
61 000
61 000
Total tax
33 279
26 855
38 718
34 162
After tax
27 721
34 145
22 282
26 838
Living cost
15 617
15 617
15 617
15 617
Free-cash
12 104
18 528
6 665
11 221

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
₴25367
₴22178
₴18926
₴16895
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
accident
-
-
-
358
income
-
-
-
14 695
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
26 606
Employee
21 320
-
48 344
-
other
21
-
40
-
income
4 498
-
13 460
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 852
-
15 981
-
Employer
21 320
-
48 344
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
32 884
61 000
-
-
income

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

4 933
9 150
-
-
total
4 933
9 150
-
-
Dividends
27 951
51 850
-
-
withholding
5 773
11 015
-
-
total
5 773
11 015
-
-
Income
61 000
61 000
61 000
61 000
Total tax
23 354
20 165
28 637
26 606
After tax
37 646
40 835
32 363
34 394
Living cost
15 468
15 468
15 468
15 468
Free-cash
22 178
25 367
16 895
18 926

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
₴13167
₴8480
₴8500
₴10933
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
accident
-
-
-
515
income
-
-
-
8 401
pensions
-
-
-
9 143
health
-
-
-
4 286
surtax
-
-
-
3 024
communal
-
-
-
3 855
total
-
-
-
29 224
Employee
32 436
-
54 489
-
health
1 444
-
2 425
-
surtax
1 988
-
3 339
-
income
3 133
-
10 157
-
pensions
2 594
-
4 359
-
total
9 159
-
20 280
-
Employer
32 436
-
54 489
-
accident
292
-
490
-
pensions
2 594
-
4 359
-
health
989
-
1 662
-
total
3 875
-
6 511
-
Corporate
24 689
61 000
-
-
surtax
259
640
-
-
communal
1 666
4 118
-
-
income
3 703
9 150
-
-
total
5 628
13 908
-
-
Dividends
19 060
47 092
-
-
income
7 723
3 585
-
-
withholding
2 859
7 064
-
-
total
10 582
10 649
-
-
Income
61 000
61 000
61 000
61 000
Total tax
29 244
24 557
26 791
29 224
After tax
31 756
36 443
34 209
31 776
Living cost
23 276
23 276
23 276
23 276
Free-cash
8 480
13 167
10 933
8 500

Estimated living cost  is ₴23276 per week

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

Source of data for Luxembourg model

Close
Athens , Greece
₴28749
₴27387
₴19326
₴17819
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
14 420
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
2 045
total
-
-
-
32 054
Employee
14 424
-
50 393
-
other
-
-
-
-
health
368
-
1 285
-
surtax
51
-
1 808
-
income
2 418
-
12 993
-
pensions
962
-
3 361
-
unemployment
1 004
-
3 507
-
total
4 803
-
22 954
-
Employer
14 424
-
50 393
-
other
-
-
-
-
unemployment
458
-
1 597
-
pensions
1 923
-
6 717
-
health
656
-
2 293
-
total
3 037
-
10 607
-
Corporate
43 539
61 000
-
-
income
11 320
15 860
-
-
total
11 320
15 860
-
-
Dividends
32 219
45 140
-
-
withholding
4 833
6 771
-
-
total
4 833
6 771
-
-
Income
61 000
61 000
61 000
61 000
Total tax
23 993
22 631
33 561
32 054
After tax
37 007
38 369
27 439
28 946
Living cost
9 620
9 620
9 620
9 620
Free-cash
27 387
28 749
17 819
19 326

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
₴20525
₴19573
₴18244
₴15377
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
municipal
-
-
-
363
regional
-
-
-
920
national
-
-
-
14 245
social contributions
-
-
-
15 690
total
-
-
-
31 218
Employee
23 759
-
61 000
-
social contributions
8 012
-
20 569
-
regional
320
-
820
-
municipal
126
-
323
-
national
3 764
-
12 373
-
total
12 222
-
34 085
-
Employer
23 759
-
61 000
-
total
-
-
-
-
Corporate
37 241
61 000
-
-
nationa
8 938
14 640
-
-
municipal
1 851
3 032
-
-
total
10 789
17 672
-
-
Dividends
26 453
43 328
-
-
withholding
6 878
11 265
-
-
total
6 878
11 265
-
-
Income
61 000
61 000
61 000
61 000
Total tax
29 889
28 937
34 085
31 218
After tax
31 111
32 063
26 915
29 782
Living cost
11 538
11 538
11 538
11 538
Free-cash
19 573
20 525
15 377
18 244

Estimated living cost  is ₴11538 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
₴29357
₴24848
₴19662
₴18313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
5 701
health
-
-
-
8 235
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 761
total
-
-
-
28 697
Employee
18 589
-
45 522
-
social contributions
1 208
-
2 959
-
health
2 510
-
6 146
-
solidarity contribution
-
-
-
-
income
2 231
-
5 463
-
total
5 949
-
14 568
-
Employer
18 589
-
45 522
-
social contributions
4 647
-
11 381
-
health
1 673
-
4 097
-
total
6 320
-
15 478
-
Corporate
36 090
61 000
-
-
income
6 857
11 590
-
-
total
6 857
11 590
-
-
Dividends
29 233
49 410
-
-
withholding
4 385
7 412
-
-
total
4 385
7 412
-
-
Income
61 000
61 000
61 000
61 000
Total tax
23 511
19 002
30 046
28 697
After tax
37 489
41 998
30 954
32 303
Living cost
12 641
12 641
12 641
12 641
Free-cash
24 848
29 357
18 313
19 662

Estimated living cost  is ₴12641 per week

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

Source of data for Prague model

Close
Graz , Austria
₴20270
₴20057
₴17479
₴2517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
chamber of commerce
-
-
-
244
income
-
-
-
13 901
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
-
total
-
-
-
29 856
Employee
18 723
17 069
47 368
-
other
187
171
474
-
health
724
661
1 833
-
income
1 668
1 259
11 171
-
pensions
1 917
1 748
4 851
-
unemployment
562
512
1 421
-
total
5 058
4 351
19 750
-
Employer
18 723
17 069
47 368
-
accident
243
222
616
-
other
889
810
2 250
-
chamber of commerce
75
68
189
-
unemployment
562
512
1 421
-
surtax
-
-
-
-
pensions
2 350
2 143
5 945
-
payroll
562
512
1 421
-
health
708
645
1 791
-
total
5 389
4 912
13 633
-
Corporate
36 889
39 019
45 742
-
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.

9 222
9 754
11 435
-
total
9 222
9 754
11 435
-
Dividends
27 667
29 264
-
-
withholding
7 609
8 048
-
-
total
7 609
8 048
-
-
Income
61 000
61 000
61 000
61 000
Total tax
27 278
27 065
44 818
29 856
After tax
33 722
33 935
16 182
31 144
Living cost
13 665
13 665
13 665
13 665
Free-cash
20 057
20 270
2 517
17 479

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
₴51945
₴50819
₴54385
₴42795
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
61 000
microenterprise

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

-
-
-
610
total
-
-
-
610
Employee
7 506
-
61 000
-
income
1 501
-
12 200
-
total
1 501
-
12 200
-
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%.

53 494
61 000
-
-
total
-
-
-
-
Dividends
53 494
61 000
-
-
withholding
2 675
3 050
-
-
total
2 675
3 050
-
-
Income
61 000
61 000
61 000
61 000
Total tax
4 176
3 050
12 200
610
After tax
56 824
57 950
48 800
60 390
Living cost
6 005
6 005
6 005
6 005
Free-cash
50 819
51 945
42 795
54 385

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
₴30511
₴26929
₴19038
₴17422
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
61 000
income
-
-
-
13 239
pensions
-
-
-
11 140
unemployment
-
-
-
92
health
-
-
-
6 003
total
-
-
-
30 474
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
-
52 782
-
health
1 223
-
3 410
-
income
3 266
-
12 207
-
pensions
2 936
-
8 181
-
unemployment
27
-
74
-
total
7 452
-
23 872
-
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
-
52 782
-
unemployment
11
-
32
-
pensions
1 676
-
4 671
-
health
1 261
-
3 515
-
total
2 948
-
8 218
-
Corporate
39 111
61 000
-
-
income
7 431
11 590
-
-
total
7 431
11 590
-
-
Dividends
31 680
49 410
-
-
withholding
4 752
7 411
-
-
total
4 752
7 411
-
-
Income
61 000
61 000
61 000
61 000
Total tax
22 583
19 001
32 090
30 474
After tax
38 417
41 999
28 910
30 526
Living cost
11 488
11 488
11 488
11 488
Free-cash
26 929
30 511
17 422
19 038

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
₴18616
-₴2915
₴23660
₴36865
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
11 890
social contributions
-
-
-
6 954
total
-
-
-
18 844
Employee
26 521
-
-
-
social contributions
2 175
-
310
-
income
5 850
-
-
-
total
8 025
-
310
-
Employer
26 521
-
-
-
social contributions
37 394
-
5 329
-
total
37 394
-
5 329
-
Corporate
-
61 000
-
-
income
-
13 420
-
-
total
-
13 420
-
-
Dividends
-
47 580
-
-
income
-
10 468
-
-
total
-
10 468
-
-
Income
61 000
61 000
61 000
61 000
Total tax
45 419
23 888
5 639
18 844
After tax
15 581
37 112
55 361
42 156
Living cost
18 496
18 496
18 496
18 496
Free-cash
-2 915
18 616
36 865
23 660

Estimated living cost  is ₴18496 per week

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

Source of data for Oslo model

Close
Lisbon , Portugal
₴21262
₴20831
₴19728
₴15536
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
61 000
income
-
-
-
6 640
surtax
-
-
-
-
social contributions

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

-
-
-
21 197
total
-
-
-
27 837
Employee
19 699
-
49 293
-
social contributions
2 167
-
5 422
-
surtax
-
-
-
-
income
4 097
-
14 900
-
total
6 264
-
20 322
-
Employer
19 699
-
49 293
-
social contributions
4 678
-
11 707
-
total
4 678
-
11 707
-
Corporate
36 622
61 000
-
-
surtax
-
-
-
-
income
7 691
12 810
-
-
total
7 691
12 810
-
-
Dividends
28 932
48 190
-
-
withholding
8 101
13 493
-
-
total
8 101
13 493
-
-
Income
61 000
61 000
61 000
61 000
Total tax
26 734
26 303
32 029
27 837
After tax
34 266
34 697
28 971
33 163
Living cost
13 435
13 435
13 435
13 435
Free-cash
20 831
21 262
15 536
19 728

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
₴10058
₴13001
₴13921
₴14451
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
8 379
pensions
-
-
-
12 254
other
-
-
-
1 891
health
-
-
-
2 129
surtax
-
-
-
-
social contributions
-
-
-
1 739
total
-
-
-
26 392
Employee
26 826
-
48 074
-
social contributions
764
-
1 370
-
surtax
-
-
-
-
income
2 341
-
8 580
-
pensions
3 034
-
2 985
-
total
6 139
-
12 935
-
Employer
26 826
-
48 074
-
other
926
-
1 723
-
social contributions
80
-
144
-
unemployment
1 087
-
1 947
-
pensions
4 408
-
5 089
-
health
1 878
-
4 024
-
total
8 379
-
12 927
-
Corporate
25 796
61 000
-
-
surtax
-
-
-
-
income
7 223
17 080
-
-
total
7 223
17 080
-
-
Dividends
18 573
43 920
-
-
surtax
-
-
-
-
social contributions
3 194
7 554
-
-
withholding
2 377
5 621
-
-
total
5 571
13 175
-
-
Income
61 000
61 000
61 000
61 000
Total tax
27 312
30 255
25 862
26 392
After tax
33 688
30 745
35 138
34 608
Living cost
20 687
20 687
20 687
20 687
Free-cash
13 001
10 058
14 451
13 921

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
₴42025
₴40587
₴32548
₴34170
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
2 157
social contributions
-
-
-
13 420
total
-
-
-
15 577
Employee
13 770
-
52 814
-
income
-
-
2 337
-
social contributions
895
-
3 432
-
total
895
-
5 769
-
Employer
13 770
-
52 814
-
social contributions
2 134
-
8 186
-
total
2 134
-
8 186
-
Corporate
45 096
61 000
-
-
income
4 509
6 100
-
-
total
4 509
6 100
-
-
Dividends
40 586
54 900
-
-
total
-
-
-
-
Income
61 000
61 000
61 000
61 000
Total tax
7 538
6 100
13 955
15 577
After tax
53 462
54 900
47 045
45 423
Living cost
12 875
12 875
12 875
12 875
Free-cash
40 587
42 025
34 170
32 548

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
-₴32361
-₴32361
₴16176
-₴32361
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
municipal
-
-
-
12 277
pensions
-
-
-
371
national
-
-
-
6 689
labour market
-
-
-
4 850
total
-
-
-
24 187
Employee
87 102
87 102
87 102
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 102
87 102
87 102
-
labour market
6 968
6 968
6 968
-
municipal
18 577
18 577
18 577
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 453
36 453
36 453
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
61 000
61 000
61 000
61 000
Total tax
72 724
72 724
72 724
24 187
After tax
-11 724
-11 724
-11 724
36 813
Living cost
20 637
20 637
20 637
20 637
Free-cash
-32 361
-32 361
-32 361
16 176

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
-₴4287
₴3526
₴32523
₴23414
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
accident
-
-
-
108
income
-
-
-
16 284
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
19 249
Employee
14 517
-
54 081
-
health
1 662
-
6 192
-
income
1 992
-
11 999
-
pensions
1 635
-
3 248
-
total
5 289
-
21 439
-
Employer
14 517
-
54 081
-
accident
242
-
903
-
unemployment
356
-
1 325
-
pensions
2 360
-
4 691
-
total
2 958
-
6 919
-
Corporate
43 525
61 000
-
-
income

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

39 172
54 900
-
-
total
39 172
54 900
-
-
Dividends
4 353
6 100
-
-
withholding
827
1 159
-
-
total
827
1 159
-
-
Income
61 000
61 000
61 000
61 000
Total tax
48 246
56 059
28 358
19 249
After tax
12 754
4 941
32 642
41 751
Living cost
9 228
9 228
9 228
9 228
Free-cash
3 526
-4 287
23 414
32 523

Estimated living cost  is ₴9228 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴22677
₴23303
₴24838
₴16475
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
61 000
municipal
-
-
-
10 843
health
-
-
-
761
national
-
-
-
8 114
total
-
-
-
19 718
Employee
22 534
-
51 317
-
health
168
-
611
-
municipal
3 691
-
8 365
-
pensions
1 521
-
3 464
-
unemployment
338
-
770
-
national
372
-
5 189
-
total
6 090
-
18 399
-
Employer
22 534
-
51 317
-
accident
23
-
51
-
unemployment
146
-
333
-
pensions
3 910
-
8 903
-
health
173
-
395
-
total
4 252
-
9 682
-
Corporate
34 214
61 000
-
-
income
6 843
12 200
-
-
total
6 843
12 200
-
-
Dividends

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

20 528
36 600
-
-
national
373
3 091
-
-
municipal
3 695
6 588
-
-
total
4 068
9 679
-
-
Income
61 000
61 000
61 000
61 000
Total tax
21 253
21 879
28 081
19 718
After tax
39 747
39 121
32 919
41 282
Living cost
16 444
16 444
16 444
16 444
Free-cash
23 303
22 677
16 475
24 838

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
₴34631
₴32300
₴32500
₴31923
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
10 097
health
-
-
-
1 556
social contributions
-
-
-
6 930
total
-
-
-
18 583
Employee
32 935
32 935
56 272
-
social contributions
1 245
2 733
3 687
-
health
255
560
957
-
income
3 586
3 049
9 788
-
total
5 086
6 342
14 432
-
Employer
32 935
32 935
56 272
-
social contributions
1 245
2 733
3 687
-
health
277
610
1 041
-
total
1 522
3 343
4 728
-
Corporate
44 474
24 722
-
-
income
5 560
3 090
-
-
total
5 560
3 090
-
-
Dividends
38 915
21 631
-
-
withholding
6 615
3 677
-
-
total
6 615
3 677
-
-
Income
61 000
61 000
61 000
61 000
Total tax
18 783
16 452
19 160
18 583
After tax
42 217
44 548
41 840
42 417
Living cost
9 917
9 917
9 917
9 917
Free-cash
32 300
34 631
31 923
32 500

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
₴43714
₴41534
₴43826
₴35235
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
61 000
income
-
-
-
6 087
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
10 374
Employee

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

9 831
-
56 814
-
health
836
-
3 454
-
income
672
-
5 026
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
14 779
-
Employer

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

9 831
-
56 814
-
unemployment
49
-
203
-
pensions
541
-
2 235
-
health
423
-
1 748
-
total
1 013
-
4 186
-
Corporate
50 157
61 000
-
-
income
4 514
5 490
-
-
total
4 514
5 490
-
-
Dividends
45 642
55 510
-
-
withholding
4 108
4 996
-
-
total
4 108
4 996
-
-
Income
61 000
61 000
61 000
61 000
Total tax
12 666
10 486
18 965
10 374
After tax
48 334
50 514
42 035
50 626
Living cost
6 800
6 800
6 800
6 800
Free-cash
41 534
43 714
35 235
43 826

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
₴29057
₴27036
₴22616
₴20585
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
accident
-
-
-
358
income
-
-
-
14 695
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
26 606
Employee
15 837
-
48 344
-
other
15
-
40
-
income
3 053
-
13 460
-
pensions
745
-
1 866
-
unemployment
245
-
615
-
total
4 058
-
15 981
-
Employer
15 837
-
48 344
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
40 114
61 000
-
-
income

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

6 017
9 150
-
-
total
6 017
9 150
-
-
Dividends
34 096
51 850
-
-
withholding
7 062
11 015
-
-
total
7 062
11 015
-
-
Income
61 000
61 000
61 000
61 000
Total tax
22 186
20 165
28 637
26 606
After tax
38 814
40 835
32 363
34 394
Living cost
11 778
11 778
11 778
11 778
Free-cash
27 036
29 057
20 585
22 616

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
₴36894
₴36701
₴37793
₴37711
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
20 565
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
22 037
Employee
1 782
-
60 040
-
health
89
-
213
-
income
345
-
20 520
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
21 160
-
Employer
1 782
-
60 040
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
58 817
61 000
-
-
income
12 940
13 420
-
-
total
12 940
13 420
-
-
Dividends
45 878
47 580
-
-
withholding
9 176
9 516
-
-
total
9 176
9 516
-
-
Income
61 000
61 000
61 000
61 000
Total tax
23 129
22 936
22 119
22 037
After tax
37 871
38 064
38 881
38 963
Living cost
1 170
1 170
1 170
1 170
Free-cash
36 701
36 894
37 711
37 793

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
₴36664
₴34557
₴28165
₴28166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
61 000
income
-
-
-
13 461
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
25 427
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
-
55 334
-
health
575
-
1 630
-
income
1 540
-
13 461
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
19 760
-
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
-
55 334
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
47 830
61 000
-
-
income
7 175
9 150
-
-
total
7 175
9 150
-
-
Dividends
40 656
51 850
-
-
withholding
6 098
7 778
-
-
total
6 098
7 778
-
-
Income
61 000
61 000
61 000
61 000
Total tax
19 035
16 928
25 426
25 427
After tax
41 965
44 072
35 574
35 573
Living cost
7 408
7 408
7 408
7 408
Free-cash
34 557
36 664
28 166
28 165

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
₴23150
₴22996
₴21616
₴17424
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
61 000
income
-
-
-
6 640
surtax
-
-
-
-
social contributions

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

-
-
-
21 197
total
-
-
-
27 837
Employee
16 624
-
49 293
-
social contributions
1 829
-
5 422
-
surtax
-
-
-
-
income
3 248
-
14 900
-
total
5 077
-
20 322
-
Employer
16 624
-
49 293
-
social contributions
3 948
-
11 707
-
total
3 948
-
11 707
-
Corporate
40 428
61 000
-
-
surtax
-
-
-
-
income
8 490
12 810
-
-
total
8 490
12 810
-
-
Dividends
31 939
48 190
-
-
withholding
8 942
13 493
-
-
total
8 942
13 493
-
-
Income
61 000
61 000
61 000
61 000
Total tax
26 457
26 303
32 029
27 837
After tax
34 543
34 697
28 971
33 163
Living cost
11 547
11 547
11 547
11 547
Free-cash
22 996
23 150
17 424
21 616

Estimated living cost  is ₴11547 per week

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

Source of data for Porto model

Close
Madrid , Spain
₴25782
₴22740
₴19341
₴17310
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
accident
-
-
-
358
income
-
-
-
14 695
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
26 606
Employee
20 686
-
48 344
-
other
20
-
40
-
income
4 320
-
13 460
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 632
-
15 981
-
Employer
20 686
-
48 344
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 882
-
9 369
-
total
6 596
-
12 656
-
Corporate
33 719
61 000
-
-
income

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

5 058
9 150
-
-
total
5 058
9 150
-
-
Dividends
28 661
51 850
-
-
withholding
5 921
11 015
-
-
total
5 921
11 015
-
-
Income
61 000
61 000
61 000
61 000
Total tax
23 207
20 165
28 637
26 606
After tax
37 793
40 835
32 363
34 394
Living cost
15 053
15 053
15 053
15 053
Free-cash
22 740
25 782
17 310
19 341

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
₴44783
₴42171
₴40480
₴42716
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
9 150
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
-
-
-
13 148
Employee
9 762
-
58 063
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
5 806
-
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
-
7 974
-
Employer
9 762
-
58 063
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
49 322
61 000
-
-
income
4 932
6 100
-
-
total
4 932
6 100
-
-
Dividends
44 390
54 900
-
-
withholding
2 220
2 745
-
-
total
2 220
2 745
-
-
Income
61 000
61 000
61 000
61 000
Total tax
11 457
8 845
10 912
13 148
After tax
49 543
52 155
50 088
47 852
Living cost
7 372
7 372
7 372
7 372
Free-cash
42 171
44 783
42 716
40 480

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
₴14881
₴20483
₴17439
₴23335
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
61 000
trade
-
-
-
5 896
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.

-
-
-
17 254
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.

-
-
-
949
total
-
-
-
27 025
Employee

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

21 311
-
61 000
-
health

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

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

2 926
-
2 926
-
surtax

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

97
-
949
-
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
-
17 254
-
total
4 775
-
21 129
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
39 689
61 000
-
-
surtax

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

328
503
-
-
income
5 953
9 150
-
-
trade
5 695
8 754
-
-
chamber of commerce
124
154
-
-
total
12 100
18 561
-
-
Dividends
27 589
42 439
-
-
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.

371
575
-
-
withholding
6 735
10 447
-
-
total
7 106
11 022
-
-
Income
61 000
61 000
61 000
61 000
Total tax
23 981
29 583
21 129
27 025
After tax
37 019
31 417
39 871
33 975
Living cost
16 536
16 536
16 536
16 536
Free-cash
20 483
14 881
23 335
17 439

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
₴18301
₴19247
₴9437
₴9437
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
17 321
social contributions
-
-
-
9 843
total
-
-
-
27 164
Employee
33 504
-
61 000
-
income
6 322
-
17 321
-
social contributions
2 783
-
9 843
-
total
9 105
-
27 164
-
Employer
33 504
-
61 000
-
total
-
-
-
-
Corporate
27 496
61 000
-
-
income
3 437
7 625
-
-
total
3 437
7 625
-
-
Dividends
24 059
53 375
-
-
withholding
4 812
10 675
-
-
total
4 812
10 675
-
-
Income
61 000
61 000
61 000
61 000
Total tax
17 354
18 300
27 164
27 164
After tax
43 646
42 700
33 836
33 836
Living cost
24 399
24 399
24 399
24 399
Free-cash
19 247
18 301
9 437
9 437

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
₴21839
₴23335
₴30399
₴28706
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
61 000
income
-
-
-
12 192
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
-
-
-
15 053
Employee
19 648
-
59 030
-
income
2 132
-
12 806
-
social contributions
1 969
-
1 970
-
total
4 101
-
14 776
-
Employer
19 648
-
59 030
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
39 383
61 000
-
-
income
13 784
21 350
-
-
total
13 784
21 350
-
-
Dividends
25 599
39 650
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
61 000
61 000
61 000
61 000
Total tax
22 117
23 613
16 746
15 053
After tax
38 883
37 387
44 254
45 947
Living cost
15 548
15 548
15 548
15 548
Free-cash
23 335
21 839
28 706
30 399

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
₴25551
₴27313
₴25590
₴19987
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
income
-
-
-
15 872
pensions
-
-
-
3 573
total
-
-
-
19 445
Employee
21 914
-
53 424
-
health
286
-
832
-
income
3 991
-
12 137
-
pensions
1 673
-
4 502
-
total
5 950
-
17 471
-
Employer
21 914
-
53 424
-
pensions
2 214
-
6 562
-
health
416
-
1 015
-
total
2 630
-
7 577
-
Corporate
36 456
61 000
-
-
income

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

6 927
11 590
-
-
total
6 927
11 590
-
-
Dividends
29 529
49 410
-
-
withholding
2 215
7 894
-
-
total
2 215
7 894
-
-
Income
61 000
61 000
61 000
61 000
Total tax
17 722
19 484
25 048
19 445
After tax
43 278
41 516
35 952
41 555
Living cost
15 965
15 965
15 965
15 965
Free-cash
27 313
25 551
19 987
25 590

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
-₴5201
₴3385
₴31609
₴22500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
accident
-
-
-
108
income
-
-
-
16 284
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
19 249
Employee
15 954
-
54 081
-
health
1 827
-
6 192
-
income
2 189
-
11 999
-
pensions
1 796
-
3 248
-
total
5 812
-
21 439
-
Employer
15 954
-
54 081
-
accident
266
-
903
-
unemployment
391
-
1 325
-
pensions
2 594
-
4 691
-
total
3 251
-
6 919
-
Corporate
41 795
61 000
-
-
income

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

37 616
54 900
-
-
total
37 616
54 900
-
-
Dividends
4 180
6 100
-
-
withholding
794
1 159
-
-
total
794
1 159
-
-
Income
61 000
61 000
61 000
61 000
Total tax
47 473
56 059
28 358
19 249
After tax
13 527
4 941
32 642
41 751
Living cost
10 142
10 142
10 142
10 142
Free-cash
3 385
-5 201
22 500
31 609

Estimated living cost  is ₴10142 per week

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

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴45547
₴43543
₴28601
₴35958
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
61 000
work injury
-
-
-
305
health insurance
-
-
-
4 514
income
-
-
-
9 839
pensions
-
-
-
11 224
unemployment
-
-
-
732
total
-
-
-
26 614
Employee

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

9 257
-
61 000
-
work injury
46
-
171
-
income
926
-
9 839
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
19 257
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51 743
61 000
-
-
income

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

517
610
-
-
total
517
610
-
-
Dividends
51 226
60 390
-
-
withholding
7 684
9 058
-
-
total
7 684
9 058
-
-
Income
61 000
61 000
61 000
61 000
Total tax
11 672
9 668
19 257
26 614
After tax
49 328
51 332
41 743
34 386
Living cost
5 785
5 785
5 785
5 785
Free-cash
43 543
45 547
35 958
28 601

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
₴15068
₴13120
₴12213
₴9437
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
61 000
municipal
-
-
-
408
regional
-
-
-
1 381
national
-
-
-
14 245
social contributions
-
-
-
15 690
total
-
-
-
31 724
Employee
36 092
-
61 000
-
social contributions
12 170
-
20 569
-
regional
545
-
1 194
-
municipal
215
-
364
-
national
6 099
-
12 373
-
total
19 029
-
34 500
-
Employer
36 092
-
61 000
-
total
-
-
-
-
Corporate
24 908
61 000
-
-
nationa
5 978
14 640
-
-
municipal
1 201
2 940
-
-
total
7 179
17 580
-
-
Dividends
17 729
43 420
-
-
withholding
4 609
11 289
-
-
total
4 609
11 289
-
-
Income
61 000
61 000
61 000
61 000
Total tax
30 817
28 869
34 500
31 724
After tax
30 183
32 131
26 500
29 276
Living cost
17 063
17 063
17 063
17 063
Free-cash
13 120
15 068
9 437
12 213

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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