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
₴ 62000
per

Your estimated
City
free-cash

Dresden , Germany
₴18320
₴23056
₴20827
₴27455
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 000
trade
-
-
-
6 628
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.

-
-
-
17 674
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.

-
-
-
972
total
-
-
-
28 200
Employee

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

16 382
-
62 000
-
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
-
972
-
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
-
17 674
-
total
3 409
-
21 572
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
45 618
62 000
-
-
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.

376
511
-
-
income
6 843
9 300
-
-
trade
7 185
9 765
-
-
chamber of commerce
131
154
-
-
total
14 535
19 730
-
-
Dividends
31 082
42 269
-
-
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.

419
572
-
-
withholding
7 608
10 405
-
-
total
8 027
10 977
-
-
Income
62 000
62 000
62 000
62 000
Total tax
25 971
30 707
21 572
28 200
After tax
36 029
31 293
40 428
33 800
Living cost
12 973
12 973
12 973
12 973
Free-cash
23 056
18 320
27 455
20 827

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
₴17045
₴16684
₴15172
₴15658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
municipal
-
-
-
6 699
pensions
-
-
-
7 440
national
-
-
-
10 380
social contributions
-
-
-
666
total
-
-
-
25 185
Employee
33 550
-
53 598
-
municipal
4 144
-
6 939
-
pensions
1 342
-
2 144
-
national
6 422
-
10 752
-
total
11 908
-
19 835
-
Employer
33 550
-
53 598
-
social contributions
361
-
576
-
pensions
2 684
-
4 288
-
total
3 045
-
4 864
-
Corporate
23 190
62 000
-
-
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%.

4 638
12 400
-
-
total
4 638
12 400
-
-
Dividends
18 552
49 600
-
-
withholding
4 082
10 912
-
-
total
4 082
10 912
-
-
Income
62 000
62 000
62 000
62 000
Total tax
23 673
23 312
24 699
25 185
After tax
38 327
38 688
37 301
36 815
Living cost
21 643
21 643
21 643
21 643
Free-cash
16 684
17 045
15 658
15 172

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
₴40689
₴37175
₴10870
₴29103
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 000
microenterprise
-
-
-
-
income
-
-
-
9 998
surtax
-
-
-
15 810
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
-
-
-
42 219
Employee
12 515
-
44 050
-
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
-
4 845
-
surtax
-
-
-
-
income
2 228
-
8 529
-
total
3 605
-
13 374
-
Employer
12 515
-
44 050
-
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
-
10 612
-
surtax
-
-
-
-
total
3 015
-
10 612
-
Corporate
46 470
62 000
-
-
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%.

9 294
12 400
-
-
total
9 294
12 400
-
-
Dividends

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

37 176
49 600
-
-
total
-
-
-
-
Income
62 000
62 000
62 000
62 000
Total tax
15 914
12 400
23 986
42 219
After tax
46 086
49 600
38 014
19 781
Living cost
8 911
8 911
8 911
8 911
Free-cash
37 175
40 689
29 103
10 870

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
₴12553
₴9928
₴17222
₴19334
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
16 535
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
26 835
Employee
36 576
36 576
54 040
-
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
6 464
-
pensions
6 584
5 018
5 018
-
total
18 185
15 780
16 764
-
Employer
36 576
36 576
54 040
-
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
19 468
19 019
-
-
income
3 893
3 804
-
-
total
3 893
3 804
-
-
Dividends
15 574
15 215
-
-
income
3 310
3 233
-
-
withholding
2 336
2 282
-
-
total
5 646
5 515
-
-
Income
62 000
62 000
62 000
62 000
Total tax
34 129
31 504
24 723
26 835
After tax
27 871
30 496
37 277
35 165
Living cost
17 943
17 943
17 943
17 943
Free-cash
9 928
12 553
19 334
17 222

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
₴17304
₴16932
₴15971
₴15569
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
municipal
-
-
-
15 355
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
3 619
total
-
-
-
29 481
Employee
23 580
-
50 605
-
municipal
7 032
-
15 090
-
national
-
-
3 397
-
total
7 032
-
18 487
-
Employer
23 580
-
50 605
-
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
31 011
62 000
-
-
income
6 823
13 640
-
-
total
6 823
13 640
-
-
Dividends
24 189
48 360
-
-
withholding
7 257
14 508
-
-
total
7 257
14 508
-
-
Income
62 000
62 000
62 000
62 000
Total tax
28 520
28 148
29 883
29 481
After tax
33 480
33 852
32 117
32 519
Living cost
16 548
16 548
16 548
16 548
Free-cash
16 932
17 304
15 569
15 971

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
₴14147
₴20167
₴16679
₴23602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 000
trade
-
-
-
6 923
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.

-
-
-
17 674
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.

-
-
-
972
total
-
-
-
28 495
Employee

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

21 721
-
62 000
-
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
-
972
-
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
-
17 674
-
total
4 894
-
21 572
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
40 279
62 000
-
-
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.

332
511
-
-
income
6 042
9 300
-
-
trade
6 626
10 199
-
-
chamber of commerce
122
153
-
-
total
13 122
20 163
-
-
Dividends
27 157
41 837
-
-
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.

364
567
-
-
withholding
6 627
10 297
-
-
total
6 991
10 864
-
-
Income
62 000
62 000
62 000
62 000
Total tax
25 007
31 027
21 572
28 495
After tax
36 993
30 973
40 428
33 505
Living cost
16 826
16 826
16 826
16 826
Free-cash
20 167
14 147
23 602
16 679

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
₴31382
₴29606
₴29158
₴28576
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
10 439
health
-
-
-
1 581
social contributions
-
-
-
6 930
total
-
-
-
18 950
Employee
32 935
32 935
57 254
-
social contributions
1 600
2 733
3 687
-
health
328
560
973
-
income
3 458
3 049
10 126
-
total
5 386
6 342
14 786
-
Employer
32 935
32 935
57 254
-
social contributions
1 600
2 733
3 687
-
health
357
610
1 059
-
total
1 957
3 343
4 746
-
Corporate
40 764
25 722
-
-
income
5 095
3 215
-
-
total
5 095
3 215
-
-
Dividends
35 669
22 506
-
-
withholding
6 064
3 826
-
-
total
6 064
3 826
-
-
Income
62 000
62 000
62 000
62 000
Total tax
18 502
16 726
19 532
18 950
After tax
43 498
45 274
42 468
43 050
Living cost
13 892
13 892
13 892
13 892
Free-cash
29 606
31 382
28 576
29 158

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
₴27073
₴27235
₴35168
₴28159
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
7 579
pensions
-
-
-
6 200
unemployment
-
-
-
930
health
-
-
-
4 340
total
-
-
-
19 049
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
51 883
-
health
786
313
3 632
-
income
1 373
547
6 343
-
pensions
1 123
447
5 188
-
unemployment
169
67
778
-
total
3 451
1 374
15 941
-
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
51 883
-
pensions
2 191
872
10 117
-
total
2 191
872
10 117
-
Corporate
48 575
56 657
-
-
income
4 372
5 099
-
-
total
4 372
5 099
-
-
Dividends
44 203
51 558
-
-
social contributions
8 569
10 003
-
-
withholding
8 399
9 796
-
-
total
16 968
19 799
-
-
Income
62 000
62 000
62 000
62 000
Total tax
26 982
27 144
26 058
19 049
After tax
35 018
34 856
35 942
42 951
Living cost
7 783
7 783
7 783
7 783
Free-cash
27 235
27 073
28 159
35 168

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
₴39255
₴36595
₴22887
₴25390
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
8 308
pensions
-
-
-
12 400
health
-
-
-
8 060
total
-
-
-
28 768
Employee
12 151
-
46 338
-
income
1 368
-
8 934
-
pensions
243
-
927
-
unemployment
194
-
741
-
total
1 805
-
10 602
-
Employer
12 151
-
46 338
-
unemployment
98
-
371
-
pensions
2 430
-
9 268
-
health
1 579
-
6 024
-
total
4 107
-
15 663
-
Corporate
45 742
62 000
-
-
income
9 148
12 400
-
-
total
9 148
12 400
-
-
Dividends
36 594
49 600
-
-
total
-
-
-
-
Income
62 000
62 000
62 000
62 000
Total tax
15 060
12 400
26 265
28 768
After tax
46 940
49 600
35 735
33 232
Living cost
10 345
10 345
10 345
10 345
Free-cash
36 595
39 255
25 390
22 887

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
-₴4344
₴3586
₴33064
₴23854
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
accident
-
-
-
108
income
-
-
-
16 605
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
19 570
Employee
14 734
-
55 042
-
health
1 687
-
6 302
-
income
2 021
-
12 271
-
pensions
1 659
-
3 248
-
total
5 367
-
21 821
-
Employer
14 734
-
55 042
-
accident
246
-
919
-
unemployment
361
-
1 349
-
pensions
2 396
-
4 691
-
total
3 003
-
6 959
-
Corporate
44 263
62 000
-
-
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.

39 837
55 800
-
-
total
39 837
55 800
-
-
Dividends
4 426
6 200
-
-
withholding
841
1 178
-
-
total
841
1 178
-
-
Income
62 000
62 000
62 000
62 000
Total tax
49 048
56 978
28 780
19 570
After tax
12 952
5 022
33 220
42 430
Living cost
9 366
9 366
9 366
9 366
Free-cash
3 586
-4 344
23 854
33 064

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
₴55047
₴54325
₴57527
₴45747
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
62 000
microenterprise

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

-
-
-
620
total
-
-
-
620
Employee
4 817
-
62 000
-
income
963
-
12 400
-
total
963
-
12 400
-
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%.

57 183
62 000
-
-
total
-
-
-
-
Dividends
57 183
62 000
-
-
withholding
2 859
3 100
-
-
total
2 859
3 100
-
-
Income
62 000
62 000
62 000
62 000
Total tax
3 822
3 100
12 400
620
After tax
58 178
58 900
49 600
61 380
Living cost
3 853
3 853
3 853
3 853
Free-cash
54 325
55 047
45 747
57 527

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
₴34139
₴31247
₴21485
₴24049
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
8 549
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.

-
-
-
14 880
other
-
-
-
2 945
health
-
-
-
2 728
total
-
-
-
29 102
Employee
15 552
-
49 521
-
health
218
-
693
-
income
2 677
-
9 404
-
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
-
3 467
-
unemployment
155
-
495
-
total
4 138
-
14 059
-
Employer
15 552
-
49 521
-
accident
124
-
396
-
other
778
-
2 476
-
unemployment
155
-
495
-
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
-
8 419
-
health
218
-
693
-
total
3 919
-
12 479
-
Corporate
42 529
62 000
-
-
income
8 931
13 020
-
-
total
8 931
13 020
-
-
Dividends
33 598
48 980
-
-
withholding
2 352
3 428
-
-
total
2 352
3 428
-
-
Income
62 000
62 000
62 000
62 000
Total tax
19 340
16 448
26 538
29 102
After tax
42 660
45 552
35 462
32 898
Living cost
11 413
11 413
11 413
11 413
Free-cash
31 247
34 139
24 049
21 485

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
₴13317
₴11806
₴13398
₴7710
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
16 264
pensions
-
-
-
3 593
total
-
-
-
19 857
Employee
40 669
-
54 287
-
health
670
-
841
-
income
7 331
-
12 472
-
pensions
3 923
-
4 519
-
total
11 924
-
17 832
-
Employer
40 669
-
54 287
-
pensions
4 802
-
6 681
-
health
772
-
1 032
-
total
5 574
-
7 713
-
Corporate
15 756
62 000
-
-
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.

2 994
11 780
-
-
total
2 994
11 780
-
-
Dividends
12 762
50 220
-
-
withholding
957
8 158
-
-
total
957
8 158
-
-
Income
62 000
62 000
62 000
62 000
Total tax
21 449
19 938
25 545
19 857
After tax
40 551
42 062
36 455
42 143
Living cost
28 745
28 745
28 745
28 745
Free-cash
11 806
13 317
7 710
13 398

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
₴47391
₴45401
₴43083
₴45369
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
9 300
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
-
-
-
13 298
Employee
7 440
-
59 063
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
5 906
-
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
-
8 074
-
Employer
7 440
-
59 063
-
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
53 100
62 000
-
-
income
5 310
6 200
-
-
total
5 310
6 200
-
-
Dividends
47 790
55 800
-
-
withholding
2 389
2 790
-
-
total
2 389
2 790
-
-
Income
62 000
62 000
62 000
62 000
Total tax
10 980
8 990
11 012
13 298
After tax
51 020
53 010
50 988
48 702
Living cost
5 619
5 619
5 619
5 619
Free-cash
45 401
47 391
45 369
43 083

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
₴6745
₴7822
₴11414
₴13526
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
16 535
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
26 835
Employee
39 710
36 576
54 040
-
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
6 464
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
16 764
-
Employer
39 710
36 576
54 040
-
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
15 337
19 019
-
-
income
3 068
3 804
-
-
total
3 068
3 804
-
-
Dividends
12 270
15 215
-
-
income
2 607
3 233
-
-
withholding
1 840
2 282
-
-
total
4 447
5 515
-
-
Income
62 000
62 000
62 000
62 000
Total tax
30 427
31 504
24 723
26 835
After tax
31 573
30 496
37 277
35 165
Living cost
23 751
23 751
23 751
23 751
Free-cash
7 822
6 745
13 526
11 414

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
₴32429
₴28769
₴22781
₴21206
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
5 830
health
-
-
-
8 370
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 761
total
-
-
-
28 961
Employee
15 086
-
46 269
-
social contributions
981
-
3 007
-
health
2 037
-
6 246
-
solidarity contribution
-
-
-
-
income
1 810
-
5 552
-
total
4 828
-
14 805
-
Employer
15 086
-
46 269
-
social contributions
3 771
-
11 567
-
health
1 358
-
4 164
-
total
5 129
-
15 731
-
Corporate
41 785
62 000
-
-
income
7 939
11 780
-
-
total
7 939
11 780
-
-
Dividends
33 846
50 220
-
-
withholding
5 077
7 533
-
-
total
5 077
7 533
-
-
Income
62 000
62 000
62 000
62 000
Total tax
22 973
19 313
30 536
28 961
After tax
39 027
42 687
31 464
33 039
Living cost
10 258
10 258
10 258
10 258
Free-cash
28 769
32 429
21 206
22 781

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
₴15007
₴12770
₴12345
₴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
-
-
-
62 000
municipal
-
-
-
368
regional
-
-
-
718
national
-
-
-
14 550
social contributions
-
-
-
15 946
total
-
-
-
31 582
Employee
38 066
-
62 000
-
social contributions
12 836
-
20 906
-
regional
359
-
632
-
municipal
202
-
328
-
national
6 596
-
12 624
-
total
19 993
-
34 490
-
Employer
38 066
-
62 000
-
total
-
-
-
-
Corporate
23 934
62 000
-
-
nationa
5 744
14 880
-
-
municipal
933
2 418
-
-
total
6 677
17 298
-
-
Dividends
17 257
44 702
-
-
withholding
4 487
11 622
-
-
total
4 487
11 622
-
-
Income
62 000
62 000
62 000
62 000
Total tax
31 157
28 920
34 490
31 582
After tax
30 843
33 080
27 510
30 418
Living cost
18 073
18 073
18 073
18 073
Free-cash
12 770
15 007
9 437
12 345

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
₴29547
₴28214
₴19969
₴18316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
14 870
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
2 121
total
-
-
-
32 580
Employee
14 164
-
51 217
-
other
-
-
-
-
health
362
-
1 306
-
surtax
46
-
1 859
-
income
2 374
-
13 304
-
pensions
944
-
3 416
-
unemployment
986
-
3 565
-
total
4 712
-
23 450
-
Employer
14 164
-
51 217
-
other
-
-
-
-
unemployment
449
-
1 624
-
pensions
1 888
-
6 828
-
health
645
-
2 331
-
total
2 982
-
10 783
-
Corporate
44 855
62 000
-
-
income
11 662
16 120
-
-
total
11 662
16 120
-
-
Dividends
33 192
45 880
-
-
withholding
4 979
6 882
-
-
total
4 979
6 882
-
-
Income
62 000
62 000
62 000
62 000
Total tax
24 335
23 002
34 233
32 580
After tax
37 665
38 998
27 767
29 420
Living cost
9 451
9 451
9 451
9 451
Free-cash
28 214
29 547
18 316
19 969

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
₴22424
₴23434
₴22505
₴16817
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
16 264
pensions
-
-
-
3 593
total
-
-
-
19 857
Employee
27 256
-
54 287
-
health
396
-
841
-
income
4 909
-
12 472
-
pensions
2 313
-
4 519
-
total
7 618
-
17 832
-
Employer
27 256
-
54 287
-
pensions
2 950
-
6 681
-
health
518
-
1 032
-
total
3 468
-
7 713
-
Corporate
31 276
62 000
-
-
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.

5 942
11 780
-
-
total
5 942
11 780
-
-
Dividends
25 334
50 220
-
-
withholding
1 900
8 158
-
-
total
1 900
8 158
-
-
Income
62 000
62 000
62 000
62 000
Total tax
18 928
19 938
25 545
19 857
After tax
43 072
42 062
36 455
42 143
Living cost
19 638
19 638
19 638
19 638
Free-cash
23 434
22 424
16 817
22 505

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
-₴4021
₴9829
₴18386
₴15375
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
city
-
-
-
654
pensions
-
-
-
5 704
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.

-
-
-
1 240
regional
-
-
-
2 752
health
-
-
-
140
national
-
-
-
752
total
-
-
-
11 242
Employee
37 883
-
55 494
-
city
407
-
596
-
regional
1 240
-
2 366
-
health
86
-
125
-
pensions
3 183
-
4 661
-
unemployment
-
-
-
-
national
179
-
609
-
total
5 095
-
8 357
-
Employer
37 883
-
55 494
-
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
-
1 110
-
unemployment
-
-
-
-
pensions
3 183
-
4 661
-
health
86
-
125
-
total
4 026
-
5 896
-
Corporate
19 674
62 000
-
-
regional
4 161
13 113
-
-
national
1 672
5 270
-
-
total
5 833
18 383
-
-
Dividends
13 841
43 616
-
-
withholding
4 845
15 266
-
-
total
4 845
15 266
-
-
Income
62 000
62 000
62 000
62 000
Total tax
19 799
33 649
14 253
11 242
After tax
42 201
28 351
47 747
50 758
Living cost
32 372
32 372
32 372
32 372
Free-cash
9 829
-4 021
15 375
18 386

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
₴11035
₴17979
₴13589
₴20807
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 000
trade
-
-
-
7 218
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.

-
-
-
17 674
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.

-
-
-
972
total
-
-
-
28 790
Employee

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

25 741
-
62 000
-
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
-
972
-
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
-
17 674
-
total
6 120
-
21 572
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 259
62 000
-
-
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.

299
511
-
-
income
5 439
9 300
-
-
trade
6 219
10 633
-
-
chamber of commerce
116
152
-
-
total
12 073
20 596
-
-
Dividends
24 186
41 404
-
-
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.

323
560
-
-
withholding
5 884
10 188
-
-
total
6 207
10 748
-
-
Income
62 000
62 000
62 000
62 000
Total tax
24 400
31 344
21 572
28 790
After tax
37 600
30 656
40 428
33 210
Living cost
19 621
19 621
19 621
19 621
Free-cash
17 979
11 035
20 807
13 589

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
₴16593
₴19125
₴20502
₴20924
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
8 616
pensions
-
-
-
12 337
other
-
-
-
1 922
health
-
-
-
2 202
surtax
-
-
-
-
social contributions
-
-
-
1 767
total
-
-
-
26 844
Employee
18 331
-
48 794
-
social contributions
523
-
1 391
-
surtax
-
-
-
-
income
1 082
-
8 768
-
pensions
2 073
-
3 057
-
total
3 678
-
13 216
-
Employer
18 331
-
48 794
-
other
632
-
1 760
-
social contributions
55
-
146
-
unemployment
742
-
1 976
-
pensions
3 011
-
5 207
-
health
1 283
-
4 117
-
total
5 723
-
13 206
-
Corporate
37 944
62 000
-
-
surtax
-
-
-
-
income
10 624
17 360
-
-
total
10 624
17 360
-
-
Dividends
27 320
44 640
-
-
surtax
-
-
-
-
social contributions
4 699
7 679
-
-
withholding
3 497
5 714
-
-
total
8 196
13 393
-
-
Income
62 000
62 000
62 000
62 000
Total tax
28 221
30 753
26 422
26 844
After tax
33 779
31 247
35 578
35 156
Living cost
14 654
14 654
14 654
14 654
Free-cash
19 125
16 593
20 924
20 502

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
₴18045
₴20425
₴21954
₴22376
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
8 616
pensions
-
-
-
12 337
other
-
-
-
1 922
health
-
-
-
2 202
surtax
-
-
-
-
social contributions
-
-
-
1 767
total
-
-
-
26 844
Employee
16 363
-
48 794
-
social contributions
467
-
1 391
-
surtax
-
-
-
-
income
844
-
8 768
-
pensions
1 851
-
3 057
-
total
3 162
-
13 216
-
Employer
16 363
-
48 794
-
other
565
-
1 760
-
social contributions
49
-
146
-
unemployment
662
-
1 976
-
pensions
2 689
-
5 207
-
health
1 145
-
4 117
-
total
5 110
-
13 206
-
Corporate
40 527
62 000
-
-
surtax
-
-
-
-
income
11 348
17 360
-
-
total
11 348
17 360
-
-
Dividends
29 179
44 640
-
-
surtax
-
-
-
-
social contributions
5 018
7 679
-
-
withholding
3 735
5 714
-
-
total
8 753
13 393
-
-
Income
62 000
62 000
62 000
62 000
Total tax
28 373
30 753
26 422
26 844
After tax
33 627
31 247
35 578
35 156
Living cost
13 202
13 202
13 202
13 202
Free-cash
20 425
18 045
22 376
21 954

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
₴28744
₴28966
₴30735
₴29851
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
9 300
health
-
-
-
4 327
social contributions
-
-
-
8 556
total
-
-
-
22 183
Employee
14 522
-
62 000
-
social contributions
2 004
-
8 556
-
health
1 014
-
4 327
-
income
2 422
-
10 184
-
total
5 440
-
23 067
-
Employer
14 522
-
62 000
-
total
-
-
-
-
Corporate
47 478
62 000
-
-
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%.

2 374
3 100
-
-
total
2 374
3 100
-
-
Dividends
45 103
58 900
-
-
health
3 148
4 111
-
-
social contributions
6 224
8 128
-
-
withholding
6 766
8 835
-
-
total
16 138
21 074
-
-
Income
62 000
62 000
62 000
62 000
Total tax
23 952
24 174
23 067
22 183
After tax
38 048
37 826
38 933
39 817
Living cost
9 082
9 082
9 082
9 082
Free-cash
28 966
28 744
29 851
30 735

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
₴19340
₴18679
₴16543
₴1253
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
chamber of commerce
-
-
-
248
income
-
-
-
14 321
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
85
total
-
-
-
30 365
Employee
21 405
17 069
48 077
-
other
214
171
480
-
health
828
661
1 861
-
income
2 437
1 259
11 415
-
pensions
2 192
1 748
4 923
-
unemployment
642
512
1 442
-
total
6 313
4 351
20 121
-
Employer
21 405
17 069
48 077
-
accident
278
222
625
-
other
1 017
810
2 284
-
chamber of commerce
85
68
193
-
unemployment
642
512
1 442
-
surtax
85
85
85
-
pensions
2 686
2 143
6 033
-
payroll
642
512
1 442
-
health
809
645
1 817
-
total
6 244
4 997
13 921
-
Corporate
34 351
39 934
46 454
-
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.

8 588
9 984
11 613
-
total
8 588
9 984
11 613
-
Dividends
25 763
29 950
-
-
withholding
7 084
8 236
-
-
total
7 084
8 236
-
-
Income
62 000
62 000
62 000
62 000
Total tax
28 229
27 568
45 655
30 365
After tax
33 771
34 432
16 345
31 635
Living cost
15 092
15 092
15 092
15 092
Free-cash
18 679
19 340
1 253
16 543

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
₴19086
₴12662
₴11597
₴6961
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
national
-
-
-
21 929
communal

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

-
-
-
3 137
social contributions
-
-
-
9 720
total
-
-
-
34 786
Employee

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

30 637
-
48 021
-
communal

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

1 598
-
2 505
-
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
-
2 256
-
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
-
3 602
-
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
-
418
-
national
9 419
-
16 662
-
total
15 021
-
25 443
-
Employer

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

30 637
-
48 021
-
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
-
624
-
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
-
701
-
surtax
3 474
-
5 446
-
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
-
4 255
-
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
-
2 953
-
total
8 918
-
13 979
-
Corporate
22 444
62 000
-
-
surtax
89
248
-
-
income
4 489
12 400
-
-
total
4 578
12 648
-
-
Dividends
17 866
49 352
-
-
withholding

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

5 204
14 649
-
-
total
5 204
14 649
-
-
Income
62 000
62 000
62 000
62 000
Total tax
33 721
27 297
39 422
34 786
After tax
28 279
34 703
22 578
27 214
Living cost
15 617
15 617
15 617
15 617
Free-cash
12 662
19 086
6 961
11 597

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
₴26021
₴22851
₴19476
₴17525
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
accident
-
-
-
358
income
-
-
-
15 145
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
27 056
Employee
21 320
-
49 344
-
other
21
-
40
-
income
4 498
-
13 830
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 852
-
16 351
-
Employer
21 320
-
49 344
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
33 884
62 000
-
-
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.

5 082
9 300
-
-
total
5 082
9 300
-
-
Dividends
28 801
52 700
-
-
withholding
5 951
11 211
-
-
total
5 951
11 211
-
-
Income
62 000
62 000
62 000
62 000
Total tax
23 681
20 511
29 007
27 056
After tax
38 319
41 489
32 993
34 944
Living cost
15 468
15 468
15 468
15 468
Free-cash
22 851
26 021
17 525
19 476

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
₴13712
₴8956
₴8882
₴11355
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
accident
-
-
-
523
income
-
-
-
8 677
pensions
-
-
-
9 293
health
-
-
-
4 356
surtax
-
-
-
3 074
communal
-
-
-
3 919
total
-
-
-
29 842
Employee
32 436
-
55 382
-
health
1 444
-
2 464
-
surtax
1 988
-
3 394
-
income
3 133
-
10 462
-
pensions
2 594
-
4 431
-
total
9 159
-
20 751
-
Employer
32 436
-
55 382
-
accident
292
-
498
-
pensions
2 594
-
4 431
-
health
989
-
1 689
-
total
3 875
-
6 618
-
Corporate
25 689
62 000
-
-
surtax
270
651
-
-
communal
1 734
4 185
-
-
income
3 854
9 300
-
-
total
5 858
14 136
-
-
Dividends
19 832
47 864
-
-
income
7 901
3 697
-
-
withholding
2 975
7 179
-
-
total
10 876
10 876
-
-
Income
62 000
62 000
62 000
62 000
Total tax
29 768
25 012
27 369
29 842
After tax
32 232
36 988
34 631
32 158
Living cost
23 276
23 276
23 276
23 276
Free-cash
8 956
13 712
11 355
8 882

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
₴29378
₴28016
₴19800
₴18147
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
14 870
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
2 121
total
-
-
-
32 580
Employee
14 424
-
51 217
-
other
-
-
-
-
health
368
-
1 306
-
surtax
51
-
1 859
-
income
2 418
-
13 304
-
pensions
962
-
3 416
-
unemployment
1 004
-
3 565
-
total
4 803
-
23 450
-
Employer
14 424
-
51 217
-
other
-
-
-
-
unemployment
458
-
1 624
-
pensions
1 923
-
6 828
-
health
656
-
2 331
-
total
3 037
-
10 783
-
Corporate
44 539
62 000
-
-
income
11 580
16 120
-
-
total
11 580
16 120
-
-
Dividends
32 959
45 880
-
-
withholding
4 944
6 882
-
-
total
4 944
6 882
-
-
Income
62 000
62 000
62 000
62 000
Total tax
24 364
23 002
34 233
32 580
After tax
37 636
38 998
27 767
29 420
Living cost
9 620
9 620
9 620
9 620
Free-cash
28 016
29 378
18 147
19 800

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
₴21051
₴20100
₴18663
₴15770
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
municipal
-
-
-
368
regional
-
-
-
935
national
-
-
-
14 550
social contributions
-
-
-
15 946
total
-
-
-
31 799
Employee
23 759
-
62 000
-
social contributions
8 012
-
20 906
-
regional
320
-
834
-
municipal
126
-
328
-
national
3 764
-
12 624
-
total
12 222
-
34 692
-
Employer
23 759
-
62 000
-
total
-
-
-
-
Corporate
38 241
62 000
-
-
nationa
9 178
14 880
-
-
municipal
1 900
3 081
-
-
total
11 078
17 961
-
-
Dividends
27 162
44 039
-
-
withholding
7 062
11 450
-
-
total
7 062
11 450
-
-
Income
62 000
62 000
62 000
62 000
Total tax
30 362
29 411
34 692
31 799
After tax
31 638
32 589
27 308
30 201
Living cost
11 538
11 538
11 538
11 538
Free-cash
20 100
21 051
15 770
18 663

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
₴30046
₴25537
₴20398
₴18823
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
5 830
health
-
-
-
8 370
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 761
total
-
-
-
28 961
Employee
18 589
-
46 269
-
social contributions
1 208
-
3 007
-
health
2 510
-
6 246
-
solidarity contribution
-
-
-
-
income
2 231
-
5 552
-
total
5 949
-
14 805
-
Employer
18 589
-
46 269
-
social contributions
4 647
-
11 567
-
health
1 673
-
4 164
-
total
6 320
-
15 731
-
Corporate
37 090
62 000
-
-
income
7 047
11 780
-
-
total
7 047
11 780
-
-
Dividends
30 043
50 220
-
-
withholding
4 506
7 533
-
-
total
4 506
7 533
-
-
Income
62 000
62 000
62 000
62 000
Total tax
23 822
19 313
30 536
28 961
After tax
38 178
42 687
31 464
33 039
Living cost
12 641
12 641
12 641
12 641
Free-cash
25 537
30 046
18 823
20 398

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
₴20813
₴20602
₴18055
₴2693
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
chamber of commerce
-
-
-
248
income
-
-
-
14 321
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
-
total
-
-
-
30 280
Employee
18 723
17 069
48 144
-
other
187
171
481
-
health
724
661
1 863
-
income
1 668
1 259
11 439
-
pensions
1 917
1 748
4 930
-
unemployment
562
512
1 444
-
total
5 058
4 351
20 157
-
Employer
18 723
17 069
48 144
-
accident
243
222
626
-
other
889
810
2 286
-
chamber of commerce
75
68
193
-
unemployment
562
512
1 444
-
surtax
-
-
-
-
pensions
2 350
2 143
6 042
-
payroll
562
512
1 444
-
health
708
645
1 820
-
total
5 389
4 912
13 855
-
Corporate
37 889
40 019
46 519
-
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.

9 472
10 005
11 630
-
total
9 472
10 005
11 630
-
Dividends
28 417
30 014
-
-
withholding
7 814
8 254
-
-
total
7 814
8 254
-
-
Income
62 000
62 000
62 000
62 000
Total tax
27 733
27 522
45 642
30 280
After tax
34 267
34 478
16 358
31 720
Living cost
13 665
13 665
13 665
13 665
Free-cash
20 602
20 813
2 693
18 055

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
₴52895
₴51769
₴55375
₴43595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
62 000
microenterprise

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

-
-
-
620
total
-
-
-
620
Employee
7 506
-
62 000
-
income
1 501
-
12 400
-
total
1 501
-
12 400
-
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%.

54 494
62 000
-
-
total
-
-
-
-
Dividends
54 494
62 000
-
-
withholding
2 725
3 100
-
-
total
2 725
3 100
-
-
Income
62 000
62 000
62 000
62 000
Total tax
4 226
3 100
12 400
620
After tax
57 774
58 900
49 600
61 380
Living cost
6 005
6 005
6 005
6 005
Free-cash
51 769
52 895
43 595
55 375

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
₴31199
₴27617
₴19476
₴17832
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 000
income
-
-
-
13 521
pensions
-
-
-
11 322
unemployment
-
-
-
93
health
-
-
-
6 100
total
-
-
-
31 036
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
-
53 647
-
health
1 223
-
3 466
-
income
3 266
-
12 470
-
pensions
2 936
-
8 315
-
unemployment
27
-
75
-
total
7 452
-
24 326
-
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
-
53 647
-
unemployment
11
-
33
-
pensions
1 676
-
4 748
-
health
1 261
-
3 573
-
total
2 948
-
8 354
-
Corporate
40 111
62 000
-
-
income
7 621
11 780
-
-
total
7 621
11 780
-
-
Dividends
32 490
50 220
-
-
withholding
4 874
7 533
-
-
total
4 874
7 533
-
-
Income
62 000
62 000
62 000
62 000
Total tax
22 895
19 313
32 680
31 036
After tax
39 105
42 687
29 320
30 964
Living cost
11 488
11 488
11 488
11 488
Free-cash
27 617
31 199
17 832
19 476

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
₴19225
-₴1915
₴24351
₴37865
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
12 085
social contributions
-
-
-
7 068
total
-
-
-
19 153
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
-
62 000
-
-
income
-
13 640
-
-
total
-
13 640
-
-
Dividends
-
48 360
-
-
income
-
10 639
-
-
total
-
10 639
-
-
Income
62 000
62 000
62 000
62 000
Total tax
45 419
24 279
5 639
19 153
After tax
16 581
37 721
56 361
42 847
Living cost
18 496
18 496
18 496
18 496
Free-cash
-1 915
19 225
37 865
24 351

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
₴21831
₴21401
₴20232
₴15932
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 000
income
-
-
-
6 788
surtax
-
-
-
-
social contributions

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

-
-
-
21 545
total
-
-
-
28 333
Employee
19 699
-
50 101
-
social contributions
2 167
-
5 511
-
surtax
-
-
-
-
income
4 097
-
15 223
-
total
6 264
-
20 734
-
Employer
19 699
-
50 101
-
social contributions
4 678
-
11 899
-
total
4 678
-
11 899
-
Corporate
37 622
62 000
-
-
surtax
-
-
-
-
income
7 900
13 020
-
-
total
7 900
13 020
-
-
Dividends
29 722
48 980
-
-
withholding
8 322
13 714
-
-
total
8 322
13 714
-
-
Income
62 000
62 000
62 000
62 000
Total tax
27 164
26 734
32 633
28 333
After tax
34 836
35 266
29 367
33 667
Living cost
13 435
13 435
13 435
13 435
Free-cash
21 401
21 831
15 932
20 232

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
₴10560
₴13504
₴14469
₴14891
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
8 616
pensions
-
-
-
12 337
other
-
-
-
1 922
health
-
-
-
2 202
surtax
-
-
-
-
social contributions
-
-
-
1 767
total
-
-
-
26 844
Employee
26 826
-
48 794
-
social contributions
764
-
1 391
-
surtax
-
-
-
-
income
2 341
-
8 768
-
pensions
3 034
-
3 057
-
total
6 139
-
13 216
-
Employer
26 826
-
48 794
-
other
926
-
1 760
-
social contributions
80
-
146
-
unemployment
1 087
-
1 976
-
pensions
4 408
-
5 207
-
health
1 878
-
4 117
-
total
8 379
-
13 206
-
Corporate
26 796
62 000
-
-
surtax
-
-
-
-
income
7 503
17 360
-
-
total
7 503
17 360
-
-
Dividends
19 293
44 640
-
-
surtax
-
-
-
-
social contributions
3 319
7 679
-
-
withholding
2 469
5 714
-
-
total
5 788
13 393
-
-
Income
62 000
62 000
62 000
62 000
Total tax
27 809
30 753
26 422
26 844
After tax
34 191
31 247
35 578
35 156
Living cost
20 687
20 687
20 687
20 687
Free-cash
13 504
10 560
14 891
14 469

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
₴42925
₴41487
₴33250
₴34897
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
2 235
social contributions
-
-
-
13 640
total
-
-
-
15 875
Employee
13 770
-
53 679
-
income
-
-
2 418
-
social contributions
895
-
3 489
-
total
895
-
5 907
-
Employer
13 770
-
53 679
-
social contributions
2 134
-
8 321
-
total
2 134
-
8 321
-
Corporate
46 096
62 000
-
-
income
4 609
6 200
-
-
total
4 609
6 200
-
-
Dividends
41 486
55 800
-
-
total
-
-
-
-
Income
62 000
62 000
62 000
62 000
Total tax
7 638
6 200
14 228
15 875
After tax
54 362
55 800
47 772
46 125
Living cost
12 875
12 875
12 875
12 875
Free-cash
41 487
42 925
34 897
33 250

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
-₴31361
-₴31361
₴16708
-₴31361
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
municipal
-
-
-
12 515
pensions
-
-
-
371
national
-
-
-
6 839
labour market
-
-
-
4 930
total
-
-
-
24 655
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
62 000
62 000
62 000
62 000
Total tax
72 724
72 724
72 724
24 655
After tax
-10 724
-10 724
-10 724
37 345
Living cost
20 637
20 637
20 637
20 637
Free-cash
-31 361
-31 361
-31 361
16 708

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
-₴4206
₴3607
₴33202
₴23992
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
accident
-
-
-
108
income
-
-
-
16 605
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
19 570
Employee
14 517
-
55 042
-
health
1 662
-
6 302
-
income
1 992
-
12 271
-
pensions
1 635
-
3 248
-
total
5 289
-
21 821
-
Employer
14 517
-
55 042
-
accident
242
-
919
-
unemployment
356
-
1 349
-
pensions
2 360
-
4 691
-
total
2 958
-
6 959
-
Corporate
44 525
62 000
-
-
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.

40 072
55 800
-
-
total
40 072
55 800
-
-
Dividends
4 452
6 200
-
-
withholding
846
1 178
-
-
total
846
1 178
-
-
Income
62 000
62 000
62 000
62 000
Total tax
49 165
56 978
28 780
19 570
After tax
12 835
5 022
33 220
42 430
Living cost
9 228
9 228
9 228
9 228
Free-cash
3 607
-4 206
23 992
33 202

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
₴23241
₴23958
₴25436
₴16935
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
62 000
municipal
-
-
-
11 020
health
-
-
-
776
national
-
-
-
8 324
total
-
-
-
20 120
Employee
22 534
-
52 158
-
health
168
-
624
-
municipal
3 691
-
8 501
-
pensions
1 521
-
3 520
-
unemployment
338
-
783
-
national
372
-
5 350
-
total
6 090
-
18 778
-
Employer
22 534
-
52 158
-
accident
23
-
52
-
unemployment
146
-
339
-
pensions
3 910
-
9 050
-
health
173
-
402
-
total
4 252
-
9 843
-
Corporate
35 214
62 000
-
-
income
7 043
12 400
-
-
total
7 043
12 400
-
-
Dividends

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

21 128
37 200
-
-
national
410
3 219
-
-
municipal
3 803
6 696
-
-
total
4 213
9 915
-
-
Income
62 000
62 000
62 000
62 000
Total tax
21 598
22 315
28 621
20 120
After tax
40 402
39 685
33 379
41 880
Living cost
16 444
16 444
16 444
16 444
Free-cash
23 958
23 241
16 935
25 436

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
₴35357
₴33027
₴33133
₴32551
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
10 439
health
-
-
-
1 581
social contributions
-
-
-
6 930
total
-
-
-
18 950
Employee
32 935
32 935
57 254
-
social contributions
1 245
2 733
3 687
-
health
255
560
973
-
income
3 586
3 049
10 126
-
total
5 086
6 342
14 786
-
Employer
32 935
32 935
57 254
-
social contributions
1 245
2 733
3 687
-
health
277
610
1 059
-
total
1 522
3 343
4 746
-
Corporate
45 474
25 722
-
-
income
5 684
3 215
-
-
total
5 684
3 215
-
-
Dividends
39 791
22 506
-
-
withholding
6 764
3 826
-
-
total
6 764
3 826
-
-
Income
62 000
62 000
62 000
62 000
Total tax
19 056
16 726
19 532
18 950
After tax
42 944
45 274
42 468
43 050
Living cost
9 917
9 917
9 917
9 917
Free-cash
33 027
35 357
32 551
33 133

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
₴44542
₴42362
₴44716
₴36126
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
62 000
income
-
-
-
6 197
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
10 484
Employee

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

9 831
-
57 814
-
health
836
-
3 454
-
income
672
-
5 135
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
14 888
-
Employer

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

9 831
-
57 814
-
unemployment
49
-
203
-
pensions
541
-
2 235
-
health
423
-
1 748
-
total
1 013
-
4 186
-
Corporate
51 157
62 000
-
-
income
4 604
5 580
-
-
total
4 604
5 580
-
-
Dividends
46 553
56 420
-
-
withholding
4 190
5 078
-
-
total
4 190
5 078
-
-
Income
62 000
62 000
62 000
62 000
Total tax
12 838
10 658
19 074
10 484
After tax
49 162
51 342
42 926
51 516
Living cost
6 800
6 800
6 800
6 800
Free-cash
42 362
44 542
36 126
44 716

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
₴29711
₴27707
₴23166
₴21215
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
accident
-
-
-
358
income
-
-
-
15 145
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
27 056
Employee
15 837
-
49 344
-
other
15
-
40
-
income
3 053
-
13 830
-
pensions
745
-
1 866
-
unemployment
245
-
615
-
total
4 058
-
16 351
-
Employer
15 837
-
49 344
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
41 114
62 000
-
-
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.

6 167
9 300
-
-
total
6 167
9 300
-
-
Dividends
34 947
52 700
-
-
withholding
7 241
11 211
-
-
total
7 241
11 211
-
-
Income
62 000
62 000
62 000
62 000
Total tax
22 515
20 511
29 007
27 056
After tax
39 485
41 489
32 993
34 944
Living cost
11 778
11 778
11 778
11 778
Free-cash
27 707
29 711
21 215
23 166

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
₴37518
₴37325
₴38443
₴38361
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
20 915
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
22 387
Employee
1 782
-
61 040
-
health
89
-
213
-
income
345
-
20 870
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
21 510
-
Employer
1 782
-
61 040
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
59 817
62 000
-
-
income
13 160
13 640
-
-
total
13 160
13 640
-
-
Dividends
46 658
48 360
-
-
withholding
9 332
9 672
-
-
total
9 332
9 672
-
-
Income
62 000
62 000
62 000
62 000
Total tax
23 505
23 312
22 469
22 387
After tax
38 495
38 688
39 531
39 613
Living cost
1 170
1 170
1 170
1 170
Free-cash
37 325
37 518
38 361
38 443

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
₴37387
₴35279
₴28915
₴28916
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 000
income
-
-
-
13 711
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
25 677
Employee

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

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

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

11 170
-
56 334
-
health
575
-
1 630
-
income
1 540
-
13 711
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
20 010
-
Employer

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

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

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

11 170
-
56 334
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
48 830
62 000
-
-
income
7 325
9 300
-
-
total
7 325
9 300
-
-
Dividends
41 506
52 700
-
-
withholding
6 226
7 905
-
-
total
6 226
7 905
-
-
Income
62 000
62 000
62 000
62 000
Total tax
19 313
17 205
25 676
25 677
After tax
42 687
44 795
36 324
36 323
Living cost
7 408
7 408
7 408
7 408
Free-cash
35 279
37 387
28 916
28 915

Estimated living cost  is ₴7408 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
₴23719
₴23564
₴22120
₴17820
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 000
income
-
-
-
6 788
surtax
-
-
-
-
social contributions

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

-
-
-
21 545
total
-
-
-
28 333
Employee
16 624
-
50 101
-
social contributions
1 829
-
5 511
-
surtax
-
-
-
-
income
3 248
-
15 223
-
total
5 077
-
20 734
-
Employer
16 624
-
50 101
-
social contributions
3 948
-
11 899
-
total
3 948
-
11 899
-
Corporate
41 428
62 000
-
-
surtax
-
-
-
-
income
8 700
13 020
-
-
total
8 700
13 020
-
-
Dividends
32 728
48 980
-
-
withholding
9 164
13 714
-
-
total
9 164
13 714
-
-
Income
62 000
62 000
62 000
62 000
Total tax
26 889
26 734
32 633
28 333
After tax
35 111
35 266
29 367
33 667
Living cost
11 547
11 547
11 547
11 547
Free-cash
23 564
23 719
17 820
22 120

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
₴26436
₴23411
₴19891
₴17940
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
accident
-
-
-
358
income
-
-
-
15 145
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
27 056
Employee
20 686
-
49 344
-
other
20
-
40
-
income
4 320
-
13 830
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 632
-
16 351
-
Employer
20 686
-
49 344
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 882
-
9 369
-
total
6 596
-
12 656
-
Corporate
34 719
62 000
-
-
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.

5 208
9 300
-
-
total
5 208
9 300
-
-
Dividends
29 512
52 700
-
-
withholding
6 100
11 211
-
-
total
6 100
11 211
-
-
Income
62 000
62 000
62 000
62 000
Total tax
23 536
20 511
29 007
27 056
After tax
38 464
41 489
32 993
34 944
Living cost
15 053
15 053
15 053
15 053
Free-cash
23 411
26 436
17 940
19 891

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
₴45638
₴43026
₴41330
₴43616
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
9 300
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
-
-
-
13 298
Employee
9 762
-
59 063
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
5 906
-
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
-
8 074
-
Employer
9 762
-
59 063
-
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
50 322
62 000
-
-
income
5 032
6 200
-
-
total
5 032
6 200
-
-
Dividends
45 290
55 800
-
-
withholding
2 265
2 790
-
-
total
2 265
2 790
-
-
Income
62 000
62 000
62 000
62 000
Total tax
11 602
8 990
11 012
13 298
After tax
50 398
53 010
50 988
48 702
Living cost
7 372
7 372
7 372
7 372
Free-cash
43 026
45 638
43 616
41 330

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
₴15395
₴20998
₴17853
₴23892
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 000
trade
-
-
-
6 039
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.

-
-
-
17 674
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.

-
-
-
972
total
-
-
-
27 611
Employee

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

21 311
-
62 000
-
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
-
972
-
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
-
17 674
-
total
4 775
-
21 572
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
40 689
62 000
-
-
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.

336
511
-
-
income
6 103
9 300
-
-
trade
5 839
8 897
-
-
chamber of commerce
124
156
-
-
total
12 402
18 864
-
-
Dividends
28 286
43 136
-
-
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.

380
584
-
-
withholding
6 909
10 621
-
-
total
7 289
11 205
-
-
Income
62 000
62 000
62 000
62 000
Total tax
24 466
30 069
21 572
27 611
After tax
37 534
31 931
40 428
34 389
Living cost
16 536
16 536
16 536
16 536
Free-cash
20 998
15 395
23 892
17 853

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
₴19001
₴19947
₴9848
₴9848
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
17 721
social contributions
-
-
-
10 032
total
-
-
-
27 753
Employee
33 504
-
62 000
-
income
6 322
-
17 721
-
social contributions
2 783
-
10 032
-
total
9 105
-
27 753
-
Employer
33 504
-
62 000
-
total
-
-
-
-
Corporate
28 496
62 000
-
-
income
3 562
7 750
-
-
total
3 562
7 750
-
-
Dividends
24 935
54 250
-
-
withholding
4 987
10 850
-
-
total
4 987
10 850
-
-
Income
62 000
62 000
62 000
62 000
Total tax
17 654
18 600
27 753
27 753
After tax
44 346
43 400
34 247
34 247
Living cost
24 399
24 399
24 399
24 399
Free-cash
19 947
19 001
9 848
9 848

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
₴22489
₴23985
₴31399
₴29356
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 000
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
-
60 030
-
income
2 132
-
13 156
-
social contributions
1 969
-
1 970
-
total
4 101
-
15 126
-
Employer
19 648
-
60 030
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
40 383
62 000
-
-
income
14 134
21 700
-
-
total
14 134
21 700
-
-
Dividends
26 249
40 300
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
62 000
62 000
62 000
62 000
Total tax
22 467
23 963
17 096
15 053
After tax
39 533
38 037
44 904
46 947
Living cost
15 548
15 548
15 548
15 548
Free-cash
23 985
22 489
29 356
31 399

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
₴26097
₴28063
₴26178
₴20490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
income
-
-
-
16 264
pensions
-
-
-
3 593
total
-
-
-
19 857
Employee
21 914
-
54 287
-
health
286
-
841
-
income
3 991
-
12 472
-
pensions
1 673
-
4 519
-
total
5 950
-
17 832
-
Employer
21 914
-
54 287
-
pensions
2 214
-
6 681
-
health
416
-
1 032
-
total
2 630
-
7 713
-
Corporate
37 456
62 000
-
-
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.

7 116
11 780
-
-
total
7 116
11 780
-
-
Dividends
30 339
50 220
-
-
withholding
2 276
8 158
-
-
total
2 276
8 158
-
-
Income
62 000
62 000
62 000
62 000
Total tax
17 972
19 938
25 545
19 857
After tax
44 028
42 062
36 455
42 143
Living cost
15 965
15 965
15 965
15 965
Free-cash
28 063
26 097
20 490
26 178

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
-₴5120
₴3466
₴32288
₴23078
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
accident
-
-
-
108
income
-
-
-
16 605
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
19 570
Employee
15 954
-
55 042
-
health
1 827
-
6 302
-
income
2 189
-
12 271
-
pensions
1 796
-
3 248
-
total
5 812
-
21 821
-
Employer
15 954
-
55 042
-
accident
266
-
919
-
unemployment
391
-
1 349
-
pensions
2 594
-
4 691
-
total
3 251
-
6 959
-
Corporate
42 795
62 000
-
-
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.

38 516
55 800
-
-
total
38 516
55 800
-
-
Dividends
4 280
6 200
-
-
withholding
813
1 178
-
-
total
813
1 178
-
-
Income
62 000
62 000
62 000
62 000
Total tax
48 392
56 978
28 780
19 570
After tax
13 608
5 022
33 220
42 430
Living cost
10 142
10 142
10 142
10 142
Free-cash
3 466
-5 120
23 078
32 288

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

Close
Skopje , Macedonia
₴46388
₴44385
₴29146
₴36778
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 000
work injury
-
-
-
310
health insurance
-
-
-
4 588
income
-
-
-
10 019
pensions
-
-
-
11 408
unemployment
-
-
-
744
total
-
-
-
27 069
Employee

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

9 257
-
62 000
-
work injury
46
-
171
-
income
926
-
10 019
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
19 437
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 743
62 000
-
-
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%.

527
620
-
-
total
527
620
-
-
Dividends
52 216
61 380
-
-
withholding
7 832
9 207
-
-
total
7 832
9 207
-
-
Income
62 000
62 000
62 000
62 000
Total tax
11 830
9 827
19 437
27 069
After tax
50 170
52 173
42 563
34 931
Living cost
5 785
5 785
5 785
5 785
Free-cash
44 385
46 388
36 778
29 146

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
₴15594
₴13647
₴12620
₴9817
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 000
municipal
-
-
-
415
regional
-
-
-
1 406
national
-
-
-
14 550
social contributions
-
-
-
15 946
total
-
-
-
32 317
Employee
36 092
-
62 000
-
social contributions
12 170
-
20 906
-
regional
545
-
1 220
-
municipal
215
-
370
-
national
6 099
-
12 624
-
total
19 029
-
35 120
-
Employer
36 092
-
62 000
-
total
-
-
-
-
Corporate
25 908
62 000
-
-
nationa
6 218
14 880
-
-
municipal
1 248
2 989
-
-
total
7 466
17 869
-
-
Dividends
18 441
44 131
-
-
withholding
4 795
11 474
-
-
total
4 795
11 474
-
-
Income
62 000
62 000
62 000
62 000
Total tax
31 290
29 343
35 120
32 317
After tax
30 710
32 657
26 880
29 683
Living cost
17 063
17 063
17 063
17 063
Free-cash
13 647
15 594
9 817
12 620

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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close